Can I retire at age 64 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,093,894
2 years$580,506$569,695$559,217$549,058$539,204$500,867
3 years$383,160$372,302$361,850$351,787$342,093$305,058
4 years$284,506$273,681$263,334$253,443$243,984$208,533
5 years$225,329$214,569$204,358$194,668$185,472$151,701
6 years$185,891$175,212$165,152$155,678$146,758$114,692
7 years$157,732$147,143$137,242$127,991$119,354$88,988
8 years$136,622$126,129$116,392$107,369$99,015$70,327
9 years$120,212$109,818$100,248$91,454$83,385$56,339
10 years$107,092$96,799$87,399$78,834$71,048$45,600
11 years$96,364$86,174$76,945$68,610$61,104$37,203
12 years$87,430$77,345$68,286$60,180$52,951$30,544
13 years$79,877$69,898$61,009$53,130$46,175$25,203
14 years$73,408$63,535$54,817$47,163$40,476$20,880
15 years$67,807$58,040$49,493$42,061$35,639$17,356
16 years$62,911$53,251$44,872$37,661$31,498$14,465
17 years$58,596$49,042$40,832$33,838$27,928$12,082
18 years$54,764$45,317$37,274$30,495$24,832$10,110
19 years$51,339$41,999$34,123$27,555$22,133$8,473
20 years$48,261$39,028$31,316$24,956$19,770$7,109
21 years$45,480$36,353$28,805$22,649$17,692$5,972
22 years$42,955$33,934$26,548$20,593$15,858$5,021
23 years$40,653$31,738$24,513$18,755$14,235$4,224
24 years$38,545$29,736$22,670$17,105$12,795$3,556
25 years$36,610$27,906$20,997$15,622$11,514$2,995
26 years$34,826$26,227$19,474$14,284$10,371$2,524
27 years$33,177$24,683$18,083$13,074$9,350$2,127
28 years$31,649$23,259$16,810$11,979$8,437$1,794
29 years$30,228$21,942$15,644$10,985$7,618$1,513
30 years$28,905$20,722$14,571$10,081$6,884$1,276
31 years$27,670$19,589$13,584$9,259$6,224$1,077
32 years$26,514$18,535$12,675$8,509$5,630$909
33 years$25,430$17,553$11,834$7,825$5,095$767
34 years$24,412$16,636$11,057$7,200$4,613$647
35 years$23,455$15,779$10,338$6,628$4,178$547
36 years$22,553$14,977$9,671$6,104$3,785$461
37 years$21,701$14,225$9,052$5,624$3,431$390
38 years$20,897$13,518$8,476$5,184$3,110$329
39 years$20,135$12,855$7,942$4,780$2,821$278
40 years$19,414$12,230$7,444$4,408$2,558$235
41 years$18,729$11,642$6,980$4,067$2,321$198
42 years$18,079$11,087$6,547$3,754$2,106$167
43 years$17,460$10,564$6,144$3,465$1,911$141
44 years$16,872$10,070$5,767$3,199$1,735$119
45 years$16,311$9,602$5,415$2,955$1,575$101
46 years$15,776$9,160$5,086$2,729$1,430$85
47 years$15,265$8,742$4,778$2,522$1,299$72
48 years$14,777$8,345$4,490$2,330$1,179$61
49 years$14,311$7,969$4,220$2,153$1,071$51
50 years$13,864$7,612$3,968$1,990$973$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $14,200,000, adding $5,924 every year, while hoping to spend $43,479 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: 53/36/11 Blend
63$14,200,000$14,200,000$14,200,000$14,200,000
64$15,654,511$14,901,911$14,681,811$16,439,372
65$17,205,009$15,585,843$15,127,390$17,657,840
66$18,912,202$16,301,831$15,586,439$18,977,625
67$20,792,025$17,051,399$16,059,363$20,412,499
68$22,862,039$17,836,145$16,546,579$21,973,370
69$25,141,596$18,657,745$17,048,518$23,672,220
70$27,652,017$19,517,953$17,565,623$25,522,217
71$30,416,800$20,418,610$18,098,348$27,537,831
72$33,461,835$21,361,644$18,647,165$29,734,967
73$36,815,654$22,349,075$19,212,556$32,131,105
74$40,509,694$23,383,024$19,795,020$34,745,464
75$44,578,600$24,465,709$20,395,071$37,599,177
76$49,060,548$25,599,459$21,013,236$40,715,478
77$53,997,604$26,786,713$21,650,060$44,119,922
78$59,436,126$28,030,028$22,306,103$47,840,612
79$65,427,196$29,332,085$22,981,943$51,908,463
80$72,027,106$30,695,693$23,678,174$56,357,479
81$79,297,886$32,123,797$24,395,408$61,225,074
82$87,307,893$33,619,485$25,134,276$66,552,409
83$96,132,451$35,185,993$25,895,427$72,384,774
84$105,854,567$36,826,713$26,679,530$78,772,007
85$116,565,712$38,545,201$27,487,274$85,768,955
86$128,366,684$40,345,186$28,319,367$93,435,978
87$141,368,561$42,230,575$29,176,541$101,839,510
88$155,693,746$44,205,464$30,059,546$111,052,677
89$171,477,126$46,274,150$30,969,159$121,155,970
90$188,867,343$48,441,134$31,906,176$132,237,996
91$208,028,198$50,711,135$32,871,419$144,396,300
92$229,140,196$53,089,103$33,865,734$157,738,275
93$252,402,252$55,580,225$34,889,991$172,382,155
94$278,033,564$58,189,939$35,945,089$188,458,122
95$306,275,689$60,923,947$37,031,950$206,109,518
96$337,394,815$63,788,226$38,151,527$225,494,179
97$371,684,280$66,789,043$39,304,797$246,785,910
98$409,467,340$69,932,970$40,492,771$270,176,107
99$451,100,217$73,226,893$41,716,487$295,875,546
100$496,975,464$76,678,036$42,977,014$324,116,351