Can I retire at age 64 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$974,433$965,753$957,285$949,019$940,949$922,327
2 years$482,393$473,408$464,701$456,259$448,071$429,389
3 years$318,401$309,378$300,693$292,330$284,274$266,115
4 years$236,421$227,425$218,827$210,607$202,747$185,249
5 years$187,245$178,304$169,819$161,766$154,125$137,338
6 years$154,473$145,599$137,239$129,366$121,954$105,897
7 years$131,073$122,274$114,046$106,359$99,181$83,858
8 years$113,531$104,811$96,720$89,222$82,280$67,686
9 years$99,894$91,257$83,305$75,997$69,292$55,418
10 years$88,992$80,438$72,627$65,510$59,040$45,872
11 years$80,077$71,610$63,940$57,014$50,777$38,299
12 years$72,653$64,273$56,745$50,009$44,002$32,197
13 years$66,377$58,084$50,698$44,150$38,370$27,219
14 years$61,001$52,797$45,552$39,192$33,635$23,115
15 years$56,347$48,231$41,128$34,952$29,615$19,705
16 years$52,278$44,251$37,288$31,296$26,174$16,851
17 years$48,692$40,753$33,931$28,119$23,208$14,449
18 years$45,508$37,658$30,974$25,341$20,635$12,417
19 years$42,662$34,901$28,356$22,898$18,393$10,690
20 years$40,104$32,432$26,023$20,738$16,429$9,219
21 years$37,793$30,209$23,936$18,821$14,702$7,961
22 years$35,695$28,199$22,061$17,113$13,178$6,883
23 years$33,782$26,374$20,370$15,585$11,829$5,957
24 years$32,031$24,711$18,838$14,214$10,633$5,160
25 years$30,422$23,190$17,448$12,981$9,568$4,473
26 years$28,940$21,795$16,182$11,870$8,618$3,880
27 years$27,570$20,511$15,027$10,864$7,770$3,367
28 years$26,300$19,328$13,969$9,954$7,011$2,924
29 years$25,119$18,233$13,000$9,128$6,331$2,540
30 years$24,020$17,219$12,109$8,377$5,720$2,207
31 years$22,993$16,278$11,289$7,694$5,172$1,919
32 years$22,033$15,402$10,532$7,071$4,678$1,668
33 years$21,132$14,586$9,834$6,502$4,234$1,451
34 years$20,286$13,825$9,188$5,983$3,833$1,262
35 years$19,491$13,112$8,591$5,507$3,472$1,098
36 years$18,741$12,446$8,036$5,072$3,146$956
37 years$18,034$11,820$7,522$4,673$2,851$832
38 years$17,365$11,234$7,044$4,308$2,585$724
39 years$16,732$10,682$6,599$3,972$2,344$630
40 years$16,132$10,163$6,186$3,663$2,126$549
41 years$15,564$9,674$5,800$3,380$1,929$478
42 years$15,023$9,213$5,441$3,119$1,750$416
43 years$14,509$8,779$5,105$2,879$1,588$362
44 years$14,020$8,368$4,792$2,659$1,442$315
45 years$13,554$7,979$4,500$2,455$1,309$275
46 years$13,109$7,612$4,226$2,268$1,188$239
47 years$12,685$7,264$3,971$2,095$1,079$208
48 years$12,280$6,935$3,731$1,936$980$181
49 years$11,892$6,622$3,507$1,789$890$158
50 years$11,521$6,326$3,297$1,654$808$138

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $11,800,000, adding $3,102 every year, while hoping to spend $21,530 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: 45/41/14 Blend
63$11,800,000$11,800,000$11,800,000$11,800,000
64$13,006,800$12,381,400$12,198,500$13,539,963
65$14,310,586$12,965,181$12,584,242$14,495,247
66$15,746,636$13,576,845$12,982,184$15,528,084
67$17,328,419$14,217,737$13,392,714$16,647,584
68$19,070,776$14,889,264$13,816,228$17,861,769
69$20,990,062$15,592,905$14,253,139$19,179,444
70$23,104,298$16,330,207$14,703,869$20,610,274
71$25,433,344$17,102,794$15,168,855$22,164,868
72$27,999,083$17,912,369$15,648,550$23,854,876
73$30,825,630$18,760,716$16,143,417$25,693,093
74$33,939,561$19,649,708$16,653,938$27,693,570
75$37,370,159$20,581,306$17,180,608$29,871,746
76$41,149,694$21,557,569$17,723,937$32,244,582
77$45,313,726$22,580,654$18,284,453$34,830,717
78$49,901,443$23,652,822$18,862,698$37,650,635
79$54,956,027$24,776,447$19,459,236$40,726,852
80$60,525,065$25,954,016$20,074,643$44,084,121
81$66,660,995$27,188,137$20,709,517$47,749,653
82$73,421,605$28,481,544$21,364,475$51,753,370
83$80,870,575$29,837,106$22,040,151$56,128,178
84$89,078,079$31,257,829$22,737,201$60,910,263
85$98,121,447$32,746,867$23,456,301$66,139,428
86$108,085,897$34,307,526$24,198,149$71,859,456
87$119,065,337$35,943,273$24,963,466$78,118,510
88$131,163,252$37,657,744$25,752,993$84,969,580
89$144,493,682$39,454,751$26,567,496$92,470,970
90$159,182,296$41,338,293$27,407,766$100,686,833
91$175,367,583$43,312,562$28,274,619$109,687,765
92$193,202,153$45,381,954$29,168,895$119,551,460
93$212,854,181$47,551,078$30,091,462$130,363,424
94$234,508,997$49,824,771$31,043,215$142,217,770
95$258,370,830$52,208,100$32,025,078$155,218,090
96$284,664,741$54,706,383$33,038,004$169,478,417
97$313,638,743$57,325,194$34,082,976$185,124,279
98$345,566,147$60,070,381$35,161,008$202,293,874
99$380,748,138$62,948,073$36,273,145$221,139,347
100$419,516,620$65,964,701$37,420,468$241,828,212