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

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 $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%15.9%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,019,359
2 years$535,538$525,564$515,897$506,525$497,434$472,144
3 years$353,479$343,462$333,820$324,536$315,593$291,056
4 years$262,467$252,481$242,935$233,810$225,083$201,489
5 years$207,874$197,948$188,528$179,588$171,105$148,518
6 years$171,491$161,639$152,358$143,618$135,389$113,833
7 years$145,513$135,744$126,611$118,076$110,108$89,585
8 years$126,039$116,358$107,376$99,051$91,345$71,847
9 years$110,900$101,311$92,483$84,370$76,926$58,437
10 years$98,796$89,300$80,629$72,728$65,545$48,044
11 years$88,899$79,499$70,984$63,295$56,371$39,833
12 years$80,658$71,354$62,997$55,518$48,850$33,247
13 years$73,689$64,483$56,283$49,014$42,598$27,901
14 years$67,722$58,613$50,571$43,509$37,341$23,518
15 years$62,555$53,544$45,659$38,803$32,878$19,896
16 years$58,038$49,126$41,396$34,744$29,058$16,882
17 years$54,057$45,243$37,669$31,217$25,764$14,361
18 years$50,522$41,807$34,387$28,133$22,909$12,242
19 years$47,362$38,746$31,480$25,420$20,419$10,454
20 years$44,523$36,005$28,890$23,023$18,239$8,941
21 years$41,957$33,537$26,574$20,895$16,321$7,656
22 years$39,627$31,305$24,492$18,998$14,630$6,563
23 years$37,503$29,279$22,614$17,302$13,133$5,632
24 years$35,559$27,433$20,914$15,780$11,804$4,836
25 years$33,774$25,744$19,370$14,412$10,622$4,156
26 years$32,128$24,196$17,965$13,177$9,568$3,573
27 years$30,607$22,771$16,682$12,061$8,626$3,073
28 years$29,197$21,457$15,508$11,051$7,783$2,645
29 years$27,887$20,242$14,432$10,134$7,028$2,277
30 years$26,666$19,117$13,443$9,300$6,350$1,961
31 years$25,526$18,071$12,532$8,542$5,741$1,689
32 years$24,460$17,099$11,693$7,850$5,194$1,455
33 years$23,460$16,193$10,918$7,219$4,700$1,254
34 years$22,521$15,348$10,201$6,642$4,255$1,081
35 years$21,638$14,557$9,537$6,114$3,854$932
36 years$20,806$13,817$8,922$5,631$3,492$803
37 years$20,020$13,123$8,350$5,188$3,165$693
38 years$19,278$12,471$7,820$4,782$2,869$597
39 years$18,575$11,859$7,326$4,409$2,602$515
40 years$17,910$11,283$6,867$4,067$2,360$444
41 years$17,278$10,740$6,439$3,752$2,141$383
42 years$16,678$10,229$6,040$3,463$1,943$330
43 years$16,108$9,746$5,668$3,197$1,763$285
44 years$15,565$9,290$5,320$2,952$1,601$246
45 years$15,047$8,859$4,995$2,726$1,453$212
46 years$14,554$8,451$4,692$2,518$1,319$183
47 years$14,083$8,065$4,408$2,326$1,198$158
48 years$13,632$7,699$4,142$2,150$1,088$136
49 years$13,202$7,352$3,893$1,987$988$117
50 years$12,790$7,023$3,660$1,836$898$101

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 $4,873 every year, while hoping to spend $27,045 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: 43/38/19 Blend
63$13,100,000$13,100,000$13,100,000$13,100,000
64$14,441,226$13,746,926$13,543,876$14,982,117
65$15,885,456$14,391,750$13,968,821$16,009,290
66$17,476,090$15,067,264$14,407,094$17,118,425
67$19,228,034$15,774,943$14,859,115$18,319,522
68$21,157,712$16,516,333$15,325,313$19,621,064
69$23,283,223$17,293,057$15,806,135$21,032,361
70$25,624,509$18,106,815$16,302,038$22,563,631
71$28,203,548$18,959,388$16,813,495$24,226,093
72$31,044,557$19,852,645$17,340,995$26,032,061
73$34,174,223$20,788,545$17,885,039$27,995,062
74$37,621,953$21,769,143$18,446,147$30,129,951
75$41,420,153$22,796,592$19,024,854$32,453,048
76$45,604,534$23,873,150$19,621,712$34,982,283
77$50,214,446$25,001,185$20,237,289$37,737,359
78$55,293,254$26,183,178$20,872,173$40,739,929
79$60,888,745$27,421,732$21,526,969$44,013,793
80$67,053,576$28,719,576$22,202,302$47,585,114
81$73,845,776$30,079,571$22,898,815$51,482,658
82$81,329,292$31,504,717$23,617,172$55,738,051
83$89,574,591$32,998,159$24,358,058$60,386,074
84$98,659,327$34,563,196$25,122,180$65,464,978
85$108,669,071$36,203,285$25,910,266$71,016,833
86$119,698,124$37,922,054$26,723,068$77,087,917
87$131,850,402$39,723,304$27,561,360$83,729,140
88$145,240,418$41,611,021$28,425,941$90,996,513
89$159,994,367$43,589,387$29,317,636$98,951,660
90$176,251,310$45,662,785$30,237,294$107,662,393
91$194,164,493$47,835,811$31,185,793$117,203,333
92$213,902,791$50,113,285$32,164,037$127,656,602
93$235,652,301$52,500,261$33,172,957$139,112,582
94$259,618,101$55,002,039$34,213,517$151,670,753
95$286,026,184$57,624,176$35,286,707$165,440,614
96$315,125,594$60,372,500$36,393,550$180,542,700
97$347,190,772$63,253,120$37,535,102$197,109,703
98$382,524,154$66,272,446$38,712,450$215,287,701
99$421,459,017$69,437,196$39,926,718$235,237,521
100$464,362,635$72,754,416$41,179,061$257,136,236