Can I retire at age 64 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,171,753
2 years$605,035$593,767$582,846$572,257$561,987$553,497
3 years$399,350$388,033$377,140$366,651$356,548$348,250
4 years$296,528$285,245$274,461$264,151$254,293$246,252
5 years$234,850$223,636$212,993$202,894$193,309$185,548
6 years$193,746$182,615$172,130$162,256$152,959$145,488
7 years$164,396$153,360$143,041$133,399$124,397$117,219
8 years$142,395$131,458$121,310$111,905$103,199$96,315
9 years$125,291$114,458$104,484$95,319$86,909$80,316
10 years$111,617$100,889$91,092$82,165$74,050$67,746
11 years$100,435$89,816$80,196$71,509$63,686$57,666
12 years$91,125$80,614$71,172$62,723$55,189$49,447
13 years$83,252$72,851$63,587$55,375$48,126$42,656
14 years$76,510$66,220$57,133$49,155$42,187$36,983
15 years$70,673$60,493$51,584$43,838$37,144$32,199
16 years$65,570$55,501$46,768$39,252$32,828$28,134
17 years$61,072$51,114$42,557$35,268$29,108$24,657
18 years$57,078$47,232$38,849$31,783$25,881$21,666
19 years$53,509$43,774$35,565$28,719$23,069$19,081
20 years$50,301$40,677$32,639$26,011$20,605$16,837
21 years$47,402$37,889$30,022$23,606$18,439$14,882
22 years$44,770$35,368$27,670$21,463$16,528$13,173
23 years$42,370$33,079$25,548$19,547$14,837$11,676
24 years$40,174$30,993$23,628$17,828$13,336$10,361
25 years$38,157$29,085$21,884$16,282$12,000$9,203
26 years$36,298$27,336$20,296$14,887$10,809$8,181
27 years$34,579$25,726$18,847$13,627$9,745$7,279
28 years$32,986$24,241$17,521$12,485$8,793$6,480
29 years$31,506$22,869$16,305$11,449$7,940$5,773
30 years$30,126$21,597$15,187$10,507$7,175$5,146
31 years$28,839$20,417$14,158$9,650$6,486$4,589
32 years$27,634$19,318$13,210$8,869$5,867$4,094
33 years$26,505$18,295$12,334$8,155$5,310$3,653
34 years$25,444$17,339$11,524$7,504$4,808$3,262
35 years$24,446$16,446$10,775$6,908$4,354$2,913
36 years$23,506$15,610$10,079$6,362$3,945$2,602
37 years$22,618$14,826$9,434$5,861$3,576$2,325
38 years$21,780$14,090$8,835$5,403$3,242$2,077
39 years$20,986$13,398$8,277$4,982$2,940$1,857
40 years$20,234$12,747$7,758$4,595$2,666$1,660
41 years$19,520$12,134$7,275$4,239$2,419$1,484
42 years$18,843$11,556$6,824$3,912$2,195$1,327
43 years$18,198$11,010$6,403$3,612$1,992$1,187
44 years$17,585$10,495$6,011$3,335$1,808$1,062
45 years$17,000$10,008$5,644$3,080$1,642$950
46 years$16,442$9,547$5,301$2,845$1,491$850
47 years$15,910$9,111$4,980$2,628$1,353$760
48 years$15,402$8,698$4,680$2,429$1,229$680
49 years$14,915$8,306$4,399$2,244$1,116$609
50 years$14,450$7,934$4,135$2,075$1,014$545

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $14,800,000, adding $6,168 every year, while hoping to spend $27,125 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: 46/34/20 Blend
63$14,800,000$14,800,000$14,800,000$14,800,000
64$16,315,962$15,531,562$15,302,162$16,972,884
65$17,951,330$16,263,748$15,785,924$18,165,495
66$19,752,595$17,030,902$16,284,982$19,455,425
67$21,736,652$17,834,708$16,799,822$20,854,352
68$23,922,116$18,676,934$17,330,941$22,372,446
69$26,329,499$19,559,431$17,878,855$24,020,872
70$28,981,406$20,484,141$18,444,094$25,811,891
71$31,902,746$21,453,101$19,027,208$27,758,970
72$35,120,968$22,468,444$19,628,761$29,876,901
73$38,666,318$23,532,410$20,249,336$32,181,937
74$42,572,129$24,647,345$20,889,536$34,691,934
75$46,875,132$25,815,710$21,549,980$37,426,519
76$51,615,800$27,040,085$22,231,310$40,407,263
77$56,838,738$28,323,175$22,934,185$43,657,876
78$62,593,097$29,667,818$23,659,288$47,204,427
79$68,933,040$31,076,988$24,407,321$51,075,580
80$75,918,254$32,553,804$25,179,010$55,302,852
81$83,614,512$34,101,537$25,975,103$59,920,908
82$92,094,294$35,723,615$26,796,371$64,967,871
83$101,437,475$37,423,634$27,643,612$70,485,677
84$111,732,071$39,205,366$28,517,647$76,520,461
85$123,075,077$41,072,764$29,419,323$83,122,975
86$135,573,379$43,029,973$30,349,514$90,349,063
87$149,344,764$45,081,343$31,309,124$98,260,168
88$164,519,032$47,231,430$32,299,081$106,923,909
89$181,239,220$49,485,017$33,320,347$116,414,697
90$199,662,954$51,847,116$34,373,912$126,814,429
91$219,963,934$54,322,984$35,460,797$138,213,243
92$242,333,578$56,918,133$36,582,056$150,710,356
93$266,982,826$59,638,344$37,738,778$164,414,985
94$294,144,130$62,489,678$38,932,083$179,447,358
95$324,073,652$65,478,494$40,163,129$195,939,837
96$357,053,681$68,611,456$41,433,109$214,038,143
97$393,395,295$71,895,556$42,743,257$233,902,715
98$433,441,301$75,338,124$44,094,842$255,710,208
99$477,569,469$78,946,848$45,489,175$279,655,133
100$526,196,101$82,729,789$46,927,608$305,951,677