Can I retire at age 64 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$966,175$957,569$949,172$940,977$932,974$905,286
2 years$478,304$469,397$460,763$452,393$444,274$416,606
3 years$315,702$306,756$298,144$289,852$281,865$255,087
4 years$234,417$225,498$216,973$208,822$201,029$175,345
5 years$185,659$176,793$168,380$160,396$152,819$128,299
6 years$153,164$144,365$136,076$128,270$120,920$97,586
7 years$129,962$121,237$113,080$105,458$98,341$76,192
8 years$112,569$103,923$95,901$88,466$81,583$60,606
9 years$99,048$90,484$82,599$75,353$68,705$48,878
10 years$88,237$79,757$72,012$64,955$58,540$39,836
11 years$79,398$71,003$63,398$56,530$50,346$32,733
12 years$72,038$63,728$56,264$49,585$43,629$27,071
13 years$65,814$57,592$50,268$43,776$38,045$22,504
14 years$60,484$52,349$45,166$38,859$33,350$18,787
15 years$55,870$47,822$40,779$34,656$29,364$15,738
16 years$51,835$43,876$36,972$31,030$25,952$13,221
17 years$48,280$40,408$33,643$27,881$23,011$11,132
18 years$45,122$37,339$30,712$25,126$20,460$9,392
19 years$42,301$34,605$28,115$22,704$18,237$7,937
20 years$39,765$32,157$25,803$20,562$16,289$6,716
21 years$37,473$29,953$23,734$18,662$14,577$5,689
22 years$35,392$27,960$21,874$16,968$13,066$4,824
23 years$33,495$26,150$20,197$15,453$11,729$4,094
24 years$31,759$24,501$18,679$14,094$10,542$3,477
25 years$30,164$22,993$17,300$12,871$9,487$2,955
26 years$28,695$21,610$16,045$11,769$8,545$2,512
27 years$27,336$20,337$14,899$10,772$7,704$2,136
28 years$26,077$19,164$13,851$9,870$6,952$1,818
29 years$24,906$18,079$12,889$9,051$6,277$1,547
30 years$23,816$17,074$12,006$8,306$5,672$1,317
31 years$22,798$16,140$11,193$7,629$5,128$1,121
32 years$21,846$15,272$10,443$7,011$4,638$955
33 years$20,953$14,463$9,751$6,447$4,198$813
34 years$20,114$13,707$9,111$5,932$3,801$693
35 years$19,326$13,001$8,518$5,461$3,442$590
36 years$18,582$12,340$7,968$5,029$3,119$503
37 years$17,881$11,720$7,458$4,634$2,827$429
38 years$17,218$11,138$6,984$4,271$2,563$365
39 years$16,590$10,592$6,543$3,938$2,324$311
40 years$15,996$10,077$6,133$3,632$2,108$265
41 years$15,432$9,592$5,751$3,351$1,912$226
42 years$14,896$9,135$5,395$3,093$1,735$193
43 years$14,386$8,704$5,062$2,855$1,575$164
44 years$13,901$8,297$4,752$2,636$1,430$140
45 years$13,439$7,912$4,462$2,435$1,298$119
46 years$12,998$7,548$4,190$2,249$1,178$102
47 years$12,578$7,203$3,937$2,078$1,070$87
48 years$12,176$6,876$3,700$1,920$972$74
49 years$11,791$6,566$3,477$1,774$883$63
50 years$11,423$6,272$3,269$1,640$802$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $11,700,000, adding $4,592 every year, while hoping to spend $43,346 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: 65/16/19 Blend
63$11,700,000$11,700,000$11,700,000$11,700,000
64$12,898,137$12,278,037$12,096,687$13,674,666
65$14,167,627$12,833,541$12,455,806$14,751,850
66$15,565,152$13,414,812$12,825,503$15,923,170
67$17,103,727$14,023,066$13,206,086$17,202,194
68$18,797,690$14,659,580$13,597,873$18,599,470
69$20,662,843$15,325,688$14,001,190$20,126,605
70$22,716,597$16,022,790$14,416,374$21,796,371
71$24,978,137$16,752,355$14,843,771$23,622,824
72$27,468,605$17,515,918$15,283,735$25,621,437
73$30,211,295$18,315,090$15,736,632$27,809,238
74$33,231,878$19,151,561$16,202,840$30,204,971
75$36,558,640$20,027,097$16,682,746$32,829,272
76$40,222,751$20,943,554$17,176,747$35,704,857
77$44,258,557$21,902,874$17,685,254$38,856,735
78$48,703,908$22,907,093$18,208,688$42,312,441
79$53,600,510$23,958,345$18,747,483$46,102,295
80$58,994,324$25,058,865$19,302,084$50,259,680
81$64,935,992$26,210,997$19,872,952$54,821,356
82$71,481,325$27,417,197$20,460,558$59,827,804
83$78,691,821$28,680,040$21,065,386$65,323,602
84$86,635,248$30,002,224$21,687,938$71,357,846
85$95,386,285$31,386,575$22,328,727$77,984,603
86$105,027,228$32,836,058$22,988,280$85,263,422
87$115,648,760$34,353,780$23,667,142$93,259,889
88$127,350,813$35,942,996$24,365,872$102,046,242
89$140,243,512$37,607,118$25,085,044$111,702,047
90$154,448,208$39,349,724$25,825,251$122,314,946
91$170,098,628$41,174,564$26,587,100$133,981,478
92$187,342,137$43,085,567$27,371,217$146,807,981
93$206,341,128$45,086,852$28,178,245$160,911,597
94$227,274,554$47,182,739$29,008,847$176,421,363
95$250,339,618$49,377,753$29,863,703$193,479,431
96$275,753,635$51,676,638$30,743,513$212,242,397
97$303,756,082$54,084,370$31,648,998$232,882,775
98$334,610,860$56,606,161$32,580,896$255,590,617
99$368,608,782$59,247,477$33,539,970$280,575,301
100$406,070,322$62,014,048$34,527,003$308,067,498