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

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$743,212$736,591$730,133$723,828$717,673$690,836
2 years$367,927$361,074$354,433$347,994$341,749$315,019
3 years$242,848$235,966$229,342$222,963$216,820$191,037
4 years$180,321$173,460$166,902$160,633$154,638$129,998
5 years$142,814$135,995$129,523$123,381$117,553$94,122
6 years$117,818$111,050$104,674$98,669$93,016$70,808
7 years$99,971$93,260$86,984$81,121$75,647$54,657
8 years$86,591$79,941$73,770$68,051$62,756$42,966
9 years$76,191$69,603$63,538$57,964$52,850$34,230
10 years$67,875$61,351$55,394$49,966$45,031$27,548
11 years$61,076$54,618$48,768$43,485$38,728$22,345
12 years$55,414$49,022$43,280$38,142$33,561$18,236
13 years$50,626$44,301$38,668$33,674$29,266$14,955
14 years$46,527$40,269$34,743$29,892$25,654$12,312
15 years$42,977$36,786$31,369$26,658$22,588$10,168
16 years$39,873$33,751$28,440$23,870$19,963$8,419
17 years$37,138$31,083$25,879$21,447$17,701$6,986
18 years$34,710$28,722$23,625$19,328$15,739$5,807
19 years$32,539$26,619$21,627$17,464$14,028$4,833
20 years$30,588$24,736$19,848$15,817$12,530$4,028
21 years$28,825$23,041$18,257$14,355$11,213$3,360
22 years$27,225$21,508$16,826$13,052$10,051$2,805
23 years$25,766$20,116$15,536$11,887$9,022$2,343
24 years$24,430$18,847$14,368$10,841$8,110$1,958
25 years$23,203$17,687$13,308$9,901$7,297$1,638
26 years$22,073$16,623$12,342$9,053$6,573$1,370
27 years$21,028$15,644$11,461$8,286$5,926$1,146
28 years$20,059$14,741$10,654$7,592$5,347$960
29 years$19,159$13,907$9,915$6,962$4,829$803
30 years$18,320$13,133$9,235$6,390$4,363$673
31 years$17,537$12,416$8,610$5,868$3,944$564
32 years$16,804$11,748$8,033$5,393$3,568$472
33 years$16,118$11,125$7,501$4,959$3,229$395
34 years$15,473$10,544$7,008$4,563$2,924$331
35 years$14,866$10,001$6,552$4,201$2,648$278
36 years$14,294$9,492$6,129$3,869$2,399$233
37 years$13,754$9,016$5,737$3,564$2,175$195
38 years$13,244$8,568$5,372$3,285$1,971$163
39 years$12,762$8,147$5,033$3,029$1,788$137
40 years$12,304$7,752$4,718$2,794$1,622$115
41 years$11,870$7,379$4,424$2,578$1,471$96
42 years$11,458$7,027$4,150$2,379$1,335$81
43 years$11,066$6,696$3,894$2,196$1,211$68
44 years$10,693$6,382$3,655$2,028$1,100$57
45 years$10,338$6,086$3,432$1,873$998$47
46 years$9,999$5,806$3,223$1,730$906$40
47 years$9,675$5,541$3,028$1,598$823$33
48 years$9,366$5,289$2,846$1,477$747$28
49 years$9,070$5,051$2,675$1,365$679$23
50 years$8,787$4,825$2,515$1,262$617$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $9,000,000, adding $4,590 every year, while hoping to spend $40,321 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: 55/29/16 Blend
63$9,000,000$9,000,000$9,000,000$9,000,000
64$9,922,735$9,445,735$9,306,235$10,426,177
65$10,891,952$9,865,674$9,575,092$11,189,433
66$11,958,679$10,304,840$9,851,605$12,015,401
67$13,132,817$10,764,130$10,135,987$12,913,898
68$14,425,280$11,244,488$10,428,459$13,891,861
69$15,848,091$11,746,901$10,729,244$14,956,916
70$17,414,499$12,272,401$11,038,576$16,117,445
71$19,139,103$12,822,073$11,356,693$17,382,666
72$21,037,988$13,397,052$11,683,839$18,762,715
73$23,128,880$13,998,525$12,020,265$20,268,737
74$25,431,311$14,627,738$12,366,230$21,912,993
75$27,966,804$15,285,996$12,721,998$23,708,969
76$30,759,075$15,974,667$13,087,841$25,671,500
77$33,834,256$16,695,181$13,464,039$27,816,907
78$37,221,145$17,449,040$13,850,879$30,163,148
79$40,951,474$18,237,815$14,248,656$32,729,983
80$45,060,211$19,063,154$14,657,673$35,539,158
81$49,585,887$19,926,783$15,078,239$38,614,602
82$54,570,962$20,830,510$15,510,675$41,982,655
83$60,062,225$21,776,230$15,955,307$45,672,305
84$66,111,235$22,765,929$16,412,473$49,715,462
85$72,774,809$23,801,687$16,882,519$54,147,252
86$80,115,554$24,885,684$17,365,797$59,006,346
87$88,202,462$26,020,205$17,862,674$64,335,313
88$97,111,562$27,207,643$18,373,522$70,181,026
89$106,926,633$28,450,509$18,898,726$76,595,089
90$117,739,996$29,751,430$19,438,680$83,634,323
91$129,653,387$31,113,162$19,993,788$91,361,297
92$142,778,917$32,538,592$20,564,465$99,844,907
93$157,240,130$34,030,746$21,151,137$109,161,024
94$173,173,166$35,592,795$21,754,243$119,393,201
95$190,728,049$37,228,063$22,374,230$130,633,454
96$210,070,104$38,940,032$23,011,561$142,983,120
97$231,381,514$40,732,353$23,666,708$156,553,810
98$254,863,043$42,608,852$24,340,156$171,468,451
99$280,735,926$44,573,539$25,032,405$187,862,438
100$309,243,964$46,630,616$25,743,964$205,884,901