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

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$966,797
2 years$511,009$501,492$492,268$483,326$474,651$444,709
3 years$337,289$327,731$318,530$309,671$301,138$272,163
4 years$250,446$240,917$231,808$223,101$214,774$186,988
5 years$198,353$188,882$179,893$171,363$163,268$136,746
6 years$163,636$154,236$145,380$137,040$129,188$103,954
7 years$138,848$129,527$120,812$112,668$105,065$81,118
8 years$120,266$111,029$102,458$94,515$87,161$64,486
9 years$105,820$96,670$88,247$80,506$73,402$51,976
10 years$94,271$85,210$76,936$69,397$62,543$42,334
11 years$84,827$75,858$67,733$60,396$53,789$34,763
12 years$76,963$68,086$60,111$52,975$46,612$28,731
13 years$70,314$61,530$53,705$46,769$40,647$23,868
14 years$64,620$55,929$48,255$41,516$35,631$19,912
15 years$59,690$51,092$43,567$37,025$31,372$16,668
16 years$55,380$46,876$39,500$33,152$27,727$13,992
17 years$51,581$43,171$35,944$29,787$24,584$11,773
18 years$48,208$39,892$32,812$26,844$21,859$9,926
19 years$45,193$36,971$30,038$24,256$19,484$8,381
20 years$42,484$34,356$27,567$21,968$17,403$7,087
21 years$40,035$32,001$25,356$19,938$15,574$5,999
22 years$37,812$29,872$23,370$18,128$13,960$5,083
23 years$35,786$27,938$21,578$16,509$12,531$4,310
24 years$33,931$26,176$19,956$15,058$11,263$3,658
25 years$32,227$24,565$18,483$13,752$10,135$3,105
26 years$30,657$23,087$17,142$12,574$9,129$2,638
27 years$29,205$21,728$15,918$11,509$8,231$2,242
28 years$27,860$20,474$14,798$10,545$7,427$1,906
29 years$26,609$19,315$13,771$9,670$6,706$1,621
30 years$25,445$18,241$12,827$8,874$6,060$1,378
31 years$24,357$17,244$11,958$8,150$5,478$1,173
32 years$23,340$16,316$11,157$7,490$4,956$998
33 years$22,386$15,452$10,418$6,888$4,485$849
34 years$21,490$14,645$9,734$6,338$4,061$723
35 years$20,647$13,890$9,100$5,834$3,678$615
36 years$19,853$13,184$8,513$5,373$3,332$524
37 years$19,103$12,522$7,968$4,951$3,020$446
38 years$18,395$11,900$7,462$4,563$2,738$380
39 years$17,725$11,316$6,991$4,207$2,483$323
40 years$17,089$10,766$6,552$3,881$2,252$275
41 years$16,487$10,248$6,144$3,580$2,043$234
42 years$15,914$9,760$5,763$3,304$1,854$200
43 years$15,370$9,299$5,408$3,050$1,683$170
44 years$14,852$8,864$5,077$2,816$1,527$145
45 years$14,358$8,453$4,767$2,601$1,387$123
46 years$13,887$8,064$4,477$2,403$1,259$105
47 years$13,438$7,695$4,206$2,220$1,143$89
48 years$13,008$7,346$3,953$2,051$1,038$76
49 years$12,597$7,015$3,715$1,896$943$65
50 years$12,204$6,701$3,493$1,752$856$55

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 $6,877 every year, while hoping to spend $41,358 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: 49/36/15 Blend
63$12,500,000$12,500,000$12,500,000$12,500,000
64$13,782,094$13,119,594$12,925,844$14,399,852
65$15,143,863$13,718,449$13,314,855$15,425,350
66$16,643,146$14,345,262$13,715,512$16,533,855
67$18,293,926$15,001,360$14,128,161$17,737,087
68$20,111,611$15,688,131$14,553,159$19,043,945
69$22,113,179$16,407,033$14,990,873$20,464,205
70$24,317,337$17,159,591$15,441,681$22,008,603
71$26,744,701$17,947,407$15,905,973$23,688,936
72$29,417,986$18,772,155$16,384,149$25,518,166
73$32,362,224$19,635,595$16,876,621$27,510,535
74$35,604,998$20,539,566$17,383,815$29,681,701
75$39,176,703$21,485,999$17,906,168$32,048,871
76$43,110,831$22,476,917$18,444,129$34,630,967
77$47,444,290$23,514,441$18,998,162$37,448,790
78$52,217,752$24,600,792$19,568,744$40,525,213
79$57,476,031$25,738,300$20,156,366$43,885,395
80$63,268,516$26,929,406$20,761,533$47,557,001
81$69,649,627$28,176,669$21,384,767$51,570,467
82$76,679,334$29,482,771$22,026,602$55,959,270
83$84,423,723$30,850,524$22,687,590$60,760,244
84$92,955,617$32,282,874$23,368,298$66,013,912
85$102,355,265$33,782,911$24,069,312$71,764,864
86$112,711,101$35,353,871$24,791,232$78,062,168
87$124,120,572$36,999,151$25,534,678$84,959,824
88$136,691,068$38,722,306$26,300,287$92,517,260
89$150,540,925$40,527,067$27,088,715$100,799,888
90$165,800,550$42,417,344$27,900,637$109,879,704
91$182,613,647$44,397,235$28,736,749$119,835,963
92$201,138,575$46,471,035$29,597,766$130,755,908
93$221,549,843$48,643,249$30,484,425$142,735,587
94$244,039,757$50,918,599$31,397,483$155,880,741
95$268,820,235$53,302,033$32,337,722$170,307,791
96$296,124,808$55,798,741$33,305,944$186,144,925
97$326,210,821$58,414,162$34,302,976$203,533,286
98$359,361,868$61,153,999$35,329,669$222,628,295
99$395,890,464$64,024,231$36,386,899$243,601,099
100$436,140,998$67,031,126$37,475,567$266,640,165