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%17.6%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,205,594
2 years$637,739$625,862$614,351$603,190$592,365$554,041
3 years$420,936$409,008$397,526$386,470$375,821$338,747
4 years$312,556$300,664$289,297$278,430$268,038$232,500
5 years$247,545$235,724$224,506$213,861$203,758$169,850
6 years$204,218$192,487$181,434$171,026$161,227$128,979
7 years$173,283$161,650$150,773$140,610$131,121$100,530
8 years$150,092$138,564$127,867$117,954$108,777$79,825
9 years$132,064$120,645$110,132$100,471$91,606$64,260
10 years$117,650$106,342$96,016$86,607$78,053$52,274
11 years$105,864$94,670$84,531$75,374$67,128$42,870
12 years$96,050$84,971$75,019$66,113$58,172$35,384
13 years$87,752$76,789$67,024$58,368$50,727$29,356
14 years$80,646$69,799$60,222$51,813$44,467$24,456
15 years$74,493$63,763$54,372$46,208$39,152$20,443
16 years$69,114$58,501$49,296$41,374$34,603$17,137
17 years$64,373$53,877$44,858$37,174$30,681$14,398
18 years$60,163$49,785$40,949$33,501$27,280$12,120
19 years$56,401$46,140$37,487$30,271$24,316$10,219
20 years$53,019$42,876$34,404$27,417$21,719$8,627
21 years$49,964$39,937$31,645$24,882$19,436$7,292
22 years$47,190$37,280$29,166$22,624$17,422$6,169
23 years$44,661$34,867$26,929$20,604$15,639$5,223
24 years$42,346$32,668$24,905$18,792$14,057$4,425
25 years$40,219$30,657$23,067$17,162$12,649$3,751
26 years$38,260$28,813$21,394$15,692$11,394$3,181
27 years$36,448$27,116$19,866$14,363$10,272$2,699
28 years$34,769$25,552$18,468$13,160$9,269$2,291
29 years$33,209$24,105$17,186$12,068$8,369$1,945
30 years$31,755$22,765$16,008$11,075$7,562$1,651
31 years$30,398$21,520$14,924$10,172$6,837$1,403
32 years$29,128$20,362$13,924$9,348$6,185$1,192
33 years$27,937$19,284$13,001$8,596$5,597$1,012
34 years$26,819$18,277$12,147$7,909$5,068$860
35 years$25,768$17,335$11,357$7,281$4,590$731
36 years$24,776$16,453$10,624$6,706$4,159$621
37 years$23,841$15,627$9,944$6,178$3,769$528
38 years$22,957$14,851$9,312$5,695$3,417$449
39 years$22,120$14,122$8,725$5,251$3,099$382
40 years$21,328$13,436$8,177$4,843$2,811$324
41 years$20,576$12,790$7,668$4,468$2,550$276
42 years$19,861$12,181$7,193$4,124$2,314$234
43 years$19,182$11,606$6,749$3,807$2,100$199
44 years$18,535$11,063$6,335$3,515$1,906$169
45 years$17,919$10,549$5,949$3,246$1,730$144
46 years$17,331$10,063$5,587$2,998$1,571$123
47 years$16,770$9,604$5,249$2,770$1,427$104
48 years$16,234$9,168$4,933$2,560$1,296$89
49 years$15,722$8,755$4,636$2,366$1,177$75
50 years$15,231$8,363$4,359$2,187$1,069$64

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 $3,257 every year, while hoping to spend $35,252 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: 59/26/15 Blend
63$15,600,000$15,600,000$15,600,000$15,600,000
64$17,194,560$16,367,760$16,125,960$18,143,367
65$18,910,897$17,132,272$16,628,671$19,548,926
66$20,801,119$17,933,064$17,147,043$21,076,771
67$22,882,925$18,771,876$17,681,560$22,742,056
68$25,175,818$19,650,533$18,232,727$24,558,037
69$27,701,290$20,570,947$18,801,062$26,539,289
70$30,483,022$21,535,124$19,387,098$28,701,840
71$33,547,111$22,545,166$19,991,387$31,063,315
72$36,922,314$23,603,277$20,614,496$33,643,103
73$40,640,320$24,711,767$21,257,011$36,462,526
74$44,736,048$25,873,059$21,919,537$39,545,043
75$49,247,979$27,089,693$22,602,695$42,916,463
76$54,218,515$28,364,330$23,307,128$46,605,181
77$59,694,384$29,699,763$24,033,497$50,642,443
78$65,727,078$31,098,918$24,782,486$55,062,631
79$72,373,338$32,564,863$25,554,798$59,903,584
80$79,695,693$34,100,816$26,351,158$65,206,946
81$87,763,047$35,710,149$27,172,314$71,018,554
82$96,651,330$37,396,399$28,019,039$77,388,860
83$106,444,216$39,163,273$28,892,128$84,373,403
84$117,233,912$41,014,659$29,792,400$92,033,320
85$129,122,027$42,954,634$30,720,701$100,435,919
86$142,220,533$44,987,470$31,677,904$109,655,303
87$156,652,820$47,117,649$32,664,907$119,773,059
88$172,554,863$49,349,869$33,682,636$130,879,021
89$190,076,504$51,689,057$34,732,049$143,072,105
90$209,382,864$54,140,377$35,814,130$156,461,231
91$230,655,908$56,709,248$36,929,895$171,166,344
92$254,096,156$59,401,346$38,080,392$187,319,529
93$279,924,580$62,222,628$39,266,701$205,066,250
94$308,384,687$65,179,337$40,489,935$224,566,707
95$339,744,821$68,278,020$41,751,244$245,997,335
96$374,300,693$71,525,544$43,051,811$269,552,455
97$412,378,174$74,929,105$44,392,856$295,446,095
98$454,336,370$78,496,254$45,775,640$323,913,994
99$500,571,015$82,234,905$47,201,458$355,215,808
100$551,518,201$86,153,358$48,671,650$389,637,550