Can I retire at age 64 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$767,985$761,144$754,470$747,956$741,595$724,845
2 years$380,191$373,110$366,248$359,594$353,141$336,355
3 years$250,943$243,832$236,987$230,396$224,047$207,750
4 years$186,331$179,242$172,466$165,987$159,792$144,109
5 years$147,575$140,528$133,840$127,494$121,471$106,447
6 years$121,745$114,752$108,163$101,958$96,116$81,766
7 years$103,303$96,368$89,884$83,825$78,168$64,494
8 years$89,478$82,605$76,229$70,319$64,848$51,845
9 years$78,730$71,923$65,656$59,896$54,611$42,270
10 years$70,137$63,396$57,240$51,631$46,532$34,838
11 years$63,111$56,438$50,393$44,934$40,019$28,958
12 years$57,261$50,656$44,723$39,414$34,679$24,234
13 years$52,314$45,778$39,957$34,796$30,241$20,391
14 years$48,077$41,611$35,901$30,888$26,509$17,235
15 years$44,409$38,012$32,414$27,547$23,341$14,621
16 years$41,203$34,876$29,388$24,665$20,629$12,442
17 years$38,376$32,119$26,742$22,162$18,291$10,614
18 years$35,867$29,680$24,412$19,972$16,263$9,075
19 years$33,624$27,507$22,348$18,046$14,496$7,773
20 years$31,608$25,561$20,510$16,344$12,948$6,668
21 years$29,786$23,809$18,865$14,834$11,587$5,727
22 years$28,132$22,225$17,387$13,487$10,386$4,925
23 years$26,625$20,786$16,054$12,283$9,323$4,239
24 years$25,245$19,475$14,847$11,203$8,380$3,652
25 years$23,977$18,277$13,752$10,231$7,541$3,148
26 years$22,809$17,177$12,754$9,355$6,792$2,715
27 years$21,729$16,166$11,843$8,563$6,124$2,343
28 years$20,728$15,233$11,010$7,845$5,526$2,023
29 years$19,797$14,370$10,245$7,194$4,990$1,747
30 years$18,931$13,571$9,543$6,603$4,508$1,510
31 years$18,122$12,829$8,897$6,064$4,076$1,305
32 years$17,365$12,139$8,301$5,573$3,687$1,128
33 years$16,655$11,496$7,751$5,125$3,337$975
34 years$15,988$10,896$7,242$4,715$3,021$843
35 years$15,361$10,334$6,771$4,341$2,736$729
36 years$14,771$9,809$6,334$3,998$2,479$631
37 years$14,213$9,316$5,928$3,683$2,247$546
38 years$13,686$8,854$5,551$3,395$2,037$472
39 years$13,187$8,419$5,201$3,130$1,847$409
40 years$12,715$8,010$4,875$2,887$1,676$354
41 years$12,266$7,625$4,571$2,664$1,520$306
42 years$11,840$7,261$4,288$2,458$1,379$265
43 years$11,435$6,919$4,024$2,269$1,252$229
44 years$11,050$6,595$3,777$2,095$1,136$198
45 years$10,682$6,289$3,546$1,935$1,032$172
46 years$10,332$5,999$3,331$1,788$937$149
47 years$9,998$5,725$3,129$1,651$850$129
48 years$9,678$5,466$2,941$1,526$772$111
49 years$9,372$5,219$2,764$1,410$701$96
50 years$9,080$4,986$2,599$1,304$637$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $9,300,000, adding $3,406 every year, while hoping to spend $42,760 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: 40/46/14 Blend
63$9,300,000$9,300,000$9,300,000$9,300,000
64$10,252,113$9,759,213$9,615,063$10,619,307
65$11,252,333$10,191,918$9,891,672$11,312,358
66$12,353,141$10,644,393$10,176,113$12,057,184
67$13,564,754$11,117,561$10,468,605$12,862,007
68$14,898,426$11,612,388$10,769,371$13,732,285
69$16,366,560$12,129,890$11,078,639$14,674,009
70$17,982,821$12,671,127$11,396,646$15,693,748
71$19,762,268$13,237,211$11,723,632$16,798,712
72$21,721,491$13,829,306$12,059,846$17,996,812
73$23,878,775$14,448,634$12,405,543$19,296,733
74$26,254,265$15,096,472$12,760,984$20,708,010
75$28,870,161$15,774,160$13,126,437$22,241,115
76$31,750,923$16,483,100$13,502,179$23,907,546
77$34,923,508$17,224,762$13,888,492$25,719,936
78$38,417,617$18,000,687$14,285,668$27,692,162
79$42,265,980$18,812,487$14,694,004$29,839,475
80$46,504,664$19,661,852$15,113,807$32,178,631
81$51,173,412$20,550,555$15,545,392$34,728,051
82$56,316,018$21,480,450$15,989,080$37,507,981
83$61,980,742$22,453,482$16,445,204$40,540,680
84$68,220,763$23,471,688$16,914,104$43,850,622
85$75,094,682$24,537,203$17,396,128$47,464,719
86$82,667,077$25,652,263$17,891,636$51,412,568
87$91,009,107$26,819,212$18,400,994$55,726,720
88$100,199,189$28,040,506$18,924,580$60,442,982
89$110,323,734$29,318,719$19,462,781$65,600,742
90$121,477,966$30,656,548$20,015,996$71,243,333
91$133,766,818$32,056,818$20,584,631$77,418,433
92$147,305,923$33,522,492$21,169,106$84,178,503
93$162,222,706$35,056,672$21,769,850$91,581,271
94$178,657,586$36,662,613$22,387,303$99,690,268
95$196,765,300$38,343,721$23,021,919$108,575,413
96$216,716,367$40,103,570$23,674,160$118,313,661
97$238,698,695$41,945,904$24,344,502$128,989,718
98$262,919,354$43,874,645$25,033,435$140,696,824
99$289,606,532$45,893,907$25,741,459$153,537,622
100$319,011,689$48,007,998$26,469,088$167,625,109