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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.3%
1 years$924,886$916,647$908,609$900,764$893,104$884,513
2 years$457,864$449,337$441,073$433,060$425,287$416,634
3 years$302,211$293,647$285,403$277,466$269,820$261,371
4 years$224,399$215,861$207,700$199,898$192,438$184,259
5 years$177,725$169,238$161,184$153,541$146,288$138,404
6 years$146,618$138,195$130,261$122,788$115,753$108,172
7 years$124,408$116,056$108,247$100,951$94,138$86,865
8 years$107,758$99,482$91,802$84,685$78,097$71,130
9 years$94,815$86,617$79,069$72,133$65,769$59,107
10 years$84,467$76,348$68,934$62,179$56,038$49,677
11 years$76,005$67,969$60,689$54,115$48,195$42,129
12 years$68,959$61,005$53,860$47,466$41,764$35,988
13 years$63,002$55,131$48,120$41,905$36,419$30,926
14 years$57,900$50,112$43,236$37,199$31,925$26,707
15 years$53,482$45,778$39,036$33,175$28,109$23,159
16 years$49,620$42,001$35,392$29,704$24,843$20,153
17 years$46,216$38,681$32,205$26,689$22,028$17,589
18 years$43,194$35,743$29,399$24,052$19,586$15,390
19 years$40,493$33,126$26,914$21,733$17,457$13,495
20 years$38,065$30,783$24,700$19,684$15,593$11,856
21 years$35,871$28,673$22,719$17,864$13,954$10,433
22 years$33,880$26,765$20,939$16,243$12,508$9,194
23 years$32,064$25,033$19,334$14,793$11,228$8,112
24 years$30,402$23,454$17,881$13,492$10,092$7,165
25 years$28,875$22,010$16,561$12,321$9,081$6,334
26 years$27,468$20,686$15,359$11,266$8,180$5,605
27 years$26,168$19,468$14,263$10,312$7,375$4,963
28 years$24,962$18,345$13,259$9,448$6,655$4,397
29 years$23,842$17,306$12,339$8,664$6,009$3,898
30 years$22,798$16,344$11,493$7,951$5,429$3,458
31 years$21,824$15,450$10,715$7,303$4,909$3,068
32 years$20,912$14,619$9,997$6,711$4,440$2,724
33 years$20,058$13,845$9,334$6,172$4,018$2,419
34 years$19,255$13,122$8,721$5,679$3,638$2,149
35 years$18,500$12,446$8,154$5,227$3,295$1,909
36 years$17,788$11,813$7,628$4,814$2,986$1,697
37 years$17,117$11,219$7,139$4,436$2,706$1,508
38 years$16,482$10,662$6,686$4,089$2,453$1,341
39 years$15,881$10,139$6,264$3,770$2,225$1,193
40 years$15,312$9,646$5,871$3,477$2,018$1,061
41 years$14,772$9,182$5,505$3,208$1,831$944
42 years$14,259$8,745$5,164$2,961$1,661$839
43 years$13,771$8,332$4,846$2,733$1,508$747
44 years$13,307$7,942$4,549$2,524$1,368$665
45 years$12,865$7,574$4,271$2,331$1,242$591
46 years$12,443$7,225$4,011$2,153$1,128$526
47 years$12,040$6,895$3,769$1,989$1,024$468
48 years$11,655$6,582$3,541$1,838$930$417
49 years$11,287$6,286$3,329$1,698$845$371
50 years$10,935$6,004$3,130$1,570$767$330

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 $4,550 every year, while hoping to spend $33,312 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: 79/5/16 Blend
63$11,200,000$11,200,000$11,200,000$11,200,000
64$12,347,093$11,753,493$11,579,893$13,280,040
65$13,571,053$12,293,971$11,932,376$14,435,777
66$14,918,740$12,859,815$12,295,550$15,698,878
67$16,402,740$13,452,234$12,669,740$17,083,869
68$18,036,920$14,072,494$13,055,276$18,602,943
69$19,836,561$14,721,921$13,452,503$20,269,530
70$21,818,501$15,401,906$13,861,773$22,098,421
71$24,001,295$16,113,907$14,283,449$24,105,906
72$26,405,389$16,859,451$14,717,907$26,309,928
73$29,053,314$17,640,139$15,165,532$28,730,247
74$31,969,897$18,457,650$15,626,722$31,388,633
75$35,182,494$19,313,743$16,101,885$34,309,062
76$38,721,255$20,210,263$16,591,444$37,517,946
77$42,619,398$21,149,141$17,095,833$41,044,381
78$46,913,533$22,132,405$17,615,499$44,920,415
79$51,643,998$23,162,177$18,150,903$49,181,357
80$56,855,247$24,240,685$18,702,520$53,866,102
81$62,596,265$25,370,262$19,270,838$59,017,498
82$68,921,034$26,553,354$19,856,360$64,682,753
83$75,889,037$27,792,527$20,459,606$70,913,872
84$83,565,826$29,090,467$21,081,110$77,768,152
85$92,023,634$30,449,994$21,721,421$85,308,717
86$101,342,063$31,874,062$22,381,107$93,605,117
87$111,608,830$33,365,768$23,060,751$102,733,974
88$122,920,599$34,928,358$23,760,954$112,779,712
89$135,383,889$36,565,237$24,482,335$123,835,347
90$149,116,085$38,279,973$25,225,532$136,003,363
91$164,246,541$40,076,307$25,991,203$149,396,678
92$180,917,802$41,958,160$26,780,022$164,139,708
93$199,286,953$43,929,645$27,592,688$180,369,538
94$219,527,096$45,995,071$28,429,917$198,237,213
95$241,828,989$48,158,960$29,292,449$217,909,162
96$266,402,845$50,426,047$30,181,045$239,568,767
97$293,480,314$52,801,302$31,096,488$263,418,087
98$323,316,673$55,289,933$32,039,587$289,679,770
99$356,193,233$57,897,399$33,011,173$318,599,144
100$392,419,998$60,629,427$34,012,102$350,446,532