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%14.7%
1 years$957,917$949,385$941,060$932,934$925,000$907,066
2 years$474,216$465,385$456,825$448,526$440,476$422,481
3 years$313,004$304,134$295,596$287,375$279,456$261,960
4 years$232,413$223,571$215,118$207,038$199,311$182,449
5 years$184,072$175,282$166,941$159,025$151,513$135,334
6 years$151,855$143,131$134,913$127,173$119,887$104,408
7 years$128,851$120,201$112,113$104,556$97,500$82,725
8 years$111,607$103,035$95,081$87,710$80,886$66,811
9 years$98,201$89,710$81,893$74,709$68,118$54,734
10 years$87,483$79,075$71,396$64,400$58,040$45,334
11 years$78,720$70,396$62,856$56,047$49,916$37,874
12 years$71,422$63,184$55,783$49,161$43,256$31,860
13 years$65,252$57,100$49,839$43,402$37,720$26,951
14 years$59,968$51,902$44,780$38,527$33,065$22,904
15 years$55,392$47,413$40,431$34,360$29,113$19,539
16 years$51,392$43,501$36,656$30,765$25,730$16,720
17 years$47,867$40,063$33,356$27,642$22,814$14,347
18 years$44,737$37,020$30,449$24,911$20,285$12,338
19 years$41,939$34,309$27,875$22,509$18,081$10,631
20 years$39,425$31,882$25,582$20,387$16,150$9,175
21 years$37,153$29,697$23,531$18,502$14,453$7,929
22 years$35,090$27,721$21,687$16,823$12,955$6,860
23 years$33,209$25,927$20,024$15,321$11,629$5,942
24 years$31,488$24,292$18,519$13,973$10,452$5,151
25 years$29,907$22,797$17,152$12,761$9,405$4,469
26 years$28,449$21,425$15,908$11,668$8,472$3,879
27 years$27,102$20,164$14,772$10,680$7,638$3,370
28 years$25,854$19,000$13,732$9,785$6,892$2,928
29 years$24,694$17,924$12,779$8,973$6,223$2,546
30 years$23,613$16,928$11,903$8,235$5,623$2,214
31 years$22,603$16,002$11,097$7,564$5,084$1,926
32 years$21,659$15,141$10,354$6,951$4,599$1,676
33 years$20,774$14,339$9,667$6,392$4,162$1,459
34 years$19,943$13,590$9,033$5,881$3,768$1,270
35 years$19,160$12,890$8,445$5,414$3,413$1,106
36 years$18,423$12,235$7,900$4,986$3,092$963
37 years$17,728$11,620$7,394$4,594$2,803$839
38 years$17,071$11,043$6,924$4,235$2,541$731
39 years$16,449$10,501$6,487$3,904$2,304$637
40 years$15,859$9,991$6,081$3,601$2,090$555
41 years$15,300$9,510$5,702$3,323$1,896$484
42 years$14,768$9,057$5,348$3,066$1,720$421
43 years$14,263$8,630$5,019$2,831$1,561$367
44 years$13,782$8,226$4,711$2,614$1,417$320
45 years$13,324$7,844$4,423$2,414$1,287$279
46 years$12,887$7,483$4,155$2,230$1,168$243
47 years$12,470$7,141$3,903$2,060$1,061$212
48 years$12,072$6,817$3,668$1,903$963$185
49 years$11,690$6,510$3,448$1,759$875$161
50 years$11,326$6,219$3,241$1,626$795$140

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 $5,733 every year, while hoping to spend $54,871 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: 31/43/26 Blend
63$11,600,000$11,600,000$11,600,000$11,600,000
64$12,789,114$12,174,314$11,994,514$13,083,167
65$14,035,221$12,712,473$12,337,947$13,847,842
66$15,406,592$13,275,162$12,691,047$14,665,136
67$16,915,946$13,863,527$13,054,079$15,543,822
68$18,577,298$14,478,765$13,427,316$16,489,301
69$20,406,088$15,122,131$13,811,037$17,507,489
70$22,419,334$15,794,940$14,205,532$18,604,871
71$24,635,783$16,498,569$14,611,094$19,788,551
72$27,076,095$17,234,461$15,028,028$21,066,319
73$29,763,034$18,004,126$15,456,644$22,446,718
74$32,721,683$18,809,149$15,897,261$23,939,116
75$35,979,684$19,651,186$16,350,208$25,553,793
76$39,567,493$20,531,975$16,815,822$27,302,026
77$43,518,671$21,453,336$17,294,446$29,196,196
78$47,870,202$22,417,176$17,786,436$31,249,892
79$52,662,837$23,425,492$18,292,156$33,478,034
80$57,941,481$24,480,376$18,811,978$35,897,006
81$63,755,618$25,584,020$19,346,285$38,524,807
82$70,159,777$26,738,723$19,895,472$41,381,205
83$77,214,045$27,946,891$20,459,940$44,487,921
84$84,984,633$29,211,045$21,040,104$47,868,825
85$93,544,507$30,533,827$21,636,389$51,550,147
86$102,974,068$31,918,006$22,249,229$55,560,722
87$113,361,917$33,366,482$22,879,073$59,932,245
88$124,805,688$34,882,295$23,526,377$64,699,564
89$137,412,971$36,468,630$24,191,613$69,900,998
90$151,302,325$38,128,824$24,875,264$75,578,685
91$166,604,401$39,866,375$25,577,823$81,778,967
92$183,463,168$41,684,946$26,299,799$88,552,817
93$202,037,282$43,588,379$27,041,713$95,956,307
94$222,501,572$45,580,697$27,804,098$104,051,123
95$245,048,700$47,666,118$28,587,502$112,905,130
96$269,890,971$49,849,062$29,392,487$122,593,001
97$297,262,344$52,134,160$30,219,630$133,196,905
98$327,420,636$54,526,267$31,069,520$144,807,267
99$360,649,956$57,030,469$31,942,764$157,523,601
100$397,263,388$59,652,098$32,839,983$171,455,436