Can I retire at age 64 with 9,600,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$792,759$785,698$778,808$772,084$765,517$747,619
2 years$392,455$385,146$378,062$371,194$364,532$346,601
3 years$259,038$251,697$244,631$237,828$231,274$213,871
4 years$192,342$185,024$178,029$171,341$164,947$148,206
5 years$152,335$145,061$138,158$131,607$125,390$109,358
6 years$125,673$118,453$111,652$105,247$99,217$83,910
7 years$106,636$99,477$92,783$86,529$80,690$66,111
8 years$92,364$85,270$78,688$72,587$66,940$53,083
9 years$81,270$74,243$67,774$61,828$56,373$43,227
10 years$72,400$65,441$59,087$53,297$48,033$35,583
11 years$65,147$58,259$52,019$46,384$41,310$29,539
12 years$59,108$52,290$46,165$40,685$35,798$24,688
13 years$54,001$47,255$41,246$35,919$31,217$20,746
14 years$49,628$42,953$37,060$31,885$27,364$17,511
15 years$45,842$39,239$33,460$28,435$24,094$14,834
16 years$42,532$36,001$30,336$25,461$21,294$12,605
17 years$39,614$33,155$27,605$22,876$18,881$10,738
18 years$37,024$30,637$25,200$20,616$16,788$9,167
19 years$34,708$28,394$23,069$18,629$14,963$7,840
20 years$32,627$26,385$21,172$16,872$13,366$6,715
21 years$30,747$24,577$19,474$15,312$11,961$5,759
22 years$29,040$22,941$17,948$13,922$10,721$4,945
23 years$27,483$21,457$16,572$12,679$9,624$4,250
24 years$26,059$20,104$15,326$11,564$8,650$3,655
25 years$24,750$18,866$14,195$10,561$7,784$3,146
26 years$23,544$17,731$13,165$9,657$7,011$2,709
27 years$22,430$16,687$12,225$8,839$6,321$2,334
28 years$21,396$15,724$11,365$8,098$5,704$2,012
29 years$20,436$14,834$10,576$7,426$5,150$1,735
30 years$19,541$14,009$9,851$6,816$4,654$1,497
31 years$18,706$13,243$9,184$6,260$4,207$1,291
32 years$17,925$12,531$8,569$5,753$3,806$1,114
33 years$17,192$11,867$8,001$5,290$3,444$962
34 years$16,504$11,247$7,475$4,867$3,118$830
35 years$15,857$10,668$6,989$4,481$2,825$717
36 years$15,247$10,125$6,538$4,127$2,559$619
37 years$14,671$9,617$6,119$3,802$2,319$535
38 years$14,127$9,139$5,731$3,504$2,103$462
39 years$13,613$8,690$5,369$3,231$1,907$399
40 years$13,125$8,268$5,032$2,980$1,730$345
41 years$12,662$7,871$4,719$2,750$1,569$298
42 years$12,222$7,496$4,426$2,538$1,424$257
43 years$11,804$7,142$4,153$2,343$1,292$222
44 years$11,406$6,808$3,899$2,163$1,173$192
45 years$11,027$6,492$3,661$1,998$1,065$166
46 years$10,665$6,193$3,438$1,845$967$143
47 years$10,320$5,910$3,230$1,705$878$124
48 years$9,990$5,642$3,036$1,575$797$107
49 years$9,675$5,388$2,853$1,456$724$93
50 years$9,373$5,146$2,682$1,346$658$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $9,600,000, adding $3,744 every year, while hoping to spend $23,257 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: 28/48/24 Blend
63$9,600,000$9,600,000$9,600,000$9,600,000
64$10,583,062$10,074,262$9,925,462$10,799,781
65$11,637,789$10,543,156$10,233,220$11,439,381
66$12,799,319$11,034,245$10,550,508$12,123,804
67$14,078,520$11,548,595$10,877,621$12,858,685
68$15,487,371$12,087,318$11,214,863$13,648,357
69$17,039,070$12,651,583$11,562,547$14,497,559
70$18,748,159$13,242,614$11,920,997$15,411,474
71$20,630,665$13,861,696$12,290,544$16,395,777
72$22,704,247$14,510,174$12,671,532$17,456,680
73$24,988,367$15,189,459$13,064,315$18,600,986
74$27,504,468$15,901,030$13,469,257$19,836,146
75$30,276,180$16,646,437$13,886,734$21,170,326
76$33,329,545$17,427,306$14,317,133$22,612,476
77$36,693,256$18,245,342$14,760,855$24,172,407
78$40,398,935$19,102,331$15,218,310$25,860,877
79$44,481,426$20,000,145$15,689,924$27,689,687
80$48,979,129$20,940,749$16,176,133$29,671,783
81$53,934,356$21,926,201$16,677,389$31,821,369
82$59,393,735$22,958,661$17,194,157$34,154,035
83$65,408,651$24,040,390$17,726,916$36,686,895
84$72,035,726$25,173,761$18,276,160$39,438,736
85$79,337,357$26,361,263$18,842,399$42,430,193
86$87,382,306$27,605,503$19,426,158$45,683,925
87$96,246,344$28,909,215$20,027,977$49,224,823
88$106,012,972$30,275,268$20,648,415$53,080,234
89$116,774,205$31,706,666$21,288,047$57,280,208
90$128,631,443$33,206,562$21,947,466$61,857,766
91$141,696,427$34,778,260$22,627,282$66,849,202
92$156,092,293$36,425,226$23,328,127$72,294,413
93$171,954,737$38,151,092$24,050,650$78,237,260
94$189,433,293$39,959,668$24,795,519$84,725,966
95$208,692,746$41,854,948$25,563,425$91,813,561
96$229,914,686$43,841,121$26,355,080$99,558,361
97$253,299,225$45,922,577$27,171,216$108,024,507
98$279,066,884$48,103,922$28,012,591$117,282,547
99$307,460,676$50,389,983$28,879,982$127,410,091
100$338,748,397$52,785,824$29,774,193$138,492,519