Can I retire at age 64 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$817,533$810,251$803,146$796,211$789,440$785,123
2 years$404,719$397,182$389,877$382,794$375,924$371,568
3 years$267,133$259,563$252,276$245,260$238,501$234,241
4 years$198,353$190,806$183,592$176,696$170,101$165,970
5 years$157,096$149,594$142,475$135,719$129,308$125,318
6 years$129,600$122,155$115,141$108,536$102,317$98,472
7 years$109,968$102,586$95,683$89,233$83,211$79,514
8 years$95,251$87,935$81,147$74,856$69,032$65,483
9 years$83,810$76,563$69,892$63,760$58,135$54,733
10 years$74,662$67,487$60,933$54,962$49,534$46,278
11 years$67,183$60,079$53,644$47,833$42,601$39,488
12 years$60,955$53,924$47,608$41,956$36,917$33,945
13 years$55,689$48,731$42,535$37,041$32,192$29,358
14 years$51,179$44,296$38,218$32,881$28,219$25,520
15 years$47,274$40,465$34,505$29,324$24,847$22,278
16 years$43,861$37,126$31,284$26,257$21,960$19,519
17 years$40,852$34,191$28,467$23,591$19,471$17,154
18 years$38,180$31,594$25,987$21,261$17,313$15,116
19 years$35,793$29,281$23,790$19,211$15,431$13,350
20 years$33,647$27,210$21,833$17,399$13,783$11,814
21 years$31,708$25,345$20,082$15,791$12,335$10,473
22 years$29,947$23,658$18,509$14,357$11,056$9,298
23 years$28,342$22,127$17,090$13,076$9,925$8,266
24 years$26,873$20,732$15,805$11,926$8,920$7,358
25 years$25,524$19,456$14,639$10,891$8,027$6,555
26 years$24,280$18,285$13,577$9,958$7,231$5,846
27 years$23,131$17,209$12,607$9,115$6,519$5,218
28 years$22,065$16,216$11,720$8,351$5,882$4,660
29 years$21,075$15,297$10,906$7,658$5,311$4,165
30 years$20,152$14,447$10,159$7,029$4,799$3,724
31 years$19,291$13,657$9,471$6,455$4,339$3,332
32 years$18,485$12,922$8,836$5,932$3,925$2,982
33 years$17,729$12,238$8,251$5,455$3,552$2,670
34 years$17,020$11,599$7,709$5,019$3,216$2,392
35 years$16,352$11,001$7,207$4,621$2,913$2,143
36 years$15,723$10,442$6,742$4,255$2,639$1,921
37 years$15,130$9,917$6,311$3,921$2,392$1,722
38 years$14,569$9,425$5,910$3,614$2,169$1,544
39 years$14,038$8,962$5,537$3,332$1,966$1,385
40 years$13,535$8,527$5,190$3,074$1,784$1,242
41 years$13,058$8,117$4,866$2,836$1,618$1,115
42 years$12,604$7,730$4,565$2,617$1,468$1,000
43 years$12,173$7,365$4,283$2,416$1,333$898
44 years$11,763$7,020$4,021$2,231$1,210$806
45 years$11,372$6,695$3,775$2,060$1,098$723
46 years$10,999$6,386$3,546$1,903$997$649
47 years$10,643$6,095$3,331$1,758$905$583
48 years$10,302$5,818$3,130$1,624$822$523
49 years$9,977$5,556$2,942$1,501$747$470
50 years$9,666$5,307$2,766$1,388$678$422

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $9,900,000, adding $4,139 every year, while hoping to spend $34,797 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: 30/50/20 Blend
63$9,900,000$9,900,000$9,900,000$9,900,000
64$10,914,069$10,389,369$10,235,919$11,172,916
65$11,990,281$10,861,425$10,541,799$11,842,082
66$13,175,099$11,355,445$10,856,759$12,558,071
67$14,479,567$11,872,468$11,181,068$13,327,616
68$15,915,848$12,413,585$11,515,000$14,155,367
69$17,497,351$12,979,937$11,858,838$15,046,414
70$19,238,847$13,572,720$12,212,875$16,006,328
71$21,156,613$14,193,187$12,577,411$17,041,210
72$23,268,587$14,842,653$12,952,753$18,157,743
73$25,594,533$15,522,493$13,339,221$19,363,250
74$28,156,231$16,234,151$13,737,140$20,665,754
75$30,977,681$16,979,138$14,146,848$22,074,053
76$34,085,328$17,759,039$14,568,691$23,597,792
77$37,508,314$18,575,515$15,003,025$25,247,551
78$41,278,753$19,430,307$15,450,217$27,034,936
79$45,432,031$20,325,237$15,910,645$28,972,679
80$50,007,144$21,262,219$16,384,697$31,074,756
81$55,047,061$22,243,256$16,872,773$33,356,506
82$60,599,134$23,270,448$17,375,283$35,834,771
83$66,715,542$24,345,997$17,892,652$38,528,043
84$73,453,786$25,472,209$18,425,314$41,456,632
85$80,877,228$26,651,504$18,973,719$44,642,847
86$89,055,693$27,886,415$19,538,326$48,111,197
87$98,066,124$29,179,600$20,119,610$51,888,611
88$107,993,312$30,533,844$20,718,061$56,004,683
89$118,930,694$31,952,066$21,334,179$60,491,937
90$130,981,233$33,437,325$21,968,482$65,386,126
91$144,258,394$34,992,830$22,621,503$70,726,554
92$158,887,215$36,621,943$23,293,787$76,556,434
93$175,005,480$38,328,187$23,985,898$82,923,284
94$192,765,029$40,115,259$24,698,416$89,879,359
95$212,333,185$41,987,030$25,431,936$97,482,131
96$233,894,337$43,947,560$26,187,073$105,794,815
97$257,651,675$46,001,107$26,964,455$114,886,950
98$283,829,116$48,152,131$27,764,734$124,835,036
99$312,673,410$50,405,310$28,588,577$135,723,241
100$344,456,474$52,765,546$29,436,671$147,644,174