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%19.9%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,133,348
2 years$605,035$593,767$582,846$572,257$561,987$515,392
3 years$399,350$388,033$377,140$366,651$356,548$311,650
4 years$296,528$285,245$274,461$264,151$254,293$211,434
5 years$234,850$223,636$212,993$202,894$193,309$152,599
6 years$193,746$182,615$172,130$162,256$152,959$114,422
7 years$164,396$153,360$143,041$133,399$124,397$88,020
8 years$142,395$131,458$121,310$111,905$103,199$68,945
9 years$125,291$114,458$104,484$95,319$86,909$54,726
10 years$111,617$100,889$91,092$82,165$74,050$43,876
11 years$100,435$89,816$80,196$71,509$63,686$35,449
12 years$91,125$80,614$71,172$62,723$55,189$28,814
13 years$83,252$72,851$63,587$55,375$48,126$23,533
14 years$76,510$66,220$57,133$49,155$42,187$19,293
15 years$70,673$60,493$51,584$43,838$37,144$15,865
16 years$65,570$55,501$46,768$39,252$32,828$13,080
17 years$61,072$51,114$42,557$35,268$29,108$10,805
18 years$57,078$47,232$38,849$31,783$25,881$8,940
19 years$53,509$43,774$35,565$28,719$23,069$7,408
20 years$50,301$40,677$32,639$26,011$20,605$6,145
21 years$47,402$37,889$30,022$23,606$18,439$5,102
22 years$44,770$35,368$27,670$21,463$16,528$4,239
23 years$42,370$33,079$25,548$19,547$14,837$3,525
24 years$40,174$30,993$23,628$17,828$13,336$2,932
25 years$38,157$29,085$21,884$16,282$12,000$2,440
26 years$36,298$27,336$20,296$14,887$10,809$2,031
27 years$34,579$25,726$18,847$13,627$9,745$1,692
28 years$32,986$24,241$17,521$12,485$8,793$1,409
29 years$31,506$22,869$16,305$11,449$7,940$1,174
30 years$30,126$21,597$15,187$10,507$7,175$978
31 years$28,839$20,417$14,158$9,650$6,486$815
32 years$27,634$19,318$13,210$8,869$5,867$680
33 years$26,505$18,295$12,334$8,155$5,310$567
34 years$25,444$17,339$11,524$7,504$4,808$472
35 years$24,446$16,446$10,775$6,908$4,354$394
36 years$23,506$15,610$10,079$6,362$3,945$328
37 years$22,618$14,826$9,434$5,861$3,576$274
38 years$21,780$14,090$8,835$5,403$3,242$228
39 years$20,986$13,398$8,277$4,982$2,940$190
40 years$20,234$12,747$7,758$4,595$2,666$159
41 years$19,520$12,134$7,275$4,239$2,419$132
42 years$18,843$11,556$6,824$3,912$2,195$110
43 years$18,198$11,010$6,403$3,612$1,992$92
44 years$17,585$10,495$6,011$3,335$1,808$77
45 years$17,000$10,008$5,644$3,080$1,642$64
46 years$16,442$9,547$5,301$2,845$1,491$53
47 years$15,910$9,111$4,980$2,628$1,353$45
48 years$15,402$8,698$4,680$2,429$1,229$37
49 years$14,915$8,306$4,399$2,244$1,116$31
50 years$14,450$7,934$4,135$2,075$1,014$26

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 $3,073 every year, while hoping to spend $55,469 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: 70/7/23 Blend
63$14,800,000$14,800,000$14,800,000$14,800,000
64$16,312,770$15,528,370$15,298,970$17,360,299
65$17,917,654$16,230,241$15,752,467$18,762,776
66$19,684,377$16,964,645$16,219,297$20,290,675
67$21,629,388$17,733,118$16,699,848$21,961,873
68$23,770,812$18,537,267$17,194,519$23,790,565
69$26,128,621$19,378,780$17,703,722$25,792,380
70$28,724,822$20,259,421$18,227,878$27,984,523
71$31,583,665$21,181,044$18,767,423$30,385,941
72$34,731,870$22,145,586$19,322,803$33,017,494
73$38,198,882$23,155,082$19,894,478$35,902,155
74$42,017,147$24,211,659$20,482,922$39,065,222
75$46,222,417$25,317,552$21,088,622$42,534,554
76$50,854,090$26,475,098$21,712,077$46,340,832
77$55,955,579$27,686,749$22,353,802$50,517,849
78$61,574,721$28,955,074$23,014,329$55,102,822
79$67,764,235$30,282,764$23,694,200$60,136,744
80$74,582,208$31,672,642$24,393,978$65,664,765
81$82,092,655$33,127,662$25,114,238$71,736,619
82$90,366,114$34,650,926$25,855,572$78,407,089
83$99,480,316$36,245,679$26,618,592$85,736,521
84$109,520,917$37,915,327$27,403,924$93,791,389
85$120,582,308$39,663,436$28,212,214$102,644,921
86$132,768,505$41,493,745$29,044,124$112,377,787
87$146,194,128$43,410,174$29,900,337$123,078,856
88$160,985,486$45,416,829$30,781,555$134,846,032
89$177,281,768$47,518,017$31,688,501$147,787,173
90$195,236,358$49,718,250$32,621,915$162,021,107
91$215,018,280$52,022,257$33,582,562$177,678,749
92$236,813,794$54,434,996$34,571,227$194,904,330
93$260,828,155$56,961,665$35,588,717$213,856,758
94$287,287,550$59,607,711$36,635,863$234,711,112
95$316,441,234$62,378,842$37,713,518$257,660,289
96$348,563,880$65,281,045$38,822,561$282,916,821
97$383,958,173$68,320,594$39,963,894$310,714,875
98$422,957,669$71,504,065$41,138,447$341,312,459
99$465,929,940$74,838,353$42,347,174$374,993,853
100$513,280,045$78,330,685$43,591,056$412,072,284