Can I retire at age 64 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$776,243$769,329$762,583$755,999$749,569$733,536
2 years$384,279$377,122$370,186$363,461$356,938$340,862
3 years$253,641$246,453$239,535$232,873$226,456$210,840
4 years$188,335$181,169$174,320$167,772$161,510$146,475
5 years$149,162$142,039$135,279$128,865$122,778$108,365
6 years$123,055$115,985$109,326$103,054$97,150$83,375
7 years$104,414$97,404$90,850$84,727$79,009$65,875
8 years$90,440$83,494$77,048$71,075$65,545$53,047
9 years$79,577$72,696$66,362$60,540$55,199$43,328
10 years$70,892$64,078$57,856$52,186$47,032$35,777
11 years$63,790$57,045$50,935$45,418$40,449$29,795
12 years$57,876$51,201$45,204$39,837$35,052$24,983
13 years$52,876$46,270$40,386$35,170$30,566$21,064
14 years$48,594$42,058$36,287$31,220$26,794$17,840
15 years$44,887$38,421$32,763$27,843$23,592$15,166
16 years$41,646$35,251$29,704$24,930$20,850$12,933
17 years$38,789$32,465$27,030$22,400$18,487$11,057
18 years$36,252$29,999$24,675$20,187$16,438$9,474
19 years$33,985$27,802$22,588$18,240$14,652$8,133
20 years$31,948$25,835$20,730$16,520$13,087$6,992
21 years$30,106$24,065$19,068$14,993$11,712$6,020
22 years$28,435$22,463$17,574$13,632$10,498$5,189
23 years$26,911$21,010$16,227$12,415$9,423$4,477
24 years$25,516$19,685$15,007$11,323$8,470$3,866
25 years$24,235$18,473$13,899$10,341$7,622$3,340
26 years$23,054$17,362$12,891$9,455$6,865$2,888
27 years$21,962$16,339$11,970$8,655$6,190$2,498
28 years$20,951$15,397$11,128$7,930$5,585$2,162
29 years$20,010$14,525$10,356$7,272$5,043$1,872
30 years$19,134$13,717$9,646$6,674$4,557$1,622
31 years$18,317$12,967$8,993$6,129$4,120$1,405
32 years$17,551$12,270$8,390$5,633$3,727$1,218
33 years$16,834$11,620$7,834$5,180$3,373$1,055
34 years$16,160$11,013$7,320$4,766$3,054$915
35 years$15,527$10,445$6,843$4,387$2,766$793
36 years$14,929$9,914$6,402$4,041$2,506$688
37 years$14,366$9,416$5,992$3,723$2,271$597
38 years$13,833$8,949$5,611$3,431$2,059$518
39 years$13,329$8,509$5,257$3,164$1,867$449
40 years$12,851$8,096$4,927$2,918$1,694$390
41 years$12,398$7,707$4,620$2,692$1,536$338
42 years$11,968$7,340$4,334$2,485$1,394$293
43 years$11,558$6,993$4,067$2,294$1,265$255
44 years$11,169$6,666$3,818$2,118$1,149$221
45 years$10,797$6,357$3,585$1,956$1,043$192
46 years$10,443$6,064$3,367$1,807$947$166
47 years$10,105$5,787$3,163$1,669$860$144
48 years$9,782$5,524$2,972$1,542$781$125
49 years$9,473$5,275$2,794$1,425$709$109
50 years$9,178$5,039$2,627$1,318$644$94

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $9,400,000, adding $6,927 every year, while hoping to spend $43,570 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: 39/35/26 Blend
63$9,400,000$9,400,000$9,400,000$9,400,000
64$10,365,945$9,867,745$9,722,045$10,689,960
65$11,376,913$10,304,907$10,001,376$11,363,529
66$12,489,540$10,762,029$10,288,603$12,086,823
67$13,714,149$11,240,043$10,583,947$12,868,099
68$15,062,113$11,739,927$10,887,631$13,712,664
69$16,545,968$12,262,702$11,199,885$14,626,343
70$18,179,522$12,809,440$11,520,947$15,615,528
71$19,977,994$13,381,264$11,851,059$16,687,237
72$21,958,151$13,979,347$12,190,471$17,849,174
73$24,138,470$14,604,922$12,539,439$19,109,801
74$26,539,309$15,259,279$12,898,226$20,478,414
75$29,183,104$15,943,769$13,267,102$21,965,222
76$32,094,575$16,659,808$13,646,344$23,581,444
77$35,300,961$17,408,878$14,036,236$25,339,409
78$38,832,281$18,192,535$14,437,072$27,252,666
79$42,721,609$19,012,405$14,849,149$29,336,110
80$47,005,395$19,870,194$15,272,778$31,606,114
81$51,723,802$20,767,690$15,708,272$34,080,681
82$56,921,087$21,706,765$16,155,957$36,779,606
83$62,646,022$22,689,380$16,616,165$39,724,661
84$68,952,348$23,717,591$17,089,238$42,939,788
85$75,899,286$24,793,553$17,575,527$46,451,326
86$83,552,098$25,919,521$18,075,391$50,288,247
87$91,982,695$27,097,860$18,589,200$54,482,426
88$101,270,324$28,331,050$19,117,332$59,068,933
89$111,502,311$29,621,685$19,660,177$64,086,356
90$122,774,886$30,972,488$20,218,133$69,577,161
91$135,194,094$32,386,309$20,791,610$75,588,080
92$148,876,790$33,866,136$21,381,027$82,170,545
93$163,951,748$35,415,102$21,986,817$89,381,166
94$180,560,871$37,036,487$22,609,420$97,282,254
95$198,860,535$38,733,730$23,249,291$105,942,402
96$219,023,062$40,510,435$23,906,895$115,437,118
97$241,238,348$42,370,380$24,582,709$125,849,531
98$265,715,653$44,317,522$25,277,223$137,271,163
99$292,685,580$46,356,011$25,990,940$149,802,778
100$322,402,248$48,490,194$26,724,375$163,555,329