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%17.5%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$981,871
2 years$519,185$509,516$500,145$491,059$482,246$451,435
3 years$342,685$332,974$323,627$314,626$305,956$276,146
4 years$254,453$244,771$235,517$226,670$218,211$189,629
5 years$201,527$191,904$182,771$174,105$165,880$138,604
6 years$166,255$156,704$147,706$139,233$131,255$105,309
7 years$141,070$131,600$122,745$114,471$106,746$82,128
8 years$122,190$112,805$104,097$96,027$88,556$65,251
9 years$107,513$98,217$89,659$81,794$74,577$52,560
10 years$95,779$86,574$78,167$70,507$63,543$42,783
11 years$86,184$77,071$68,817$61,362$54,649$35,109
12 years$78,195$69,175$61,073$53,823$47,358$28,998
13 years$71,439$62,514$54,565$47,517$41,297$24,074
14 years$65,654$56,824$49,027$42,181$36,201$20,070
15 years$60,645$51,909$44,264$37,618$31,874$16,788
16 years$56,266$47,626$40,132$33,683$28,170$14,083
17 years$52,406$43,862$36,519$30,264$24,978$11,841
18 years$48,979$40,530$33,337$27,274$22,209$9,975
19 years$45,916$37,563$30,518$24,644$19,795$8,417
20 years$43,163$34,905$28,008$22,320$17,682$7,111
21 years$40,676$32,513$25,762$20,257$15,823$6,015
22 years$38,417$30,350$23,744$18,418$14,183$5,093
23 years$36,358$28,385$21,923$16,774$12,732$4,315
24 years$34,474$26,595$20,275$15,299$11,443$3,659
25 years$32,743$24,958$18,779$13,972$10,297$3,104
26 years$31,147$23,457$17,417$12,775$9,276$2,635
27 years$29,672$22,076$16,173$11,693$8,363$2,237
28 years$28,306$20,802$15,035$10,713$7,546$1,900
29 years$27,035$19,624$13,991$9,824$6,814$1,615
30 years$25,852$18,533$13,032$9,016$6,157$1,372
31 years$24,747$17,520$12,150$8,281$5,566$1,166
32 years$23,713$16,577$11,336$7,610$5,035$992
33 years$22,744$15,699$10,584$6,998$4,557$843
34 years$21,834$14,879$9,889$6,439$4,126$717
35 years$20,977$14,112$9,246$5,927$3,737$610
36 years$20,171$13,395$8,649$5,459$3,386$519
37 years$19,409$12,722$8,095$5,030$3,068$441
38 years$18,689$12,090$7,581$4,636$2,782$375
39 years$18,008$11,497$7,103$4,275$2,523$319
40 years$17,363$10,938$6,657$3,943$2,288$272
41 years$16,751$10,412$6,242$3,638$2,076$231
42 years$16,169$9,916$5,856$3,357$1,884$197
43 years$15,616$9,448$5,495$3,099$1,710$167
44 years$15,089$9,006$5,158$2,861$1,552$142
45 years$14,588$8,588$4,843$2,643$1,409$121
46 years$14,109$8,193$4,549$2,441$1,279$103
47 years$13,653$7,818$4,273$2,255$1,161$88
48 years$13,216$7,464$4,016$2,084$1,055$75
49 years$12,799$7,127$3,775$1,926$958$64
50 years$12,400$6,808$3,549$1,780$870$54

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 $2,179 every year, while hoping to spend $30,837 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: 75/11/14 Blend
63$12,700,000$12,700,000$12,700,000$12,700,000
64$13,997,648$13,324,548$13,127,698$15,005,827
65$15,392,597$13,944,640$13,534,665$16,292,225
66$16,928,798$14,594,084$13,954,233$17,697,631
67$18,620,626$15,274,284$14,386,789$19,237,094
68$20,483,920$15,986,714$14,832,737$20,923,933
69$22,536,136$16,732,919$15,292,490$22,772,814
70$24,796,508$17,514,518$15,766,475$24,799,883
71$27,286,231$18,333,209$16,255,131$27,022,916
72$30,028,661$19,190,770$16,758,912$29,461,488
73$33,049,535$20,089,068$17,278,286$32,137,154
74$36,377,213$21,030,058$17,813,734$35,073,649
75$40,042,948$22,015,790$18,365,753$38,297,113
76$44,081,178$23,048,414$18,934,856$41,836,330
77$48,529,855$24,130,183$19,521,570$45,723,004
78$53,430,797$25,263,458$20,126,439$49,992,050
79$58,830,088$26,450,718$20,750,025$54,681,922
80$64,778,511$27,694,557$21,392,905$59,834,977
81$71,332,028$28,997,699$22,055,676$65,497,867
82$78,552,306$30,362,998$22,738,952$71,721,979
83$86,507,301$31,793,445$23,443,367$78,563,915
84$95,271,900$33,292,177$24,169,574$86,086,026
85$104,928,625$34,862,485$24,918,246$94,356,994
86$115,568,413$36,507,816$25,690,076$103,452,476
87$127,291,478$38,231,785$26,485,780$113,455,820
88$140,208,251$40,038,185$27,306,096$124,458,842
89$154,440,425$41,930,989$28,151,782$136,562,690
90$170,122,106$43,914,364$29,023,624$149,878,795
91$187,401,074$45,992,681$29,922,429$164,529,922
92$206,440,181$48,170,521$30,849,028$180,651,315
93$227,418,890$50,452,687$31,804,281$198,391,979
94$250,534,964$52,844,216$32,789,072$217,916,076
95$276,006,338$55,350,389$33,804,313$239,404,468
96$304,073,170$57,976,744$34,850,943$263,056,424
97$335,000,117$60,729,088$35,929,933$289,091,492
98$369,078,823$63,613,508$37,042,281$317,751,563
99$406,630,682$66,636,389$38,189,016$349,303,155
100$448,009,864$69,804,424$39,371,200$384,039,915