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%13.6%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,209,666
2 years$629,563$617,838$606,475$595,457$584,770$566,323
3 years$415,540$403,764$392,429$381,515$371,002$353,033
4 years$308,549$296,809$285,588$274,860$264,602$247,249
5 years$244,371$232,702$221,628$211,119$201,146$184,460
6 years$201,600$190,019$179,108$168,834$159,160$143,160
7 years$171,061$159,577$148,840$138,807$129,440$114,131
8 years$148,168$136,787$126,228$116,442$107,383$92,763
9 years$130,371$119,098$108,720$99,183$90,432$76,494
10 years$116,142$104,979$94,785$85,497$77,052$63,786
11 years$104,507$93,457$83,447$74,408$66,268$53,659
12 years$94,819$83,882$74,057$65,265$57,426$45,460
13 years$86,627$75,805$66,165$57,620$50,077$38,736
14 years$79,612$68,904$59,450$51,148$43,897$33,164
15 years$73,538$62,945$53,675$45,615$38,650$28,505
16 years$68,228$57,751$48,664$40,844$34,159$24,583
17 years$63,548$53,187$44,283$36,698$30,288$21,260
18 years$59,392$49,147$40,424$33,072$26,931$18,429
19 years$55,678$45,549$37,006$29,883$24,004$16,008
20 years$52,340$42,326$33,963$27,065$21,441$13,930
21 years$49,323$39,425$31,239$24,563$19,187$12,139
22 years$46,585$36,802$28,792$22,334$17,198$10,592
23 years$44,088$34,420$26,584$20,340$15,438$9,253
24 years$41,803$32,249$24,586$18,551$13,876$8,090
25 years$39,704$30,264$22,771$16,942$12,487$7,080
26 years$37,769$28,444$21,119$15,491$11,247$6,201
27 years$35,981$26,769$19,611$14,179$10,141$5,434
28 years$34,323$25,224$18,231$12,991$9,150$4,764
29 years$32,783$23,796$16,966$11,913$8,262$4,180
30 years$31,348$22,473$15,803$10,933$7,465$3,668
31 years$30,008$21,244$14,732$10,041$6,749$3,220
32 years$28,754$20,101$13,746$9,228$6,105$2,828
33 years$27,579$19,036$12,834$8,486$5,525$2,484
34 years$26,475$18,042$11,992$7,808$5,003$2,183
35 years$25,437$17,113$11,211$7,188$4,531$1,919
36 years$24,459$16,242$10,488$6,620$4,105$1,687
37 years$23,535$15,427$9,817$6,099$3,721$1,483
38 years$22,663$14,661$9,193$5,622$3,373$1,304
39 years$21,837$13,941$8,613$5,183$3,059$1,147
40 years$21,054$13,264$8,073$4,781$2,775$1,009
41 years$20,312$12,626$7,570$4,411$2,517$887
42 years$19,606$12,024$7,101$4,071$2,284$780
43 years$18,936$11,457$6,663$3,758$2,073$687
44 years$18,297$10,921$6,254$3,470$1,882$604
45 years$17,689$10,414$5,873$3,204$1,708$532
46 years$17,109$9,934$5,516$2,960$1,551$468
47 years$16,555$9,481$5,182$2,735$1,408$412
48 years$16,026$9,050$4,869$2,527$1,279$362
49 years$15,520$8,643$4,577$2,335$1,162$319
50 years$15,036$8,256$4,303$2,159$1,055$281

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 $4,370 every year, while hoping to spend $51,310 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: 33/42/25 Blend
63$15,400,000$15,400,000$15,400,000$15,400,000
64$16,975,308$16,159,108$15,920,408$17,405,773
65$18,652,196$16,896,310$16,399,148$18,467,782
66$20,498,406$17,667,917$16,892,206$19,606,631
67$22,531,157$18,475,557$17,400,008$20,833,006
68$24,769,418$19,320,943$17,922,992$22,154,672
69$27,234,095$20,205,865$18,461,608$23,580,139
70$29,948,221$21,132,202$19,016,321$25,118,729
71$32,937,181$22,101,920$19,587,608$26,780,665
72$36,228,943$23,117,084$20,175,963$28,577,154
73$39,854,328$24,179,854$20,781,890$30,520,487
74$43,847,298$25,292,496$21,405,912$32,624,148
75$48,245,278$26,457,383$22,048,566$34,902,931
76$53,089,507$27,677,006$22,710,403$37,373,074
77$58,425,428$28,953,970$23,391,993$40,052,397
78$64,303,118$30,291,012$24,093,922$42,960,469
79$70,777,759$31,690,994$24,816,791$46,118,773
80$77,910,159$33,156,921$25,561,222$49,550,908
81$85,767,325$34,691,940$26,327,852$53,282,794
82$94,423,097$36,299,350$27,117,341$57,342,905
83$103,958,844$37,982,610$27,930,363$61,762,533
84$114,464,233$39,745,344$28,767,617$66,576,062
85$126,038,071$41,591,352$29,629,818$71,821,283
86$138,789,242$43,524,617$30,517,705$77,539,740
87$152,837,735$45,549,313$31,432,038$83,777,103
88$168,315,772$47,669,817$32,373,600$90,583,587
89$185,369,059$49,890,716$33,343,193$98,014,407
90$204,158,161$52,216,820$34,341,649$106,130,289
91$224,860,018$54,653,168$35,369,818$114,998,020
92$247,669,612$57,205,046$36,428,580$124,691,062
93$272,801,812$59,877,993$37,518,836$135,290,229
94$300,493,399$62,677,816$38,641,519$146,884,427
95$331,005,299$65,610,603$39,797,584$159,571,475
96$364,625,053$68,682,736$40,988,016$173,459,006
97$401,669,525$71,900,906$42,213,831$188,665,461
98$442,487,893$75,272,126$43,476,071$205,321,183
99$487,464,949$78,803,751$44,775,810$223,569,622
100$537,024,728$82,503,490$46,114,154$243,568,666