Can I retire at age 64 with 12,500,000?

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 $12,500,000?

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$1,032,238$1,023,044$1,014,073$1,005,317$996,768$957,598
2 years$511,009$501,492$492,268$483,326$474,651$435,668
3 years$337,289$327,731$318,530$309,671$301,138$263,568
4 years$250,446$240,917$231,808$223,101$214,774$178,904
5 years$198,353$188,882$179,893$171,363$163,268$129,189
6 years$163,636$154,236$145,380$137,040$129,188$96,922
7 years$138,848$129,527$120,812$112,668$105,065$74,601
8 years$120,266$111,029$102,458$94,515$87,161$58,469
9 years$105,820$96,670$88,247$80,506$73,402$46,439
10 years$94,271$85,210$76,936$69,397$62,543$37,255
11 years$84,827$75,858$67,733$60,396$53,789$30,120
12 years$76,963$68,086$60,111$52,975$46,612$24,499
13 years$70,314$61,530$53,705$46,769$40,647$20,022
14 years$64,620$55,929$48,255$41,516$35,631$16,426
15 years$59,690$51,092$43,567$37,025$31,372$13,518
16 years$55,380$46,876$39,500$33,152$27,727$11,152
17 years$51,581$43,171$35,944$29,787$24,584$9,219
18 years$48,208$39,892$32,812$26,844$21,859$7,634
19 years$45,193$36,971$30,038$24,256$19,484$6,330
20 years$42,484$34,356$27,567$21,968$17,403$5,255
21 years$40,035$32,001$25,356$19,938$15,574$4,367
22 years$37,812$29,872$23,370$18,128$13,960$3,631
23 years$35,786$27,938$21,578$16,509$12,531$3,021
24 years$33,931$26,176$19,956$15,058$11,263$2,515
25 years$32,227$24,565$18,483$13,752$10,135$2,095
26 years$30,657$23,087$17,142$12,574$9,129$1,746
27 years$29,205$21,728$15,918$11,509$8,231$1,455
28 years$27,860$20,474$14,798$10,545$7,427$1,213
29 years$26,609$19,315$13,771$9,670$6,706$1,011
30 years$25,445$18,241$12,827$8,874$6,060$843
31 years$24,357$17,244$11,958$8,150$5,478$704
32 years$23,340$16,316$11,157$7,490$4,956$587
33 years$22,386$15,452$10,418$6,888$4,485$490
34 years$21,490$14,645$9,734$6,338$4,061$409
35 years$20,647$13,890$9,100$5,834$3,678$341
36 years$19,853$13,184$8,513$5,373$3,332$284
37 years$19,103$12,522$7,968$4,951$3,020$237
38 years$18,395$11,900$7,462$4,563$2,738$198
39 years$17,725$11,316$6,991$4,207$2,483$165
40 years$17,089$10,766$6,552$3,881$2,252$138
41 years$16,487$10,248$6,144$3,580$2,043$115
42 years$15,914$9,760$5,763$3,304$1,854$96
43 years$15,370$9,299$5,408$3,050$1,683$80
44 years$14,852$8,864$5,077$2,816$1,527$67
45 years$14,358$8,453$4,767$2,601$1,387$56
46 years$13,887$8,064$4,477$2,403$1,259$47
47 years$13,438$7,695$4,206$2,220$1,143$39
48 years$13,008$7,346$3,953$2,051$1,038$33
49 years$12,597$7,015$3,715$1,896$943$27
50 years$12,204$6,701$3,493$1,752$856$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $12,500,000, adding $2,017 every year, while hoping to spend $35,252 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: 25/48/27 Blend
63$12,500,000$12,500,000$12,500,000$12,500,000
64$13,777,081$13,114,581$12,920,831$14,004,412
65$15,144,835$13,719,687$13,316,171$14,798,528
66$16,650,919$14,353,262$13,723,573$15,646,224
67$18,309,404$15,016,664$14,143,404$16,554,395
68$20,135,798$15,711,316$14,576,043$17,528,136
69$22,147,188$16,438,708$15,021,879$18,573,014
70$24,362,402$17,200,405$15,481,312$19,695,116
71$26,802,188$17,998,046$15,954,757$20,901,098
72$29,489,408$18,833,348$16,442,639$22,198,242
73$32,449,258$19,708,112$16,945,398$23,594,519
74$35,709,498$20,624,225$17,463,484$25,098,654
75$39,300,720$21,583,666$17,997,364$26,720,200
76$43,256,636$22,588,508$18,547,519$28,469,625
77$47,614,394$23,640,926$19,114,441$30,358,394
78$52,414,929$24,743,197$19,698,642$32,399,074
79$57,703,350$25,897,712$20,300,644$34,605,444
80$63,529,366$27,106,975$20,920,990$36,992,610
81$69,947,754$28,373,609$21,560,236$39,577,139
82$77,018,877$29,700,369$22,218,957$42,377,209
83$84,809,253$31,090,137$22,897,742$45,412,762
84$93,392,183$32,545,940$23,597,203$48,705,686
85$102,848,442$34,070,947$24,317,965$52,280,005
86$113,267,042$35,668,483$25,060,676$56,162,098
87$124,746,073$37,342,031$25,826,001$60,380,928
88$137,393,628$39,095,246$26,614,628$64,968,306
89$151,328,822$40,931,957$27,427,262$69,959,175
90$166,682,919$42,856,180$28,264,633$75,391,922
91$183,600,568$44,872,125$29,127,489$81,308,727
92$202,241,172$46,984,205$30,016,606$87,755,945
93$222,780,387$49,197,046$30,932,778$94,784,520
94$245,411,787$51,515,502$31,876,826$102,450,455
95$270,348,685$53,944,657$32,849,596$110,815,314
96$297,826,151$56,489,846$33,851,957$119,946,787
97$328,103,228$59,156,658$34,884,808$129,919,307
98$361,465,380$61,950,957$35,949,071$140,814,727
99$398,227,183$64,878,888$37,045,700$152,723,076
100$438,735,299$67,946,897$38,175,674$165,743,376