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

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$809,275$802,066$795,033$788,169$781,466$765,062
2 years$400,631$393,170$385,938$378,927$372,127$355,677
3 years$264,434$256,941$249,728$242,782$236,092$220,111
4 years$196,349$188,879$181,738$174,911$168,383$152,993
5 years$155,509$148,083$141,036$134,348$128,002$113,246
6 years$128,291$120,921$113,978$107,440$101,284$87,178
7 years$108,857$101,549$94,716$88,332$82,371$68,918
8 years$94,288$87,047$80,327$74,099$68,335$55,531
9 years$82,963$75,790$69,186$63,116$57,548$45,384
10 years$73,908$66,805$60,318$54,407$49,033$37,497
11 years$66,505$59,472$53,103$47,350$42,170$31,247
12 years$60,339$53,379$47,127$41,533$36,544$26,218
13 years$55,126$48,239$42,105$36,667$31,867$22,120
14 years$50,662$43,848$37,832$32,549$27,934$18,747
15 years$46,797$40,056$34,157$29,028$24,596$15,948
16 years$43,418$36,751$30,968$25,991$21,738$13,609
17 years$40,439$33,846$28,180$23,353$19,274$11,644
18 years$37,795$31,275$25,725$21,046$17,138$9,984
19 years$35,431$28,986$23,550$19,017$15,275$8,577
20 years$33,307$26,935$21,613$17,223$13,644$7,380
21 years$31,388$25,089$19,879$15,631$12,210$6,359
22 years$29,645$23,419$18,322$14,212$10,944$5,485
23 years$28,056$21,904$16,917$12,943$9,824$4,736
24 years$26,602$20,522$15,645$11,805$8,830$4,092
25 years$25,266$19,259$14,491$10,781$7,946$3,539
26 years$24,035$18,101$13,440$9,858$7,157$3,063
27 years$22,897$17,035$12,480$9,023$6,453$2,652
28 years$21,842$16,052$11,602$8,267$5,823$2,297
29 years$20,862$15,143$10,796$7,581$5,258$1,990
30 years$19,949$14,301$10,056$6,958$4,751$1,725
31 years$19,096$13,519$9,375$6,390$4,295$1,496
32 years$18,298$12,792$8,747$5,872$3,885$1,298
33 years$17,550$12,114$8,167$5,400$3,516$1,126
34 years$16,848$11,481$7,631$4,969$3,183$977
35 years$16,187$10,890$7,135$4,574$2,883$848
36 years$15,565$10,336$6,674$4,213$2,612$736
37 years$14,977$9,817$6,247$3,881$2,368$639
38 years$14,422$9,330$5,850$3,577$2,147$554
39 years$13,896$8,872$5,481$3,299$1,947$481
40 years$13,398$8,441$5,137$3,042$1,766$418
41 years$12,926$8,035$4,817$2,807$1,602$363
42 years$12,477$7,652$4,519$2,591$1,454$315
43 years$12,050$7,291$4,240$2,391$1,319$274
44 years$11,644$6,950$3,980$2,208$1,197$238
45 years$11,257$6,627$3,737$2,039$1,087$207
46 years$10,888$6,322$3,510$1,884$987$179
47 years$10,535$6,033$3,298$1,740$896$156
48 years$10,198$5,759$3,099$1,608$814$135
49 years$9,876$5,500$2,913$1,486$739$118
50 years$9,568$5,254$2,738$1,374$671$102

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 $2,909 every year, while hoping to spend $43,635 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: 77/12/11 Blend
63$9,800,000$9,800,000$9,800,000$9,800,000
64$10,802,601$10,283,201$10,131,301$11,612,401
65$11,858,039$10,740,650$10,424,272$12,603,227
66$13,019,669$11,219,052$10,725,595$13,683,523
67$14,298,277$11,719,388$11,035,504$14,866,820
68$15,705,747$12,242,683$11,354,239$16,163,359
69$17,255,173$12,790,015$11,682,047$17,584,416
70$18,960,986$13,362,511$12,019,181$19,142,405
71$20,839,084$13,961,351$12,365,900$20,850,996
72$22,906,986$14,587,773$12,722,474$22,725,239
73$25,183,997$15,243,073$13,089,175$24,781,712
74$27,691,389$15,928,607$13,466,287$27,038,667
75$30,452,602$16,645,800$13,854,098$29,516,205
76$33,493,464$17,396,141$14,252,907$32,236,465
77$36,842,437$18,181,192$14,663,019$35,223,830
78$40,530,883$19,002,588$15,084,748$38,505,153
79$44,593,362$19,862,044$15,518,417$42,110,012
80$49,067,957$20,761,355$15,964,355$46,070,985
81$53,996,631$21,702,405$16,422,904$50,423,957
82$59,425,628$22,687,163$16,894,412$55,208,454
83$65,405,905$23,717,697$17,379,237$60,468,018
84$71,993,615$24,796,171$17,877,749$66,250,609
85$79,250,634$25,924,854$18,390,324$72,609,064
86$87,245,150$27,106,123$18,917,351$79,601,583
87$96,052,302$28,342,470$19,459,229$87,292,285
88$105,754,889$29,636,504$20,016,366$95,751,805
89$116,444,156$30,990,961$20,589,183$105,057,959
90$128,220,650$32,408,708$21,178,110$115,296,474
91$141,195,171$33,892,749$21,783,591$126,561,799
92$155,489,817$35,446,232$22,406,080$138,957,987
93$171,239,139$37,072,458$23,046,044$152,599,677
94$188,591,406$38,774,883$23,703,961$167,613,173
95$207,710,009$40,557,132$24,380,324$184,137,632
96$228,775,002$42,423,003$25,075,637$202,326,370
97$251,984,799$44,376,477$25,790,417$222,348,311
98$277,558,049$46,421,726$26,525,198$244,389,574
99$305,735,702$48,563,122$27,280,523$268,655,226
100$336,783,277$50,805,249$28,056,954$295,371,213