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

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$817,533$810,251$803,146$796,211$789,440$785,783
2 years$404,719$397,182$389,877$382,794$375,924$372,233
3 years$267,133$259,563$252,276$245,260$238,501$234,890
4 years$198,353$190,806$183,592$176,696$170,101$166,598
5 years$157,096$149,594$142,475$135,719$129,308$125,923
6 years$129,600$122,155$115,141$108,536$102,317$99,054
7 years$109,968$102,586$95,683$89,233$83,211$80,072
8 years$95,251$87,935$81,147$74,856$69,032$66,017
9 years$83,810$76,563$69,892$63,760$58,135$55,244
10 years$74,662$67,487$60,933$54,962$49,534$46,765
11 years$67,183$60,079$53,644$47,833$42,601$39,953
12 years$60,955$53,924$47,608$41,956$36,917$34,387
13 years$55,689$48,731$42,535$37,041$32,192$29,779
14 years$51,179$44,296$38,218$32,881$28,219$25,919
15 years$47,274$40,465$34,505$29,324$24,847$22,657
16 years$43,861$37,126$31,284$26,257$21,960$19,878
17 years$40,852$34,191$28,467$23,591$19,471$17,493
18 years$38,180$31,594$25,987$21,261$17,313$15,436
19 years$35,793$29,281$23,790$19,211$15,431$13,653
20 years$33,647$27,210$21,833$17,399$13,783$12,099
21 years$31,708$25,345$20,082$15,791$12,335$10,742
22 years$29,947$23,658$18,509$14,357$11,056$9,551
23 years$28,342$22,127$17,090$13,076$9,925$8,504
24 years$26,873$20,732$15,805$11,926$8,920$7,580
25 years$25,524$19,456$14,639$10,891$8,027$6,764
26 years$24,280$18,285$13,577$9,958$7,231$6,042
27 years$23,131$17,209$12,607$9,115$6,519$5,401
28 years$22,065$16,216$11,720$8,351$5,882$4,831
29 years$21,075$15,297$10,906$7,658$5,311$4,324
30 years$20,152$14,447$10,159$7,029$4,799$3,873
31 years$19,291$13,657$9,471$6,455$4,339$3,471
32 years$18,485$12,922$8,836$5,932$3,925$3,112
33 years$17,729$12,238$8,251$5,455$3,552$2,791
34 years$17,020$11,599$7,709$5,019$3,216$2,504
35 years$16,352$11,001$7,207$4,621$2,913$2,247
36 years$15,723$10,442$6,742$4,255$2,639$2,018
37 years$15,130$9,917$6,311$3,921$2,392$1,812
38 years$14,569$9,425$5,910$3,614$2,169$1,627
39 years$14,038$8,962$5,537$3,332$1,966$1,462
40 years$13,535$8,527$5,190$3,074$1,784$1,314
41 years$13,058$8,117$4,866$2,836$1,618$1,181
42 years$12,604$7,730$4,565$2,617$1,468$1,061
43 years$12,173$7,365$4,283$2,416$1,333$954
44 years$11,763$7,020$4,021$2,231$1,210$858
45 years$11,372$6,695$3,775$2,060$1,098$771
46 years$10,999$6,386$3,546$1,903$997$694
47 years$10,643$6,095$3,331$1,758$905$624
48 years$10,302$5,818$3,130$1,624$822$561
49 years$9,977$5,556$2,942$1,501$747$505
50 years$9,666$5,307$2,766$1,388$678$454

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 $2,629 every year, while hoping to spend $20,959 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: 47/36/17 Blend
63$9,900,000$9,900,000$9,900,000$9,900,000
64$10,912,512$10,387,812$10,234,362$11,372,813
65$12,003,288$10,874,514$10,554,913$12,179,669
66$13,204,620$11,384,363$10,885,500$13,052,559
67$14,527,765$11,918,469$11,226,437$13,999,521
68$15,985,122$12,478,000$11,578,048$15,027,475
69$17,590,359$13,064,176$11,940,667$16,144,021
70$19,358,534$13,678,280$12,314,638$17,357,501
71$21,306,244$14,321,655$12,700,317$18,677,082
72$23,451,773$14,995,708$13,098,071$20,112,831
73$25,815,274$15,701,918$13,508,276$21,675,809
74$28,418,952$16,441,832$13,931,323$23,378,170
75$31,287,276$17,217,072$14,367,613$25,233,272
76$34,447,211$18,029,342$14,817,561$27,255,797
77$37,928,472$18,880,425$15,281,595$29,461,882
78$41,763,802$19,772,192$15,760,154$31,869,273
79$45,989,285$20,706,604$16,253,694$34,497,478
80$50,644,682$21,685,718$16,762,683$37,367,952
81$55,773,811$22,711,690$17,287,605$40,504,287
82$61,424,958$23,786,780$17,828,957$43,932,434
83$67,651,331$24,913,360$18,387,255$47,680,938
84$74,511,567$26,093,915$18,963,028$51,781,202
85$82,070,281$27,331,051$19,556,824$56,267,771
86$90,398,677$28,627,500$20,169,205$61,178,657
87$99,575,223$29,986,128$20,800,754$66,555,685
88$109,686,386$31,409,939$21,452,070$72,444,881
89$120,827,454$32,902,083$22,123,771$78,896,896
90$133,103,433$34,465,863$22,816,496$85,967,476
91$146,630,036$36,104,743$23,530,901$93,717,978
92$161,534,779$37,822,356$24,267,666$102,215,938
93$177,958,184$39,622,508$25,027,490$111,535,698
94$196,055,101$41,509,193$25,811,093$121,759,098
95$215,996,178$43,486,600$26,619,221$132,976,234
96$237,969,463$45,559,118$27,452,640$145,286,298
97$262,182,186$47,731,353$28,312,141$158,798,499
98$288,862,711$50,008,132$29,198,540$173,633,084
99$318,262,695$52,394,518$30,112,679$189,922,456
100$350,659,462$54,895,821$31,055,425$207,812,409