Can I retire at age 64 with 11,000,000?

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 $11,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$908,370$900,278$892,384$884,679$877,155$857,693
2 years$449,688$441,313$433,196$425,327$417,693$398,186
3 years$296,814$288,403$280,307$272,511$265,002$246,059
4 years$220,392$212,007$203,991$196,329$189,001$170,770
5 years$174,551$166,216$158,306$150,799$143,676$126,206
6 years$144,000$135,728$127,935$120,595$113,686$96,996
7 years$122,187$113,984$106,314$99,148$92,457$76,550
8 years$105,834$97,705$90,163$83,173$76,702$61,573
9 years$93,122$85,070$77,657$70,845$64,594$50,231
10 years$82,958$74,985$67,703$61,069$55,037$41,425
11 years$74,648$66,755$59,605$53,148$47,334$34,455
12 years$67,728$59,915$52,898$46,618$41,019$28,853
13 years$61,877$54,146$47,261$41,157$35,769$24,294
14 years$56,866$49,217$42,464$36,534$31,355$20,548
15 years$52,527$44,961$38,339$32,582$27,607$17,444
16 years$48,734$41,251$34,760$29,174$24,400$14,854
17 years$45,391$37,990$31,630$26,213$21,634$12,681
18 years$42,423$35,105$28,874$23,623$19,236$10,850
19 years$39,770$32,535$26,433$21,345$17,146$9,300
20 years$37,386$30,233$24,259$19,332$15,315$7,984
21 years$35,231$28,161$22,314$17,545$13,705$6,863
22 years$33,275$26,287$20,566$15,953$12,285$5,906
23 years$31,491$24,586$18,989$14,528$11,027$5,088
24 years$29,859$23,035$17,561$13,251$9,912$4,386
25 years$28,360$21,617$16,265$12,101$8,919$3,784
26 years$26,978$20,317$15,085$11,065$8,034$3,267
27 years$25,701$19,121$14,008$10,128$7,243$2,821
28 years$24,517$18,017$13,022$9,279$6,536$2,438
29 years$23,416$16,997$12,118$8,509$5,902$2,107
30 years$22,391$16,052$11,288$7,809$5,332$1,822
31 years$21,434$15,175$10,523$7,172$4,821$1,576
32 years$20,539$14,358$9,818$6,592$4,361$1,364
33 years$19,699$13,597$9,167$6,061$3,947$1,180
34 years$18,911$12,887$8,565$5,577$3,573$1,021
35 years$18,169$12,223$8,008$5,134$3,236$884
36 years$17,471$11,602$7,491$4,728$2,932$766
37 years$16,811$11,019$7,012$4,357$2,658$663
38 years$16,188$10,472$6,566$4,016$2,409$574
39 years$15,598$9,958$6,152$3,702$2,185$497
40 years$15,039$9,474$5,766$3,415$1,982$431
41 years$14,508$9,018$5,407$3,151$1,798$373
42 years$14,005$8,589$5,072$2,908$1,632$323
43 years$13,526$8,183$4,759$2,684$1,481$280
44 years$13,070$7,801$4,467$2,478$1,344$242
45 years$12,635$7,439$4,195$2,289$1,220$210
46 years$12,221$7,096$3,940$2,114$1,108$182
47 years$11,825$6,772$3,701$1,953$1,006$158
48 years$11,447$6,465$3,478$1,805$914$137
49 years$11,086$6,173$3,269$1,668$830$118
50 years$10,740$5,897$3,074$1,542$754$103

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $11,000,000, adding $6,335 every year, while hoping to spend $49,664 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: 42/35/23 Blend
63$11,000,000$11,000,000$11,000,000$11,000,000
64$12,128,535$11,545,535$11,375,035$12,555,974
65$13,312,803$12,058,424$11,703,256$13,374,448
66$14,616,202$12,594,780$12,040,809$14,254,987
67$16,050,831$13,155,700$12,387,952$15,207,566
68$17,630,021$13,742,335$12,744,954$16,238,843
69$19,368,462$14,355,888$13,112,088$17,356,122
70$21,282,339$14,997,621$13,489,637$18,567,426
71$23,389,488$15,668,854$13,877,891$19,881,564
72$25,709,562$16,370,974$14,277,145$21,308,210
73$28,264,214$17,105,429$14,687,707$22,857,993
74$31,077,308$17,873,739$15,109,889$24,542,590
75$34,175,137$18,677,496$15,544,014$26,374,831
76$37,586,675$19,518,367$15,990,413$28,368,818
77$41,343,849$20,398,099$16,449,424$30,540,049
78$45,481,839$21,318,524$16,921,397$32,905,565
79$50,039,413$22,281,558$17,406,691$35,484,095
80$55,059,290$23,289,211$17,905,672$38,296,239
81$60,588,544$24,343,589$18,418,718$41,364,647
82$66,679,047$25,446,897$18,946,217$44,714,230
83$73,387,963$26,601,447$19,488,568$48,372,387
84$80,778,278$27,809,662$20,046,178$52,369,261
85$88,919,405$29,074,078$20,619,468$56,738,007
86$97,887,832$30,397,355$21,208,868$61,515,108
87$107,767,846$31,782,280$21,814,820$66,740,703
88$118,652,328$33,231,774$22,437,778$72,458,961
89$130,643,630$34,748,896$23,078,208$78,718,491
90$143,854,542$36,336,853$23,736,589$85,572,785
91$158,409,352$37,999,005$24,413,412$93,080,721
92$174,445,024$39,738,875$25,109,180$101,307,105
93$192,112,490$41,560,153$25,824,410$110,323,271
94$211,578,070$43,466,707$26,559,635$120,207,746
95$233,025,048$45,462,590$27,315,397$131,046,980
96$256,655,397$47,552,051$28,092,257$142,936,145
97$282,691,688$49,739,543$28,890,788$155,980,029
98$311,379,190$52,029,730$29,711,580$170,294,005
99$342,988,186$54,427,505$30,555,236$186,005,111
100$377,816,521$56,937,993$31,422,376$203,253,230