Can I retire at age 64 with 15,200,000?

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,201,914
2 years$621,387$609,814$598,598$587,724$577,176$566,940
3 years$410,143$398,520$387,333$376,560$366,184$356,186
4 years$304,542$292,955$281,879$271,291$261,166$251,482
5 years$241,198$229,680$218,750$208,377$198,534$189,193
6 years$198,982$187,551$176,782$166,641$157,093$148,107
7 years$168,840$157,505$146,907$137,005$127,759$119,131
8 years$146,243$135,011$124,589$114,930$105,988$97,719
9 years$128,678$117,551$107,308$97,895$89,257$81,344
10 years$114,633$103,616$93,554$84,386$76,052$68,490
11 years$103,150$92,243$82,363$73,441$65,407$58,191
12 years$93,587$82,792$73,095$64,418$56,680$49,803
13 years$85,502$74,820$65,306$56,871$49,426$42,881
14 years$78,578$68,009$58,678$50,484$43,327$37,105
15 years$72,583$62,128$52,978$45,023$38,148$32,240
16 years$67,342$57,001$48,032$40,313$33,716$28,113
17 years$62,722$52,496$43,707$36,221$29,895$24,587
18 years$58,621$48,509$39,899$32,642$26,581$21,559
19 years$54,955$44,957$36,526$29,495$23,692$18,946
20 years$51,660$41,776$33,522$26,714$21,162$16,681
21 years$48,683$38,913$30,833$24,244$18,938$14,712
22 years$45,980$36,324$28,418$22,044$16,975$12,993
23 years$43,515$33,973$26,239$20,076$15,238$11,490
24 years$41,260$31,831$24,266$18,310$13,696$10,172
25 years$39,188$29,871$22,476$16,722$12,324$9,014
26 years$37,279$28,074$20,845$15,290$11,101$7,995
27 years$35,514$26,421$19,356$13,995$10,009$7,096
28 years$33,877$24,897$17,994$12,822$9,031$6,303
29 years$32,357$23,487$16,745$11,758$8,155$5,601
30 years$30,941$22,181$15,598$10,791$7,368$4,980
31 years$29,618$20,968$14,541$9,911$6,662$4,430
32 years$28,381$19,840$13,567$9,108$6,026$3,943
33 years$27,221$18,789$12,668$8,376$5,454$3,510
34 years$26,132$17,808$11,836$7,707$4,938$3,126
35 years$25,107$16,890$11,066$7,094$4,472$2,784
36 years$24,141$16,032$10,352$6,534$4,052$2,481
37 years$23,230$15,226$9,689$6,020$3,672$2,211
38 years$22,368$14,470$9,073$5,549$3,329$1,971
39 years$21,553$13,760$8,501$5,116$3,019$1,757
40 years$20,781$13,091$7,968$4,719$2,739$1,567
41 years$20,048$12,462$7,471$4,354$2,485$1,397
42 years$19,352$11,868$7,008$4,018$2,254$1,246
43 years$18,690$11,308$6,576$3,709$2,046$1,112
44 years$18,060$10,779$6,173$3,425$1,857$992
45 years$17,459$10,279$5,796$3,163$1,686$885
46 years$16,887$9,805$5,444$2,922$1,531$790
47 years$16,340$9,357$5,115$2,699$1,390$705
48 years$15,818$8,933$4,806$2,494$1,262$629
49 years$15,318$8,530$4,518$2,305$1,147$561
50 years$14,841$8,149$4,247$2,131$1,041$501

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $15,200,000, adding $5,830 every year, while hoping to spend $34,309 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: 71/23/6 Blend
63$15,200,000$15,200,000$15,200,000$15,200,000
64$16,756,414$15,950,814$15,715,214$17,932,991
65$18,429,063$16,695,899$16,205,169$19,455,498
66$20,271,173$17,476,344$16,710,388$21,116,527
67$22,299,993$18,293,844$17,231,345$22,933,560
68$24,534,528$19,150,178$17,768,531$24,921,929
69$26,995,724$20,047,211$18,322,451$27,098,502
70$29,706,660$20,986,897$18,893,625$29,481,840
71$32,692,768$21,971,284$19,482,591$32,092,371
72$35,982,075$23,002,521$20,089,902$34,952,575
73$39,605,462$24,082,861$20,716,130$38,087,194
74$43,596,962$25,214,663$21,361,862$41,523,461
75$47,994,074$26,400,403$22,027,706$45,291,352
76$52,838,123$27,642,677$22,714,288$49,423,866
77$58,174,648$28,944,204$23,422,253$53,957,329
78$64,053,830$30,307,838$24,152,267$58,931,734
79$70,530,968$31,736,569$24,905,015$64,391,111
80$77,666,999$33,233,533$25,681,205$70,383,941
81$85,529,073$34,802,018$26,481,566$76,963,601
82$94,191,191$36,445,469$27,306,851$84,188,868
83$103,734,897$38,167,501$28,157,835$92,124,466
84$114,250,051$39,971,903$29,035,317$100,841,665
85$125,835,678$41,862,648$29,940,122$110,418,956
86$138,600,900$43,843,901$30,873,099$120,942,776
87$152,665,970$45,920,030$31,835,126$132,508,320
88$168,163,402$48,095,615$32,827,106$145,220,431
89$185,239,225$50,375,456$33,849,970$159,194,583
90$204,054,362$52,764,589$34,904,680$174,557,959
91$224,786,146$55,268,293$35,992,225$191,450,642
92$247,629,996$57,892,103$37,113,628$210,026,933
93$272,801,263$60,641,823$38,269,942$230,456,791
94$300,537,258$63,523,539$39,462,251$252,927,430
95$331,099,499$66,543,632$40,691,677$277,645,075
96$364,776,172$69,708,794$41,959,372$304,836,896
97$401,884,858$73,026,042$43,266,528$334,753,141
98$442,775,528$76,502,733$44,614,371$367,669,486
99$487,833,847$80,146,581$46,004,168$403,889,623
100$537,484,813$83,965,678$47,437,221$443,748,112