Can I retire at age 64 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$718,438$712,038$705,795$699,701$693,750$671,812
2 years$355,662$349,038$342,619$336,395$330,357$308,454
3 years$234,753$228,100$221,697$215,531$209,592$188,410
4 years$174,310$167,678$161,339$155,278$149,483$129,185
5 years$138,054$131,462$125,205$119,269$113,635$94,276
6 years$113,891$107,348$101,185$95,380$89,915$71,511
7 years$96,638$90,151$84,085$78,417$73,125$55,675
8 years$83,705$77,276$71,311$65,782$60,664$44,156
9 years$73,651$67,283$61,420$56,032$51,088$35,503
10 years$65,612$59,306$53,547$48,300$43,530$28,844
11 years$59,040$52,797$47,142$42,035$37,437$23,625
12 years$53,566$47,388$41,837$36,871$32,442$19,474
13 years$48,939$42,825$37,379$32,551$28,290$16,134
14 years$44,976$38,926$33,585$28,895$24,799$13,423
15 years$41,544$35,560$30,323$25,770$21,835$11,204
16 years$38,544$32,626$27,492$23,074$19,298$9,379
17 years$35,900$30,047$25,017$20,732$17,111$7,868
18 years$33,553$27,765$22,837$18,683$15,214$6,613
19 years$31,454$25,732$20,906$16,882$13,561$5,568
20 years$29,569$23,911$19,187$15,290$12,113$4,693
21 years$27,864$22,273$17,648$13,877$10,839$3,961
22 years$26,317$20,791$16,265$12,617$9,716$3,345
23 years$24,907$19,445$15,018$11,491$8,722$2,828
24 years$23,616$18,219$13,889$10,480$7,839$2,392
25 years$22,430$17,097$12,864$9,571$7,054$2,025
26 years$21,337$16,069$11,931$8,751$6,354$1,714
27 years$20,327$15,123$11,079$8,010$5,729$1,452
28 years$19,390$14,250$10,299$7,339$5,169$1,230
29 years$18,520$13,443$9,584$6,730$4,668$1,043
30 years$17,709$12,696$8,928$6,177$4,217$884
31 years$16,953$12,002$8,323$5,673$3,813$750
32 years$16,244$11,356$7,765$5,213$3,449$636
33 years$15,580$10,754$7,251$4,794$3,121$539
34 years$14,957$10,193$6,775$4,411$2,826$457
35 years$14,370$9,668$6,334$4,061$2,560$388
36 years$13,818$9,176$5,925$3,740$2,319$329
37 years$13,296$8,715$5,546$3,446$2,102$279
38 years$12,803$8,282$5,193$3,176$1,906$237
39 years$12,336$7,876$4,866$2,928$1,728$201
40 years$11,894$7,493$4,561$2,701$1,567$171
41 years$11,475$7,133$4,276$2,492$1,422$145
42 years$11,076$6,793$4,011$2,300$1,290$123
43 years$10,697$6,472$3,764$2,123$1,171$104
44 years$10,337$6,169$3,533$1,960$1,063$89
45 years$9,993$5,883$3,318$1,810$965$75
46 years$9,665$5,612$3,116$1,672$876$64
47 years$9,353$5,356$2,927$1,545$796$54
48 years$9,054$5,113$2,751$1,428$723$46
49 years$8,768$4,883$2,586$1,319$656$39
50 years$8,494$4,664$2,431$1,219$596$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $8,700,000, adding $4,305 every year, while hoping to spend $45,484 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: 36/49/15 Blend
63$8,700,000$8,700,000$8,700,000$8,700,000
64$9,591,841$9,130,741$8,995,891$9,892,863
65$10,521,814$9,529,752$9,248,858$10,509,588
66$11,545,120$9,946,791$9,508,776$11,170,310
67$12,671,230$10,382,692$9,775,829$11,882,622
68$13,910,582$10,838,331$10,050,205$12,651,142
69$15,274,675$11,314,622$10,332,101$13,480,935
70$16,776,180$11,812,527$10,621,714$14,377,550
71$18,429,058$12,333,048$10,919,249$15,347,075
72$20,248,693$12,877,239$11,224,915$16,396,187
73$22,252,037$13,446,201$11,538,927$17,532,210
74$24,457,768$14,041,088$11,861,504$18,763,182
75$26,886,469$14,663,109$12,192,873$20,097,924
76$29,560,818$15,313,531$12,533,264$21,546,121
77$32,505,807$15,993,680$12,882,913$23,118,406
78$35,748,973$16,704,944$13,242,064$24,826,454
79$39,320,660$17,448,778$13,610,966$26,683,091
80$43,254,306$18,226,707$13,989,872$28,702,405
81$47,586,757$19,040,327$14,379,044$30,899,875
82$52,358,613$19,891,310$14,778,750$33,292,509
83$57,614,617$20,781,409$15,189,262$35,899,000
84$63,404,068$21,712,459$15,610,863$38,739,894
85$69,781,296$22,686,382$16,043,840$41,837,776
86$76,806,166$23,705,193$16,488,486$45,217,479
87$84,544,649$24,771,001$16,945,105$48,906,306
88$93,069,441$25,886,019$17,414,004$52,934,281
89$102,460,651$27,052,561$17,895,500$57,334,425
90$112,806,556$28,273,054$18,389,917$62,143,056
91$124,204,433$29,550,042$18,897,588$67,400,125
92$136,761,478$30,886,188$19,418,851$73,149,582
93$150,595,821$32,284,283$19,954,054$79,439,779
94$165,837,634$33,747,251$20,503,554$86,323,916
95$182,630,364$35,278,158$21,067,714$93,860,535
96$201,132,087$36,880,214$21,646,909$102,114,056
97$221,517,000$38,556,784$22,241,520$111,155,373
98$243,977,060$40,311,393$22,851,937$121,062,516
99$268,723,805$42,147,736$23,478,562$131,921,364
100$295,990,341$44,069,684$24,121,802$143,826,451