Can I retire at age 64 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$942,649
2 years$502,833$493,468$484,392$475,592$467,057$429,062
3 years$331,892$322,487$313,434$304,717$296,320$259,696
4 years$246,438$237,062$228,100$219,531$211,338$176,365
5 years$195,180$185,859$177,015$168,621$160,656$127,422
6 years$161,018$151,768$143,054$134,848$127,121$95,650
7 years$136,627$127,455$118,879$110,866$103,384$73,664
8 years$118,342$109,252$100,818$93,002$85,767$57,769
9 years$104,127$95,124$86,835$79,217$72,228$45,911
10 years$92,762$83,847$75,705$68,286$61,542$36,855
11 years$83,470$74,644$66,649$59,429$52,928$29,816
12 years$75,732$66,996$59,149$52,128$45,866$24,268
13 years$69,189$60,545$52,846$46,021$39,996$19,847
14 years$63,586$55,034$47,482$40,852$35,061$16,294
15 years$58,735$50,274$42,870$36,433$30,870$13,418
16 years$54,494$46,126$38,868$32,622$27,283$11,078
17 years$50,755$42,480$35,369$29,310$24,191$9,165
18 years$47,436$39,254$32,287$26,415$21,510$7,595
19 years$44,470$36,380$29,557$23,868$19,172$6,303
20 years$41,804$33,806$27,126$21,617$17,125$5,236
21 years$39,395$31,489$24,951$19,619$15,325$4,354
22 years$37,207$29,394$22,996$17,838$13,736$3,624
23 years$35,213$27,491$21,233$16,245$12,331$3,018
24 years$33,388$25,758$19,637$14,817$11,083$2,514
25 years$31,711$24,172$18,187$13,531$9,973$2,096
26 years$30,166$22,718$16,868$12,372$8,983$1,748
27 years$28,738$21,380$15,663$11,325$8,099$1,458
28 years$27,414$20,147$14,561$10,376$7,308$1,216
29 years$26,184$19,006$13,550$9,515$6,599$1,015
30 years$25,037$17,949$12,622$8,732$5,963$847
31 years$23,967$16,968$11,767$8,020$5,391$707
32 years$22,966$16,055$10,979$7,371$4,876$590
33 years$22,027$15,204$10,251$6,778$4,413$493
34 years$21,146$14,410$9,578$6,236$3,996$412
35 years$20,317$13,668$8,955$5,741$3,619$344
36 years$19,535$12,973$8,377$5,287$3,279$287
37 years$18,798$12,321$7,841$4,871$2,972$240
38 years$18,101$11,710$7,342$4,490$2,694$200
39 years$17,441$11,135$6,879$4,140$2,443$167
40 years$16,816$10,594$6,448$3,819$2,216$140
41 years$16,223$10,084$6,046$3,523$2,010$117
42 years$15,660$9,604$5,671$3,251$1,824$98
43 years$15,124$9,151$5,322$3,001$1,656$81
44 years$14,614$8,722$4,995$2,771$1,503$68
45 years$14,128$8,318$4,690$2,559$1,364$57
46 years$13,665$7,935$4,405$2,364$1,239$47
47 years$13,223$7,572$4,139$2,184$1,125$40
48 years$12,800$7,229$3,889$2,018$1,022$33
49 years$12,396$6,903$3,656$1,865$928$28
50 years$12,009$6,594$3,437$1,724$843$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $12,300,000, adding $5,175 every year, while hoping to spend $42,856 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: 28/42/30 Blend
63$12,300,000$12,300,000$12,300,000$12,300,000
64$13,559,938$12,908,038$12,717,388$13,813,788
65$14,897,453$13,494,933$13,097,822$14,606,035
66$16,369,959$14,109,150$13,489,564$15,452,547
67$17,991,178$14,751,982$13,892,948$16,361,167
68$19,776,234$15,424,785$14,308,317$17,337,262
69$21,741,788$16,128,978$14,736,025$18,386,711
70$23,906,204$16,866,051$15,176,435$19,515,948
71$26,289,712$17,637,563$15,629,921$20,732,019
72$28,914,608$18,445,149$16,096,869$22,042,643
73$31,805,459$19,290,522$16,577,675$23,456,278
74$34,989,336$20,175,478$17,072,747$24,982,195
75$38,496,069$21,101,897$17,582,505$26,630,557
76$42,358,531$22,071,753$18,107,381$28,412,511
77$46,612,943$23,087,111$18,647,821$30,340,282
78$51,299,221$24,150,138$19,204,281$32,427,282
79$56,461,351$25,263,103$19,777,233$34,688,230
80$62,147,800$26,428,387$20,367,162$37,139,280
81$68,411,979$27,648,482$20,974,566$39,798,166
82$75,312,746$28,926,002$21,599,959$42,684,359
83$82,914,958$30,263,688$22,243,869$45,819,243
84$91,290,085$31,664,410$22,906,839$49,226,305
85$100,516,885$33,131,178$23,589,431$52,931,346
86$110,682,149$34,667,146$24,292,218$56,962,714
87$121,881,514$36,275,623$25,015,793$61,351,560
88$134,220,373$37,960,073$25,760,766$66,132,121
89$147,814,864$39,724,129$26,527,765$71,342,026
90$162,792,970$41,571,601$27,317,435$77,022,646
91$179,295,723$43,506,480$28,130,440$83,219,461
92$197,478,541$45,532,952$28,967,463$89,982,484
93$217,512,687$47,655,402$29,829,209$97,366,710
94$239,586,894$49,878,429$30,716,399$105,432,624
95$263,909,139$52,206,853$31,629,780$114,246,756
96$290,708,610$54,645,729$32,570,118$123,882,288
97$320,237,871$57,200,352$33,538,199$134,419,729
98$352,775,242$59,876,277$34,534,837$145,947,656
99$388,627,428$62,679,326$35,560,865$158,563,530
100$428,132,413$65,615,600$36,617,141$172,374,595