Can I retire at age 64 with 13,300,000?

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 $13,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,023,338
2 years$543,714$533,587$523,774$514,258$505,029$467,919
3 years$358,875$348,705$338,916$329,490$320,411$284,579
4 years$266,474$256,335$246,644$237,379$228,520$194,240
5 years$211,048$200,970$191,406$182,330$173,717$141,080
6 years$174,109$164,107$154,685$145,811$137,456$106,486
7 years$147,735$137,817$128,544$119,879$111,789$82,480
8 years$127,963$118,135$109,015$100,564$92,740$65,068
9 years$112,593$102,857$93,895$85,658$78,100$52,030
10 years$100,304$90,664$81,860$73,838$66,545$42,033
11 years$90,256$80,713$72,068$64,261$57,231$34,227
12 years$81,889$72,443$63,958$56,366$49,595$28,044
13 years$74,814$65,468$57,143$49,762$43,248$23,093
14 years$68,756$59,508$51,343$44,173$37,911$19,092
15 years$63,510$54,362$46,356$39,395$33,380$15,835
16 years$58,924$49,876$42,028$35,274$29,501$13,169
17 years$54,882$45,934$38,244$31,693$26,158$10,975
18 years$51,293$42,445$34,912$28,562$23,258$9,164
19 years$48,086$39,338$31,960$25,808$20,731$7,662
20 years$45,202$36,554$29,331$23,374$18,517$6,415
21 years$42,597$34,049$26,979$21,214$16,571$5,376
22 years$40,232$31,783$24,866$19,288$14,853$4,509
23 years$38,076$29,726$22,959$17,566$13,333$3,784
24 years$36,102$27,852$21,233$16,021$11,984$3,178
25 years$34,289$26,137$19,666$14,632$10,784$2,671
26 years$32,619$24,565$18,239$13,378$9,714$2,245
27 years$31,074$23,119$16,937$12,246$8,758$1,888
28 years$29,643$21,784$15,745$11,220$7,902$1,588
29 years$28,312$20,551$14,652$10,289$7,136$1,336
30 years$27,073$19,408$13,648$9,442$6,447$1,124
31 years$25,916$18,347$12,723$8,672$5,829$946
32 years$24,833$17,360$11,871$7,970$5,273$797
33 years$23,818$16,441$11,084$7,329$4,772$671
34 years$22,865$15,582$10,356$6,743$4,320$565
35 years$21,968$14,779$9,683$6,208$3,913$476
36 years$21,123$14,028$9,058$5,717$3,546$400
37 years$20,326$13,323$8,478$5,267$3,213$337
38 years$19,572$12,662$7,939$4,855$2,913$284
39 years$18,859$12,040$7,438$4,477$2,642$239
40 years$18,183$11,455$6,972$4,129$2,396$202
41 years$17,542$10,904$6,537$3,810$2,174$170
42 years$16,933$10,385$6,132$3,516$1,973$143
43 years$16,354$9,895$5,754$3,245$1,790$120
44 years$15,802$9,432$5,401$2,997$1,625$101
45 years$15,277$8,994$5,072$2,768$1,475$85
46 years$14,776$8,580$4,764$2,556$1,339$72
47 years$14,298$8,188$4,475$2,362$1,216$61
48 years$13,841$7,816$4,205$2,182$1,105$51
49 years$13,404$7,464$3,953$2,017$1,003$43
50 years$12,985$7,130$3,716$1,864$911$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $13,300,000, adding $2,832 every year, while hoping to spend $38,670 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: 62/18/20 Blend
63$13,300,000$13,300,000$13,300,000$13,300,000
64$14,659,521$13,954,621$13,748,471$15,492,462
65$16,113,648$14,597,253$14,167,900$16,697,488
66$17,714,799$15,270,078$14,600,084$18,007,936
67$19,477,931$15,974,534$15,045,410$19,437,747
68$21,419,524$16,712,130$15,504,274$20,998,550
69$23,557,736$17,484,445$15,977,089$22,703,133
70$25,912,579$18,293,137$16,464,275$24,565,570
71$28,506,103$19,139,941$16,966,269$26,601,344
72$31,362,604$20,026,677$17,483,518$28,827,492
73$34,508,859$20,955,253$18,016,485$31,262,764
74$37,974,370$21,927,669$18,565,645$33,927,794
75$41,791,651$22,946,019$19,131,488$36,845,292
76$45,996,526$24,012,501$19,714,521$40,040,257
77$50,628,476$25,129,418$20,315,261$43,540,203
78$55,731,005$26,299,183$20,934,246$47,375,422
79$61,352,051$27,524,328$21,572,028$51,579,260
80$67,544,444$28,807,503$22,229,174$56,188,429
81$74,366,397$30,151,490$22,906,271$61,243,350
82$81,882,060$31,559,204$23,603,922$66,788,529
83$90,162,125$33,033,700$24,322,749$72,872,969
84$99,284,492$34,578,182$25,063,391$79,550,633
85$109,335,004$36,196,006$25,826,508$86,880,943
86$120,408,258$37,890,694$26,612,780$94,929,336
87$132,608,499$39,665,936$27,422,906$103,767,879
88$146,050,599$41,525,601$28,257,607$113,475,936
89$160,861,149$43,473,744$29,117,625$124,140,918
90$177,179,647$45,514,618$30,003,726$135,859,099
91$195,159,817$47,652,681$30,916,697$148,736,512
92$214,971,062$49,892,605$31,857,350$162,889,951
93$236,800,059$52,239,292$32,826,521$178,448,060
94$260,852,526$54,697,878$33,825,070$195,552,541
95$287,355,158$57,273,749$34,853,884$214,359,482
96$316,557,773$59,972,551$35,913,878$235,040,824
97$348,735,665$62,800,205$37,005,991$257,785,971
98$384,192,205$65,762,917$38,131,194$282,803,572
99$423,261,705$68,867,195$39,290,485$310,323,476
100$466,312,574$72,119,863$40,484,891$340,598,898