Can I retire at age 64 with 13,100,000?

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 $13,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,023,521
2 years$535,538$525,564$515,897$506,525$497,434$476,278
3 years$353,479$343,462$333,820$324,536$315,593$295,031
4 years$262,467$252,481$242,935$233,810$225,083$205,274
5 years$207,874$197,948$188,528$179,588$171,105$152,105
6 years$171,491$161,639$152,358$143,618$135,389$117,219
7 years$145,513$135,744$126,611$118,076$110,108$92,772
8 years$126,039$116,358$107,376$99,051$91,345$74,838
9 years$110,900$101,311$92,483$84,370$76,926$61,236
10 years$98,796$89,300$80,629$72,728$65,545$50,657
11 years$88,899$79,499$70,984$63,295$56,371$42,267
12 years$80,658$71,354$62,997$55,518$48,850$35,510
13 years$73,689$64,483$56,283$49,014$42,598$29,999
14 years$67,722$58,613$50,571$43,509$37,341$25,460
15 years$62,555$53,544$45,659$38,803$32,878$21,689
16 years$58,038$49,126$41,396$34,744$29,058$18,534
17 years$54,057$45,243$37,669$31,217$25,764$15,880
18 years$50,522$41,807$34,387$28,133$22,909$13,637
19 years$47,362$38,746$31,480$25,420$20,419$11,733
20 years$44,523$36,005$28,890$23,023$18,239$10,110
21 years$41,957$33,537$26,574$20,895$16,321$8,724
22 years$39,627$31,305$24,492$18,998$14,630$7,537
23 years$37,503$29,279$22,614$17,302$13,133$6,518
24 years$35,559$27,433$20,914$15,780$11,804$5,641
25 years$33,774$25,744$19,370$14,412$10,622$4,886
26 years$32,128$24,196$17,965$13,177$9,568$4,235
27 years$30,607$22,771$16,682$12,061$8,626$3,673
28 years$29,197$21,457$15,508$11,051$7,783$3,186
29 years$27,887$20,242$14,432$10,134$7,028$2,766
30 years$26,666$19,117$13,443$9,300$6,350$2,401
31 years$25,526$18,071$12,532$8,542$5,741$2,086
32 years$24,460$17,099$11,693$7,850$5,194$1,812
33 years$23,460$16,193$10,918$7,219$4,700$1,575
34 years$22,521$15,348$10,201$6,642$4,255$1,369
35 years$21,638$14,557$9,537$6,114$3,854$1,190
36 years$20,806$13,817$8,922$5,631$3,492$1,034
37 years$20,020$13,123$8,350$5,188$3,165$899
38 years$19,278$12,471$7,820$4,782$2,869$782
39 years$18,575$11,859$7,326$4,409$2,602$680
40 years$17,910$11,283$6,867$4,067$2,360$592
41 years$17,278$10,740$6,439$3,752$2,141$515
42 years$16,678$10,229$6,040$3,463$1,943$448
43 years$16,108$9,746$5,668$3,197$1,763$390
44 years$15,565$9,290$5,320$2,952$1,601$339
45 years$15,047$8,859$4,995$2,726$1,453$295
46 years$14,554$8,451$4,692$2,518$1,319$257
47 years$14,083$8,065$4,408$2,326$1,198$223
48 years$13,632$7,699$4,142$2,150$1,088$194
49 years$13,202$7,352$3,893$1,987$988$169
50 years$12,790$7,023$3,660$1,836$898$147

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $13,100,000, adding $5,194 every year, while hoping to spend $27,776 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: 47/29/24 Blend
63$13,100,000$13,100,000$13,100,000$13,100,000
64$14,441,558$13,747,258$13,544,208$15,021,043
65$15,885,043$14,391,320$13,968,385$16,072,275
66$17,474,833$15,066,010$14,405,842$17,209,511
67$19,225,821$15,772,800$14,856,993$18,443,401
68$21,154,420$16,513,232$15,322,267$19,783,022
69$23,278,714$17,288,923$15,802,106$21,238,343
70$25,618,632$18,101,570$16,296,966$22,820,315
71$28,196,135$18,952,949$16,807,316$24,540,968
72$31,035,421$19,844,924$17,333,642$26,413,524
73$34,163,158$20,779,450$17,876,443$28,452,514
74$37,608,732$21,758,574$18,436,235$30,673,908
75$41,404,523$22,784,445$19,013,550$33,095,264
76$45,586,215$23,859,313$19,608,934$35,735,884
77$50,193,131$24,985,541$20,222,955$38,616,993
78$55,268,601$26,165,604$20,856,195$41,761,932
79$60,860,376$27,402,096$21,509,255$45,196,373
80$67,021,075$28,697,739$22,182,756$48,948,549
81$73,808,682$30,055,387$22,877,337$53,049,520
82$81,287,097$31,478,030$23,593,657$57,533,456
83$89,526,733$32,968,805$24,332,396$62,437,949
84$98,605,185$34,531,002$25,094,256$67,804,364
85$108,607,960$36,168,067$25,879,961$73,678,217
86$119,629,288$37,883,619$26,690,255$80,109,599
87$131,773,006$39,681,446$27,525,909$87,153,634
88$145,153,541$41,565,525$28,387,715$94,870,996
89$159,896,991$43,540,025$29,276,492$103,328,466
90$176,142,313$45,609,315$30,193,084$112,599,556
91$194,042,636$47,777,979$31,138,360$122,765,187
92$213,766,708$50,050,822$32,113,217$133,914,444
93$235,500,484$52,432,885$33,118,582$146,145,405
94$259,448,886$54,929,449$34,155,408$159,566,050
95$285,837,737$57,546,057$35,224,679$174,295,273
96$314,915,891$60,288,518$36,327,410$190,463,983
97$346,957,582$63,162,925$37,464,648$208,216,331
98$382,265,013$66,175,667$38,637,472$227,711,052
99$421,171,212$69,333,442$39,846,994$249,122,947
100$464,043,171$72,643,276$41,094,364$272,644,519