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%20%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,010,425
2 years$539,626$529,576$519,835$510,392$501,232$459,284
3 years$356,177$346,083$336,368$327,013$318,002$277,589
4 years$264,470$254,408$244,790$235,594$226,802$188,231
5 years$209,461$199,459$189,967$180,959$172,411$135,781
6 years$172,800$162,873$153,521$144,714$136,423$101,756
7 years$146,624$136,781$127,577$118,978$110,948$78,231
8 years$127,001$117,246$108,195$99,807$92,042$61,241
9 years$111,746$102,084$93,189$85,014$77,513$48,581
10 years$99,550$89,982$81,244$73,283$66,045$38,924
11 years$89,578$80,106$71,526$63,778$56,801$31,428
12 years$81,273$71,899$63,477$55,942$49,222$25,528
13 years$74,252$64,975$56,713$49,388$42,923$20,835
14 years$68,239$59,061$50,957$43,841$37,626$17,069
15 years$63,032$53,953$46,007$39,099$33,129$14,027
16 years$58,481$49,501$41,712$35,009$29,279$11,555
17 years$54,469$45,589$37,956$31,455$25,961$9,539
18 years$50,907$42,126$34,649$28,347$23,083$7,887
19 years$47,724$39,042$31,720$25,614$20,575$6,530
20 years$44,863$36,280$29,111$23,199$18,378$5,412
21 years$42,277$33,793$26,776$21,054$16,446$4,490
22 years$39,930$31,544$24,679$19,143$14,742$3,728
23 years$37,790$29,503$22,786$17,434$13,233$3,097
24 years$35,831$27,642$21,073$15,901$11,894$2,574
25 years$34,032$25,941$19,518$14,522$10,703$2,141
26 years$32,373$24,380$18,102$13,278$9,641$1,781
27 years$30,841$22,945$16,809$12,153$8,692$1,482
28 years$29,420$21,621$15,627$11,135$7,843$1,233
29 years$28,100$20,397$14,542$10,211$7,082$1,027
30 years$26,869$19,262$13,545$9,371$6,399$855
31 years$25,721$18,209$12,628$8,607$5,785$712
32 years$24,647$17,230$11,782$7,910$5,233$593
33 years$23,639$16,317$11,001$7,274$4,736$494
34 years$22,693$15,465$10,279$6,693$4,288$411
35 years$21,803$14,668$9,610$6,161$3,884$343
36 years$20,965$13,922$8,990$5,674$3,519$286
37 years$20,173$13,223$8,414$5,228$3,189$238
38 years$19,425$12,566$7,880$4,819$2,891$198
39 years$18,717$11,949$7,382$4,443$2,622$165
40 years$18,046$11,369$6,919$4,098$2,378$138
41 years$17,410$10,822$6,488$3,781$2,158$115
42 years$16,806$10,307$6,086$3,489$1,958$96
43 years$16,231$9,820$5,711$3,221$1,777$80
44 years$15,683$9,361$5,361$2,974$1,613$66
45 years$15,162$8,926$5,034$2,747$1,464$55
46 years$14,665$8,515$4,728$2,537$1,329$46
47 years$14,190$8,126$4,442$2,344$1,207$38
48 years$13,737$7,757$4,174$2,166$1,096$32
49 years$13,303$7,408$3,923$2,002$996$27
50 years$12,888$7,076$3,688$1,850$904$22

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 $2,603 every year, while hoping to spend $49,592 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: 53/27/20 Blend
63$13,200,000$13,200,000$13,200,000$13,200,000
64$14,549,085$13,849,485$13,644,885$15,240,327
65$15,980,326$14,475,344$14,049,223$16,341,200
66$17,555,892$15,130,209$14,465,444$17,533,058
67$19,290,451$15,815,447$14,893,895$18,828,912
68$21,200,166$16,532,493$15,334,930$20,238,682
69$23,302,848$17,282,850$15,788,915$21,773,272
70$25,618,122$18,068,094$16,256,227$23,444,668
71$28,167,614$18,889,873$16,737,254$25,266,048
72$30,975,151$19,749,917$17,232,392$27,251,902
73$34,066,992$20,650,039$17,742,053$29,418,164
74$37,472,070$21,592,136$18,266,657$31,782,357
75$41,222,269$22,578,199$18,806,638$34,363,758
76$45,352,723$23,610,312$19,362,442$37,183,568
77$49,902,144$24,690,661$19,934,528$40,265,113
78$54,913,195$25,821,536$20,523,367$43,634,057
79$60,432,885$27,005,336$21,129,444$47,318,635
80$66,513,019$28,244,576$21,753,259$51,349,920
81$73,210,679$29,541,892$22,395,326$55,762,106
82$80,588,770$30,900,047$23,056,171$60,592,823
83$88,716,611$32,321,936$23,736,339$65,883,490
84$97,670,586$33,810,592$24,436,388$71,679,696
85$107,534,871$35,369,196$25,156,892$78,031,624
86$118,402,223$37,001,081$25,898,442$84,994,515
87$130,374,856$38,709,741$26,661,647$92,629,185
88$143,565,410$40,498,836$27,447,130$101,002,588
89$158,098,008$42,372,205$28,255,535$110,188,440
90$174,109,432$44,333,871$29,087,523$120,267,905
91$191,750,412$46,388,049$29,943,773$131,330,355
92$211,187,050$48,539,159$30,824,985$143,474,198
93$232,602,384$50,791,833$31,731,878$156,807,803
94$256,198,122$53,150,928$32,665,191$171,450,504
95$282,196,540$55,621,532$33,625,683$187,533,726
96$310,842,581$58,208,982$34,614,138$205,202,201
97$342,406,172$60,918,869$35,631,359$224,615,335
98$377,184,765$63,757,057$36,678,173$245,948,688
99$415,506,149$66,729,691$37,755,430$269,395,626
100$457,731,543$69,843,213$38,864,003$295,169,127