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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.6%
1 years$1,114,817$1,104,887$1,095,199$1,085,743$1,076,509$1,035,024
2 years$551,890$541,611$531,650$521,992$512,623$471,322
3 years$364,272$353,949$344,013$334,445$325,229$285,412
4 years$270,481$260,190$250,353$240,949$231,956$193,927
5 years$214,222$203,992$194,284$185,072$176,329$140,185
6 years$176,727$166,575$157,011$148,003$139,524$105,288
7 years$149,956$139,889$130,477$121,682$113,470$81,133
8 years$129,887$119,911$110,654$102,076$94,134$63,664
9 years$114,286$104,404$95,307$86,946$79,275$50,627
10 years$101,812$92,027$83,091$74,948$67,546$40,667
11 years$91,613$81,926$73,152$65,227$58,092$32,921
12 years$83,120$73,533$64,920$57,213$50,341$26,813
13 years$75,940$66,452$58,002$50,511$43,898$21,944
14 years$69,790$60,403$52,115$44,838$38,481$18,028
15 years$64,465$55,179$47,053$39,987$33,882$14,857
16 years$59,810$50,626$42,660$35,804$29,945$12,275
17 years$55,707$46,625$38,819$32,170$26,551$10,163
18 years$52,064$43,083$35,437$28,992$23,608$8,428
19 years$48,809$39,929$32,441$26,196$21,042$6,999
20 years$45,882$37,104$29,772$23,726$18,795$5,819
21 years$43,238$34,561$27,385$21,533$16,820$4,843
22 years$40,837$32,261$25,239$19,578$15,077$4,033
23 years$38,649$30,173$23,304$17,830$13,534$3,361
24 years$36,645$28,271$21,552$16,262$12,164$2,803
25 years$34,805$26,531$19,962$14,852$10,946$2,338
26 years$33,109$24,934$18,514$13,580$9,860$1,951
27 years$31,542$23,466$17,192$12,430$8,889$1,629
28 years$30,089$22,112$15,982$11,388$8,021$1,360
29 years$28,738$20,860$14,872$10,443$7,243$1,136
30 years$27,480$19,700$13,853$9,584$6,544$949
31 years$26,306$18,623$12,915$8,802$5,917$793
32 years$25,207$17,621$12,050$8,090$5,352$663
33 years$24,177$16,688$11,251$7,439$4,844$554
34 years$23,209$15,816$10,512$6,845$4,385$463
35 years$22,299$15,001$9,828$6,301$3,972$387
36 years$21,441$14,239$9,194$5,803$3,599$323
37 years$20,632$13,523$8,605$5,347$3,262$270
38 years$19,867$12,852$8,059$4,928$2,957$226
39 years$19,143$12,221$7,550$4,544$2,682$189
40 years$18,457$11,627$7,077$4,191$2,432$158
41 years$17,806$11,068$6,636$3,867$2,207$132
42 years$17,187$10,541$6,224$3,569$2,002$110
43 years$16,600$10,043$5,841$3,294$1,817$92
44 years$16,040$9,573$5,483$3,042$1,649$77
45 years$15,507$9,129$5,148$2,809$1,497$64
46 years$14,998$8,709$4,835$2,595$1,360$54
47 years$14,513$8,311$4,543$2,397$1,235$45
48 years$14,049$7,934$4,269$2,215$1,121$38
49 years$13,605$7,576$4,012$2,047$1,018$32
50 years$13,181$7,237$3,772$1,892$925$26

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 $5,453 every year, while hoping to spend $53,468 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: 47/33/20 Blend
63$13,500,000$13,500,000$13,500,000$13,500,000
64$14,882,625$14,167,125$13,957,875$15,497,235
65$16,343,763$14,804,424$14,368,574$16,563,949
66$17,952,145$15,471,160$14,791,240$17,715,290
67$19,722,734$16,168,716$15,226,216$18,963,862
68$21,672,016$16,898,547$15,673,858$20,318,782
69$23,818,158$17,662,172$16,134,528$21,790,058
70$26,181,178$18,461,186$16,608,603$23,388,691
71$28,783,134$19,297,260$17,096,466$25,126,760
72$31,648,330$20,172,142$17,598,515$27,017,544
73$34,803,550$21,087,667$18,115,155$29,075,634
74$38,278,305$22,045,756$18,646,806$31,317,065
75$42,105,117$23,048,423$19,193,899$33,759,469
76$46,319,820$24,097,776$19,756,875$36,422,227
77$50,961,902$25,196,028$20,336,191$39,326,651
78$56,074,876$26,345,493$20,932,313$42,496,178
79$61,706,691$27,548,601$21,545,724$45,956,583
80$67,910,186$28,807,894$22,176,918$49,736,214
81$74,743,583$30,126,039$22,826,403$53,866,257
82$82,271,044$31,505,830$23,494,703$58,381,018
83$90,563,269$32,950,195$24,182,354$63,318,241
84$99,698,170$34,462,202$24,889,910$68,719,457
85$109,761,600$36,045,066$25,617,939$74,630,362
86$120,848,167$37,702,159$26,367,024$81,101,247
87$133,062,128$39,437,012$27,137,767$88,187,455
88$146,518,367$41,253,328$27,930,784$95,949,901
89$161,343,485$43,154,986$28,746,710$104,455,631
90$177,676,994$45,146,053$29,586,198$113,778,445
91$195,672,628$47,230,791$30,449,917$123,999,584
92$215,499,804$49,413,667$31,338,557$135,208,484
93$237,345,212$51,699,365$32,252,826$147,503,607
94$261,414,581$54,092,791$33,193,453$160,993,358
95$287,934,620$56,599,090$34,161,186$175,797,095
96$317,155,160$59,223,653$35,156,794$192,046,241
97$349,351,508$61,972,134$36,181,068$209,885,508
98$384,827,048$64,850,455$37,234,821$229,474,251
99$423,916,107$67,864,828$38,318,887$250,987,953
100$466,987,106$71,021,760$39,434,126$274,619,866