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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.8%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,012,456
2 years$527,361$517,540$508,021$498,792$489,840$473,553
3 years$348,082$338,218$328,723$319,581$310,775$294,915
4 years$258,460$248,626$239,226$230,240$221,647$206,337
5 years$204,701$194,926$185,649$176,846$168,493$153,777
6 years$168,873$159,172$150,032$141,425$133,322$119,217
7 years$143,292$133,672$124,678$116,274$108,427$94,937
8 years$124,114$114,582$105,736$97,539$89,951$77,074
9 years$109,207$99,764$91,071$83,082$75,751$63,481
10 years$97,287$87,937$79,398$71,617$64,544$52,870
11 years$87,542$78,285$69,900$62,328$55,510$44,420
12 years$79,426$70,265$62,035$54,670$48,104$37,585
13 years$72,564$63,499$55,424$48,266$41,947$31,984
14 years$66,688$57,718$49,799$42,845$36,771$27,346
15 years$61,600$52,727$44,962$38,210$32,376$23,473
16 years$57,152$48,376$40,764$34,213$28,614$20,215
17 years$53,231$44,552$37,094$30,740$25,371$17,457
18 years$49,750$41,168$33,862$27,703$22,559$15,111
19 years$46,639$38,154$30,999$25,032$20,107$13,107
20 years$43,843$35,455$28,449$22,671$17,960$11,388
21 years$41,316$33,025$26,168$20,576$16,072$9,909
22 years$39,022$30,828$24,118$18,708$14,407$8,633
23 years$36,931$28,832$22,268$17,038$12,932$7,530
24 years$35,017$27,014$20,595$15,539$11,624$6,574
25 years$33,258$25,351$19,075$14,192$10,460$5,744
26 years$31,638$23,826$17,691$12,976$9,422$5,022
27 years$30,140$22,423$16,427$11,877$8,494$4,394
28 years$28,751$21,129$15,271$10,882$7,665$3,847
29 years$27,461$19,933$14,211$9,979$6,921$3,369
30 years$26,259$18,825$13,237$9,158$6,254$2,952
31 years$25,136$17,796$12,341$8,411$5,654$2,587
32 years$24,086$16,838$11,514$7,730$5,114$2,268
33 years$23,102$15,946$10,751$7,108$4,628$1,989
34 years$22,178$15,113$10,045$6,540$4,190$1,745
35 years$21,308$14,335$9,391$6,021$3,795$1,531
36 years$20,488$13,606$8,785$5,545$3,439$1,344
37 years$19,715$12,922$8,223$5,109$3,117$1,179
38 years$18,984$12,281$7,700$4,709$2,826$1,035
39 years$18,292$11,678$7,214$4,342$2,562$909
40 years$17,636$11,111$6,762$4,005$2,324$798
41 years$17,014$10,576$6,341$3,695$2,109$701
42 years$16,424$10,072$5,948$3,410$1,913$615
43 years$15,862$9,597$5,581$3,148$1,736$541
44 years$15,327$9,148$5,239$2,907$1,576$475
45 years$14,817$8,723$4,919$2,684$1,431$417
46 years$14,332$8,322$4,620$2,479$1,299$366
47 years$13,868$7,941$4,341$2,291$1,180$322
48 years$13,424$7,581$4,079$2,117$1,071$283
49 years$13,001$7,240$3,834$1,956$973$248
50 years$12,595$6,916$3,605$1,808$884$218

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 $6,926 every year, while hoping to spend $25,980 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: 42/42/16 Blend
63$12,900,000$12,900,000$12,900,000$12,900,000
64$14,222,944$13,539,244$13,339,294$14,753,362
65$15,646,042$14,175,025$13,758,518$15,763,856
66$17,213,425$14,841,088$14,190,915$16,854,319
67$18,939,783$15,538,889$14,636,899$18,034,594
68$20,841,303$16,269,957$15,096,898$19,312,916
69$22,935,822$17,035,891$15,571,350$20,698,320
70$25,242,997$17,838,371$16,060,711$22,200,717
71$27,784,486$18,679,155$16,565,449$23,830,987
72$30,584,159$19,560,089$17,086,046$25,601,067
73$33,668,317$20,483,106$17,623,002$27,524,067
74$37,065,942$21,450,236$18,176,830$29,614,380
75$40,808,975$22,463,604$18,748,060$31,887,812
76$44,932,609$23,525,439$19,337,239$34,361,727
77$49,475,629$24,638,080$19,944,931$37,055,197
78$54,480,774$25,803,976$20,571,716$39,989,182
79$59,995,140$27,025,699$21,218,197$43,186,709
80$66,070,628$28,305,941$21,884,990$46,673,091
81$72,764,429$29,647,529$22,572,734$50,476,147
82$80,139,568$31,053,425$23,282,087$54,626,463
83$88,265,495$32,526,734$24,013,728$59,157,663
84$97,218,745$34,070,714$24,768,358$64,106,722
85$107,083,657$35,688,779$25,546,698$69,514,300
86$117,953,171$37,384,510$26,349,494$75,425,112
87$129,929,706$39,161,662$27,177,512$81,888,345
88$143,126,124$41,024,172$28,031,547$88,958,102
89$157,666,800$42,976,168$28,912,415$96,693,901
90$173,688,792$45,021,978$29,820,960$105,161,226
91$191,343,136$47,166,143$30,758,049$114,432,126
92$210,796,273$49,413,421$31,724,581$124,585,881
93$232,231,619$51,768,804$32,721,481$135,709,737
94$255,851,295$54,237,526$33,749,701$147,899,707
95$281,878,037$56,825,075$34,810,226$161,261,462
96$310,557,299$59,537,206$35,904,071$175,911,313
97$342,159,569$62,379,955$37,032,282$191,977,283
98$376,982,921$65,359,648$38,195,940$209,600,300
99$415,355,831$68,482,924$39,396,157$228,935,506
100$457,640,280$71,756,741$40,634,081$250,153,693