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

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$942,276
2 years$502,833$493,468$484,392$475,592$467,057$428,697
3 years$331,892$322,487$313,434$304,717$296,320$259,351
4 years$246,438$237,062$228,100$219,531$211,338$176,042
5 years$195,180$185,859$177,015$168,621$160,656$127,122
6 years$161,018$151,768$143,054$134,848$127,121$95,372
7 years$136,627$127,455$118,879$110,866$103,384$73,407
8 years$118,342$109,252$100,818$93,002$85,767$57,533
9 years$104,127$95,124$86,835$79,217$72,228$45,696
10 years$92,762$83,847$75,705$68,286$61,542$36,659
11 years$83,470$74,644$66,649$59,429$52,928$29,638
12 years$75,732$66,996$59,149$52,128$45,866$24,107
13 years$69,189$60,545$52,846$46,021$39,996$19,702
14 years$63,586$55,034$47,482$40,852$35,061$16,163
15 years$58,735$50,274$42,870$36,433$30,870$13,301
16 years$54,494$46,126$38,868$32,622$27,283$10,974
17 years$50,755$42,480$35,369$29,310$24,191$9,072
18 years$47,436$39,254$32,287$26,415$21,510$7,512
19 years$44,470$36,380$29,557$23,868$19,172$6,229
20 years$41,804$33,806$27,126$21,617$17,125$5,171
21 years$39,395$31,489$24,951$19,619$15,325$4,297
22 years$37,207$29,394$22,996$17,838$13,736$3,573
23 years$35,213$27,491$21,233$16,245$12,331$2,973
24 years$33,388$25,758$19,637$14,817$11,083$2,475
25 years$31,711$24,172$18,187$13,531$9,973$2,062
26 years$30,166$22,718$16,868$12,372$8,983$1,718
27 years$28,738$21,380$15,663$11,325$8,099$1,432
28 years$27,414$20,147$14,561$10,376$7,308$1,193
29 years$26,184$19,006$13,550$9,515$6,599$995
30 years$25,037$17,949$12,622$8,732$5,963$830
31 years$23,967$16,968$11,767$8,020$5,391$692
32 years$22,966$16,055$10,979$7,371$4,876$578
33 years$22,027$15,204$10,251$6,778$4,413$482
34 years$21,146$14,410$9,578$6,236$3,996$402
35 years$20,317$13,668$8,955$5,741$3,619$335
36 years$19,535$12,973$8,377$5,287$3,279$280
37 years$18,798$12,321$7,841$4,871$2,972$234
38 years$18,101$11,710$7,342$4,490$2,694$195
39 years$17,441$11,135$6,879$4,140$2,443$163
40 years$16,816$10,594$6,448$3,819$2,216$136
41 years$16,223$10,084$6,046$3,523$2,010$113
42 years$15,660$9,604$5,671$3,251$1,824$95
43 years$15,124$9,151$5,322$3,001$1,656$79
44 years$14,614$8,722$4,995$2,771$1,503$66
45 years$14,128$8,318$4,690$2,559$1,364$55
46 years$13,665$7,935$4,405$2,364$1,239$46
47 years$13,223$7,572$4,139$2,184$1,125$38
48 years$12,800$7,229$3,889$2,018$1,022$32
49 years$12,396$6,903$3,656$1,865$928$27
50 years$12,009$6,594$3,437$1,724$843$22

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 $4,113 every year, while hoping to spend $48,671 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: 42/30/28 Blend
63$12,300,000$12,300,000$12,300,000$12,300,000
64$13,558,843$12,906,943$12,716,293$14,016,946
65$14,890,059$13,487,597$13,090,503$14,927,857
66$16,355,428$14,095,073$13,475,618$15,908,815
67$17,968,582$14,730,632$13,871,952$16,970,261
68$19,744,543$15,395,598$14,279,827$18,119,658
69$21,699,861$16,091,357$14,699,576$19,365,200
70$23,852,774$16,819,361$15,131,539$20,715,883
71$26,223,380$17,581,133$15,576,069$22,181,589
72$28,833,823$18,378,266$16,033,526$23,773,175
73$31,708,505$19,212,433$16,504,280$25,502,567
74$34,874,313$20,085,383$16,988,714$27,382,872
75$38,360,877$20,998,951$17,487,220$29,428,496
76$42,200,847$21,955,059$18,000,202$31,655,270
77$46,430,199$22,955,723$18,528,075$34,080,601
78$51,088,578$24,003,052$19,071,264$36,723,626
79$56,219,670$25,099,259$19,630,209$39,605,388
80$61,871,616$26,246,662$20,205,360$42,749,028
81$68,097,462$27,447,690$20,797,181$46,179,998
82$74,955,666$28,704,889$21,406,149$49,926,292
83$82,510,642$30,020,928$22,032,754$54,018,706
84$90,833,376$31,398,601$22,677,499$58,491,121
85$100,002,087$32,840,840$23,340,902$63,380,813
86$110,102,974$34,350,715$24,023,497$68,728,797
87$121,231,023$35,931,445$24,725,829$74,580,209
88$133,490,905$37,586,404$25,448,462$80,984,720
89$146,997,967$39,319,127$26,191,975$87,996,997
90$161,879,314$41,133,319$26,956,961$95,677,208
91$178,275,018$43,032,865$27,744,033$104,091,582
92$196,339,429$45,021,835$28,553,817$113,313,023
93$216,242,642$47,104,496$29,386,961$123,421,786
94$238,172,094$49,285,320$30,244,128$134,506,227
95$262,334,342$51,568,994$31,126,000$146,663,618
96$288,957,002$53,960,432$32,033,278$160,001,061
97$318,290,907$56,464,784$32,966,684$174,636,480
98$350,612,470$59,087,449$33,926,958$190,699,723
99$386,226,293$61,834,085$34,914,862$208,333,774
100$425,468,043$64,710,623$35,931,178$227,696,088