Can I retire at age 64 with 12,600,000?

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 $12,600,000?

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 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$972,190
2 years$515,097$505,504$496,207$487,192$478,448$445,959
3 years$339,987$330,352$321,079$312,149$303,547$272,139
4 years$252,449$242,844$233,663$224,886$216,493$186,406
5 years$199,940$190,393$181,332$172,734$164,574$135,891
6 years$164,946$155,470$146,543$138,137$130,222$102,965
7 years$139,959$130,563$121,778$113,570$105,905$80,072
8 years$121,228$111,917$103,277$95,271$87,859$63,430
9 years$106,667$97,444$88,953$81,150$73,990$50,938
10 years$95,025$85,892$77,551$69,952$63,043$41,332
11 years$85,506$76,465$68,275$60,879$54,219$33,809
12 years$77,579$68,630$60,592$53,399$46,985$27,832
13 years$70,877$62,022$54,135$47,143$40,972$23,027
14 years$65,137$56,376$48,641$41,849$35,916$19,131
15 years$60,167$51,501$43,916$37,322$31,623$15,947
16 years$55,823$47,251$39,816$33,417$27,949$13,329
17 years$51,993$43,516$36,231$30,025$24,781$11,166
18 years$48,593$40,211$33,074$27,059$22,034$9,371
19 years$45,555$37,267$30,278$24,450$19,640$7,878
20 years$42,823$34,630$27,788$22,144$17,542$6,630
21 years$40,355$32,257$25,559$20,097$15,698$5,587
22 years$38,115$30,111$23,557$18,273$14,071$4,711
23 years$36,072$28,162$21,751$16,642$12,631$3,976
24 years$34,202$26,386$20,116$15,178$11,353$3,358
25 years$32,485$24,762$18,631$13,862$10,216$2,838
26 years$30,902$23,272$17,279$12,674$9,202$2,399
27 years$29,439$21,902$16,045$11,601$8,297$2,029
28 years$28,083$20,638$14,916$10,629$7,486$1,716
29 years$26,822$19,470$13,881$9,747$6,760$1,452
30 years$25,648$18,387$12,930$8,945$6,108$1,229
31 years$24,552$17,382$12,054$8,216$5,522$1,041
32 years$23,526$16,447$11,246$7,550$4,995$881
33 years$22,565$15,575$10,501$6,943$4,521$746
34 years$21,662$14,762$9,811$6,388$4,093$632
35 years$20,812$14,001$9,173$5,881$3,707$535
36 years$20,012$13,289$8,581$5,416$3,359$453
37 years$19,256$12,622$8,032$4,990$3,044$384
38 years$18,542$11,995$7,521$4,600$2,760$325
39 years$17,867$11,406$7,047$4,241$2,503$276
40 years$17,226$10,852$6,605$3,912$2,270$234
41 years$16,619$10,330$6,193$3,609$2,060$198
42 years$16,042$9,838$5,810$3,331$1,869$168
43 years$15,493$9,374$5,451$3,075$1,696$142
44 years$14,971$8,935$5,117$2,839$1,540$120
45 years$14,473$8,520$4,805$2,622$1,398$102
46 years$13,998$8,128$4,513$2,422$1,269$86
47 years$13,545$7,757$4,240$2,237$1,152$73
48 years$13,112$7,405$3,984$2,068$1,046$62
49 years$12,698$7,071$3,745$1,911$950$53
50 years$12,302$6,755$3,521$1,766$863$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $12,600,000, adding $4,601 every year, while hoping to spend $48,266 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: 57/25/18 Blend
63$12,600,000$12,600,000$12,600,000$12,600,000
64$13,889,946$13,222,146$13,026,846$14,615,360
65$15,255,366$13,818,676$13,411,891$15,705,392
66$16,758,441$14,442,819$13,808,217$16,887,067
67$18,413,161$15,095,876$14,216,151$18,173,743
68$20,234,941$15,779,212$14,636,030$19,575,522
69$22,240,767$16,494,256$15,068,199$21,103,514
70$24,449,357$17,242,506$15,513,015$22,769,935
71$26,881,333$18,025,531$15,970,843$24,588,219
72$29,559,423$18,844,975$16,442,060$26,573,143
73$32,508,668$19,702,563$16,927,053$28,740,961
74$35,756,662$20,600,099$17,426,219$31,109,553
75$39,333,814$21,539,476$17,939,970$33,698,593
76$43,273,629$22,522,676$18,468,725$36,529,726
77$47,613,030$23,551,778$19,012,918$39,626,769
78$52,392,702$24,628,958$19,572,994$43,015,934
79$57,657,481$25,756,500$20,149,412$46,726,066
80$63,456,769$26,936,794$20,742,643$50,788,912
81$69,845,009$28,172,346$21,353,171$55,239,418
82$76,882,193$29,465,784$21,981,495$60,116,049
83$84,634,428$30,819,859$22,628,126$65,461,147
84$93,174,564$32,237,457$23,293,593$71,321,326
85$102,582,878$33,721,601$23,978,437$77,747,905
86$112,947,833$35,275,460$24,683,216$84,797,387
87$124,366,909$36,902,355$25,408,501$92,531,981
88$136,947,532$38,605,768$26,154,883$101,020,187
89$150,808,076$40,389,347$26,922,968$110,337,432
90$166,078,990$42,256,916$27,713,378$120,566,774
91$182,904,026$44,212,483$28,526,755$131,799,680
92$201,441,592$46,260,249$29,363,756$144,136,878
93$221,866,252$48,404,619$30,225,060$157,689,299
94$244,370,372$50,650,209$31,111,362$172,579,116
95$269,165,936$53,001,855$32,023,379$188,940,888
96$296,486,546$55,464,631$32,961,847$206,922,815
97$326,589,628$58,043,851$33,927,522$226,688,133
98$359,758,859$60,745,089$34,921,184$248,416,638
99$396,306,850$63,574,186$35,943,631$272,306,374
100$436,578,093$66,537,266$36,995,687$298,575,489