Can I retire at age 64 with 15,100,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,171,187
2 years$617,299$605,802$594,660$583,857$573,379$540,465
3 years$407,445$395,899$384,785$374,083$363,775$331,886
4 years$302,538$291,027$280,025$269,506$259,447$228,827
5 years$239,611$228,169$217,311$207,006$197,228$167,961
6 years$197,673$186,317$175,619$165,545$156,060$128,175
7 years$167,729$156,469$145,940$136,103$126,918$100,416
8 years$145,281$134,123$123,769$114,174$105,291$80,157
9 years$127,831$116,778$106,602$97,251$88,670$64,881
10 years$113,879$102,934$92,938$83,831$75,551$53,077
11 years$102,471$91,636$81,821$72,958$64,977$43,781
12 years$92,972$82,248$72,614$63,994$56,307$36,352
13 years$84,940$74,328$64,876$56,497$49,101$30,343
14 years$78,061$67,562$58,292$50,152$43,042$25,436
15 years$72,105$61,719$52,629$44,727$37,897$21,398
16 years$66,899$56,626$47,716$40,048$33,494$18,053
17 years$62,310$52,150$43,420$35,983$29,698$15,268
18 years$58,235$48,189$39,637$32,428$26,406$12,939
19 years$54,593$44,661$36,286$29,301$23,536$10,983
20 years$51,320$41,502$33,301$26,538$21,023$9,336
21 years$48,362$38,657$30,631$24,085$18,813$7,946
22 years$45,677$36,085$28,231$21,899$16,863$6,770
23 years$43,229$33,750$26,066$19,943$15,138$5,772
24 years$40,988$31,621$24,107$18,190$13,606$4,925
25 years$38,930$29,675$22,328$16,612$12,243$4,205
26 years$37,033$27,890$20,708$15,189$11,028$3,593
27 years$35,280$26,247$19,229$13,903$9,943$3,070
28 years$33,655$24,733$17,876$12,738$8,972$2,625
29 years$32,144$23,333$16,635$11,681$8,101$2,245
30 years$30,737$22,035$15,495$10,720$7,320$1,921
31 years$29,423$20,830$14,445$9,846$6,618$1,644
32 years$28,194$19,710$13,478$9,048$5,986$1,407
33 years$27,042$18,666$12,584$8,321$5,418$1,204
34 years$25,960$17,691$11,758$7,656$4,905$1,031
35 years$24,942$16,779$10,993$7,048$4,443$883
36 years$23,982$15,926$10,284$6,491$4,025$756
37 years$23,077$15,126$9,625$5,980$3,648$647
38 years$22,221$14,375$9,014$5,512$3,308$554
39 years$21,411$13,669$8,445$5,083$2,999$475
40 years$20,644$13,005$7,915$4,688$2,721$407
41 years$19,916$12,380$7,422$4,325$2,468$349
42 years$19,225$11,790$6,962$3,992$2,240$299
43 years$18,567$11,234$6,533$3,685$2,033$256
44 years$17,941$10,708$6,132$3,402$1,845$219
45 years$17,345$10,211$5,758$3,142$1,675$188
46 years$16,776$9,741$5,408$2,902$1,521$161
47 years$16,233$9,296$5,081$2,681$1,381$138
48 years$15,714$8,874$4,775$2,478$1,254$118
49 years$15,218$8,474$4,488$2,290$1,139$101
50 years$14,743$8,095$4,219$2,117$1,035$87

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $15,100,000, adding $5,204 every year, while hoping to spend $28,444 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: 43/27/30 Blend
63$15,100,000$15,100,000$15,100,000$15,100,000
64$16,645,568$15,845,268$15,611,218$17,215,422
65$18,313,152$16,591,422$16,103,930$18,372,114
66$20,149,876$17,373,184$16,612,194$19,621,534
67$22,172,962$18,192,269$17,136,501$20,974,810
68$24,401,389$19,050,475$17,677,359$22,441,603
69$26,856,069$19,949,687$18,235,289$24,032,518
70$29,560,048$20,891,881$18,810,830$25,759,202
71$32,538,718$21,879,129$19,404,539$27,634,448
72$35,820,065$22,913,604$20,016,989$29,672,308
73$39,434,925$23,997,584$20,648,771$31,888,225
74$43,417,279$25,133,457$21,300,497$34,299,166
75$47,804,573$26,323,728$21,972,795$36,923,780
76$52,638,071$27,571,022$22,666,315$39,782,566
77$57,963,244$28,878,092$23,381,727$42,898,057
78$63,830,202$30,247,826$24,119,722$46,295,032
79$70,294,164$31,683,250$24,881,013$50,000,734
80$77,415,977$33,187,538$25,666,335$54,045,124
81$85,262,698$34,764,018$26,476,448$58,461,155
82$93,908,218$36,416,180$27,312,134$63,285,073
83$103,433,966$38,147,683$28,174,201$68,556,749
84$113,929,674$39,962,363$29,063,480$74,320,050
85$125,494,226$41,864,244$29,980,832$80,623,239
86$138,236,589$43,857,544$30,927,142$87,519,420
87$152,276,846$45,946,688$31,903,326$95,067,033
88$167,747,322$48,136,314$32,910,325$103,330,387
89$184,793,841$50,431,286$33,949,114$112,380,263
90$203,577,099$52,836,704$35,020,695$122,294,562
91$224,274,179$55,357,918$36,126,104$133,159,035
92$247,080,225$58,000,537$37,266,408$145,068,072
93$272,210,286$60,770,441$38,442,711$158,125,583
94$299,901,342$63,673,799$39,656,148$172,445,963
95$330,414,541$66,717,078$40,907,892$188,155,156
96$364,037,670$69,907,060$42,199,152$205,391,828
97$401,087,864$73,250,858$43,531,176$224,308,659
98$441,914,607$76,755,931$44,905,250$245,073,765
99$486,903,024$80,430,099$46,322,704$267,872,271
100$536,477,523$84,281,564$47,784,905$292,908,033