Can I retire at age 64 with 13,200,000?

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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,021,759
2 years$539,626$529,576$519,835$510,392$501,232$470,423
3 years$356,177$346,083$336,368$327,013$318,002$288,178
4 years$264,470$254,408$244,790$235,594$226,802$198,191
5 years$209,461$199,459$189,967$180,959$172,411$145,092
6 years$172,800$162,873$153,521$144,714$136,423$110,420
7 years$146,624$136,781$127,577$118,978$110,948$86,261
8 years$127,001$117,246$108,195$99,807$92,042$68,656
9 years$111,746$102,084$93,189$85,014$77,513$55,404
10 years$99,550$89,982$81,244$73,283$66,045$45,182
11 years$89,578$80,106$71,526$63,778$56,801$37,150
12 years$81,273$71,899$63,477$55,942$49,222$30,744
13 years$74,252$64,975$56,713$49,388$42,923$25,575
14 years$68,239$59,061$50,957$43,841$37,626$21,366
15 years$63,032$53,953$46,007$39,099$33,129$17,911
16 years$58,481$49,501$41,712$35,009$29,279$15,057
17 years$54,469$45,589$37,956$31,455$25,961$12,688
18 years$50,907$42,126$34,649$28,347$23,083$10,712
19 years$47,724$39,042$31,720$25,614$20,575$9,059
20 years$44,863$36,280$29,111$23,199$18,378$7,671
21 years$42,277$33,793$26,776$21,054$16,446$6,504
22 years$39,930$31,544$24,679$19,143$14,742$5,519
23 years$37,790$29,503$22,786$17,434$13,233$4,688
24 years$35,831$27,642$21,073$15,901$11,894$3,984
25 years$34,032$25,941$19,518$14,522$10,703$3,388
26 years$32,373$24,380$18,102$13,278$9,641$2,883
27 years$30,841$22,945$16,809$12,153$8,692$2,454
28 years$29,420$21,621$15,627$11,135$7,843$2,089
29 years$28,100$20,397$14,542$10,211$7,082$1,780
30 years$26,869$19,262$13,545$9,371$6,399$1,516
31 years$25,721$18,209$12,628$8,607$5,785$1,292
32 years$24,647$17,230$11,782$7,910$5,233$1,101
33 years$23,639$16,317$11,001$7,274$4,736$939
34 years$22,693$15,465$10,279$6,693$4,288$800
35 years$21,803$14,668$9,610$6,161$3,884$682
36 years$20,965$13,922$8,990$5,674$3,519$582
37 years$20,173$13,223$8,414$5,228$3,189$496
38 years$19,425$12,566$7,880$4,819$2,891$423
39 years$18,717$11,949$7,382$4,443$2,622$361
40 years$18,046$11,369$6,919$4,098$2,378$308
41 years$17,410$10,822$6,488$3,781$2,158$263
42 years$16,806$10,307$6,086$3,489$1,958$224
43 years$16,231$9,820$5,711$3,221$1,777$191
44 years$15,683$9,361$5,361$2,974$1,613$163
45 years$15,162$8,926$5,034$2,747$1,464$139
46 years$14,665$8,515$4,728$2,537$1,329$119
47 years$14,190$8,126$4,442$2,344$1,207$101
48 years$13,737$7,757$4,174$2,166$1,096$86
49 years$13,303$7,408$3,923$2,002$996$74
50 years$12,888$7,076$3,688$1,850$904$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $13,200,000, adding $3,346 every year, while hoping to spend $46,401 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: 74/5/21 Blend
63$13,200,000$13,200,000$13,200,000$13,200,000
64$14,549,851$13,850,251$13,645,651$15,552,849
65$15,984,566$14,479,543$14,053,410$16,848,823
66$17,564,066$15,138,116$14,473,274$18,262,673
67$19,303,071$15,827,354$14,905,599$19,810,913
68$21,217,800$16,548,710$15,350,753$21,506,926
69$23,326,125$17,303,705$15,809,112$23,365,447
70$25,647,738$18,093,935$16,281,065$25,402,704
71$28,204,339$18,921,070$16,767,013$27,636,566
72$31,019,841$19,786,862$17,267,367$30,086,716
73$34,120,592$20,693,145$17,782,551$32,774,827
74$37,535,626$21,641,843$18,313,000$35,724,774
75$41,296,937$22,634,971$18,859,163$38,962,849
76$45,439,782$23,674,642$19,421,502$42,518,015
77$50,003,010$24,763,069$20,000,492$46,422,170
78$55,029,430$25,902,572$20,596,622$50,710,455
79$60,566,218$27,095,584$21,210,395$55,421,576
80$66,665,357$28,344,653$21,842,329$60,598,172
81$73,384,133$29,652,450$22,492,955$66,287,212
82$80,785,669$31,021,775$23,162,824$72,540,440
83$88,939,527$32,455,561$23,852,498$79,414,857
84$97,922,360$33,956,886$24,562,559$86,973,261
85$107,818,639$35,528,971$25,293,603$95,284,835
86$118,721,447$37,175,197$26,046,245$104,425,797
87$130,733,358$38,899,106$26,821,118$114,480,117
88$143,967,408$40,704,409$27,618,872$125,540,310
89$158,548,157$42,594,998$28,440,178$137,708,303
90$174,612,868$44,574,953$29,285,723$151,096,393
91$192,312,803$46,648,548$30,156,218$165,828,311
92$211,814,649$48,820,267$31,052,391$182,040,380
93$233,302,090$51,094,806$31,974,992$199,882,800
94$256,977,543$53,477,092$32,924,795$219,521,065
95$283,064,071$55,972,288$33,902,594$241,137,520
96$311,807,480$58,585,804$34,909,205$264,933,080
97$343,478,650$61,323,316$35,945,470$291,129,120
98$378,376,084$64,190,770$37,012,255$319,969,563
99$416,828,728$67,194,401$38,110,449$351,723,180
100$459,199,078$70,340,747$39,240,969$386,686,121