Can I retire at age 64 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$817,533$810,251$803,146$796,211$789,440$768,175
2 years$404,719$397,182$389,877$382,794$375,924$354,651
3 years$267,133$259,563$252,276$245,260$238,501$217,888
4 years$198,353$190,806$183,592$176,696$170,101$150,304
5 years$157,096$149,594$142,475$135,719$129,308$110,383
6 years$129,600$122,155$115,141$108,536$102,317$84,281
7 years$109,968$102,586$95,683$89,233$83,211$66,066
8 years$95,251$87,935$81,147$74,856$69,032$52,768
9 years$83,810$76,563$69,892$63,760$58,135$42,738
10 years$74,662$67,487$60,933$54,962$49,534$34,984
11 years$67,183$60,079$53,644$47,833$42,601$28,876
12 years$60,955$53,924$47,608$41,956$36,917$23,991
13 years$55,689$48,731$42,535$37,041$32,192$20,039
14 years$51,179$44,296$38,218$32,881$28,219$16,810
15 years$47,274$40,465$34,505$29,324$24,847$14,151
16 years$43,861$37,126$31,284$26,257$21,960$11,948
17 years$40,852$34,191$28,467$23,591$19,471$10,112
18 years$38,180$31,594$25,987$21,261$17,313$8,576
19 years$35,793$29,281$23,790$19,211$15,431$7,285
20 years$33,647$27,210$21,833$17,399$13,783$6,197
21 years$31,708$25,345$20,082$15,791$12,335$5,279
22 years$29,947$23,658$18,509$14,357$11,056$4,501
23 years$28,342$22,127$17,090$13,076$9,925$3,841
24 years$26,873$20,732$15,805$11,926$8,920$3,280
25 years$25,524$19,456$14,639$10,891$8,027$2,803
26 years$24,280$18,285$13,577$9,958$7,231$2,396
27 years$23,131$17,209$12,607$9,115$6,519$2,049
28 years$22,065$16,216$11,720$8,351$5,882$1,754
29 years$21,075$15,297$10,906$7,658$5,311$1,501
30 years$20,152$14,447$10,159$7,029$4,799$1,285
31 years$19,291$13,657$9,471$6,455$4,339$1,101
32 years$18,485$12,922$8,836$5,932$3,925$943
33 years$17,729$12,238$8,251$5,455$3,552$808
34 years$17,020$11,599$7,709$5,019$3,216$692
35 years$16,352$11,001$7,207$4,621$2,913$593
36 years$15,723$10,442$6,742$4,255$2,639$508
37 years$15,130$9,917$6,311$3,921$2,392$436
38 years$14,569$9,425$5,910$3,614$2,169$374
39 years$14,038$8,962$5,537$3,332$1,966$320
40 years$13,535$8,527$5,190$3,074$1,784$275
41 years$13,058$8,117$4,866$2,836$1,618$235
42 years$12,604$7,730$4,565$2,617$1,468$202
43 years$12,173$7,365$4,283$2,416$1,333$173
44 years$11,763$7,020$4,021$2,231$1,210$148
45 years$11,372$6,695$3,775$2,060$1,098$127
46 years$10,999$6,386$3,546$1,903$997$109
47 years$10,643$6,095$3,331$1,758$905$94
48 years$10,302$5,818$3,130$1,624$822$80
49 years$9,977$5,556$2,942$1,501$747$69
50 years$9,666$5,307$2,766$1,388$678$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $9,900,000, adding $5,646 every year, while hoping to spend $31,764 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: 39/31/30 Blend
63$9,900,000$9,900,000$9,900,000$9,900,000
64$10,915,624$10,390,924$10,237,474$11,244,091
65$11,995,221$10,866,282$10,546,633$11,961,093
66$13,183,872$11,363,869$10,865,084$12,732,567
67$14,492,668$11,884,739$11,193,104$13,566,217
68$15,933,828$12,429,999$11,530,981$14,467,744
69$17,520,818$13,000,809$11,879,009$15,443,404
70$19,268,475$13,598,383$12,237,490$16,500,063
71$21,193,151$14,223,995$12,606,737$17,645,259
72$23,312,861$14,878,979$12,987,071$18,887,268
73$25,647,459$15,564,735$13,378,824$20,235,182
74$28,218,822$16,282,729$13,782,337$21,698,984
75$31,051,056$17,034,497$14,197,959$23,289,645
76$34,170,726$17,821,650$14,626,053$25,019,216
77$37,607,105$18,645,876$15,066,991$26,900,943
78$41,392,451$19,508,945$15,521,156$28,949,384
79$45,562,308$20,412,710$15,988,942$31,180,542
80$50,155,847$21,359,117$16,470,756$33,612,008
81$55,216,232$22,350,202$16,967,015$36,263,127
82$60,791,028$23,388,102$17,478,150$39,155,169
83$66,932,649$24,475,056$18,004,604$42,311,525
84$73,698,856$25,613,410$18,546,835$45,757,926
85$81,153,296$26,805,623$19,105,310$49,522,672
86$89,366,109$28,054,276$19,680,515$53,636,895
87$98,414,587$29,362,071$20,272,948$58,134,848
88$108,383,904$30,731,842$20,883,121$63,054,218
89$119,367,919$32,166,558$21,511,562$68,436,473
90$131,470,062$33,669,335$22,158,815$74,327,247
91$144,804,313$35,243,436$22,825,439$80,776,760
92$159,496,272$36,892,284$23,512,011$87,840,285
93$175,684,352$38,619,466$24,219,123$95,578,661
94$193,521,078$40,428,743$24,947,386$104,058,851
95$213,174,534$42,324,057$25,697,430$113,354,571
96$234,829,944$44,309,543$26,469,900$123,546,973
97$258,691,420$46,389,532$27,265,464$134,725,396
98$284,983,895$48,568,570$28,084,807$146,988,201
99$313,955,240$50,851,417$28,928,636$160,443,686
100$345,878,606$53,243,068$29,797,677$175,211,097