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%11.1%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,150,894
2 years$592,771$581,731$571,031$560,658$550,595$545,189
3 years$391,255$380,167$369,495$359,219$349,320$344,031
4 years$290,517$279,463$268,898$258,797$249,138$244,007
5 years$230,090$219,103$208,676$198,781$189,391$184,432
6 years$189,818$178,914$168,641$158,967$149,859$145,079
7 years$161,064$150,252$140,141$130,695$121,875$117,278
8 years$139,508$128,793$118,851$109,637$101,107$96,692
9 years$122,752$112,138$102,366$93,386$85,147$80,913
10 years$109,354$98,844$89,245$80,500$72,549$68,494
11 years$98,400$87,995$78,570$70,059$62,395$58,517
12 years$89,277$78,980$69,729$61,451$54,070$50,365
13 years$81,565$71,374$62,298$54,252$47,150$43,615
14 years$74,959$64,877$55,975$48,159$41,332$37,963
15 years$69,240$59,267$50,538$42,949$36,392$33,185
16 years$64,240$54,376$45,820$38,457$32,163$29,114
17 years$59,834$50,078$41,695$34,553$28,518$25,621
18 years$55,921$46,275$38,062$31,139$25,357$22,609
19 years$52,424$42,887$34,844$28,137$22,601$19,996
20 years$49,281$39,852$31,978$25,483$20,188$17,721
21 years$46,441$37,121$29,413$23,128$18,066$15,733
22 years$43,862$34,651$27,109$21,028$16,193$13,989
23 years$41,511$32,408$25,030$19,151$14,536$12,455
24 years$39,360$30,365$23,149$17,467$13,065$11,102
25 years$37,383$28,496$21,441$15,952$11,757$9,907
26 years$35,562$26,781$19,885$14,585$10,590$8,849
27 years$33,878$25,204$18,465$13,350$9,548$7,910
28 years$32,317$23,750$17,166$12,232$8,615$7,076
29 years$30,867$22,405$15,974$11,217$7,779$6,334
30 years$29,516$21,160$14,879$10,294$7,029$5,673
31 years$28,254$20,003$13,871$9,454$6,355$5,084
32 years$27,074$18,927$12,942$8,689$5,749$4,558
33 years$25,967$17,924$12,084$7,990$5,202$4,088
34 years$24,928$16,988$11,291$7,352$4,710$3,668
35 years$23,951$16,113$10,556$6,768$4,266$3,292
36 years$23,029$15,293$9,875$6,233$3,865$2,955
37 years$22,160$14,525$9,243$5,743$3,503$2,654
38 years$21,338$13,804$8,656$5,293$3,176$2,384
39 years$20,561$13,126$8,109$4,881$2,880$2,142
40 years$19,824$12,489$7,601$4,502$2,612$1,924
41 years$19,125$11,888$7,127$4,153$2,370$1,730
42 years$18,461$11,322$6,686$3,833$2,151$1,555
43 years$17,829$10,787$6,273$3,538$1,952$1,398
44 years$17,228$10,282$5,889$3,267$1,772$1,257
45 years$16,655$9,805$5,529$3,017$1,608$1,130
46 years$16,109$9,354$5,193$2,787$1,460$1,016
47 years$15,588$8,926$4,879$2,575$1,326$914
48 years$15,089$8,521$4,585$2,379$1,204$822
49 years$14,613$8,138$4,310$2,199$1,094$739
50 years$14,157$7,773$4,052$2,032$993$665

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 $6,360 every year, while hoping to spend $55,007 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: 39/34/27 Blend
63$14,500,000$14,500,000$14,500,000$14,500,000
64$15,985,560$15,217,060$14,992,310$16,480,690
65$17,557,560$15,904,169$15,436,026$17,529,448
66$19,288,061$16,623,103$15,892,762$18,657,168
67$21,193,171$17,375,363$16,362,897$19,875,560
68$23,290,641$18,162,522$16,846,820$21,192,924
69$25,600,029$18,986,228$17,344,932$22,618,364
70$28,142,887$19,848,209$17,857,642$24,161,874
71$30,942,964$20,750,274$18,385,376$25,834,424
72$34,026,429$21,694,319$18,928,569$27,648,059
73$37,422,116$22,682,333$19,487,667$29,616,006
74$41,161,801$23,716,396$20,063,133$31,752,792
75$45,280,496$24,798,691$20,655,439$34,074,376
76$49,816,784$25,931,504$21,265,074$36,598,291
77$54,813,181$27,117,232$21,892,539$39,343,805
78$60,316,535$28,358,386$22,538,348$42,332,092
79$66,378,472$29,657,598$23,203,033$45,586,425
80$73,055,881$31,017,624$23,887,139$49,132,392
81$80,411,449$32,441,357$24,591,228$52,998,121
82$88,514,258$33,931,824$25,315,874$57,214,544
83$97,440,429$35,492,201$26,061,673$61,815,674
84$107,273,848$37,125,814$26,829,235$66,838,920
85$118,106,953$38,836,150$27,619,186$72,325,430
86$130,041,606$40,626,866$28,432,172$78,320,466
87$143,190,057$42,501,790$29,268,858$84,873,822
88$157,676,004$44,464,938$30,129,925$92,040,284
89$173,635,754$46,520,518$31,016,075$99,880,131
90$191,219,518$48,672,940$31,928,031$108,459,695
91$210,592,823$50,926,828$32,866,534$117,851,972
92$231,938,075$53,287,027$33,832,348$128,137,299
93$255,456,284$55,758,617$34,826,257$139,404,097
94$281,368,957$58,346,921$35,849,068$151,749,688
95$309,920,191$61,057,521$36,901,612$165,281,204
96$341,378,976$63,896,265$37,984,742$180,116,575
97$376,041,736$66,869,286$39,099,335$196,385,630
98$414,235,123$69,983,011$40,246,292$214,231,304
99$456,319,105$73,244,178$41,426,543$233,810,964
100$502,690,361$76,659,850$42,641,039$255,297,882