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

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$956,376
2 years$506,921$497,480$488,330$479,459$470,854$438,503
3 years$334,590$325,109$315,982$307,194$298,729$267,461
4 years$248,442$238,989$229,954$221,316$213,056$183,109
5 years$196,766$187,371$178,454$169,992$161,962$133,417
6 years$162,327$153,002$144,217$135,944$128,155$101,035
7 years$137,738$128,491$119,845$111,767$104,224$78,526
8 years$119,304$110,140$101,638$93,759$86,464$62,169
9 years$104,974$95,897$87,541$79,861$72,815$49,895
10 years$93,517$84,529$76,320$68,841$62,042$40,460
11 years$84,149$75,251$67,191$59,913$53,358$33,075
12 years$76,348$67,541$59,630$52,551$46,239$27,209
13 years$69,752$61,037$53,276$46,395$40,322$22,497
14 years$64,103$55,481$47,869$41,184$35,346$18,677
15 years$59,212$50,683$43,219$36,729$31,121$15,557
16 years$54,937$46,501$39,184$32,887$27,505$12,994
17 years$51,168$42,826$35,656$29,549$24,388$10,877
18 years$47,822$39,573$32,549$26,629$21,684$9,122
19 years$44,832$36,676$29,797$24,062$19,328$7,662
20 years$42,144$34,081$27,347$21,793$17,264$6,444
21 years$39,715$31,745$25,154$19,778$15,449$5,426
22 years$37,510$29,633$23,183$17,983$13,848$4,572
23 years$35,499$27,715$21,405$16,377$12,431$3,856
24 years$33,659$25,967$19,796$14,937$11,173$3,254
25 years$31,969$24,369$18,335$13,641$10,054$2,747
26 years$30,411$22,903$17,005$12,473$9,056$2,321
27 years$28,972$21,554$15,791$11,417$8,165$1,961
28 years$27,637$20,310$14,680$10,460$7,368$1,657
29 years$26,397$19,160$13,661$9,592$6,653$1,401
30 years$25,241$18,095$12,724$8,803$6,011$1,185
31 years$24,162$17,106$11,863$8,085$5,435$1,002
32 years$23,153$16,186$11,068$7,431$4,916$848
33 years$22,207$15,328$10,334$6,833$4,449$718
34 years$21,318$14,527$9,656$6,287$4,028$607
35 years$20,482$13,779$9,027$5,787$3,648$514
36 years$19,694$13,078$8,445$5,330$3,306$435
37 years$18,951$12,421$7,904$4,911$2,996$368
38 years$18,248$11,805$7,402$4,527$2,716$312
39 years$17,583$11,225$6,935$4,174$2,463$264
40 years$16,953$10,680$6,500$3,850$2,234$223
41 years$16,355$10,166$6,095$3,552$2,027$189
42 years$15,787$9,682$5,717$3,278$1,839$160
43 years$15,247$9,225$5,365$3,026$1,669$135
44 years$14,733$8,793$5,036$2,794$1,515$115
45 years$14,243$8,385$4,729$2,580$1,375$97
46 years$13,776$7,999$4,441$2,383$1,249$82
47 years$13,330$7,634$4,172$2,202$1,134$70
48 years$12,904$7,287$3,921$2,035$1,030$59
49 years$12,497$6,959$3,685$1,880$935$50
50 years$12,107$6,648$3,465$1,738$850$42

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 $4,673 every year, while hoping to spend $48,348 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: 82/12/6 Blend
63$12,400,000$12,400,000$12,400,000$12,400,000
64$13,669,620$13,012,420$12,820,220$14,784,960
65$15,012,480$13,598,587$13,198,256$16,100,799
66$16,490,690$14,211,855$13,587,335$17,538,043
67$18,118,007$14,853,502$13,987,777$19,114,306
68$19,909,586$15,524,866$14,399,909$20,843,474
69$21,882,127$16,227,348$14,824,070$22,740,835
70$24,054,033$16,962,418$15,260,606$24,823,224
71$26,445,582$17,731,613$15,709,873$27,109,181
72$29,079,116$18,536,547$16,172,239$29,619,124
73$31,979,258$19,378,910$16,648,081$32,375,536
74$35,173,137$20,260,472$17,137,787$35,403,180
75$38,690,650$21,183,088$17,641,755$38,729,332
76$42,564,740$22,148,702$18,160,398$42,384,029
77$46,831,707$23,159,353$18,694,135$46,400,358
78$51,531,555$24,217,174$19,243,402$50,814,762
79$56,708,361$25,324,404$19,808,644$55,667,382
80$62,410,700$26,483,386$20,390,320$61,002,435
81$68,692,098$27,696,578$20,988,902$66,868,628
82$75,611,537$28,966,555$21,604,874$73,319,615
83$83,234,013$30,296,016$22,238,737$80,414,499
84$91,631,150$31,687,788$22,891,002$88,218,390
85$100,881,873$33,144,836$23,562,197$96,803,015
86$111,073,157$34,670,266$24,252,864$106,247,392
87$122,300,845$36,267,334$24,963,560$116,638,573
88$134,670,550$37,939,453$25,694,859$128,072,461
89$148,298,659$39,690,199$26,447,349$140,654,714
90$163,313,423$41,523,320$27,221,636$154,501,735
91$179,856,175$43,442,745$28,018,344$169,741,771
92$198,082,659$45,452,593$28,838,112$186,516,116
93$218,164,500$47,557,180$29,681,599$204,980,443
94$240,290,827$49,761,031$30,549,481$225,306,269
95$264,670,057$52,068,886$31,442,453$247,682,567
96$291,531,859$54,485,718$32,361,232$272,317,546
97$321,129,327$57,016,736$33,306,551$299,440,613
98$353,741,365$59,667,403$34,279,167$329,304,533
99$389,675,321$62,443,443$35,279,857$362,187,807
100$429,269,890$65,350,858$36,309,418$398,397,297