Can I retire at age 64 with 11,200,000?

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$924,886$916,647$908,609$900,764$893,104$861,758
2 years$457,864$449,337$441,073$433,060$425,287$394,037
3 years$302,211$293,647$285,403$277,466$269,820$239,646
4 years$224,399$215,861$207,700$199,898$192,438$163,571
5 years$177,725$169,238$161,184$153,541$146,288$118,804
6 years$146,618$138,195$130,261$122,788$115,753$89,673
7 years$124,408$116,056$108,247$100,951$94,138$69,457
8 years$107,758$99,482$91,802$84,685$78,097$54,794
9 years$94,815$86,617$79,069$72,133$65,769$43,815
10 years$84,467$76,348$68,934$62,179$56,038$35,396
11 years$76,005$67,969$60,689$54,115$48,195$28,822
12 years$68,959$61,005$53,860$47,466$41,764$23,616
13 years$63,002$55,131$48,120$41,905$36,419$19,447
14 years$57,900$50,112$43,236$37,199$31,925$16,077
15 years$53,482$45,778$39,036$33,175$28,109$13,335
16 years$49,620$42,001$35,392$29,704$24,843$11,090
17 years$46,216$38,681$32,205$26,689$22,028$9,242
18 years$43,194$35,743$29,399$24,052$19,586$7,717
19 years$40,493$33,126$26,914$21,733$17,457$6,452
20 years$38,065$30,783$24,700$19,684$15,593$5,402
21 years$35,871$28,673$22,719$17,864$13,954$4,527
22 years$33,880$26,765$20,939$16,243$12,508$3,797
23 years$32,064$25,033$19,334$14,793$11,228$3,187
24 years$30,402$23,454$17,881$13,492$10,092$2,676
25 years$28,875$22,010$16,561$12,321$9,081$2,249
26 years$27,468$20,686$15,359$11,266$8,180$1,890
27 years$26,168$19,468$14,263$10,312$7,375$1,590
28 years$24,962$18,345$13,259$9,448$6,655$1,337
29 years$23,842$17,306$12,339$8,664$6,009$1,125
30 years$22,798$16,344$11,493$7,951$5,429$947
31 years$21,824$15,450$10,715$7,303$4,909$797
32 years$20,912$14,619$9,997$6,711$4,440$671
33 years$20,058$13,845$9,334$6,172$4,018$565
34 years$19,255$13,122$8,721$5,679$3,638$476
35 years$18,500$12,446$8,154$5,227$3,295$400
36 years$17,788$11,813$7,628$4,814$2,986$337
37 years$17,117$11,219$7,139$4,436$2,706$284
38 years$16,482$10,662$6,686$4,089$2,453$239
39 years$15,881$10,139$6,264$3,770$2,225$201
40 years$15,312$9,646$5,871$3,477$2,018$170
41 years$14,772$9,182$5,505$3,208$1,831$143
42 years$14,259$8,745$5,164$2,961$1,661$120
43 years$13,771$8,332$4,846$2,733$1,508$101
44 years$13,307$7,942$4,549$2,524$1,368$85
45 years$12,865$7,574$4,271$2,331$1,242$72
46 years$12,443$7,225$4,011$2,153$1,128$61
47 years$12,040$6,895$3,769$1,989$1,024$51
48 years$11,655$6,582$3,541$1,838$930$43
49 years$11,287$6,286$3,329$1,698$845$36
50 years$10,935$6,004$3,130$1,570$767$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $11,200,000, adding $5,843 every year, while hoping to spend $46,237 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: 59/35/6 Blend
63$11,200,000$11,200,000$11,200,000$11,200,000
64$12,348,427$11,754,827$11,581,227$13,062,159
65$13,558,771$12,281,618$11,920,002$14,067,900
66$14,891,020$12,832,672$12,268,577$15,158,159
67$16,357,560$13,409,129$12,627,230$16,345,687
68$17,972,038$14,012,183$12,996,250$17,639,814
69$19,749,493$14,643,086$13,375,931$19,050,795
70$21,706,493$15,303,150$13,766,576$20,589,902
71$23,861,298$15,993,747$14,168,499$22,269,533
72$26,234,026$16,716,316$14,582,020$24,103,315
73$28,846,847$17,472,366$15,007,468$26,106,238
74$31,724,190$18,263,476$15,445,182$28,294,785
75$34,892,973$19,091,302$15,895,512$30,687,088
76$38,382,859$19,957,579$16,358,814$33,303,092
77$42,226,533$20,864,123$16,835,457$36,164,740
78$46,460,014$21,812,840$17,325,819$39,296,172
79$51,122,991$22,805,724$17,830,290$42,723,950
80$56,259,199$23,844,868$18,349,268$46,477,303
81$61,916,833$24,932,462$18,883,163$50,588,396
82$68,149,000$26,070,802$19,432,400$55,092,628
83$75,014,223$27,262,296$19,997,409$60,028,960
84$82,576,990$28,509,465$20,578,639$65,440,275
85$90,908,366$29,814,952$21,176,546$71,373,776
86$100,086,660$31,181,526$21,791,602$77,881,426
87$110,198,169$32,612,089$22,424,290$85,020,426
88$121,337,985$34,109,685$23,075,106$92,853,755
89$133,610,900$35,677,500$23,744,563$101,450,746
90$147,132,390$37,318,876$24,433,184$110,887,740
91$162,029,708$39,037,314$25,141,509$121,248,792
92$178,443,080$40,836,485$25,870,093$132,626,460
93$196,527,037$42,720,236$26,619,503$145,122,661
94$216,451,864$44,692,597$27,390,326$158,849,629
95$238,405,215$46,757,794$28,183,162$173,930,961
96$262,593,878$48,920,257$28,998,629$190,502,773
97$289,245,731$51,184,627$29,837,361$208,714,970
98$318,611,892$53,555,771$30,700,010$228,732,651
99$350,969,090$56,038,788$31,587,245$250,737,653
100$386,622,274$58,639,025$32,499,754$274,930,255