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

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 $13,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,028,672
2 years$543,714$533,587$523,774$514,258$505,029$473,170
3 years$358,875$348,705$338,916$329,490$320,411$289,581
4 years$266,474$256,335$246,644$237,379$228,520$198,955
5 years$211,048$200,970$191,406$182,330$173,717$145,498
6 years$174,109$164,107$154,685$145,811$137,456$110,608
7 years$147,735$137,817$128,544$119,879$111,789$86,309
8 years$127,963$118,135$109,015$100,564$92,740$68,614
9 years$112,593$102,857$93,895$85,658$78,100$55,302
10 years$100,304$90,664$81,860$73,838$66,545$45,043
11 years$90,256$80,713$72,068$64,261$57,231$36,988
12 years$81,889$72,443$63,958$56,366$49,595$30,569
13 years$74,814$65,468$57,143$49,762$43,248$25,396
14 years$68,756$59,508$51,343$44,173$37,911$21,186
15 years$63,510$54,362$46,356$39,395$33,380$17,735
16 years$58,924$49,876$42,028$35,274$29,501$14,888
17 years$54,882$45,934$38,244$31,693$26,158$12,527
18 years$51,293$42,445$34,912$28,562$23,258$10,561
19 years$48,086$39,338$31,960$25,808$20,731$8,918
20 years$45,202$36,554$29,331$23,374$18,517$7,540
21 years$42,597$34,049$26,979$21,214$16,571$6,383
22 years$40,232$31,783$24,866$19,288$14,853$5,408
23 years$38,076$29,726$22,959$17,566$13,333$4,586
24 years$36,102$27,852$21,233$16,021$11,984$3,892
25 years$34,289$26,137$19,666$14,632$10,784$3,304
26 years$32,619$24,565$18,239$13,378$9,714$2,807
27 years$31,074$23,119$16,937$12,246$8,758$2,385
28 years$29,643$21,784$15,745$11,220$7,902$2,028
29 years$28,312$20,551$14,652$10,289$7,136$1,724
30 years$27,073$19,408$13,648$9,442$6,447$1,467
31 years$25,916$18,347$12,723$8,672$5,829$1,248
32 years$24,833$17,360$11,871$7,970$5,273$1,062
33 years$23,818$16,441$11,084$7,329$4,772$904
34 years$22,865$15,582$10,356$6,743$4,320$769
35 years$21,968$14,779$9,683$6,208$3,913$655
36 years$21,123$14,028$9,058$5,717$3,546$557
37 years$20,326$13,323$8,478$5,267$3,213$475
38 years$19,572$12,662$7,939$4,855$2,913$404
39 years$18,859$12,040$7,438$4,477$2,642$344
40 years$18,183$11,455$6,972$4,129$2,396$293
41 years$17,542$10,904$6,537$3,810$2,174$249
42 years$16,933$10,385$6,132$3,516$1,973$212
43 years$16,354$9,895$5,754$3,245$1,790$181
44 years$15,802$9,432$5,401$2,997$1,625$154
45 years$15,277$8,994$5,072$2,768$1,475$131
46 years$14,776$8,580$4,764$2,556$1,339$112
47 years$14,298$8,188$4,475$2,362$1,216$95
48 years$13,841$7,816$4,205$2,182$1,105$81
49 years$13,404$7,464$3,953$2,017$1,003$69
50 years$12,985$7,130$3,716$1,864$911$59

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 $2,432 every year, while hoping to spend $39,129 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: 45/45/10 Blend
63$13,300,000$13,300,000$13,300,000$13,300,000
64$14,659,109$13,954,209$13,748,059$15,277,219
65$16,112,705$14,596,332$14,166,986$16,347,615
66$17,713,256$15,268,608$14,598,635$17,503,381
67$19,475,711$15,972,472$15,043,392$18,755,704
68$21,416,541$16,709,431$15,501,654$20,113,504
69$23,553,897$17,481,061$15,973,827$21,586,568
70$25,907,778$18,289,017$16,460,334$23,185,639
71$28,500,223$19,135,031$16,961,607$24,922,510
72$31,355,518$20,020,920$17,478,093$26,810,126
73$34,500,424$20,948,588$18,010,253$28,862,705
74$37,964,430$21,920,031$18,558,558$31,095,863
75$41,780,030$22,937,341$19,123,499$33,526,750
76$45,983,034$24,002,711$19,705,576$36,174,213
77$50,612,899$25,118,440$20,305,309$39,058,956
78$55,713,107$26,286,936$20,923,229$42,203,736
79$61,331,575$27,510,726$21,559,888$45,633,563
80$67,521,101$28,792,458$22,215,850$49,375,928
81$74,339,871$30,134,906$22,891,698$53,461,057
82$81,852,001$31,540,979$23,588,034$57,922,179
83$90,128,147$33,013,729$24,305,474$62,795,837
84$99,246,167$34,556,351$25,044,658$68,122,217
85$109,291,862$36,172,198$25,806,239$73,945,515
86$120,359,779$37,864,783$26,590,895$80,314,348
87$132,554,108$39,637,789$27,399,322$87,282,193
88$145,989,664$41,495,078$28,232,236$94,907,885
89$160,792,971$43,440,697$29,090,377$103,256,154
90$177,103,454$45,478,891$29,974,505$112,398,224
91$195,074,758$47,614,110$30,885,403$122,412,468
92$214,876,199$49,851,016$31,823,879$133,385,135
93$236,694,357$52,194,501$32,790,764$145,411,145
94$260,734,841$54,649,692$33,786,915$158,594,969
95$287,224,231$57,221,963$34,813,213$173,051,596
96$316,412,214$59,916,951$35,870,567$188,907,600
97$348,573,941$62,740,562$36,959,912$206,302,315
98$384,012,626$65,698,993$38,082,212$225,389,128
99$423,062,408$68,798,737$39,238,460$246,336,908
100$466,091,502$72,046,605$40,429,678$269,331,572