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

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$957,917$949,385$941,060$932,934$925,000$888,651
2 years$474,216$465,385$456,825$448,526$440,476$404,300
3 years$313,004$304,134$295,596$287,375$279,456$244,591
4 years$232,413$223,571$215,118$207,038$199,311$166,023
5 years$184,072$175,282$166,941$159,025$151,513$119,887
6 years$151,855$143,131$134,913$127,173$119,887$89,944
7 years$128,851$120,201$112,113$104,556$97,500$69,230
8 years$111,607$103,035$95,081$87,710$80,886$54,259
9 years$98,201$89,710$81,893$74,709$68,118$43,095
10 years$87,483$79,075$71,396$64,400$58,040$34,573
11 years$78,720$70,396$62,856$56,047$49,916$27,951
12 years$71,422$63,184$55,783$49,161$43,256$22,735
13 years$65,252$57,100$49,839$43,402$37,720$18,580
14 years$59,968$51,902$44,780$38,527$33,065$15,243
15 years$55,392$47,413$40,431$34,360$29,113$12,544
16 years$51,392$43,501$36,656$30,765$25,730$10,349
17 years$47,867$40,063$33,356$27,642$22,814$8,556
18 years$44,737$37,020$30,449$24,911$20,285$7,085
19 years$41,939$34,309$27,875$22,509$18,081$5,875
20 years$39,425$31,882$25,582$20,387$16,150$4,877
21 years$37,153$29,697$23,531$18,502$14,453$4,052
22 years$35,090$27,721$21,687$16,823$12,955$3,370
23 years$33,209$25,927$20,024$15,321$11,629$2,804
24 years$31,488$24,292$18,519$13,973$10,452$2,334
25 years$29,907$22,797$17,152$12,761$9,405$1,944
26 years$28,449$21,425$15,908$11,668$8,472$1,620
27 years$27,102$20,164$14,772$10,680$7,638$1,350
28 years$25,854$19,000$13,732$9,785$6,892$1,126
29 years$24,694$17,924$12,779$8,973$6,223$939
30 years$23,613$16,928$11,903$8,235$5,623$783
31 years$22,603$16,002$11,097$7,564$5,084$653
32 years$21,659$15,141$10,354$6,951$4,599$545
33 years$20,774$14,339$9,667$6,392$4,162$454
34 years$19,943$13,590$9,033$5,881$3,768$379
35 years$19,160$12,890$8,445$5,414$3,413$316
36 years$18,423$12,235$7,900$4,986$3,092$264
37 years$17,728$11,620$7,394$4,594$2,803$220
38 years$17,071$11,043$6,924$4,235$2,541$184
39 years$16,449$10,501$6,487$3,904$2,304$153
40 years$15,859$9,991$6,081$3,601$2,090$128
41 years$15,300$9,510$5,702$3,323$1,896$107
42 years$14,768$9,057$5,348$3,066$1,720$89
43 years$14,263$8,630$5,019$2,831$1,561$74
44 years$13,782$8,226$4,711$2,614$1,417$62
45 years$13,324$7,844$4,423$2,414$1,287$52
46 years$12,887$7,483$4,155$2,230$1,168$43
47 years$12,470$7,141$3,903$2,060$1,061$36
48 years$12,072$6,817$3,668$1,903$963$30
49 years$11,690$6,510$3,448$1,759$875$25
50 years$11,326$6,219$3,241$1,626$795$21

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 $2,452 every year, while hoping to spend $36,679 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: 38/35/27 Blend
63$11,600,000$11,600,000$11,600,000$11,600,000
64$12,785,729$12,170,929$11,991,129$13,168,609
65$14,050,847$12,728,279$12,353,806$14,006,923
66$15,443,778$13,311,709$12,727,403$14,908,763
67$16,977,520$13,922,459$13,112,247$15,882,741
68$18,666,396$14,561,828$13,508,676$16,935,426
69$20,526,187$15,231,177$13,917,036$18,074,022
70$22,574,286$15,931,932$14,337,684$19,306,436
71$24,829,855$16,665,589$14,770,989$20,641,345
72$27,314,012$17,433,714$15,217,328$22,088,273
73$30,050,025$18,237,950$15,677,093$23,657,675
74$33,063,536$19,080,018$16,150,684$25,361,033
75$36,382,800$19,961,722$16,638,515$27,210,958
76$40,038,952$20,884,953$17,141,012$29,221,301
77$44,066,303$21,851,694$17,658,614$31,407,280
78$48,502,660$22,864,021$18,191,771$33,785,616
79$53,389,686$23,924,112$18,740,950$36,374,684
80$58,773,291$25,034,250$19,306,629$39,194,683
81$64,704,066$26,196,828$19,889,300$42,267,813
82$71,237,760$27,414,352$20,489,471$45,618,483
83$78,435,809$28,689,453$21,107,666$49,273,531
84$86,365,911$30,024,885$21,744,422$53,262,467
85$95,102,666$31,423,537$22,400,292$57,617,747
86$104,728,285$32,888,437$23,075,849$62,375,069
87$115,333,359$34,422,760$23,771,679$67,573,697
88$127,017,719$36,029,832$24,488,387$73,256,828
89$139,891,374$37,713,142$25,226,596$79,471,983
90$154,075,555$39,476,346$25,986,948$86,271,452
91$169,703,852$41,323,278$26,770,101$93,712,767
92$186,923,483$43,257,956$27,576,737$101,859,243
93$205,896,676$45,284,593$28,407,556$110,780,558
94$226,802,204$47,407,606$29,263,277$120,553,396
95$249,837,075$49,631,625$30,144,643$131,262,164
96$275,218,386$51,961,504$31,052,417$142,999,769
97$303,185,375$54,402,331$31,987,387$155,868,483
98$334,001,681$56,959,443$32,950,362$169,980,891
99$367,957,829$59,638,432$33,942,175$185,460,941
100$405,373,975$62,445,163$34,963,686$202,445,095