Can I retire at age 64 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,007,465$998,491$989,735$981,190$972,845$953,983
2 years$498,745$489,456$480,454$471,726$463,260$444,333
3 years$329,194$319,865$310,886$302,239$293,911$275,510
4 years$244,435$235,135$226,245$217,746$209,620$191,886
5 years$193,593$184,348$175,575$167,250$159,350$142,334
6 years$159,709$150,534$141,891$133,751$126,088$109,809
7 years$135,516$126,419$117,912$109,964$102,543$87,004
8 years$117,379$108,364$99,999$92,246$85,069$70,267
9 years$103,281$94,350$86,129$78,573$71,641$57,565
10 years$92,008$83,165$75,089$67,731$61,042$47,679
11 years$82,791$74,037$66,107$58,946$52,498$39,833
12 years$75,116$66,452$58,669$51,704$45,493$33,508
13 years$68,627$60,053$52,416$45,647$39,671$28,346
14 years$63,069$54,586$47,096$40,520$34,776$24,089
15 years$58,257$49,866$42,522$36,137$30,619$20,549
16 years$54,051$45,751$38,552$32,357$27,061$17,585
17 years$50,343$42,135$35,081$29,072$23,994$15,089
18 years$47,051$38,934$32,024$26,200$21,335$12,976
19 years$44,109$36,084$29,317$23,674$19,016$11,181
20 years$41,464$33,531$26,906$21,441$16,986$9,649
21 years$39,074$31,233$24,748$19,459$15,200$8,339
22 years$36,905$29,155$22,809$17,693$13,625$7,215
23 years$34,927$27,268$21,060$16,113$12,230$6,249
24 years$33,116$25,548$19,477$14,696$10,993$5,417
25 years$31,453$23,976$18,040$13,421$9,892$4,700
26 years$29,921$22,533$16,731$12,272$8,910$4,080
27 years$28,504$21,206$15,536$11,233$8,033$3,544
28 years$27,191$19,983$14,443$10,292$7,249$3,080
29 years$25,971$18,851$13,440$9,438$6,545$2,678
30 years$24,834$17,803$12,519$8,661$5,914$2,329
31 years$23,772$16,830$11,671$7,955$5,347$2,026
32 years$22,779$15,925$10,889$7,311$4,837$1,763
33 years$21,848$15,081$10,167$6,723$4,377$1,535
34 years$20,974$14,293$9,500$6,186$3,963$1,336
35 years$20,152$13,557$8,882$5,694$3,590$1,163
36 years$19,376$12,867$8,309$5,244$3,252$1,013
37 years$18,645$12,221$7,777$4,832$2,948$883
38 years$17,954$11,614$7,283$4,454$2,672$769
39 years$17,299$11,044$6,823$4,106$2,423$670
40 years$16,679$10,508$6,395$3,788$2,198$584
41 years$16,091$10,002$5,997$3,495$1,994$509
42 years$15,532$9,526$5,625$3,225$1,809$443
43 years$15,001$9,076$5,278$2,977$1,642$386
44 years$14,495$8,651$4,955$2,749$1,491$337
45 years$14,013$8,250$4,652$2,539$1,353$293
46 years$13,554$7,870$4,370$2,345$1,229$256
47 years$13,115$7,511$4,105$2,166$1,116$223
48 years$12,696$7,170$3,858$2,002$1,013$194
49 years$12,295$6,847$3,626$1,850$920$169
50 years$11,911$6,540$3,409$1,710$836$148

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $12,200,000, adding $3,893 every year, while hoping to spend $55,528 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: 72/20/8 Blend
63$12,200,000$12,200,000$12,200,000$12,200,000
64$13,448,416$12,801,816$12,612,716$14,398,806
65$14,761,073$13,370,023$12,976,160$15,595,002
66$16,205,760$13,964,212$13,349,919$16,896,997
67$17,795,885$14,585,596$13,734,279$18,320,976
68$19,546,223$15,235,448$14,129,535$19,878,953
69$21,473,053$15,915,100$14,535,990$21,584,150
70$23,594,313$16,625,949$14,953,954$23,451,116
71$25,929,768$17,369,455$15,383,747$25,495,869
72$28,501,197$18,147,152$15,825,696$27,736,038
73$31,332,601$18,960,643$16,280,137$30,191,029
74$34,450,422$19,811,611$16,747,418$32,882,206
75$37,883,801$20,701,815$17,227,892$35,833,088
76$41,664,846$21,633,102$17,721,924$39,069,569
77$45,828,941$22,607,404$18,229,889$42,620,160
78$50,415,072$23,626,747$18,752,170$46,516,253
79$55,466,205$24,693,253$19,289,163$50,792,414
80$61,029,679$25,809,144$19,841,272$55,486,707
81$67,157,665$26,976,750$20,408,913$60,641,047
82$73,907,648$28,198,513$20,992,513$66,301,594
83$81,342,977$29,476,988$21,592,510$72,519,184
84$89,533,457$30,814,857$22,209,355$79,349,803
85$98,556,010$32,214,926$22,843,510$86,855,113
86$108,495,404$33,680,138$23,495,448$95,103,026
87$119,445,046$35,213,575$24,165,657$104,168,345
88$131,507,870$36,818,469$24,854,635$114,133,460
89$144,797,303$38,498,206$25,562,896$125,089,122
90$159,438,342$40,256,331$26,290,967$137,135,296
91$175,568,725$42,096,564$27,039,387$150,382,094
92$193,340,239$44,022,799$27,808,710$164,950,814
93$212,920,148$46,039,121$28,599,506$180,975,074
94$234,492,772$48,149,807$29,412,359$198,602,067
95$258,261,230$50,359,342$30,247,868$217,993,945
96$284,449,351$52,672,426$31,106,647$239,329,342
97$313,303,793$55,093,983$31,989,328$262,805,052
98$345,096,367$57,629,175$32,896,558$288,637,876
99$380,126,605$60,283,413$33,829,001$317,066,667
100$418,724,585$63,062,367$34,787,339$348,354,567