Can I retire at age 64 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,152,885
2 years$609,123$597,778$586,784$576,124$565,784$530,550
3 years$402,048$390,655$379,688$369,128$358,957$324,854
4 years$298,531$287,173$276,316$265,936$256,011$223,302
5 years$236,437$225,147$214,432$204,264$194,615$163,389
6 years$195,055$183,849$173,293$163,352$153,993$124,276
7 years$165,507$154,396$144,007$134,301$125,237$97,031
8 years$143,357$132,346$122,130$112,661$103,896$77,182
9 years$126,138$115,231$105,190$95,963$87,496$62,246
10 years$112,371$101,571$91,707$82,721$74,551$50,731
11 years$101,114$90,422$80,738$71,992$64,116$41,685
12 years$91,740$81,158$71,653$63,146$55,562$34,474
13 years$83,815$73,343$64,017$55,749$48,451$28,659
14 years$77,027$66,667$57,519$49,488$42,472$23,926
15 years$71,150$60,902$51,932$44,134$37,395$20,042
16 years$66,013$55,876$47,084$39,517$33,050$16,837
17 years$61,484$51,460$42,845$35,506$29,305$14,177
18 years$57,464$47,551$39,112$31,998$26,056$11,961
19 years$53,870$44,070$35,805$28,913$23,225$10,107
20 years$50,640$40,952$32,860$26,186$20,745$8,553
21 years$47,722$38,145$30,225$23,766$18,564$7,246
22 years$45,072$35,607$27,857$21,609$16,640$6,144
23 years$42,657$33,303$25,721$19,679$14,937$5,214
24 years$40,446$31,202$23,787$17,949$13,426$4,428
25 years$38,415$29,282$22,032$16,392$12,081$3,763
26 years$36,543$27,520$20,434$14,988$10,882$3,199
27 years$34,813$25,900$18,974$13,719$9,811$2,721
28 years$33,209$24,405$17,639$12,569$8,853$2,315
29 years$31,718$23,023$16,415$11,526$7,994$1,970
30 years$30,330$21,743$15,290$10,578$7,223$1,677
31 years$29,034$20,555$14,254$9,715$6,530$1,428
32 years$27,821$19,449$13,299$8,929$5,907$1,216
33 years$26,684$18,418$12,418$8,211$5,346$1,036
34 years$25,616$17,456$11,602$7,554$4,840$882
35 years$24,611$16,557$10,847$6,954$4,384$752
36 years$23,665$15,715$10,147$6,405$3,972$640
37 years$22,771$14,926$9,498$5,901$3,600$546
38 years$21,927$14,185$8,894$5,439$3,264$465
39 years$21,128$13,488$8,333$5,015$2,960$396
40 years$20,371$12,833$7,811$4,626$2,685$338
41 years$19,652$12,216$7,324$4,268$2,435$288
42 years$18,970$11,634$6,870$3,939$2,210$245
43 years$18,321$11,085$6,447$3,636$2,006$209
44 years$17,703$10,566$6,051$3,357$1,821$178
45 years$17,115$10,076$5,682$3,100$1,653$152
46 years$16,553$9,612$5,337$2,864$1,501$130
47 years$16,018$9,173$5,014$2,646$1,363$110
48 years$15,506$8,757$4,711$2,445$1,237$94
49 years$15,016$8,362$4,428$2,260$1,124$80
50 years$14,548$7,988$4,163$2,089$1,021$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $14,900,000, adding $6,486 every year, while hoping to spend $51,966 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: 35/35/30 Blend
63$14,900,000$14,900,000$14,900,000$14,900,000
64$16,426,490$15,636,790$15,405,840$16,852,905
65$18,046,701$16,347,702$15,866,645$17,885,602
66$19,830,431$17,091,706$16,341,144$18,993,976
67$21,794,306$17,870,370$16,829,743$20,188,932
68$23,956,642$18,685,335$17,332,856$21,478,267
69$26,337,625$19,538,322$17,850,913$22,870,530
70$28,959,497$20,431,134$18,384,352$24,375,099
71$31,846,766$21,365,660$18,933,628$26,002,260
72$35,026,438$22,343,879$19,499,207$27,763,303
73$38,528,273$23,367,868$20,081,569$29,670,615
74$42,385,063$24,439,800$20,681,208$31,737,797
75$46,632,943$25,561,953$21,298,632$33,979,781
76$51,311,732$26,736,718$21,934,365$36,412,963
77$56,465,308$27,966,596$22,588,945$39,055,353
78$62,142,021$29,254,211$23,262,926$41,926,736
79$68,395,153$30,602,313$23,956,880$45,048,849
80$75,283,415$32,013,783$24,671,392$48,445,577
81$82,871,507$33,491,642$25,407,067$52,143,170
82$91,230,723$35,039,055$26,164,526$56,170,482
83$100,439,629$36,659,340$26,944,410$60,559,234
84$110,584,799$38,355,976$27,747,375$65,344,297
85$121,761,637$40,132,607$28,574,101$70,564,017
86$134,075,273$41,993,054$29,425,283$76,260,562
87$147,641,561$43,941,323$30,301,639$82,480,311
88$162,588,163$45,981,611$31,203,907$89,274,272
89$179,055,765$48,118,319$32,132,847$96,698,560
90$197,199,395$50,356,060$33,089,240$104,814,905
91$217,189,895$52,699,668$34,073,891$113,691,225
92$239,215,524$55,154,211$35,087,626$123,402,250
93$263,483,744$57,725,004$36,131,298$134,030,212
94$290,223,171$60,417,615$37,205,782$145,665,606
95$319,685,739$63,237,882$38,311,980$158,408,025
96$352,149,072$66,191,926$39,450,819$172,367,085
97$387,919,110$69,286,163$40,623,254$187,663,438
98$427,332,994$72,527,320$41,830,268$204,429,894
99$470,762,246$75,922,446$43,072,869$222,812,650
100$518,616,283$79,478,933$44,352,098$242,972,656