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

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$974,433$965,753$957,285$949,019$940,949$923,083
2 years$482,393$473,408$464,701$456,259$448,071$430,141
3 years$318,401$309,378$300,693$292,330$284,274$266,840
4 years$236,421$227,425$218,827$210,607$202,747$185,941
5 years$187,245$178,304$169,819$161,766$154,125$137,997
6 years$154,473$145,599$137,239$129,366$121,954$106,520
7 years$131,073$122,274$114,046$106,359$99,181$84,446
8 years$113,531$104,811$96,720$89,222$82,280$68,240
9 years$99,894$91,257$83,305$75,997$69,292$55,938
10 years$88,992$80,438$72,627$65,510$59,040$46,360
11 years$80,077$71,610$63,940$57,014$50,777$38,755
12 years$72,653$64,273$56,745$50,009$44,002$32,623
13 years$66,377$58,084$50,698$44,150$38,370$27,615
14 years$61,001$52,797$45,552$39,192$33,635$23,484
15 years$56,347$48,231$41,128$34,952$29,615$20,047
16 years$52,278$44,251$37,288$31,296$26,174$17,168
17 years$48,692$40,753$33,931$28,119$23,208$14,741
18 years$45,508$37,658$30,974$25,341$20,635$12,686
19 years$42,662$34,901$28,356$22,898$18,393$10,939
20 years$40,104$32,432$26,023$20,738$16,429$9,448
21 years$37,793$30,209$23,936$18,821$14,702$8,171
22 years$35,695$28,199$22,061$17,113$13,178$7,075
23 years$33,782$26,374$20,370$15,585$11,829$6,133
24 years$32,031$24,711$18,838$14,214$10,633$5,321
25 years$30,422$23,190$17,448$12,981$9,568$4,620
26 years$28,940$21,795$16,182$11,870$8,618$4,014
27 years$27,570$20,511$15,027$10,864$7,770$3,489
28 years$26,300$19,328$13,969$9,954$7,011$3,035
29 years$25,119$18,233$13,000$9,128$6,331$2,640
30 years$24,020$17,219$12,109$8,377$5,720$2,298
31 years$22,993$16,278$11,289$7,694$5,172$2,001
32 years$22,033$15,402$10,532$7,071$4,678$1,743
33 years$21,132$14,586$9,834$6,502$4,234$1,518
34 years$20,286$13,825$9,188$5,983$3,833$1,323
35 years$19,491$13,112$8,591$5,507$3,472$1,153
36 years$18,741$12,446$8,036$5,072$3,146$1,005
37 years$18,034$11,820$7,522$4,673$2,851$876
38 years$17,365$11,234$7,044$4,308$2,585$764
39 years$16,732$10,682$6,599$3,972$2,344$666
40 years$16,132$10,163$6,186$3,663$2,126$581
41 years$15,564$9,674$5,800$3,380$1,929$507
42 years$15,023$9,213$5,441$3,119$1,750$442
43 years$14,509$8,779$5,105$2,879$1,588$385
44 years$14,020$8,368$4,792$2,659$1,442$336
45 years$13,554$7,979$4,500$2,455$1,309$293
46 years$13,109$7,612$4,226$2,268$1,188$256
47 years$12,685$7,264$3,971$2,095$1,079$223
48 years$12,280$6,935$3,731$1,936$980$195
49 years$11,892$6,622$3,507$1,789$890$170
50 years$11,521$6,326$3,297$1,654$808$148

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 $6,531 every year, while hoping to spend $41,711 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: 33/46/21 Blend
63$11,800,000$11,800,000$11,800,000$11,800,000
64$13,010,337$12,384,937$12,202,037$13,355,409
65$14,293,011$12,947,418$12,566,425$14,175,604
66$15,705,120$13,536,064$12,941,622$15,054,696
67$17,259,822$14,152,111$13,327,946$16,001,283
68$18,971,616$14,796,857$13,725,725$17,021,336
69$20,856,479$15,471,661$14,135,294$18,121,393
70$22,932,015$16,177,948$14,557,002$19,308,620
71$25,217,624$16,917,210$14,991,205$20,590,868
72$27,734,681$17,691,012$15,438,269$21,976,747
73$30,506,740$18,500,994$15,898,574$23,475,695
74$33,559,758$19,348,873$16,372,506$25,098,064
75$36,922,336$20,236,451$16,860,468$26,855,212
76$40,625,991$21,165,613$17,362,870$28,759,600
77$44,705,452$22,138,338$17,880,136$30,824,905
78$49,198,989$23,156,698$18,412,702$33,066,138
79$54,148,775$24,222,865$18,961,016$35,499,781
80$59,601,282$25,339,117$19,525,542$38,143,934
81$65,607,718$26,507,839$20,106,752$41,018,474
82$72,224,514$27,731,532$20,705,138$44,145,234
83$79,513,855$29,012,817$21,321,200$47,548,204
84$87,544,265$30,354,443$21,955,458$51,253,742
85$96,391,257$31,759,288$22,608,443$55,290,813
86$106,138,043$33,230,370$23,280,703$59,691,254
87$116,876,320$34,770,855$23,972,803$64,490,061
88$128,707,135$36,384,058$24,685,323$69,725,706
89$141,741,841$38,073,454$25,418,859$75,440,492
90$156,103,144$39,842,688$26,174,026$81,680,933
91$171,926,264$41,695,579$26,951,455$88,498,184
92$189,360,211$43,636,131$27,751,797$95,948,508
93$208,569,191$45,668,540$28,575,721$104,093,789
94$229,734,155$47,797,205$29,423,914$113,002,104
95$253,054,510$50,026,739$30,297,086$122,748,349
96$278,749,996$52,361,975$31,195,964$133,414,927
97$307,062,765$54,807,982$32,121,299$145,092,506
98$338,259,665$57,370,071$33,073,860$157,880,859
99$372,634,758$60,053,812$34,054,442$171,889,784
100$410,512,099$62,865,044$35,063,861$187,240,122