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%18.5%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,031,854
2 years$547,802$537,599$527,712$518,125$508,826$472,244
3 years$361,573$351,327$341,464$331,968$322,820$287,487
4 years$268,478$258,263$248,499$239,164$230,238$196,423
5 years$212,635$202,481$192,845$183,701$175,023$142,816
6 years$175,418$165,341$155,848$146,907$138,490$107,915
7 years$148,845$138,853$129,510$120,780$112,629$83,682
8 years$128,925$119,023$109,835$101,320$93,437$66,094
9 years$113,439$103,631$94,601$86,302$78,687$52,916
10 years$101,058$91,345$82,475$74,393$67,046$42,802
11 years$90,935$81,319$72,610$64,744$57,661$34,898
12 years$82,505$72,988$64,439$56,789$49,968$28,633
13 years$75,377$65,960$57,572$50,137$43,573$23,610
14 years$69,273$59,956$51,729$44,506$38,196$19,547
15 years$63,987$54,771$46,704$39,691$33,631$16,235
16 years$59,367$50,251$42,344$35,539$29,723$13,521
17 years$55,295$46,279$38,532$31,932$26,354$11,286
18 years$51,679$42,764$35,174$28,777$23,433$9,437
19 years$48,447$39,633$32,200$26,002$20,887$7,902
20 years$45,542$36,829$29,552$23,550$18,656$6,626
21 years$42,918$34,305$27,182$21,373$16,695$5,561
22 years$40,535$32,022$25,053$19,433$14,965$4,672
23 years$38,362$29,950$23,132$17,698$13,433$3,927
24 years$36,374$28,061$21,393$16,142$12,074$3,304
25 years$34,547$26,334$19,814$14,742$10,865$2,780
26 years$32,864$24,750$18,376$13,479$9,787$2,341
27 years$31,308$23,292$17,064$12,338$8,824$1,972
28 years$29,866$21,948$15,863$11,304$7,962$1,661
29 years$28,525$20,706$14,762$10,366$7,189$1,400
30 years$27,277$19,554$13,750$9,513$6,496$1,180
31 years$26,111$18,485$12,819$8,737$5,873$995
32 years$25,020$17,491$11,960$8,030$5,312$839
33 years$23,997$16,564$11,168$7,384$4,808$707
34 years$23,037$15,699$10,434$6,794$4,353$597
35 years$22,134$14,890$9,755$6,254$3,943$503
36 years$21,282$14,133$9,126$5,760$3,572$425
37 years$20,479$13,423$8,542$5,307$3,238$358
38 years$19,720$12,757$7,999$4,892$2,935$302
39 years$19,001$12,130$7,494$4,510$2,662$255
40 years$18,320$11,541$7,024$4,160$2,414$215
41 years$17,674$10,986$6,586$3,838$2,190$181
42 years$17,060$10,463$6,178$3,542$1,987$153
43 years$16,477$9,969$5,798$3,270$1,804$129
44 years$15,921$9,502$5,442$3,019$1,637$109
45 years$15,392$9,061$5,110$2,788$1,486$92
46 years$14,887$8,644$4,799$2,576$1,350$78
47 years$14,405$8,249$4,509$2,380$1,225$65
48 years$13,945$7,875$4,237$2,199$1,113$55
49 years$13,504$7,520$3,983$2,032$1,011$47
50 years$13,083$7,184$3,744$1,878$918$39

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 $5,463 every year, while hoping to spend $25,335 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: 54/39/7 Blend
63$13,400,000$13,400,000$13,400,000$13,400,000
64$14,772,435$14,062,235$13,854,535$15,545,657
65$16,252,267$14,724,328$14,291,706$16,731,266
66$17,882,193$15,418,015$14,742,673$18,017,686
67$19,677,496$16,144,817$15,207,871$19,417,099
68$21,655,015$16,906,328$15,687,750$20,940,209
69$23,833,310$17,704,221$16,182,773$22,598,779
70$26,232,830$18,540,250$16,693,418$24,405,729
71$28,876,109$19,416,253$17,220,178$26,375,257
72$31,787,980$20,334,157$17,763,562$28,522,967
73$34,995,807$21,295,984$18,324,094$30,866,005
74$38,529,744$22,303,852$18,902,315$33,423,224
75$42,423,020$23,359,982$19,498,785$36,215,346
76$46,712,252$24,466,706$20,114,078$39,265,156
77$51,437,792$25,626,464$20,748,790$42,597,708
78$56,644,104$26,841,818$21,403,532$46,240,556
79$62,380,190$28,115,455$22,078,937$50,224,003
80$68,700,045$29,450,188$22,775,658$54,581,380
81$75,663,174$30,848,971$23,494,367$59,349,353
82$83,335,147$32,314,901$24,235,757$64,568,260
83$91,788,223$33,851,221$25,000,546$70,282,479
84$101,102,029$35,461,338$25,789,471$76,540,842
85$111,364,312$37,148,820$26,603,295$83,397,080
86$122,671,769$38,917,409$27,442,803$90,910,324
87$135,130,958$40,771,031$28,308,805$99,145,649
88$148,859,305$42,713,800$29,202,139$108,174,677
89$163,986,209$44,750,033$30,123,666$118,076,239
90$180,654,271$46,884,253$31,074,278$128,937,109
91$199,020,632$49,121,206$32,054,891$140,852,806
92$219,258,459$51,465,868$33,066,452$153,928,484
93$241,558,583$53,923,456$34,109,939$168,279,907
94$266,131,296$56,499,443$35,186,360$184,034,527
95$293,208,338$59,199,566$36,296,753$201,332,672
96$323,045,086$62,029,842$37,442,192$220,328,850
97$355,922,962$64,996,581$38,623,782$241,193,191
98$392,152,089$68,106,399$39,842,664$264,113,033
99$432,074,225$71,366,236$41,100,016$289,294,673
100$476,065,981$74,783,366$42,397,052$316,965,291