Can I retire at age 64 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$997,636
2 years$523,273$513,528$504,083$494,925$486,043$462,940
3 years$345,384$335,596$326,175$317,104$308,366$285,936
4 years$256,456$246,699$237,372$228,455$219,929$198,344
5 years$203,114$193,415$184,210$175,476$167,186$146,508
6 years$167,564$157,938$148,869$140,329$132,289$112,538
7 years$142,181$132,636$123,711$115,372$107,586$88,766
8 years$123,152$113,693$104,917$96,783$89,253$71,357
9 years$108,360$98,991$90,365$82,438$75,164$58,178
10 years$96,533$87,255$78,782$71,062$64,044$47,949
11 years$86,863$77,678$69,359$61,845$55,080$39,856
12 years$78,810$69,720$61,554$54,247$47,731$33,354
13 years$72,002$63,006$54,994$47,892$41,622$28,065
14 years$66,171$57,271$49,413$42,513$36,486$23,721
15 years$61,122$52,318$44,613$37,914$32,125$20,124
16 years$56,709$48,001$40,448$33,948$28,392$17,124
17 years$52,819$44,207$36,806$30,502$25,174$14,609
18 years$49,365$40,849$33,599$27,488$22,384$12,490
19 years$46,278$37,859$30,759$24,838$19,951$10,698
20 years$43,503$35,180$28,229$22,496$17,821$9,177
21 years$40,996$32,769$25,965$20,416$15,948$7,883
22 years$38,720$30,589$23,931$18,563$14,295$6,778
23 years$36,645$28,609$22,096$16,906$12,832$5,834
24 years$34,745$26,805$20,435$15,419$11,534$5,026
25 years$33,000$25,155$18,927$14,082$10,378$4,333
26 years$31,392$23,642$17,554$12,875$9,349$3,737
27 years$29,906$22,249$16,300$11,785$8,428$3,225
28 years$28,528$20,966$15,153$10,798$7,605$2,785
29 years$27,248$19,779$14,101$9,902$6,867$2,405
30 years$26,055$18,679$13,135$9,087$6,205$2,078
31 years$24,942$17,658$12,245$8,346$5,610$1,796
32 years$23,900$16,708$11,425$7,670$5,075$1,552
33 years$22,923$15,822$10,668$7,053$4,592$1,342
34 years$22,006$14,996$9,967$6,490$4,158$1,161
35 years$21,143$14,224$9,319$5,974$3,766$1,004
36 years$20,329$13,500$8,717$5,502$3,412$869
37 years$19,562$12,822$8,159$5,069$3,093$751
38 years$18,837$12,186$7,641$4,673$2,804$650
39 years$18,150$11,587$7,159$4,308$2,543$563
40 years$17,500$11,024$6,710$3,974$2,306$487
41 years$16,882$10,494$6,292$3,666$2,092$421
42 years$16,296$9,994$5,902$3,384$1,898$365
43 years$15,739$9,523$5,538$3,123$1,723$316
44 years$15,208$9,077$5,198$2,884$1,564$273
45 years$14,703$8,656$4,881$2,663$1,420$236
46 years$14,220$8,257$4,584$2,460$1,289$205
47 years$13,760$7,880$4,307$2,273$1,171$177
48 years$13,320$7,522$4,047$2,100$1,063$153
49 years$12,900$7,184$3,804$1,941$965$133
50 years$12,497$6,862$3,577$1,794$877$115

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $12,800,000, adding $5,617 every year, while hoping to spend $55,497 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: 46/47/7 Blend
63$12,800,000$12,800,000$12,800,000$12,800,000
64$14,111,394$13,432,994$13,234,594$14,733,255
65$15,491,708$14,032,162$13,618,904$15,760,862
66$17,010,954$14,658,830$14,014,229$16,868,698
67$18,683,244$15,314,285$14,420,879$18,069,133
68$20,524,129$15,999,879$14,839,172$19,370,737
69$22,550,742$16,717,026$15,269,437$20,782,918
70$24,781,965$17,467,207$15,712,010$22,316,001
71$27,238,600$18,251,975$16,167,237$23,981,323
72$29,943,572$19,072,956$16,635,474$25,791,332
73$32,922,139$19,931,854$17,117,086$27,759,700
74$36,202,137$20,830,455$17,612,448$29,901,442
75$39,814,236$21,770,628$18,121,946$32,233,058
76$43,792,232$22,754,333$18,645,975$34,772,675
77$48,173,368$23,783,623$19,184,943$37,540,212
78$52,998,680$24,860,650$19,739,268$40,557,564
79$58,313,392$25,987,668$20,309,379$43,848,796
80$64,167,332$27,167,038$20,895,718$47,440,367
81$70,615,412$28,401,235$21,498,737$51,361,364
82$77,718,142$29,692,853$22,118,902$55,643,772
83$85,542,198$31,044,609$22,756,691$60,322,768
84$94,161,058$32,459,350$23,412,596$65,437,037
85$103,655,688$33,940,061$24,087,120$71,029,130
86$114,115,312$35,489,868$24,780,783$77,145,857
87$125,638,250$37,112,047$25,494,115$83,838,712
88$138,332,848$38,810,034$26,227,664$91,164,351
89$152,318,499$40,587,426$26,981,992$99,185,111
90$167,726,771$42,447,995$27,757,673$107,969,588
91$184,702,648$44,395,693$28,555,302$117,593,269
92$203,405,898$46,434,662$29,375,484$128,139,231
93$224,012,583$48,569,244$30,218,846$139,698,908
94$246,716,717$50,803,987$31,086,028$152,372,940
95$271,732,100$53,143,661$31,977,688$166,272,105
96$299,294,337$55,593,262$32,894,503$181,518,349
97$329,663,056$58,158,029$33,837,166$198,245,916
98$363,124,367$60,843,452$34,806,390$216,602,599
99$399,993,555$63,655,284$35,802,907$236,751,113
100$440,618,062$66,599,557$36,827,468$258,870,610