Can I retire at age 64 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,095,925
2 years$584,594$573,707$563,155$552,924$543,001$498,828
3 years$385,858$374,924$364,399$354,264$344,502$301,924
4 years$286,510$275,609$265,189$255,227$245,702$205,042
5 years$226,916$216,081$205,797$196,039$186,779$148,142
6 years$187,200$176,446$166,315$156,774$147,792$111,203
7 years$158,843$148,179$138,208$128,893$120,194$85,641
8 years$137,584$127,017$117,212$108,125$99,713$67,162
9 years$121,058$110,591$100,954$92,098$83,972$53,376
10 years$107,846$97,481$88,014$79,390$71,549$42,848
11 years$97,042$86,781$77,486$69,093$61,534$34,664
12 years$88,046$77,890$68,767$60,604$53,324$28,214
13 years$80,440$70,390$61,439$53,504$46,500$23,074
14 years$73,925$63,982$55,203$47,495$40,761$18,943
15 years$68,285$58,449$49,841$42,357$35,890$15,600
16 years$63,354$53,626$45,188$37,926$31,719$12,880
17 years$59,008$49,388$41,120$34,076$28,125$10,655
18 years$55,150$45,636$37,537$30,710$25,007$8,830
19 years$51,701$42,295$34,363$27,749$22,289$7,327
20 years$48,601$39,303$31,537$25,132$19,909$6,088
21 years$45,800$36,609$29,008$22,809$17,817$5,062
22 years$43,257$34,173$26,735$20,738$15,970$4,213
23 years$40,939$31,961$24,685$18,887$14,336$3,508
24 years$38,817$29,946$22,830$17,226$12,885$2,923
25 years$36,868$28,103$21,145$15,732$11,595$2,437
26 years$35,071$26,412$19,611$14,384$10,444$2,032
27 years$33,411$24,857$18,210$13,166$9,416$1,695
28 years$31,872$23,422$16,929$12,063$8,496$1,414
29 years$30,441$22,096$15,754$11,062$7,672$1,180
30 years$29,109$20,868$14,674$10,152$6,932$985
31 years$27,864$19,727$13,680$9,324$6,267$822
32 years$26,700$18,666$12,764$8,569$5,669$686
33 years$25,609$17,677$11,918$7,880$5,131$573
34 years$24,584$16,753$11,135$7,250$4,645$479
35 years$23,620$15,890$10,411$6,674$4,207$400
36 years$22,712$15,082$9,739$6,147$3,812$334
37 years$21,854$14,325$9,115$5,663$3,455$279
38 years$21,044$13,614$8,536$5,220$3,132$233
39 years$20,277$12,945$7,997$4,813$2,840$195
40 years$19,550$12,316$7,496$4,440$2,576$162
41 years$18,861$11,724$7,029$4,096$2,337$136
42 years$18,206$11,165$6,593$3,780$2,121$113
43 years$17,583$10,638$6,187$3,490$1,925$95
44 years$16,990$10,141$5,808$3,222$1,747$79
45 years$16,426$9,670$5,453$2,976$1,586$66
46 years$15,887$9,225$5,122$2,749$1,440$55
47 years$15,373$8,803$4,812$2,539$1,308$46
48 years$14,881$8,404$4,522$2,346$1,188$39
49 years$14,411$8,025$4,250$2,169$1,079$32
50 years$13,962$7,666$3,996$2,004$980$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $14,300,000, adding $3,528 every year, while hoping to spend $56,227 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: 85/6/9 Blend
63$14,300,000$14,300,000$14,300,000$14,300,000
64$15,762,239$15,004,339$14,782,689$17,083,537
65$17,310,162$15,679,727$15,218,084$18,622,364
66$19,014,089$16,386,324$15,666,180$20,304,760
67$20,889,873$17,125,600$16,127,344$22,151,412
68$22,954,982$17,899,096$16,601,951$24,178,815
69$25,228,663$18,708,425$17,090,390$26,405,135
70$27,732,126$19,555,278$17,593,058$28,850,383
71$30,488,743$20,441,425$18,110,365$31,536,601
72$33,524,264$21,368,725$18,642,731$34,488,066
73$36,867,067$22,339,120$19,190,591$37,731,522
74$40,548,420$23,354,650$19,754,388$41,296,429
75$44,602,780$24,417,449$20,334,582$45,215,238
76$49,068,116$25,529,756$20,931,642$49,523,700
77$53,986,265$26,693,915$21,546,053$54,261,198
78$59,403,331$27,912,384$22,178,313$59,471,117
79$65,370,117$29,187,737$22,828,933$65,201,255
80$71,942,607$30,522,674$23,498,440$71,504,271
81$79,182,489$31,920,022$24,187,374$78,438,177
82$87,157,745$33,382,744$24,896,293$86,066,889
83$95,943,283$34,913,947$25,625,767$94,460,825
84$105,621,653$36,516,886$26,376,386$103,697,567
85$116,283,820$38,194,972$27,148,753$113,862,594
86$128,030,024$39,951,779$27,943,490$125,050,084
87$140,970,726$41,791,056$28,761,237$137,363,801
88$155,227,651$43,716,729$29,602,649$150,918,074
89$170,934,937$45,732,914$30,468,403$165,838,872
90$188,240,399$47,843,926$31,359,193$182,264,990
91$207,306,926$50,054,284$32,275,733$200,349,357
92$228,314,019$52,368,730$33,218,756$220,260,478
93$251,459,481$54,792,230$34,189,016$242,184,019
94$276,961,289$57,329,990$35,187,290$266,324,560
95$305,059,649$59,987,469$36,214,373$292,907,519
96$336,019,264$62,770,385$37,271,085$322,181,280
97$370,131,831$65,684,736$38,358,268$354,419,532
98$407,718,795$68,736,806$39,476,787$389,923,849
99$449,134,386$71,933,183$40,627,533$429,026,535
100$494,768,957$75,280,773$41,811,420$472,093,756