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

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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,140,856
2 years$592,771$581,731$571,031$560,658$550,595$535,111
3 years$391,255$380,167$369,495$359,219$349,320$334,226
4 years$290,517$279,463$268,898$258,797$249,138$234,551
5 years$230,090$219,103$208,676$198,781$189,391$175,353
6 years$189,818$178,914$168,641$158,967$149,859$136,387
7 years$161,064$150,252$140,141$130,695$121,875$108,975
8 years$139,508$128,793$118,851$109,637$101,107$88,776
9 years$122,752$112,138$102,366$93,386$85,147$73,380
10 years$109,354$98,844$89,245$80,500$72,549$61,338
11 years$98,400$87,995$78,570$70,059$62,395$51,729
12 years$89,277$78,980$69,729$61,451$54,070$43,937
13 years$81,565$71,374$62,298$54,252$47,150$37,536
14 years$74,959$64,877$55,975$48,159$41,332$32,223
15 years$69,240$59,267$50,538$42,949$36,392$27,772
16 years$64,240$54,376$45,820$38,457$32,163$24,017
17 years$59,834$50,078$41,695$34,553$28,518$20,829
18 years$55,921$46,275$38,062$31,139$25,357$18,109
19 years$52,424$42,887$34,844$28,137$22,601$15,776
20 years$49,281$39,852$31,978$25,483$20,188$13,768
21 years$46,441$37,121$29,413$23,128$18,066$12,034
22 years$43,862$34,651$27,109$21,028$16,193$10,533
23 years$41,511$32,408$25,030$19,151$14,536$9,229
24 years$39,360$30,365$23,149$17,467$13,065$8,095
25 years$37,383$28,496$21,441$15,952$11,757$7,107
26 years$35,562$26,781$19,885$14,585$10,590$6,244
27 years$33,878$25,204$18,465$13,350$9,548$5,489
28 years$32,317$23,750$17,166$12,232$8,615$4,828
29 years$30,867$22,405$15,974$11,217$7,779$4,250
30 years$29,516$21,160$14,879$10,294$7,029$3,742
31 years$28,254$20,003$13,871$9,454$6,355$3,296
32 years$27,074$18,927$12,942$8,689$5,749$2,904
33 years$25,967$17,924$12,084$7,990$5,202$2,560
34 years$24,928$16,988$11,291$7,352$4,710$2,257
35 years$23,951$16,113$10,556$6,768$4,266$1,990
36 years$23,029$15,293$9,875$6,233$3,865$1,755
37 years$22,160$14,525$9,243$5,743$3,503$1,549
38 years$21,338$13,804$8,656$5,293$3,176$1,366
39 years$20,561$13,126$8,109$4,881$2,880$1,206
40 years$19,824$12,489$7,601$4,502$2,612$1,064
41 years$19,125$11,888$7,127$4,153$2,370$939
42 years$18,461$11,322$6,686$3,833$2,151$829
43 years$17,829$10,787$6,273$3,538$1,952$732
44 years$17,228$10,282$5,889$3,267$1,772$646
45 years$16,655$9,805$5,529$3,017$1,608$571
46 years$16,109$9,354$5,193$2,787$1,460$504
47 years$15,588$8,926$4,879$2,575$1,326$445
48 years$15,089$8,521$4,585$2,379$1,204$393
49 years$14,613$8,138$4,310$2,199$1,094$347
50 years$14,157$7,773$4,052$2,032$993$306

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 $4,849 every year, while hoping to spend $55,724 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: 42/40/18 Blend
63$14,500,000$14,500,000$14,500,000$14,500,000
64$15,984,002$15,215,502$14,990,752$16,570,847
65$17,555,080$15,901,771$15,433,652$17,672,758
66$19,284,541$16,619,801$15,889,522$18,859,440
67$21,188,480$17,371,087$16,358,737$20,143,319
68$23,284,634$18,157,199$16,841,683$21,533,334
69$25,592,545$18,979,781$17,338,759$23,039,295
70$28,133,750$19,840,555$17,850,372$24,671,967
71$30,931,976$20,741,326$18,376,943$26,443,169
72$34,013,372$21,683,985$18,918,905$28,365,877
73$37,406,750$22,670,514$19,476,702$30,454,342
74$41,143,858$23,702,990$20,050,792$32,724,214
75$45,259,683$24,783,588$20,641,645$35,192,686
76$49,792,776$25,914,588$21,249,745$37,878,650
77$54,785,616$27,098,380$21,875,589$40,802,861
78$60,285,017$28,337,469$22,519,689$43,988,133
79$66,342,562$29,634,478$23,182,571$47,459,539
80$73,015,093$30,992,157$23,864,777$51,244,643
81$80,365,248$32,413,388$24,566,863$55,373,751
82$88,462,051$33,901,193$25,289,401$59,880,182
83$97,381,565$35,458,735$26,032,980$64,800,579
84$107,207,604$37,089,333$26,798,205$70,175,240
85$118,032,533$38,796,464$27,585,698$76,048,490
86$129,958,132$40,583,771$28,396,100$82,469,085
87$143,096,560$42,455,074$29,230,068$89,490,662
88$157,571,413$44,414,377$30,088,278$97,172,232
89$173,518,889$46,465,873$30,971,428$105,578,723
90$191,089,076$48,613,961$31,880,231$114,781,580
91$210,447,367$50,863,251$32,815,424$124,859,425
92$231,776,021$53,218,572$33,777,763$135,898,783
93$255,275,882$55,684,990$34,768,025$147,994,881
94$281,168,279$58,267,811$35,787,011$161,252,537
95$309,697,110$60,972,600$36,835,542$175,787,122
96$341,131,145$63,805,187$37,914,463$191,725,641
97$375,766,567$66,771,687$39,024,643$209,207,904
98$413,929,764$69,878,507$40,166,975$228,387,833
99$455,980,410$73,132,363$41,342,379$249,434,888
100$502,314,861$76,540,298$42,551,797$272,535,650