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

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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,027,558
2 years$539,626$529,576$519,835$510,392$501,232$476,162
3 years$356,177$346,083$336,368$327,013$318,002$293,675
4 years$264,470$254,408$244,790$235,594$226,802$203,404
5 years$209,461$199,459$189,967$180,959$172,411$150,009
6 years$172,800$162,873$153,521$144,714$136,423$115,039
7 years$146,624$136,781$127,577$118,978$110,948$90,585
8 years$127,001$117,246$108,195$99,807$92,042$72,692
9 years$111,746$102,084$93,189$85,014$77,513$59,159
10 years$99,550$89,982$81,244$73,283$66,045$48,668
11 years$89,578$80,106$71,526$63,778$56,801$40,376
12 years$81,273$71,899$63,477$55,942$49,222$33,723
13 years$74,252$64,975$56,713$49,388$42,923$28,319
14 years$68,239$59,061$50,957$43,841$37,626$23,887
15 years$63,032$53,953$46,007$39,099$33,129$20,222
16 years$58,481$49,501$41,712$35,009$29,279$17,171
17 years$54,469$45,589$37,956$31,455$25,961$14,617
18 years$50,907$42,126$34,649$28,347$23,083$12,469
19 years$47,724$39,042$31,720$25,614$20,575$10,656
20 years$44,863$36,280$29,111$23,199$18,378$9,121
21 years$42,277$33,793$26,776$21,054$16,446$7,816
22 years$39,930$31,544$24,679$19,143$14,742$6,706
23 years$37,790$29,503$22,786$17,434$13,233$5,758
24 years$35,831$27,642$21,073$15,901$11,894$4,949
25 years$34,032$25,941$19,518$14,522$10,703$4,256
26 years$32,373$24,380$18,102$13,278$9,641$3,662
27 years$30,841$22,945$16,809$12,153$8,692$3,153
28 years$29,420$21,621$15,627$11,135$7,843$2,715
29 years$28,100$20,397$14,542$10,211$7,082$2,340
30 years$26,869$19,262$13,545$9,371$6,399$2,016
31 years$25,721$18,209$12,628$8,607$5,785$1,738
32 years$24,647$17,230$11,782$7,910$5,233$1,499
33 years$23,639$16,317$11,001$7,274$4,736$1,293
34 years$22,693$15,465$10,279$6,693$4,288$1,115
35 years$21,803$14,668$9,610$6,161$3,884$962
36 years$20,965$13,922$8,990$5,674$3,519$830
37 years$20,173$13,223$8,414$5,228$3,189$716
38 years$19,425$12,566$7,880$4,819$2,891$618
39 years$18,717$11,949$7,382$4,443$2,622$534
40 years$18,046$11,369$6,919$4,098$2,378$461
41 years$17,410$10,822$6,488$3,781$2,158$398
42 years$16,806$10,307$6,086$3,489$1,958$343
43 years$16,231$9,820$5,711$3,221$1,777$296
44 years$15,683$9,361$5,361$2,974$1,613$256
45 years$15,162$8,926$5,034$2,747$1,464$221
46 years$14,665$8,515$4,728$2,537$1,329$191
47 years$14,190$8,126$4,442$2,344$1,207$165
48 years$13,737$7,757$4,174$2,166$1,096$142
49 years$13,303$7,408$3,923$2,002$996$123
50 years$12,888$7,076$3,688$1,850$904$106

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 $3,471 every year, while hoping to spend $37,955 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: 50/36/14 Blend
63$13,200,000$13,200,000$13,200,000$13,200,000
64$14,549,980$13,850,380$13,645,780$15,221,642
65$15,993,695$14,488,665$14,062,530$16,321,694
66$17,583,395$15,156,954$14,491,969$17,512,221
67$19,333,934$15,856,676$14,934,482$18,805,134
68$21,261,673$16,589,332$15,390,465$20,210,074
69$23,384,646$17,356,492$15,860,328$21,737,629
70$25,722,722$18,159,802$16,344,492$23,399,430
71$28,297,797$19,000,989$16,843,389$25,208,256
72$31,133,997$19,881,862$17,357,467$27,178,150
73$34,257,908$20,804,317$17,887,186$29,324,542
74$37,698,828$21,770,342$18,433,020$31,664,395
75$41,489,041$22,782,021$18,995,458$34,216,355
76$45,664,120$23,841,537$19,575,003$37,000,921
77$50,263,269$24,951,180$20,172,174$40,040,633
78$55,329,684$26,113,351$20,787,504$43,360,278
79$60,910,971$27,330,563$21,421,544$46,987,114
80$67,059,585$28,605,456$22,074,861$50,951,123
81$73,833,331$29,940,792$22,748,038$55,285,284
82$81,295,911$31,339,471$23,441,677$60,025,878
83$89,517,518$32,804,530$24,156,397$65,212,820
84$98,575,507$34,339,153$24,892,838$70,890,025
85$108,555,117$35,946,680$25,651,657$77,105,818
86$119,550,282$37,630,610$26,433,530$83,913,376
87$131,664,513$39,394,613$27,239,156$91,371,221
88$145,011,880$41,242,535$28,069,254$99,543,761
89$159,718,082$43,178,410$28,924,564$108,501,887
90$175,921,638$45,206,464$29,805,850$118,323,630
91$193,775,196$47,331,131$30,713,896$129,094,887
92$213,446,967$49,557,057$31,649,512$140,910,215
93$235,122,320$51,889,115$32,613,533$153,873,713
94$259,005,527$54,332,413$33,606,817$168,099,987
95$285,321,694$56,892,305$34,630,249$183,715,223
96$314,318,885$59,574,406$35,684,741$200,858,355
97$346,270,463$62,384,603$36,771,231$219,682,365
98$381,477,669$65,329,067$37,890,686$240,355,709
99$420,272,470$68,414,271$39,044,103$263,063,888
100$463,020,690$71,646,998$40,232,508$288,011,182