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%17.4%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,183,359
2 years$625,475$613,826$602,537$591,591$580,973$544,324
3 years$412,841$401,142$389,881$379,038$368,593$333,127
4 years$306,545$294,882$283,734$273,075$262,884$228,873
5 years$242,784$231,191$220,189$209,748$199,840$167,377
6 years$200,291$188,785$177,945$167,737$158,127$127,240
7 years$169,950$158,541$147,873$137,906$128,599$99,288
8 years$147,205$135,899$125,408$115,686$106,686$78,931
9 years$129,524$118,325$108,014$98,539$89,845$63,618
10 years$115,387$104,297$94,169$84,941$76,552$51,817
11 years$103,829$92,850$82,905$73,924$65,837$42,550
12 years$94,203$83,337$73,576$64,842$57,053$35,166
13 years$86,065$75,312$65,735$57,245$49,752$29,215
14 years$79,095$68,457$59,064$50,816$43,612$24,372
15 years$73,060$62,537$53,326$45,319$38,399$20,402
16 years$67,785$57,376$48,348$40,578$33,937$17,127
17 years$63,135$52,841$43,995$36,459$30,091$14,411
18 years$59,006$48,828$40,162$32,857$26,756$12,149
19 years$55,316$45,253$36,766$29,689$23,848$10,259
20 years$52,000$42,051$33,742$26,889$21,302$8,674
21 years$49,003$39,169$31,036$24,404$19,062$7,343
22 years$46,282$36,563$28,605$22,189$17,087$6,222
23 years$43,802$34,197$26,411$20,208$15,338$5,276
24 years$41,531$32,040$24,426$18,431$13,786$4,477
25 years$39,446$30,068$22,623$16,832$12,405$3,801
26 years$37,524$28,259$20,982$15,390$11,174$3,229
27 years$35,747$26,595$19,484$14,087$10,075$2,744
28 years$34,100$25,060$18,113$12,907$9,091$2,333
29 years$32,570$23,642$16,855$11,836$8,209$1,984
30 years$31,144$22,327$15,700$10,862$7,417$1,687
31 years$29,813$21,106$14,637$9,976$6,706$1,435
32 years$28,568$19,971$13,656$9,168$6,066$1,221
33 years$27,400$18,913$12,751$8,431$5,489$1,039
34 years$26,304$17,925$11,914$7,757$4,970$885
35 years$25,272$17,002$11,139$7,141$4,502$753
36 years$24,300$16,137$10,420$6,577$4,079$641
37 years$23,383$15,326$9,753$6,060$3,697$546
38 years$22,516$14,566$9,133$5,585$3,351$465
39 years$21,695$13,850$8,557$5,150$3,039$396
40 years$20,918$13,178$8,020$4,750$2,757$337
41 years$20,180$12,544$7,520$4,382$2,501$287
42 years$19,479$11,946$7,054$4,044$2,269$244
43 years$18,813$11,382$6,620$3,734$2,059$208
44 years$18,179$10,850$6,214$3,447$1,869$177
45 years$17,574$10,346$5,834$3,184$1,697$151
46 years$16,998$9,870$5,480$2,941$1,541$129
47 years$16,448$9,419$5,148$2,717$1,399$110
48 years$15,922$8,992$4,838$2,511$1,271$93
49 years$15,419$8,587$4,547$2,320$1,154$79
50 years$14,938$8,202$4,275$2,145$1,048$68

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 $3,979 every year, while hoping to spend $30,145 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: 32/46/22 Blend
63$15,300,000$15,300,000$15,300,000$15,300,000
64$16,864,704$16,053,804$15,816,654$17,289,748
65$18,552,830$16,808,367$16,314,438$18,364,599
66$20,412,134$17,598,892$16,827,888$19,518,531
67$22,460,046$18,427,111$17,357,495$20,760,837
68$24,715,769$19,294,838$17,903,770$22,099,282
69$27,200,467$20,203,975$18,467,236$23,542,365
70$29,937,460$21,156,516$19,048,434$25,099,396
71$32,952,447$22,154,551$19,647,923$26,780,573
72$36,273,746$23,200,273$20,266,277$28,597,070
73$39,932,562$24,295,980$20,904,091$30,561,135
74$43,963,282$25,444,082$21,561,977$32,686,198
75$48,403,800$26,647,106$22,240,567$34,986,984
76$53,295,873$27,907,699$22,940,511$37,479,644
77$58,685,517$29,228,641$23,662,483$40,181,899
78$64,623,438$30,612,843$24,407,175$43,113,192
79$71,165,515$32,063,359$25,175,301$46,294,866
80$78,373,325$33,583,391$25,967,601$49,750,347
81$86,314,722$35,176,295$26,784,834$53,505,356
82$95,064,482$36,845,592$27,627,784$57,588,139
83$104,705,006$38,594,973$28,497,262$62,029,720
84$115,327,098$40,428,308$29,394,101$66,864,177
85$127,030,822$42,349,654$30,319,164$72,128,950
86$139,926,447$44,363,269$31,273,337$77,865,181
87$154,135,488$46,473,612$32,257,537$84,118,081
88$169,791,853$48,685,364$33,272,709$90,937,344
89$187,043,104$51,003,429$34,319,827$98,377,597
90$206,051,857$53,432,953$35,399,897$106,498,895
91$226,997,308$55,979,330$36,513,956$115,367,268
92$250,076,933$58,648,216$37,663,073$125,055,328
93$275,508,345$61,445,544$38,848,351$135,642,926
94$303,531,354$64,377,533$40,070,928$147,217,890
95$334,410,225$67,450,706$41,331,978$159,876,824
96$368,436,180$70,671,902$42,632,711$173,726,001
97$405,930,140$74,048,295$43,974,376$188,882,335
98$447,245,758$77,587,405$45,358,262$205,474,462
99$492,772,758$81,297,120$46,785,696$223,643,920
100$542,940,611$85,185,711$48,258,048$243,546,463