Can I retire at age 64 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$792,759$785,698$778,808$772,084$765,517$735,145
2 years$392,455$385,146$378,062$371,194$364,532$334,309
3 years$259,038$251,697$244,631$237,828$231,274$202,152
4 years$192,342$185,024$178,029$171,341$164,947$137,147
5 years$152,335$145,061$138,158$131,607$125,390$98,983
6 years$125,673$118,453$111,652$105,247$99,217$74,220
7 years$106,636$99,477$92,783$86,529$80,690$57,094
8 years$92,364$85,270$78,688$72,587$66,940$44,721
9 years$81,270$74,243$67,774$61,828$56,373$35,498
10 years$72,400$65,441$59,087$53,297$48,033$28,460
11 years$65,147$58,259$52,019$46,384$41,310$22,994
12 years$59,108$52,290$46,165$40,685$35,798$18,690
13 years$54,001$47,255$41,246$35,919$31,217$15,264
14 years$49,628$42,953$37,060$31,885$27,364$12,514
15 years$45,842$39,239$33,460$28,435$24,094$10,291
16 years$42,532$36,001$30,336$25,461$21,294$8,484
17 years$39,614$33,155$27,605$22,876$18,881$7,008
18 years$37,024$30,637$25,200$20,616$16,788$5,799
19 years$34,708$28,394$23,069$18,629$14,963$4,805
20 years$32,627$26,385$21,172$16,872$13,366$3,986
21 years$30,747$24,577$19,474$15,312$11,961$3,309
22 years$29,040$22,941$17,948$13,922$10,721$2,750
23 years$27,483$21,457$16,572$12,679$9,624$2,286
24 years$26,059$20,104$15,326$11,564$8,650$1,902
25 years$24,750$18,866$14,195$10,561$7,784$1,583
26 years$23,544$17,731$13,165$9,657$7,011$1,318
27 years$22,430$16,687$12,225$8,839$6,321$1,097
28 years$21,396$15,724$11,365$8,098$5,704$914
29 years$20,436$14,834$10,576$7,426$5,150$762
30 years$19,541$14,009$9,851$6,816$4,654$635
31 years$18,706$13,243$9,184$6,260$4,207$529
32 years$17,925$12,531$8,569$5,753$3,806$441
33 years$17,192$11,867$8,001$5,290$3,444$368
34 years$16,504$11,247$7,475$4,867$3,118$306
35 years$15,857$10,668$6,989$4,481$2,825$255
36 years$15,247$10,125$6,538$4,127$2,559$213
37 years$14,671$9,617$6,119$3,802$2,319$178
38 years$14,127$9,139$5,731$3,504$2,103$148
39 years$13,613$8,690$5,369$3,231$1,907$123
40 years$13,125$8,268$5,032$2,980$1,730$103
41 years$12,662$7,871$4,719$2,750$1,569$86
42 years$12,222$7,496$4,426$2,538$1,424$72
43 years$11,804$7,142$4,153$2,343$1,292$60
44 years$11,406$6,808$3,899$2,163$1,173$50
45 years$11,027$6,492$3,661$1,998$1,065$42
46 years$10,665$6,193$3,438$1,845$967$35
47 years$10,320$5,910$3,230$1,705$878$29
48 years$9,990$5,642$3,036$1,575$797$24
49 years$9,675$5,388$2,853$1,456$724$20
50 years$9,373$5,146$2,682$1,346$658$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $9,600,000, adding $5,830 every year, while hoping to spend $32,503 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: 42/46/12 Blend
63$9,600,000$9,600,000$9,600,000$9,600,000
64$10,585,214$10,076,414$9,927,614$10,992,338
65$11,630,322$10,535,575$10,225,606$11,737,394
66$12,780,943$11,016,146$10,532,491$12,539,978
67$14,047,803$11,519,141$10,848,534$13,408,320
68$15,442,724$12,045,624$11,174,005$14,348,440
69$16,978,731$12,596,709$11,509,183$15,366,938
70$18,670,178$13,173,564$11,854,357$16,471,057
71$20,532,880$13,777,412$12,209,822$17,668,744
72$22,584,266$14,409,537$12,575,883$18,968,723
73$24,843,539$15,071,283$12,952,853$20,380,570
74$27,331,863$15,764,058$13,341,056$21,914,799
75$30,072,555$16,489,339$13,740,823$23,582,957
76$33,091,312$17,248,673$14,152,498$25,397,726
77$36,416,450$18,043,683$14,576,431$27,373,040
78$40,079,172$18,876,067$15,012,985$29,524,204
79$44,113,861$19,747,608$15,462,534$31,868,039
80$48,558,407$20,660,173$15,925,460$34,423,030
81$53,454,562$21,615,718$16,402,160$37,209,496
82$58,848,335$22,616,296$16,893,041$40,249,772
83$64,790,427$23,664,057$17,398,520$43,568,414
84$71,336,709$24,761,254$17,919,029$47,192,423
85$78,548,748$25,910,251$18,455,011$51,151,488
86$86,494,390$27,113,522$19,006,923$55,478,264
87$95,248,397$28,373,664$19,575,235$60,208,665
88$104,893,158$29,693,398$20,160,429$65,382,196
89$115,519,462$31,075,576$20,763,005$71,042,316
90$127,227,355$32,523,188$21,383,474$77,236,838
91$140,127,088$34,039,366$22,022,363$84,018,366
92$154,340,154$35,627,398$22,680,215$91,444,787
93$170,000,436$37,290,727$23,357,588$99,579,797
94$187,255,470$39,032,963$24,055,058$108,493,496
95$206,267,841$40,857,890$24,773,214$118,263,033
96$227,216,710$42,769,477$25,512,667$128,973,324
97$250,299,516$44,771,882$26,274,042$140,717,834
98$275,733,828$46,869,466$27,057,985$153,599,448
99$303,759,409$49,066,801$27,865,158$167,731,425
100$334,640,473$51,368,677$28,696,244$183,238,452