Can I retire at age 64 with 13,100,000?

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 $13,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,029,002
2 years$535,538$525,564$515,897$506,525$497,434$481,742
3 years$353,479$343,462$333,820$324,536$315,593$300,307
4 years$262,467$252,481$242,935$233,810$225,083$210,322
5 years$207,874$197,948$188,528$179,588$171,105$156,911
6 years$171,491$161,639$152,358$143,618$135,389$121,779
7 years$145,513$135,744$126,611$118,076$110,108$97,086
8 years$126,039$116,358$107,376$99,051$91,345$78,909
9 years$110,900$101,311$92,483$84,370$76,926$65,070
10 years$98,796$89,300$80,629$72,728$65,545$54,259
11 years$88,899$79,499$70,984$63,295$56,371$45,645
12 years$80,658$71,354$62,997$55,518$48,850$38,670
13 years$73,689$64,483$56,283$49,014$42,598$32,951
14 years$67,722$58,613$50,571$43,509$37,341$28,211
15 years$62,555$53,544$45,659$38,803$32,878$24,248
16 years$58,038$49,126$41,396$34,744$29,058$20,911
17 years$54,057$45,243$37,669$31,217$25,764$18,084
18 years$50,522$41,807$34,387$28,133$22,909$15,677
19 years$47,362$38,746$31,480$25,420$20,419$13,617
20 years$44,523$36,005$28,890$23,023$18,239$11,849
21 years$41,957$33,537$26,574$20,895$16,321$10,326
22 years$39,627$31,305$24,492$18,998$14,630$9,010
23 years$37,503$29,279$22,614$17,302$13,133$7,871
24 years$35,559$27,433$20,914$15,780$11,804$6,882
25 years$33,774$25,744$19,370$14,412$10,622$6,023
26 years$32,128$24,196$17,965$13,177$9,568$5,275
27 years$30,607$22,771$16,682$12,061$8,626$4,622
28 years$29,197$21,457$15,508$11,051$7,783$4,053
29 years$27,887$20,242$14,432$10,134$7,028$3,555
30 years$26,666$19,117$13,443$9,300$6,350$3,120
31 years$25,526$18,071$12,532$8,542$5,741$2,739
32 years$24,460$17,099$11,693$7,850$5,194$2,406
33 years$23,460$16,193$10,918$7,219$4,700$2,113
34 years$22,521$15,348$10,201$6,642$4,255$1,857
35 years$21,638$14,557$9,537$6,114$3,854$1,632
36 years$20,806$13,817$8,922$5,631$3,492$1,435
37 years$20,020$13,123$8,350$5,188$3,165$1,261
38 years$19,278$12,471$7,820$4,782$2,869$1,109
39 years$18,575$11,859$7,326$4,409$2,602$975
40 years$17,910$11,283$6,867$4,067$2,360$858
41 years$17,278$10,740$6,439$3,752$2,141$755
42 years$16,678$10,229$6,040$3,463$1,943$664
43 years$16,108$9,746$5,668$3,197$1,763$584
44 years$15,565$9,290$5,320$2,952$1,601$514
45 years$15,047$8,859$4,995$2,726$1,453$452
46 years$14,554$8,451$4,692$2,518$1,319$398
47 years$14,083$8,065$4,408$2,326$1,198$350
48 years$13,632$7,699$4,142$2,150$1,088$308
49 years$13,202$7,352$3,893$1,987$988$271
50 years$12,790$7,023$3,660$1,836$898$239

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $13,100,000, adding $2,193 every year, while hoping to spend $47,647 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: 59/11/30 Blend
63$13,100,000$13,100,000$13,100,000$13,100,000
64$14,438,462$13,744,162$13,541,112$15,171,789
65$15,860,489$14,366,930$13,944,043$16,297,157
66$17,425,966$15,018,617$14,358,876$17,518,937
67$19,149,474$15,700,589$14,785,958$18,850,761
68$21,047,082$16,414,278$15,225,648$20,303,355
69$23,136,492$17,161,186$15,678,315$21,888,515
70$25,437,214$17,942,884$16,144,339$23,619,226
71$27,970,746$18,761,021$16,624,110$25,509,777
72$30,760,773$19,617,323$17,118,030$27,575,891
73$33,833,400$20,513,599$17,626,511$29,834,877
74$37,217,388$21,451,747$18,149,981$32,305,788
75$40,944,432$22,433,752$18,688,875$35,009,595
76$45,049,456$23,461,699$19,243,645$37,969,385
77$49,570,947$24,537,768$19,814,753$41,210,578
78$54,551,313$25,664,248$20,402,677$44,761,157
79$60,037,286$26,843,536$21,007,906$48,651,938
80$66,080,364$28,078,143$21,630,945$52,916,847
81$72,737,292$29,370,704$22,272,313$57,593,245
82$80,070,604$30,723,976$22,932,543$62,722,275
83$88,149,208$32,140,854$23,612,186$68,349,244
84$97,049,040$33,624,368$24,311,807$74,524,047
85$106,853,775$35,177,695$25,031,985$81,301,637
86$117,655,624$36,804,166$25,773,321$88,742,537
87$129,556,198$38,507,271$26,536,428$96,913,407
88$142,667,472$40,290,669$27,321,940$105,887,668
89$157,112,836$42,158,194$28,130,507$115,746,192
90$173,028,267$44,113,866$28,962,800$126,578,058
91$190,563,603$46,161,899$29,819,507$138,481,390
92$209,883,968$48,306,709$30,701,337$151,564,276
93$231,171,320$50,552,925$31,609,019$165,945,783
94$254,626,176$52,905,400$32,543,303$181,757,076
95$280,469,502$55,369,221$33,504,960$199,142,649
96$308,944,798$57,949,720$34,494,784$218,261,681
97$340,320,398$60,652,486$35,513,589$239,289,538
98$374,892,001$63,483,380$36,562,217$262,419,412
99$412,985,463$66,448,544$37,641,529$287,864,147
100$454,959,875$69,554,417$38,752,415$315,858,233