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%12.3%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$995,077
2 years$515,097$505,504$496,207$487,192$478,448$468,713
3 years$339,987$330,352$321,079$312,149$303,547$294,042
4 years$252,449$242,844$233,663$224,886$216,493$207,291
5 years$199,940$190,393$181,332$172,734$164,574$155,704
6 years$164,946$155,470$146,543$138,137$130,222$121,694
7 years$139,959$130,563$121,778$113,570$105,905$97,723
8 years$121,228$111,917$103,277$95,271$87,859$80,022
9 years$106,667$97,444$88,953$81,150$73,990$66,495
10 years$95,025$85,892$77,551$69,952$63,043$55,887
11 years$85,506$76,465$68,275$60,879$54,219$47,395
12 years$77,579$68,630$60,592$53,399$46,985$40,487
13 years$70,877$62,022$54,135$47,143$40,972$34,792
14 years$65,137$56,376$48,641$41,849$35,916$30,046
15 years$60,167$51,501$43,916$37,322$31,623$26,054
16 years$55,823$47,251$39,816$33,417$27,949$22,672
17 years$51,993$43,516$36,231$30,025$24,781$19,787
18 years$48,593$40,211$33,074$27,059$22,034$17,314
19 years$45,555$37,267$30,278$24,450$19,640$15,182
20 years$42,823$34,630$27,788$22,144$17,542$13,338
21 years$40,355$32,257$25,559$20,097$15,698$11,737
22 years$38,115$30,111$23,557$18,273$14,071$10,343
23 years$36,072$28,162$21,751$16,642$12,631$9,126
24 years$34,202$26,386$20,116$15,178$11,353$8,060
25 years$32,485$24,762$18,631$13,862$10,216$7,126
26 years$30,902$23,272$17,279$12,674$9,202$6,305
27 years$29,439$21,902$16,045$11,601$8,297$5,583
28 years$28,083$20,638$14,916$10,629$7,486$4,947
29 years$26,822$19,470$13,881$9,747$6,760$4,386
30 years$25,648$18,387$12,930$8,945$6,108$3,890
31 years$24,552$17,382$12,054$8,216$5,522$3,452
32 years$23,526$16,447$11,246$7,550$4,995$3,064
33 years$22,565$15,575$10,501$6,943$4,521$2,721
34 years$21,662$14,762$9,811$6,388$4,093$2,417
35 years$20,812$14,001$9,173$5,881$3,707$2,148
36 years$20,012$13,289$8,581$5,416$3,359$1,909
37 years$19,256$12,622$8,032$4,990$3,044$1,697
38 years$18,542$11,995$7,521$4,600$2,760$1,509
39 years$17,867$11,406$7,047$4,241$2,503$1,342
40 years$17,226$10,852$6,605$3,912$2,270$1,193
41 years$16,619$10,330$6,193$3,609$2,060$1,062
42 years$16,042$9,838$5,810$3,331$1,869$944
43 years$15,493$9,374$5,451$3,075$1,696$840
44 years$14,971$8,935$5,117$2,839$1,540$748
45 years$14,473$8,520$4,805$2,622$1,398$665
46 years$13,998$8,128$4,513$2,422$1,269$592
47 years$13,545$7,757$4,240$2,237$1,152$527
48 years$13,112$7,405$3,984$2,068$1,046$469
49 years$12,698$7,071$3,745$1,911$950$417
50 years$12,302$6,755$3,521$1,766$863$372

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 $5,450 every year, while hoping to spend $50,442 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: 78/10/12 Blend
63$12,600,000$12,600,000$12,600,000$12,600,000
64$13,890,822$13,223,022$13,027,722$14,942,290
65$15,254,016$13,817,280$13,410,480$16,229,091
66$16,754,565$14,438,966$13,804,371$17,633,118
67$18,406,426$15,089,371$14,209,713$19,171,644
68$20,224,978$15,769,847$14,626,835$20,858,071
69$22,227,167$16,481,811$15,056,076$22,707,156
70$24,431,666$17,226,747$15,497,782$24,735,149
71$26,859,049$18,006,211$15,952,311$26,959,941
72$29,531,989$18,821,832$16,420,030$29,401,239
73$32,475,469$19,675,319$16,901,318$32,080,742
74$35,717,016$20,568,459$17,396,562$35,022,349
75$39,286,967$21,503,128$17,906,161$38,252,381
76$43,218,747$22,481,291$18,430,527$41,799,827
77$47,549,190$23,505,006$18,970,081$45,696,617
78$52,318,887$24,576,430$19,525,258$49,977,919
79$57,572,562$25,697,824$20,096,502$54,682,472
80$63,359,502$26,871,556$20,684,274$59,852,945
81$69,734,017$28,100,109$21,289,044$65,536,340
82$76,755,957$29,386,084$21,911,297$71,784,435
83$84,491,270$30,732,208$22,551,531$78,654,265
84$93,012,631$32,141,337$23,210,258$86,208,660
85$102,400,123$33,616,466$23,888,005$94,516,837
86$112,741,995$35,160,733$24,585,313$103,655,049
87$124,135,496$36,777,426$25,302,739$113,707,300
88$136,687,789$38,469,992$26,040,853$124,766,136
89$150,516,966$40,242,044$26,800,244$136,933,516
90$165,753,160$42,097,368$27,581,516$150,321,771
91$182,539,775$44,039,932$28,385,289$165,054,658
92$201,034,839$46,073,895$29,212,202$181,268,526
93$221,412,492$48,203,616$30,062,912$199,113,600
94$243,864,638$50,433,664$30,938,091$218,755,395
95$268,602,747$52,768,830$31,838,433$240,376,271
96$295,859,856$55,214,132$32,764,649$264,177,152
97$325,892,769$57,774,831$33,717,472$290,379,421
98$358,984,478$60,456,445$34,697,654$319,226,997
99$395,446,837$63,264,752$35,705,967$350,988,641
100$435,623,503$66,205,814$36,743,206$385,960,481