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%13.1%
1 years$974,433$965,753$957,285$949,019$940,949$928,806
2 years$482,393$473,408$464,701$456,259$448,071$435,854
3 years$318,401$309,378$300,693$292,330$284,274$272,364
4 years$236,421$227,425$218,827$210,607$202,747$191,235
5 years$187,245$178,304$169,819$161,766$154,125$143,044
6 years$154,473$145,599$137,239$129,366$121,954$111,318
7 years$131,073$122,274$114,046$106,359$99,181$88,994
8 years$113,531$104,811$96,720$89,222$82,280$72,540
9 years$99,894$91,257$83,305$75,997$69,292$59,995
10 years$88,992$80,438$72,627$65,510$59,040$50,180
11 years$80,077$71,610$63,940$57,014$50,777$42,345
12 years$72,653$64,273$56,745$50,009$44,002$35,990
13 years$66,377$58,084$50,698$44,150$38,370$30,767
14 years$61,001$52,797$45,552$39,192$33,635$26,429
15 years$56,347$48,231$41,128$34,952$29,615$22,795
16 years$52,278$44,251$37,288$31,296$26,174$19,726
17 years$48,692$40,753$33,931$28,119$23,208$17,120
18 years$45,508$37,658$30,974$25,341$20,635$14,894
19 years$42,662$34,901$28,356$22,898$18,393$12,985
20 years$40,104$32,432$26,023$20,738$16,429$11,341
21 years$37,793$30,209$23,936$18,821$14,702$9,920
22 years$35,695$28,199$22,061$17,113$13,178$8,689
23 years$33,782$26,374$20,370$15,585$11,829$7,620
24 years$32,031$24,711$18,838$14,214$10,633$6,689
25 years$30,422$23,190$17,448$12,981$9,568$5,876
26 years$28,940$21,795$16,182$11,870$8,618$5,167
27 years$27,570$20,511$15,027$10,864$7,770$4,546
28 years$26,300$19,328$13,969$9,954$7,011$4,002
29 years$25,119$18,233$13,000$9,128$6,331$3,525
30 years$24,020$17,219$12,109$8,377$5,720$3,106
31 years$22,993$16,278$11,289$7,694$5,172$2,739
32 years$22,033$15,402$10,532$7,071$4,678$2,415
33 years$21,132$14,586$9,834$6,502$4,234$2,130
34 years$20,286$13,825$9,188$5,983$3,833$1,880
35 years$19,491$13,112$8,591$5,507$3,472$1,659
36 years$18,741$12,446$8,036$5,072$3,146$1,465
37 years$18,034$11,820$7,522$4,673$2,851$1,293
38 years$17,365$11,234$7,044$4,308$2,585$1,142
39 years$16,732$10,682$6,599$3,972$2,344$1,009
40 years$16,132$10,163$6,186$3,663$2,126$891
41 years$15,564$9,674$5,800$3,380$1,929$787
42 years$15,023$9,213$5,441$3,119$1,750$695
43 years$14,509$8,779$5,105$2,879$1,588$614
44 years$14,020$8,368$4,792$2,659$1,442$543
45 years$13,554$7,979$4,500$2,455$1,309$480
46 years$13,109$7,612$4,226$2,268$1,188$424
47 years$12,685$7,264$3,971$2,095$1,079$375
48 years$12,280$6,935$3,731$1,936$980$331
49 years$11,892$6,622$3,507$1,789$890$293
50 years$11,521$6,326$3,297$1,654$808$259

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 $5,265 every year, while hoping to spend $39,088 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: 62/33/5 Blend
63$11,800,000$11,800,000$11,800,000$11,800,000
64$13,009,031$12,383,631$12,200,731$13,805,164
65$14,294,363$12,948,839$12,567,866$14,901,797
66$15,709,488$13,540,433$12,945,990$16,093,105
67$17,267,605$14,159,664$13,335,430$17,392,266
68$18,983,256$14,807,843$13,736,522$18,809,687
69$20,872,466$15,486,344$14,149,613$20,356,811
70$22,952,892$16,196,610$14,575,060$22,046,219
71$25,243,992$16,940,148$15,013,229$23,891,747
72$27,767,206$17,718,542$15,464,499$25,908,611
73$30,546,160$18,533,450$15,929,259$28,113,549
74$33,606,888$19,386,609$16,407,909$30,524,969
75$36,978,079$20,279,841$16,900,862$33,163,125
76$40,691,344$21,215,055$17,408,542$36,050,299
77$44,781,520$22,194,251$17,931,387$39,211,007
78$49,286,994$23,219,528$18,469,847$42,672,226
79$54,250,065$24,293,082$19,024,385$46,463,641
80$59,717,346$25,417,218$19,595,477$50,617,924
81$65,740,205$26,594,351$20,183,614$55,171,031
82$72,375,243$27,827,012$20,789,303$60,162,539
83$79,684,836$29,117,853$21,413,062$65,636,008
84$87,737,717$30,469,656$22,055,428$71,639,392
85$96,609,631$31,885,336$22,716,952$78,225,480
86$106,384,044$33,367,948$23,398,200$85,452,387
87$117,152,935$34,920,696$24,099,758$93,384,095
88$129,017,660$36,546,936$24,822,226$102,091,050
89$142,089,914$38,250,189$25,566,223$111,650,814
90$156,492,780$40,034,143$26,332,386$122,148,795
91$172,361,894$41,902,666$27,121,372$133,679,036
92$189,846,723$43,859,812$27,933,853$146,345,099
93$209,111,978$45,909,832$28,770,527$160,261,028
94$230,339,167$48,057,182$29,632,107$175,552,416
95$253,728,309$50,306,531$30,519,329$192,357,579
96$279,499,822$52,662,776$31,432,952$210,828,849
97$307,896,603$55,131,051$32,373,755$231,134,002
98$339,186,321$57,716,737$33,342,540$253,457,825
99$373,663,945$60,425,476$34,340,134$278,003,847
100$411,654,525$63,263,182$35,367,387$304,996,248