Can I retire at age 64 with 13,500,000?

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 $13,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,114,817$1,104,887$1,095,199$1,085,743$1,076,509$1,054,774
2 years$551,890$541,611$531,650$521,992$512,623$490,821
3 years$364,272$353,949$344,013$334,445$325,229$304,039
4 years$270,481$260,190$250,353$240,949$231,956$211,542
5 years$214,222$203,992$194,284$185,072$176,329$156,749
6 years$176,727$166,575$157,011$148,003$139,524$120,799
7 years$149,956$139,889$130,477$121,682$113,470$95,604
8 years$129,887$119,911$110,654$102,076$94,134$77,123
9 years$114,286$104,404$95,307$86,946$79,275$63,106
10 years$101,812$92,027$83,091$74,948$67,546$52,204
11 years$91,613$81,926$73,152$65,227$58,092$43,558
12 years$83,120$73,533$64,920$57,213$50,341$36,594
13 years$75,940$66,452$58,002$50,511$43,898$30,915
14 years$69,790$60,403$52,115$44,838$38,481$26,237
15 years$64,465$55,179$47,053$39,987$33,882$22,351
16 years$59,810$50,626$42,660$35,804$29,945$19,100
17 years$55,707$46,625$38,819$32,170$26,551$16,365
18 years$52,064$43,083$35,437$28,992$23,608$14,053
19 years$48,809$39,929$32,441$26,196$21,042$12,091
20 years$45,882$37,104$29,772$23,726$18,795$10,419
21 years$43,238$34,561$27,385$21,533$16,820$8,991
22 years$40,837$32,261$25,239$19,578$15,077$7,767
23 years$38,649$30,173$23,304$17,830$13,534$6,717
24 years$36,645$28,271$21,552$16,262$12,164$5,814
25 years$34,805$26,531$19,962$14,852$10,946$5,035
26 years$33,109$24,934$18,514$13,580$9,860$4,364
27 years$31,542$23,466$17,192$12,430$8,889$3,785
28 years$30,089$22,112$15,982$11,388$8,021$3,284
29 years$28,738$20,860$14,872$10,443$7,243$2,850
30 years$27,480$19,700$13,853$9,584$6,544$2,475
31 years$26,306$18,623$12,915$8,802$5,917$2,149
32 years$25,207$17,621$12,050$8,090$5,352$1,867
33 years$24,177$16,688$11,251$7,439$4,844$1,623
34 years$23,209$15,816$10,512$6,845$4,385$1,410
35 years$22,299$15,001$9,828$6,301$3,972$1,226
36 years$21,441$14,239$9,194$5,803$3,599$1,066
37 years$20,632$13,523$8,605$5,347$3,262$927
38 years$19,867$12,852$8,059$4,928$2,957$806
39 years$19,143$12,221$7,550$4,544$2,682$701
40 years$18,457$11,627$7,077$4,191$2,432$610
41 years$17,806$11,068$6,636$3,867$2,207$531
42 years$17,187$10,541$6,224$3,569$2,002$462
43 years$16,600$10,043$5,841$3,294$1,817$402
44 years$16,040$9,573$5,483$3,042$1,649$349
45 years$15,507$9,129$5,148$2,809$1,497$304
46 years$14,998$8,709$4,835$2,595$1,360$264
47 years$14,513$8,311$4,543$2,397$1,235$230
48 years$14,049$7,934$4,269$2,215$1,121$200
49 years$13,605$7,576$4,012$2,047$1,018$174
50 years$13,181$7,237$3,772$1,892$925$152

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $13,500,000, adding $2,402 every year, while hoping to spend $46,340 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: 76/16/8 Blend
63$13,500,000$13,500,000$13,500,000$13,500,000
64$14,879,478$14,163,978$13,954,728$15,992,701
65$16,347,879$14,808,707$14,372,906$17,369,862
66$17,964,504$15,483,475$14,803,539$18,872,812
67$19,744,423$16,189,705$15,246,997$20,518,870
68$21,704,241$16,928,887$15,703,659$22,322,223
69$23,862,256$17,702,585$16,173,914$24,298,492
70$26,238,630$18,512,436$16,658,164$26,464,871
71$28,855,581$19,360,156$17,156,823$28,840,290
72$31,737,590$20,247,543$17,670,316$31,445,589
73$34,911,634$21,176,483$18,199,082$34,303,716
74$38,407,440$22,148,950$18,743,571$37,439,936
75$42,257,766$23,167,015$19,304,246$40,882,070
76$46,498,706$24,232,847$19,881,587$44,660,753
77$51,170,038$25,348,721$20,476,084$48,809,720
78$56,315,592$26,517,018$21,088,244$53,366,124
79$61,983,669$27,740,238$21,718,586$58,370,878
80$68,227,492$29,020,999$22,367,647$63,869,043
81$75,105,711$30,362,043$23,035,979$69,910,245
82$82,682,958$31,766,248$23,724,148$76,549,145
83$91,030,453$33,236,627$24,432,740$83,845,946
84$100,226,678$34,776,340$25,162,356$91,866,957
85$110,358,118$36,388,700$25,913,614$100,685,220
86$121,520,078$38,077,177$26,687,151$110,381,188
87$133,817,578$39,845,411$27,483,623$121,043,486
88$147,366,350$41,697,216$28,303,704$132,769,735
89$162,293,928$43,636,589$29,148,088$145,667,477
90$178,740,849$45,667,723$30,017,489$159,855,178
91$196,861,983$47,795,009$30,912,643$175,463,342
92$216,827,995$50,023,054$31,834,306$192,635,741
93$238,826,952$52,356,685$32,783,257$211,530,759
94$263,066,101$54,800,963$33,760,296$232,322,886
95$289,773,826$57,361,192$34,766,248$255,204,357
96$319,201,800$60,042,935$35,801,962$280,386,957
97$351,627,366$62,852,021$36,868,310$308,104,017
98$387,356,149$65,794,562$37,966,190$338,612,606
99$426,724,947$68,876,966$39,096,527$372,195,948
100$470,104,903$72,105,949$40,260,273$409,166,093