Can I retire at age 64 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$993,423
2 years$515,097$505,504$496,207$487,192$478,448$467,053
3 years$339,987$330,352$321,079$312,149$303,547$292,430
4 years$252,449$242,844$233,663$224,886$216,493$205,739
5 years$199,940$190,393$181,332$172,734$164,574$154,215
6 years$164,946$155,470$146,543$138,137$130,222$120,271
7 years$139,959$130,563$121,778$113,570$105,905$96,365
8 years$121,228$111,917$103,277$95,271$87,859$78,730
9 years$106,667$97,444$88,953$81,150$73,990$65,268
10 years$95,025$85,892$77,551$69,952$63,043$54,723
11 years$85,506$76,465$68,275$60,879$54,219$46,294
12 years$77,579$68,630$60,592$53,399$46,985$39,446
13 years$70,877$62,022$54,135$47,143$40,972$33,810
14 years$65,137$56,376$48,641$41,849$35,916$29,120
15 years$60,167$51,501$43,916$37,322$31,623$25,184
16 years$55,823$47,251$39,816$33,417$27,949$21,854
17 years$51,993$43,516$36,231$30,025$24,781$19,020
18 years$48,593$40,211$33,074$27,059$22,034$16,595
19 years$45,555$37,267$30,278$24,450$19,640$14,510
20 years$42,823$34,630$27,788$22,144$17,542$12,710
21 years$40,355$32,257$25,559$20,097$15,698$11,151
22 years$38,115$30,111$23,557$18,273$14,071$9,797
23 years$36,072$28,162$21,751$16,642$12,631$8,618
24 years$34,202$26,386$20,116$15,178$11,353$7,588
25 years$32,485$24,762$18,631$13,862$10,216$6,688
26 years$30,902$23,272$17,279$12,674$9,202$5,899
27 years$29,439$21,902$16,045$11,601$8,297$5,207
28 years$28,083$20,638$14,916$10,629$7,486$4,598
29 years$26,822$19,470$13,881$9,747$6,760$4,064
30 years$25,648$18,387$12,930$8,945$6,108$3,593
31 years$24,552$17,382$12,054$8,216$5,522$3,178
32 years$23,526$16,447$11,246$7,550$4,995$2,812
33 years$22,565$15,575$10,501$6,943$4,521$2,488
34 years$21,662$14,762$9,811$6,388$4,093$2,203
35 years$20,812$14,001$9,173$5,881$3,707$1,951
36 years$20,012$13,289$8,581$5,416$3,359$1,728
37 years$19,256$12,622$8,032$4,990$3,044$1,531
38 years$18,542$11,995$7,521$4,600$2,760$1,357
39 years$17,867$11,406$7,047$4,241$2,503$1,202
40 years$17,226$10,852$6,605$3,912$2,270$1,066
41 years$16,619$10,330$6,193$3,609$2,060$945
42 years$16,042$9,838$5,810$3,331$1,869$838
43 years$15,493$9,374$5,451$3,075$1,696$743
44 years$14,971$8,935$5,117$2,839$1,540$658
45 years$14,473$8,520$4,805$2,622$1,398$584
46 years$13,998$8,128$4,513$2,422$1,269$518
47 years$13,545$7,757$4,240$2,237$1,152$459
48 years$13,112$7,405$3,984$2,068$1,046$407
49 years$12,698$7,071$3,745$1,911$950$361
50 years$12,302$6,755$3,521$1,766$863$321

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $12,600,000, adding $3,767 every year, while hoping to spend $42,467 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: 69/17/14 Blend
63$12,600,000$12,600,000$12,600,000$12,600,000
64$13,889,086$13,221,286$13,025,986$14,803,141
65$15,260,588$13,823,944$13,417,172$16,014,169
66$16,770,560$14,454,709$13,820,039$17,333,215
67$18,433,081$15,114,914$14,234,934$18,775,251
68$20,263,665$15,805,955$14,662,214$20,352,373
69$22,279,406$16,529,294$15,102,246$22,077,894
70$24,499,142$17,286,465$15,555,407$23,966,465
71$26,943,628$18,079,076$16,022,088$26,034,213
72$29,635,738$18,908,811$16,502,687$28,298,887
73$32,600,675$19,777,434$16,997,618$30,780,026
74$35,866,211$20,686,795$17,507,306$33,499,139
75$39,462,950$21,638,834$18,032,186$36,479,907
76$43,424,615$22,635,581$18,572,709$39,748,398
77$47,788,369$23,679,168$19,129,338$43,333,317
78$52,595,160$24,771,825$19,702,548$47,266,269
79$57,890,114$25,915,892$20,292,831$51,582,053
80$63,722,956$27,113,821$20,900,691$56,318,991
81$70,148,482$28,368,182$21,526,648$61,519,281
82$77,227,073$29,681,669$22,171,237$67,229,395
83$85,025,269$31,057,105$22,835,008$73,500,511
84$93,616,394$32,497,451$23,518,529$80,388,993
85$103,081,248$34,005,807$24,222,381$87,956,918
86$113,508,870$35,585,427$24,947,165$96,272,657
87$124,997,380$37,239,718$25,693,501$105,411,514
88$137,654,901$38,972,253$26,462,022$115,456,436
89$151,600,586$40,786,778$27,253,384$126,498,784
90$166,965,734$42,687,218$28,068,261$138,639,195
91$183,895,036$44,677,690$28,907,345$151,988,524
92$202,547,940$46,762,506$29,771,351$166,668,883
93$223,100,151$48,946,191$30,661,013$182,814,790
94$245,745,297$51,233,484$31,577,087$200,574,428
95$270,696,748$53,629,356$32,520,350$220,111,041
96$298,189,638$56,139,016$33,491,604$241,604,464
97$328,483,081$58,767,928$34,491,672$265,252,816
98$361,862,615$61,521,816$35,521,403$291,274,359
99$398,642,900$64,406,683$36,581,669$319,909,551
100$439,170,689$67,428,824$37,673,368$351,423,308