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%13.6%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,217,521
2 years$633,651$621,850$610,413$599,324$588,568$570,001
3 years$418,238$406,386$394,978$383,993$373,411$355,325
4 years$310,552$298,737$287,443$276,645$266,320$248,855
5 years$245,958$234,213$223,067$212,490$202,452$185,658
6 years$202,909$191,253$180,271$169,930$160,194$144,090
7 years$172,172$160,614$149,806$139,709$130,280$114,872
8 years$149,130$137,676$127,048$117,198$108,080$93,366
9 years$131,217$119,871$109,426$99,827$91,019$76,991
10 years$116,896$105,661$95,400$86,052$77,553$64,200
11 years$105,186$94,064$83,989$74,891$66,698$54,007
12 years$95,434$84,426$74,538$65,689$57,799$45,755
13 years$87,190$76,297$66,595$57,994$50,402$38,987
14 years$80,129$69,352$59,836$51,480$44,182$33,379
15 years$74,015$63,354$54,024$45,911$38,901$28,691
16 years$68,671$58,126$48,980$41,109$34,381$24,742
17 years$63,960$53,532$44,570$36,936$30,485$21,398
18 years$59,778$49,466$40,687$33,287$27,106$18,549
19 years$56,040$45,845$37,247$30,077$24,160$16,112
20 years$52,680$42,601$34,183$27,241$21,580$14,020
21 years$49,644$39,681$31,442$24,723$19,312$12,218
22 years$46,887$37,041$28,979$22,479$17,310$10,661
23 years$44,374$34,644$26,757$20,472$15,539$9,313
24 years$42,074$32,459$24,745$18,671$13,966$8,143
25 years$39,961$30,461$22,919$17,052$12,568$7,126
26 years$38,014$28,628$21,256$15,591$11,320$6,241
27 years$36,214$26,943$19,738$14,271$10,206$5,469
28 years$34,546$25,388$18,349$13,075$9,209$4,795
29 years$32,996$23,951$17,076$11,990$8,316$4,207
30 years$31,551$22,619$15,905$11,004$7,514$3,692
31 years$30,203$21,382$14,828$10,106$6,793$3,241
32 years$28,941$20,232$13,835$9,288$6,145$2,847
33 years$27,758$19,160$12,918$8,541$5,561$2,501
34 years$26,647$18,159$12,070$7,859$5,035$2,197
35 years$25,602$17,224$11,284$7,234$4,560$1,931
36 years$24,618$16,348$10,556$6,663$4,132$1,698
37 years$23,688$15,527$9,880$6,139$3,745$1,492
38 years$22,810$14,756$9,252$5,658$3,395$1,312
39 years$21,979$14,031$8,669$5,217$3,079$1,154
40 years$21,191$13,350$8,125$4,812$2,793$1,015
41 years$20,444$12,708$7,619$4,440$2,534$893
42 years$19,734$12,102$7,147$4,097$2,299$786
43 years$19,059$11,531$6,706$3,782$2,086$691
44 years$18,416$10,992$6,295$3,492$1,894$608
45 years$17,804$10,482$5,911$3,225$1,719$535
46 years$17,220$9,999$5,551$2,979$1,561$471
47 years$16,663$9,542$5,216$2,752$1,417$414
48 years$16,130$9,109$4,901$2,543$1,287$365
49 years$15,621$8,699$4,607$2,351$1,169$321
50 years$15,133$8,309$4,331$2,173$1,062$282

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 $3,444 every year, while hoping to spend $20,933 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: 72/21/7 Blend
63$15,500,000$15,500,000$15,500,000$15,500,000
64$17,084,552$16,263,052$16,022,802$18,297,019
65$18,804,904$17,037,670$16,537,294$19,872,099
66$20,700,030$17,849,541$17,068,319$21,593,093
67$22,787,736$18,700,471$17,616,410$23,476,727
68$25,087,640$19,592,350$18,182,115$25,539,025
69$27,621,365$20,527,160$18,766,002$27,797,621
70$30,412,736$21,506,983$19,368,654$30,271,919
71$33,488,007$22,533,997$19,990,677$32,983,274
72$36,876,111$23,610,490$20,632,691$35,955,191
73$40,608,930$24,738,860$21,295,342$39,213,541
74$44,721,597$25,921,620$21,979,292$42,786,804
75$49,252,829$27,161,408$22,685,227$46,706,328
76$54,245,290$28,460,989$23,413,854$51,006,626
77$59,745,994$29,823,263$24,165,904$55,725,692
78$65,806,753$31,251,270$24,942,129$60,905,360
79$72,484,659$32,748,200$25,743,307$66,591,688
80$79,842,629$34,317,396$26,570,243$72,835,391
81$87,949,994$35,962,365$27,423,763$79,692,314
82$96,883,158$37,686,786$28,304,724$87,223,948
83$106,726,316$39,494,515$29,214,008$95,498,013
84$117,572,251$41,389,596$30,152,527$104,589,081
85$129,523,206$43,376,271$31,121,222$114,579,281
86$142,691,853$45,458,989$32,121,064$125,559,060
87$157,202,357$47,642,415$33,153,055$137,628,037
88$173,191,545$49,931,440$34,218,229$150,895,927
89$190,810,198$52,331,196$35,317,655$165,483,574
90$210,224,476$54,847,063$36,452,435$181,524,082
91$231,617,488$57,484,684$37,623,706$199,164,062
92$255,191,015$60,249,977$38,832,644$218,565,003
93$281,167,422$63,149,149$40,080,461$239,904,795
94$309,791,749$66,188,708$41,368,407$263,379,386
95$341,334,034$69,375,481$42,697,775$289,204,632
96$376,091,853$72,716,627$44,069,897$317,618,316
97$414,393,134$76,219,654$45,486,151$348,882,384
98$456,599,254$79,892,437$46,947,957$383,285,401
99$503,108,445$83,743,233$48,456,781$421,145,270
100$554,359,559$87,780,705$50,014,136$462,812,209