Can I retire at age 64 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,243,529
2 years$641,827$629,874$618,289$607,057$596,162$587,679
3 years$423,635$411,630$400,074$388,947$378,230$369,938
4 years$314,560$302,591$291,151$280,215$269,757$261,719
5 years$249,132$237,235$225,945$215,232$205,065$197,306
6 years$205,527$193,720$182,598$172,122$162,261$154,790
7 years$174,394$162,686$151,739$141,511$131,961$124,783
8 years$151,054$139,452$128,687$118,710$109,475$102,588
9 years$132,910$121,418$110,838$101,115$92,194$85,597
10 years$118,404$107,024$96,631$87,162$78,553$72,244
11 years$106,543$95,277$85,073$75,857$67,559$61,532
12 years$96,666$85,516$75,500$66,537$58,545$52,795
13 years$88,315$77,281$67,454$58,742$51,052$45,574
14 years$81,163$70,247$60,608$52,145$44,752$39,538
15 years$74,970$64,171$54,721$46,504$39,403$34,447
16 years$69,557$58,876$49,612$41,639$34,825$30,119
17 years$64,785$54,223$45,145$37,412$30,878$26,415
18 years$60,549$50,104$41,212$33,716$27,455$23,227
19 years$56,763$46,436$37,727$30,465$24,472$20,470
20 years$53,359$43,151$34,624$27,592$21,858$18,076
21 years$50,284$40,193$31,848$25,042$19,561$15,989
22 years$47,492$37,519$29,353$22,769$17,533$14,164
23 years$44,947$35,091$27,102$20,736$15,739$12,563
24 years$42,617$32,878$25,065$18,912$14,147$11,156
25 years$40,477$30,854$23,215$17,272$12,730$9,917
26 years$38,505$28,998$21,531$15,792$11,467$8,823
27 years$36,682$27,290$19,993$14,455$10,338$7,856
28 years$34,992$25,716$18,586$13,244$9,328$7,000
29 years$33,421$24,260$17,296$12,145$8,423$6,241
30 years$31,958$22,911$16,111$11,146$7,611$5,567
31 years$30,592$21,658$15,019$10,237$6,881$4,969
32 years$29,314$20,493$14,013$9,408$6,224$4,436
33 years$28,116$19,407$13,084$8,651$5,633$3,962
34 years$26,991$18,394$12,225$7,960$5,100$3,540
35 years$25,933$17,446$11,430$7,328$4,619$3,164
36 years$24,935$16,559$10,692$6,749$4,185$2,829
37 years$23,994$15,727$10,008$6,218$3,793$2,530
38 years$23,104$14,946$9,372$5,731$3,439$2,263
39 years$22,262$14,213$8,780$5,284$3,119$2,024
40 years$21,464$13,522$8,230$4,874$2,829$1,811
41 years$20,707$12,872$7,717$4,497$2,566$1,621
42 years$19,988$12,259$7,239$4,150$2,329$1,451
43 years$19,305$11,680$6,793$3,831$2,113$1,299
44 years$18,654$11,133$6,376$3,537$1,918$1,162
45 years$18,034$10,617$5,987$3,267$1,741$1,041
46 years$17,442$10,128$5,623$3,018$1,581$932
47 years$16,878$9,665$5,283$2,788$1,436$834
48 years$16,338$9,227$4,964$2,576$1,304$747
49 years$15,822$8,811$4,666$2,381$1,184$669
50 years$15,329$8,417$4,387$2,201$1,076$599

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $15,700,000, adding $4,735 every year, while hoping to spend $30,719 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: 29/43/28 Blend
63$15,700,000$15,700,000$15,700,000$15,700,000
64$17,306,284$16,474,184$16,230,834$17,658,338
65$19,038,840$17,248,734$16,741,882$18,711,547
66$20,947,088$18,060,208$17,269,021$19,840,022
67$23,048,914$18,910,382$17,812,757$21,052,621
68$25,364,032$19,801,119$18,373,612$22,356,637
69$27,914,161$20,734,372$18,952,127$23,760,048
70$30,723,238$21,712,189$19,548,856$25,271,589
71$33,817,639$22,736,716$20,164,373$26,900,821
72$37,226,429$23,810,206$20,799,269$28,658,222
73$40,981,635$24,935,017$21,454,156$30,555,267
74$45,118,554$26,113,624$22,129,662$32,604,535
75$49,676,077$27,348,622$22,826,436$34,819,813
76$54,697,063$28,642,731$23,545,148$37,216,219
77$60,228,742$29,998,804$24,286,489$39,810,333
78$66,323,158$31,419,830$25,051,171$42,620,342
79$73,037,664$32,908,945$25,839,929$45,666,202
80$80,435,460$34,469,438$26,653,521$48,969,814
81$88,586,192$36,104,755$27,492,729$52,555,216
82$97,566,607$37,818,512$28,358,359$56,448,799
83$107,461,281$39,614,499$29,251,244$60,679,542
84$118,363,412$41,496,689$30,172,241$65,279,271
85$130,375,704$43,469,251$31,122,235$70,282,943
86$143,611,336$45,536,555$32,102,140$75,728,965
87$158,195,027$47,703,181$33,112,896$81,659,532
88$174,264,218$49,973,935$34,155,477$88,121,018
89$191,970,365$52,353,855$35,230,882$95,164,386
90$211,480,372$54,848,223$36,340,146$102,845,657
91$232,978,165$57,462,580$37,484,336$111,226,420
92$256,666,426$60,202,735$38,664,549$120,374,384
93$282,768,511$63,074,779$39,881,921$130,364,007
94$311,530,555$66,085,099$41,137,621$141,277,168
95$343,223,796$69,240,394$42,432,857$153,203,920
96$378,147,138$72,547,688$43,768,872$166,243,316
97$416,629,968$76,014,346$45,146,951$180,504,315
98$459,035,269$79,648,094$46,568,418$196,106,786
99$505,763,046$83,457,029$48,034,640$213,182,612
100$557,254,100$87,449,648$49,547,024$231,876,905