Can I retire at age 64 with 11,100,000?

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$916,628$908,463$900,497$892,722$885,130$881,029
2 years$453,776$445,325$437,134$429,193$421,490$417,352
3 years$299,512$291,025$282,855$274,988$267,411$263,362
4 years$222,396$213,934$205,846$198,114$190,720$186,791
5 years$176,138$167,727$159,745$152,170$144,982$141,186
6 years$145,309$136,962$129,098$121,692$114,719$111,061
7 years$123,297$115,020$107,281$100,049$93,298$89,778
8 years$106,796$98,593$90,983$83,929$77,399$74,019
9 years$93,968$85,843$78,363$71,489$65,181$61,940
10 years$83,712$75,667$68,319$61,624$55,538$52,434
11 years$75,327$67,362$60,147$53,631$47,764$44,795
12 years$68,343$60,460$53,379$47,042$41,392$38,555
13 years$62,439$54,638$47,690$41,531$36,094$33,388
14 years$57,383$49,665$42,850$36,867$31,640$29,061
15 years$53,004$45,370$38,688$32,879$27,858$25,403
16 years$49,177$41,626$35,076$29,439$24,621$22,287
17 years$45,804$38,336$31,918$26,451$21,831$19,614
18 years$42,808$35,424$29,137$23,838$19,411$17,307
19 years$40,132$32,831$26,673$21,539$17,302$15,307
20 years$37,725$30,508$24,480$19,508$15,454$13,566
21 years$35,551$28,417$22,517$17,705$13,830$12,044
22 years$33,577$26,526$20,752$16,098$12,396$10,709
23 years$31,778$24,809$19,161$14,660$11,128$9,534
24 years$30,131$23,245$17,721$13,371$10,002$8,499
25 years$28,618$21,814$16,413$12,211$9,000$7,584
26 years$27,223$20,502$15,222$11,165$8,107$6,774
27 years$25,934$19,294$14,135$10,220$7,309$6,055
28 years$24,739$18,181$13,141$9,364$6,595$5,417
29 years$23,629$17,152$12,228$8,587$5,955$4,849
30 years$22,595$16,198$11,390$7,880$5,381$4,343
31 years$21,629$15,312$10,619$7,238$4,865$3,892
32 years$20,726$14,489$9,908$6,652$4,401$3,489
33 years$19,878$13,721$9,251$6,117$3,983$3,129
34 years$19,083$13,004$8,643$5,628$3,606$2,808
35 years$18,335$12,334$8,081$5,181$3,266$2,520
36 years$17,629$11,707$7,560$4,771$2,959$2,262
37 years$16,964$11,119$7,076$4,396$2,682$2,032
38 years$16,335$10,567$6,626$4,052$2,431$1,825
39 years$15,740$10,048$6,208$3,736$2,205$1,639
40 years$15,175$9,560$5,819$3,446$2,000$1,473
41 years$14,640$9,100$5,456$3,179$1,814$1,324
42 years$14,132$8,667$5,118$2,934$1,646$1,190
43 years$13,649$8,258$4,802$2,709$1,494$1,070
44 years$13,188$7,871$4,508$2,501$1,356$962
45 years$12,750$7,506$4,233$2,310$1,231$865
46 years$12,332$7,161$3,976$2,134$1,118$778
47 years$11,933$6,833$3,735$1,971$1,015$700
48 years$11,551$6,523$3,510$1,821$922$629
49 years$11,186$6,229$3,299$1,683$837$566
50 years$10,837$5,951$3,102$1,556$760$509

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $11,100,000, adding $3,406 every year, while hoping to spend $37,662 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: 71/11/18 Blend
63$11,100,000$11,100,000$11,100,000$11,100,000
64$12,235,713$11,647,413$11,475,363$13,051,929
65$13,443,684$12,178,064$11,819,716$14,126,015
66$14,773,605$12,733,455$12,174,342$15,296,736
67$16,237,877$13,314,758$12,539,546$16,577,536
68$17,850,161$13,923,202$12,915,641$17,979,305
69$19,625,512$14,560,074$13,302,951$19,514,032
70$21,580,521$15,226,724$13,701,806$21,194,913
71$23,733,466$15,924,566$14,112,548$23,036,478
72$26,104,492$16,655,081$14,535,531$25,054,725
73$28,715,793$17,419,824$14,971,114$27,267,267
74$31,591,830$18,220,421$15,419,672$29,693,497
75$34,759,554$19,058,578$15,881,589$32,354,772
76$38,248,664$19,936,084$16,357,258$35,274,611
77$42,091,888$20,854,813$16,847,086$38,478,910
78$46,325,289$21,816,728$17,351,492$41,996,191
79$50,988,609$22,823,887$17,870,907$45,857,867
80$56,125,638$23,878,449$18,405,774$50,098,532
81$61,784,634$24,982,674$18,956,548$54,756,289
82$68,018,775$26,138,933$19,523,701$59,873,108
83$74,886,659$27,349,710$20,107,714$65,495,213
84$82,452,862$28,617,609$20,709,086$71,673,522
85$90,788,542$29,945,360$21,328,328$78,464,122
86$99,972,114$31,335,824$21,965,968$85,928,795
87$110,089,989$32,791,999$22,622,548$94,135,598
88$121,237,391$34,317,029$23,298,626$103,159,501
89$133,519,251$35,914,210$23,994,776$113,083,093
90$147,051,204$37,586,996$24,711,590$123,997,359
91$161,960,675$39,339,007$25,449,677$136,002,528
92$178,388,085$41,174,040$26,209,662$149,209,023
93$196,488,175$43,096,073$26,992,191$163,738,497
94$216,431,466$45,109,277$27,797,927$179,724,974
95$238,405,870$47,218,026$28,627,551$197,316,111
96$262,618,462$49,426,903$29,481,768$216,674,587
97$289,297,437$51,740,713$30,361,299$237,979,638
98$318,694,262$54,164,495$31,266,889$261,428,735
99$351,086,051$56,703,529$32,199,304$287,239,449
100$386,778,179$59,363,353$33,159,332$315,651,498