Can I retire at age 64 with 14,600,000?

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,141,652
2 years$596,859$585,743$574,970$564,524$554,393$531,743
3 years$393,953$382,789$372,043$361,696$351,729$329,709
4 years$292,520$281,391$270,752$260,582$250,856$229,634
5 years$231,677$220,614$210,115$200,152$190,697$170,334
6 years$191,127$180,148$169,804$160,063$150,892$131,410
7 years$162,175$151,288$141,108$131,597$122,716$104,120
8 years$140,471$129,682$119,671$110,393$101,804$84,090
9 years$123,598$112,911$103,072$94,030$85,734$68,889
10 years$110,108$99,526$89,861$81,055$73,050$57,058
11 years$99,078$88,602$79,112$70,542$62,825$47,669
12 years$89,893$79,524$70,210$61,875$54,443$40,100
13 years$82,127$71,867$62,728$54,626$47,475$33,922
14 years$75,476$65,325$56,361$48,491$41,617$28,827
15 years$69,718$59,675$50,887$43,246$36,643$24,592
16 years$64,684$54,751$46,136$38,722$32,385$21,045
17 years$60,246$50,424$41,982$34,791$28,715$18,057
18 years$56,307$46,594$38,324$31,354$25,532$15,529
19 years$52,786$43,183$35,084$28,331$22,757$13,380
20 years$49,621$40,127$32,198$25,659$20,327$11,547
21 years$46,761$37,377$29,616$23,287$18,190$9,979
22 years$44,165$34,890$27,296$21,173$16,305$8,635
23 years$41,798$32,632$25,203$19,283$14,636$7,479
24 years$39,631$30,574$23,309$17,587$13,155$6,483
25 years$37,641$28,692$21,588$16,062$11,838$5,624
26 years$35,807$26,966$20,022$14,686$10,663$4,883
27 years$34,112$25,378$18,592$13,442$9,614$4,241
28 years$32,540$23,914$17,284$12,316$8,675$3,686
29 years$31,080$22,560$16,084$11,294$7,833$3,204
30 years$29,719$21,305$14,982$10,365$7,078$2,787
31 years$28,449$20,141$13,967$9,520$6,399$2,424
32 years$27,261$19,057$13,032$8,749$5,788$2,110
33 years$26,146$18,047$12,168$8,045$5,238$1,836
34 years$25,100$17,105$11,369$7,402$4,743$1,599
35 years$24,116$16,224$10,629$6,814$4,296$1,392
36 years$23,188$15,399$9,943$6,276$3,892$1,213
37 years$22,313$14,625$9,307$5,782$3,528$1,056
38 years$21,485$13,899$8,715$5,330$3,198$920
39 years$20,702$13,217$8,165$4,914$2,900$802
40 years$19,961$12,575$7,653$4,533$2,630$698
41 years$19,257$11,970$7,176$4,182$2,386$609
42 years$18,588$11,400$6,732$3,859$2,165$530
43 years$17,952$10,862$6,317$3,563$1,965$462
44 years$17,347$10,353$5,929$3,290$1,784$403
45 years$16,770$9,873$5,567$3,038$1,619$351
46 years$16,220$9,418$5,229$2,806$1,470$306
47 years$15,695$8,988$4,913$2,593$1,335$267
48 years$15,193$8,580$4,617$2,396$1,213$232
49 years$14,714$8,194$4,339$2,214$1,101$203
50 years$14,255$7,827$4,080$2,046$1,000$177

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $14,600,000, adding $6,865 every year, while hoping to spend $24,228 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: 58/15/27 Blend
63$14,600,000$14,600,000$14,600,000$14,600,000
64$16,096,281$15,322,481$15,096,181$16,911,070
65$17,712,324$16,047,504$15,576,125$18,194,471
66$19,492,390$16,807,242$16,071,335$19,590,010
67$21,453,186$17,603,369$16,582,296$21,111,188
68$23,613,119$18,437,642$17,109,511$22,770,185
69$25,992,474$19,311,903$17,653,497$24,580,402
70$28,613,604$20,228,084$18,214,786$26,556,579
71$31,501,140$21,188,209$18,793,931$28,714,932
72$34,682,228$22,194,402$19,391,499$31,073,303
73$38,186,778$23,248,890$20,008,076$33,651,323
74$42,047,750$24,354,008$20,644,269$36,470,598
75$46,301,469$25,512,202$21,300,700$39,554,902
76$50,987,960$26,726,041$21,978,014$42,930,401
77$56,151,330$27,998,216$22,676,876$46,625,898
78$61,840,187$29,331,549$23,397,972$50,673,095
79$68,108,091$30,729,000$24,142,009$55,106,889
80$75,014,068$32,193,673$24,909,719$59,965,700
81$82,623,162$33,728,821$25,701,853$65,291,823
82$91,007,049$35,337,859$26,519,190$71,131,825
83$100,244,717$37,024,363$27,362,532$77,536,979
84$110,423,209$38,792,087$28,232,707$84,563,740
85$121,638,442$40,644,965$29,130,569$92,274,273
86$133,996,120$42,587,125$30,056,999$100,737,035
87$147,612,723$44,622,893$31,012,908$110,027,411
88$162,616,613$46,756,807$31,999,233$120,228,419
89$179,149,243$48,993,626$33,016,942$131,431,490
90$197,366,492$51,338,340$34,067,036$143,737,320
91$217,440,137$53,796,181$35,150,544$157,256,813
92$239,559,475$56,372,638$36,268,531$172,112,121
93$263,933,109$59,073,466$37,422,095$188,437,786
94$290,790,919$61,904,698$38,612,368$206,382,004
95$320,386,230$64,872,665$39,840,520$226,108,013
96$352,998,203$67,984,004$41,107,755$247,795,622
97$388,934,474$71,245,674$42,415,319$271,642,903
98$428,534,054$74,664,976$43,764,495$297,868,044
99$472,170,531$78,249,563$45,156,610$326,711,402
100$520,255,598$82,007,465$46,593,029$358,437,761