Can I retire at age 64 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$973,615
2 years$506,921$497,480$488,330$479,459$470,854$455,599
3 years$334,590$325,109$315,982$307,194$298,729$283,872
4 years$248,442$238,989$229,954$221,316$213,056$198,711
5 years$196,766$187,371$178,454$169,992$161,962$148,171
6 years$162,327$153,002$144,217$135,944$128,155$114,934
7 years$137,738$128,491$119,845$111,767$104,224$91,577
8 years$119,304$110,140$101,638$93,759$86,464$74,389
9 years$104,974$95,897$87,541$79,861$72,815$61,306
10 years$93,517$84,529$76,320$68,841$62,042$51,090
11 years$84,149$75,251$67,191$59,913$53,358$42,951
12 years$76,348$67,541$59,630$52,551$46,239$36,365
13 years$69,752$61,037$53,276$46,395$40,322$30,966
14 years$64,103$55,481$47,869$41,184$35,346$26,494
15 years$59,212$50,683$43,219$36,729$31,121$22,757
16 years$54,937$46,501$39,184$32,887$27,505$19,612
17 years$51,168$42,826$35,656$29,549$24,388$16,948
18 years$47,822$39,573$32,549$26,629$21,684$14,681
19 years$44,832$36,676$29,797$24,062$19,328$12,743
20 years$42,144$34,081$27,347$21,793$17,264$11,080
21 years$39,715$31,745$25,154$19,778$15,449$9,649
22 years$37,510$29,633$23,183$17,983$13,848$8,413
23 years$35,499$27,715$21,405$16,377$12,431$7,343
24 years$33,659$25,967$19,796$14,937$11,173$6,416
25 years$31,969$24,369$18,335$13,641$10,054$5,610
26 years$30,411$22,903$17,005$12,473$9,056$4,909
27 years$28,972$21,554$15,791$11,417$8,165$4,299
28 years$27,637$20,310$14,680$10,460$7,368$3,766
29 years$26,397$19,160$13,661$9,592$6,653$3,301
30 years$25,241$18,095$12,724$8,803$6,011$2,895
31 years$24,162$17,106$11,863$8,085$5,435$2,539
32 years$23,153$16,186$11,068$7,431$4,916$2,228
33 years$22,207$15,328$10,334$6,833$4,449$1,956
34 years$21,318$14,527$9,656$6,287$4,028$1,717
35 years$20,482$13,779$9,027$5,787$3,648$1,508
36 years$19,694$13,078$8,445$5,330$3,306$1,324
37 years$18,951$12,421$7,904$4,911$2,996$1,163
38 years$18,248$11,805$7,402$4,527$2,716$1,022
39 years$17,583$11,225$6,935$4,174$2,463$898
40 years$16,953$10,680$6,500$3,850$2,234$789
41 years$16,355$10,166$6,095$3,552$2,027$694
42 years$15,787$9,682$5,717$3,278$1,839$610
43 years$15,247$9,225$5,365$3,026$1,669$536
44 years$14,733$8,793$5,036$2,794$1,515$471
45 years$14,243$8,385$4,729$2,580$1,375$414
46 years$13,776$7,999$4,441$2,383$1,249$364
47 years$13,330$7,634$4,172$2,202$1,134$320
48 years$12,904$7,287$3,921$2,035$1,030$282
49 years$12,497$6,959$3,685$1,880$935$248
50 years$12,107$6,648$3,465$1,738$850$218

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $12,400,000, adding $3,219 every year, while hoping to spend $27,383 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: 46/32/22 Blend
63$12,400,000$12,400,000$12,400,000$12,400,000
64$13,668,120$13,010,920$12,818,720$14,210,509
65$15,033,133$13,619,320$13,219,012$15,199,975
66$16,536,460$14,256,614$13,631,796$16,269,887
67$18,192,179$14,924,188$14,057,462$17,430,145
68$20,015,805$15,623,497$14,496,410$18,689,194
69$22,024,434$16,356,065$14,949,057$20,056,305
70$24,236,904$17,123,490$15,415,827$21,541,661
71$26,673,974$17,927,447$15,897,164$23,156,450
72$29,358,519$18,769,692$16,393,519$24,912,958
73$32,315,748$19,652,067$16,905,362$26,824,690
74$35,573,439$20,576,502$17,433,175$28,906,484
75$39,162,200$21,545,021$17,977,457$31,174,649
76$43,115,763$22,559,746$18,538,721$33,647,115
77$47,471,300$23,622,902$19,117,497$36,343,590
78$52,269,769$24,736,821$19,714,330$39,285,745
79$57,556,308$25,903,949$20,329,783$42,497,411
80$63,380,658$27,126,848$20,964,437$46,004,794
81$69,797,630$28,408,209$21,618,891$49,836,718
82$76,867,626$29,750,849$22,293,761$54,024,888
83$84,657,207$31,157,723$22,989,685$58,604,183
84$93,239,721$32,631,930$23,707,318$63,612,973
85$102,695,996$34,176,719$24,447,337$69,093,477
86$113,115,106$35,795,496$25,210,441$75,092,150
87$124,595,204$37,491,833$25,997,348$81,660,110
88$137,244,457$39,269,475$26,808,801$88,853,615
89$151,182,060$41,132,348$27,645,565$96,734,580
90$166,539,367$43,084,570$28,508,428$105,371,152
91$183,461,127$45,130,458$29,398,205$114,838,342
92$202,106,851$47,274,539$30,315,733$125,218,720
93$222,652,318$49,521,560$31,261,878$136,603,181
94$245,291,235$51,876,497$32,237,533$149,091,794
95$270,237,066$54,344,571$33,243,615$162,794,729
96$297,725,045$56,931,253$34,281,074$177,833,283
97$328,014,398$59,642,282$35,350,888$194,341,011
98$361,390,788$62,483,676$36,454,065$212,464,972
99$398,169,016$65,461,743$37,591,644$232,367,099
100$438,695,989$68,583,102$38,764,697$254,225,712