Can I retire at age 64 with 13,400,000?

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 $13,400,000?

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$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,044,400
2 years$547,802$537,599$527,712$518,125$508,826$484,641
3 years$361,573$351,327$341,464$331,968$322,820$299,339
4 years$268,478$258,263$248,499$239,164$230,238$207,642
5 years$212,635$202,481$192,845$183,701$175,023$153,375
6 years$175,418$165,341$155,848$146,907$138,490$117,813
7 years$148,845$138,853$129,510$120,780$112,629$92,927
8 years$128,925$119,023$109,835$101,320$93,437$74,701
9 years$113,439$103,631$94,601$86,302$78,687$60,905
10 years$101,058$91,345$82,475$74,393$67,046$50,197
11 years$90,935$81,319$72,610$64,744$57,661$41,724
12 years$82,505$72,988$64,439$56,789$49,968$34,917
13 years$75,377$65,960$57,572$50,137$43,573$29,381
14 years$69,273$59,956$51,729$44,506$38,196$24,833
15 years$63,987$54,771$46,704$39,691$33,631$21,067
16 years$59,367$50,251$42,344$35,539$29,723$17,927
17 years$55,295$46,279$38,532$31,932$26,354$15,294
18 years$51,679$42,764$35,174$28,777$23,433$13,075
19 years$48,447$39,633$32,200$26,002$20,887$11,199
20 years$45,542$36,829$29,552$23,550$18,656$9,607
21 years$42,918$34,305$27,182$21,373$16,695$8,252
22 years$40,535$32,022$25,053$19,433$14,965$7,096
23 years$38,362$29,950$23,132$17,698$13,433$6,108
24 years$36,374$28,061$21,393$16,142$12,074$5,262
25 years$34,547$26,334$19,814$14,742$10,865$4,536
26 years$32,864$24,750$18,376$13,479$9,787$3,912
27 years$31,308$23,292$17,064$12,338$8,824$3,376
28 years$29,866$21,948$15,863$11,304$7,962$2,915
29 years$28,525$20,706$14,762$10,366$7,189$2,518
30 years$27,277$19,554$13,750$9,513$6,496$2,175
31 years$26,111$18,485$12,819$8,737$5,873$1,880
32 years$25,020$17,491$11,960$8,030$5,312$1,625
33 years$23,997$16,564$11,168$7,384$4,808$1,405
34 years$23,037$15,699$10,434$6,794$4,353$1,215
35 years$22,134$14,890$9,755$6,254$3,943$1,051
36 years$21,282$14,133$9,126$5,760$3,572$909
37 years$20,479$13,423$8,542$5,307$3,238$787
38 years$19,720$12,757$7,999$4,892$2,935$681
39 years$19,001$12,130$7,494$4,510$2,662$589
40 years$18,320$11,541$7,024$4,160$2,414$510
41 years$17,674$10,986$6,586$3,838$2,190$441
42 years$17,060$10,463$6,178$3,542$1,987$382
43 years$16,477$9,969$5,798$3,270$1,804$330
44 years$15,921$9,502$5,442$3,019$1,637$286
45 years$15,392$9,061$5,110$2,788$1,486$248
46 years$14,887$8,644$4,799$2,576$1,350$214
47 years$14,405$8,249$4,509$2,380$1,225$185
48 years$13,945$7,875$4,237$2,199$1,113$161
49 years$13,504$7,520$3,983$2,032$1,011$139
50 years$13,083$7,184$3,744$1,878$918$120

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $13,400,000, adding $3,077 every year, while hoping to spend $28,747 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: 80/10/10 Blend
63$13,400,000$13,400,000$13,400,000$13,400,000
64$14,769,974$14,059,774$13,852,074$15,927,406
65$16,245,925$14,718,116$14,285,532$17,345,496
66$17,871,459$15,407,754$14,732,547$18,897,195
67$19,661,804$16,130,190$15,193,544$20,599,080
68$21,633,739$16,887,000$15,668,958$22,466,153
69$23,805,754$17,679,837$16,159,242$24,514,936
70$26,198,223$18,510,432$16,664,859$26,763,620
71$28,833,600$19,380,601$17,186,290$29,232,240
72$31,736,624$20,292,247$17,724,028$31,942,858
73$34,934,560$21,247,367$18,278,583$34,919,771
74$38,457,451$22,248,054$18,850,481$38,189,740
75$42,338,402$23,296,500$19,440,263$41,782,237
76$46,613,897$24,395,006$20,048,490$45,729,725
77$51,324,137$25,545,984$20,675,737$50,067,958
78$56,513,424$26,751,962$21,322,599$54,836,319
79$62,230,576$28,015,591$21,989,689$60,078,188
80$68,529,390$29,339,650$22,677,639$65,841,350
81$75,469,149$30,727,055$23,387,101$72,178,441
82$83,115,181$32,180,859$24,118,748$79,147,444
83$91,539,476$33,704,267$24,873,272$86,812,235
84$100,821,365$35,300,639$25,651,389$95,243,178
85$111,048,270$36,973,496$26,453,836$104,517,789
86$122,316,528$38,726,532$27,281,374$114,721,465
87$134,732,300$40,563,618$28,134,786$125,948,286
88$148,412,574$42,488,815$29,014,882$138,301,899
89$163,486,271$44,506,381$29,922,494$151,896,491
90$180,095,456$46,620,779$30,858,483$166,857,866
91$198,396,686$48,836,691$31,823,736$183,324,626
92$218,562,484$51,159,025$32,819,167$201,449,478
93$240,782,967$53,592,927$33,845,719$221,400,666
94$265,267,643$56,143,794$34,904,364$243,363,560
95$292,247,388$58,817,285$35,996,106$267,542,397
96$321,976,624$61,619,334$37,121,978$294,162,204
97$354,735,723$64,556,164$38,283,046$323,470,922
98$390,833,649$67,634,299$39,480,411$355,741,732
99$430,610,884$70,860,582$40,715,207$391,275,635
100$474,442,630$74,242,187$41,988,603$430,404,287