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%15.4%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,107,204
2 years$580,506$569,695$559,217$549,058$539,204$514,022
3 years$383,160$372,302$361,850$351,787$342,093$317,640
4 years$284,506$273,681$263,334$253,443$243,984$220,448
5 years$225,329$214,569$204,358$194,668$185,472$162,920
6 years$185,891$175,212$165,152$155,678$146,758$125,213
7 years$157,732$147,143$137,242$127,991$119,354$98,819
8 years$136,622$126,129$116,392$107,369$99,015$79,485
9 years$120,212$109,818$100,248$91,454$83,385$64,844
10 years$107,092$96,799$87,399$78,834$71,048$53,476
11 years$96,364$86,174$76,945$68,610$61,104$44,478
12 years$87,430$77,345$68,286$60,180$52,951$37,246
13 years$79,877$69,898$61,009$53,130$46,175$31,362
14 years$73,408$63,535$54,817$47,163$40,476$26,525
15 years$67,807$58,040$49,493$42,061$35,639$22,518
16 years$62,911$53,251$44,872$37,661$31,498$19,175
17 years$58,596$49,042$40,832$33,838$27,928$16,371
18 years$54,764$45,317$37,274$30,495$24,832$14,006
19 years$51,339$41,999$34,123$27,555$22,133$12,006
20 years$48,261$39,028$31,316$24,956$19,770$10,307
21 years$45,480$36,353$28,805$22,649$17,692$8,860
22 years$42,955$33,934$26,548$20,593$15,858$7,625
23 years$40,653$31,738$24,513$18,755$14,235$6,568
24 years$38,545$29,736$22,670$17,105$12,795$5,662
25 years$36,610$27,906$20,997$15,622$11,514$4,885
26 years$34,826$26,227$19,474$14,284$10,371$4,217
27 years$33,177$24,683$18,083$13,074$9,350$3,642
28 years$31,649$23,259$16,810$11,979$8,437$3,147
29 years$30,228$21,942$15,644$10,985$7,618$2,721
30 years$28,905$20,722$14,571$10,081$6,884$2,352
31 years$27,670$19,589$13,584$9,259$6,224$2,035
32 years$26,514$18,535$12,675$8,509$5,630$1,760
33 years$25,430$17,553$11,834$7,825$5,095$1,523
34 years$24,412$16,636$11,057$7,200$4,613$1,319
35 years$23,455$15,779$10,338$6,628$4,178$1,141
36 years$22,553$14,977$9,671$6,104$3,785$988
37 years$21,701$14,225$9,052$5,624$3,431$856
38 years$20,897$13,518$8,476$5,184$3,110$741
39 years$20,135$12,855$7,942$4,780$2,821$642
40 years$19,414$12,230$7,444$4,408$2,558$556
41 years$18,729$11,642$6,980$4,067$2,321$481
42 years$18,079$11,087$6,547$3,754$2,106$417
43 years$17,460$10,564$6,144$3,465$1,911$361
44 years$16,872$10,070$5,767$3,199$1,735$313
45 years$16,311$9,602$5,415$2,955$1,575$271
46 years$15,776$9,160$5,086$2,729$1,430$235
47 years$15,265$8,742$4,778$2,522$1,299$204
48 years$14,777$8,345$4,490$2,330$1,179$176
49 years$14,311$7,969$4,220$2,153$1,071$153
50 years$13,864$7,612$3,968$1,990$973$132

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 $5,956 every year, while hoping to spend $34,542 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: 53/28/19 Blend
63$14,200,000$14,200,000$14,200,000$14,200,000
64$15,654,544$14,901,944$14,681,844$16,402,736
65$17,214,555$15,595,386$15,136,933$17,610,099
66$18,932,529$16,321,650$15,606,110$18,919,033
67$20,824,543$17,082,307$16,089,810$20,342,573
68$22,908,310$17,879,004$16,588,483$21,891,637
69$25,203,351$18,713,468$17,102,591$23,578,224
70$27,731,176$19,587,511$17,632,610$25,415,524
71$30,515,486$20,503,030$18,179,033$27,418,033
72$33,582,402$21,462,015$18,742,367$29,601,692
73$36,960,705$22,466,551$19,323,135$31,984,025
74$40,682,111$23,518,827$19,921,874$34,584,305
75$44,781,571$24,621,133$20,539,140$37,423,727
76$49,297,596$25,775,874$21,175,507$40,525,605
77$54,272,627$26,985,568$21,831,563$43,915,580
78$59,753,432$28,252,858$22,507,917$47,621,865
79$65,791,547$29,580,512$23,205,197$51,675,494
80$72,443,762$30,971,435$23,924,048$56,110,618
81$79,772,660$32,428,669$24,665,138$60,964,814
82$87,847,203$33,955,406$25,429,152$66,279,432
83$96,743,389$35,554,992$26,216,800$72,099,980
84$106,544,962$37,230,934$27,028,810$78,476,545
85$117,344,209$38,986,910$27,865,936$85,464,256
86$129,242,826$40,826,777$28,728,953$93,123,794
87$142,352,882$42,754,577$29,618,660$101,521,958
88$156,797,873$44,774,548$30,535,882$110,732,286
89$172,713,891$46,891,135$31,481,469$120,835,734
90$190,250,905$49,108,998$32,456,296$131,921,436
91$209,574,181$51,433,023$33,461,265$144,087,528
92$230,865,838$53,868,332$34,497,308$157,442,067
93$254,326,569$56,420,296$35,565,384$172,104,036
94$280,177,537$59,094,548$36,666,482$188,204,455
95$308,662,457$61,896,992$37,801,620$205,887,604
96$340,049,903$64,833,821$38,971,850$225,312,371
97$374,635,842$67,911,526$40,178,256$246,653,738
98$412,746,422$71,136,915$41,421,952$270,104,415
99$454,741,060$74,517,127$42,704,090$295,876,645
100$501,015,828$78,059,646$44,025,857$324,204,190