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%20%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,025,735
2 years$547,802$537,599$527,712$518,125$508,826$466,243
3 years$361,573$351,327$341,464$331,968$322,820$281,795
4 years$268,478$258,263$248,499$239,164$230,238$191,083
5 years$212,635$202,481$192,845$183,701$175,023$137,838
6 years$175,418$165,341$155,848$146,907$138,490$103,297
7 years$148,845$138,853$129,510$120,780$112,629$79,416
8 years$128,925$119,023$109,835$101,320$93,437$62,169
9 years$113,439$103,631$94,601$86,302$78,687$49,317
10 years$101,058$91,345$82,475$74,393$67,046$39,514
11 years$90,935$81,319$72,610$64,744$57,661$31,904
12 years$82,505$72,988$64,439$56,789$49,968$25,915
13 years$75,377$65,960$57,572$50,137$43,573$21,151
14 years$69,273$59,956$51,729$44,506$38,196$17,328
15 years$63,987$54,771$46,704$39,691$33,631$14,239
16 years$59,367$50,251$42,344$35,539$29,723$11,730
17 years$55,295$46,279$38,532$31,932$26,354$9,683
18 years$51,679$42,764$35,174$28,777$23,433$8,006
19 years$48,447$39,633$32,200$26,002$20,887$6,629
20 years$45,542$36,829$29,552$23,550$18,656$5,494
21 years$42,918$34,305$27,182$21,373$16,695$4,558
22 years$40,535$32,022$25,053$19,433$14,965$3,785
23 years$38,362$29,950$23,132$17,698$13,433$3,144
24 years$36,374$28,061$21,393$16,142$12,074$2,613
25 years$34,547$26,334$19,814$14,742$10,865$2,173
26 years$32,864$24,750$18,376$13,479$9,787$1,808
27 years$31,308$23,292$17,064$12,338$8,824$1,504
28 years$29,866$21,948$15,863$11,304$7,962$1,252
29 years$28,525$20,706$14,762$10,366$7,189$1,042
30 years$27,277$19,554$13,750$9,513$6,496$868
31 years$26,111$18,485$12,819$8,737$5,873$723
32 years$25,020$17,491$11,960$8,030$5,312$602
33 years$23,997$16,564$11,168$7,384$4,808$501
34 years$23,037$15,699$10,434$6,794$4,353$418
35 years$22,134$14,890$9,755$6,254$3,943$348
36 years$21,282$14,133$9,126$5,760$3,572$290
37 years$20,479$13,423$8,542$5,307$3,238$241
38 years$19,720$12,757$7,999$4,892$2,935$201
39 years$19,001$12,130$7,494$4,510$2,662$168
40 years$18,320$11,541$7,024$4,160$2,414$140
41 years$17,674$10,986$6,586$3,838$2,190$116
42 years$17,060$10,463$6,178$3,542$1,987$97
43 years$16,477$9,969$5,798$3,270$1,804$81
44 years$15,921$9,502$5,442$3,019$1,637$67
45 years$15,392$9,061$5,110$2,788$1,486$56
46 years$14,887$8,644$4,799$2,576$1,350$47
47 years$14,405$8,249$4,509$2,380$1,225$39
48 years$13,945$7,875$4,237$2,199$1,113$32
49 years$13,504$7,520$3,983$2,032$1,011$27
50 years$13,083$7,184$3,744$1,878$918$23

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 $6,282 every year, while hoping to spend $51,357 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: 61/22/17 Blend
63$13,400,000$13,400,000$13,400,000$13,400,000
64$14,773,280$14,063,080$13,855,380$15,610,183
65$16,225,511$14,697,527$14,264,892$16,809,579
66$17,824,148$15,361,341$14,686,401$18,111,602
67$19,584,071$16,055,907$15,120,255$19,531,315
68$21,521,675$16,782,675$15,566,812$21,080,137
69$23,655,025$17,543,165$16,026,439$22,770,626
70$26,004,028$18,338,971$16,499,516$24,616,600
71$28,590,620$19,171,761$16,986,430$26,633,256
72$31,438,970$20,043,285$17,487,583$28,837,318
73$34,575,714$20,955,374$18,003,386$31,247,184
74$38,030,200$21,909,951$18,534,262$33,883,101
75$41,834,767$22,909,025$19,080,647$36,767,350
76$46,025,054$23,954,708$19,642,989$39,924,453
77$50,640,328$25,049,208$20,221,748$43,381,397
78$55,723,863$26,194,840$20,817,398$47,167,889
79$61,323,343$27,394,033$21,430,427$51,316,630
80$67,491,313$28,649,329$22,061,335$55,863,616
81$74,285,674$29,963,394$22,710,637$60,848,476
82$81,770,234$31,339,021$23,378,864$66,314,841
83$90,015,302$32,779,137$24,066,560$72,310,745
84$99,098,358$34,286,811$24,774,286$78,889,079
85$109,104,784$35,865,258$25,502,617$86,108,081
86$120,128,665$37,517,848$26,252,148$94,031,879
87$132,273,680$39,248,114$27,023,486$102,731,092
88$145,654,081$41,059,757$27,817,258$112,283,486
89$160,395,770$42,956,658$28,634,109$122,774,704
90$176,637,488$44,942,884$29,474,702$134,299,066
91$194,532,124$47,022,698$30,339,717$146,960,450
92$214,248,158$49,200,567$31,229,854$160,873,267
93$235,971,250$51,481,175$32,145,834$176,163,529
94$259,905,996$53,869,431$33,088,398$192,970,033
95$286,277,855$56,370,480$34,058,307$211,445,657
96$315,335,279$58,989,717$35,056,343$231,758,799
97$347,352,059$61,732,794$36,083,312$254,094,954
98$382,629,906$64,605,638$37,140,040$278,658,450
99$421,501,303$67,614,462$38,227,378$305,674,374
100$464,332,643$70,765,777$39,346,202$335,390,678