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

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 $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%11.2%
1 years$990,949$982,122$973,510$965,105$956,897$952,064
2 years$490,569$481,432$472,578$463,993$455,665$450,788
3 years$323,797$314,621$305,789$297,285$289,093$284,322
4 years$240,428$231,280$222,536$214,177$206,183$201,556
5 years$190,419$181,326$172,697$164,508$156,737$152,266
6 years$157,091$148,067$139,565$131,559$124,021$119,713
7 years$133,294$124,346$115,979$108,162$100,862$96,719
8 years$115,455$106,588$98,360$90,734$83,675$79,696
9 years$101,588$92,804$84,717$77,285$70,466$66,652
10 years$90,500$81,802$73,858$66,621$60,041$56,389
11 years$81,434$72,823$65,024$57,980$51,637$48,145
12 years$73,885$65,362$57,707$50,856$44,748$41,413
13 years$67,502$59,068$51,557$44,898$39,021$35,840
14 years$62,035$53,692$46,324$39,856$34,205$31,175
15 years$57,302$49,048$41,825$35,544$30,117$27,233
16 years$53,165$45,001$37,920$31,826$26,618$23,876
17 years$49,518$41,444$34,506$28,595$23,601$20,997
18 years$46,279$38,296$31,499$25,770$20,985$18,515
19 years$43,385$35,493$28,836$23,286$18,704$16,364
20 years$40,784$32,981$26,464$21,090$16,707$14,492
21 years$38,434$30,721$24,342$19,140$14,951$12,856
22 years$36,300$28,677$22,435$17,403$13,401$11,423
23 years$34,354$26,821$20,715$15,849$12,030$10,163
24 years$32,574$25,129$19,158$14,455$10,813$9,052
25 years$30,938$23,583$17,744$13,201$9,730$8,071
26 years$29,430$22,164$16,457$12,071$8,764$7,204
27 years$28,037$20,859$15,281$11,049$7,902$6,434
28 years$26,745$19,655$14,206$10,123$7,130$5,751
29 years$25,545$18,542$13,220$9,283$6,438$5,144
30 years$24,427$17,511$12,314$8,519$5,817$4,604
31 years$23,383$16,554$11,480$7,824$5,259$4,122
32 years$22,406$15,663$10,711$7,191$4,757$3,692
33 years$21,490$14,834$10,001$6,613$4,305$3,309
34 years$20,630$14,059$9,344$6,084$3,898$2,966
35 years$19,821$13,335$8,736$5,601$3,531$2,660
36 years$19,059$12,656$8,172$5,158$3,199$2,386
37 years$18,339$12,021$7,649$4,753$2,899$2,141
38 years$17,659$11,424$7,163$4,381$2,629$1,922
39 years$17,016$10,863$6,711$4,039$2,384$1,725
40 years$16,406$10,335$6,290$3,725$2,162$1,549
41 years$15,827$9,838$5,898$3,437$1,961$1,391
42 years$15,278$9,370$5,533$3,172$1,780$1,249
43 years$14,755$8,927$5,192$2,928$1,615$1,122
44 years$14,258$8,510$4,873$2,704$1,466$1,008
45 years$13,784$8,115$4,576$2,497$1,331$905
46 years$13,332$7,741$4,298$2,307$1,209$814
47 years$12,900$7,387$4,038$2,131$1,097$731
48 years$12,488$7,052$3,794$1,969$997$657
49 years$12,094$6,735$3,567$1,820$905$590
50 years$11,716$6,433$3,353$1,682$822$531

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 $4,382 every year, while hoping to spend $30,891 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: 60/10/30 Blend
63$12,000,000$12,000,000$12,000,000$12,000,000
64$13,228,520$12,592,520$12,406,520$13,913,950
65$14,544,961$13,176,686$12,789,271$14,967,179
66$15,994,644$13,788,440$13,183,808$16,112,288
67$17,591,127$14,429,103$13,590,495$17,361,262
68$19,349,349$15,100,056$14,009,704$18,724,241
69$21,285,774$15,802,750$14,441,820$20,212,382
70$23,418,542$16,538,704$14,887,240$21,837,961
71$25,767,643$17,309,510$15,346,372$23,614,491
72$28,355,105$18,116,839$15,819,638$25,556,841
73$31,205,203$18,962,441$16,307,473$27,681,380
74$34,344,683$19,848,150$16,810,323$30,006,125
75$37,803,022$20,775,890$17,328,650$32,550,910
76$41,612,699$21,747,678$17,862,928$35,337,569
77$45,809,507$22,765,627$18,413,649$38,390,144
78$50,432,888$23,831,953$18,981,317$41,735,100
79$55,526,303$24,948,980$19,566,453$45,401,582
80$61,137,649$26,119,143$20,169,592$49,421,679
81$67,319,704$27,344,996$20,791,288$53,830,728
82$74,130,627$28,629,214$21,432,110$58,667,642
83$81,634,511$29,974,606$22,092,645$63,975,274
84$89,901,982$31,384,112$22,773,499$69,800,819
85$99,010,868$32,860,817$23,475,295$76,196,255
86$109,046,935$34,407,956$24,198,676$83,218,828
87$120,104,695$36,028,919$24,944,305$90,931,592
88$132,288,299$37,727,260$25,712,864$99,403,994
89$145,712,517$39,506,708$26,505,057$108,712,532
90$160,503,827$41,371,169$27,321,608$118,941,465
91$176,801,601$43,324,741$28,163,267$130,183,611
92$194,759,430$45,371,718$29,030,801$142,541,211
93$214,546,565$47,516,606$29,925,007$156,126,894
94$236,349,521$49,764,126$30,846,701$171,064,732
95$260,373,833$52,119,229$31,796,726$187,491,407
96$286,846,000$54,587,107$32,775,953$205,557,493
97$316,015,620$57,173,204$33,785,275$225,428,874
98$348,157,749$59,883,226$34,825,617$247,288,301
99$383,575,493$62,723,158$35,897,929$271,337,112
100$422,602,875$65,699,274$37,003,191$297,797,125