Can I retire at age 64 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$972,535
2 years$519,185$509,516$500,145$491,059$482,246$442,262
3 years$342,685$332,974$323,627$314,626$305,956$267,430
4 years$254,453$244,771$235,517$226,670$218,211$181,433
5 years$201,527$191,904$182,771$174,105$165,880$130,946
6 years$166,255$156,704$147,706$139,233$131,255$98,187
7 years$141,070$131,600$122,745$114,471$106,746$75,531
8 years$122,190$112,805$104,097$96,027$88,556$59,163
9 years$107,513$98,217$89,659$81,794$74,577$46,961
10 years$95,779$86,574$78,167$70,507$63,543$37,650
11 years$86,184$77,071$68,817$61,362$54,649$30,419
12 years$78,195$69,175$61,073$53,823$47,358$24,725
13 years$71,439$62,514$54,565$47,517$41,297$20,194
14 years$65,654$56,824$49,027$42,181$36,201$16,555
15 years$60,645$51,909$44,264$37,618$31,874$13,614
16 years$56,266$47,626$40,132$33,683$28,170$11,224
17 years$52,406$43,862$36,519$30,264$24,978$9,272
18 years$48,979$40,530$33,337$27,274$22,209$7,672
19 years$45,916$37,563$30,518$24,644$19,795$6,357
20 years$43,163$34,905$28,008$22,320$17,682$5,273
21 years$40,676$32,513$25,762$20,257$15,823$4,378
22 years$38,417$30,350$23,744$18,418$14,183$3,638
23 years$36,358$28,385$21,923$16,774$12,732$3,024
24 years$34,474$26,595$20,275$15,299$11,443$2,516
25 years$32,743$24,958$18,779$13,972$10,297$2,094
26 years$31,147$23,457$17,417$12,775$9,276$1,743
27 years$29,672$22,076$16,173$11,693$8,363$1,452
28 years$28,306$20,802$15,035$10,713$7,546$1,209
29 years$27,035$19,624$13,991$9,824$6,814$1,008
30 years$25,852$18,533$13,032$9,016$6,157$840
31 years$24,747$17,520$12,150$8,281$5,566$700
32 years$23,713$16,577$11,336$7,610$5,035$583
33 years$22,744$15,699$10,584$6,998$4,557$486
34 years$21,834$14,879$9,889$6,439$4,126$405
35 years$20,977$14,112$9,246$5,927$3,737$338
36 years$20,171$13,395$8,649$5,459$3,386$282
37 years$19,409$12,722$8,095$5,030$3,068$235
38 years$18,689$12,090$7,581$4,636$2,782$196
39 years$18,008$11,497$7,103$4,275$2,523$163
40 years$17,363$10,938$6,657$3,943$2,288$136
41 years$16,751$10,412$6,242$3,638$2,076$114
42 years$16,169$9,916$5,856$3,357$1,884$95
43 years$15,616$9,448$5,495$3,099$1,710$79
44 years$15,089$9,006$5,158$2,861$1,552$66
45 years$14,588$8,588$4,843$2,643$1,409$55
46 years$14,109$8,193$4,549$2,441$1,279$46
47 years$13,653$7,818$4,273$2,255$1,161$38
48 years$13,216$7,464$4,016$2,084$1,055$32
49 years$12,799$7,127$3,775$1,926$958$27
50 years$12,400$6,808$3,549$1,780$870$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $12,700,000, adding $4,972 every year, while hoping to spend $55,599 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: 44/50/6 Blend
63$12,700,000$12,700,000$12,700,000$12,700,000
64$14,000,529$13,327,429$13,130,579$14,592,674
65$15,369,426$13,921,316$13,511,296$15,596,116
66$16,876,087$14,542,440$13,902,904$16,676,862
67$18,534,505$15,192,077$14,305,709$17,846,846
68$20,360,099$15,871,563$14,720,025$19,114,264
69$22,369,859$16,582,300$15,146,176$20,488,109
70$24,582,505$17,325,753$15,584,493$21,978,248
71$27,018,665$18,103,459$16,035,317$23,595,511
72$29,701,068$18,917,028$16,499,000$25,351,785
73$32,654,761$19,768,146$16,975,901$27,260,121
74$35,907,343$20,658,581$17,466,389$29,334,852
75$39,489,224$21,590,185$17,970,846$31,591,718
76$43,433,917$22,564,895$18,489,661$34,048,009
77$47,778,347$23,584,746$19,023,235$36,722,722
78$52,563,205$24,651,865$19,571,981$39,636,729
79$57,833,330$25,768,485$20,136,320$42,812,968
80$63,638,132$26,936,942$20,716,688$46,276,650
81$70,032,055$28,159,686$21,313,532$50,055,487
82$77,075,099$29,439,285$21,927,308$54,179,946
83$84,833,375$30,778,426$22,558,490$58,683,524
84$93,379,739$32,179,929$23,207,559$63,603,054
85$102,794,473$33,646,746$23,875,013$68,979,045
86$113,166,045$35,181,972$24,561,361$74,856,047
87$124,591,943$36,788,850$25,267,129$81,283,063
88$137,179,596$38,470,779$25,992,852$88,314,001
89$151,047,387$40,231,319$26,739,085$96,008,164
90$166,325,770$42,074,203$27,506,393$104,430,800
91$183,158,502$44,003,342$28,295,361$113,653,701
92$201,703,998$46,022,835$29,106,585$123,755,868
93$222,136,831$48,136,979$29,940,680$134,824,237
94$244,649,371$50,350,274$30,798,276$146,954,488
95$269,453,610$52,667,441$31,680,022$160,251,925
96$296,783,156$55,093,423$32,586,581$174,832,457
97$326,895,443$57,633,406$33,518,635$190,823,668
98$360,074,155$60,292,820$34,476,887$208,366,004
99$396,631,910$63,077,359$35,462,054$227,614,080
100$436,913,208$65,992,992$36,474,875$248,738,112