Can I retire at age 64 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,143,397
2 years$600,947$589,755$578,908$568,391$558,190$529,350
3 years$396,652$385,411$374,592$364,174$354,139$326,163
4 years$294,524$283,318$272,607$262,367$252,575$225,678
5 years$233,263$222,125$211,554$201,523$192,003$166,261
6 years$192,436$181,382$170,967$161,159$151,926$127,363
7 years$163,286$152,324$142,074$132,498$123,556$100,176
8 years$141,433$130,570$120,490$111,149$102,502$80,294
9 years$124,445$113,684$103,778$94,674$86,321$65,268
10 years$110,862$100,207$90,476$81,610$73,550$53,627
11 years$99,757$89,209$79,654$71,025$63,256$44,433
12 years$90,509$80,069$70,691$62,299$54,816$37,063
13 years$82,690$72,359$63,158$55,001$47,801$31,082
14 years$75,993$65,772$56,747$48,823$41,902$26,181
15 years$70,195$60,084$51,235$43,542$36,894$22,133
16 years$65,127$55,126$46,452$38,987$32,607$18,767
17 years$60,659$50,769$42,270$35,029$28,911$15,953
18 years$56,692$46,913$38,587$31,569$25,707$13,589
19 years$53,147$43,478$35,324$28,525$22,913$11,596
20 years$49,961$40,402$32,419$25,835$20,466$9,910
21 years$47,081$37,633$29,819$23,447$18,315$8,480
22 years$44,467$35,129$27,483$21,318$16,417$7,264
23 years$42,084$32,856$25,376$19,415$14,737$6,228
24 years$39,903$30,784$23,468$17,708$13,246$5,344
25 years$37,899$28,889$21,736$16,172$11,919$4,588
26 years$36,052$27,151$20,159$14,787$10,736$3,942
27 years$34,345$25,552$18,720$13,535$9,680$3,388
28 years$32,763$24,078$17,402$12,401$8,734$2,913
29 years$31,293$22,714$16,194$11,372$7,887$2,506
30 years$29,923$21,451$15,084$10,436$7,126$2,156
31 years$28,644$20,279$14,063$9,585$6,443$1,856
32 years$27,447$19,188$13,121$8,809$5,828$1,597
33 years$26,326$18,171$12,251$8,100$5,274$1,375
34 years$25,272$17,222$11,447$7,453$4,775$1,185
35 years$24,281$16,335$10,702$6,861$4,325$1,020
36 years$23,347$15,504$10,011$6,319$3,919$879
37 years$22,466$14,725$9,370$5,822$3,552$757
38 years$21,633$13,994$8,775$5,366$3,220$652
39 years$20,844$13,307$8,221$4,948$2,920$562
40 years$20,097$12,661$7,706$4,564$2,648$484
41 years$19,388$12,052$7,225$4,211$2,403$417
42 years$18,715$11,478$6,778$3,886$2,180$360
43 years$18,075$10,936$6,360$3,587$1,979$310
44 years$17,466$10,424$5,970$3,312$1,796$267
45 years$16,885$9,941$5,606$3,059$1,631$230
46 years$16,331$9,483$5,265$2,825$1,480$198
47 years$15,803$9,050$4,946$2,610$1,344$171
48 years$15,298$8,639$4,648$2,412$1,221$147
49 years$14,815$8,250$4,369$2,229$1,109$127
50 years$14,352$7,881$4,107$2,060$1,007$110

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $14,700,000, adding $3,358 every year, while hoping to spend $22,670 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: 51/28/21 Blend
63$14,700,000$14,700,000$14,700,000$14,700,000
64$16,202,864$15,423,764$15,195,914$16,934,394
65$17,831,435$16,155,407$15,680,856$18,171,839
66$19,625,361$16,922,142$16,181,284$19,513,933
67$21,601,484$17,725,663$16,697,693$20,972,699
68$23,778,362$18,567,747$17,230,593$22,559,202
69$26,176,449$19,450,261$17,780,512$24,285,599
70$28,818,280$20,375,157$18,347,992$26,165,247
71$31,728,690$21,344,485$18,933,596$28,212,828
72$34,935,048$22,360,396$19,537,902$30,444,481
73$38,467,509$23,425,142$20,161,509$32,877,945
74$42,359,308$24,541,087$20,805,032$35,532,727
75$46,647,066$25,710,709$21,469,109$38,430,275
76$51,371,140$26,936,606$22,154,397$41,594,176
77$56,576,000$28,221,504$22,861,573$45,050,372
78$62,310,653$29,568,259$23,591,337$48,827,395
79$68,629,104$30,979,868$24,344,411$52,956,635
80$75,590,864$32,459,473$25,121,541$57,472,622
81$83,261,514$34,010,369$25,923,494$62,413,350
82$91,713,322$35,636,010$26,751,064$67,820,621
83$101,025,927$37,340,021$27,605,071$73,740,437
84$111,287,090$39,126,200$28,486,359$80,223,419
85$122,593,521$40,998,533$29,395,801$87,325,282
86$135,051,796$42,961,197$30,334,296$95,107,344
87$148,779,358$45,018,574$31,302,774$103,637,101
88$163,905,628$47,175,260$32,302,192$112,988,847
89$180,573,227$49,436,072$33,333,541$123,244,368
90$198,939,322$51,806,065$34,397,840$134,493,702
91$219,177,108$54,290,538$35,496,143$146,835,972
92$241,477,447$56,895,048$36,629,537$160,380,315
93$266,050,665$59,625,424$37,799,145$175,246,895
94$293,128,541$62,487,778$39,006,125$191,568,022
95$322,966,492$65,488,519$40,251,670$209,489,388
96$355,845,988$68,634,370$41,537,014$229,171,426
97$392,077,205$71,932,380$42,863,431$250,790,810
98$432,001,956$75,389,943$44,232,232$274,542,101
99$475,996,918$79,014,813$45,644,774$300,639,571
100$524,477,184$82,815,119$47,102,455$329,319,203