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%14.4%
1 years$817,533$810,251$803,146$796,211$789,440$775,087
2 years$404,719$397,182$389,877$382,794$375,924$361,514
3 years$267,133$259,563$252,276$245,260$238,501$224,485
4 years$198,353$190,806$183,592$176,696$170,101$156,585
5 years$157,096$149,594$142,475$135,719$129,308$116,332
6 years$129,600$122,155$115,141$108,536$102,317$89,895
7 years$109,968$102,586$95,683$89,233$83,211$71,346
8 years$95,251$87,935$81,147$74,856$69,032$57,721
9 years$83,810$76,563$69,892$63,760$58,135$47,372
10 years$74,662$67,487$60,933$54,962$49,534$39,309
11 years$67,183$60,079$53,644$47,833$42,601$32,902
12 years$60,955$53,924$47,608$41,956$36,917$27,732
13 years$55,689$48,731$42,535$37,041$32,192$23,506
14 years$51,179$44,296$38,218$32,881$28,219$20,016
15 years$47,274$40,465$34,505$29,324$24,847$17,111
16 years$43,861$37,126$31,284$26,257$21,960$14,674
17 years$40,852$34,191$28,467$23,591$19,471$12,618
18 years$38,180$31,594$25,987$21,261$17,313$10,875
19 years$35,793$29,281$23,790$19,211$15,431$9,391
20 years$33,647$27,210$21,833$17,399$13,783$8,123
21 years$31,708$25,345$20,082$15,791$12,335$7,036
22 years$29,947$23,658$18,509$14,357$11,056$6,102
23 years$28,342$22,127$17,090$13,076$9,925$5,297
24 years$26,873$20,732$15,805$11,926$8,920$4,603
25 years$25,524$19,456$14,639$10,891$8,027$4,003
26 years$24,280$18,285$13,577$9,958$7,231$3,483
27 years$23,131$17,209$12,607$9,115$6,519$3,033
28 years$22,065$16,216$11,720$8,351$5,882$2,642
29 years$21,075$15,297$10,906$7,658$5,311$2,303
30 years$20,152$14,447$10,159$7,029$4,799$2,008
31 years$19,291$13,657$9,471$6,455$4,339$1,751
32 years$18,485$12,922$8,836$5,932$3,925$1,528
33 years$17,729$12,238$8,251$5,455$3,552$1,333
34 years$17,020$11,599$7,709$5,019$3,216$1,163
35 years$16,352$11,001$7,207$4,621$2,913$1,016
36 years$15,723$10,442$6,742$4,255$2,639$887
37 years$15,130$9,917$6,311$3,921$2,392$774
38 years$14,569$9,425$5,910$3,614$2,169$676
39 years$14,038$8,962$5,537$3,332$1,966$591
40 years$13,535$8,527$5,190$3,074$1,784$516
41 years$13,058$8,117$4,866$2,836$1,618$451
42 years$12,604$7,730$4,565$2,617$1,468$394
43 years$12,173$7,365$4,283$2,416$1,333$344
44 years$11,763$7,020$4,021$2,231$1,210$301
45 years$11,372$6,695$3,775$2,060$1,098$263
46 years$10,999$6,386$3,546$1,903$997$230
47 years$10,643$6,095$3,331$1,758$905$201
48 years$10,302$5,818$3,130$1,624$822$175
49 years$9,977$5,556$2,942$1,501$747$153
50 years$9,666$5,307$2,766$1,388$678$134

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 $3,898 every year, while hoping to spend $25,494 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: 51/30/19 Blend
63$9,900,000$9,900,000$9,900,000$9,900,000
64$10,913,821$10,389,121$10,235,671$11,412,876
65$11,999,905$10,871,062$10,551,440$12,239,226
66$13,195,916$11,375,764$10,876,934$13,134,216
67$14,513,038$11,904,316$11,212,450$14,106,748
68$15,963,597$12,457,857$11,558,296$15,164,169
69$17,561,176$13,037,584$11,914,791$16,314,552
70$19,320,740$13,644,750$12,282,261$17,566,767
71$21,258,783$14,280,669$12,661,044$18,930,562
72$23,393,476$14,946,720$13,051,486$20,416,652
73$25,744,847$15,644,345$13,453,947$22,036,819
74$28,334,962$16,375,059$13,868,795$23,804,013
75$31,188,139$17,140,448$14,296,411$25,732,475
76$34,331,176$17,942,176$14,737,187$27,837,866
77$37,793,600$18,781,987$15,191,527$30,137,411
78$41,607,952$19,661,709$15,659,848$32,650,054
79$45,810,089$20,583,259$16,142,579$35,396,636
80$50,439,525$21,548,645$16,640,162$38,400,083
81$55,539,803$22,559,975$17,153,054$41,685,620
82$61,158,905$23,619,457$17,681,724$45,281,001
83$67,349,709$24,729,405$18,226,657$49,216,769
84$74,170,481$25,892,248$18,788,352$53,526,533
85$81,685,432$27,110,530$19,367,323$58,247,281
86$89,965,319$28,386,918$19,964,101$63,419,725
87$99,088,115$29,724,211$20,579,233$69,088,675
88$109,139,746$31,125,341$21,213,281$75,303,457
89$120,214,900$32,593,383$21,866,825$82,118,368
90$132,417,921$34,131,560$22,540,465$89,593,185
91$145,863,795$35,743,252$23,234,816$97,793,716
92$160,679,234$37,432,003$23,950,515$106,792,417
93$177,003,874$39,201,529$24,688,215$116,669,064
94$194,991,591$41,055,726$25,448,592$127,511,497
95$214,811,954$42,998,678$26,232,341$139,416,439
96$236,651,828$45,034,668$27,040,179$152,490,400
97$260,717,135$47,168,187$27,872,845$166,850,672
98$287,234,798$49,403,943$28,731,101$182,626,421
99$316,454,884$51,746,873$29,615,730$199,959,898
100$348,652,967$54,202,155$30,527,541$219,007,769