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%16%
1 years$759,727$752,960$746,358$739,913$733,621$715,595
2 years$376,103$369,098$362,310$355,728$349,343$331,294
3 years$248,244$241,210$234,438$227,918$221,638$204,129
4 years$184,328$177,315$170,611$164,202$158,074$141,241
5 years$145,988$139,017$132,401$126,123$120,165$104,054
6 years$120,436$113,518$107,000$100,862$95,083$79,710
7 years$102,192$95,332$88,917$82,924$77,328$62,695
8 years$88,516$81,717$75,409$69,563$64,151$50,252
9 years$77,884$71,149$64,950$59,252$54,024$40,848
10 years$69,383$62,715$56,625$51,076$46,031$33,562
11 years$62,433$55,831$49,851$44,451$39,588$27,809
12 years$56,645$50,111$44,242$38,990$34,307$23,196
13 years$51,751$45,286$39,527$34,422$29,916$19,453
14 years$47,560$41,164$35,515$30,556$26,224$16,386
15 years$43,932$37,604$32,066$27,251$23,090$13,852
16 years$40,759$34,501$29,072$24,400$20,407$11,746
17 years$37,963$31,774$26,455$21,923$18,094$9,984
18 years$35,481$29,360$24,150$19,757$16,088$8,505
19 years$33,262$27,211$22,108$17,852$14,340$7,257
20 years$31,268$25,286$20,289$16,169$12,809$6,202
21 years$29,466$23,553$18,662$14,674$11,462$5,307
22 years$27,830$21,986$17,200$13,342$10,274$4,546
23 years$26,338$20,563$15,881$12,151$9,223$3,898
24 years$24,973$19,266$14,688$11,082$8,290$3,344
25 years$23,719$18,080$13,604$10,121$7,460$2,871
26 years$22,563$16,992$12,617$9,254$6,719$2,467
27 years$21,495$15,992$11,716$8,471$6,058$2,120
28 years$20,505$15,069$10,891$7,761$5,466$1,823
29 years$19,585$14,216$10,135$7,117$4,936$1,568
30 years$18,727$13,425$9,441$6,532$4,460$1,349
31 years$17,927$12,691$8,801$5,999$4,032$1,161
32 years$17,178$12,009$8,212$5,513$3,647$1,000
33 years$16,476$11,372$7,667$5,070$3,301$861
34 years$15,817$10,778$7,164$4,664$2,989$741
35 years$15,196$10,223$6,698$4,294$2,707$639
36 years$14,612$9,703$6,266$3,955$2,453$550
37 years$14,060$9,216$5,864$3,644$2,223$474
38 years$13,539$8,758$5,492$3,358$2,015$408
39 years$13,045$8,328$5,145$3,097$1,827$352
40 years$12,578$7,924$4,823$2,856$1,658$303
41 years$12,134$7,543$4,522$2,635$1,504$261
42 years$11,713$7,183$4,242$2,432$1,365$225
43 years$11,312$6,844$3,980$2,245$1,238$194
44 years$10,931$6,524$3,736$2,073$1,124$167
45 years$10,568$6,221$3,508$1,914$1,020$144
46 years$10,221$5,935$3,295$1,768$927$124
47 years$9,890$5,664$3,096$1,634$841$107
48 years$9,574$5,407$2,909$1,510$764$92
49 years$9,272$5,163$2,734$1,395$694$80
50 years$8,982$4,932$2,571$1,290$630$69

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 $3,834 every year, while hoping to spend $51,814 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: 57/19/24 Blend
63$9,200,000$9,200,000$9,200,000$9,200,000
64$10,142,355$9,654,755$9,512,155$10,654,204
65$11,121,745$10,072,708$9,775,682$11,422,526
66$12,199,297$10,509,404$10,046,301$12,253,673
67$13,384,968$10,965,708$10,324,195$13,158,450
68$14,689,729$11,442,522$10,609,550$14,143,976
69$16,125,670$11,940,795$10,902,559$15,218,080
70$17,706,112$12,461,516$11,203,417$16,389,377
71$19,445,730$13,005,726$11,512,327$17,667,342
72$21,360,698$13,574,509$11,829,493$19,062,402
73$23,468,834$14,169,006$12,155,127$20,586,029
74$25,789,775$14,790,407$12,489,443$22,250,849
75$28,345,157$15,439,961$12,832,664$24,070,754
76$31,158,819$16,118,976$13,185,014$26,061,038
77$34,257,032$16,828,819$13,546,726$28,238,532
78$37,668,743$17,570,925$13,918,035$30,621,763
79$41,425,850$18,346,795$14,299,184$33,231,127
80$45,563,501$19,158,003$14,690,421$36,089,078
81$50,120,427$20,006,194$15,091,999$39,220,335
82$55,139,307$20,893,094$15,504,178$42,652,114
83$60,667,171$21,820,510$15,927,222$46,414,384
84$66,755,842$22,790,334$16,361,404$50,540,141
85$73,462,427$23,804,550$16,807,000$55,065,720
86$80,849,854$24,865,233$17,264,294$60,031,135
87$88,987,469$25,974,558$17,733,577$65,480,448
88$97,951,684$27,134,805$18,215,146$71,462,187
89$107,826,705$28,348,360$18,709,303$78,029,794
90$118,705,323$29,617,723$19,216,358$85,242,132
91$130,689,789$30,945,515$19,736,629$93,164,029
92$143,892,781$32,334,479$20,270,440$101,866,891
93$158,438,466$33,787,490$20,818,121$111,429,367
94$174,463,673$35,307,560$21,380,011$121,938,089
95$192,119,182$36,897,845$21,956,456$133,488,484
96$211,571,149$38,561,650$22,547,808$146,185,668
97$233,002,676$40,302,440$23,154,429$160,145,433
98$256,615,533$42,123,844$23,776,687$175,495,335
99$282,632,069$44,029,664$24,414,957$192,375,892
100$311,297,307$46,023,884$25,069,625$210,941,903