Can I retire at age 64 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$966,175$957,569$949,172$940,977$932,974$920,172
2 years$478,304$469,397$460,763$452,393$444,274$431,398
3 years$315,702$306,756$298,144$289,852$281,865$269,317
4 years$234,417$225,498$216,973$208,822$201,029$188,904
5 years$185,659$176,793$168,380$160,396$152,819$141,153
6 years$153,164$144,365$136,076$128,270$120,920$109,727
7 years$129,962$121,237$113,080$105,458$98,341$87,624
8 years$112,569$103,923$95,901$88,466$81,583$71,342
9 years$99,048$90,484$82,599$75,353$68,705$58,935
10 years$88,237$79,757$72,012$64,955$58,540$49,233
11 years$79,398$71,003$63,398$56,530$50,346$41,494
12 years$72,038$63,728$56,264$49,585$43,629$35,222
13 years$65,814$57,592$50,268$43,776$38,045$30,071
14 years$60,484$52,349$45,166$38,859$33,350$25,797
15 years$55,870$47,822$40,779$34,656$29,364$22,219
16 years$51,835$43,876$36,972$31,030$25,952$19,202
17 years$48,280$40,408$33,643$27,881$23,011$16,641
18 years$45,122$37,339$30,712$25,126$20,460$14,457
19 years$42,301$34,605$28,115$22,704$18,237$12,585
20 years$39,765$32,157$25,803$20,562$16,289$10,975
21 years$37,473$29,953$23,734$18,662$14,577$9,586
22 years$35,392$27,960$21,874$16,968$13,066$8,384
23 years$33,495$26,150$20,197$15,453$11,729$7,341
24 years$31,759$24,501$18,679$14,094$10,542$6,434
25 years$30,164$22,993$17,300$12,871$9,487$5,644
26 years$28,695$21,610$16,045$11,769$8,545$4,954
27 years$27,336$20,337$14,899$10,772$7,704$4,352
28 years$26,077$19,164$13,851$9,870$6,952$3,825
29 years$24,906$18,079$12,889$9,051$6,277$3,364
30 years$23,816$17,074$12,006$8,306$5,672$2,959
31 years$22,798$16,140$11,193$7,629$5,128$2,605
32 years$21,846$15,272$10,443$7,011$4,638$2,293
33 years$20,953$14,463$9,751$6,447$4,198$2,019
34 years$20,114$13,707$9,111$5,932$3,801$1,779
35 years$19,326$13,001$8,518$5,461$3,442$1,567
36 years$18,582$12,340$7,968$5,029$3,119$1,381
37 years$17,881$11,720$7,458$4,634$2,827$1,218
38 years$17,218$11,138$6,984$4,271$2,563$1,073
39 years$16,590$10,592$6,543$3,938$2,324$946
40 years$15,996$10,077$6,133$3,632$2,108$835
41 years$15,432$9,592$5,751$3,351$1,912$736
42 years$14,896$9,135$5,395$3,093$1,735$649
43 years$14,386$8,704$5,062$2,855$1,575$573
44 years$13,901$8,297$4,752$2,636$1,430$505
45 years$13,439$7,912$4,462$2,435$1,298$446
46 years$12,998$7,548$4,190$2,249$1,178$393
47 years$12,578$7,203$3,937$2,078$1,070$347
48 years$12,176$6,876$3,700$1,920$972$306
49 years$11,791$6,566$3,477$1,774$883$270
50 years$11,423$6,272$3,269$1,640$802$238

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $11,700,000, adding $2,255 every year, while hoping to spend $33,783 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: 51/42/7 Blend
63$11,700,000$11,700,000$11,700,000$11,700,000
64$12,895,726$12,275,626$12,094,276$13,530,837
65$14,175,145$12,841,187$12,463,489$14,528,650
66$15,583,933$13,433,328$12,843,939$15,608,911
67$17,135,249$14,053,316$13,235,966$16,782,385
68$18,843,595$14,702,479$13,639,921$18,057,832
69$20,724,949$15,382,208$14,056,166$19,444,872
70$22,796,919$16,093,962$14,485,073$20,954,071
71$25,078,909$16,839,269$14,927,027$22,597,034
72$27,592,297$17,619,733$15,382,422$24,386,513
73$30,360,645$18,437,033$15,851,666$26,336,519
74$33,409,912$19,292,930$16,335,179$28,462,447
75$36,768,708$20,189,268$16,833,392$30,781,222
76$40,468,557$21,127,983$17,346,752$33,311,445
77$44,544,199$22,111,103$17,875,717$36,073,567
78$49,033,913$23,140,753$18,420,759$39,090,074
79$53,979,883$24,219,161$18,982,365$42,385,689
80$59,428,594$25,348,663$19,561,038$45,987,605
81$65,431,271$26,531,707$20,157,293$49,925,727
82$72,044,361$27,770,862$20,771,663$54,232,948
83$79,330,068$29,068,816$21,404,696$58,945,454
84$87,356,938$30,428,391$22,056,956$64,103,054
85$96,200,508$31,852,545$22,729,027$69,749,545
86$105,944,017$33,344,376$23,421,506$75,933,118
87$116,679,192$34,907,136$24,135,012$82,706,803
88$128,507,115$36,544,231$24,870,180$90,128,957
89$141,539,175$38,259,233$25,627,665$98,263,804
90$155,898,122$40,055,886$26,408,143$107,182,031
91$171,719,223$41,938,117$27,212,308$116,961,441
92$189,151,540$43,910,041$28,040,877$127,687,675
93$208,359,338$45,975,974$28,894,587$139,455,008
94$229,523,632$48,140,439$29,774,198$152,367,223
95$252,843,902$50,408,179$30,680,492$166,538,576
96$278,539,968$52,784,168$31,614,277$182,094,862
97$306,854,072$55,273,619$32,576,382$199,174,582
98$338,053,159$57,881,998$33,567,663$217,930,236
99$372,431,402$60,615,037$34,589,001$238,529,744
100$410,312,976$63,478,745$35,641,303$261,158,011