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

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,197,420
2 years$621,387$609,814$598,598$587,724$577,176$562,433
3 years$410,143$398,520$387,333$376,560$366,184$351,806
4 years$304,542$292,955$281,879$271,291$261,166$247,262
5 years$241,198$229,680$218,750$208,377$198,534$185,146
6 years$198,982$187,551$176,782$166,641$157,093$144,238
7 years$168,840$157,505$146,907$137,005$127,759$115,440
8 years$146,243$135,011$124,589$114,930$105,988$94,206
9 years$128,678$117,551$107,308$97,895$89,257$78,006
10 years$114,633$103,616$93,554$84,386$76,052$65,324
11 years$103,150$92,243$82,363$73,441$65,407$55,193
12 years$93,587$82,792$73,095$64,418$56,680$46,969
13 years$85,502$74,820$65,306$56,871$49,426$40,205
14 years$78,578$68,009$58,678$50,484$43,327$34,583
15 years$72,583$62,128$52,978$45,023$38,148$29,867
16 years$67,342$57,001$48,032$40,313$33,716$25,883
17 years$62,722$52,496$43,707$36,221$29,895$22,495
18 years$58,621$48,509$39,899$32,642$26,581$19,598
19 years$54,955$44,957$36,526$29,495$23,692$17,111
20 years$51,660$41,776$33,522$26,714$21,162$14,967
21 years$48,683$38,913$30,833$24,244$18,938$13,111
22 years$45,980$36,324$28,418$22,044$16,975$11,502
23 years$43,515$33,973$26,239$20,076$15,238$10,102
24 years$41,260$31,831$24,266$18,310$13,696$8,881
25 years$39,188$29,871$22,476$16,722$12,324$7,815
26 years$37,279$28,074$20,845$15,290$11,101$6,882
27 years$35,514$26,421$19,356$13,995$10,009$6,065
28 years$33,877$24,897$17,994$12,822$9,031$5,348
29 years$32,357$23,487$16,745$11,758$8,155$4,718
30 years$30,941$22,181$15,598$10,791$7,368$4,165
31 years$29,618$20,968$14,541$9,911$6,662$3,677
32 years$28,381$19,840$13,567$9,108$6,026$3,248
33 years$27,221$18,789$12,668$8,376$5,454$2,870
34 years$26,132$17,808$11,836$7,707$4,938$2,537
35 years$25,107$16,890$11,066$7,094$4,472$2,243
36 years$24,141$16,032$10,352$6,534$4,052$1,983
37 years$23,230$15,226$9,689$6,020$3,672$1,754
38 years$22,368$14,470$9,073$5,549$3,329$1,552
39 years$21,553$13,760$8,501$5,116$3,019$1,373
40 years$20,781$13,091$7,968$4,719$2,739$1,215
41 years$20,048$12,462$7,471$4,354$2,485$1,075
42 years$19,352$11,868$7,008$4,018$2,254$951
43 years$18,690$11,308$6,576$3,709$2,046$842
44 years$18,060$10,779$6,173$3,425$1,857$745
45 years$17,459$10,279$5,796$3,163$1,686$660
46 years$16,887$9,805$5,444$2,922$1,531$584
47 years$16,340$9,357$5,115$2,699$1,390$517
48 years$15,818$8,933$4,806$2,494$1,262$458
49 years$15,318$8,530$4,518$2,305$1,147$405
50 years$14,841$8,149$4,247$2,131$1,041$359

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 $4,071 every year, while hoping to spend $34,338 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: 79/13/8 Blend
63$15,200,000$15,200,000$15,200,000$15,200,000
64$16,754,599$15,948,999$15,713,399$18,059,992
65$18,427,033$16,693,965$16,203,263$19,661,723
66$20,268,904$17,474,283$16,708,386$21,413,498
67$22,297,459$18,291,649$17,229,243$23,334,152
68$24,531,702$19,147,842$17,766,325$25,440,514
69$26,992,575$20,044,726$18,320,136$27,751,111
70$29,703,153$20,984,253$18,891,197$30,286,342
71$32,688,867$21,968,474$19,480,044$33,068,669
72$35,977,738$22,999,535$20,087,232$36,122,827
73$39,600,643$24,079,689$20,713,330$39,476,050
74$43,591,610$25,211,295$21,358,928$43,158,333
75$47,988,134$26,396,828$22,024,632$47,202,707
76$52,831,534$27,638,883$22,711,067$51,645,549
77$58,167,342$28,940,180$23,418,880$56,526,921
78$64,045,733$30,303,571$24,148,734$61,890,950
79$70,521,997$31,732,045$24,901,316$67,786,235
80$77,657,064$33,228,738$25,677,333$74,266,306
81$85,518,075$34,796,937$26,477,514$81,390,123
82$94,179,019$36,440,087$27,302,611$89,222,633
83$103,721,429$38,161,801$28,153,399$97,835,372
84$114,235,153$39,965,868$29,030,676$107,307,145
85$125,819,203$41,856,260$29,935,268$117,724,757
86$138,582,686$43,837,141$30,868,024$129,183,835
87$152,645,837$45,912,878$31,829,820$141,789,720
88$168,141,153$48,088,049$32,821,559$155,658,461
89$185,214,642$50,367,455$33,844,173$170,917,902
90$204,027,204$52,756,129$34,898,621$187,708,885
91$224,756,148$55,259,349$35,985,895$206,186,573
92$247,596,868$57,882,649$37,107,014$226,521,911
93$272,764,681$60,631,832$38,263,033$248,903,231
94$300,496,870$63,512,983$39,455,035$273,538,022
95$331,054,912$66,532,481$40,684,140$300,654,888
96$364,726,957$69,697,016$41,951,503$330,505,691
97$401,830,540$73,013,603$43,258,312$363,367,928
98$442,715,584$76,489,599$44,605,794$399,547,339
99$487,767,700$80,132,715$45,995,214$439,380,786
100$537,411,827$83,951,041$47,427,876$483,239,425