Can I retire at age 64 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$999,207$990,306$981,623$973,147$964,871$944,617
2 years$494,657$485,444$476,516$467,859$459,462$439,153
3 years$326,495$317,243$308,337$299,762$291,502$271,770
4 years$242,431$233,207$224,391$215,962$207,902$188,899
5 years$192,006$182,837$174,136$165,879$158,043$139,824
6 years$158,400$149,300$140,728$132,655$125,054$107,638
7 years$134,405$125,382$116,946$109,063$101,703$85,093
8 years$116,417$107,476$99,179$91,490$84,372$68,563
9 years$102,434$93,577$85,423$77,929$71,054$56,035
10 years$91,254$82,484$74,474$67,176$60,541$46,298
11 years$82,113$73,430$65,565$58,463$52,067$38,581
12 years$74,500$65,907$58,188$51,280$45,121$32,371
13 years$68,064$59,561$51,987$45,273$39,346$27,311
14 years$62,552$54,139$46,710$40,188$34,490$23,147
15 years$57,780$49,457$42,173$35,841$30,368$19,691
16 years$53,608$45,376$38,236$32,091$26,839$16,803
17 years$49,930$41,789$34,793$28,834$23,798$14,377
18 years$46,665$38,615$31,762$25,985$21,160$12,328
19 years$43,747$35,788$29,077$23,480$18,860$10,590
20 years$41,124$33,256$26,685$21,265$16,846$9,112
21 years$38,754$30,977$24,545$19,300$15,076$7,851
22 years$36,602$28,916$22,622$17,548$13,513$6,772
23 years$34,641$27,044$20,887$15,981$12,130$5,847
24 years$32,845$25,339$19,317$14,576$10,903$5,053
25 years$31,196$23,779$17,892$13,311$9,811$4,370
26 years$29,676$22,349$16,594$12,171$8,837$3,781
27 years$28,271$21,033$15,409$11,141$7,968$3,274
28 years$26,968$19,819$14,324$10,207$7,189$2,836
29 years$25,758$18,697$13,330$9,360$6,492$2,457
30 years$24,630$17,657$12,416$8,590$5,866$2,130
31 years$23,578$16,692$11,576$7,890$5,303$1,847
32 years$22,593$15,794$10,800$7,251$4,797$1,602
33 years$21,669$14,957$10,084$6,668$4,341$1,390
34 years$20,802$14,176$9,422$6,135$3,931$1,206
35 years$19,986$13,446$8,809$5,647$3,560$1,047
36 years$19,218$12,762$8,241$5,201$3,226$908
37 years$18,492$12,121$7,713$4,792$2,924$789
38 years$17,806$11,519$7,223$4,417$2,650$685
39 years$17,158$10,954$6,767$4,073$2,403$594
40 years$16,543$10,421$6,343$3,757$2,180$516
41 years$15,959$9,920$5,948$3,466$1,978$448
42 years$15,405$9,448$5,579$3,199$1,795$389
43 years$14,878$9,002$5,235$2,953$1,629$338
44 years$14,377$8,581$4,914$2,726$1,478$294
45 years$13,899$8,182$4,614$2,518$1,342$255
46 years$13,443$7,806$4,334$2,326$1,219$222
47 years$13,008$7,449$4,071$2,149$1,107$192
48 years$12,592$7,111$3,826$1,985$1,005$167
49 years$12,194$6,791$3,596$1,835$913$145
50 years$11,814$6,487$3,381$1,696$829$126

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $12,100,000, adding $6,616 every year, while hoping to spend $25,471 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: 59/14/27 Blend
63$12,100,000$12,100,000$12,100,000$12,100,000
64$13,341,024$12,699,724$12,512,174$14,030,089
65$14,674,708$13,294,910$12,904,231$15,096,615
66$16,143,574$13,918,406$13,308,568$16,256,102
67$17,761,383$14,571,573$13,725,570$17,520,323
68$19,543,300$15,255,836$14,155,633$18,899,457
69$21,506,037$15,972,692$14,599,167$20,404,703
70$23,668,005$16,723,707$15,056,592$22,048,382
71$26,049,498$17,510,525$15,528,344$23,844,049
72$28,672,875$18,334,868$16,014,871$25,806,620
73$31,562,776$19,198,544$16,516,637$27,952,511
74$34,746,352$20,103,446$17,034,118$30,299,786
75$38,253,525$21,051,560$17,567,805$32,868,329
76$42,117,265$22,044,967$18,118,207$35,680,022
77$46,373,906$23,085,850$18,685,847$38,758,958
78$51,063,485$24,176,498$19,271,264$42,131,653
79$56,230,124$25,319,310$19,875,015$45,827,303
80$61,922,443$26,516,802$20,497,674$49,878,048
81$68,194,018$27,771,612$21,139,833$54,319,277
82$75,103,893$29,086,505$21,802,101$59,189,954
83$82,717,128$30,464,381$22,485,110$64,532,982
84$91,105,421$31,908,282$23,189,507$70,395,606
85$100,347,781$33,421,395$23,915,962$76,829,850
86$110,531,274$35,007,063$24,665,167$83,893,008
87$121,751,846$36,668,792$25,437,832$91,648,174
88$134,115,228$38,410,256$26,234,693$100,164,837
89$147,737,933$40,235,310$27,056,507$109,519,530
90$162,748,356$42,147,994$27,904,054$119,796,545
91$179,287,989$44,152,546$28,778,140$131,088,722
92$197,512,752$46,253,410$29,679,596$143,498,324
93$217,594,470$48,455,243$30,609,279$157,137,989
94$239,722,487$50,762,932$31,568,072$172,131,792
95$264,105,464$53,181,599$32,556,886$188,616,405
96$290,973,341$55,716,616$33,576,660$206,742,381
97$320,579,508$58,373,617$34,628,365$226,675,568
98$353,203,200$61,158,507$35,712,998$248,598,667
99$389,152,134$64,077,481$36,831,591$272,712,944
100$428,765,409$67,137,035$37,985,206$299,240,125