Can I retire at age 64 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,120,517
2 years$588,682$577,719$567,093$556,791$546,798$518,998
3 years$388,557$377,546$366,947$356,741$346,911$319,939
4 years$288,513$277,536$267,043$257,012$247,420$221,484
5 years$228,503$217,592$207,237$197,410$188,085$163,256
6 years$188,509$177,680$167,478$157,870$148,825$125,130
7 years$159,953$149,215$139,175$129,794$121,035$98,475
8 years$138,546$127,905$118,031$108,881$100,410$78,977
9 years$121,905$111,364$101,660$92,742$84,560$64,236
10 years$108,600$98,162$88,630$79,945$72,049$52,811
11 years$97,721$87,388$78,028$69,576$61,965$43,786
12 years$88,662$78,435$69,248$61,027$53,697$36,547
13 years$81,002$70,882$61,869$53,878$46,825$30,670
14 years$74,442$64,430$55,589$47,827$41,047$25,852
15 years$68,762$58,858$50,190$42,653$36,141$21,870
16 years$63,797$54,001$45,504$38,191$31,941$18,557
17 years$59,421$49,733$41,407$34,315$28,321$15,786
18 years$55,535$45,955$37,799$30,924$25,182$13,457
19 years$52,063$42,591$34,603$27,943$22,445$11,491
20 years$48,941$39,578$31,757$25,308$20,048$9,828
21 years$46,120$36,865$29,211$22,968$17,941$8,416
22 years$43,560$34,412$26,922$20,883$16,082$7,215
23 years$41,225$32,185$24,858$19,019$14,436$6,191
24 years$39,088$30,155$22,989$17,346$12,975$5,316
25 years$37,125$28,299$21,293$15,842$11,676$4,568
26 years$35,316$26,597$19,748$14,485$10,517$3,927
27 years$33,644$25,031$18,338$13,258$9,482$3,378
28 years$32,094$23,586$17,047$12,147$8,556$2,907
29 years$30,654$22,251$15,864$11,139$7,726$2,503
30 years$29,312$21,014$14,777$10,223$6,981$2,155
31 years$28,059$19,865$13,776$9,389$6,311$1,857
32 years$26,887$18,796$12,853$8,629$5,709$1,600
33 years$25,788$17,800$12,001$7,935$5,167$1,379
34 years$24,756$16,871$11,213$7,301$4,678$1,188
35 years$23,785$16,002$10,483$6,721$4,237$1,024
36 years$22,871$15,188$9,807$6,190$3,839$883
37 years$22,007$14,425$9,179$5,703$3,479$761
38 years$21,191$13,709$8,596$5,257$3,154$657
39 years$20,419$13,036$8,053$4,847$2,860$566
40 years$19,687$12,402$7,548$4,471$2,594$488
41 years$18,993$11,806$7,078$4,125$2,354$421
42 years$18,333$11,244$6,639$3,807$2,136$363
43 years$17,706$10,713$6,230$3,514$1,938$313
44 years$17,109$10,212$5,848$3,245$1,759$270
45 years$16,540$9,738$5,491$2,996$1,597$233
46 years$15,998$9,289$5,157$2,768$1,450$201
47 years$15,480$8,865$4,845$2,557$1,317$174
48 years$14,985$8,463$4,553$2,363$1,196$150
49 years$14,512$8,081$4,280$2,184$1,086$129
50 years$14,059$7,720$4,024$2,018$987$111

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $14,400,000, adding $4,414 every year, while hoping to spend $38,481 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: 56/25/19 Blend
63$14,400,000$14,400,000$14,400,000$14,400,000
64$15,873,353$15,110,153$14,886,953$16,681,333
65$17,451,492$15,809,607$15,344,722$17,932,001
66$19,189,310$16,542,045$15,816,537$19,289,271
67$21,103,057$17,309,041$16,302,828$20,767,018
68$23,210,633$18,112,248$16,804,037$22,376,811
69$25,531,766$18,953,397$17,320,621$24,131,366
70$28,088,195$19,834,302$17,853,050$26,044,668
71$30,903,873$20,756,866$18,401,810$28,132,093
72$34,005,197$21,723,081$18,967,400$30,410,552
73$37,421,254$22,735,039$19,550,334$32,898,644
74$41,184,096$23,794,930$20,151,144$35,616,828
75$45,329,042$24,905,050$20,770,376$38,587,611
76$49,895,015$26,067,808$21,408,594$41,835,754
77$54,924,902$27,285,726$22,066,378$45,388,501
78$60,465,967$28,561,452$22,744,326$49,275,828
79$66,570,290$29,897,757$23,443,056$53,530,727
80$73,295,263$31,297,551$24,163,202$58,189,500
81$80,704,130$32,763,881$24,905,419$63,292,106
82$88,866,583$34,299,943$25,670,382$68,882,524
83$97,859,421$35,909,086$26,458,787$75,009,163
84$107,767,274$37,594,824$27,271,349$81,725,311
85$118,683,404$39,360,838$28,108,806$89,089,634
86$130,710,581$41,210,989$28,971,921$97,166,714
87$143,962,056$43,149,323$29,861,476$106,027,657
88$158,562,629$45,180,084$30,778,279$115,750,752
89$174,649,830$47,307,720$31,723,164$126,422,199
90$192,375,210$49,536,895$32,696,987$138,136,917
91$211,905,778$51,872,500$33,700,633$150,999,427
92$233,425,575$54,319,661$34,735,012$165,124,826
93$257,137,412$56,883,752$35,801,063$180,639,869
94$283,264,783$59,570,411$36,899,754$197,684,146
95$312,053,975$62,385,546$38,032,080$216,411,391
96$343,776,395$65,335,352$39,199,069$236,990,921
97$378,731,129$68,426,326$40,401,780$259,609,219
98$417,247,766$71,665,277$41,641,301$284,471,683
99$459,689,511$75,059,349$42,918,757$311,804,548
100$506,456,611$78,616,027$44,235,306$341,857,004