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

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 $13,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,139,591$1,129,440$1,119,537$1,109,870$1,100,431$1,065,206
2 years$564,154$553,647$543,464$533,591$524,015$488,851
3 years$372,367$361,815$351,657$341,877$332,457$298,457
4 years$276,492$265,972$255,917$246,303$237,111$204,537
5 years$218,982$208,525$198,602$189,185$180,248$149,186
6 years$180,655$170,277$160,500$151,292$142,624$113,101
7 years$153,289$142,998$133,376$124,386$115,992$88,004
8 years$132,774$122,576$113,113$104,344$96,226$69,755
9 years$116,826$106,724$97,425$88,878$81,036$56,051
10 years$104,075$94,072$84,937$76,614$69,047$45,510
11 years$93,649$83,747$74,777$66,677$59,383$37,251
12 years$84,967$75,167$66,363$58,485$51,460$30,685
13 years$77,627$67,929$59,291$51,633$44,874$25,406
14 years$71,341$61,745$53,273$45,834$39,336$21,121
15 years$65,897$56,405$48,098$40,876$34,635$17,618
16 years$61,139$51,751$43,608$36,600$30,610$14,737
17 years$56,945$47,661$39,682$32,885$27,141$12,354
18 years$53,221$44,041$36,224$29,636$24,133$10,377
19 years$49,893$40,816$33,162$26,779$21,510$8,729
20 years$46,902$37,929$30,434$24,253$19,213$7,353
21 years$44,199$35,329$27,994$22,011$17,194$6,200
22 years$41,745$32,978$25,800$20,013$15,412$5,233
23 years$39,507$30,844$23,822$18,226$13,834$4,420
24 years$37,460$28,899$22,031$16,624$12,435$3,736
25 years$35,579$27,120$20,405$15,182$11,189$3,159
26 years$33,845$25,489$18,925$13,881$10,079$2,673
27 years$32,243$23,988$17,574$12,706$9,087$2,262
28 years$30,757$22,603$16,337$11,641$8,199$1,915
29 years$29,377$21,324$15,203$10,675$7,404$1,622
30 years$28,091$20,138$14,161$9,797$6,690$1,374
31 years$26,890$19,037$13,202$8,998$6,048$1,164
32 years$25,767$18,013$12,318$8,269$5,471$986
33 years$24,714$17,059$11,501$7,604$4,951$836
34 years$23,725$16,168$10,746$6,997$4,483$709
35 years$22,794$15,335$10,047$6,441$4,060$601
36 years$21,918$14,555$9,398$5,932$3,679$509
37 years$21,090$13,824$8,797$5,465$3,334$432
38 years$20,308$13,138$8,238$5,038$3,023$366
39 years$19,568$12,493$7,718$4,645$2,741$310
40 years$18,867$11,886$7,234$4,284$2,486$263
41 years$18,201$11,314$6,783$3,953$2,256$223
42 years$17,569$10,775$6,363$3,648$2,047$189
43 years$16,968$10,266$5,971$3,367$1,858$161
44 years$16,396$9,786$5,604$3,109$1,686$136
45 years$15,851$9,332$5,262$2,872$1,531$115
46 years$15,331$8,902$4,943$2,652$1,390$98
47 years$14,835$8,496$4,643$2,451$1,262$83
48 years$14,361$8,110$4,364$2,264$1,146$70
49 years$13,908$7,745$4,101$2,093$1,041$60
50 years$13,474$7,398$3,856$1,934$945$51

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 $6,121 every year, while hoping to spend $42,982 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: 58/26/16 Blend
63$13,800,000$13,800,000$13,800,000$13,800,000
64$15,213,914$14,482,514$14,268,614$16,033,056
65$16,720,001$15,146,424$14,700,880$17,252,262
66$18,378,267$15,841,426$15,146,186$18,575,462
67$20,204,192$16,568,997$15,604,924$20,016,929
68$22,214,827$17,330,686$16,077,498$21,588,053
69$24,428,967$18,128,117$16,564,321$23,301,357
70$26,867,318$18,962,991$17,065,822$25,170,611
71$29,552,698$19,837,092$17,582,441$27,210,960
72$32,510,253$20,752,288$18,114,632$29,439,058
73$35,767,687$21,710,539$18,662,861$31,873,226
74$39,355,534$22,713,898$19,227,610$34,533,620
75$43,307,437$23,764,518$19,809,373$37,442,412
76$47,660,470$24,864,653$20,408,661$40,623,997
77$52,455,485$26,016,669$21,025,999$44,105,220
78$57,737,503$27,223,043$21,661,927$47,915,619
79$63,556,129$28,486,374$22,317,004$52,087,703
80$69,966,033$29,809,384$22,991,801$56,657,251
81$77,027,452$31,194,928$23,686,910$61,663,642
82$84,806,770$32,645,997$24,402,940$67,150,221
83$93,377,137$34,165,728$25,140,515$73,164,702
84$102,819,165$35,757,408$25,900,282$79,759,613
85$113,221,682$37,424,484$26,682,904$86,992,779
86$124,682,578$39,170,568$27,489,065$94,927,866
87$137,309,722$40,999,446$28,319,470$103,634,969
88$151,221,984$42,915,090$29,174,843$113,191,268
89$166,550,357$44,921,660$30,055,931$123,681,747
90$183,439,192$47,023,520$30,963,503$135,199,986
91$202,047,560$49,225,243$31,898,351$147,849,037
92$222,550,756$51,531,624$32,861,290$161,742,382
93$245,141,948$53,947,689$33,853,159$177,004,999
94$270,034,010$56,478,709$34,874,823$193,774,527
95$297,461,521$59,130,207$35,927,171$212,202,554
96$327,682,985$61,907,976$37,011,120$232,456,038
97$360,983,270$64,818,088$38,127,614$254,718,867
98$397,676,299$67,866,910$39,277,623$279,193,584
99$438,108,007$71,061,114$40,462,150$306,103,285
100$482,659,615$74,407,699$41,682,223$335,693,709