Can I retire at age 64 with 15,600,000?

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,234,575
2 years$637,739$625,862$614,351$603,190$592,365$582,896
3 years$420,936$409,008$397,526$386,470$375,821$366,568
4 years$312,556$300,664$289,297$278,430$268,038$259,074
5 years$247,545$235,724$224,506$213,861$203,758$195,108
6 years$204,218$192,487$181,434$171,026$161,227$152,902
7 years$173,283$161,650$150,773$140,610$131,121$123,124
8 years$150,092$138,564$127,867$117,954$108,777$101,109
9 years$132,064$120,645$110,132$100,471$91,606$84,265
10 years$117,650$106,342$96,016$86,607$78,053$71,035
11 years$105,864$94,670$84,531$75,374$67,128$60,427
12 years$96,050$84,971$75,019$66,113$58,172$51,782
13 years$87,752$76,789$67,024$58,368$50,727$44,642
14 years$80,646$69,799$60,222$51,813$44,467$38,679
15 years$74,493$63,763$54,372$46,208$39,152$33,654
16 years$69,114$58,501$49,296$41,374$34,603$29,385
17 years$64,373$53,877$44,858$37,174$30,681$25,736
18 years$60,163$49,785$40,949$33,501$27,280$22,598
19 years$56,401$46,140$37,487$30,271$24,316$19,888
20 years$53,019$42,876$34,404$27,417$21,719$17,536
21 years$49,964$39,937$31,645$24,882$19,436$15,488
22 years$47,190$37,280$29,166$22,624$17,422$13,700
23 years$44,661$34,867$26,929$20,604$15,639$12,133
24 years$42,346$32,668$24,905$18,792$14,057$10,758
25 years$40,219$30,657$23,067$17,162$12,649$9,548
26 years$38,260$28,813$21,394$15,692$11,394$8,482
27 years$36,448$27,116$19,866$14,363$10,272$7,540
28 years$34,769$25,552$18,468$13,160$9,269$6,708
29 years$33,209$24,105$17,186$12,068$8,369$5,971
30 years$31,755$22,765$16,008$11,075$7,562$5,318
31 years$30,398$21,520$14,924$10,172$6,837$4,738
32 years$29,128$20,362$13,924$9,348$6,185$4,224
33 years$27,937$19,284$13,001$8,596$5,597$3,766
34 years$26,819$18,277$12,147$7,909$5,068$3,360
35 years$25,768$17,335$11,357$7,281$4,590$2,998
36 years$24,776$16,453$10,624$6,706$4,159$2,675
37 years$23,841$15,627$9,944$6,178$3,769$2,388
38 years$22,957$14,851$9,312$5,695$3,417$2,133
39 years$22,120$14,122$8,725$5,251$3,099$1,905
40 years$21,328$13,436$8,177$4,843$2,811$1,701
41 years$20,576$12,790$7,668$4,468$2,550$1,520
42 years$19,861$12,181$7,193$4,124$2,314$1,358
43 years$19,182$11,606$6,749$3,807$2,100$1,213
44 years$18,535$11,063$6,335$3,515$1,906$1,084
45 years$17,919$10,549$5,949$3,246$1,730$969
46 years$17,331$10,063$5,587$2,998$1,571$866
47 years$16,770$9,604$5,249$2,770$1,427$774
48 years$16,234$9,168$4,933$2,560$1,296$692
49 years$15,722$8,755$4,636$2,366$1,177$619
50 years$15,231$8,363$4,359$2,187$1,069$553

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $15,600,000, adding $3,120 every year, while hoping to spend $42,048 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: 52/31/17 Blend
63$15,600,000$15,600,000$15,600,000$15,600,000
64$17,194,418$16,367,618$16,125,818$18,008,663
65$18,903,510$17,124,893$16,621,294$19,324,897
66$20,785,520$17,917,865$17,131,960$20,751,056
67$22,858,042$18,748,238$17,658,279$22,301,302
68$25,140,461$19,617,801$18,200,730$23,987,409
69$27,654,140$20,528,425$18,759,807$25,822,315
70$30,422,619$21,482,075$19,336,017$27,820,237
71$33,471,837$22,480,808$19,929,885$29,996,800
72$36,830,378$23,526,781$20,541,949$32,369,181
73$40,529,739$24,622,256$21,172,767$34,956,261
74$44,604,629$25,769,603$21,822,912$37,778,803
75$49,093,295$26,971,307$22,492,973$40,859,634
76$54,037,883$28,229,973$23,183,559$44,223,861
77$59,484,837$29,548,331$23,895,298$47,899,095
78$65,485,335$30,929,244$24,628,835$51,915,710
79$72,095,775$32,375,713$25,384,837$56,307,115
80$79,378,304$33,890,883$26,163,989$61,110,068
81$87,401,407$35,478,052$26,966,999$66,365,009
82$96,240,552$37,140,678$27,794,595$72,116,438
83$105,978,902$38,882,385$28,647,528$78,413,320
84$116,708,101$40,706,973$29,526,571$85,309,544
85$128,529,138$42,618,425$30,432,521$92,864,415
86$141,553,300$44,620,918$31,366,201$101,143,208
87$155,903,224$46,718,830$32,328,456$110,217,771
88$171,714,052$48,916,752$33,320,158$120,167,193
89$189,134,708$51,219,496$34,342,206$131,078,537
90$208,329,304$53,632,107$35,395,526$143,047,648
91$229,478,690$56,159,877$36,481,073$156,180,048
92$252,782,156$58,808,351$37,599,828$170,591,917
93$278,459,320$61,583,344$38,752,807$186,411,172
94$306,752,196$64,490,953$39,941,051$203,778,664
95$337,927,481$67,537,571$41,165,638$222,849,489
96$372,279,073$70,729,900$42,427,675$243,794,437
97$410,130,840$74,074,968$43,728,304$266,801,582
98$451,839,686$77,580,141$45,068,703$292,078,049
99$497,798,913$81,253,147$46,450,083$319,851,941
100$548,441,935$85,102,084$47,873,694$350,374,474