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

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,149,200
2 years$596,859$585,743$574,970$564,524$554,393$539,277
3 years$393,953$382,789$372,043$361,696$351,729$336,993
4 years$292,520$281,391$270,752$260,582$250,856$236,612
5 years$231,677$220,614$210,115$200,152$190,697$176,987
6 years$191,127$180,148$169,804$160,063$150,892$137,732
7 years$162,175$151,288$141,108$131,597$122,716$110,111
8 years$140,471$129,682$119,671$110,393$101,804$89,753
9 years$123,598$112,911$103,072$94,030$85,734$74,231
10 years$110,108$99,526$89,861$81,055$73,050$62,087
11 years$99,078$88,602$79,112$70,542$62,825$52,393
12 years$89,893$79,524$70,210$61,875$54,443$44,530
13 years$82,127$71,867$62,728$54,626$47,475$38,068
14 years$75,476$65,325$56,361$48,491$41,617$32,701
15 years$69,718$59,675$50,887$43,246$36,643$28,204
16 years$64,684$54,751$46,136$38,722$32,385$24,407
17 years$60,246$50,424$41,982$34,791$28,715$21,182
18 years$56,307$46,594$38,324$31,354$25,532$18,429
19 years$52,786$43,183$35,084$28,331$22,757$16,066
20 years$49,621$40,127$32,198$25,659$20,327$14,032
21 years$46,761$37,377$29,616$23,287$18,190$12,274
22 years$44,165$34,890$27,296$21,173$16,305$10,751
23 years$41,798$32,632$25,203$19,283$14,636$9,428
24 years$39,631$30,574$23,309$17,587$13,155$8,276
25 years$37,641$28,692$21,588$16,062$11,838$7,271
26 years$35,807$26,966$20,022$14,686$10,663$6,393
27 years$34,112$25,378$18,592$13,442$9,614$5,625
28 years$32,540$23,914$17,284$12,316$8,675$4,952
29 years$31,080$22,560$16,084$11,294$7,833$4,362
30 years$29,719$21,305$14,982$10,365$7,078$3,844
31 years$28,449$20,141$13,967$9,520$6,399$3,388
32 years$27,261$19,057$13,032$8,749$5,788$2,988
33 years$26,146$18,047$12,168$8,045$5,238$2,636
34 years$25,100$17,105$11,369$7,402$4,743$2,326
35 years$24,116$16,224$10,629$6,814$4,296$2,053
36 years$23,188$15,399$9,943$6,276$3,892$1,812
37 years$22,313$14,625$9,307$5,782$3,528$1,600
38 years$21,485$13,899$8,715$5,330$3,198$1,413
39 years$20,702$13,217$8,165$4,914$2,900$1,248
40 years$19,961$12,575$7,653$4,533$2,630$1,102
41 years$19,257$11,970$7,176$4,182$2,386$974
42 years$18,588$11,400$6,732$3,859$2,165$860
43 years$17,952$10,862$6,317$3,563$1,965$760
44 years$17,347$10,353$5,929$3,290$1,784$672
45 years$16,770$9,873$5,567$3,038$1,619$594
46 years$16,220$9,418$5,229$2,806$1,470$525
47 years$15,695$8,988$4,913$2,593$1,335$464
48 years$15,193$8,580$4,617$2,396$1,213$410
49 years$14,714$8,194$4,339$2,214$1,101$362
50 years$14,255$7,827$4,080$2,046$1,000$320

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 $5,921 every year, while hoping to spend $25,195 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: 37/39/24 Blend
63$14,600,000$14,600,000$14,600,000$14,600,000
64$16,095,308$15,321,508$15,095,208$16,574,702
65$17,710,222$16,045,454$15,574,090$17,650,258
66$19,489,012$16,804,030$16,068,170$18,808,490
67$21,448,369$17,598,904$16,577,931$20,059,087
68$23,606,681$18,431,829$17,103,870$21,410,387
69$25,984,215$19,304,641$17,646,502$22,871,533
70$28,603,301$20,219,265$18,206,356$24,452,549
71$31,488,548$21,177,719$18,783,979$26,164,430
72$34,667,072$22,182,120$19,379,935$28,019,239
73$38,168,757$23,234,687$19,994,807$30,030,213
74$42,026,532$24,337,748$20,629,194$32,211,879
75$46,276,684$25,493,743$21,283,717$34,580,185
76$50,959,199$26,705,230$21,959,015$37,152,641
77$56,118,143$27,974,892$22,655,748$39,948,475
78$61,802,074$29,305,543$23,374,597$42,988,807
79$68,064,503$30,700,131$24,116,263$46,296,834
80$74,964,396$32,161,751$24,881,471$49,898,047
81$82,566,733$33,693,646$25,670,969$53,820,451
82$90,943,122$35,299,216$26,485,528$58,094,828
83$100,172,471$36,982,029$27,325,944$62,755,009
84$110,341,738$38,745,824$28,193,039$67,838,182
85$121,546,749$40,594,522$29,087,659$73,385,234
86$133,893,100$42,532,237$30,010,678$79,441,121
87$147,497,160$44,563,280$30,963,000$86,055,279
88$162,487,163$46,692,173$31,945,553$93,282,076
89$179,004,423$48,923,659$32,959,298$101,181,308
90$197,204,666$51,262,711$34,005,227$109,818,752
91$217,259,500$53,714,542$35,084,360$119,266,766
92$239,358,036$56,284,621$36,197,753$129,604,957
93$263,708,672$58,978,684$37,346,494$140,920,913
94$290,541,061$61,802,743$38,531,705$153,311,012
95$320,108,277$64,763,105$39,754,545$166,881,311
96$352,689,208$67,866,385$41,016,210$181,748,525
97$388,591,186$71,119,516$42,317,931$198,041,108
98$428,152,887$74,529,772$43,660,982$215,900,444
99$471,747,532$78,104,781$45,046,675$235,482,156
100$519,786,406$81,852,542$46,476,365$256,957,551