Can I retire at age 64 with 15,400,000?

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 $15,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,182,566
2 years$629,563$617,838$606,475$595,457$584,770$539,492
3 years$415,540$403,764$392,429$381,515$371,002$327,321
4 years$308,549$296,809$285,588$274,860$264,602$222,851
5 years$244,371$232,702$221,628$211,119$201,146$161,434
6 years$201,600$190,019$179,108$168,834$159,160$121,515
7 years$171,061$159,577$148,840$138,807$129,440$93,852
8 years$148,168$136,787$126,228$116,442$107,383$73,820
9 years$130,371$119,098$108,720$99,183$90,432$58,848
10 years$116,142$104,979$94,785$85,497$77,052$47,390
11 years$104,507$93,457$83,447$74,408$66,268$38,464
12 years$94,819$83,882$74,057$65,265$57,426$31,411
13 years$86,627$75,805$66,165$57,620$50,077$25,777
14 years$79,612$68,904$59,450$51,148$43,897$21,237
15 years$73,538$62,945$53,675$45,615$38,650$17,552
16 years$68,228$57,751$48,664$40,844$34,159$14,544
17 years$63,548$53,187$44,283$36,698$30,288$12,076
18 years$59,392$49,147$40,424$33,072$26,931$10,045
19 years$55,678$45,549$37,006$29,883$24,004$8,367
20 years$52,340$42,326$33,963$27,065$21,441$6,978
21 years$49,323$39,425$31,239$24,563$19,187$5,825
22 years$46,585$36,802$28,792$22,334$17,198$4,867
23 years$44,088$34,420$26,584$20,340$15,438$4,069
24 years$41,803$32,249$24,586$18,551$13,876$3,404
25 years$39,704$30,264$22,771$16,942$12,487$2,849
26 years$37,769$28,444$21,119$15,491$11,247$2,385
27 years$35,981$26,769$19,611$14,179$10,141$1,997
28 years$34,323$25,224$18,231$12,991$9,150$1,673
29 years$32,783$23,796$16,966$11,913$8,262$1,402
30 years$31,348$22,473$15,803$10,933$7,465$1,175
31 years$30,008$21,244$14,732$10,041$6,749$985
32 years$28,754$20,101$13,746$9,228$6,105$826
33 years$27,579$19,036$12,834$8,486$5,525$692
34 years$26,475$18,042$11,992$7,808$5,003$581
35 years$25,437$17,113$11,211$7,188$4,531$487
36 years$24,459$16,242$10,488$6,620$4,105$408
37 years$23,535$15,427$9,817$6,099$3,721$342
38 years$22,663$14,661$9,193$5,622$3,373$287
39 years$21,837$13,941$8,613$5,183$3,059$241
40 years$21,054$13,264$8,073$4,781$2,775$202
41 years$20,312$12,626$7,570$4,411$2,517$169
42 years$19,606$12,024$7,101$4,071$2,284$142
43 years$18,936$11,457$6,663$3,758$2,073$119
44 years$18,297$10,921$6,254$3,470$1,882$100
45 years$17,689$10,414$5,873$3,204$1,708$84
46 years$17,109$9,934$5,516$2,960$1,551$70
47 years$16,555$9,481$5,182$2,735$1,408$59
48 years$16,026$9,050$4,869$2,527$1,279$50
49 years$15,520$8,643$4,577$2,335$1,162$42
50 years$15,036$8,256$4,303$2,159$1,055$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $15,400,000, adding $6,017 every year, while hoping to spend $47,774 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: 63/18/19 Blend
63$15,400,000$15,400,000$15,400,000$15,400,000
64$16,977,007$16,160,807$15,922,107$17,963,991
65$18,657,830$16,901,855$16,404,666$19,370,134
66$20,508,496$17,677,613$16,901,790$20,899,201
67$22,546,279$18,489,733$17,413,916$22,567,991
68$24,790,212$19,339,942$17,941,494$24,390,134
69$27,261,269$20,230,054$18,484,990$26,380,624
70$29,982,560$21,161,969$19,044,879$28,555,959
71$32,979,554$22,137,678$19,621,655$30,934,292
72$36,280,313$23,159,268$20,215,825$33,535,601
73$39,915,759$24,228,927$20,827,909$36,381,869
74$43,919,969$25,348,947$21,458,447$39,497,292
75$48,330,492$26,521,731$22,107,991$42,908,503
76$53,188,704$27,749,798$22,777,111$46,644,814
77$58,540,202$29,035,789$23,466,394$50,738,496
78$64,435,230$30,382,470$24,176,445$55,225,072
79$70,929,154$31,792,741$24,907,887$60,143,651
80$78,082,987$33,269,645$25,661,360$65,537,292
81$85,963,961$34,816,367$26,437,525$71,453,403
82$94,646,164$36,436,248$27,237,062$77,944,186
83$104,211,240$38,132,791$28,060,670$85,067,120
84$114,749,155$39,909,666$28,909,071$92,885,500
85$126,359,050$41,770,721$29,783,007$101,469,031
86$139,150,178$43,719,991$30,683,242$110,894,472
87$153,242,930$45,761,705$31,610,564$121,246,359
88$168,769,974$47,900,294$32,565,784$132,617,797
89$185,877,510$50,140,406$33,549,735$145,111,326
90$204,726,643$52,486,914$34,563,279$158,839,885
91$225,494,912$54,944,923$35,607,300$173,927,870
92$248,377,957$57,519,789$36,682,709$190,512,297
93$273,591,374$60,217,124$37,790,445$208,744,089
94$301,372,744$63,042,812$38,931,474$228,789,490
95$331,983,877$66,003,024$40,106,792$250,831,627
96$365,713,286$69,104,226$41,317,423$275,072,224
97$402,878,907$72,353,199$42,564,423$301,733,499
98$443,831,102$75,757,052$43,848,877$331,060,250
99$488,955,965$79,323,238$45,171,905$363,322,155
100$538,678,967$83,059,570$46,534,658$398,816,303