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%16.4%
1 years$1,114,817$1,104,887$1,095,199$1,085,743$1,076,509$1,048,358
2 years$551,890$541,611$531,650$521,992$512,623$484,454
3 years$364,272$353,949$344,013$334,445$325,229$297,922
4 years$270,481$260,190$250,353$240,949$231,956$205,722
5 years$214,222$203,992$194,284$185,072$176,329$151,240
6 years$176,727$166,575$157,011$148,003$139,524$115,604
7 years$149,956$139,889$130,477$121,682$113,470$90,722
8 years$129,887$119,911$110,654$102,076$94,134$72,546
9 years$114,286$104,404$95,307$86,946$79,275$58,828
10 years$101,812$92,027$83,091$74,948$67,546$48,215
11 years$91,613$81,926$73,152$65,227$58,092$39,847
12 years$83,120$73,533$64,920$57,213$50,341$33,151
13 years$75,940$66,452$58,002$50,511$43,898$27,727
14 years$69,790$60,403$52,115$44,838$38,481$23,291
15 years$64,465$55,179$47,053$39,987$33,882$19,635
16 years$59,810$50,626$42,660$35,804$29,945$16,601
17 years$55,707$46,625$38,819$32,170$26,551$14,071
18 years$52,064$43,083$35,437$28,992$23,608$11,950
19 years$48,809$39,929$32,441$26,196$21,042$10,167
20 years$45,882$37,104$29,772$23,726$18,795$8,662
21 years$43,238$34,561$27,385$21,533$16,820$7,390
22 years$40,837$32,261$25,239$19,578$15,077$6,310
23 years$38,649$30,173$23,304$17,830$13,534$5,393
24 years$36,645$28,271$21,552$16,262$12,164$4,613
25 years$34,805$26,531$19,962$14,852$10,946$3,948
26 years$33,109$24,934$18,514$13,580$9,860$3,381
27 years$31,542$23,466$17,192$12,430$8,889$2,897
28 years$30,089$22,112$15,982$11,388$8,021$2,483
29 years$28,738$20,860$14,872$10,443$7,243$2,128
30 years$27,480$19,700$13,853$9,584$6,544$1,825
31 years$26,306$18,623$12,915$8,802$5,917$1,566
32 years$25,207$17,621$12,050$8,090$5,352$1,344
33 years$24,177$16,688$11,251$7,439$4,844$1,153
34 years$23,209$15,816$10,512$6,845$4,385$990
35 years$22,299$15,001$9,828$6,301$3,972$849
36 years$21,441$14,239$9,194$5,803$3,599$729
37 years$20,632$13,523$8,605$5,347$3,262$626
38 years$19,867$12,852$8,059$4,928$2,957$538
39 years$19,143$12,221$7,550$4,544$2,682$462
40 years$18,457$11,627$7,077$4,191$2,432$396
41 years$17,806$11,068$6,636$3,867$2,207$341
42 years$17,187$10,541$6,224$3,569$2,002$292
43 years$16,600$10,043$5,841$3,294$1,817$251
44 years$16,040$9,573$5,483$3,042$1,649$216
45 years$15,507$9,129$5,148$2,809$1,497$185
46 years$14,998$8,709$4,835$2,595$1,360$159
47 years$14,513$8,311$4,543$2,397$1,235$137
48 years$14,049$7,934$4,269$2,215$1,121$117
49 years$13,605$7,576$4,012$2,047$1,018$101
50 years$13,181$7,237$3,772$1,892$925$87

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 $5,883 every year, while hoping to spend $37,098 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: 63/27/10 Blend
63$13,500,000$13,500,000$13,500,000$13,500,000
64$14,883,068$14,167,568$13,958,318$15,787,501
65$16,361,669$14,822,307$14,386,450$17,047,405
66$17,989,844$15,507,885$14,827,681$18,417,660
67$19,782,810$16,225,773$15,282,410$19,912,872
68$21,757,336$16,977,515$15,751,050$21,545,163
69$23,931,899$17,764,728$16,234,025$23,327,863
70$26,326,860$18,589,107$16,731,772$25,275,633
71$28,964,655$19,452,428$17,244,741$27,404,600
72$31,870,007$20,356,555$17,773,397$29,732,503
73$35,070,160$21,303,438$18,318,219$32,278,860
74$38,595,135$22,295,126$18,879,698$35,065,142
75$42,478,015$23,333,762$19,458,343$38,114,979
76$46,755,252$24,421,597$20,054,678$41,454,369
77$51,467,019$25,560,986$20,669,240$45,111,926
78$56,657,581$26,754,401$21,302,587$49,119,139
79$62,375,721$28,004,433$21,955,290$53,510,669
80$68,675,191$29,313,797$22,627,939$58,324,664
81$75,615,228$30,685,340$23,321,141$63,603,118
82$83,261,106$32,122,046$24,035,524$69,392,260
83$91,684,756$33,627,045$24,771,733$75,742,982
84$100,965,447$35,203,615$25,530,431$82,711,313
85$111,190,526$36,855,196$26,312,304$90,358,942
86$122,456,252$38,585,392$27,118,058$98,753,790
87$134,868,696$40,397,984$27,948,420$107,970,644
88$148,544,750$42,296,932$28,804,139$118,091,858
89$163,613,225$44,286,391$29,685,987$129,208,116
90$180,216,066$46,370,717$30,594,760$141,419,281
91$198,509,697$48,554,474$31,531,277$154,835,330
92$218,666,494$50,842,451$32,496,383$169,577,381
93$240,876,411$53,239,666$33,490,947$185,778,822
94$265,348,778$55,751,382$34,515,866$203,586,565
95$292,314,269$58,383,116$35,572,063$223,162,417
96$322,027,087$61,140,651$36,660,490$244,684,599
97$354,767,361$64,030,054$37,782,127$268,349,412
98$390,843,788$67,057,684$38,937,985$294,373,077
99$430,596,551$70,230,207$40,129,104$322,993,766
100$474,400,527$73,554,614$41,356,557$354,473,832