Can I retire at age 64 with 13,700,000?

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 $13,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,064,751
2 years$560,066$549,635$539,526$529,725$520,218$492,484
3 years$369,668$359,193$349,109$339,400$330,048$303,154
4 years$274,488$264,045$254,062$244,518$235,393$209,546
5 years$217,395$207,014$197,163$187,814$178,942$154,214
6 years$179,346$169,043$159,337$150,196$141,591$118,005
7 years$152,178$141,962$132,410$123,484$115,151$92,711
8 years$131,811$121,687$112,294$103,588$95,529$74,224
9 years$115,979$105,951$96,719$88,234$80,449$60,261
10 years$103,321$93,390$84,321$76,059$68,547$49,451
11 years$92,971$83,140$74,235$66,194$58,952$40,921
12 years$84,352$74,622$65,882$58,061$51,087$34,089
13 years$77,065$67,437$58,861$51,259$44,549$28,550
14 years$70,824$61,298$52,887$45,502$39,051$24,015
15 years$65,420$55,997$47,750$40,580$34,384$20,274
16 years$60,696$51,376$43,292$36,335$30,388$17,166
17 years$56,533$47,315$39,394$32,647$26,945$14,571
18 years$52,836$43,721$35,962$29,421$23,958$12,393
19 years$49,532$40,521$32,921$26,584$21,354$10,560
20 years$46,562$37,654$30,214$24,077$19,074$9,011
21 years$43,878$35,073$27,791$21,852$17,069$7,698
22 years$41,442$32,739$25,613$19,868$15,300$6,584
23 years$39,221$30,620$23,649$18,094$13,734$5,636
24 years$37,188$28,689$21,872$16,503$12,345$4,828
25 years$35,321$26,924$20,258$15,072$11,108$4,139
26 years$33,600$25,304$18,788$13,781$10,006$3,550
27 years$32,009$23,814$17,446$12,614$9,021$3,047
28 years$30,534$22,440$16,219$11,557$8,140$2,615
29 years$29,164$21,169$15,093$10,598$7,350$2,246
30 years$27,887$19,992$14,058$9,726$6,641$1,929
31 years$26,695$18,899$13,106$8,933$6,004$1,658
32 years$25,580$17,882$12,228$8,210$5,431$1,425
33 years$24,535$16,935$11,418$7,549$4,915$1,225
34 years$23,553$16,051$10,668$6,946$4,450$1,053
35 years$22,629$15,224$9,974$6,394$4,031$905
36 years$21,759$14,449$9,330$5,889$3,652$779
37 years$20,937$13,724$8,733$5,426$3,310$670
38 years$20,161$13,042$8,178$5,001$3,001$576
39 years$19,426$12,402$7,662$4,611$2,721$495
40 years$18,730$11,800$7,182$4,253$2,468$426
41 years$18,070$11,232$6,734$3,924$2,239$367
42 years$17,442$10,697$6,317$3,622$2,032$315
43 years$16,845$10,192$5,927$3,343$1,844$271
44 years$16,278$9,715$5,564$3,087$1,674$233
45 years$15,736$9,264$5,224$2,851$1,520$201
46 years$15,220$8,838$4,907$2,633$1,380$173
47 years$14,728$8,434$4,610$2,433$1,253$149
48 years$14,257$8,051$4,332$2,248$1,138$128
49 years$13,807$7,689$4,072$2,078$1,033$110
50 years$13,376$7,344$3,828$1,920$939$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $13,700,000, adding $3,502 every year, while hoping to spend $58,453 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: 46/24/30 Blend
63$13,700,000$13,700,000$13,700,000$13,700,000
64$15,101,012$14,374,912$14,162,562$15,664,887
65$16,579,122$15,017,089$14,574,815$16,708,187
66$18,206,040$15,688,774$14,998,918$17,833,635
67$19,996,882$16,391,351$15,435,209$19,053,741
68$21,968,307$17,126,269$15,884,030$20,377,418
69$24,138,666$17,895,048$16,345,737$21,814,465
70$26,528,184$18,699,280$16,820,693$23,375,645
71$29,159,145$19,540,631$17,309,273$25,072,792
72$32,056,104$20,420,848$17,811,860$26,918,911
73$35,246,120$21,341,762$18,328,850$28,928,303
74$38,759,005$22,305,290$18,860,648$31,116,690
75$42,627,616$23,313,441$19,407,672$33,501,361
76$46,888,153$24,368,321$19,970,349$36,101,330
77$51,580,509$25,472,133$20,549,121$38,937,513
78$56,748,644$26,627,190$21,144,439$42,032,914
79$62,440,996$27,835,913$21,756,768$45,412,844
80$68,710,944$29,100,838$22,386,586$49,105,146
81$75,617,306$30,424,626$23,034,383$53,140,460
82$83,224,900$31,810,062$23,700,664$57,552,501
83$91,605,150$33,260,064$24,385,945$62,378,369
84$100,836,761$34,777,693$25,090,760$67,658,899
85$111,006,465$36,366,154$25,815,655$73,439,032
86$122,209,835$38,028,807$26,561,191$79,768,238
87$134,552,192$39,769,172$27,327,944$86,700,970
88$148,149,594$41,590,940$28,116,508$94,297,174
89$163,129,932$43,497,975$28,927,491$102,622,842
90$179,634,141$45,494,332$29,761,518$111,750,632
91$197,817,525$47,584,256$30,619,230$121,760,539
92$217,851,227$49,772,199$31,501,289$132,740,643
93$239,923,840$52,062,824$32,408,370$144,787,931
94$264,243,191$54,461,022$33,341,169$158,009,202
95$291,038,299$56,971,915$34,300,402$172,522,062
96$320,561,542$59,600,875$35,286,801$188,456,026
97$353,091,031$62,353,530$36,301,121$205,953,725
98$388,933,243$65,235,780$37,344,135$225,172,244
99$428,425,909$68,253,808$38,416,639$246,284,589
100$471,941,203$71,414,096$39,519,448$269,481,309