Can I retire at age 64 with 12,900,000?

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 $12,900,000?

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$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$987,851
2 years$527,361$517,540$508,021$498,792$489,840$449,227
3 years$348,082$338,218$328,723$319,581$310,775$271,641
4 years$258,460$248,626$239,226$230,240$221,647$184,291
5 years$204,701$194,926$185,649$176,846$168,493$133,008
6 years$168,873$159,172$150,032$141,425$133,322$99,733
7 years$143,292$133,672$124,678$116,274$108,427$76,720
8 years$124,114$114,582$105,736$97,539$89,951$60,094
9 years$109,207$99,764$91,071$83,082$75,751$47,700
10 years$97,287$87,937$79,398$71,617$64,544$38,243
11 years$87,542$78,285$69,900$62,328$55,510$30,898
12 years$79,426$70,265$62,035$54,670$48,104$25,115
13 years$72,564$63,499$55,424$48,266$41,947$20,512
14 years$66,688$57,718$49,799$42,845$36,771$16,816
15 years$61,600$52,727$44,962$38,210$32,376$13,829
16 years$57,152$48,376$40,764$34,213$28,614$11,400
17 years$53,231$44,552$37,094$30,740$25,371$9,418
18 years$49,750$41,168$33,862$27,703$22,559$7,793
19 years$46,639$38,154$30,999$25,032$20,107$6,457
20 years$43,843$35,455$28,449$22,671$17,960$5,356
21 years$41,316$33,025$26,168$20,576$16,072$4,447
22 years$39,022$30,828$24,118$18,708$14,407$3,695
23 years$36,931$28,832$22,268$17,038$12,932$3,072
24 years$35,017$27,014$20,595$15,539$11,624$2,556
25 years$33,258$25,351$19,075$14,192$10,460$2,127
26 years$31,638$23,826$17,691$12,976$9,422$1,771
27 years$30,140$22,423$16,427$11,877$8,494$1,475
28 years$28,751$21,129$15,271$10,882$7,665$1,228
29 years$27,461$19,933$14,211$9,979$6,921$1,023
30 years$26,259$18,825$13,237$9,158$6,254$853
31 years$25,136$17,796$12,341$8,411$5,654$711
32 years$24,086$16,838$11,514$7,730$5,114$592
33 years$23,102$15,946$10,751$7,108$4,628$494
34 years$22,178$15,113$10,045$6,540$4,190$412
35 years$21,308$14,335$9,391$6,021$3,795$343
36 years$20,488$13,606$8,785$5,545$3,439$286
37 years$19,715$12,922$8,223$5,109$3,117$239
38 years$18,984$12,281$7,700$4,709$2,826$199
39 years$18,292$11,678$7,214$4,342$2,562$166
40 years$17,636$11,111$6,762$4,005$2,324$138
41 years$17,014$10,576$6,341$3,695$2,109$115
42 years$16,424$10,072$5,948$3,410$1,913$96
43 years$15,862$9,597$5,581$3,148$1,736$80
44 years$15,327$9,148$5,239$2,907$1,576$67
45 years$14,817$8,723$4,919$2,684$1,431$56
46 years$14,332$8,322$4,620$2,479$1,299$47
47 years$13,868$7,941$4,341$2,291$1,180$39
48 years$13,424$7,581$4,079$2,117$1,071$32
49 years$13,001$7,240$3,834$1,956$973$27
50 years$12,595$6,916$3,605$1,808$884$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $12,900,000, adding $6,588 every year, while hoping to spend $25,690 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: 28/43/29 Blend
63$12,900,000$12,900,000$12,900,000$12,900,000
64$14,222,596$13,538,896$13,338,946$14,492,992
65$15,645,966$14,174,967$13,758,466$15,346,863
66$17,213,660$14,841,346$14,191,180$16,260,915
67$18,940,370$15,539,489$14,637,501$17,242,442
68$20,842,289$16,270,924$15,097,858$18,297,257
69$22,937,258$17,037,255$15,572,692$19,431,721
70$25,244,939$17,840,162$16,062,459$20,652,794
71$27,786,999$18,681,406$16,567,627$21,968,098
72$30,587,311$19,562,833$17,088,681$23,385,977
73$33,672,185$20,486,380$17,626,120$24,915,573
74$37,070,613$21,454,078$18,180,460$26,566,901
75$40,814,543$22,468,055$18,752,233$28,350,938
76$44,939,179$23,530,543$19,341,985$30,279,720
77$49,483,317$24,643,881$19,950,284$32,366,440
78$54,489,708$25,810,524$20,577,711$34,625,573
79$60,005,462$27,033,043$21,224,868$37,072,996
80$66,082,494$28,314,137$21,892,376$39,726,129
81$72,778,012$29,656,634$22,580,874$42,604,092
82$80,155,059$31,063,498$23,291,023$45,727,874
83$88,283,106$32,537,840$24,023,503$49,120,518
84$97,238,708$34,082,920$24,779,016$52,807,326
85$107,106,230$35,702,157$25,558,287$56,816,089
86$117,978,639$37,399,136$26,362,062$61,177,334
87$129,958,381$39,177,615$27,191,113$65,924,599
88$143,158,354$41,041,536$28,046,233$71,094,734
89$157,702,967$42,995,032$28,928,243$76,728,239
90$173,729,318$45,042,437$29,837,987$82,869,625
91$191,388,487$47,188,295$30,776,338$89,567,819
92$210,846,963$49,437,372$31,744,196$96,876,613
93$232,288,214$51,794,664$32,742,487$104,855,151
94$255,914,421$54,265,411$33,772,170$113,568,466
95$281,948,385$56,855,109$34,834,230$123,088,082
96$310,635,629$59,569,519$35,929,686$133,492,661
97$342,246,721$62,414,683$37,059,588$144,868,730
98$377,079,821$65,396,937$38,225,019$157,311,472
99$415,463,501$68,522,925$39,427,096$170,925,602
100$457,759,846$71,799,616$40,666,970$185,826,335