Can I retire at age 64 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$767,985$761,144$754,470$747,956$741,595$736,921
2 years$380,191$373,110$366,248$359,594$353,141$348,426
3 years$250,943$243,832$236,987$230,396$224,047$219,438
4 years$186,331$179,242$172,466$165,987$159,792$155,324
5 years$147,575$140,528$133,840$127,494$121,471$117,157
6 years$121,745$114,752$108,163$101,958$96,116$91,961
7 years$103,303$96,368$89,884$83,825$78,168$74,175
8 years$89,478$82,605$76,229$70,319$64,848$61,016
9 years$78,730$71,923$65,656$59,896$54,611$50,940
10 years$70,137$63,396$57,240$51,631$46,532$43,019
11 years$63,111$56,438$50,393$44,934$40,019$36,663
12 years$57,261$50,656$44,723$39,414$34,679$31,477
13 years$52,314$45,778$39,957$34,796$30,241$27,189
14 years$48,077$41,611$35,901$30,888$26,509$23,604
15 years$44,409$38,012$32,414$27,547$23,341$20,578
16 years$41,203$34,876$29,388$24,665$20,629$18,005
17 years$38,376$32,119$26,742$22,162$18,291$15,802
18 years$35,867$29,680$24,412$19,972$16,263$13,904
19 years$33,624$27,507$22,348$18,046$14,496$12,263
20 years$31,608$25,561$20,510$16,344$12,948$10,836
21 years$29,786$23,809$18,865$14,834$11,587$9,592
22 years$28,132$22,225$17,387$13,487$10,386$8,504
23 years$26,625$20,786$16,054$12,283$9,323$7,548
24 years$25,245$19,475$14,847$11,203$8,380$6,708
25 years$23,977$18,277$13,752$10,231$7,541$5,968
26 years$22,809$17,177$12,754$9,355$6,792$5,314
27 years$21,729$16,166$11,843$8,563$6,124$4,735
28 years$20,728$15,233$11,010$7,845$5,526$4,222
29 years$19,797$14,370$10,245$7,194$4,990$3,767
30 years$18,931$13,571$9,543$6,603$4,508$3,363
31 years$18,122$12,829$8,897$6,064$4,076$3,004
32 years$17,365$12,139$8,301$5,573$3,687$2,685
33 years$16,655$11,496$7,751$5,125$3,337$2,400
34 years$15,988$10,896$7,242$4,715$3,021$2,146
35 years$15,361$10,334$6,771$4,341$2,736$1,920
36 years$14,771$9,809$6,334$3,998$2,479$1,718
37 years$14,213$9,316$5,928$3,683$2,247$1,537
38 years$13,686$8,854$5,551$3,395$2,037$1,376
39 years$13,187$8,419$5,201$3,130$1,847$1,232
40 years$12,715$8,010$4,875$2,887$1,676$1,103
41 years$12,266$7,625$4,571$2,664$1,520$988
42 years$11,840$7,261$4,288$2,458$1,379$885
43 years$11,435$6,919$4,024$2,269$1,252$793
44 years$11,050$6,595$3,777$2,095$1,136$711
45 years$10,682$6,289$3,546$1,935$1,032$637
46 years$10,332$5,999$3,331$1,788$937$571
47 years$9,998$5,725$3,129$1,651$850$511
48 years$9,678$5,466$2,941$1,526$772$458
49 years$9,372$5,219$2,764$1,410$701$411
50 years$9,080$4,986$2,599$1,304$637$368

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $9,300,000, adding $3,028 every year, while hoping to spend $43,417 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: 75/13/12 Blend
63$9,300,000$9,300,000$9,300,000$9,300,000
64$10,251,723$9,758,823$9,614,673$10,996,001
65$11,251,204$10,190,810$9,890,570$11,919,483
66$12,351,176$10,642,510$10,174,253$12,925,517
67$13,561,845$11,114,841$10,465,939$14,026,852
68$14,894,453$11,608,768$10,765,848$15,232,939
69$16,361,390$12,125,301$11,074,207$16,554,184
70$17,976,308$12,665,497$11,391,249$18,002,042
71$19,754,248$13,230,463$11,717,213$19,589,128
72$21,711,785$13,821,359$12,052,343$21,329,328
73$23,867,183$14,439,402$12,396,892$23,237,935
74$26,240,567$15,085,863$12,751,119$25,331,788
75$28,854,112$15,762,078$13,115,289$27,629,429
76$31,732,254$16,469,443$13,489,674$30,151,281
77$34,901,920$17,209,422$13,874,554$32,919,832
78$38,392,781$17,983,548$14,270,217$35,959,849
79$42,237,532$18,793,429$14,676,956$39,298,613
80$46,472,201$19,640,748$15,095,075$42,966,166
81$51,136,489$20,527,269$15,524,884$46,995,601
82$56,274,145$21,454,838$15,966,701$51,423,368
83$61,933,376$22,425,394$16,420,854$56,289,615
84$68,167,305$23,440,963$16,887,678$61,638,567
85$75,034,472$24,503,672$17,367,517$67,518,940
86$82,599,385$25,615,749$17,860,725$73,984,397
87$90,933,127$26,779,526$18,367,665$81,094,053
88$100,114,032$27,997,449$18,888,708$88,913,029
89$110,228,420$29,272,080$19,424,236$97,513,066
90$121,371,413$30,606,106$19,974,642$106,973,198
91$133,647,831$32,002,339$20,540,326$117,380,492
92$147,173,184$33,463,728$21,121,701$128,830,872
93$162,074,762$34,993,363$21,719,191$141,430,015
94$178,492,832$36,594,483$22,333,229$155,294,350
95$196,581,969$38,270,481$22,964,260$170,552,148
96$216,512,509$40,024,913$23,612,742$187,344,736
97$238,472,157$41,861,506$24,279,141$205,827,820
98$262,667,764$43,784,167$24,963,939$226,172,952
99$289,327,273$45,796,989$25,667,628$248,569,148
100$318,701,876$47,904,261$26,390,714$273,224,666