Can I retire at age 64 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$941,904
2 years$502,833$493,468$484,392$475,592$467,057$428,333
3 years$331,892$322,487$313,434$304,717$296,320$259,007
4 years$246,438$237,062$228,100$219,531$211,338$175,719
5 years$195,180$185,859$177,015$168,621$160,656$126,822
6 years$161,018$151,768$143,054$134,848$127,121$95,094
7 years$136,627$127,455$118,879$110,866$103,384$73,152
8 years$118,342$109,252$100,818$93,002$85,767$57,299
9 years$104,127$95,124$86,835$79,217$72,228$45,482
10 years$92,762$83,847$75,705$68,286$61,542$36,464
11 years$83,470$74,644$66,649$59,429$52,928$29,461
12 years$75,732$66,996$59,149$52,128$45,866$23,947
13 years$69,189$60,545$52,846$46,021$39,996$19,558
14 years$63,586$55,034$47,482$40,852$35,061$16,034
15 years$58,735$50,274$42,870$36,433$30,870$13,185
16 years$54,494$46,126$38,868$32,622$27,283$10,870
17 years$50,755$42,480$35,369$29,310$24,191$8,980
18 years$47,436$39,254$32,287$26,415$21,510$7,430
19 years$44,470$36,380$29,557$23,868$19,172$6,156
20 years$41,804$33,806$27,126$21,617$17,125$5,107
21 years$39,395$31,489$24,951$19,619$15,325$4,240
22 years$37,207$29,394$22,996$17,838$13,736$3,523
23 years$35,213$27,491$21,233$16,245$12,331$2,929
24 years$33,388$25,758$19,637$14,817$11,083$2,437
25 years$31,711$24,172$18,187$13,531$9,973$2,028
26 years$30,166$22,718$16,868$12,372$8,983$1,688
27 years$28,738$21,380$15,663$11,325$8,099$1,406
28 years$27,414$20,147$14,561$10,376$7,308$1,171
29 years$26,184$19,006$13,550$9,515$6,599$976
30 years$25,037$17,949$12,622$8,732$5,963$813
31 years$23,967$16,968$11,767$8,020$5,391$678
32 years$22,966$16,055$10,979$7,371$4,876$565
33 years$22,027$15,204$10,251$6,778$4,413$471
34 years$21,146$14,410$9,578$6,236$3,996$393
35 years$20,317$13,668$8,955$5,741$3,619$327
36 years$19,535$12,973$8,377$5,287$3,279$273
37 years$18,798$12,321$7,841$4,871$2,972$228
38 years$18,101$11,710$7,342$4,490$2,694$190
39 years$17,441$11,135$6,879$4,140$2,443$158
40 years$16,816$10,594$6,448$3,819$2,216$132
41 years$16,223$10,084$6,046$3,523$2,010$110
42 years$15,660$9,604$5,671$3,251$1,824$92
43 years$15,124$9,151$5,322$3,001$1,656$77
44 years$14,614$8,722$4,995$2,771$1,503$64
45 years$14,128$8,318$4,690$2,559$1,364$53
46 years$13,665$7,935$4,405$2,364$1,239$44
47 years$13,223$7,572$4,139$2,184$1,125$37
48 years$12,800$7,229$3,889$2,018$1,022$31
49 years$12,396$6,903$3,656$1,865$928$26
50 years$12,009$6,594$3,437$1,724$843$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $12,300,000, adding $2,851 every year, while hoping to spend $25,941 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: 37/49/14 Blend
63$12,300,000$12,300,000$12,300,000$12,300,000
64$13,557,541$12,905,641$12,714,991$14,001,117
65$14,912,809$13,510,416$13,113,342$14,924,241
66$16,405,445$14,143,956$13,524,168$15,917,995
67$18,049,433$14,807,643$13,947,861$16,990,819
68$19,860,183$15,502,925$14,384,822$18,149,802
69$21,854,675$16,231,322$14,835,467$19,402,707
70$24,051,621$16,994,426$15,300,224$20,758,044
71$26,471,640$17,793,906$15,779,536$22,225,142
72$29,137,454$18,631,514$16,273,857$23,814,233
73$32,074,101$19,509,085$16,783,657$25,536,536
74$35,309,172$20,428,542$17,309,422$27,404,361
75$38,873,070$21,391,904$17,851,650$29,431,214
76$42,799,300$22,401,284$18,410,858$31,631,917
77$47,124,783$23,458,901$18,987,576$34,022,742
78$51,890,204$24,567,080$19,582,353$36,621,552
79$57,140,396$25,728,259$20,195,753$39,447,962
80$62,924,766$26,944,993$20,828,360$42,523,516
81$69,297,757$28,219,963$21,480,775$45,871,876
82$76,319,366$29,555,978$22,153,618$49,519,041
83$84,055,705$30,955,985$22,847,529$53,493,573
84$92,579,632$32,423,073$23,563,165$57,826,863
85$101,971,431$33,960,481$24,301,209$62,553,410
86$112,319,578$35,571,605$25,062,360$67,711,135
87$123,721,568$37,260,007$25,847,342$73,341,728
88$136,284,840$39,029,420$26,656,901$79,491,022
89$150,127,793$40,883,760$27,491,805$86,209,417
90$165,380,896$42,827,133$28,352,849$93,552,337
91$182,187,928$44,863,843$29,240,850$101,580,735
92$200,707,330$46,998,404$30,156,652$110,361,659
93$221,113,702$49,235,550$31,101,124$119,968,858
94$243,599,452$51,580,245$32,075,165$130,483,466
95$268,376,612$54,037,693$33,079,698$141,994,745
96$295,678,837$56,613,350$34,115,679$154,600,911
97$325,763,616$59,312,942$35,184,091$168,410,035
98$358,914,696$62,142,467$36,285,950$183,541,045
99$395,444,767$65,108,220$37,422,301$200,124,822
100$435,698,409$68,216,799$38,594,224$218,305,414