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%20%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$956,842
2 years$511,009$501,492$492,268$483,326$474,651$434,928
3 years$337,289$327,731$318,530$309,671$301,138$262,869
4 years$250,446$240,917$231,808$223,101$214,774$178,249
5 years$198,353$188,882$179,893$171,363$163,268$128,580
6 years$163,636$154,236$145,380$137,040$129,188$96,359
7 years$138,848$129,527$120,812$112,668$105,065$74,082
8 years$120,266$111,029$102,458$94,515$87,161$57,994
9 years$105,820$96,670$88,247$80,506$73,402$46,004
10 years$94,271$85,210$76,936$69,397$62,543$36,860
11 years$84,827$75,858$67,733$60,396$53,789$29,761
12 years$76,963$68,086$60,111$52,975$46,612$24,175
13 years$70,314$61,530$53,705$46,769$40,647$19,730
14 years$64,620$55,929$48,255$41,516$35,631$16,164
15 years$59,690$51,092$43,567$37,025$31,372$13,283
16 years$55,380$46,876$39,500$33,152$27,727$10,943
17 years$51,581$43,171$35,944$29,787$24,584$9,033
18 years$48,208$39,892$32,812$26,844$21,859$7,469
19 years$45,193$36,971$30,038$24,256$19,484$6,184
20 years$42,484$34,356$27,567$21,968$17,403$5,125
21 years$40,035$32,001$25,356$19,938$15,574$4,252
22 years$37,812$29,872$23,370$18,128$13,960$3,530
23 years$35,786$27,938$21,578$16,509$12,531$2,933
24 years$33,931$26,176$19,956$15,058$11,263$2,438
25 years$32,227$24,565$18,483$13,752$10,135$2,027
26 years$30,657$23,087$17,142$12,574$9,129$1,686
27 years$29,205$21,728$15,918$11,509$8,231$1,403
28 years$27,860$20,474$14,798$10,545$7,427$1,168
29 years$26,609$19,315$13,771$9,670$6,706$972
30 years$25,445$18,241$12,827$8,874$6,060$810
31 years$24,357$17,244$11,958$8,150$5,478$674
32 years$23,340$16,316$11,157$7,490$4,956$561
33 years$22,386$15,452$10,418$6,888$4,485$468
34 years$21,490$14,645$9,734$6,338$4,061$390
35 years$20,647$13,890$9,100$5,834$3,678$325
36 years$19,853$13,184$8,513$5,373$3,332$270
37 years$19,103$12,522$7,968$4,951$3,020$225
38 years$18,395$11,900$7,462$4,563$2,738$188
39 years$17,725$11,316$6,991$4,207$2,483$156
40 years$17,089$10,766$6,552$3,881$2,252$130
41 years$16,487$10,248$6,144$3,580$2,043$109
42 years$15,914$9,760$5,763$3,304$1,854$90
43 years$15,370$9,299$5,408$3,050$1,683$75
44 years$14,852$8,864$5,077$2,816$1,527$63
45 years$14,358$8,453$4,767$2,601$1,387$52
46 years$13,887$8,064$4,477$2,403$1,259$44
47 years$13,438$7,695$4,206$2,220$1,143$36
48 years$13,008$7,346$3,953$2,051$1,038$30
49 years$12,597$7,015$3,715$1,896$943$25
50 years$12,204$6,701$3,493$1,752$856$21

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 $4,731 every year, while hoping to spend $22,102 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: 60/30/10 Blend
63$12,500,000$12,500,000$12,500,000$12,500,000
64$13,779,880$13,117,380$12,923,630$14,574,567
65$15,161,911$13,736,615$13,333,055$15,727,804
66$16,684,169$14,385,452$13,755,456$16,982,223
67$18,360,933$15,065,318$14,191,242$18,349,953
68$20,207,939$15,777,709$14,640,839$19,841,911
69$22,242,527$16,524,195$15,104,685$21,470,102
70$24,483,803$17,306,419$15,583,231$23,247,724
71$26,952,825$18,126,108$16,076,943$25,189,291
72$29,672,795$18,985,069$16,586,302$27,310,763
73$32,669,281$19,885,199$17,111,805$29,629,694
74$35,970,460$20,828,485$17,653,962$32,165,393
75$39,607,380$21,817,014$18,213,303$34,939,100
76$43,614,255$22,852,970$18,790,371$37,974,181
77$48,028,790$23,938,646$19,385,729$41,296,347
78$52,892,532$25,076,446$19,999,957$44,933,885
79$58,251,268$26,268,889$20,633,653$48,917,923
80$64,155,451$27,518,618$21,287,434$53,282,717
81$70,660,681$28,828,405$21,961,937$58,065,969
82$77,828,228$30,201,154$22,657,819$63,309,171
83$85,725,610$31,639,913$23,375,759$69,057,995
84$94,427,230$33,147,877$24,116,455$75,362,716
85$104,015,080$34,728,395$24,880,628$82,278,675
86$114,579,513$36,384,981$25,669,024$89,866,796
87$126,220,097$38,121,320$26,482,411$98,194,152
88$139,046,556$39,941,273$27,321,581$107,334,590
89$153,179,802$41,848,893$28,187,350$117,369,417
90$168,753,079$43,848,426$29,080,564$128,388,159
91$185,913,222$45,944,328$30,002,092$140,489,393
92$204,822,041$48,141,270$30,952,833$153,781,672
93$225,657,848$50,444,151$31,933,711$168,384,534
94$248,617,142$52,858,108$32,945,684$184,429,618
95$273,916,463$55,388,528$33,989,737$202,061,900
96$301,794,436$58,041,060$35,066,887$221,441,040
97$332,514,025$60,821,628$36,178,184$242,742,883
98$366,365,014$63,736,446$37,324,712$266,161,102
99$403,666,743$66,792,029$38,507,587$291,909,010
100$444,771,121$69,995,209$39,727,961$320,221,560