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%15.2%
1 years$924,886$916,647$908,609$900,764$893,104$874,000
2 years$457,864$449,337$441,073$433,060$425,287$406,134
3 years$302,211$293,647$285,403$277,466$269,820$251,214
4 years$224,399$215,861$207,700$199,898$192,438$174,523
5 years$177,725$169,238$161,184$153,541$146,288$129,115
6 years$146,618$138,195$130,261$122,788$115,753$99,340
7 years$124,408$116,056$108,247$100,951$94,138$78,489
8 years$107,758$99,482$91,802$84,685$78,097$63,205
9 years$94,815$86,617$79,069$72,133$65,769$51,625
10 years$84,467$76,348$68,934$62,179$56,038$42,628
11 years$76,005$67,969$60,689$54,115$48,195$35,500
12 years$68,959$61,005$53,860$47,466$41,764$29,767
13 years$63,002$55,131$48,120$41,905$36,419$25,097
14 years$57,900$50,112$43,236$37,199$31,925$21,256
15 years$53,482$45,778$39,036$33,175$28,109$18,070
16 years$49,620$42,001$35,392$29,704$24,843$15,409
17 years$46,216$38,681$32,205$26,689$22,028$13,174
18 years$43,194$35,743$29,399$24,052$19,586$11,288
19 years$40,493$33,126$26,914$21,733$17,457$9,690
20 years$38,065$30,783$24,700$19,684$15,593$8,331
21 years$35,871$28,673$22,719$17,864$13,954$7,173
22 years$33,880$26,765$20,939$16,243$12,508$6,182
23 years$32,064$25,033$19,334$14,793$11,228$5,334
24 years$30,402$23,454$17,881$13,492$10,092$4,606
25 years$28,875$22,010$16,561$12,321$9,081$3,980
26 years$27,468$20,686$15,359$11,266$8,180$3,441
27 years$26,168$19,468$14,263$10,312$7,375$2,977
28 years$24,962$18,345$13,259$9,448$6,655$2,576
29 years$23,842$17,306$12,339$8,664$6,009$2,231
30 years$22,798$16,344$11,493$7,951$5,429$1,932
31 years$21,824$15,450$10,715$7,303$4,909$1,674
32 years$20,912$14,619$9,997$6,711$4,440$1,451
33 years$20,058$13,845$9,334$6,172$4,018$1,258
34 years$19,255$13,122$8,721$5,679$3,638$1,090
35 years$18,500$12,446$8,154$5,227$3,295$945
36 years$17,788$11,813$7,628$4,814$2,986$820
37 years$17,117$11,219$7,139$4,436$2,706$711
38 years$16,482$10,662$6,686$4,089$2,453$617
39 years$15,881$10,139$6,264$3,770$2,225$535
40 years$15,312$9,646$5,871$3,477$2,018$464
41 years$14,772$9,182$5,505$3,208$1,831$403
42 years$14,259$8,745$5,164$2,961$1,661$350
43 years$13,771$8,332$4,846$2,733$1,508$303
44 years$13,307$7,942$4,549$2,524$1,368$263
45 years$12,865$7,574$4,271$2,331$1,242$228
46 years$12,443$7,225$4,011$2,153$1,128$198
47 years$12,040$6,895$3,769$1,989$1,024$172
48 years$11,655$6,582$3,541$1,838$930$149
49 years$11,287$6,286$3,329$1,698$845$130
50 years$10,935$6,004$3,130$1,570$767$112

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 $6,947 every year, while hoping to spend $57,900 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: 43/47/10 Blend
63$11,200,000$11,200,000$11,200,000$11,200,000
64$12,349,566$11,755,966$11,582,366$12,844,543
65$13,547,616$12,270,403$11,908,770$13,704,449
66$14,865,928$12,808,107$12,244,168$14,629,048
67$16,316,705$13,370,157$12,588,800$15,629,379
68$17,913,396$13,957,682$12,942,913$16,712,397
69$19,670,821$14,571,867$13,306,759$17,885,735
70$21,605,306$15,213,950$13,680,596$19,157,766
71$23,734,842$15,885,228$14,064,691$20,537,684
72$26,079,254$16,587,062$14,459,316$22,035,581
73$28,660,384$17,320,875$14,864,750$23,662,538
74$31,502,303$18,088,157$15,281,278$25,430,726
75$34,631,532$18,890,471$15,709,195$27,353,513
76$38,077,297$19,729,452$16,148,802$29,445,585
77$41,871,799$20,606,814$16,600,405$31,723,078
78$46,050,526$21,524,351$17,064,321$34,203,726
79$50,652,578$22,483,943$17,540,875$36,907,018
80$55,721,044$23,487,559$18,030,397$39,854,377
81$61,303,404$24,537,262$18,533,228$43,069,354
82$67,451,976$25,635,214$19,049,717$46,577,842
83$74,224,416$26,783,677$19,580,221$50,408,316
84$81,684,253$27,985,023$20,125,104$54,592,086
85$89,901,495$29,241,738$20,684,744$59,163,591
86$98,953,287$30,556,423$21,259,522$64,160,709
87$108,924,640$31,931,805$21,849,834$69,625,109
88$119,909,232$33,370,742$22,456,082$75,602,633
89$132,010,292$34,876,227$23,078,679$82,143,714
90$145,341,575$36,451,396$23,718,049$89,303,846
91$160,028,435$38,099,534$24,374,623$97,144,097
92$176,209,009$39,824,084$25,048,846$105,731,665
93$194,035,518$41,628,654$25,741,172$115,140,508
94$213,675,706$43,517,024$26,452,067$125,452,026
95$235,314,424$45,493,154$27,182,007$136,755,815
96$259,155,370$47,561,193$27,931,479$149,150,494
97$285,423,017$49,725,491$28,700,983$162,744,630
98$314,364,729$51,990,604$29,491,030$177,657,738
99$346,253,095$54,361,308$30,302,143$194,021,395
100$381,388,504$56,842,605$31,134,859$211,980,466