Can I retire at age 64 with 9,200,000?

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 $9,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$759,727$752,960$746,358$739,913$733,621$704,792
2 years$376,103$369,098$362,310$355,728$349,343$320,651
3 years$248,244$241,210$234,438$227,918$221,638$193,986
4 years$184,328$177,315$170,611$164,202$158,074$131,673
5 years$145,988$139,017$132,401$126,123$120,165$95,083
6 years$120,436$113,518$107,000$100,862$95,083$71,335
7 years$102,192$95,332$88,917$82,924$77,328$54,906
8 years$88,516$81,717$75,409$69,563$64,151$43,033
9 years$77,884$71,149$64,950$59,252$54,024$34,179
10 years$69,383$62,715$56,625$51,076$46,031$27,420
11 years$62,433$55,831$49,851$44,451$39,588$22,168
12 years$56,645$50,111$44,242$38,990$34,307$18,031
13 years$51,751$45,286$39,527$34,422$29,916$14,736
14 years$47,560$41,164$35,515$30,556$26,224$12,090
15 years$43,932$37,604$32,066$27,251$23,090$9,949
16 years$40,759$34,501$29,072$24,400$20,407$8,208
17 years$37,963$31,774$26,455$21,923$18,094$6,785
18 years$35,481$29,360$24,150$19,757$16,088$5,619
19 years$33,262$27,211$22,108$17,852$14,340$4,659
20 years$31,268$25,286$20,289$16,169$12,809$3,868
21 years$29,466$23,553$18,662$14,674$11,462$3,214
22 years$27,830$21,986$17,200$13,342$10,274$2,672
23 years$26,338$20,563$15,881$12,151$9,223$2,224
24 years$24,973$19,266$14,688$11,082$8,290$1,851
25 years$23,719$18,080$13,604$10,121$7,460$1,542
26 years$22,563$16,992$12,617$9,254$6,719$1,285
27 years$21,495$15,992$11,716$8,471$6,058$1,071
28 years$20,505$15,069$10,891$7,761$5,466$893
29 years$19,585$14,216$10,135$7,117$4,936$744
30 years$18,727$13,425$9,441$6,532$4,460$621
31 years$17,927$12,691$8,801$5,999$4,032$518
32 years$17,178$12,009$8,212$5,513$3,647$432
33 years$16,476$11,372$7,667$5,070$3,301$360
34 years$15,817$10,778$7,164$4,664$2,989$301
35 years$15,196$10,223$6,698$4,294$2,707$251
36 years$14,612$9,703$6,266$3,955$2,453$209
37 years$14,060$9,216$5,864$3,644$2,223$175
38 years$13,539$8,758$5,492$3,358$2,015$146
39 years$13,045$8,328$5,145$3,097$1,827$122
40 years$12,578$7,924$4,823$2,856$1,658$102
41 years$12,134$7,543$4,522$2,635$1,504$85
42 years$11,713$7,183$4,242$2,432$1,365$71
43 years$11,312$6,844$3,980$2,245$1,238$59
44 years$10,931$6,524$3,736$2,073$1,124$49
45 years$10,568$6,221$3,508$1,914$1,020$41
46 years$10,221$5,935$3,295$1,768$927$34
47 years$9,890$5,664$3,096$1,634$841$29
48 years$9,574$5,407$2,909$1,510$764$24
49 years$9,272$5,163$2,734$1,395$694$20
50 years$8,982$4,932$2,571$1,290$630$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $9,200,000, adding $4,222 every year, while hoping to spend $23,485 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: 77/18/5 Blend
63$9,200,000$9,200,000$9,200,000$9,200,000
64$10,142,755$9,655,155$9,512,555$10,920,793
65$11,152,328$10,103,270$9,806,238$11,879,858
66$12,264,091$10,572,555$10,108,972$12,927,557
67$13,488,441$11,064,023$10,421,035$14,075,465
68$14,836,838$11,578,736$10,742,716$15,333,519
69$16,321,907$12,117,806$11,074,308$16,712,658
70$17,957,562$12,682,399$11,416,118$18,224,926
71$19,759,135$13,273,738$11,768,460$19,883,578
72$21,743,520$13,893,105$12,131,657$21,703,210
73$23,929,335$14,541,842$12,506,043$23,699,889
74$26,337,093$15,221,359$12,891,962$25,891,307
75$28,989,403$15,933,132$13,289,769$28,296,945
76$31,911,175$16,678,708$13,699,829$30,938,250
77$35,129,860$17,459,711$14,122,519$33,838,843
78$38,675,710$18,277,840$14,558,227$37,024,735
79$42,582,058$19,134,880$15,007,353$40,524,567
80$46,885,638$20,032,700$15,470,310$44,369,885
81$51,626,931$20,973,259$15,947,523$48,595,429
82$56,850,542$21,958,613$16,439,429$53,239,461
83$62,605,628$22,990,916$16,946,481$58,344,122
84$68,946,357$24,072,426$17,469,143$63,955,826
85$75,932,422$25,205,511$18,007,896$70,125,697
86$83,629,602$26,392,654$18,563,233$76,910,046
87$92,110,384$27,636,457$19,135,664$84,370,898
88$101,454,649$28,939,649$19,725,715$92,576,579
89$111,750,423$30,305,092$20,333,925$101,602,350
90$123,094,709$31,735,784$20,960,854$111,531,118
91$135,594,402$33,234,870$21,607,076$122,454,211
92$149,367,302$34,805,650$22,273,184$134,472,240
93$164,543,218$36,451,578$22,959,787$147,696,038
94$181,265,203$38,176,282$23,667,517$162,247,709
95$199,690,895$39,983,561$24,397,020$178,261,765
96$219,994,012$41,877,401$25,148,965$195,886,401
97$242,365,988$43,861,981$25,924,043$215,284,881
98$267,017,782$45,941,681$26,722,961$236,637,077
99$294,181,869$48,121,096$27,546,454$260,141,157
100$324,114,433$50,405,043$28,395,273$286,015,454