Can I retire at age 64 with 11,300,000?

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 $11,300,000?

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$933,143$924,831$916,722$908,807$901,078$889,449
2 years$461,952$453,349$445,011$436,926$429,085$417,386
3 years$304,909$296,268$287,951$279,943$272,229$260,823
4 years$226,403$217,789$209,555$201,683$194,156$183,131
5 years$179,311$170,749$162,623$154,912$147,594$136,983
6 years$147,927$139,429$131,424$123,884$116,786$106,601
7 years$125,519$117,093$109,214$101,852$94,979$85,223
8 years$108,720$100,370$92,622$85,441$78,794$69,467
9 years$95,662$87,390$79,775$72,777$66,356$57,453
10 years$85,221$77,030$69,550$62,734$56,538$48,054
11 years$76,684$68,575$61,231$54,598$48,625$40,551
12 years$69,575$61,550$54,341$47,890$42,137$34,465
13 years$63,564$55,623$48,550$42,279$36,745$29,463
14 years$58,417$50,560$43,622$37,531$32,210$25,309
15 years$53,959$46,187$39,385$33,471$28,360$21,829
16 years$50,063$42,376$35,708$29,970$25,065$18,891
17 years$46,629$39,027$32,493$26,927$22,224$16,395
18 years$43,580$36,062$29,662$24,267$19,761$14,263
19 years$40,855$33,422$27,154$21,927$17,613$12,435
20 years$38,405$31,057$24,921$19,859$15,732$10,860
21 years$36,192$28,929$22,922$18,024$14,079$9,500
22 years$34,182$27,004$21,126$16,388$12,620$8,321
23 years$32,350$25,256$19,506$14,925$11,328$7,297
24 years$30,673$23,664$18,040$13,612$10,182$6,405
25 years$29,133$22,207$16,709$12,431$9,162$5,627
26 years$27,714$20,871$15,497$11,367$8,253$4,948
27 years$26,402$19,642$14,390$10,404$7,441$4,353
28 years$25,185$18,509$13,377$9,532$6,714$3,833
29 years$24,055$17,461$12,449$8,741$6,063$3,376
30 years$23,002$16,490$11,596$8,022$5,478$2,975
31 years$22,019$15,588$10,810$7,368$4,953$2,623
32 years$21,099$14,750$10,086$6,771$4,480$2,313
33 years$20,237$13,968$9,417$6,227$4,054$2,040
34 years$19,427$13,239$8,799$5,729$3,671$1,800
35 years$18,665$12,557$8,227$5,274$3,325$1,589
36 years$17,947$11,918$7,696$4,857$3,012$1,403
37 years$17,269$11,320$7,203$4,475$2,730$1,238
38 years$16,629$10,758$6,745$4,125$2,475$1,094
39 years$16,023$10,229$6,320$3,803$2,245$966
40 years$15,449$9,732$5,923$3,508$2,036$853
41 years$14,904$9,264$5,554$3,237$1,847$754
42 years$14,387$8,823$5,210$2,987$1,676$666
43 years$13,894$8,407$4,889$2,757$1,521$588
44 years$13,426$8,013$4,589$2,546$1,381$520
45 years$12,980$7,641$4,309$2,351$1,253$459
46 years$12,554$7,290$4,047$2,172$1,138$406
47 years$12,148$6,956$3,802$2,007$1,033$359
48 years$11,759$6,641$3,573$1,854$938$317
49 years$11,388$6,342$3,358$1,714$852$280
50 years$11,033$6,058$3,157$1,584$774$248

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $11,300,000, adding $6,781 every year, while hoping to spend $39,170 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: 37/38/25 Blend
63$11,300,000$11,300,000$11,300,000$11,300,000
64$12,459,595$11,860,695$11,685,545$12,826,985
65$13,688,797$12,400,192$12,035,334$13,636,762
66$15,042,065$12,964,812$12,395,528$14,506,762
67$16,532,012$13,555,744$12,766,435$15,445,751
68$18,172,536$14,174,235$13,148,370$16,459,975
69$19,978,954$14,821,592$13,541,659$17,556,282
70$21,968,140$15,499,182$13,946,637$18,742,186
71$24,158,690$16,208,442$14,363,649$20,025,931
72$26,571,094$16,950,874$14,793,050$21,416,562
73$29,227,933$17,728,054$15,235,204$22,924,008
74$32,154,087$18,541,633$15,690,488$24,559,169
75$35,376,973$19,393,342$16,159,288$26,334,016
76$38,926,803$20,284,995$16,642,004$28,261,692
77$42,836,869$21,218,492$17,139,043$30,356,635
78$47,143,857$22,195,826$17,650,829$32,634,707
79$51,888,194$23,219,084$18,177,794$35,113,336
80$57,114,426$24,290,456$18,720,387$37,811,673
81$62,871,643$25,412,234$19,279,066$40,750,768
82$69,213,940$26,586,823$19,854,304$43,953,758
83$76,200,928$27,816,742$20,446,588$47,446,078
84$83,898,293$29,104,634$21,056,420$51,255,695
85$92,378,424$30,453,265$21,684,315$55,413,361
86$101,721,086$31,865,539$22,330,802$59,952,892
87$112,014,182$33,344,495$22,996,430$64,911,486
88$123,354,577$34,893,324$23,681,758$70,330,052
89$135,849,013$36,515,365$24,387,366$76,253,596
90$149,615,117$38,214,124$25,113,848$82,731,631
91$164,782,514$39,993,271$25,861,817$89,818,629
92$181,494,045$41,856,655$26,631,902$97,574,533
93$199,907,119$43,808,313$27,424,752$106,065,298
94$220,195,198$45,852,473$28,241,034$115,363,512
95$242,549,434$47,993,570$29,081,435$125,549,060
96$267,180,473$50,236,252$29,946,660$136,709,865
97$294,320,445$52,585,392$30,837,436$148,942,708
98$324,225,152$55,046,098$31,754,512$162,354,119
99$357,176,486$57,623,725$32,698,657$177,061,369
100$393,485,088$60,323,887$33,670,662$193,193,563