Can I retire at age 64 with 14,500,000?

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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,126,927
2 years$592,771$581,731$571,031$560,658$550,595$521,243
3 years$391,255$380,167$369,495$359,219$349,320$320,857
4 years$290,517$279,463$268,898$258,797$249,138$221,782
5 years$230,090$219,103$208,676$198,781$189,391$163,219
6 years$189,818$178,914$168,641$158,967$149,859$124,896
7 years$161,064$150,252$140,141$130,695$121,875$98,125
8 years$139,508$128,793$118,851$109,637$101,107$78,558
9 years$122,752$112,138$102,366$93,386$85,147$63,780
10 years$109,354$98,844$89,245$80,500$72,549$52,339
11 years$98,400$87,995$78,570$70,059$62,395$43,311
12 years$89,277$78,980$69,729$61,451$54,070$36,079
13 years$81,565$71,374$62,298$54,252$47,150$30,217
14 years$74,959$64,877$55,975$48,159$41,332$25,418
15 years$69,240$59,267$50,538$42,949$36,392$21,458
16 years$64,240$54,376$45,820$38,457$32,163$18,168
17 years$59,834$50,078$41,695$34,553$28,518$15,421
18 years$55,921$46,275$38,062$31,139$25,357$13,117
19 years$52,424$42,887$34,844$28,137$22,601$11,176
20 years$49,281$39,852$31,978$25,483$20,188$9,537
21 years$46,441$37,121$29,413$23,128$18,066$8,148
22 years$43,862$34,651$27,109$21,028$16,193$6,969
23 years$41,511$32,408$25,030$19,151$14,536$5,965
24 years$39,360$30,365$23,149$17,467$13,065$5,110
25 years$37,383$28,496$21,441$15,952$11,757$4,381
26 years$35,562$26,781$19,885$14,585$10,590$3,758
27 years$33,878$25,204$18,465$13,350$9,548$3,224
28 years$32,317$23,750$17,166$12,232$8,615$2,768
29 years$30,867$22,405$15,974$11,217$7,779$2,377
30 years$29,516$21,160$14,879$10,294$7,029$2,042
31 years$28,254$20,003$13,871$9,454$6,355$1,755
32 years$27,074$18,927$12,942$8,689$5,749$1,508
33 years$25,967$17,924$12,084$7,990$5,202$1,296
34 years$24,928$16,988$11,291$7,352$4,710$1,114
35 years$23,951$16,113$10,556$6,768$4,266$958
36 years$23,029$15,293$9,875$6,233$3,865$824
37 years$22,160$14,525$9,243$5,743$3,503$709
38 years$21,338$13,804$8,656$5,293$3,176$610
39 years$20,561$13,126$8,109$4,881$2,880$524
40 years$19,824$12,489$7,601$4,502$2,612$451
41 years$19,125$11,888$7,127$4,153$2,370$388
42 years$18,461$11,322$6,686$3,833$2,151$334
43 years$17,829$10,787$6,273$3,538$1,952$287
44 years$17,228$10,282$5,889$3,267$1,772$247
45 years$16,655$9,805$5,529$3,017$1,608$213
46 years$16,109$9,354$5,193$2,787$1,460$183
47 years$15,588$8,926$4,879$2,575$1,326$157
48 years$15,089$8,521$4,585$2,379$1,204$135
49 years$14,613$8,138$4,310$2,199$1,094$117
50 years$14,157$7,773$4,052$2,032$993$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $14,500,000, adding $3,292 every year, while hoping to spend $32,796 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: 23/49/28 Blend
63$14,500,000$14,500,000$14,500,000$14,500,000
64$15,982,396$15,213,896$14,989,146$16,208,358
65$17,577,705$15,924,482$15,456,387$17,115,341
66$19,334,637$16,668,788$15,938,182$18,082,718
67$21,269,643$17,448,431$16,434,984$19,117,738
68$23,400,849$18,265,106$16,947,259$20,226,002
69$25,748,232$19,120,593$17,475,488$21,413,626
70$28,333,804$20,016,754$18,020,169$22,687,291
71$31,181,820$20,955,544$18,581,813$24,054,298
72$34,319,011$21,939,010$19,160,949$25,522,627
73$37,774,829$22,969,300$19,758,119$27,101,005
74$41,581,731$24,048,666$20,373,886$28,798,978
75$45,775,485$25,179,468$21,008,829$30,626,992
76$50,395,502$26,364,180$21,663,543$32,596,482
77$55,485,216$27,605,397$22,338,643$34,719,967
78$61,092,485$28,905,838$23,034,765$37,011,160
79$67,270,051$30,268,357$23,752,562$39,485,084
80$74,076,031$31,695,942$24,492,708$42,158,201
81$81,574,472$33,191,728$25,255,899$45,048,556
82$89,835,948$34,759,002$26,042,852$48,175,935
83$98,938,232$36,401,211$26,854,305$51,562,036
84$108,967,028$38,121,967$27,691,020$55,230,659
85$120,016,780$39,925,058$28,553,784$59,207,915
86$132,191,563$41,814,457$29,443,407$63,522,461
87$145,606,065$43,794,328$30,360,724$68,205,747
88$160,386,672$45,869,039$31,306,597$73,292,302
89$176,672,657$48,043,167$32,281,913$78,820,036
90$194,617,500$50,321,513$33,287,588$84,830,582
91$214,390,329$52,709,112$34,324,567$91,369,670
92$236,177,525$55,211,241$35,393,823$98,487,533
93$260,184,476$57,833,435$36,496,359$106,239,365
94$286,637,516$60,581,497$37,633,211$114,685,815
95$315,786,065$63,461,512$38,805,445$123,893,538
96$347,904,978$66,479,861$40,014,162$133,935,796
97$383,297,146$69,643,234$41,260,497$144,893,128
98$422,296,349$72,958,647$42,545,618$156,854,078
99$465,270,412$76,433,456$43,870,732$169,916,006
100$512,624,675$80,075,376$45,237,081$184,185,975