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%19.7%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,019,287
2 years$543,714$533,587$523,774$514,258$505,029$463,945
3 years$358,875$348,705$338,916$329,490$320,411$280,810
4 years$266,474$256,335$246,644$237,379$228,520$190,703
5 years$211,048$200,970$191,406$182,330$173,717$137,782
6 years$174,109$164,107$154,685$145,811$137,456$103,426
7 years$147,735$137,817$128,544$119,879$111,789$79,653
8 years$127,963$118,135$109,015$100,564$92,740$62,465
9 years$112,593$102,857$93,895$85,658$78,100$49,643
10 years$100,304$90,664$81,860$73,838$66,545$39,852
11 years$90,256$80,713$72,068$64,261$57,231$32,240
12 years$81,889$72,443$63,958$56,366$49,595$26,241
13 years$74,814$65,468$57,143$49,762$43,248$21,460
14 years$68,756$59,508$51,343$44,173$37,911$17,619
15 years$63,510$54,362$46,356$39,395$33,380$14,509
16 years$58,924$49,876$42,028$35,274$29,501$11,979
17 years$54,882$45,934$38,244$31,693$26,158$9,910
18 years$51,293$42,445$34,912$28,562$23,258$8,213
19 years$48,086$39,338$31,960$25,808$20,731$6,815
20 years$45,202$36,554$29,331$23,374$18,517$5,662
21 years$42,597$34,049$26,979$21,214$16,571$4,708
22 years$40,232$31,783$24,866$19,288$14,853$3,918
23 years$38,076$29,726$22,959$17,566$13,333$3,263
24 years$36,102$27,852$21,233$16,021$11,984$2,719
25 years$34,289$26,137$19,666$14,632$10,784$2,266
26 years$32,619$24,565$18,239$13,378$9,714$1,890
27 years$31,074$23,119$16,937$12,246$8,758$1,576
28 years$29,643$21,784$15,745$11,220$7,902$1,315
29 years$28,312$20,551$14,652$10,289$7,136$1,097
30 years$27,073$19,408$13,648$9,442$6,447$916
31 years$25,916$18,347$12,723$8,672$5,829$765
32 years$24,833$17,360$11,871$7,970$5,273$638
33 years$23,818$16,441$11,084$7,329$4,772$533
34 years$22,865$15,582$10,356$6,743$4,320$445
35 years$21,968$14,779$9,683$6,208$3,913$372
36 years$21,123$14,028$9,058$5,717$3,546$310
37 years$20,326$13,323$8,478$5,267$3,213$259
38 years$19,572$12,662$7,939$4,855$2,913$217
39 years$18,859$12,040$7,438$4,477$2,642$181
40 years$18,183$11,455$6,972$4,129$2,396$151
41 years$17,542$10,904$6,537$3,810$2,174$126
42 years$16,933$10,385$6,132$3,516$1,973$105
43 years$16,354$9,895$5,754$3,245$1,790$88
44 years$15,802$9,432$5,401$2,997$1,625$74
45 years$15,277$8,994$5,072$2,768$1,475$61
46 years$14,776$8,580$4,764$2,556$1,339$51
47 years$14,298$8,188$4,475$2,362$1,216$43
48 years$13,841$7,816$4,205$2,182$1,105$36
49 years$13,404$7,464$3,953$2,017$1,003$30
50 years$12,985$7,130$3,716$1,864$911$25

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 $6,762 every year, while hoping to spend $42,754 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: 29/49/22 Blend
63$13,300,000$13,300,000$13,300,000$13,300,000
64$14,663,575$13,958,675$13,752,525$14,987,570
65$16,113,770$14,597,160$14,167,745$15,876,818
66$17,710,451$15,265,498$14,595,441$16,827,951
67$19,468,516$15,965,107$15,035,988$17,849,656
68$21,404,380$16,697,471$15,489,768$18,948,031
69$23,536,128$17,464,149$15,957,177$20,129,746
70$25,883,693$18,266,772$16,438,622$21,402,102
71$28,469,036$19,107,050$16,934,522$22,773,092
72$31,316,358$19,986,776$17,445,309$24,251,470
73$34,452,326$20,907,828$17,971,426$25,846,824
74$37,906,327$21,872,175$18,513,333$27,569,663
75$41,710,741$22,881,881$19,071,498$29,431,502
76$45,901,252$23,939,108$19,646,409$31,444,968
77$50,517,180$25,046,124$20,238,563$33,623,904
78$55,601,853$26,205,305$20,848,476$35,983,497
79$61,203,018$27,419,141$21,476,676$38,540,406
80$67,373,290$28,690,243$22,123,709$41,312,911
81$74,170,648$30,021,347$22,790,135$44,321,076
82$81,658,983$31,415,322$23,476,534$47,586,925
83$89,908,700$32,875,174$24,183,498$51,134,639
84$98,997,384$34,404,054$24,911,643$54,990,771
85$109,010,531$36,005,267$25,661,596$59,184,486
86$120,042,354$37,682,274$26,434,009$63,747,821
87$132,196,675$39,438,706$27,229,549$68,715,972
88$145,587,902$41,278,369$28,048,905$74,127,615
89$160,342,110$43,205,250$28,892,785$80,025,252
90$176,598,230$45,223,533$29,761,918$86,455,599
91$194,509,363$47,337,600$30,657,057$93,470,008
92$214,244,223$49,552,047$31,578,972$101,124,934
93$235,988,728$51,871,691$32,528,462$109,482,450
94$259,947,757$54,301,583$33,506,344$118,610,815
95$286,347,085$56,847,017$34,513,464$128,585,094
96$315,435,511$59,513,544$35,550,688$139,487,850
97$347,487,209$62,306,984$36,618,912$151,409,898
98$382,804,314$65,233,436$37,719,055$164,451,140
99$421,719,776$68,299,297$38,852,066$178,721,482
100$464,600,502$71,511,271$40,018,919$194,341,849