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

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 $13,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,083,757
2 years$560,066$549,635$539,526$529,725$520,218$511,447
3 years$369,668$359,193$349,109$339,400$330,048$321,479
4 years$274,488$264,045$254,062$244,518$235,393$227,092
5 years$217,395$207,014$197,163$187,814$178,942$170,933
6 years$179,346$169,043$159,337$150,196$141,591$133,884
7 years$152,178$141,962$132,410$123,484$115,151$107,751
8 years$131,811$121,687$112,294$103,588$95,529$88,435
9 years$115,979$105,951$96,719$88,234$80,449$73,659
10 years$103,321$93,390$84,321$76,059$68,547$62,056
11 years$92,971$83,140$74,235$66,194$58,952$52,757
12 years$84,352$74,622$65,882$58,061$51,087$45,181
13 years$77,065$67,437$58,861$51,259$44,549$38,926
14 years$70,824$61,298$52,887$45,502$39,051$33,705
15 years$65,420$55,997$47,750$40,580$34,384$29,306
16 years$60,696$51,376$43,292$36,335$30,388$25,571
17 years$56,533$47,315$39,394$32,647$26,945$22,380
18 years$52,836$43,721$35,962$29,421$23,958$19,638
19 years$49,532$40,521$32,921$26,584$21,354$17,270
20 years$46,562$37,654$30,214$24,077$19,074$15,216
21 years$43,878$35,073$27,791$21,852$17,069$13,430
22 years$41,442$32,739$25,613$19,868$15,300$11,870
23 years$39,221$30,620$23,649$18,094$13,734$10,505
24 years$37,188$28,689$21,872$16,503$12,345$9,307
25 years$35,321$26,924$20,258$15,072$11,108$8,254
26 years$33,600$25,304$18,788$13,781$10,006$7,326
27 years$32,009$23,814$17,446$12,614$9,021$6,508
28 years$30,534$22,440$16,219$11,557$8,140$5,785
29 years$29,164$21,169$15,093$10,598$7,350$5,145
30 years$27,887$19,992$14,058$9,726$6,641$4,579
31 years$26,695$18,899$13,106$8,933$6,004$4,076
32 years$25,580$17,882$12,228$8,210$5,431$3,631
33 years$24,535$16,935$11,418$7,549$4,915$3,235
34 years$23,553$16,051$10,668$6,946$4,450$2,883
35 years$22,629$15,224$9,974$6,394$4,031$2,570
36 years$21,759$14,449$9,330$5,889$3,652$2,292
37 years$20,937$13,724$8,733$5,426$3,310$2,045
38 years$20,161$13,042$8,178$5,001$3,001$1,824
39 years$19,426$12,402$7,662$4,611$2,721$1,628
40 years$18,730$11,800$7,182$4,253$2,468$1,453
41 years$18,070$11,232$6,734$3,924$2,239$1,297
42 years$17,442$10,697$6,317$3,622$2,032$1,157
43 years$16,845$10,192$5,927$3,343$1,844$1,033
44 years$16,278$9,715$5,564$3,087$1,674$923
45 years$15,736$9,264$5,224$2,851$1,520$824
46 years$15,220$8,838$4,907$2,633$1,380$736
47 years$14,728$8,434$4,610$2,433$1,253$657
48 years$14,257$8,051$4,332$2,248$1,138$587
49 years$13,807$7,689$4,072$2,078$1,033$524
50 years$13,376$7,344$3,828$1,920$939$468

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 $6,350 every year, while hoping to spend $23,802 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: 63/29/8 Blend
63$13,700,000$13,700,000$13,700,000$13,700,000
64$15,103,950$14,377,850$14,165,500$16,030,626
65$16,619,228$15,057,040$14,614,719$17,328,967
66$18,288,266$15,768,712$15,078,189$18,742,596
67$20,126,724$16,514,433$15,556,363$20,285,421
68$22,151,855$17,295,845$16,049,707$21,969,961
69$24,382,674$18,114,672$16,558,702$23,809,979
70$26,840,133$18,972,717$17,083,845$25,820,614
71$29,547,322$19,871,876$17,625,649$28,018,511
72$32,529,684$20,814,132$18,184,643$30,421,985
73$35,815,254$21,801,568$18,761,371$33,051,178
74$39,434,931$22,836,365$19,356,398$35,928,250
75$43,422,760$23,920,814$19,970,304$39,077,583
76$47,816,260$25,057,312$20,603,687$42,526,005
77$52,656,775$26,248,376$21,257,167$46,303,036
78$57,989,865$27,496,646$21,931,381$50,441,161
79$63,865,736$28,804,886$22,626,987$54,976,133
80$70,339,715$30,175,999$23,344,665$59,947,301
81$77,472,769$31,613,026$24,085,114$65,397,976
82$85,332,085$33,119,158$24,849,059$71,375,834
83$93,991,699$34,697,738$25,637,243$77,933,354
84$103,533,199$36,352,274$26,450,438$85,128,311
85$114,046,495$38,086,445$27,289,437$93,024,309
86$125,630,663$39,904,106$28,155,059$101,691,374
87$138,394,886$41,809,303$29,048,149$111,206,609
88$152,459,482$43,806,277$29,969,580$121,654,906
89$167,957,038$45,899,473$30,920,250$133,129,745
90$185,033,667$48,093,558$31,901,089$145,734,059
91$203,850,378$50,393,420$32,913,053$159,581,200
92$224,584,608$52,804,189$33,957,131$174,795,996
93$247,431,886$55,331,242$35,034,343$191,515,916
94$272,607,686$57,980,220$36,145,741$209,892,357
95$300,349,456$60,757,037$37,292,410$230,092,059
96$330,918,864$63,667,895$38,475,469$252,298,668
97$364,604,265$66,719,299$39,696,074$276,714,451
98$401,723,425$69,918,070$40,955,417$303,562,194
99$442,626,519$73,271,360$42,254,728$333,087,288
100$487,699,439$76,786,671$43,595,277$365,560,028