Can I retire at age 64 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,230,266
2 years$633,651$621,850$610,413$599,324$588,568$582,788
3 years$418,238$406,386$394,978$383,993$373,411$367,757
4 years$310,552$298,737$287,443$276,645$266,320$260,835
5 years$245,958$234,213$223,067$212,490$202,452$197,152
6 years$202,909$191,253$180,271$169,930$160,194$155,085
7 years$172,172$160,614$149,806$139,709$130,280$125,366
8 years$149,130$137,676$127,048$117,198$108,080$103,360
9 years$131,217$119,871$109,426$99,827$91,019$86,493
10 years$116,896$105,661$95,400$86,052$77,553$73,218
11 years$105,186$94,064$83,989$74,891$66,698$62,552
12 years$95,434$84,426$74,538$65,689$57,799$53,839
13 years$87,190$76,297$66,595$57,994$50,402$46,623
14 years$80,129$69,352$59,836$51,480$44,182$40,581
15 years$74,015$63,354$54,024$45,911$38,901$35,473
16 years$68,671$58,126$48,980$41,109$34,381$31,121
17 years$63,960$53,532$44,570$36,936$30,485$27,388
18 years$59,778$49,466$40,687$33,287$27,106$24,168
19 years$56,040$45,845$37,247$30,077$24,160$21,375
20 years$52,680$42,601$34,183$27,241$21,580$18,943
21 years$49,644$39,681$31,442$24,723$19,312$16,818
22 years$46,887$37,041$28,979$22,479$17,310$14,953
23 years$44,374$34,644$26,757$20,472$15,539$13,314
24 years$42,074$32,459$24,745$18,671$13,966$11,868
25 years$39,961$30,461$22,919$17,052$12,568$10,590
26 years$38,014$28,628$21,256$15,591$11,320$9,459
27 years$36,214$26,943$19,738$14,271$10,206$8,455
28 years$34,546$25,388$18,349$13,075$9,209$7,564
29 years$32,996$23,951$17,076$11,990$8,316$6,771
30 years$31,551$22,619$15,905$11,004$7,514$6,064
31 years$30,203$21,382$14,828$10,106$6,793$5,434
32 years$28,941$20,232$13,835$9,288$6,145$4,872
33 years$27,758$19,160$12,918$8,541$5,561$4,370
34 years$26,647$18,159$12,070$7,859$5,035$3,920
35 years$25,602$17,224$11,284$7,234$4,560$3,519
36 years$24,618$16,348$10,556$6,663$4,132$3,159
37 years$23,688$15,527$9,880$6,139$3,745$2,837
38 years$22,810$14,756$9,252$5,658$3,395$2,548
39 years$21,979$14,031$8,669$5,217$3,079$2,289
40 years$21,191$13,350$8,125$4,812$2,793$2,057
41 years$20,444$12,708$7,619$4,440$2,534$1,849
42 years$19,734$12,102$7,147$4,097$2,299$1,662
43 years$19,059$11,531$6,706$3,782$2,086$1,494
44 years$18,416$10,992$6,295$3,492$1,894$1,343
45 years$17,804$10,482$5,911$3,225$1,719$1,208
46 years$17,220$9,999$5,551$2,979$1,561$1,086
47 years$16,663$9,542$5,216$2,752$1,417$977
48 years$16,130$9,109$4,901$2,543$1,287$879
49 years$15,621$8,699$4,607$2,351$1,169$790
50 years$15,133$8,309$4,331$2,173$1,062$711

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $15,500,000, adding $5,418 every year, while hoping to spend $22,106 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: 71/10/19 Blend
63$15,500,000$15,500,000$15,500,000$15,500,000
64$17,086,589$16,265,089$16,024,839$18,221,346
65$18,805,900$17,038,557$16,538,150$19,750,939
66$20,699,840$17,849,185$17,067,917$21,421,920
67$22,786,198$18,698,770$17,614,666$23,250,876
68$25,084,577$19,589,195$18,178,943$25,253,449
69$27,616,576$20,522,439$18,761,311$27,446,858
70$30,406,001$21,500,572$19,362,349$29,850,059
71$33,479,082$22,525,769$19,982,656$32,483,922
72$36,864,725$23,600,308$20,622,852$35,371,422
73$40,594,783$24,726,579$21,283,573$38,537,859
74$44,704,357$25,907,088$21,965,479$42,011,090
75$49,232,128$27,144,462$22,669,250$45,821,787
76$54,220,722$28,441,457$23,395,586$50,003,729
77$59,717,110$29,800,963$24,145,213$54,594,112
78$65,773,054$31,226,010$24,918,877$59,633,903
79$72,445,597$32,719,775$25,717,350$65,168,214
80$79,797,594$34,285,591$26,541,428$71,246,734
81$87,898,316$35,926,952$27,391,933$77,924,188
82$96,824,095$37,647,523$28,269,713$85,260,850
83$106,659,047$39,451,147$29,175,643$93,323,112
84$117,495,870$41,341,853$30,110,628$102,184,101
85$129,436,714$43,323,868$31,075,598$111,924,367
86$142,594,145$45,401,625$32,071,518$122,632,641
87$157,092,214$47,579,770$33,099,379$134,406,662
88$173,067,620$49,863,179$34,160,209$147,354,101
89$190,671,005$52,256,963$35,255,064$161,593,567
90$210,068,376$54,766,482$36,385,037$177,255,725
91$231,442,670$57,397,360$37,551,255$194,484,518
92$254,995,483$60,155,490$38,754,882$213,438,527
93$280,948,971$63,047,058$39,997,119$234,292,455
94$309,547,949$66,078,547$41,279,206$257,238,775
95$341,062,201$69,256,757$42,602,421$282,489,536
96$375,789,029$72,588,821$43,968,085$310,278,360
97$414,056,055$76,082,219$45,377,561$340,862,638
98$456,224,319$79,744,794$46,832,256$374,525,954
99$502,691,684$83,584,774$48,333,621$411,580,752
100$553,896,594$87,610,785$49,883,155$452,371,278