Can I retire at age 64 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$1,000,491
2 years$523,273$513,528$504,083$494,925$486,043$465,778
3 years$345,384$335,596$326,175$317,104$308,366$288,667
4 years$256,456$246,699$237,372$228,455$219,929$200,948
5 years$203,114$193,415$184,210$175,476$167,186$148,977
6 years$167,564$157,938$148,869$140,329$132,289$114,871
7 years$142,181$132,636$123,711$115,372$107,586$90,965
8 years$123,152$113,693$104,917$96,783$89,253$73,422
9 years$108,360$98,991$90,365$82,438$75,164$60,114
10 years$96,533$87,255$78,782$71,062$64,044$49,760
11 years$86,863$77,678$69,359$61,845$55,080$41,545
12 years$78,810$69,720$61,554$54,247$47,731$34,926
13 years$72,002$63,006$54,994$47,892$41,622$29,525
14 years$66,171$57,271$49,413$42,513$36,486$25,074
15 years$61,122$52,318$44,613$37,914$32,125$21,375
16 years$56,709$48,001$40,448$33,948$28,392$18,279
17 years$52,819$44,207$36,806$30,502$25,174$15,673
18 years$49,365$40,849$33,599$27,488$22,384$13,469
19 years$46,278$37,859$30,759$24,838$19,951$11,596
20 years$43,503$35,180$28,229$22,496$17,821$10,000
21 years$40,996$32,769$25,965$20,416$15,948$8,636
22 years$38,720$30,589$23,931$18,563$14,295$7,467
23 years$36,645$28,609$22,096$16,906$12,832$6,462
24 years$34,745$26,805$20,435$15,419$11,534$5,597
25 years$33,000$25,155$18,927$14,082$10,378$4,852
26 years$31,392$23,642$17,554$12,875$9,349$4,209
27 years$29,906$22,249$16,300$11,785$8,428$3,653
28 years$28,528$20,966$15,153$10,798$7,605$3,172
29 years$27,248$19,779$14,101$9,902$6,867$2,755
30 years$26,055$18,679$13,135$9,087$6,205$2,394
31 years$24,942$17,658$12,245$8,346$5,610$2,081
32 years$23,900$16,708$11,425$7,670$5,075$1,810
33 years$22,923$15,822$10,668$7,053$4,592$1,574
34 years$22,006$14,996$9,967$6,490$4,158$1,369
35 years$21,143$14,224$9,319$5,974$3,766$1,191
36 years$20,329$13,500$8,717$5,502$3,412$1,037
37 years$19,562$12,822$8,159$5,069$3,093$902
38 years$18,837$12,186$7,641$4,673$2,804$785
39 years$18,150$11,587$7,159$4,308$2,543$684
40 years$17,500$11,024$6,710$3,974$2,306$595
41 years$16,882$10,494$6,292$3,666$2,092$518
42 years$16,296$9,994$5,902$3,384$1,898$451
43 years$15,739$9,523$5,538$3,123$1,723$393
44 years$15,208$9,077$5,198$2,884$1,564$342
45 years$14,703$8,656$4,881$2,663$1,420$298
46 years$14,220$8,257$4,584$2,460$1,289$259
47 years$13,760$7,880$4,307$2,273$1,171$226
48 years$13,320$7,522$4,047$2,100$1,063$197
49 years$12,900$7,184$3,804$1,941$965$171
50 years$12,497$6,862$3,577$1,794$877$149

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $12,800,000, adding $5,586 every year, while hoping to spend $59,974 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: 64/16/20 Blend
63$12,800,000$12,800,000$12,800,000$12,800,000
64$14,111,362$13,432,962$13,234,562$14,942,174
65$15,486,909$14,027,365$13,614,108$16,096,090
66$17,000,752$14,648,884$14,004,359$17,348,914
67$18,666,933$15,298,784$14,405,609$18,716,221
68$20,500,926$15,978,391$14,818,163$20,209,211
69$22,519,781$16,689,092$15,242,331$21,840,204
70$24,742,283$17,432,341$15,678,434$23,622,761
71$27,189,132$18,209,663$16,126,799$25,571,806
72$29,883,140$19,022,653$16,587,762$27,703,762
73$32,849,439$19,872,981$17,061,671$30,036,708
74$36,115,724$20,762,399$17,548,879$32,590,545
75$39,712,513$21,692,742$18,049,751$35,387,180
76$43,673,433$22,665,931$18,564,662$38,450,729
77$48,035,540$23,683,978$19,093,995$41,807,743
78$52,839,665$24,748,993$19,638,144$45,487,457
79$58,130,803$25,863,186$20,197,514$49,522,059
80$63,958,535$27,028,871$20,772,520$53,946,992
81$70,377,493$28,248,474$21,363,588$58,801,282
82$77,447,885$29,524,537$21,971,155$64,127,910
83$85,236,050$30,859,720$22,595,670$69,974,203
84$93,815,096$32,256,815$23,237,594$76,392,287
85$103,265,581$33,718,744$23,897,398$83,439,566
86$113,676,277$35,248,570$24,575,568$91,179,264
87$125,145,009$36,849,502$25,272,602$99,681,017
88$137,779,576$38,524,902$25,989,009$109,021,521
89$151,698,765$40,278,296$26,725,314$119,285,259
90$167,033,481$42,113,374$27,482,054$130,565,283
91$183,927,973$44,034,006$28,259,780$142,964,093
92$202,541,202$46,044,248$29,059,058$156,594,600
93$223,048,336$48,148,347$29,880,467$171,581,180
94$245,642,407$50,350,757$30,724,604$188,060,844
95$270,536,133$52,656,144$31,592,078$206,184,528
96$297,963,921$55,069,399$32,483,516$226,118,507
97$328,184,088$57,595,645$33,399,560$248,045,957
98$361,481,288$60,240,255$34,340,869$272,168,679
99$398,169,209$63,008,857$35,308,117$298,708,995
100$438,593,528$65,907,351$36,301,999$327,911,837