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

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$1,007,465$998,491$989,735$981,190$972,845$943,215
2 years$498,745$489,456$480,454$471,726$463,260$433,662
3 years$329,194$319,865$310,886$302,239$293,911$265,274
4 years$244,435$235,135$226,245$217,746$209,620$182,163
5 years$193,593$184,348$175,575$167,250$159,350$133,148
6 years$159,709$150,534$141,891$133,751$126,088$101,163
7 years$135,516$126,419$117,912$109,964$102,543$78,895
8 years$117,379$108,364$99,999$92,246$85,069$62,682
9 years$103,281$94,350$86,129$78,573$71,641$50,491
10 years$92,008$83,165$75,089$67,731$61,042$41,099
11 years$82,791$74,037$66,107$58,946$52,498$33,727
12 years$75,116$66,452$58,669$51,704$45,493$27,856
13 years$68,627$60,053$52,416$45,647$39,671$23,126
14 years$63,069$54,586$47,096$40,520$34,776$19,279
15 years$58,257$49,866$42,522$36,137$30,619$16,127
16 years$54,051$45,751$38,552$32,357$27,061$13,529
17 years$50,343$42,135$35,081$29,072$23,994$11,375
18 years$47,051$38,934$32,024$26,200$21,335$9,582
19 years$44,109$36,084$29,317$23,674$19,016$8,085
20 years$41,464$33,531$26,906$21,441$16,986$6,831
21 years$39,074$31,233$24,748$19,459$15,200$5,778
22 years$36,905$29,155$22,809$17,693$13,625$4,892
23 years$34,927$27,268$21,060$16,113$12,230$4,145
24 years$33,116$25,548$19,477$14,696$10,993$3,515
25 years$31,453$23,976$18,040$13,421$9,892$2,982
26 years$29,921$22,533$16,731$12,272$8,910$2,531
27 years$28,504$21,206$15,536$11,233$8,033$2,149
28 years$27,191$19,983$14,443$10,292$7,249$1,825
29 years$25,971$18,851$13,440$9,438$6,545$1,551
30 years$24,834$17,803$12,519$8,661$5,914$1,318
31 years$23,772$16,830$11,671$7,955$5,347$1,121
32 years$22,779$15,925$10,889$7,311$4,837$953
33 years$21,848$15,081$10,167$6,723$4,377$810
34 years$20,974$14,293$9,500$6,186$3,963$689
35 years$20,152$13,557$8,882$5,694$3,590$586
36 years$19,376$12,867$8,309$5,244$3,252$498
37 years$18,645$12,221$7,777$4,832$2,948$424
38 years$17,954$11,614$7,283$4,454$2,672$361
39 years$17,299$11,044$6,823$4,106$2,423$307
40 years$16,679$10,508$6,395$3,788$2,198$261
41 years$16,091$10,002$5,997$3,495$1,994$222
42 years$15,532$9,526$5,625$3,225$1,809$189
43 years$15,001$9,076$5,278$2,977$1,642$161
44 years$14,495$8,651$4,955$2,749$1,491$137
45 years$14,013$8,250$4,652$2,539$1,353$116
46 years$13,554$7,870$4,370$2,345$1,229$99
47 years$13,115$7,511$4,105$2,166$1,116$84
48 years$12,696$7,170$3,858$2,002$1,013$72
49 years$12,295$6,847$3,626$1,850$920$61
50 years$11,911$6,540$3,409$1,710$836$52

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 $4,762 every year, while hoping to spend $53,560 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: 68/27/5 Blend
63$12,200,000$12,200,000$12,200,000$12,200,000
64$13,449,312$12,802,712$12,613,612$14,355,883
65$14,764,154$13,373,057$12,979,181$15,526,819
66$16,211,316$13,969,555$13,355,201$16,799,792
67$17,804,236$14,593,429$13,741,966$18,190,304
68$19,557,724$15,245,963$14,139,777$19,709,833
69$21,488,097$15,928,500$14,548,946$21,371,003
70$23,613,336$16,642,451$14,969,789$23,187,702
71$25,953,254$17,389,288$15,402,634$25,175,214
72$28,529,681$18,170,558$15,847,817$27,350,351
73$31,366,673$18,987,880$16,305,684$29,731,618
74$34,490,738$19,842,950$16,776,588$32,339,377
75$37,931,084$20,737,546$17,260,895$35,196,037
76$41,719,898$21,673,529$17,758,978$38,326,266
77$45,892,646$22,652,850$18,271,222$41,757,212
78$50,488,409$23,677,553$18,798,022$45,518,762
79$55,550,254$24,749,781$19,339,783$49,643,815
80$61,125,636$25,871,776$19,896,922$54,168,590
81$67,266,849$27,045,891$20,469,866$59,132,961
82$74,031,517$28,274,588$21,059,056$64,580,831
83$81,483,139$29,560,451$21,664,942$70,560,540
84$89,691,690$30,906,184$22,287,988$77,125,311
85$98,734,277$32,314,622$22,928,671$84,333,756
86$108,695,870$33,788,735$23,587,478$92,250,414
87$119,670,103$35,331,636$24,264,912$100,946,357
88$131,760,155$36,946,589$24,961,489$110,499,857
89$145,079,730$38,637,011$25,677,738$120,997,113
90$159,754,122$40,406,484$26,414,202$132,533,059
91$175,921,405$42,258,764$27,171,440$145,212,254
92$193,733,730$44,197,785$27,950,025$159,149,858
93$213,358,765$46,227,671$28,750,545$174,472,716
94$234,981,276$48,352,744$29,573,605$191,320,537
95$258,804,870$50,577,532$30,419,825$209,847,212
96$285,053,919$52,906,784$31,289,841$230,222,255
97$313,975,676$55,345,473$32,184,308$252,632,390
98$345,842,609$57,898,816$33,103,897$277,283,306
99$380,954,974$60,572,277$34,049,296$304,401,587
100$419,643,648$63,371,585$35,021,214$334,236,837