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%16.5%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,016,884
2 years$535,538$525,564$515,897$506,525$497,434$469,693
3 years$353,479$343,462$333,820$324,536$315,593$288,705
4 years$262,467$252,481$242,935$233,810$225,083$199,257
5 years$207,874$197,948$188,528$179,588$171,105$146,410
6 years$171,491$161,639$152,358$143,618$135,389$111,851
7 years$145,513$135,744$126,611$118,076$110,108$87,726
8 years$126,039$116,358$107,376$99,051$91,345$70,110
9 years$110,900$101,311$92,483$84,370$76,926$56,818
10 years$98,796$89,300$80,629$72,728$65,545$46,539
11 years$88,899$79,499$70,984$63,295$56,371$38,437
12 years$80,658$71,354$62,997$55,518$48,850$31,957
13 years$73,689$64,483$56,283$49,014$42,598$26,710
14 years$67,722$58,613$50,571$43,509$37,341$22,421
15 years$62,555$53,544$45,659$38,803$32,878$18,888
16 years$58,038$49,126$41,396$34,744$29,058$15,959
17 years$54,057$45,243$37,669$31,217$25,764$13,516
18 years$50,522$41,807$34,387$28,133$22,909$11,471
19 years$47,362$38,746$31,480$25,420$20,419$9,752
20 years$44,523$36,005$28,890$23,023$18,239$8,303
21 years$41,957$33,537$26,574$20,895$16,321$7,077
22 years$39,627$31,305$24,492$18,998$14,630$6,039
23 years$37,503$29,279$22,614$17,302$13,133$5,157
24 years$35,559$27,433$20,914$15,780$11,804$4,408
25 years$33,774$25,744$19,370$14,412$10,622$3,769
26 years$32,128$24,196$17,965$13,177$9,568$3,225
27 years$30,607$22,771$16,682$12,061$8,626$2,761
28 years$29,197$21,457$15,508$11,051$7,783$2,364
29 years$27,887$20,242$14,432$10,134$7,028$2,025
30 years$26,666$19,117$13,443$9,300$6,350$1,736
31 years$25,526$18,071$12,532$8,542$5,741$1,488
32 years$24,460$17,099$11,693$7,850$5,194$1,275
33 years$23,460$16,193$10,918$7,219$4,700$1,094
34 years$22,521$15,348$10,201$6,642$4,255$938
35 years$21,638$14,557$9,537$6,114$3,854$804
36 years$20,806$13,817$8,922$5,631$3,492$690
37 years$20,020$13,123$8,350$5,188$3,165$592
38 years$19,278$12,471$7,820$4,782$2,869$508
39 years$18,575$11,859$7,326$4,409$2,602$436
40 years$17,910$11,283$6,867$4,067$2,360$374
41 years$17,278$10,740$6,439$3,752$2,141$321
42 years$16,678$10,229$6,040$3,463$1,943$275
43 years$16,108$9,746$5,668$3,197$1,763$236
44 years$15,565$9,290$5,320$2,952$1,601$203
45 years$15,047$8,859$4,995$2,726$1,453$174
46 years$14,554$8,451$4,692$2,518$1,319$149
47 years$14,083$8,065$4,408$2,326$1,198$128
48 years$13,632$7,699$4,142$2,150$1,088$110
49 years$13,202$7,352$3,893$1,987$988$94
50 years$12,790$7,023$3,660$1,836$898$81

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 $4,402 every year, while hoping to spend $53,463 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: 35/39/26 Blend
63$13,100,000$13,100,000$13,100,000$13,100,000
64$14,440,741$13,746,441$13,543,391$14,832,556
65$15,856,812$14,363,132$13,940,210$15,741,560
66$17,415,531$15,008,249$14,348,531$16,716,516
67$19,131,391$15,683,129$14,768,682$17,767,440
68$21,020,361$16,389,172$15,201,002$18,901,154
69$23,100,041$17,127,844$15,645,839$20,125,142
70$25,389,819$17,900,682$16,103,548$21,447,605
71$27,911,062$18,709,297$16,574,499$22,877,543
72$30,687,314$19,555,376$17,059,068$24,424,828
73$33,744,517$20,440,686$17,557,643$26,100,294
74$37,111,258$21,367,080$18,070,625$27,915,833
75$40,819,038$22,336,499$18,598,423$29,884,497
76$44,902,568$23,350,976$19,141,458$32,020,622
77$49,400,098$24,412,642$19,700,165$34,339,947
78$54,353,776$25,523,729$20,274,989$36,859,764
79$59,810,048$26,686,579$20,866,387$39,599,067
80$65,820,094$27,903,641$21,474,832$42,578,724
81$72,440,310$29,177,487$22,100,806$45,821,672
82$79,732,846$30,510,808$22,744,807$49,353,114
83$87,766,184$31,906,426$23,407,346$53,200,758
84$96,615,792$33,367,297$24,088,949$57,395,061
85$106,364,829$34,896,521$24,790,155$61,969,512
86$117,104,937$36,497,346$25,511,520$66,960,934
87$128,937,098$38,173,174$26,253,614$72,409,823
88$141,972,595$39,927,572$27,017,023$78,360,717
89$156,334,056$41,764,279$27,802,349$84,862,605
90$172,156,614$43,687,213$28,610,212$91,969,377
91$189,589,182$45,700,480$29,441,248$99,740,321
92$208,795,858$47,808,383$30,296,109$108,240,666
93$229,957,476$50,015,435$31,175,470$117,542,184
94$253,273,309$52,326,361$32,080,018$127,723,857
95$278,962,952$54,746,118$33,010,464$138,872,599
96$307,268,396$57,279,901$33,967,537$151,084,068
97$338,456,308$59,933,151$34,951,985$164,463,545
98$372,820,553$62,711,577$35,964,578$179,126,918
99$410,684,964$65,621,160$37,006,107$195,201,746
100$452,406,402$68,668,169$38,077,383$212,828,456