Can I retire at age 64 with 13,900,000?

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 $13,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,103,271
2 years$568,242$557,659$547,403$537,458$527,812$522,630
3 years$375,065$364,436$354,206$344,355$334,866$329,795
4 years$278,495$267,899$257,771$248,088$238,829$233,910
5 years$220,569$210,036$200,041$190,555$181,554$176,801
6 years$181,964$171,510$161,663$152,389$143,658$139,076
7 years$154,399$144,034$134,343$125,287$116,832$112,425
8 years$133,736$123,464$113,933$105,100$96,923$92,691
9 years$117,672$107,498$98,131$89,522$81,624$77,565
10 years$104,829$94,754$85,552$77,169$69,547$65,660
11 years$94,328$84,354$75,319$67,160$59,813$56,095
12 years$85,583$75,711$66,844$58,908$51,833$48,281
13 years$78,190$68,421$59,720$52,007$45,199$41,810
14 years$71,858$62,193$53,659$46,166$39,621$36,392
15 years$66,375$56,814$48,447$41,172$34,886$31,811
16 years$61,582$52,126$43,924$36,865$30,832$27,909
17 years$57,358$48,006$39,969$33,123$27,338$24,561
18 years$53,607$44,360$36,487$29,851$24,308$21,673
19 years$50,255$41,112$33,402$26,973$21,666$19,169
20 years$47,242$38,203$30,655$24,429$19,352$16,988
21 years$44,519$35,585$28,196$22,171$17,318$15,082
22 years$42,047$33,217$25,987$20,158$15,523$13,410
23 years$39,794$31,067$23,995$18,359$13,935$11,939
24 years$37,731$29,108$22,191$16,744$12,525$10,643
25 years$35,836$27,317$20,553$15,292$11,270$9,497
26 years$34,090$25,673$19,062$13,982$10,152$8,483
27 years$32,476$24,161$17,701$12,798$9,153$7,583
28 years$30,980$22,767$16,455$11,726$8,259$6,783
29 years$29,590$21,478$15,313$10,753$7,457$6,072
30 years$28,294$20,284$14,264$9,868$6,738$5,438
31 years$27,085$19,175$13,297$9,063$6,092$4,873
32 years$25,954$18,144$12,407$8,329$5,511$4,369
33 years$24,893$17,182$11,584$7,660$4,987$3,918
34 years$23,897$16,285$10,824$7,047$4,515$3,516
35 years$22,960$15,446$10,119$6,488$4,090$3,155
36 years$22,076$14,660$9,466$5,975$3,705$2,833
37 years$21,243$13,924$8,860$5,505$3,358$2,544
38 years$20,455$13,233$8,297$5,074$3,045$2,285
39 years$19,710$12,583$7,774$4,679$2,761$2,053
40 years$19,003$11,972$7,286$4,315$2,504$1,845
41 years$18,333$11,396$6,832$3,981$2,272$1,658
42 years$17,697$10,853$6,409$3,674$2,062$1,490
43 years$17,091$10,341$6,014$3,392$1,871$1,340
44 years$16,515$9,857$5,645$3,132$1,698$1,205
45 years$15,966$9,400$5,301$2,892$1,542$1,083
46 years$15,442$8,967$4,978$2,672$1,400$974
47 years$14,943$8,557$4,677$2,468$1,271$876
48 years$14,465$8,169$4,395$2,281$1,154$788
49 years$14,008$7,801$4,131$2,108$1,048$709
50 years$13,571$7,452$3,884$1,948$952$638

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $13,900,000, adding $6,568 every year, while hoping to spend $27,259 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: 39/35/26 Blend
63$13,900,000$13,900,000$13,900,000$13,900,000
64$15,324,575$14,587,875$14,372,425$15,803,704
65$16,858,678$15,273,677$14,824,898$16,838,755
66$18,548,346$15,992,171$15,291,615$17,954,207
67$20,409,418$16,744,928$15,773,025$19,159,855
68$22,459,348$17,533,598$16,269,590$20,463,930
69$24,717,367$18,359,910$16,781,787$21,875,460
70$27,204,670$19,225,677$17,310,108$23,404,353
71$29,944,611$20,132,800$17,855,061$25,061,479
72$32,962,926$21,083,271$18,417,170$26,858,773
73$36,287,973$22,079,181$18,996,975$28,809,333
74$39,951,005$23,122,719$19,595,032$30,927,547
75$43,986,458$24,216,183$20,211,916$33,229,211
76$48,432,281$25,361,981$20,848,220$35,731,680
77$53,330,294$26,562,637$21,504,555$38,454,017
78$58,726,578$27,820,801$22,181,551$41,417,169
79$64,671,915$29,139,247$22,879,860$44,644,156
80$71,222,267$30,520,886$23,600,152$48,160,278
81$78,439,300$31,968,771$24,343,119$51,993,343
82$86,390,970$33,486,102$25,109,474$56,173,926
83$95,152,162$35,076,235$25,899,955$60,735,640
84$104,805,399$36,742,687$26,715,320$65,715,448
85$115,441,620$38,489,148$27,556,353$71,153,998
86$127,161,036$40,319,487$28,423,862$77,095,997
87$140,074,080$42,237,760$29,318,680$83,590,621
88$154,302,447$44,248,222$30,241,666$90,691,964
89$169,980,244$46,355,331$31,193,709$98,459,538
90$187,255,252$48,563,766$32,175,722$106,958,821
91$206,290,327$50,878,430$33,188,648$116,261,858
92$227,264,934$53,304,467$34,233,461$126,447,930
93$250,376,840$55,847,268$35,311,165$137,604,283
94$275,843,983$58,512,490$36,422,794$149,826,936
95$303,906,529$61,306,061$37,569,417$163,221,574
96$334,829,138$64,234,202$38,752,136$177,904,520
97$368,903,464$67,303,431$39,972,086$194,003,821
98$406,450,906$70,520,588$41,230,440$211,660,434
99$447,825,645$73,892,844$42,528,406$231,029,536
100$493,417,985$77,427,717$43,867,232$252,281,969