Can I retire at age 64 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$784,501$777,513$770,696$764,041$757,543$732,707
2 years$388,367$381,134$374,124$367,327$360,735$335,950
3 years$256,339$249,075$242,083$235,350$228,865$204,910
4 years$190,339$183,097$176,174$169,557$163,228$140,285
5 years$150,748$143,550$136,719$130,236$124,084$102,214
6 years$124,364$117,219$110,489$104,151$98,183$77,406
7 years$105,525$98,441$91,817$85,628$79,849$60,161
8 years$91,402$84,382$77,868$71,831$66,243$47,629
9 years$80,423$73,470$67,068$61,184$55,786$38,226
10 years$71,646$64,760$58,471$52,741$47,532$30,998
11 years$64,469$57,652$51,477$45,901$40,879$25,339
12 years$58,492$51,745$45,685$40,261$35,425$20,845
13 years$53,439$46,763$40,816$35,545$30,891$17,236
14 years$49,111$42,506$36,673$31,552$27,079$14,309
15 years$45,364$38,830$33,111$28,139$23,843$11,919
16 years$42,089$35,626$30,020$25,196$21,072$9,955
17 years$39,201$32,810$27,317$22,638$18,684$8,334
18 years$36,638$30,318$24,937$20,401$16,613$6,989
19 years$34,347$28,098$22,829$18,434$14,808$5,870
20 years$32,287$26,110$20,951$16,696$13,226$4,937
21 years$30,427$24,321$19,271$15,153$11,836$4,157
22 years$28,737$22,702$17,761$13,777$10,609$3,503
23 years$27,197$21,233$16,399$12,547$9,524$2,954
24 years$25,787$19,894$15,167$11,444$8,560$2,493
25 years$24,492$18,670$14,047$10,451$7,703$2,105
26 years$23,299$17,546$13,028$9,556$6,938$1,778
27 years$22,196$16,513$12,098$8,747$6,256$1,502
28 years$21,173$15,560$11,246$8,014$5,644$1,270
29 years$20,223$14,679$10,466$7,349$5,097$1,074
30 years$19,338$13,863$9,748$6,745$4,605$908
31 years$18,511$13,105$9,088$6,194$4,164$768
32 years$17,738$12,400$8,479$5,693$3,766$650
33 years$17,013$11,743$7,917$5,235$3,408$550
34 years$16,332$11,130$7,397$4,817$3,086$465
35 years$15,692$10,557$6,916$4,434$2,795$394
36 years$15,088$10,020$6,470$4,084$2,533$333
37 years$14,519$9,516$6,056$3,762$2,295$282
38 years$13,980$9,044$5,671$3,468$2,081$239
39 years$13,471$8,600$5,313$3,198$1,887$202
40 years$12,988$8,182$4,980$2,949$1,712$171
41 years$12,530$7,789$4,670$2,721$1,553$145
42 years$12,095$7,418$4,380$2,511$1,409$123
43 years$11,681$7,068$4,110$2,318$1,279$104
44 years$11,287$6,737$3,858$2,140$1,161$88
45 years$10,912$6,424$3,623$1,977$1,054$74
46 years$10,554$6,128$3,403$1,826$957$63
47 years$10,213$5,848$3,197$1,687$869$53
48 years$9,886$5,583$3,004$1,559$789$45
49 years$9,574$5,332$2,823$1,441$717$38
50 years$9,275$5,093$2,654$1,332$651$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $9,500,000, adding $2,023 every year, while hoping to spend $40,296 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: 82/9/9 Blend
63$9,500,000$9,500,000$9,500,000$9,500,000
64$10,471,087$9,967,587$9,820,337$11,316,381
65$11,496,263$10,413,124$10,106,443$12,315,541
66$12,624,657$10,879,142$10,400,784$13,406,701
67$13,866,753$11,366,601$10,703,592$14,603,423
68$15,234,107$11,876,510$11,015,107$15,916,265
69$16,739,448$12,409,921$11,335,576$17,356,854
70$18,396,806$12,967,941$11,665,251$18,937,995
71$20,221,636$13,551,726$12,004,393$20,673,789
72$22,230,973$14,162,491$12,353,270$22,579,768
73$24,443,584$14,801,504$12,712,157$24,673,035
74$26,880,150$15,470,099$13,081,335$26,972,433
75$29,563,461$16,169,669$13,461,095$29,498,712
76$32,518,628$16,901,677$13,851,735$32,274,731
77$35,773,322$17,667,653$14,253,563$35,325,668
78$39,358,035$18,469,203$14,666,892$38,679,257
79$43,306,368$19,308,007$15,092,046$42,366,050
80$47,655,347$20,185,828$15,529,358$46,419,702
81$52,445,770$21,104,512$15,979,170$50,877,288
82$57,722,598$22,065,993$16,441,832$55,779,651
83$63,535,375$23,072,298$16,917,704$61,171,785
84$69,938,694$24,125,552$17,407,159$67,103,260
85$76,992,718$25,227,981$17,910,575$73,628,686
86$84,763,741$26,381,917$18,428,345$80,808,225
87$93,324,817$27,589,806$18,960,870$88,708,161
88$102,756,452$28,854,210$19,508,562$97,401,523
89$113,147,357$30,177,813$20,071,846$106,968,766
90$124,595,291$31,563,430$20,651,157$117,498,537
91$137,207,982$33,014,009$21,246,942$129,088,503
92$151,104,143$34,532,642$21,859,661$141,846,271
93$166,414,592$36,122,568$22,489,786$155,890,405
94$183,283,488$37,787,182$23,137,802$171,351,539
95$201,869,692$39,530,042$23,804,206$188,373,608
96$222,348,264$41,354,877$24,489,510$207,115,203
97$244,912,118$43,265,598$25,194,240$227,751,067
98$269,773,842$45,266,300$25,918,935$250,473,741
99$297,167,704$47,361,278$26,664,149$275,495,375
100$327,351,862$49,555,033$27,430,451$303,049,731