Can I retire at age 64 with 15,300,000?

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 $15,300,000?

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$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,183,835
2 years$625,475$613,826$602,537$591,591$580,973$544,793
3 years$412,841$401,142$389,881$379,038$368,593$333,575
4 years$306,545$294,882$283,734$273,075$262,884$229,297
5 years$242,784$231,191$220,189$209,748$199,840$167,775
6 years$200,291$188,785$177,945$167,737$158,127$127,613
7 years$169,950$158,541$147,873$137,906$128,599$99,636
8 years$147,205$135,899$125,408$115,686$106,686$79,254
9 years$129,524$118,325$108,014$98,539$89,845$63,917
10 years$115,387$104,297$94,169$84,941$76,552$52,093
11 years$103,829$92,850$82,905$73,924$65,837$42,804
12 years$94,203$83,337$73,576$64,842$57,053$35,400
13 years$86,065$75,312$65,735$57,245$49,752$29,429
14 years$79,095$68,457$59,064$50,816$43,612$24,568
15 years$73,060$62,537$53,326$45,319$38,399$20,580
16 years$67,785$57,376$48,348$40,578$33,937$17,289
17 years$63,135$52,841$43,995$36,459$30,091$14,558
18 years$59,006$48,828$40,162$32,857$26,756$12,282
19 years$55,316$45,253$36,766$29,689$23,848$10,379
20 years$52,000$42,051$33,742$26,889$21,302$8,782
21 years$49,003$39,169$31,036$24,404$19,062$7,440
22 years$46,282$36,563$28,605$22,189$17,087$6,309
23 years$43,802$34,197$26,411$20,208$15,338$5,354
24 years$41,531$32,040$24,426$18,431$13,786$4,547
25 years$39,446$30,068$22,623$16,832$12,405$3,864
26 years$37,524$28,259$20,982$15,390$11,174$3,285
27 years$35,747$26,595$19,484$14,087$10,075$2,794
28 years$34,100$25,060$18,113$12,907$9,091$2,377
29 years$32,570$23,642$16,855$11,836$8,209$2,023
30 years$31,144$22,327$15,700$10,862$7,417$1,722
31 years$29,813$21,106$14,637$9,976$6,706$1,466
32 years$28,568$19,971$13,656$9,168$6,066$1,249
33 years$27,400$18,913$12,751$8,431$5,489$1,064
34 years$26,304$17,925$11,914$7,757$4,970$906
35 years$25,272$17,002$11,139$7,141$4,502$772
36 years$24,300$16,137$10,420$6,577$4,079$658
37 years$23,383$15,326$9,753$6,060$3,697$560
38 years$22,516$14,566$9,133$5,585$3,351$478
39 years$21,695$13,850$8,557$5,150$3,039$407
40 years$20,918$13,178$8,020$4,750$2,757$347
41 years$20,180$12,544$7,520$4,382$2,501$296
42 years$19,479$11,946$7,054$4,044$2,269$252
43 years$18,813$11,382$6,620$3,734$2,059$215
44 years$18,179$10,850$6,214$3,447$1,869$183
45 years$17,574$10,346$5,834$3,184$1,697$156
46 years$16,998$9,870$5,480$2,941$1,541$133
47 years$16,448$9,419$5,148$2,717$1,399$113
48 years$15,922$8,992$4,838$2,511$1,271$97
49 years$15,419$8,587$4,547$2,320$1,154$82
50 years$14,938$8,202$4,275$2,145$1,048$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $15,300,000, adding $5,567 every year, while hoping to spend $31,953 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: 30/40/30 Blend
63$15,300,000$15,300,000$15,300,000$15,300,000
64$16,866,342$16,055,442$15,818,292$17,216,992
65$18,552,712$16,808,161$16,314,207$18,246,499
66$20,410,019$17,596,693$16,825,665$19,350,035
67$22,455,668$18,422,757$17,353,151$20,536,557
68$24,708,833$19,288,159$17,897,169$21,813,317
69$27,190,646$20,194,791$18,458,236$23,188,257
70$29,924,392$21,144,635$19,036,886$24,670,071
71$32,935,729$22,139,771$19,633,671$26,268,287
72$36,252,932$23,182,379$20,249,158$27,993,342
73$39,907,159$24,274,744$20,883,933$29,856,678
74$43,932,745$25,419,262$21,538,601$31,870,839
75$48,367,525$26,618,446$22,213,784$34,049,581
76$53,253,193$27,874,930$22,910,125$36,407,992
77$58,635,692$29,191,475$23,628,288$38,962,625
78$64,565,652$30,570,977$24,368,955$41,731,647
79$71,098,866$32,016,472$25,132,832$44,734,993
80$78,296,814$33,531,142$25,920,646$47,994,552
81$86,227,247$35,118,327$26,733,146$51,534,354
82$94,964,825$36,781,524$27,571,105$55,380,791
83$104,591,823$38,524,404$28,435,323$59,562,848
84$115,198,902$40,350,813$29,326,619$64,112,369
85$126,885,973$42,264,786$30,245,844$69,064,339
86$139,763,134$44,270,552$31,193,871$74,457,204
87$153,951,711$46,372,546$32,171,603$80,333,214
88$169,585,404$48,575,420$33,179,971$86,738,811
89$186,811,548$50,884,049$34,219,933$93,725,047
90$205,792,505$53,303,546$35,292,479$101,348,051
91$226,707,194$55,839,273$36,398,631$109,669,541
92$249,752,783$58,496,852$37,539,440$118,757,385
93$275,146,547$61,282,179$38,715,992$128,686,225
94$303,127,924$64,201,434$39,929,406$139,538,161
95$333,960,768$67,261,100$41,180,837$151,403,500
96$367,935,847$70,467,975$42,471,476$164,381,592
97$405,373,583$73,829,185$43,802,550$178,581,739
98$446,627,079$77,352,206$45,175,326$194,124,208
99$492,085,451$81,044,874$46,591,110$211,141,333
100$542,177,503$84,915,409$48,051,248$229,778,743