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%18.7%
1 years$974,433$965,753$957,285$949,019$940,949$907,924
2 years$482,393$473,408$464,701$456,259$448,071$415,146
3 years$318,401$309,378$300,693$292,330$284,274$252,484
4 years$236,421$227,425$218,827$210,607$202,747$172,333
5 years$187,245$178,304$169,819$161,766$154,125$125,169
6 years$154,473$145,599$137,239$129,366$121,954$94,477
7 years$131,073$122,274$114,046$106,359$99,181$73,178
8 years$113,531$104,811$96,720$89,222$82,280$57,729
9 years$99,894$91,257$83,305$75,997$69,292$46,162
10 years$88,992$80,438$72,627$65,510$59,040$37,292
11 years$80,077$71,610$63,940$57,014$50,777$30,366
12 years$72,653$64,273$56,745$50,009$44,002$24,881
13 years$66,377$58,084$50,698$44,150$38,370$20,489
14 years$61,001$52,797$45,552$39,192$33,635$16,939
15 years$56,347$48,231$41,128$34,952$29,615$14,049
16 years$52,278$44,251$37,288$31,296$26,174$11,684
17 years$48,692$40,753$33,931$28,119$23,208$9,738
18 years$45,508$37,658$30,974$25,341$20,635$8,130
19 years$42,662$34,901$28,356$22,898$18,393$6,798
20 years$40,104$32,432$26,023$20,738$16,429$5,691
21 years$37,793$30,209$23,936$18,821$14,702$4,769
22 years$35,695$28,199$22,061$17,113$13,178$4,000
23 years$33,782$26,374$20,370$15,585$11,829$3,358
24 years$32,031$24,711$18,838$14,214$10,633$2,820
25 years$30,422$23,190$17,448$12,981$9,568$2,369
26 years$28,940$21,795$16,182$11,870$8,618$1,992
27 years$27,570$20,511$15,027$10,864$7,770$1,675
28 years$26,300$19,328$13,969$9,954$7,011$1,409
29 years$25,119$18,233$13,000$9,128$6,331$1,185
30 years$24,020$17,219$12,109$8,377$5,720$998
31 years$22,993$16,278$11,289$7,694$5,172$840
32 years$22,033$15,402$10,532$7,071$4,678$707
33 years$21,132$14,586$9,834$6,502$4,234$595
34 years$20,286$13,825$9,188$5,983$3,833$501
35 years$19,491$13,112$8,591$5,507$3,472$422
36 years$18,741$12,446$8,036$5,072$3,146$355
37 years$18,034$11,820$7,522$4,673$2,851$299
38 years$17,365$11,234$7,044$4,308$2,585$252
39 years$16,732$10,682$6,599$3,972$2,344$212
40 years$16,132$10,163$6,186$3,663$2,126$179
41 years$15,564$9,674$5,800$3,380$1,929$151
42 years$15,023$9,213$5,441$3,119$1,750$127
43 years$14,509$8,779$5,105$2,879$1,588$107
44 years$14,020$8,368$4,792$2,659$1,442$90
45 years$13,554$7,979$4,500$2,455$1,309$76
46 years$13,109$7,612$4,226$2,268$1,188$64
47 years$12,685$7,264$3,971$2,095$1,079$54
48 years$12,280$6,935$3,731$1,936$980$45
49 years$11,892$6,622$3,507$1,789$890$38
50 years$11,521$6,326$3,297$1,654$808$32

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 $4,598 every year, while hoping to spend $34,850 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: 44/45/11 Blend
63$11,800,000$11,800,000$11,800,000$11,800,000
64$13,008,343$12,382,943$12,200,043$13,539,480
65$14,298,114$12,952,627$12,571,664$14,478,985
66$15,718,273$13,549,057$12,954,567$15,492,750
67$17,282,084$14,173,508$13,349,092$16,590,719
68$19,004,161$14,827,314$13,755,591$17,780,649
69$20,900,608$15,511,875$14,174,425$19,071,051
70$22,989,170$16,228,657$14,605,969$20,471,263
71$25,289,401$16,979,197$15,050,605$21,991,537
72$27,822,849$17,765,107$15,508,729$23,643,125
73$30,613,258$18,588,076$15,980,749$25,438,385
74$33,686,791$19,449,872$16,467,085$27,390,885
75$37,072,281$20,352,353$16,968,170$29,515,532
76$40,801,497$21,297,462$17,484,448$31,828,700
77$44,909,451$22,287,239$18,016,378$34,348,377
78$49,434,722$23,323,821$18,564,433$37,094,334
79$54,419,822$24,409,446$19,129,100$40,088,296
80$59,911,600$25,546,465$19,710,881$43,354,146
81$65,961,678$26,737,337$20,310,291$46,918,135
82$72,626,946$27,984,644$20,927,862$50,809,125
83$79,970,093$29,291,089$21,564,144$55,058,853
84$88,060,200$30,659,510$22,219,700$59,702,218
85$96,973,391$32,092,877$22,895,111$64,777,600
86$106,793,557$33,594,307$23,590,977$70,327,215
87$117,613,139$35,167,068$24,307,913$76,397,498
88$129,534,007$36,814,582$25,046,557$83,039,534
89$142,668,420$38,540,441$25,807,561$90,309,523
90$157,140,085$40,348,409$26,591,600$98,269,302
91$173,085,323$42,242,431$27,399,369$106,986,913
92$190,654,360$44,226,643$28,231,581$116,537,230
93$210,012,740$46,305,384$29,088,974$127,002,654
94$231,342,891$48,483,199$29,972,306$138,473,873
95$254,845,846$50,764,856$30,882,359$151,050,705
96$280,743,141$53,155,353$31,819,937$164,843,017
97$309,278,906$55,659,930$32,785,869$179,971,751
98$340,722,167$58,284,079$33,781,008$196,570,044
99$375,369,390$61,033,561$34,806,234$214,784,465
100$413,547,277$63,914,415$35,862,453$234,776,379