Can I retire at age 64 with 13,800,000?

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 $13,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,139,591$1,129,440$1,119,537$1,109,870$1,100,431$1,062,656
2 years$564,154$553,647$543,464$533,591$524,015$486,341
3 years$372,367$361,815$351,657$341,877$332,457$296,068
4 years$276,492$265,972$255,917$246,303$237,111$202,286
5 years$218,982$208,525$198,602$189,185$180,248$147,079
6 years$180,655$170,277$160,500$151,292$142,624$111,136
7 years$153,289$142,998$133,376$124,386$115,992$86,180
8 years$132,774$122,576$113,113$104,344$96,226$68,067
9 years$116,826$106,724$97,425$88,878$81,036$54,495
10 years$104,075$94,072$84,937$76,614$69,047$44,080
11 years$93,649$83,747$74,777$66,677$59,383$35,940
12 years$84,967$75,167$66,363$58,485$51,460$29,488
13 years$77,627$67,929$59,291$51,633$44,874$24,315
14 years$71,341$61,745$53,273$45,834$39,336$20,130
15 years$65,897$56,405$48,098$40,876$34,635$16,720
16 years$61,139$51,751$43,608$36,600$30,610$13,925
17 years$56,945$47,661$39,682$32,885$27,141$11,622
18 years$53,221$44,041$36,224$29,636$24,133$9,718
19 years$49,893$40,816$33,162$26,779$21,510$8,138
20 years$46,902$37,929$30,434$24,253$19,213$6,824
21 years$44,199$35,329$27,994$22,011$17,194$5,727
22 years$41,745$32,978$25,800$20,013$15,412$4,811
23 years$39,507$30,844$23,822$18,226$13,834$4,045
24 years$37,460$28,899$22,031$16,624$12,435$3,402
25 years$35,579$27,120$20,405$15,182$11,189$2,863
26 years$33,845$25,489$18,925$13,881$10,079$2,411
27 years$32,243$23,988$17,574$12,706$9,087$2,031
28 years$30,757$22,603$16,337$11,641$8,199$1,711
29 years$29,377$21,324$15,203$10,675$7,404$1,442
30 years$28,091$20,138$14,161$9,797$6,690$1,215
31 years$26,890$19,037$13,202$8,998$6,048$1,025
32 years$25,767$18,013$12,318$8,269$5,471$864
33 years$24,714$17,059$11,501$7,604$4,951$729
34 years$23,725$16,168$10,746$6,997$4,483$614
35 years$22,794$15,335$10,047$6,441$4,060$518
36 years$21,918$14,555$9,398$5,932$3,679$437
37 years$21,090$13,824$8,797$5,465$3,334$369
38 years$20,308$13,138$8,238$5,038$3,023$311
39 years$19,568$12,493$7,718$4,645$2,741$262
40 years$18,867$11,886$7,234$4,284$2,486$221
41 years$18,201$11,314$6,783$3,953$2,256$187
42 years$17,569$10,775$6,363$3,648$2,047$158
43 years$16,968$10,266$5,971$3,367$1,858$133
44 years$16,396$9,786$5,604$3,109$1,686$112
45 years$15,851$9,332$5,262$2,872$1,531$95
46 years$15,331$8,902$4,943$2,652$1,390$80
47 years$14,835$8,496$4,643$2,451$1,262$67
48 years$14,361$8,110$4,364$2,264$1,146$57
49 years$13,908$7,745$4,101$2,093$1,041$48
50 years$13,474$7,398$3,856$1,934$945$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $13,800,000, adding $2,127 every year, while hoping to spend $55,282 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: 29/45/26 Blend
63$13,800,000$13,800,000$13,800,000$13,800,000
64$15,209,794$14,478,394$14,264,494$15,528,152
65$16,702,373$15,129,016$14,683,535$16,428,558
66$18,345,343$15,809,665$15,114,761$17,390,905
67$20,153,984$16,521,755$15,558,522$18,424,411
68$22,145,136$17,266,766$16,015,177$19,535,253
69$24,337,351$18,046,249$16,485,097$20,730,191
70$26,751,075$18,861,829$16,968,662$22,016,629
71$29,408,835$19,715,209$17,466,262$23,402,674
72$32,335,455$20,608,173$17,978,301$24,897,212
73$35,558,288$21,542,590$18,505,191$26,509,976
74$39,107,475$22,520,419$19,047,356$28,251,638
75$43,016,230$23,543,712$19,605,235$30,133,899
76$47,321,151$24,614,620$20,179,277$32,169,591
77$52,062,569$25,735,396$20,769,943$34,372,790
78$57,284,923$26,908,402$21,377,707$36,758,942
79$63,037,184$28,136,113$22,003,059$39,344,996
80$69,373,315$29,421,121$22,646,500$42,149,557
81$76,352,781$30,766,144$23,308,546$45,193,049
82$84,041,110$32,174,030$23,989,728$48,497,902
83$92,510,509$33,647,764$24,690,589$52,088,746
84$101,840,549$35,190,472$25,411,692$55,992,639
85$112,118,912$36,805,433$26,153,612$60,239,303
86$123,442,224$38,496,082$26,916,940$64,861,400
87$135,916,960$40,266,019$27,702,286$69,894,819
88$149,660,453$42,119,017$28,510,276$75,379,009
89$164,802,001$44,059,030$29,341,552$81,357,329
90$181,484,087$46,090,205$30,196,776$87,877,448
91$199,863,722$48,216,883$31,076,627$94,991,778
92$220,113,931$50,443,619$31,981,803$102,757,950
93$242,425,380$52,775,185$32,913,021$111,239,345
94$267,008,182$55,216,582$33,871,020$120,505,668
95$294,093,874$57,773,052$34,856,558$130,633,595
96$323,937,610$60,450,092$35,870,413$141,707,469
97$356,820,560$63,253,461$36,913,386$153,820,082
98$393,052,573$66,189,197$37,986,300$167,073,527
99$432,975,095$69,263,627$39,090,001$181,580,138
100$476,964,396$72,483,386$40,225,357$197,463,528