Can I retire at age 64 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$809,275$802,066$795,033$788,169$781,466$757,664
2 years$400,631$393,170$385,938$378,927$372,127$348,351
3 years$264,434$256,941$249,728$242,782$236,092$213,089
4 years$196,349$188,879$181,738$174,911$168,383$146,328
5 years$155,509$148,083$141,036$134,348$128,002$106,955
6 years$128,291$120,921$113,978$107,440$101,284$81,262
7 years$108,857$101,549$94,716$88,332$82,371$63,375
8 years$94,288$87,047$80,327$74,099$68,335$50,351
9 years$82,963$75,790$69,186$63,116$57,548$40,558
10 years$73,908$66,805$60,318$54,407$49,033$33,014
11 years$66,505$59,472$53,103$47,350$42,170$27,092
12 years$60,339$53,379$47,127$41,533$36,544$22,376
13 years$55,126$48,239$42,105$36,667$31,867$18,577
14 years$50,662$43,848$37,832$32,549$27,934$15,487
15 years$46,797$40,056$34,157$29,028$24,596$12,955
16 years$43,418$36,751$30,968$25,991$21,738$10,867
17 years$40,439$33,846$28,180$23,353$19,274$9,137
18 years$37,795$31,275$25,725$21,046$17,138$7,697
19 years$35,431$28,986$23,550$19,017$15,275$6,495
20 years$33,307$26,935$21,613$17,223$13,644$5,487
21 years$31,388$25,089$19,879$15,631$12,210$4,642
22 years$29,645$23,419$18,322$14,212$10,944$3,930
23 years$28,056$21,904$16,917$12,943$9,824$3,330
24 years$26,602$20,522$15,645$11,805$8,830$2,823
25 years$25,266$19,259$14,491$10,781$7,946$2,395
26 years$24,035$18,101$13,440$9,858$7,157$2,033
27 years$22,897$17,035$12,480$9,023$6,453$1,726
28 years$21,842$16,052$11,602$8,267$5,823$1,466
29 years$20,862$15,143$10,796$7,581$5,258$1,246
30 years$19,949$14,301$10,056$6,958$4,751$1,059
31 years$19,096$13,519$9,375$6,390$4,295$900
32 years$18,298$12,792$8,747$5,872$3,885$765
33 years$17,550$12,114$8,167$5,400$3,516$651
34 years$16,848$11,481$7,631$4,969$3,183$553
35 years$16,187$10,890$7,135$4,574$2,883$471
36 years$15,565$10,336$6,674$4,213$2,612$400
37 years$14,977$9,817$6,247$3,881$2,368$341
38 years$14,422$9,330$5,850$3,577$2,147$290
39 years$13,896$8,872$5,481$3,299$1,947$247
40 years$13,398$8,441$5,137$3,042$1,766$210
41 years$12,926$8,035$4,817$2,807$1,602$178
42 years$12,477$7,652$4,519$2,591$1,454$152
43 years$12,050$7,291$4,240$2,391$1,319$129
44 years$11,644$6,950$3,980$2,208$1,197$110
45 years$11,257$6,627$3,737$2,039$1,087$94
46 years$10,888$6,322$3,510$1,884$987$80
47 years$10,535$6,033$3,298$1,740$896$68
48 years$10,198$5,759$3,099$1,608$814$58
49 years$9,876$5,500$2,913$1,486$739$49
50 years$9,568$5,254$2,738$1,374$671$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $9,800,000, adding $5,311 every year, while hoping to spend $46,399 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: 72/12/16 Blend
63$9,800,000$9,800,000$9,800,000$9,800,000
64$10,805,078$10,285,678$10,133,778$11,543,200
65$11,857,828$10,740,308$10,423,892$12,488,340
66$13,016,403$11,215,660$10,722,169$13,516,892
67$14,291,549$11,712,700$11,028,834$14,642,057
68$15,695,105$12,232,441$11,344,118$15,873,395
69$17,240,117$12,775,941$11,668,257$17,221,430
70$18,940,960$13,344,313$12,001,495$18,697,746
71$20,813,473$13,938,720$12,344,080$20,315,100
72$22,875,109$14,560,379$12,696,268$22,087,536
73$25,145,099$15,210,567$13,058,323$24,030,516
74$27,644,636$15,890,621$13,430,513$26,161,067
75$30,397,069$16,601,942$13,813,116$28,497,941
76$33,428,131$17,345,997$14,206,415$31,061,783
77$36,766,173$18,124,324$14,610,703$33,875,333
78$40,442,439$18,938,533$15,026,278$36,963,633
79$44,491,357$19,790,310$15,453,448$40,354,262
80$48,950,864$20,681,424$15,892,527$44,077,596
81$53,862,764$21,613,726$16,343,839$48,167,091
82$59,273,125$22,589,156$16,807,716$52,659,598
83$65,232,707$23,609,748$17,284,497$57,595,704
84$71,797,448$24,677,632$17,774,534$63,020,121
85$79,028,990$25,795,038$18,278,183$68,982,095
86$86,995,258$26,964,305$18,795,813$75,535,878
87$95,771,102$28,187,884$19,327,800$82,741,230
88$105,439,006$29,468,342$19,874,533$90,663,984
89$116,089,862$30,808,369$20,436,408$99,376,662
90$127,823,833$32,210,783$21,013,831$108,959,160
91$140,751,291$33,678,539$21,607,222$119,499,492
92$154,993,867$35,214,731$22,217,009$131,094,627
93$170,685,593$36,822,605$22,843,630$143,851,392
94$187,974,170$38,505,558$23,487,538$157,887,480
95$207,022,358$40,267,154$24,149,193$173,332,560
96$228,009,519$42,111,125$24,829,071$190,329,490
97$251,133,302$44,041,382$25,527,658$209,035,668
98$276,611,517$46,062,028$26,245,452$229,624,511
99$304,684,181$48,177,357$26,982,964$252,287,085
100$335,615,794$50,391,873$27,740,720$277,233,908