Can I retire at age 64 with 13,300,000?

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 $13,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,021,712
2 years$543,714$533,587$523,774$514,258$505,029$466,322
3 years$358,875$348,705$338,916$329,490$320,411$283,063
4 years$266,474$256,335$246,644$237,379$228,520$192,816
5 years$211,048$200,970$191,406$182,330$173,717$139,750
6 years$174,109$164,107$154,685$145,811$137,456$105,251
7 years$147,735$137,817$128,544$119,879$111,789$81,337
8 years$127,963$118,135$109,015$100,564$92,740$64,014
9 years$112,593$102,857$93,895$85,658$78,100$51,062
10 years$100,304$90,664$81,860$73,838$66,545$41,147
11 years$90,256$80,713$72,068$64,261$57,231$33,418
12 years$81,889$72,443$63,958$56,366$49,595$27,309
13 years$74,814$65,468$57,143$49,762$43,248$22,426
14 years$68,756$59,508$51,343$44,173$37,911$18,489
15 years$63,510$54,362$46,356$39,395$33,380$15,291
16 years$58,924$49,876$42,028$35,274$29,501$12,680
17 years$54,882$45,934$38,244$31,693$26,158$10,537
18 years$51,293$42,445$34,912$28,562$23,258$8,771
19 years$48,086$39,338$31,960$25,808$20,731$7,312
20 years$45,202$36,554$29,331$23,374$18,517$6,102
21 years$42,597$34,049$26,979$21,214$16,571$5,098
22 years$40,232$31,783$24,866$19,288$14,853$4,263
23 years$38,076$29,726$22,959$17,566$13,333$3,567
24 years$36,102$27,852$21,233$16,021$11,984$2,986
25 years$34,289$26,137$19,666$14,632$10,784$2,501
26 years$32,619$24,565$18,239$13,378$9,714$2,096
27 years$31,074$23,119$16,937$12,246$8,758$1,756
28 years$29,643$21,784$15,745$11,220$7,902$1,473
29 years$28,312$20,551$14,652$10,289$7,136$1,235
30 years$27,073$19,408$13,648$9,442$6,447$1,036
31 years$25,916$18,347$12,723$8,672$5,829$869
32 years$24,833$17,360$11,871$7,970$5,273$729
33 years$23,818$16,441$11,084$7,329$4,772$612
34 years$22,865$15,582$10,356$6,743$4,320$513
35 years$21,968$14,779$9,683$6,208$3,913$431
36 years$21,123$14,028$9,058$5,717$3,546$362
37 years$20,326$13,323$8,478$5,267$3,213$304
38 years$19,572$12,662$7,939$4,855$2,913$255
39 years$18,859$12,040$7,438$4,477$2,642$214
40 years$18,183$11,455$6,972$4,129$2,396$180
41 years$17,542$10,904$6,537$3,810$2,174$151
42 years$16,933$10,385$6,132$3,516$1,973$127
43 years$16,354$9,895$5,754$3,245$1,790$106
44 years$15,802$9,432$5,401$2,997$1,625$89
45 years$15,277$8,994$5,072$2,768$1,475$75
46 years$14,776$8,580$4,764$2,556$1,339$63
47 years$14,298$8,188$4,475$2,362$1,216$53
48 years$13,841$7,816$4,205$2,182$1,105$44
49 years$13,404$7,464$3,953$2,017$1,003$37
50 years$12,985$7,130$3,716$1,864$911$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $13,300,000, adding $6,184 every year, while hoping to spend $40,752 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: 67/12/21 Blend
63$13,300,000$13,300,000$13,300,000$13,300,000
64$14,662,979$13,958,079$13,751,929$15,567,438
65$16,115,243$14,598,665$14,169,259$16,814,957
66$17,714,272$15,269,274$14,599,203$18,173,424
67$19,474,993$15,971,334$15,042,142$19,658,058
68$21,413,855$16,706,341$15,498,466$21,281,276
69$23,548,981$17,475,865$15,968,578$23,056,745
70$25,900,344$18,281,550$16,452,892$24,999,509
71$28,489,951$19,125,118$16,951,836$27,126,126
72$31,342,053$20,008,375$17,465,850$29,454,824
73$34,483,373$20,933,216$17,995,385$32,005,670
74$37,943,356$21,901,623$18,540,910$34,800,758
75$41,754,452$22,915,676$19,102,905$37,864,411
76$45,952,418$23,977,555$19,681,863$41,223,412
77$50,576,655$25,089,546$20,278,296$44,907,251
78$55,670,582$26,254,042$20,892,727$48,948,402
79$61,282,046$27,473,555$21,525,698$53,382,626
80$67,463,771$28,750,715$22,177,765$58,249,302
81$74,273,856$30,088,281$22,849,501$63,591,800
82$81,776,327$31,489,145$23,541,497$69,457,885
83$90,041,736$32,956,336$24,254,361$75,900,162
84$99,147,830$34,493,034$24,988,719$82,976,570
85$109,180,283$36,102,567$25,745,216$90,750,926
86$120,233,507$37,788,427$26,524,515$99,293,521
87$132,411,540$39,554,276$27,327,302$108,681,780
88$145,829,030$41,403,948$28,154,279$119,000,989
89$160,612,317$43,341,467$29,006,173$130,345,093
90$176,900,624$45,371,049$29,883,730$142,817,580
91$194,847,372$47,497,116$30,787,720$156,532,450
92$214,621,630$49,724,300$31,718,934$171,615,287
93$236,409,706$52,057,461$32,678,189$188,204,442
94$260,416,911$54,501,691$33,666,323$206,452,326
95$286,869,494$57,062,332$34,684,203$226,526,848
96$316,016,777$59,744,981$35,732,718$248,612,991
97$348,133,511$62,555,507$36,812,787$272,914,552
98$383,522,466$65,500,065$37,925,353$299,656,059
99$422,517,295$68,585,105$39,071,389$329,084,884
100$465,485,675$71,817,391$40,251,896$361,473,568