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%17.7%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$950,184
2 years$502,833$493,468$484,392$475,592$467,057$436,465
3 years$331,892$322,487$313,434$304,717$296,320$266,731
4 years$246,438$237,062$228,100$219,531$211,338$182,979
5 years$195,180$185,859$177,015$168,621$160,656$133,603
6 years$161,018$151,768$143,054$134,848$127,121$101,398
7 years$136,627$127,455$118,879$110,866$103,384$78,988
8 years$118,342$109,252$100,818$93,002$85,767$62,683
9 years$104,127$95,124$86,835$79,217$72,228$50,430
10 years$92,762$83,847$75,705$68,286$61,542$40,997
11 years$83,470$74,644$66,649$59,429$52,928$33,600
12 years$75,732$66,996$59,149$52,128$45,866$27,715
13 years$69,189$60,545$52,846$46,021$39,996$22,978
14 years$63,586$55,034$47,482$40,852$35,061$19,129
15 years$58,735$50,274$42,870$36,433$30,870$15,979
16 years$54,494$46,126$38,868$32,622$27,283$13,385
17 years$50,755$42,480$35,369$29,310$24,191$11,238
18 years$47,436$39,254$32,287$26,415$21,510$9,453
19 years$44,470$36,380$29,557$23,868$19,172$7,964
20 years$41,804$33,806$27,126$21,617$17,125$6,718
21 years$39,395$31,489$24,951$19,619$15,325$5,674
22 years$37,207$29,394$22,996$17,838$13,736$4,796
23 years$35,213$27,491$21,233$16,245$12,331$4,058
24 years$33,388$25,758$19,637$14,817$11,083$3,435
25 years$31,711$24,172$18,187$13,531$9,973$2,909
26 years$30,166$22,718$16,868$12,372$8,983$2,466
27 years$28,738$21,380$15,663$11,325$8,099$2,090
28 years$27,414$20,147$14,561$10,376$7,308$1,773
29 years$26,184$19,006$13,550$9,515$6,599$1,504
30 years$25,037$17,949$12,622$8,732$5,963$1,276
31 years$23,967$16,968$11,767$8,020$5,391$1,083
32 years$22,966$16,055$10,979$7,371$4,876$919
33 years$22,027$15,204$10,251$6,778$4,413$780
34 years$21,146$14,410$9,578$6,236$3,996$662
35 years$20,317$13,668$8,955$5,741$3,619$562
36 years$19,535$12,973$8,377$5,287$3,279$478
37 years$18,798$12,321$7,841$4,871$2,972$406
38 years$18,101$11,710$7,342$4,490$2,694$344
39 years$17,441$11,135$6,879$4,140$2,443$293
40 years$16,816$10,594$6,448$3,819$2,216$249
41 years$16,223$10,084$6,046$3,523$2,010$211
42 years$15,660$9,604$5,671$3,251$1,824$179
43 years$15,124$9,151$5,322$3,001$1,656$152
44 years$14,614$8,722$4,995$2,771$1,503$129
45 years$14,128$8,318$4,690$2,559$1,364$110
46 years$13,665$7,935$4,405$2,364$1,239$93
47 years$13,223$7,572$4,139$2,184$1,125$79
48 years$12,800$7,229$3,889$2,018$1,022$67
49 years$12,396$6,903$3,656$1,865$928$57
50 years$12,009$6,594$3,437$1,724$843$49

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 $5,949 every year, while hoping to spend $42,437 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: 39/43/18 Blend
63$12,300,000$12,300,000$12,300,000$12,300,000
64$13,560,736$12,908,836$12,718,186$14,016,476
65$14,898,779$13,496,217$13,099,093$14,930,780
66$16,371,879$14,110,956$13,491,338$15,914,244
67$17,993,769$14,754,351$13,895,255$16,976,755
68$19,779,578$15,427,759$14,311,191$18,125,491
69$21,745,979$16,132,603$14,739,500$19,368,328
70$23,911,342$16,870,374$15,180,546$20,713,899
71$26,295,911$17,642,635$15,634,707$22,171,682
72$28,921,994$18,451,023$16,102,369$23,752,073
73$31,814,169$19,297,256$16,583,931$25,466,486
74$34,999,524$20,183,130$17,079,802$27,327,448
75$38,507,904$21,110,533$17,590,404$29,348,716
76$42,372,200$22,081,439$18,116,172$31,545,398
77$46,628,654$23,097,918$18,657,553$33,934,087
78$51,317,202$24,162,142$19,215,007$36,533,011
79$56,481,853$25,276,383$19,789,006$39,362,200
80$62,171,104$26,443,027$20,380,039$42,443,661
81$68,438,393$27,664,572$20,988,607$45,801,582
82$75,342,609$28,943,636$21,615,226$49,462,549
83$82,948,645$30,282,965$22,260,426$53,455,790
84$91,328,012$31,685,435$22,924,755$57,813,438
85$100,559,510$33,154,062$23,608,775$62,570,825
86$110,729,976$34,692,008$24,313,066$67,766,805
87$121,935,102$36,302,584$25,038,221$73,444,110
88$134,280,337$37,989,265$25,784,856$79,649,740
89$147,881,883$39,755,691$26,553,600$86,435,398
90$162,867,792$41,605,677$27,345,104$93,857,959
91$179,379,177$43,543,225$28,160,034$101,980,000
92$197,571,536$45,572,526$28,999,079$110,870,370
93$217,616,231$47,697,978$29,862,945$120,604,831
94$239,702,094$49,924,187$30,752,362$131,266,754
95$264,037,220$52,255,984$31,668,078$142,947,893
96$290,850,922$54,698,433$32,610,865$155,749,229
97$320,395,902$57,256,842$33,581,514$169,781,910
98$352,950,632$59,936,775$34,580,843$185,168,282
99$388,821,987$62,744,068$35,609,692$202,043,019
100$428,348,137$65,684,835$36,668,925$220,554,382