Can I retire at age 64 with 13,200,000?

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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,017,671
2 years$539,626$529,576$519,835$510,392$501,232$466,394
3 years$356,177$346,083$336,368$327,013$318,002$284,335
4 years$264,470$254,408$244,790$235,594$226,802$194,564
5 years$209,461$199,459$189,967$180,959$172,411$141,688
6 years$172,800$162,873$153,521$144,714$136,423$107,240
7 years$146,624$136,781$127,577$118,978$110,948$83,301
8 years$127,001$117,246$108,195$99,807$92,042$65,910
9 years$111,746$102,084$93,189$85,014$77,513$52,865
10 years$99,550$89,982$81,244$73,283$66,045$42,842
11 years$89,578$80,106$71,526$63,778$56,801$34,999
12 years$81,273$71,899$63,477$55,942$49,222$28,773
13 years$74,252$64,975$56,713$49,388$42,923$23,774
14 years$68,239$59,061$50,957$43,841$37,626$19,723
15 years$63,032$53,953$46,007$39,099$33,129$16,417
16 years$58,481$49,501$41,712$35,009$29,279$13,702
17 years$54,469$45,589$37,956$31,455$25,961$11,462
18 years$50,907$42,126$34,649$28,347$23,083$9,606
19 years$47,724$39,042$31,720$25,614$20,575$8,062
20 years$44,863$36,280$29,111$23,199$18,378$6,775
21 years$42,277$33,793$26,776$21,054$16,446$5,700
22 years$39,930$31,544$24,679$19,143$14,742$4,800
23 years$37,790$29,503$22,786$17,434$13,233$4,044
24 years$35,831$27,642$21,073$15,901$11,894$3,410
25 years$34,032$25,941$19,518$14,522$10,703$2,877
26 years$32,373$24,380$18,102$13,278$9,641$2,428
27 years$30,841$22,945$16,809$12,153$8,692$2,050
28 years$29,420$21,621$15,627$11,135$7,843$1,732
29 years$28,100$20,397$14,542$10,211$7,082$1,463
30 years$26,869$19,262$13,545$9,371$6,399$1,236
31 years$25,721$18,209$12,628$8,607$5,785$1,045
32 years$24,647$17,230$11,782$7,910$5,233$883
33 years$23,639$16,317$11,001$7,274$4,736$747
34 years$22,693$15,465$10,279$6,693$4,288$631
35 years$21,803$14,668$9,610$6,161$3,884$534
36 years$20,965$13,922$8,990$5,674$3,519$451
37 years$20,173$13,223$8,414$5,228$3,189$382
38 years$19,425$12,566$7,880$4,819$2,891$323
39 years$18,717$11,949$7,382$4,443$2,622$273
40 years$18,046$11,369$6,919$4,098$2,378$231
41 years$17,410$10,822$6,488$3,781$2,158$195
42 years$16,806$10,307$6,086$3,489$1,958$165
43 years$16,231$9,820$5,711$3,221$1,777$140
44 years$15,683$9,361$5,361$2,974$1,613$118
45 years$15,162$8,926$5,034$2,747$1,464$100
46 years$14,665$8,515$4,728$2,537$1,329$85
47 years$14,190$8,126$4,442$2,344$1,207$72
48 years$13,737$7,757$4,174$2,166$1,096$61
49 years$13,303$7,408$3,923$2,002$996$51
50 years$12,888$7,076$3,688$1,850$904$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $13,200,000, adding $5,987 every year, while hoping to spend $53,619 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: 80/12/8 Blend
63$13,200,000$13,200,000$13,200,000$13,200,000
64$14,552,576$13,852,976$13,648,376$15,701,254
65$15,979,888$14,474,721$14,048,546$17,076,625
66$17,550,989$15,125,135$14,460,325$18,577,790
67$19,280,489$15,805,566$14,884,045$20,223,370
68$21,184,486$16,517,426$15,320,047$22,027,763
69$23,280,718$17,262,194$15,768,684$24,006,824
70$25,588,732$18,041,422$16,230,315$26,178,009
71$28,130,064$18,856,733$16,705,312$28,560,541
72$30,928,448$19,709,830$17,194,057$31,175,588
73$34,010,034$20,602,496$17,696,942$34,046,463
74$37,403,638$21,536,599$18,214,371$37,198,839
75$41,141,015$22,514,098$18,746,757$40,660,989
76$45,257,153$23,537,044$19,294,529$44,464,056
77$49,790,610$24,607,586$19,858,123$48,642,337
78$54,783,872$25,727,978$20,437,989$53,233,610
79$60,283,757$26,900,579$21,034,592$58,279,486
80$66,341,857$28,127,863$21,648,407$63,825,797
81$73,015,020$29,412,423$22,279,924$69,923,030
82$80,365,895$30,756,975$22,929,644$76,626,799
83$88,463,515$32,164,365$23,598,085$83,998,364
84$97,383,951$33,637,576$24,285,778$92,105,210
85$107,211,032$35,179,735$24,993,270$101,021,679
86$118,037,133$36,794,119$25,721,121$110,829,668
87$129,964,051$38,484,160$26,469,908$121,619,401
88$143,103,958$40,253,458$27,240,224$133,490,273
89$157,580,468$42,105,784$28,032,678$146,551,786
90$173,529,800$44,045,091$28,847,897$160,924,580
91$191,102,061$46,075,522$29,686,523$176,741,566
92$210,462,668$48,201,420$30,549,218$194,149,176
93$231,793,905$50,427,334$31,436,662$213,308,740
94$255,296,645$52,758,036$32,349,552$234,398,009
95$281,192,248$55,198,524$33,288,607$257,612,820
96$309,724,646$57,754,040$34,254,563$283,168,946
97$341,162,647$60,430,076$35,248,179$311,304,124
98$375,802,477$63,232,389$36,270,233$342,280,294
99$413,970,569$66,167,015$37,321,525$376,386,065
100$456,026,647$69,240,279$38,402,876$413,939,438