Can I retire at age 64 with 14,100,000?

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 $14,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,106,183
2 years$576,418$565,683$555,279$545,191$535,407$517,149
3 years$380,462$369,680$359,302$349,309$339,684$321,909
4 years$282,503$271,754$261,480$251,658$242,265$225,110
5 years$223,742$213,058$202,919$193,297$184,166$167,679
6 years$184,582$173,978$163,989$154,581$145,725$129,925
7 years$156,621$146,107$136,275$127,090$118,513$103,406
8 years$135,660$125,240$115,572$106,613$98,318$83,901
9 years$119,365$109,044$99,543$90,810$82,798$69,063
10 years$106,337$96,117$86,783$78,279$70,548$57,484
11 years$95,685$85,567$76,403$68,126$60,674$48,267
12 years$86,815$76,801$67,805$59,756$52,579$40,813
13 years$79,315$69,405$60,580$52,756$45,849$34,708
14 years$72,892$63,088$54,431$46,831$40,191$29,655
15 years$67,330$57,632$49,144$41,765$35,388$25,438
16 years$62,468$52,876$44,556$37,396$31,276$21,891
17 years$58,183$48,697$40,544$33,600$27,731$18,891
18 years$54,378$44,998$37,012$30,280$24,657$16,341
19 years$50,978$41,704$33,883$27,361$21,978$14,163
20 years$47,921$38,753$31,096$24,780$19,631$12,296
21 years$45,160$36,097$28,602$22,490$17,567$10,691
22 years$42,652$33,695$26,361$20,448$15,747$9,308
23 years$40,366$31,514$24,340$18,623$14,135$8,112
24 years$38,274$29,527$22,510$16,985$12,705$7,076
25 years$36,352$27,710$20,849$15,512$11,433$6,178
26 years$34,581$26,043$19,336$14,183$10,298$5,398
27 years$32,943$24,509$17,956$12,982$9,285$4,719
28 years$31,426$23,095$16,692$11,894$8,378$4,127
29 years$30,015$21,787$15,533$10,907$7,565$3,612
30 years$28,702$20,576$14,469$10,010$6,835$3,162
31 years$27,475$19,451$13,489$9,194$6,180$2,769
32 years$26,327$18,405$12,585$8,449$5,590$2,426
33 years$25,251$17,429$11,751$7,770$5,059$2,126
34 years$24,241$16,519$10,979$7,149$4,580$1,863
35 years$23,290$15,668$10,265$6,581$4,149$1,633
36 years$22,394$14,871$9,603$6,061$3,759$1,432
37 years$21,549$14,124$8,988$5,584$3,407$1,256
38 years$20,750$13,423$8,417$5,147$3,089$1,102
39 years$19,993$12,764$7,886$4,746$2,801$966
40 years$19,277$12,144$7,391$4,377$2,540$848
41 years$18,597$11,560$6,931$4,039$2,305$744
42 years$17,951$11,009$6,501$3,727$2,091$653
43 years$17,337$10,490$6,100$3,441$1,898$573
44 years$16,753$9,999$5,726$3,177$1,723$503
45 years$16,196$9,535$5,377$2,934$1,564$441
46 years$15,665$9,096$5,050$2,710$1,420$387
47 years$15,158$8,680$4,744$2,504$1,289$340
48 years$14,673$8,286$4,458$2,314$1,171$298
49 years$14,210$7,913$4,191$2,138$1,064$262
50 years$13,767$7,559$3,940$1,976$966$230

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $14,100,000, adding $4,549 every year, while hoping to spend $48,511 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: 58/24/18 Blend
63$14,100,000$14,100,000$14,100,000$14,100,000
64$15,542,892$14,795,592$14,577,042$16,370,739
65$17,076,652$15,468,961$15,013,758$17,606,160
66$18,765,229$16,173,699$15,463,478$18,946,642
67$20,624,364$16,911,292$15,926,586$20,406,904
68$22,671,401$17,683,297$16,403,478$21,998,498
69$24,925,452$18,491,346$16,894,562$23,734,125
70$27,407,574$19,337,148$17,400,257$25,627,753
71$30,140,975$20,222,497$17,920,993$27,694,748
72$33,151,224$21,149,269$18,457,216$29,952,007
73$36,466,499$22,119,433$19,009,383$32,418,121
74$40,117,847$23,135,051$19,577,963$35,113,543
75$44,139,484$24,198,285$20,163,441$38,060,774
76$48,569,111$25,311,400$20,766,316$41,284,575
77$53,448,273$26,476,771$21,387,100$44,812,195
78$58,822,750$27,696,886$22,026,321$48,673,618
79$64,742,991$28,974,354$22,684,523$52,901,847
80$71,264,586$30,311,908$23,362,265$57,533,205
81$78,448,795$31,712,413$24,060,122$62,607,677
82$86,363,123$33,178,872$24,778,687$68,169,275
83$95,081,958$34,714,432$25,518,569$74,266,451
84$104,687,273$36,322,394$26,280,396$80,952,545
85$115,269,398$38,006,216$27,064,813$88,286,286
86$126,927,878$39,769,521$27,872,485$96,332,333
87$139,772,403$41,616,109$28,704,095$105,161,882
88$153,923,854$43,549,964$29,560,348$114,853,326
89$169,515,434$45,575,260$30,441,967$125,492,992
90$186,693,933$47,696,372$31,349,698$137,175,942
91$205,621,109$49,917,889$32,284,307$150,006,861
92$226,475,215$52,244,618$33,246,584$164,101,042
93$249,452,684$54,681,601$34,237,341$179,585,455
94$274,769,979$57,234,122$35,257,414$196,599,942
95$302,665,642$59,907,719$36,307,663$215,298,525
96$333,402,541$62,708,200$37,388,972$235,850,843
97$367,270,350$65,641,652$38,502,253$258,443,749
98$404,588,290$68,714,457$39,648,443$283,283,056
99$445,708,135$71,933,305$40,828,505$310,595,468
100$491,017,537$75,305,209$42,043,432$340,630,708