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

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 $15,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,219,767
2 years$629,563$617,838$606,475$595,457$584,770$576,450
3 years$415,540$403,764$392,429$381,515$371,002$362,869
4 years$308,549$296,809$285,588$274,860$264,602$256,718
5 years$244,371$232,702$221,628$211,119$201,146$193,536
6 years$201,600$190,019$179,108$168,834$159,160$151,832
7 years$171,061$159,577$148,840$138,807$129,440$122,398
8 years$148,168$136,787$126,228$116,442$107,383$100,628
9 years$130,371$119,098$108,720$99,183$90,432$83,962
10 years$116,142$104,979$94,785$85,497$77,052$70,864
11 years$104,507$93,457$83,447$74,408$66,268$60,356
12 years$94,819$83,882$74,057$65,265$57,426$51,786
13 years$86,627$75,805$66,165$57,620$50,077$44,703
14 years$79,612$68,904$59,450$51,148$43,897$38,783
15 years$73,538$62,945$53,675$45,615$38,650$33,789
16 years$68,228$57,751$48,664$40,844$34,159$29,543
17 years$63,548$53,187$44,283$36,698$30,288$25,910
18 years$59,392$49,147$40,424$33,072$26,931$22,783
19 years$55,678$45,549$37,006$29,883$24,004$20,079
20 years$52,340$42,326$33,963$27,065$21,441$17,731
21 years$49,323$39,425$31,239$24,563$19,187$15,683
22 years$46,585$36,802$28,792$22,334$17,198$13,893
23 years$44,088$34,420$26,584$20,340$15,438$12,323
24 years$41,803$32,249$24,586$18,551$13,876$10,943
25 years$39,704$30,264$22,771$16,942$12,487$9,728
26 years$37,769$28,444$21,119$15,491$11,247$8,655
27 years$35,981$26,769$19,611$14,179$10,141$7,706
28 years$34,323$25,224$18,231$12,991$9,150$6,866
29 years$32,783$23,796$16,966$11,913$8,262$6,122
30 years$31,348$22,473$15,803$10,933$7,465$5,461
31 years$30,008$21,244$14,732$10,041$6,749$4,874
32 years$28,754$20,101$13,746$9,228$6,105$4,351
33 years$27,579$19,036$12,834$8,486$5,525$3,887
34 years$26,475$18,042$11,992$7,808$5,003$3,473
35 years$25,437$17,113$11,211$7,188$4,531$3,104
36 years$24,459$16,242$10,488$6,620$4,105$2,775
37 years$23,535$15,427$9,817$6,099$3,721$2,481
38 years$22,663$14,661$9,193$5,622$3,373$2,219
39 years$21,837$13,941$8,613$5,183$3,059$1,986
40 years$21,054$13,264$8,073$4,781$2,775$1,777
41 years$20,312$12,626$7,570$4,411$2,517$1,590
42 years$19,606$12,024$7,101$4,071$2,284$1,423
43 years$18,936$11,457$6,663$3,758$2,073$1,274
44 years$18,297$10,921$6,254$3,470$1,882$1,140
45 years$17,689$10,414$5,873$3,204$1,708$1,021
46 years$17,109$9,934$5,516$2,960$1,551$914
47 years$16,555$9,481$5,182$2,735$1,408$819
48 years$16,026$9,050$4,869$2,527$1,279$733
49 years$15,520$8,643$4,577$2,335$1,162$656
50 years$15,036$8,256$4,303$2,159$1,055$588

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 $3,058 every year, while hoping to spend $25,493 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: 58/36/6 Blend
63$15,400,000$15,400,000$15,400,000$15,400,000
64$16,973,954$16,157,754$15,919,054$17,937,779
65$18,678,173$16,922,360$16,425,218$19,349,567
66$20,555,368$17,723,577$16,947,484$20,884,419
67$22,623,156$18,563,172$17,486,365$22,556,616
68$24,900,948$19,442,998$18,042,389$24,379,299
69$27,410,138$20,364,998$18,616,102$26,366,906
70$30,174,298$21,331,209$19,208,067$28,535,311
71$33,219,405$22,343,766$19,818,866$30,901,957
72$36,574,083$23,404,910$20,449,097$33,486,025
73$40,269,876$24,516,988$21,099,379$36,308,602
74$44,341,546$25,682,462$21,770,350$39,392,873
75$48,827,397$26,903,916$22,462,670$42,764,339
76$53,769,639$28,184,055$23,177,017$46,451,043
77$59,214,788$29,525,720$23,914,093$50,483,831
78$65,214,102$30,931,886$24,674,621$54,896,636
79$71,824,068$32,405,676$25,459,348$59,726,785
80$79,106,932$33,950,363$26,269,045$65,015,349
81$87,131,287$35,569,379$27,104,506$70,807,515
82$95,972,723$37,266,323$27,966,552$77,153,007
83$105,714,538$39,044,970$28,856,028$84,106,544
84$116,448,524$40,909,277$29,773,809$91,728,346
85$128,275,837$42,863,395$30,720,795$100,084,688
86$141,307,948$44,911,676$31,697,917$109,248,521
87$155,667,694$47,058,685$32,706,133$119,300,142
88$171,490,445$49,309,206$33,746,434$130,327,940
89$188,925,372$51,668,259$34,819,841$142,429,220
90$208,136,863$54,141,107$35,927,410$155,711,106
91$229,306,072$56,733,269$37,070,226$170,291,533
92$252,632,625$59,450,534$38,249,413$186,300,353
93$278,336,514$62,298,971$39,466,129$203,880,538
94$306,660,163$65,284,945$40,721,568$223,189,515
95$337,870,723$68,415,131$42,016,965$244,400,634
96$372,262,595$71,696,530$43,353,591$267,704,785
97$410,160,202$75,136,483$44,732,759$293,312,182
98$451,921,061$78,742,689$46,155,825$321,454,326
99$497,939,149$82,523,221$47,624,185$352,386,167
100$548,648,630$86,486,546$49,139,283$386,388,494