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%11.3%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,046,831
2 years$539,626$529,576$519,835$510,392$501,232$495,424
3 years$356,177$346,083$336,368$327,013$318,002$312,322
4 years$264,470$254,408$244,790$235,594$226,802$221,293
5 years$209,461$199,459$189,967$180,959$172,411$167,090
6 years$172,800$162,873$153,521$144,714$136,423$131,297
7 years$146,624$136,781$127,577$118,978$110,948$106,019
8 years$127,001$117,246$108,195$99,807$92,042$87,311
9 years$111,746$102,084$93,189$85,014$77,513$72,977
10 years$99,550$89,982$81,244$73,283$66,045$61,703
11 years$89,578$80,106$71,526$63,778$56,801$52,651
12 years$81,273$71,899$63,477$55,942$49,222$45,260
13 years$74,252$64,975$56,713$49,388$42,923$39,144
14 years$68,239$59,061$50,957$43,841$37,626$34,027
15 years$63,032$53,953$46,007$39,099$33,129$29,705
16 years$58,481$49,501$41,712$35,009$29,279$26,025
17 years$54,469$45,589$37,956$31,455$25,961$22,872
18 years$50,907$42,126$34,649$28,347$23,083$20,154
19 years$47,724$39,042$31,720$25,614$20,575$17,800
20 years$44,863$36,280$29,111$23,199$18,378$15,752
21 years$42,277$33,793$26,776$21,054$16,446$13,964
22 years$39,930$31,544$24,679$19,143$14,742$12,398
23 years$37,790$29,503$22,786$17,434$13,233$11,022
24 years$35,831$27,642$21,073$15,901$11,894$9,810
25 years$34,032$25,941$19,518$14,522$10,703$8,740
26 years$32,373$24,380$18,102$13,278$9,641$7,795
27 years$30,841$22,945$16,809$12,153$8,692$6,957
28 years$29,420$21,621$15,627$11,135$7,843$6,213
29 years$28,100$20,397$14,542$10,211$7,082$5,553
30 years$26,869$19,262$13,545$9,371$6,399$4,965
31 years$25,721$18,209$12,628$8,607$5,785$4,442
32 years$24,647$17,230$11,782$7,910$5,233$3,976
33 years$23,639$16,317$11,001$7,274$4,736$3,560
34 years$22,693$15,465$10,279$6,693$4,288$3,189
35 years$21,803$14,668$9,610$6,161$3,884$2,858
36 years$20,965$13,922$8,990$5,674$3,519$2,561
37 years$20,173$13,223$8,414$5,228$3,189$2,296
38 years$19,425$12,566$7,880$4,819$2,891$2,059
39 years$18,717$11,949$7,382$4,443$2,622$1,847
40 years$18,046$11,369$6,919$4,098$2,378$1,656
41 years$17,410$10,822$6,488$3,781$2,158$1,486
42 years$16,806$10,307$6,086$3,489$1,958$1,334
43 years$16,231$9,820$5,711$3,221$1,777$1,197
44 years$15,683$9,361$5,361$2,974$1,613$1,074
45 years$15,162$8,926$5,034$2,747$1,464$964
46 years$14,665$8,515$4,728$2,537$1,329$866
47 years$14,190$8,126$4,442$2,344$1,207$777
48 years$13,737$7,757$4,174$2,166$1,096$698
49 years$13,303$7,408$3,923$2,002$996$627
50 years$12,888$7,076$3,688$1,850$904$563

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 $6,481 every year, while hoping to spend $51,136 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: 60/32/8 Blend
63$13,200,000$13,200,000$13,200,000$13,200,000
64$14,553,085$13,853,485$13,648,885$15,400,796
65$15,983,092$14,477,898$14,051,714$16,594,085
66$17,557,245$15,131,192$14,466,325$17,888,630
67$19,290,194$15,814,731$14,893,057$19,299,329
68$21,198,080$16,529,939$15,332,260$20,837,362
69$23,298,689$17,278,312$15,784,297$22,515,023
70$25,611,621$18,061,414$16,249,536$24,345,826
71$28,158,470$18,880,887$16,728,359$26,344,632
72$30,963,034$19,738,450$17,221,159$28,527,785
73$34,051,533$20,635,904$17,728,338$30,913,261
74$37,452,863$21,575,137$18,250,311$33,520,833
75$41,198,863$22,558,127$18,787,504$36,372,254
76$45,324,618$23,586,946$19,340,356$39,491,453
77$49,868,789$24,663,767$19,909,318$42,904,760
78$54,873,980$25,790,865$20,494,854$46,641,146
79$60,387,134$26,970,626$21,097,440$50,732,491
80$66,459,985$28,205,549$21,717,567$55,213,882
81$73,149,537$29,498,255$22,355,740$60,123,931
82$80,518,609$30,851,489$23,012,476$65,505,137
83$88,636,422$32,268,127$23,688,309$71,404,281
84$97,579,257$33,751,185$24,383,787$77,872,857
85$107,431,172$35,303,823$25,099,475$84,967,552
86$118,284,795$36,929,354$25,835,951$92,750,771
87$130,242,200$38,631,249$26,593,811$101,291,221
88$143,415,870$40,413,146$27,373,670$110,664,547
89$157,929,757$42,278,858$28,176,156$120,954,039
90$173,920,452$44,232,382$29,001,917$132,251,407
91$191,538,477$46,277,908$29,851,620$144,657,636
92$210,949,702$48,419,826$30,725,950$158,283,932
93$232,336,912$50,662,738$31,625,610$173,252,755
94$255,901,534$53,011,468$32,551,324$189,698,968
95$281,865,534$55,471,074$33,503,837$207,771,094
96$310,473,516$58,046,854$34,483,913$227,632,708
97$341,995,030$60,744,365$35,492,340$249,463,967
98$376,727,115$63,569,431$36,529,925$273,463,295
99$414,997,103$66,528,155$37,597,500$299,849,242
100$457,165,710$69,626,938$38,695,918$328,862,533