Can I retire at age 64 with 11,100,000?

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$916,628$908,463$900,497$892,722$885,130$873,707
2 years$453,776$445,325$437,134$429,193$421,490$409,999
3 years$299,512$291,025$282,855$274,988$267,411$256,207
4 years$222,396$213,934$205,846$198,114$190,720$179,890
5 years$176,138$167,727$159,745$152,170$144,982$134,558
6 years$145,309$136,962$129,098$121,692$114,719$104,714
7 years$123,297$115,020$107,281$100,049$93,298$83,714
8 years$106,796$98,593$90,983$83,929$77,399$68,237
9 years$93,968$85,843$78,363$71,489$65,181$56,436
10 years$83,712$75,667$68,319$61,624$55,538$47,203
11 years$75,327$67,362$60,147$53,631$47,764$39,833
12 years$68,343$60,460$53,379$47,042$41,392$33,855
13 years$62,439$54,638$47,690$41,531$36,094$28,942
14 years$57,383$49,665$42,850$36,867$31,640$24,862
15 years$53,004$45,370$38,688$32,879$27,858$21,442
16 years$49,177$41,626$35,076$29,439$24,621$18,556
17 years$45,804$38,336$31,918$26,451$21,831$16,104
18 years$42,808$35,424$29,137$23,838$19,411$14,011
19 years$40,132$32,831$26,673$21,539$17,302$12,215
20 years$37,725$30,508$24,480$19,508$15,454$10,668
21 years$35,551$28,417$22,517$17,705$13,830$9,332
22 years$33,577$26,526$20,752$16,098$12,396$8,174
23 years$31,778$24,809$19,161$14,660$11,128$7,168
24 years$30,131$23,245$17,721$13,371$10,002$6,292
25 years$28,618$21,814$16,413$12,211$9,000$5,528
26 years$27,223$20,502$15,222$11,165$8,107$4,860
27 years$25,934$19,294$14,135$10,220$7,309$4,276
28 years$24,739$18,181$13,141$9,364$6,595$3,765
29 years$23,629$17,152$12,228$8,587$5,955$3,316
30 years$22,595$16,198$11,390$7,880$5,381$2,922
31 years$21,629$15,312$10,619$7,238$4,865$2,576
32 years$20,726$14,489$9,908$6,652$4,401$2,272
33 years$19,878$13,721$9,251$6,117$3,983$2,004
34 years$19,083$13,004$8,643$5,628$3,606$1,768
35 years$18,335$12,334$8,081$5,181$3,266$1,561
36 years$17,629$11,707$7,560$4,771$2,959$1,378
37 years$16,964$11,119$7,076$4,396$2,682$1,217
38 years$16,335$10,567$6,626$4,052$2,431$1,074
39 years$15,740$10,048$6,208$3,736$2,205$949
40 years$15,175$9,560$5,819$3,446$2,000$838
41 years$14,640$9,100$5,456$3,179$1,814$740
42 years$14,132$8,667$5,118$2,934$1,646$654
43 years$13,649$8,258$4,802$2,709$1,494$578
44 years$13,188$7,871$4,508$2,501$1,356$511
45 years$12,750$7,506$4,233$2,310$1,231$451
46 years$12,332$7,161$3,976$2,134$1,118$399
47 years$11,933$6,833$3,735$1,971$1,015$353
48 years$11,551$6,523$3,510$1,821$922$312
49 years$11,186$6,229$3,299$1,683$837$275
50 years$10,837$5,951$3,102$1,556$760$243

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $11,100,000, adding $5,424 every year, while hoping to spend $31,862 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: 57/26/17 Blend
63$11,100,000$11,100,000$11,100,000$11,100,000
64$12,237,795$11,649,495$11,477,445$12,880,433
65$13,452,149$12,186,419$11,828,038$13,854,280
66$14,789,299$12,748,585$12,189,309$14,911,078
67$16,261,738$13,337,195$12,561,580$16,062,003
68$17,883,228$13,953,511$12,945,187$17,316,105
69$19,668,939$14,598,855$13,340,472$18,683,332
70$21,635,583$15,274,611$13,747,790$20,174,622
71$23,801,578$15,982,233$14,167,507$21,802,005
72$26,187,219$16,723,241$14,599,998$23,578,708
73$28,814,867$17,499,233$15,045,650$25,519,284
74$31,709,168$18,311,879$15,504,863$27,639,737
75$34,897,275$19,162,933$15,978,048$29,957,676
76$38,409,113$20,054,233$16,465,629$32,492,472
77$42,277,656$20,987,704$16,968,041$35,265,440
78$46,539,242$21,965,366$17,485,735$38,300,035
79$51,233,911$22,989,335$18,019,174$41,622,066
80$56,405,788$24,061,831$18,568,834$45,259,940
81$62,103,496$25,185,178$19,135,207$49,244,919
82$68,380,616$26,361,815$19,718,800$53,611,414
83$75,296,193$27,594,298$20,320,134$58,397,302
84$82,915,292$28,885,307$20,939,746$63,644,279
85$91,309,615$30,237,650$21,578,191$69,398,245
86$100,558,173$31,654,272$22,236,037$75,709,737
87$110,748,036$33,138,260$22,913,874$82,634,389
88$121,975,152$34,692,851$23,612,305$90,233,462
89$134,345,254$36,321,438$24,331,954$98,574,404
90$147,974,859$38,027,577$25,073,464$107,731,488
91$162,992,365$39,814,999$25,837,495$117,786,500
92$179,539,265$41,687,613$26,624,730$128,829,502
93$197,771,481$43,649,517$27,435,869$140,959,679
94$217,860,839$45,705,010$28,271,638$154,286,258
95$239,996,686$47,858,597$29,132,779$168,929,538
96$264,387,682$50,115,002$30,020,061$185,022,008
97$291,263,766$52,479,178$30,934,274$202,709,594
98$320,878,330$54,956,318$31,876,232$222,153,019
99$353,510,608$57,551,865$32,846,774$243,529,315
100$389,468,313$60,271,530$33,846,764$267,033,477