Can I retire at age 64 with 9,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $9,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$759,727$752,960$746,358$739,913$733,621$721,467
2 years$376,103$369,098$362,310$355,728$349,343$337,134
3 years$248,244$241,210$234,438$227,918$221,638$209,753
4 years$184,328$177,315$170,611$164,202$158,074$146,606
5 years$145,988$139,017$132,401$126,123$120,165$109,146
6 years$120,436$113,518$107,000$100,862$95,083$84,525
7 years$102,192$95,332$88,917$82,924$77,328$67,235
8 years$88,516$81,717$75,409$69,563$64,151$54,521
9 years$77,884$71,149$64,950$59,252$54,024$44,852
10 years$69,383$62,715$56,625$51,076$46,031$37,310
11 years$62,433$55,831$49,851$44,451$39,588$31,308
12 years$56,645$50,111$44,242$38,990$34,307$26,456
13 years$51,751$45,286$39,527$34,422$29,916$22,484
14 years$47,560$41,164$35,515$30,556$26,224$19,198
15 years$43,932$37,604$32,066$27,251$23,090$16,456
16 years$40,759$34,501$29,072$24,400$20,407$14,152
17 years$37,963$31,774$26,455$21,923$18,094$12,204
18 years$35,481$29,360$24,150$19,757$16,088$10,549
19 years$33,262$27,211$22,108$17,852$14,340$9,136
20 years$31,268$25,286$20,289$16,169$12,809$7,926
21 years$29,466$23,553$18,662$14,674$11,462$6,886
22 years$27,830$21,986$17,200$13,342$10,274$5,990
23 years$26,338$20,563$15,881$12,151$9,223$5,217
24 years$24,973$19,266$14,688$11,082$8,290$4,547
25 years$23,719$18,080$13,604$10,121$7,460$3,967
26 years$22,563$16,992$12,617$9,254$6,719$3,463
27 years$21,495$15,992$11,716$8,471$6,058$3,025
28 years$20,505$15,069$10,891$7,761$5,466$2,644
29 years$19,585$14,216$10,135$7,117$4,936$2,312
30 years$18,727$13,425$9,441$6,532$4,460$2,022
31 years$17,927$12,691$8,801$5,999$4,032$1,769
32 years$17,178$12,009$8,212$5,513$3,647$1,549
33 years$16,476$11,372$7,667$5,070$3,301$1,356
34 years$15,817$10,778$7,164$4,664$2,989$1,188
35 years$15,196$10,223$6,698$4,294$2,707$1,040
36 years$14,612$9,703$6,266$3,955$2,453$911
37 years$14,060$9,216$5,864$3,644$2,223$799
38 years$13,539$8,758$5,492$3,358$2,015$700
39 years$13,045$8,328$5,145$3,097$1,827$613
40 years$12,578$7,924$4,823$2,856$1,658$538
41 years$12,134$7,543$4,522$2,635$1,504$471
42 years$11,713$7,183$4,242$2,432$1,365$413
43 years$11,312$6,844$3,980$2,245$1,238$362
44 years$10,931$6,524$3,736$2,073$1,124$318
45 years$10,568$6,221$3,508$1,914$1,020$278
46 years$10,221$5,935$3,295$1,768$927$244
47 years$9,890$5,664$3,096$1,634$841$214
48 years$9,574$5,407$2,909$1,510$764$188
49 years$9,272$5,163$2,734$1,395$694$165
50 years$8,982$4,932$2,571$1,290$630$144

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $9,200,000, adding $2,870 every year, while hoping to spend $47,972 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 47/47/6 Blend
63$9,200,000$9,200,000$9,200,000$9,200,000
64$10,141,360$9,653,760$9,511,160$10,601,781
65$11,124,737$10,075,753$9,778,742$11,339,700
66$12,206,811$10,516,815$10,053,681$12,134,772
67$13,397,597$10,977,831$10,336,171$12,996,461
68$14,708,134$11,459,726$10,626,414$13,930,951
69$16,150,580$11,963,469$10,924,615$14,945,033
70$17,738,335$12,490,075$11,230,986$16,046,159
71$19,486,164$13,040,608$11,545,743$17,242,513
72$21,410,335$13,616,180$11,869,108$18,543,086
73$23,528,774$14,217,957$12,201,307$19,957,750
74$25,861,233$14,847,161$12,542,575$21,497,353
75$28,429,478$15,505,071$12,893,150$23,173,812
76$31,257,490$16,193,025$13,253,277$25,000,227
77$34,371,699$16,912,428$13,623,206$26,990,992
78$37,801,224$17,664,749$14,003,195$29,161,930
79$41,578,154$18,451,527$14,393,508$31,530,437
80$45,737,850$19,274,375$14,794,414$34,115,640
81$50,319,274$20,134,983$15,206,190$36,938,569
82$55,365,362$21,035,120$15,629,120$40,022,353
83$60,923,427$21,976,639$16,063,494$43,392,429
84$67,045,605$22,961,483$16,509,609$47,076,777
85$73,789,347$23,991,686$16,967,771$51,106,173
86$81,217,961$25,069,379$17,438,292$55,514,480
87$89,401,210$26,196,795$17,921,492$60,338,950
88$98,415,969$27,376,274$18,417,698$65,620,575
89$108,346,953$28,610,266$18,927,245$71,404,460
90$119,287,512$29,901,339$19,450,478$77,740,244
91$131,340,517$31,252,183$19,987,748$84,682,555
92$144,619,328$32,665,618$20,539,415$92,291,520
93$159,248,863$34,144,597$21,105,849$100,633,317
94$175,366,778$35,692,214$21,687,426$109,780,795
95$193,124,769$37,311,712$22,284,535$119,814,145
96$212,689,998$39,006,488$22,897,569$130,821,648
97$234,246,676$40,780,104$23,526,935$142,900,493
98$257,997,796$42,636,289$24,173,048$156,157,685
99$284,167,057$44,578,953$24,836,330$170,711,040
100$313,000,968$46,612,192$25,517,218$186,690,282