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%16%
1 years$817,533$810,251$803,146$796,211$789,440$770,043
2 years$404,719$397,182$389,877$382,794$375,924$356,501
3 years$267,133$259,563$252,276$245,260$238,501$219,661
4 years$198,353$190,806$183,592$176,696$170,101$151,987
5 years$157,096$149,594$142,475$135,719$129,308$111,971
6 years$129,600$122,155$115,141$108,536$102,317$85,775
7 years$109,968$102,586$95,683$89,233$83,211$67,466
8 years$95,251$87,935$81,147$74,856$69,032$54,076
9 years$83,810$76,563$69,892$63,760$58,135$43,956
10 years$74,662$67,487$60,933$54,962$49,534$36,116
11 years$67,183$60,079$53,644$47,833$42,601$29,924
12 years$60,955$53,924$47,608$41,956$36,917$24,961
13 years$55,689$48,731$42,535$37,041$32,192$20,933
14 years$51,179$44,296$38,218$32,881$28,219$17,632
15 years$47,274$40,465$34,505$29,324$24,847$14,906
16 years$43,861$37,126$31,284$26,257$21,960$12,639
17 years$40,852$34,191$28,467$23,591$19,471$10,744
18 years$38,180$31,594$25,987$21,261$17,313$9,152
19 years$35,793$29,281$23,790$19,211$15,431$7,810
20 years$33,647$27,210$21,833$17,399$13,783$6,674
21 years$31,708$25,345$20,082$15,791$12,335$5,711
22 years$29,947$23,658$18,509$14,357$11,056$4,892
23 years$28,342$22,127$17,090$13,076$9,925$4,194
24 years$26,873$20,732$15,805$11,926$8,920$3,599
25 years$25,524$19,456$14,639$10,891$8,027$3,090
26 years$24,280$18,285$13,577$9,958$7,231$2,655
27 years$23,131$17,209$12,607$9,115$6,519$2,282
28 years$22,065$16,216$11,720$8,351$5,882$1,962
29 years$21,075$15,297$10,906$7,658$5,311$1,688
30 years$20,152$14,447$10,159$7,029$4,799$1,452
31 years$19,291$13,657$9,471$6,455$4,339$1,250
32 years$18,485$12,922$8,836$5,932$3,925$1,076
33 years$17,729$12,238$8,251$5,455$3,552$926
34 years$17,020$11,599$7,709$5,019$3,216$798
35 years$16,352$11,001$7,207$4,621$2,913$687
36 years$15,723$10,442$6,742$4,255$2,639$592
37 years$15,130$9,917$6,311$3,921$2,392$510
38 years$14,569$9,425$5,910$3,614$2,169$439
39 years$14,038$8,962$5,537$3,332$1,966$379
40 years$13,535$8,527$5,190$3,074$1,784$326
41 years$13,058$8,117$4,866$2,836$1,618$281
42 years$12,604$7,730$4,565$2,617$1,468$242
43 years$12,173$7,365$4,283$2,416$1,333$209
44 years$11,763$7,020$4,021$2,231$1,210$180
45 years$11,372$6,695$3,775$2,060$1,098$155
46 years$10,999$6,386$3,546$1,903$997$134
47 years$10,643$6,095$3,331$1,758$905$115
48 years$10,302$5,818$3,130$1,624$822$99
49 years$9,977$5,556$2,942$1,501$747$86
50 years$9,666$5,307$2,766$1,388$678$74

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 $3,173 every year, while hoping to spend $32,258 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: 31/43/26 Blend
63$9,900,000$9,900,000$9,900,000$9,900,000
64$10,913,073$10,388,373$10,234,923$11,164,033
65$11,991,884$10,863,081$10,543,471$11,831,921
66$13,179,653$11,359,969$10,861,273$12,547,281
67$14,487,459$11,880,088$11,188,607$13,316,690
68$15,927,511$12,424,544$11,525,757$14,144,894
69$17,513,261$12,994,491$11,873,014$15,037,089
70$19,259,534$13,591,141$12,230,681$15,998,965
71$21,182,665$14,215,765$12,599,067$17,036,761
72$23,300,653$14,869,694$12,978,491$18,157,310
73$25,633,332$15,554,321$13,369,283$19,368,107
74$28,202,558$16,271,110$13,771,781$20,677,368
75$31,032,417$17,021,592$14,186,333$22,094,107
76$34,149,447$17,807,373$14,613,298$23,628,209
77$37,582,893$18,630,137$15,053,047$25,290,525
78$41,364,982$19,491,647$15,505,958$27,092,962
79$45,531,226$20,393,754$15,972,423$29,048,591
80$50,120,758$21,338,395$16,452,846$31,171,763
81$55,176,701$22,327,602$16,947,642$33,478,238
82$60,746,574$23,363,504$17,457,238$35,985,325
83$66,882,742$24,448,333$17,982,073$38,712,038
84$73,642,910$25,584,430$18,522,601$41,679,267
85$81,090,666$26,774,247$19,079,287$44,909,967
86$89,296,083$28,020,354$19,652,612$48,429,364
87$98,336,379$29,325,447$20,243,070$52,265,188
88$108,296,646$30,692,350$20,851,170$56,447,917
89$119,270,654$32,124,025$21,477,434$61,011,062
90$131,361,735$33,623,576$22,122,402$65,991,469
91$144,683,759$35,194,258$22,786,629$71,429,655
92$159,362,207$36,839,482$23,470,687$77,370,179
93$175,535,360$38,562,824$24,175,162$83,862,053
94$193,355,598$40,368,033$24,900,661$90,959,185
95$212,990,842$42,259,040$25,647,806$98,720,882
96$234,626,139$44,239,965$26,417,239$107,212,391
97$258,465,410$46,315,128$27,209,621$116,505,501
98$284,733,369$48,489,056$28,025,631$126,679,204
99$313,677,652$50,766,499$28,865,968$137,820,427
100$345,571,147$53,152,432$29,731,353$150,024,835