Can I retire at age 64 with 9,500,000?

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 $9,500,000?

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$784,501$777,513$770,696$764,041$757,543$752,769
2 years$388,367$381,134$374,124$367,327$360,735$355,919
3 years$256,339$249,075$242,083$235,350$228,865$224,157
4 years$190,339$183,097$176,174$169,557$163,228$158,664
5 years$150,748$143,550$136,719$130,236$124,084$119,677
6 years$124,364$117,219$110,489$104,151$98,183$93,939
7 years$105,525$98,441$91,817$85,628$79,849$75,770
8 years$91,402$84,382$77,868$71,831$66,243$62,329
9 years$80,423$73,470$67,068$61,184$55,786$52,036
10 years$71,646$64,760$58,471$52,741$47,532$43,945
11 years$64,469$57,652$51,477$45,901$40,879$37,451
12 years$58,492$51,745$45,685$40,261$35,425$32,154
13 years$53,439$46,763$40,816$35,545$30,891$27,774
14 years$49,111$42,506$36,673$31,552$27,079$24,111
15 years$45,364$38,830$33,111$28,139$23,843$21,021
16 years$42,089$35,626$30,020$25,196$21,072$18,392
17 years$39,201$32,810$27,317$22,638$18,684$16,141
18 years$36,638$30,318$24,937$20,401$16,613$14,203
19 years$34,347$28,098$22,829$18,434$14,808$12,526
20 years$32,287$26,110$20,951$16,696$13,226$11,069
21 years$30,427$24,321$19,271$15,153$11,836$9,798
22 years$28,737$22,702$17,761$13,777$10,609$8,686
23 years$27,197$21,233$16,399$12,547$9,524$7,711
24 years$25,787$19,894$15,167$11,444$8,560$6,852
25 years$24,492$18,670$14,047$10,451$7,703$6,096
26 years$23,299$17,546$13,028$9,556$6,938$5,428
27 years$22,196$16,513$12,098$8,747$6,256$4,837
28 years$21,173$15,560$11,246$8,014$5,644$4,313
29 years$20,223$14,679$10,466$7,349$5,097$3,848
30 years$19,338$13,863$9,748$6,745$4,605$3,436
31 years$18,511$13,105$9,088$6,194$4,164$3,069
32 years$17,738$12,400$8,479$5,693$3,766$2,742
33 years$17,013$11,743$7,917$5,235$3,408$2,451
34 years$16,332$11,130$7,397$4,817$3,086$2,192
35 years$15,692$10,557$6,916$4,434$2,795$1,961
36 years$15,088$10,020$6,470$4,084$2,533$1,755
37 years$14,519$9,516$6,056$3,762$2,295$1,570
38 years$13,980$9,044$5,671$3,468$2,081$1,406
39 years$13,471$8,600$5,313$3,198$1,887$1,259
40 years$12,988$8,182$4,980$2,949$1,712$1,127
41 years$12,530$7,789$4,670$2,721$1,553$1,010
42 years$12,095$7,418$4,380$2,511$1,409$904
43 years$11,681$7,068$4,110$2,318$1,279$810
44 years$11,287$6,737$3,858$2,140$1,161$726
45 years$10,912$6,424$3,623$1,977$1,054$650
46 years$10,554$6,128$3,403$1,826$957$583
47 years$10,213$5,848$3,197$1,687$869$522
48 years$9,886$5,583$3,004$1,559$789$468
49 years$9,574$5,332$2,823$1,441$717$420
50 years$9,275$5,093$2,654$1,332$651$376

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $9,500,000, adding $3,404 every year, while hoping to spend $54,826 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: 68/24/8 Blend
63$9,500,000$9,500,000$9,500,000$9,500,000
64$10,472,511$9,969,011$9,821,761$11,169,248
65$11,482,373$10,399,158$10,092,456$12,061,856
66$12,593,403$10,848,545$10,370,381$13,030,688
67$13,815,863$11,318,056$10,655,721$14,088,705
68$15,161,058$11,808,619$10,948,666$15,244,629
69$16,641,447$12,321,202$11,249,407$16,508,055
70$18,270,755$12,856,821$11,558,142$17,889,542
71$20,064,107$13,416,540$11,875,075$19,400,707
72$22,038,167$14,001,472$12,200,411$21,054,335
73$24,211,299$14,612,783$12,534,363$22,864,499
74$26,603,734$15,251,692$12,877,148$24,846,685
75$29,237,769$15,919,479$13,228,987$27,017,942
76$32,137,970$16,617,482$13,590,106$29,397,033
77$35,331,407$17,347,103$13,960,739$32,004,616
78$38,847,909$18,109,809$14,341,121$34,863,434
79$42,720,343$18,907,137$14,731,497$37,998,524
80$46,984,929$19,740,698$15,132,113$41,437,452
81$51,681,577$20,612,177$15,543,224$45,210,572
82$56,854,265$21,523,341$15,965,089$49,351,304
83$62,551,454$22,476,039$16,397,973$53,896,453
84$68,826,545$23,472,207$16,842,148$58,886,543
85$75,738,382$24,513,875$17,297,890$64,366,207
86$83,351,810$25,603,168$17,765,482$70,384,592
87$91,738,284$26,742,312$18,245,214$76,995,831
88$100,976,542$27,933,639$18,737,382$84,259,537
89$111,153,353$29,179,590$19,242,288$92,241,373
90$122,364,330$30,482,726$19,760,240$101,013,656
91$134,714,837$31,845,724$20,291,553$110,656,044
92$148,320,980$33,271,395$20,836,550$121,256,275
93$163,310,704$34,762,677$21,395,559$132,910,995
94$179,825,001$36,322,654$21,968,915$145,726,661
95$198,019,240$37,954,552$22,556,963$159,820,540
96$218,064,632$39,661,755$23,160,050$175,321,814
97$240,149,848$41,447,804$23,778,535$192,372,786
98$264,482,798$43,316,412$24,412,782$211,130,222
99$291,292,596$45,271,469$25,063,162$231,766,819
100$320,831,718$47,317,049$25,730,056$254,472,832