Can I retire at age 64 with 11,200,000?

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 $11,200,000?

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$924,886$916,647$908,609$900,764$893,104$860,389
2 years$457,864$449,337$441,073$433,060$425,287$392,693
3 years$302,211$293,647$285,403$277,466$269,820$238,369
4 years$224,399$215,861$207,700$199,898$192,438$162,372
5 years$177,725$169,238$161,184$153,541$146,288$117,685
6 years$146,618$138,195$130,261$122,788$115,753$88,633
7 years$124,408$116,056$108,247$100,951$94,138$68,494
8 years$107,758$99,482$91,802$84,685$78,097$53,907
9 years$94,815$86,617$79,069$72,133$65,769$43,000
10 years$84,467$76,348$68,934$62,179$56,038$34,650
11 years$76,005$67,969$60,689$54,115$48,195$28,141
12 years$68,959$61,005$53,860$47,466$41,764$22,997
13 years$63,002$55,131$48,120$41,905$36,419$18,885
14 years$57,900$50,112$43,236$37,199$31,925$15,570
15 years$53,482$45,778$39,036$33,175$28,109$12,877
16 years$49,620$42,001$35,392$29,704$24,843$10,678
17 years$46,216$38,681$32,205$26,689$22,028$8,873
18 years$43,194$35,743$29,399$24,052$19,586$7,386
19 years$40,493$33,126$26,914$21,733$17,457$6,157
20 years$38,065$30,783$24,700$19,684$15,593$5,139
21 years$35,871$28,673$22,719$17,864$13,954$4,293
22 years$33,880$26,765$20,939$16,243$12,508$3,590
23 years$32,064$25,033$19,334$14,793$11,228$3,003
24 years$30,402$23,454$17,881$13,492$10,092$2,514
25 years$28,875$22,010$16,561$12,321$9,081$2,106
26 years$27,468$20,686$15,359$11,266$8,180$1,765
27 years$26,168$19,468$14,263$10,312$7,375$1,479
28 years$24,962$18,345$13,259$9,448$6,655$1,240
29 years$23,842$17,306$12,339$8,664$6,009$1,040
30 years$22,798$16,344$11,493$7,951$5,429$872
31 years$21,824$15,450$10,715$7,303$4,909$732
32 years$20,912$14,619$9,997$6,711$4,440$614
33 years$20,058$13,845$9,334$6,172$4,018$515
34 years$19,255$13,122$8,721$5,679$3,638$432
35 years$18,500$12,446$8,154$5,227$3,295$363
36 years$17,788$11,813$7,628$4,814$2,986$305
37 years$17,117$11,219$7,139$4,436$2,706$256
38 years$16,482$10,662$6,686$4,089$2,453$215
39 years$15,881$10,139$6,264$3,770$2,225$180
40 years$15,312$9,646$5,871$3,477$2,018$151
41 years$14,772$9,182$5,505$3,208$1,831$127
42 years$14,259$8,745$5,164$2,961$1,661$107
43 years$13,771$8,332$4,846$2,733$1,508$89
44 years$13,307$7,942$4,549$2,524$1,368$75
45 years$12,865$7,574$4,271$2,331$1,242$63
46 years$12,443$7,225$4,011$2,153$1,128$53
47 years$12,040$6,895$3,769$1,989$1,024$44
48 years$11,655$6,582$3,541$1,838$930$37
49 years$11,287$6,286$3,329$1,698$845$31
50 years$10,935$6,004$3,130$1,570$767$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $11,200,000, adding $4,029 every year, while hoping to spend $55,764 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: 48/42/10 Blend
63$11,200,000$11,200,000$11,200,000$11,200,000
64$12,346,556$11,752,956$11,579,356$12,905,375
65$13,546,572$12,269,518$11,907,932$13,806,309
66$14,867,121$12,809,523$12,245,646$14,777,781
67$16,320,438$13,374,061$12,592,746$15,831,264
68$17,920,005$13,964,272$12,949,485$16,974,420
69$19,680,676$14,581,352$13,316,124$18,215,660
70$21,618,821$15,226,553$13,692,929$19,564,221
71$23,752,473$15,901,187$14,080,175$21,030,248
72$26,101,506$16,606,627$14,478,142$22,624,890
73$28,687,819$17,344,311$14,887,119$24,360,392
74$31,535,541$18,115,746$15,307,402$26,250,212
75$34,671,259$18,922,511$15,739,293$28,309,142
76$38,124,273$19,766,258$16,183,104$30,553,440
77$41,926,864$20,648,721$16,639,154$33,000,979
78$46,114,609$21,571,712$17,107,770$35,671,409
79$50,726,706$22,537,133$17,589,287$38,586,338
80$55,806,352$23,546,975$18,084,050$41,769,527
81$61,401,146$24,603,323$18,592,412$45,247,111
82$67,563,539$25,708,362$19,114,734$49,047,834
83$74,351,329$26,864,381$19,651,387$53,203,317
84$81,828,208$28,073,779$20,202,751$57,748,345
85$90,064,359$29,339,068$20,769,218$62,721,191
86$99,137,123$30,662,882$21,351,186$68,163,965
87$109,131,724$32,047,977$21,949,065$74,123,006
88$120,142,076$33,497,244$22,563,275$80,649,309
89$132,271,670$35,013,712$23,194,247$87,798,993
90$145,634,549$36,600,552$23,842,422$95,633,827
91$160,356,383$38,261,089$24,508,253$104,221,797
92$176,575,658$39,998,806$25,192,204$113,637,740
93$194,444,981$41,817,354$25,894,749$123,964,035
94$214,132,521$43,720,556$26,616,375$135,291,374
95$235,823,596$45,712,421$27,357,581$147,719,600
96$259,722,422$47,797,149$28,118,879$161,358,638
97$286,054,040$49,979,140$28,900,793$176,329,519
98$315,066,441$52,263,006$29,703,858$192,765,508
99$347,032,905$54,653,581$30,528,625$210,813,348
100$382,254,584$57,155,930$31,375,656$230,634,624