Can I retire at age 64 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$990,949$982,122$973,510$965,105$956,897$948,879
2 years$490,569$481,432$472,578$463,993$455,665$447,585
3 years$323,797$314,621$305,789$297,285$289,093$281,199
4 years$240,428$231,280$222,536$214,177$206,183$198,538
5 years$190,419$181,326$172,697$164,508$156,737$149,363
6 years$157,091$148,067$139,565$131,559$124,021$116,926
7 years$133,294$124,346$115,979$108,162$100,862$94,051
8 years$115,455$106,588$98,360$90,734$83,675$77,147
9 years$101,588$92,804$84,717$77,285$70,466$64,219
10 years$90,500$81,802$73,858$66,621$60,041$54,071
11 years$81,434$72,823$65,024$57,980$51,637$45,940
12 years$73,885$65,362$57,707$50,856$44,748$39,319
13 years$67,502$59,068$51,557$44,898$39,021$33,853
14 years$62,035$53,692$46,324$39,856$34,205$29,293
15 years$57,302$49,048$41,825$35,544$30,117$25,453
16 years$53,165$45,001$37,920$31,826$26,618$22,194
17 years$49,518$41,444$34,506$28,595$23,601$19,411
18 years$46,279$38,296$31,499$25,770$20,985$17,020
19 years$43,385$35,493$28,836$23,286$18,704$14,957
20 years$40,784$32,981$26,464$21,090$16,707$13,169
21 years$38,434$30,721$24,342$19,140$14,951$11,614
22 years$36,300$28,677$22,435$17,403$13,401$10,258
23 years$34,354$26,821$20,715$15,849$12,030$9,071
24 years$32,574$25,129$19,158$14,455$10,813$8,031
25 years$30,938$23,583$17,744$13,201$9,730$7,117
26 years$29,430$22,164$16,457$12,071$8,764$6,312
27 years$28,037$20,859$15,281$11,049$7,902$5,602
28 years$26,745$19,655$14,206$10,123$7,130$4,976
29 years$25,545$18,542$13,220$9,283$6,438$4,422
30 years$24,427$17,511$12,314$8,519$5,817$3,932
31 years$23,383$16,554$11,480$7,824$5,259$3,498
32 years$22,406$15,663$10,711$7,191$4,757$3,113
33 years$21,490$14,834$10,001$6,613$4,305$2,771
34 years$20,630$14,059$9,344$6,084$3,898$2,468
35 years$19,821$13,335$8,736$5,601$3,531$2,198
36 years$19,059$12,656$8,172$5,158$3,199$1,959
37 years$18,339$12,021$7,649$4,753$2,899$1,746
38 years$17,659$11,424$7,163$4,381$2,629$1,556
39 years$17,016$10,863$6,711$4,039$2,384$1,387
40 years$16,406$10,335$6,290$3,725$2,162$1,237
41 years$15,827$9,838$5,898$3,437$1,961$1,103
42 years$15,278$9,370$5,533$3,172$1,780$984
43 years$14,755$8,927$5,192$2,928$1,615$878
44 years$14,258$8,510$4,873$2,704$1,466$783
45 years$13,784$8,115$4,576$2,497$1,331$699
46 years$13,332$7,741$4,298$2,307$1,209$623
47 years$12,900$7,387$4,038$2,131$1,097$556
48 years$12,488$7,052$3,794$1,969$997$496
49 years$12,094$6,735$3,567$1,820$905$443
50 years$11,716$6,433$3,353$1,682$822$395

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $12,000,000, adding $4,177 every year, while hoping to spend $44,818 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: 47/32/21 Blend
63$12,000,000$12,000,000$12,000,000$12,000,000
64$13,228,309$12,592,309$12,406,309$13,770,755
65$14,529,910$13,161,646$12,774,234$14,719,548
66$15,962,773$13,757,378$13,152,983$15,743,968
67$17,540,238$14,380,752$13,542,870$16,854,983
68$19,277,007$15,033,073$13,944,220$18,060,716
69$21,189,277$15,715,710$14,357,367$19,370,089
70$23,294,898$16,430,094$14,782,654$20,792,902
71$25,613,539$17,177,730$15,220,434$22,339,922
72$28,166,872$17,960,191$15,671,071$24,022,983
73$30,978,778$18,779,125$16,134,937$25,855,089
74$34,075,574$19,636,263$16,612,418$27,850,533
75$37,486,257$20,533,414$17,103,908$30,025,029
76$41,242,781$21,472,478$17,609,815$32,395,853
77$45,380,358$22,455,443$18,130,558$34,982,000
78$49,937,789$23,484,394$18,666,565$37,804,360
79$54,957,829$24,561,515$19,218,281$40,885,908
80$60,487,595$25,689,096$19,786,161$44,251,915
81$66,579,005$26,869,537$20,370,673$47,930,179
82$73,289,272$28,105,353$20,972,298$51,951,281
83$80,681,441$29,399,178$21,591,533$56,348,868
84$88,824,986$30,753,776$22,228,888$61,159,961
85$97,796,465$32,172,041$22,884,886$66,425,298
86$107,680,241$33,657,008$23,560,067$72,189,710
87$118,569,282$35,211,858$24,254,985$78,502,537
88$130,566,033$36,839,923$24,970,211$85,418,082
89$143,783,387$38,544,698$25,706,332$92,996,118
90$158,345,749$40,329,845$26,463,951$101,302,439
91$174,390,211$42,199,203$27,243,688$110,409,474
92$192,067,843$44,156,794$28,046,183$120,396,958
93$211,545,123$46,206,838$28,872,090$131,352,676
94$233,005,507$48,353,754$29,722,086$143,373,275
95$256,651,157$50,602,176$30,596,864$156,565,172
96$282,704,854$52,956,962$31,497,139$171,045,539
97$311,412,101$55,423,204$32,423,644$186,943,400
98$343,043,433$58,006,240$33,377,135$204,400,833
99$377,896,982$60,711,664$34,358,387$223,574,298
100$416,301,281$63,545,342$35,368,200$244,636,099