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

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,200,326
2 years$625,475$613,826$602,537$591,591$580,973$561,162
3 years$412,841$401,142$389,881$379,038$368,593$349,305
4 years$306,545$294,882$283,734$273,075$262,884$244,268
5 years$242,784$231,191$220,189$209,748$199,840$181,950
6 years$200,291$188,785$177,945$167,737$158,127$140,983
7 years$169,950$158,541$147,873$137,906$128,599$112,207
8 years$147,205$135,899$125,408$115,686$106,686$91,041
9 years$129,524$118,325$108,014$98,539$89,845$74,941
10 years$115,387$104,297$94,169$84,941$76,552$62,376
11 years$103,829$92,850$82,905$73,924$65,837$52,374
12 years$94,203$83,337$73,576$64,842$57,053$44,286
13 years$86,065$75,312$65,735$57,245$49,752$37,662
14 years$79,095$68,457$59,064$50,816$43,612$32,179
15 years$73,060$62,537$53,326$45,319$38,399$27,602
16 years$67,785$57,376$48,348$40,578$33,937$23,754
17 years$63,135$52,841$43,995$36,459$30,091$20,499
18 years$59,006$48,828$40,162$32,857$26,756$17,732
19 years$55,316$45,253$36,766$29,689$23,848$15,368
20 years$52,000$42,051$33,742$26,889$21,302$13,343
21 years$49,003$39,169$31,036$24,404$19,062$11,601
22 years$46,282$36,563$28,605$22,189$17,087$10,100
23 years$43,802$34,197$26,411$20,208$15,338$8,802
24 years$41,531$32,040$24,426$18,431$13,786$7,679
25 years$39,446$30,068$22,623$16,832$12,405$6,704
26 years$37,524$28,259$20,982$15,390$11,174$5,857
27 years$35,747$26,595$19,484$14,087$10,075$5,120
28 years$34,100$25,060$18,113$12,907$9,091$4,479
29 years$32,570$23,642$16,855$11,836$8,209$3,919
30 years$31,144$22,327$15,700$10,862$7,417$3,431
31 years$29,813$21,106$14,637$9,976$6,706$3,005
32 years$28,568$19,971$13,656$9,168$6,066$2,632
33 years$27,400$18,913$12,751$8,431$5,489$2,307
34 years$26,304$17,925$11,914$7,757$4,970$2,022
35 years$25,272$17,002$11,139$7,141$4,502$1,772
36 years$24,300$16,137$10,420$6,577$4,079$1,554
37 years$23,383$15,326$9,753$6,060$3,697$1,363
38 years$22,516$14,566$9,133$5,585$3,351$1,195
39 years$21,695$13,850$8,557$5,150$3,039$1,049
40 years$20,918$13,178$8,020$4,750$2,757$920
41 years$20,180$12,544$7,520$4,382$2,501$807
42 years$19,479$11,946$7,054$4,044$2,269$708
43 years$18,813$11,382$6,620$3,734$2,059$621
44 years$18,179$10,850$6,214$3,447$1,869$545
45 years$17,574$10,346$5,834$3,184$1,697$479
46 years$16,998$9,870$5,480$2,941$1,541$420
47 years$16,448$9,419$5,148$2,717$1,399$369
48 years$15,922$8,992$4,838$2,511$1,271$324
49 years$15,419$8,587$4,547$2,320$1,154$284
50 years$14,938$8,202$4,275$2,145$1,048$249

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 $4,016 every year, while hoping to spend $25,551 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: 67/9/24 Blend
63$15,300,000$15,300,000$15,300,000$15,300,000
64$16,864,743$16,053,843$15,816,693$17,890,395
65$18,557,760$16,813,295$16,319,366$19,339,332
66$20,422,609$17,609,104$16,838,022$20,920,073
67$22,476,790$18,443,024$17,373,170$22,648,297
68$24,739,585$19,316,895$17,925,334$24,538,544
69$27,232,246$20,232,646$18,495,056$26,606,821
70$29,978,189$21,192,300$19,082,894$28,870,747
71$33,003,218$22,197,976$19,689,425$31,349,717
72$36,335,769$23,251,899$20,315,243$34,065,085
73$40,007,175$24,356,401$20,960,962$37,040,357
74$44,051,968$25,513,925$21,627,215$40,301,417
75$48,508,197$26,727,036$22,314,655$43,876,764
76$53,417,794$27,998,422$23,023,957$47,797,777
77$58,826,965$29,330,901$23,755,816$52,099,011
78$64,786,630$30,727,429$24,510,949$56,818,520
79$71,352,898$32,191,105$25,290,098$61,998,208
80$78,587,604$33,725,179$26,094,027$67,684,226
81$86,558,886$35,333,060$26,923,524$73,927,401
82$95,341,833$37,018,320$27,779,402$80,783,712
83$105,019,189$38,784,706$28,662,501$88,314,817
84$115,682,139$40,636,150$29,573,687$96,588,626
85$127,431,166$42,576,770$30,513,855$105,679,940
86$140,377,001$44,610,888$31,483,925$115,671,155
87$154,641,669$46,743,035$32,484,851$126,653,028
88$170,359,639$48,977,964$33,517,613$138,725,537
89$187,679,095$51,320,656$34,583,225$151,998,812
90$206,763,332$53,776,338$35,682,732$166,594,176
91$227,792,302$56,350,488$36,817,214$182,645,279
92$250,964,308$59,048,854$37,987,782$200,299,353
93$276,497,881$61,877,461$39,195,587$219,718,604
94$304,633,838$64,842,630$40,441,811$241,081,726
95$335,637,557$67,950,986$41,727,680$264,585,589
96$369,801,484$71,209,481$43,054,453$290,447,086
97$407,447,891$74,625,402$44,423,434$318,905,174
98$448,931,923$78,206,393$45,835,965$350,223,126
99$494,644,942$81,960,469$47,293,433$384,691,002
100$545,018,231$85,896,037$48,797,268$422,628,383