Can I retire at age 64 with 11,600,000?

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$957,917$949,385$941,060$932,934$925,000$903,372
2 years$474,216$465,385$456,825$448,526$440,476$418,810
3 years$313,004$304,134$295,596$287,375$279,456$258,428
4 years$232,413$223,571$215,118$207,038$199,311$179,082
5 years$184,072$175,282$166,941$159,025$151,513$132,141
6 years$151,855$143,131$134,913$127,173$119,887$101,391
7 years$128,851$120,201$112,113$104,556$97,500$79,884
8 years$111,607$103,035$95,081$87,710$80,886$64,142
9 years$98,201$89,710$81,893$74,709$68,118$52,232
10 years$87,483$79,075$71,396$64,400$58,040$42,996
11 years$78,720$70,396$62,856$56,047$49,916$35,693
12 years$71,422$63,184$55,783$49,161$43,256$29,831
13 years$65,252$57,100$49,839$43,402$37,720$25,068
14 years$59,968$51,902$44,780$38,527$33,065$21,159
15 years$55,392$47,413$40,431$34,360$29,113$17,925
16 years$51,392$43,501$36,656$30,765$25,730$15,231
17 years$47,867$40,063$33,356$27,642$22,814$12,975
18 years$44,737$37,020$30,449$24,911$20,285$11,077
19 years$41,939$34,309$27,875$22,509$18,081$9,474
20 years$39,425$31,882$25,582$20,387$16,150$8,115
21 years$37,153$29,697$23,531$18,502$14,453$6,959
22 years$35,090$27,721$21,687$16,823$12,955$5,975
23 years$33,209$25,927$20,024$15,321$11,629$5,135
24 years$31,488$24,292$18,519$13,973$10,452$4,417
25 years$29,907$22,797$17,152$12,761$9,405$3,801
26 years$28,449$21,425$15,908$11,668$8,472$3,273
27 years$27,102$20,164$14,772$10,680$7,638$2,820
28 years$25,854$19,000$13,732$9,785$6,892$2,431
29 years$24,694$17,924$12,779$8,973$6,223$2,096
30 years$23,613$16,928$11,903$8,235$5,623$1,808
31 years$22,603$16,002$11,097$7,564$5,084$1,560
32 years$21,659$15,141$10,354$6,951$4,599$1,346
33 years$20,774$14,339$9,667$6,392$4,162$1,162
34 years$19,943$13,590$9,033$5,881$3,768$1,003
35 years$19,160$12,890$8,445$5,414$3,413$866
36 years$18,423$12,235$7,900$4,986$3,092$748
37 years$17,728$11,620$7,394$4,594$2,803$646
38 years$17,071$11,043$6,924$4,235$2,541$558
39 years$16,449$10,501$6,487$3,904$2,304$482
40 years$15,859$9,991$6,081$3,601$2,090$417
41 years$15,300$9,510$5,702$3,323$1,896$360
42 years$14,768$9,057$5,348$3,066$1,720$311
43 years$14,263$8,630$5,019$2,831$1,561$269
44 years$13,782$8,226$4,711$2,614$1,417$232
45 years$13,324$7,844$4,423$2,414$1,287$201
46 years$12,887$7,483$4,155$2,230$1,168$173
47 years$12,470$7,141$3,903$2,060$1,061$150
48 years$12,072$6,817$3,668$1,903$963$129
49 years$11,690$6,510$3,448$1,759$875$112
50 years$11,326$6,219$3,241$1,626$795$97

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $11,600,000, adding $5,371 every year, while hoping to spend $44,820 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: 35/47/18 Blend
63$11,600,000$11,600,000$11,600,000$11,600,000
64$12,788,740$12,173,940$11,994,140$13,165,646
65$14,045,504$12,722,775$12,348,256$13,990,295
66$15,428,955$13,297,001$12,712,732$14,874,903
67$16,951,968$13,897,814$13,087,869$15,828,436
68$18,628,731$14,526,469$13,473,974$16,857,039
69$20,474,875$15,184,279$13,871,366$17,967,451
70$22,507,624$15,872,621$14,280,369$19,167,053
71$24,745,961$16,592,938$14,701,320$20,463,940
72$27,210,798$17,346,741$15,134,563$21,866,988
73$29,925,182$18,135,614$15,580,454$23,385,934
74$32,914,508$18,961,217$16,039,356$25,031,459
75$36,206,759$19,825,288$16,511,647$26,815,282
76$39,832,772$20,729,651$16,997,710$28,750,268
77$43,826,525$21,676,214$17,497,944$30,850,538
78$48,225,462$22,666,979$18,012,756$33,131,596
79$53,070,841$23,704,044$18,542,566$35,610,469
80$58,408,131$24,789,606$19,087,805$38,305,858
81$64,287,432$25,925,969$19,648,919$41,238,304
82$70,763,955$27,115,545$20,226,362$44,430,377
83$77,898,538$28,360,867$20,820,605$47,906,878
84$85,758,223$29,664,583$21,432,129$51,695,062
85$94,416,888$31,029,474$22,061,432$55,824,886
86$103,955,943$32,458,451$22,709,023$60,329,281
87$114,465,101$33,954,567$23,375,427$65,244,451
88$126,043,222$35,521,021$24,061,183$70,610,204
89$138,799,245$37,161,165$24,766,847$76,470,316
90$152,853,220$38,878,515$25,492,989$82,872,927
91$168,337,438$40,676,752$26,240,194$89,870,990
92$185,397,683$42,559,739$27,009,067$97,522,746
93$204,194,602$44,531,522$27,800,226$105,892,270
94$224,905,227$46,596,342$28,614,309$115,050,052
95$247,724,643$48,758,646$29,451,971$125,073,651
96$272,867,831$51,023,093$30,313,887$136,048,408
97$300,571,695$53,394,570$31,200,747$148,068,234
98$331,097,301$55,878,197$32,113,265$161,236,481
99$364,732,338$58,479,341$33,052,171$175,666,892
100$401,793,836$61,203,629$34,018,220$191,484,661