Can I retire at age 64 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$999,207$990,306$981,623$973,147$964,871$941,164
2 years$494,657$485,444$476,516$467,859$459,462$435,724
3 years$326,495$317,243$308,337$299,762$291,502$268,474
4 years$242,431$233,207$224,391$215,962$207,902$185,762
5 years$192,006$182,837$174,136$165,879$158,043$136,854
6 years$158,400$149,300$140,728$132,655$125,054$104,836
7 years$134,405$125,382$116,946$109,063$101,703$82,458
8 years$116,417$107,476$99,179$91,490$84,372$66,093
9 years$102,434$93,577$85,423$77,929$71,054$53,724
10 years$91,254$82,484$74,474$67,176$60,541$44,142
11 years$82,113$73,430$65,565$58,463$52,067$36,574
12 years$74,500$65,907$58,188$51,280$45,121$30,508
13 years$68,064$59,561$51,987$45,273$39,346$25,585
14 years$62,552$54,139$46,710$40,188$34,490$21,551
15 years$57,780$49,457$42,173$35,841$30,368$18,219
16 years$53,608$45,376$38,236$32,091$26,839$15,448
17 years$49,930$41,789$34,793$28,834$23,798$13,131
18 years$46,665$38,615$31,762$25,985$21,160$11,186
19 years$43,747$35,788$29,077$23,480$18,860$9,545
20 years$41,124$33,256$26,685$21,265$16,846$8,157
21 years$38,754$30,977$24,545$19,300$15,076$6,980
22 years$36,602$28,916$22,622$17,548$13,513$5,979
23 years$34,641$27,044$20,887$15,981$12,130$5,126
24 years$32,845$25,339$19,317$14,576$10,903$4,398
25 years$31,196$23,779$17,892$13,311$9,811$3,777
26 years$29,676$22,349$16,594$12,171$8,837$3,244
27 years$28,271$21,033$15,409$11,141$7,968$2,789
28 years$26,968$19,819$14,324$10,207$7,189$2,398
29 years$25,758$18,697$13,330$9,360$6,492$2,063
30 years$24,630$17,657$12,416$8,590$5,866$1,775
31 years$23,578$16,692$11,576$7,890$5,303$1,527
32 years$22,593$15,794$10,800$7,251$4,797$1,315
33 years$21,669$14,957$10,084$6,668$4,341$1,132
34 years$20,802$14,176$9,422$6,135$3,931$975
35 years$19,986$13,446$8,809$5,647$3,560$840
36 years$19,218$12,762$8,241$5,201$3,226$723
37 years$18,492$12,121$7,713$4,792$2,924$623
38 years$17,806$11,519$7,223$4,417$2,650$537
39 years$17,158$10,954$6,767$4,073$2,403$463
40 years$16,543$10,421$6,343$3,757$2,180$399
41 years$15,959$9,920$5,948$3,466$1,978$344
42 years$15,405$9,448$5,579$3,199$1,795$296
43 years$14,878$9,002$5,235$2,953$1,629$255
44 years$14,377$8,581$4,914$2,726$1,478$220
45 years$13,899$8,182$4,614$2,518$1,342$190
46 years$13,443$7,806$4,334$2,326$1,219$163
47 years$13,008$7,449$4,071$2,149$1,107$141
48 years$12,592$7,111$3,826$1,985$1,005$121
49 years$12,194$6,791$3,596$1,835$913$105
50 years$11,814$6,487$3,381$1,696$829$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $12,100,000, adding $6,594 every year, while hoping to spend $32,905 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: 58/27/15 Blend
63$12,100,000$12,100,000$12,100,000$12,100,000
64$13,341,002$12,699,702$12,512,152$14,063,141
65$14,666,773$13,286,976$12,896,298$15,139,644
66$16,126,671$13,901,925$13,292,211$16,308,386
67$17,734,340$14,545,868$13,700,249$17,581,672
68$19,504,818$15,220,191$14,120,782$18,969,563
69$21,454,675$15,926,346$14,554,194$20,483,121
70$23,602,168$16,665,853$15,000,876$22,134,507
71$25,967,418$17,440,309$15,461,234$23,937,096
72$28,572,595$18,251,384$15,935,686$25,905,597
73$31,442,130$19,100,832$16,424,662$28,056,187
74$34,602,944$19,990,490$16,928,604$30,406,664
75$38,084,703$20,922,283$17,447,972$32,976,605
76$41,920,098$21,898,230$17,983,234$35,787,549
77$46,145,152$22,920,447$18,534,876$38,863,195
78$50,799,561$23,991,152$19,103,398$42,229,622
79$55,927,070$25,112,672$19,689,315$45,915,528
80$61,575,882$26,287,444$20,293,158$49,952,496
81$67,799,116$27,518,023$20,915,473$54,375,286
82$74,655,309$28,807,090$21,556,825$59,222,158
83$82,208,966$30,157,452$22,217,793$64,535,228
84$90,531,167$31,572,054$22,898,977$70,360,854
85$99,700,246$33,053,984$23,600,992$76,750,073
86$109,802,520$34,606,478$24,324,474$83,759,071
87$120,933,110$36,232,929$25,070,077$91,449,710
88$133,196,839$37,936,894$25,838,476$99,890,099
89$146,709,218$39,722,103$26,630,366$109,155,233
90$161,597,537$41,592,466$27,446,463$119,327,689
91$178,002,071$43,552,081$28,287,504$130,498,400
92$196,077,397$45,605,248$29,154,250$142,767,503
93$215,993,858$47,756,472$30,047,485$156,245,270
94$237,939,170$50,010,478$30,968,014$171,053,146
95$262,120,193$52,372,219$31,916,670$187,324,880
96$288,764,884$54,846,889$32,894,310$205,207,777
97$318,124,449$57,439,933$33,901,816$224,864,077
98$350,475,715$60,157,062$34,940,099$246,472,474
99$386,123,741$63,004,261$36,010,095$270,229,792
100$425,404,699$65,987,806$37,112,770$296,352,826