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%19.8%
1 years$974,433$965,753$957,285$949,019$940,949$903,972
2 years$482,393$473,408$464,701$456,259$448,071$411,270
3 years$318,401$309,378$300,693$292,330$284,274$248,809
4 years$236,421$227,425$218,827$210,607$202,747$168,885
5 years$187,245$178,304$169,819$161,766$154,125$121,954
6 years$154,473$145,599$137,239$129,366$121,954$91,495
7 years$131,073$122,274$114,046$106,359$99,181$70,423
8 years$113,531$104,811$96,720$89,222$82,280$55,195
9 years$99,894$91,257$83,305$75,997$69,292$43,838
10 years$88,992$80,438$72,627$65,510$59,040$35,169
11 years$80,077$71,610$63,940$57,014$50,777$28,433
12 years$72,653$64,273$56,745$50,009$44,002$23,127
13 years$66,377$58,084$50,698$44,150$38,370$18,901
14 years$61,001$52,797$45,552$39,192$33,635$15,506
15 years$56,347$48,231$41,128$34,952$29,615$12,761
16 years$52,278$44,251$37,288$31,296$26,174$10,528
17 years$48,692$40,753$33,931$28,119$23,208$8,703
18 years$45,508$37,658$30,974$25,341$20,635$7,207
19 years$42,662$34,901$28,356$22,898$18,393$5,976
20 years$40,104$32,432$26,023$20,738$16,429$4,961
21 years$37,793$30,209$23,936$18,821$14,702$4,122
22 years$35,695$28,199$22,061$17,113$13,178$3,428
23 years$33,782$26,374$20,370$15,585$11,829$2,852
24 years$32,031$24,711$18,838$14,214$10,633$2,375
25 years$30,422$23,190$17,448$12,981$9,568$1,978
26 years$28,940$21,795$16,182$11,870$8,618$1,648
27 years$27,570$20,511$15,027$10,864$7,770$1,373
28 years$26,300$19,328$13,969$9,954$7,011$1,145
29 years$25,119$18,233$13,000$9,128$6,331$955
30 years$24,020$17,219$12,109$8,377$5,720$796
31 years$22,993$16,278$11,289$7,694$5,172$664
32 years$22,033$15,402$10,532$7,071$4,678$554
33 years$21,132$14,586$9,834$6,502$4,234$462
34 years$20,286$13,825$9,188$5,983$3,833$386
35 years$19,491$13,112$8,591$5,507$3,472$322
36 years$18,741$12,446$8,036$5,072$3,146$269
37 years$18,034$11,820$7,522$4,673$2,851$224
38 years$17,365$11,234$7,044$4,308$2,585$187
39 years$16,732$10,682$6,599$3,972$2,344$156
40 years$16,132$10,163$6,186$3,663$2,126$130
41 years$15,564$9,674$5,800$3,380$1,929$109
42 years$15,023$9,213$5,441$3,119$1,750$91
43 years$14,509$8,779$5,105$2,879$1,588$76
44 years$14,020$8,368$4,792$2,659$1,442$63
45 years$13,554$7,979$4,500$2,455$1,309$53
46 years$13,109$7,612$4,226$2,268$1,188$44
47 years$12,685$7,264$3,971$2,095$1,079$37
48 years$12,280$6,935$3,731$1,936$980$31
49 years$11,892$6,622$3,507$1,789$890$26
50 years$11,521$6,326$3,297$1,654$808$21

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 $5,966 every year, while hoping to spend $20,913 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: 70/22/8 Blend
63$11,800,000$11,800,000$11,800,000$11,800,000
64$13,009,754$12,384,354$12,201,454$13,902,079
65$14,314,498$12,968,936$12,587,951$15,077,835
66$15,751,624$13,581,462$12,986,696$16,360,820
67$17,334,615$14,223,278$13,398,075$17,764,132
68$19,078,324$14,895,798$13,822,489$19,299,587
69$20,999,123$15,600,502$14,260,352$20,980,191
70$23,115,050$16,338,943$14,712,091$22,820,251
71$25,445,983$17,112,749$15,178,143$24,835,515
72$28,013,827$17,923,627$15,658,965$27,043,310
73$30,842,720$18,773,367$16,155,023$29,462,709
74$33,959,262$19,663,847$16,666,800$32,114,704
75$37,392,764$20,597,033$17,194,796$35,022,402
76$41,175,528$21,574,989$17,739,524$38,211,238
77$45,343,148$22,599,880$18,301,514$41,709,214
78$49,934,848$23,673,973$18,881,314$45,547,155
79$54,993,853$24,799,648$19,479,488$49,759,000
80$60,567,794$25,979,399$20,096,619$54,382,118
81$66,709,162$27,215,842$20,733,308$59,457,651
82$73,475,797$28,511,719$21,390,174$65,030,903
83$80,931,441$29,869,907$22,067,859$71,151,761
84$89,146,337$31,293,420$22,767,020$77,875,161
85$98,197,888$32,785,423$23,488,340$85,261,598
86$108,171,394$34,349,230$24,232,521$93,377,695
87$119,160,854$35,988,320$25,000,288$102,296,826
88$131,269,851$37,706,338$25,792,388$112,099,800
89$144,612,536$39,507,108$26,609,593$122,875,617
90$159,314,699$41,394,641$27,452,699$134,722,303
91$175,514,961$43,373,141$28,322,527$147,747,830
92$193,366,080$45,447,018$29,219,925$162,071,123
93$213,036,394$47,620,895$30,145,765$177,823,176
94$234,711,409$49,899,622$31,100,952$195,148,284
95$258,595,553$52,288,284$32,086,414$214,205,392
96$284,914,102$54,792,213$33,103,112$235,169,589
97$313,915,310$57,417,001$34,152,036$258,233,750
98$345,872,751$60,168,513$35,234,208$283,610,348
99$381,087,899$63,052,898$36,350,682$311,533,448
100$419,892,981$66,076,607$37,502,546$342,260,907