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%15.4%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,161,784
2 years$609,123$597,778$586,784$576,124$565,784$539,361
3 years$402,048$390,655$379,688$369,128$358,957$333,299
4 years$298,531$287,173$276,316$265,936$256,011$231,315
5 years$236,437$225,147$214,432$204,264$194,615$170,952
6 years$195,055$183,849$173,293$163,352$153,993$131,385
7 years$165,507$154,396$144,007$134,301$125,237$103,691
8 years$143,357$132,346$122,130$112,661$103,896$83,403
9 years$126,138$115,231$105,190$95,963$87,496$68,040
10 years$112,371$101,571$91,707$82,721$74,551$56,113
11 years$101,114$90,422$80,738$71,992$64,116$46,671
12 years$91,740$81,158$71,653$63,146$55,562$39,082
13 years$83,815$73,343$64,017$55,749$48,451$32,908
14 years$77,027$66,667$57,519$49,488$42,472$27,833
15 years$71,150$60,902$51,932$44,134$37,395$23,628
16 years$66,013$55,876$47,084$39,517$33,050$20,120
17 years$61,484$51,460$42,845$35,506$29,305$17,178
18 years$57,464$47,551$39,112$31,998$26,056$14,697
19 years$53,870$44,070$35,805$28,913$23,225$12,598
20 years$50,640$40,952$32,860$26,186$20,745$10,815
21 years$47,722$38,145$30,225$23,766$18,564$9,297
22 years$45,072$35,607$27,857$21,609$16,640$8,000
23 years$42,657$33,303$25,721$19,679$14,937$6,892
24 years$40,446$31,202$23,787$17,949$13,426$5,941
25 years$38,415$29,282$22,032$16,392$12,081$5,126
26 years$36,543$27,520$20,434$14,988$10,882$4,425
27 years$34,813$25,900$18,974$13,719$9,811$3,822
28 years$33,209$24,405$17,639$12,569$8,853$3,302
29 years$31,718$23,023$16,415$11,526$7,994$2,855
30 years$30,330$21,743$15,290$10,578$7,223$2,468
31 years$29,034$20,555$14,254$9,715$6,530$2,135
32 years$27,821$19,449$13,299$8,929$5,907$1,847
33 years$26,684$18,418$12,418$8,211$5,346$1,599
34 years$25,616$17,456$11,602$7,554$4,840$1,384
35 years$24,611$16,557$10,847$6,954$4,384$1,198
36 years$23,665$15,715$10,147$6,405$3,972$1,037
37 years$22,771$14,926$9,498$5,901$3,600$898
38 years$21,927$14,185$8,894$5,439$3,264$778
39 years$21,128$13,488$8,333$5,015$2,960$673
40 years$20,371$12,833$7,811$4,626$2,685$583
41 years$19,652$12,216$7,324$4,268$2,435$505
42 years$18,970$11,634$6,870$3,939$2,210$438
43 years$18,321$11,085$6,447$3,636$2,006$379
44 years$17,703$10,566$6,051$3,357$1,821$328
45 years$17,115$10,076$5,682$3,100$1,653$284
46 years$16,553$9,612$5,337$2,864$1,501$246
47 years$16,018$9,173$5,014$2,646$1,363$214
48 years$15,506$8,757$4,711$2,445$1,237$185
49 years$15,016$8,362$4,428$2,260$1,124$160
50 years$14,548$7,988$4,163$2,089$1,021$139

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 $4,001 every year, while hoping to spend $21,624 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: 39/49/12 Blend
63$14,900,000$14,900,000$14,900,000$14,900,000
64$16,423,927$15,634,227$15,403,277$17,004,859
65$18,076,160$16,377,296$15,896,279$18,159,883
66$19,896,196$17,156,051$16,405,072$19,405,535
67$21,901,127$17,972,218$16,930,162$20,751,905
68$24,109,791$18,827,605$17,472,071$22,208,082
69$26,542,943$19,724,111$18,031,339$23,784,029
70$29,223,456$20,663,726$18,608,521$25,490,669
71$32,176,536$21,648,535$19,204,193$27,339,978
72$35,429,956$22,680,727$19,818,948$29,345,091
73$39,014,325$23,762,595$20,453,395$31,520,418
74$42,963,370$24,896,547$21,108,169$33,881,769
75$47,314,260$26,085,104$21,783,918$36,446,496
76$52,107,952$27,330,912$22,481,318$39,233,645
77$57,389,582$28,636,745$23,201,060$42,264,127
78$63,208,886$30,005,513$23,943,863$45,560,902
79$69,620,675$31,440,265$24,710,465$49,149,185
80$76,685,348$32,944,202$25,501,629$53,056,674
81$84,469,463$34,520,677$26,318,143$57,313,798
82$93,046,367$36,173,210$27,160,820$61,953,987
83$102,496,888$37,905,488$28,030,499$67,013,981
84$112,910,095$39,721,382$28,928,045$72,534,157
85$124,384,143$41,624,948$29,854,353$78,558,894
86$137,027,196$43,620,441$30,810,344$85,136,982
87$150,958,450$45,712,323$31,796,971$92,322,061
88$166,309,259$47,905,273$32,815,216$100,173,110
89$183,224,371$50,204,199$33,866,093$108,754,988
90$201,863,299$52,614,247$34,950,650$118,139,025
91$222,401,824$55,140,813$36,069,965$128,403,677
92$245,033,655$57,789,558$37,225,153$139,635,243
93$269,972,258$60,566,417$38,417,367$151,928,661
94$297,452,872$63,477,615$39,647,792$165,388,379
95$327,734,727$66,529,680$40,917,655$180,129,315
96$361,103,494$69,729,459$42,228,221$196,277,923
97$397,873,979$73,084,131$43,580,795$213,973,352
98$438,393,098$76,601,227$44,976,725$233,368,738
99$483,043,151$80,288,644$46,417,402$254,632,616
100$532,245,429$84,154,664$47,904,262$277,950,485