Can I retire at age 64 with 11,000,000?

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 $11,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$908,370$900,278$892,384$884,679$877,155$854,218
2 years$449,688$441,313$433,196$425,327$417,693$394,740
3 years$296,814$288,403$280,307$272,511$265,002$242,752
4 years$220,392$212,007$203,991$196,329$189,001$167,625
5 years$174,551$166,216$158,306$150,799$143,676$123,233
6 years$144,000$135,728$127,935$120,595$113,686$94,196
7 years$122,187$113,984$106,314$99,148$92,457$73,921
8 years$105,834$97,705$90,163$83,173$76,702$59,112
9 years$93,122$85,070$77,657$70,845$64,594$47,934
10 years$82,958$74,985$67,703$61,069$55,037$39,286
11 years$74,648$66,755$59,605$53,148$47,334$32,468
12 years$67,728$59,915$52,898$46,618$41,019$27,012
13 years$61,877$54,146$47,261$41,157$35,769$22,592
14 years$56,866$49,217$42,464$36,534$31,355$18,978
15 years$52,527$44,961$38,339$32,582$27,607$15,999
16 years$48,734$41,251$34,760$29,174$24,400$13,527
17 years$45,391$37,990$31,630$26,213$21,634$11,465
18 years$42,423$35,105$28,874$23,623$19,236$9,737
19 years$39,770$32,535$26,433$21,345$17,146$8,284
20 years$37,386$30,233$24,259$19,332$15,315$7,058
21 years$35,231$28,161$22,314$17,545$13,705$6,021
22 years$33,275$26,287$20,566$15,953$12,285$5,142
23 years$31,491$24,586$18,989$14,528$11,027$4,394
24 years$29,859$23,035$17,561$13,251$9,912$3,759
25 years$28,360$21,617$16,265$12,101$8,919$3,217
26 years$26,978$20,317$15,085$11,065$8,034$2,755
27 years$25,701$19,121$14,008$10,128$7,243$2,360
28 years$24,517$18,017$13,022$9,279$6,536$2,023
29 years$23,416$16,997$12,118$8,509$5,902$1,734
30 years$22,391$16,052$11,288$7,809$5,332$1,487
31 years$21,434$15,175$10,523$7,172$4,821$1,276
32 years$20,539$14,358$9,818$6,592$4,361$1,095
33 years$19,699$13,597$9,167$6,061$3,947$939
34 years$18,911$12,887$8,565$5,577$3,573$806
35 years$18,169$12,223$8,008$5,134$3,236$692
36 years$17,471$11,602$7,491$4,728$2,932$594
37 years$16,811$11,019$7,012$4,357$2,658$510
38 years$16,188$10,472$6,566$4,016$2,409$438
39 years$15,598$9,958$6,152$3,702$2,185$376
40 years$15,039$9,474$5,766$3,415$1,982$323
41 years$14,508$9,018$5,407$3,151$1,798$277
42 years$14,005$8,589$5,072$2,908$1,632$238
43 years$13,526$8,183$4,759$2,684$1,481$205
44 years$13,070$7,801$4,467$2,478$1,344$176
45 years$12,635$7,439$4,195$2,289$1,220$151
46 years$12,221$7,096$3,940$2,114$1,108$130
47 years$11,825$6,772$3,701$1,953$1,006$111
48 years$11,447$6,465$3,478$1,805$914$96
49 years$11,086$6,173$3,269$1,668$830$82
50 years$10,740$5,897$3,074$1,542$754$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $11,000,000, adding $2,671 every year, while hoping to spend $22,770 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: 34/40/26 Blend
63$11,000,000$11,000,000$11,000,000$11,000,000
64$12,124,755$11,541,755$11,371,255$12,441,220
65$13,337,253$12,083,074$11,727,965$13,220,207
66$14,672,663$12,650,154$12,095,862$14,057,411
67$16,143,497$13,244,235$12,475,296$14,959,787
68$17,763,544$13,866,613$12,866,629$15,933,142
69$19,547,998$14,518,650$13,270,234$16,983,842
70$21,513,603$15,201,772$13,686,495$18,118,861
71$23,678,809$15,917,477$14,115,811$19,345,847
72$26,063,946$16,667,332$14,558,589$20,673,186
73$28,691,419$17,452,982$15,015,252$22,110,076
74$31,585,916$18,276,150$15,486,236$23,666,608
75$34,774,643$19,138,645$15,971,988$25,353,853
76$38,287,579$20,042,362$16,472,973$27,183,964
77$42,157,762$20,989,287$16,989,667$29,170,282
78$46,421,596$21,981,504$17,522,563$31,327,454
79$51,119,199$23,021,198$18,072,169$33,671,564
80$56,294,779$24,110,659$18,639,008$36,220,278
81$61,997,053$25,252,288$19,223,622$38,993,002
82$68,279,706$26,448,603$19,826,566$42,011,056
83$75,201,896$27,702,245$20,448,417$45,297,869
84$82,828,816$29,015,982$21,089,765$48,879,188
85$91,232,306$30,392,716$21,751,223$52,783,313
86$100,491,533$31,835,490$22,433,421$57,041,351
87$110,693,738$33,347,498$23,137,009$61,687,504
88$121,935,057$34,932,083$23,862,657$66,759,378
89$134,321,434$36,592,756$24,611,057$72,298,325
90$147,969,614$38,333,196$25,382,921$78,349,822
91$163,008,252$40,157,259$26,178,987$84,963,892
92$179,579,122$42,068,993$27,000,011$92,195,554
93$197,838,457$44,072,639$27,846,776$100,105,336
94$217,958,426$46,172,644$28,720,089$108,759,831
95$240,128,756$48,373,674$29,620,782$118,232,306
96$264,558,525$50,680,619$30,549,714$128,603,381
97$291,478,133$53,098,609$31,507,769$139,961,773
98$321,141,483$55,633,021$32,495,859$152,405,116
99$353,828,371$58,289,496$33,514,927$166,040,863
100$389,847,131$61,073,947$34,565,943$180,987,285