Can I retire at age 64 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$990,591
2 years$527,361$517,540$508,021$498,792$489,840$451,912
3 years$348,082$338,218$328,723$319,581$310,775$274,184
4 years$258,460$248,626$239,226$230,240$221,647$186,674
5 years$204,701$194,926$185,649$176,846$168,493$135,227
6 years$168,873$159,172$150,032$141,425$133,322$101,788
7 years$143,292$133,672$124,678$116,274$108,427$78,616
8 years$124,114$114,582$105,736$97,539$89,951$61,836
9 years$109,207$99,764$91,071$83,082$75,751$49,294
10 years$97,287$87,937$79,398$71,617$64,544$39,697
11 years$87,542$78,285$69,900$62,328$55,510$32,220
12 years$79,426$70,265$62,035$54,670$48,104$26,312
13 years$72,564$63,499$55,424$48,266$41,947$21,593
14 years$66,688$57,718$49,799$42,845$36,771$17,789
15 years$61,600$52,727$44,962$38,210$32,376$14,702
16 years$57,152$48,376$40,764$34,213$28,614$12,183
17 years$53,231$44,552$37,094$30,740$25,371$10,116
18 years$49,750$41,168$33,862$27,703$22,559$8,414
19 years$46,639$38,154$30,999$25,032$20,107$7,009
20 years$43,843$35,455$28,449$22,671$17,960$5,845
21 years$41,316$33,025$26,168$20,576$16,072$4,880
22 years$39,022$30,828$24,118$18,708$14,407$4,077
23 years$36,931$28,832$22,268$17,038$12,932$3,408
24 years$35,017$27,014$20,595$15,539$11,624$2,851
25 years$33,258$25,351$19,075$14,192$10,460$2,386
26 years$31,638$23,826$17,691$12,976$9,422$1,998
27 years$30,140$22,423$16,427$11,877$8,494$1,673
28 years$28,751$21,129$15,271$10,882$7,665$1,402
29 years$27,461$19,933$14,211$9,979$6,921$1,175
30 years$26,259$18,825$13,237$9,158$6,254$984
31 years$25,136$17,796$12,341$8,411$5,654$825
32 years$24,086$16,838$11,514$7,730$5,114$692
33 years$23,102$15,946$10,751$7,108$4,628$580
34 years$22,178$15,113$10,045$6,540$4,190$486
35 years$21,308$14,335$9,391$6,021$3,795$408
36 years$20,488$13,606$8,785$5,545$3,439$342
37 years$19,715$12,922$8,223$5,109$3,117$287
38 years$18,984$12,281$7,700$4,709$2,826$241
39 years$18,292$11,678$7,214$4,342$2,562$202
40 years$17,636$11,111$6,762$4,005$2,324$169
41 years$17,014$10,576$6,341$3,695$2,109$142
42 years$16,424$10,072$5,948$3,410$1,913$119
43 years$15,862$9,597$5,581$3,148$1,736$100
44 years$15,327$9,148$5,239$2,907$1,576$84
45 years$14,817$8,723$4,919$2,684$1,431$70
46 years$14,332$8,322$4,620$2,479$1,299$59
47 years$13,868$7,941$4,341$2,291$1,180$49
48 years$13,424$7,581$4,079$2,117$1,071$41
49 years$13,001$7,240$3,834$1,956$973$35
50 years$12,595$6,916$3,605$1,808$884$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $12,900,000, adding $2,275 every year, while hoping to spend $59,813 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: 78/13/9 Blend
63$12,900,000$12,900,000$12,900,000$12,900,000
64$14,218,147$13,534,447$13,334,497$15,307,142
65$15,604,757$14,133,994$13,717,562$16,622,277
66$17,130,797$14,760,914$14,111,455$18,056,310
67$18,810,425$15,416,486$14,516,475$19,627,308
68$20,659,243$16,102,048$14,932,931$21,348,894
69$22,694,439$16,819,002$15,361,138$23,236,064
70$24,934,956$17,568,818$15,801,421$25,305,330
71$27,401,665$18,353,033$16,254,112$27,574,873
72$30,117,564$19,173,260$16,719,553$30,064,713
73$33,107,993$20,031,188$17,198,096$32,796,895
74$36,400,877$20,928,585$17,690,101$35,795,697
75$40,026,986$21,867,305$18,195,938$39,087,854
76$44,020,223$22,849,287$18,715,987$42,702,810
77$48,417,951$23,876,568$19,250,638$46,672,993
78$53,261,339$24,951,277$19,800,292$51,034,118
79$58,595,752$26,075,646$20,365,358$55,825,523
80$64,471,181$27,252,014$20,946,259$61,090,535
81$70,942,711$28,482,833$21,543,429$66,876,880
82$78,071,045$29,770,669$22,157,311$73,237,126
83$85,923,072$31,118,212$22,788,361$80,229,178
84$94,572,503$32,528,282$23,437,049$87,916,823
85$104,100,562$34,003,831$24,103,853$96,370,327
86$114,596,755$35,547,955$24,789,268$105,667,092
87$126,159,715$37,163,895$25,493,800$115,892,390
88$138,898,130$38,855,051$26,217,967$127,140,156
89$152,931,773$40,624,982$26,962,302$139,513,878
90$168,392,628$42,477,420$27,727,353$153,127,564
91$185,426,137$44,416,275$28,513,681$168,106,816
92$204,192,574$46,445,643$29,321,860$184,590,011
93$224,868,556$48,569,819$30,152,481$202,729,605
94$247,648,711$50,793,302$31,006,152$222,693,560
95$272,747,514$53,120,808$31,883,492$244,666,933
96$300,401,311$55,557,279$32,785,141$268,853,612
97$330,870,553$58,107,894$33,711,751$295,478,236
98$364,442,250$60,778,081$34,663,995$324,788,311
99$401,432,680$63,573,528$35,642,560$357,056,538
100$442,190,381$66,500,198$36,648,152$392,583,384