Can I retire at age 64 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$809,275$802,066$795,033$788,169$781,466$761,647
2 years$400,631$393,170$385,938$378,927$372,127$352,288
3 years$264,434$256,941$249,728$242,782$236,092$216,855
4 years$196,349$188,879$181,738$174,911$168,383$149,894
5 years$155,509$148,083$141,036$134,348$128,002$110,313
6 years$128,291$120,921$113,978$107,440$101,284$84,413
7 years$108,857$101,549$94,716$88,332$82,371$66,319
8 years$94,288$87,047$80,327$74,099$68,335$53,095
9 years$82,963$75,790$69,186$63,116$57,548$43,106
10 years$73,908$66,805$60,318$54,407$49,033$35,374
11 years$66,505$59,472$53,103$47,350$42,170$29,272
12 years$60,339$53,379$47,127$41,533$36,544$24,385
13 years$55,126$48,239$42,105$36,667$31,867$20,422
14 years$50,662$43,848$37,832$32,549$27,934$17,179
15 years$46,797$40,056$34,157$29,028$24,596$14,502
16 years$43,418$36,751$30,968$25,991$21,738$12,279
17 years$40,439$33,846$28,180$23,353$19,274$10,423
18 years$37,795$31,275$25,725$21,046$17,138$8,865
19 years$35,431$28,986$23,550$19,017$15,275$7,554
20 years$33,307$26,935$21,613$17,223$13,644$6,446
21 years$31,388$25,089$19,879$15,631$12,210$5,507
22 years$29,645$23,419$18,322$14,212$10,944$4,710
23 years$28,056$21,904$16,917$12,943$9,824$4,032
24 years$26,602$20,522$15,645$11,805$8,830$3,454
25 years$25,266$19,259$14,491$10,781$7,946$2,961
26 years$24,035$18,101$13,440$9,858$7,157$2,540
27 years$22,897$17,035$12,480$9,023$6,453$2,179
28 years$21,842$16,052$11,602$8,267$5,823$1,871
29 years$20,862$15,143$10,796$7,581$5,258$1,607
30 years$19,949$14,301$10,056$6,958$4,751$1,380
31 years$19,096$13,519$9,375$6,390$4,295$1,186
32 years$18,298$12,792$8,747$5,872$3,885$1,019
33 years$17,550$12,114$8,167$5,400$3,516$876
34 years$16,848$11,481$7,631$4,969$3,183$753
35 years$16,187$10,890$7,135$4,574$2,883$648
36 years$15,565$10,336$6,674$4,213$2,612$557
37 years$14,977$9,817$6,247$3,881$2,368$479
38 years$14,422$9,330$5,850$3,577$2,147$412
39 years$13,896$8,872$5,481$3,299$1,947$354
40 years$13,398$8,441$5,137$3,042$1,766$305
41 years$12,926$8,035$4,817$2,807$1,602$262
42 years$12,477$7,652$4,519$2,591$1,454$226
43 years$12,050$7,291$4,240$2,391$1,319$194
44 years$11,644$6,950$3,980$2,208$1,197$167
45 years$11,257$6,627$3,737$2,039$1,087$144
46 years$10,888$6,322$3,510$1,884$987$124
47 years$10,535$6,033$3,298$1,740$896$106
48 years$10,198$5,759$3,099$1,608$814$92
49 years$9,876$5,500$2,913$1,486$739$79
50 years$9,568$5,254$2,738$1,374$671$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $9,800,000, adding $6,179 every year, while hoping to spend $25,676 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: 88/5/7 Blend
63$9,800,000$9,800,000$9,800,000$9,800,000
64$10,805,974$10,286,574$10,134,674$11,751,322
65$11,880,864$10,763,297$10,446,866$12,844,483
66$13,064,532$11,262,519$10,768,657$14,041,903
67$14,368,047$11,785,315$11,100,339$15,357,500
68$15,803,605$12,332,812$11,442,218$16,803,183
69$17,384,646$12,906,193$11,794,605$18,392,069
70$19,125,978$13,506,695$12,157,822$20,138,609
71$21,043,921$14,135,616$12,532,203$22,058,720
72$23,156,458$14,794,318$12,918,089$24,169,938
73$25,483,405$15,484,228$13,315,832$26,491,579
74$28,046,597$16,206,840$13,725,798$29,044,924
75$30,870,097$16,963,722$14,148,359$31,853,418
76$33,980,421$17,756,518$14,583,903$34,942,888
77$37,406,787$18,586,951$15,032,827$38,341,789
78$41,181,394$19,456,827$15,495,542$42,081,470
79$45,339,723$20,368,038$15,972,469$46,196,470
80$49,920,874$21,322,570$16,464,046$50,724,840
81$54,967,931$22,322,505$16,970,719$55,708,506
82$60,528,375$23,370,022$17,492,953$61,193,659
83$66,654,526$24,467,410$18,031,224$67,231,192
84$73,404,040$25,617,066$18,586,023$73,877,180
85$80,840,454$26,821,503$19,157,856$81,193,405
86$89,033,782$28,083,359$19,747,245$89,247,941
87$98,061,178$29,405,394$20,354,729$98,115,795
88$108,007,667$30,790,507$20,980,861$107,879,609
89$118,966,941$32,241,733$21,626,212$118,630,445
90$131,042,249$33,762,259$22,291,370$130,468,640
91$144,347,371$35,355,422$22,976,943$143,504,751
92$159,007,687$37,024,722$23,683,556$157,860,596
93$175,161,368$38,773,830$24,411,851$173,670,407
94$192,960,673$40,606,593$25,162,494$191,082,089
95$212,573,392$42,527,047$25,936,168$210,258,618
96$234,184,427$44,539,421$26,733,578$231,379,579
97$257,997,536$46,648,150$27,555,450$254,642,854
98$284,237,260$48,857,885$28,402,534$280,266,491
99$313,151,042$51,173,503$29,275,600$308,490,763
100$345,011,560$53,600,116$30,175,444$339,580,427