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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.1%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,210,895
2 years$641,827$629,874$618,289$607,057$596,162$555,202
3 years$423,635$411,630$400,074$388,947$378,230$338,640
4 years$314,560$302,591$291,151$280,215$269,757$231,840
5 years$249,132$237,235$225,945$215,232$205,065$168,923
6 years$205,527$193,720$182,598$172,122$162,261$127,923
7 years$174,394$162,686$151,739$141,511$131,961$99,424
8 years$151,054$139,452$128,687$118,710$109,475$78,714
9 years$132,910$121,418$110,838$101,115$92,194$63,173
10 years$118,404$107,024$96,631$87,162$78,553$51,228
11 years$106,543$95,277$85,073$75,857$67,559$41,877
12 years$96,666$85,516$75,500$66,537$58,545$34,450
13 years$88,315$77,281$67,454$58,742$51,052$28,484
14 years$81,163$70,247$60,608$52,145$44,752$23,647
15 years$74,970$64,171$54,721$46,504$39,403$19,698
16 years$69,557$58,876$49,612$41,639$34,825$16,452
17 years$64,785$54,223$45,145$37,412$30,878$13,772
18 years$60,549$50,104$41,212$33,716$27,455$11,550
19 years$56,763$46,436$37,727$30,465$24,472$9,702
20 years$53,359$43,151$34,624$27,592$21,858$8,159
21 years$50,284$40,193$31,848$25,042$19,561$6,870
22 years$47,492$37,519$29,353$22,769$17,533$5,789
23 years$44,947$35,091$27,102$20,736$15,739$4,882
24 years$42,617$32,878$25,065$18,912$14,147$4,120
25 years$40,477$30,854$23,215$17,272$12,730$3,478
26 years$38,505$28,998$21,531$15,792$11,467$2,938
27 years$36,682$27,290$19,993$14,455$10,338$2,483
28 years$34,992$25,716$18,586$13,244$9,328$2,099
29 years$33,421$24,260$17,296$12,145$8,423$1,774
30 years$31,958$22,911$16,111$11,146$7,611$1,501
31 years$30,592$21,658$15,019$10,237$6,881$1,269
32 years$29,314$20,493$14,013$9,408$6,224$1,074
33 years$28,116$19,407$13,084$8,651$5,633$909
34 years$26,991$18,394$12,225$7,960$5,100$769
35 years$25,933$17,446$11,430$7,328$4,619$651
36 years$24,935$16,559$10,692$6,749$4,185$551
37 years$23,994$15,727$10,008$6,218$3,793$466
38 years$23,104$14,946$9,372$5,731$3,439$395
39 years$22,262$14,213$8,780$5,284$3,119$334
40 years$21,464$13,522$8,230$4,874$2,829$283
41 years$20,707$12,872$7,717$4,497$2,566$239
42 years$19,988$12,259$7,239$4,150$2,329$203
43 years$19,305$11,680$6,793$3,831$2,113$172
44 years$18,654$11,133$6,376$3,537$1,918$145
45 years$18,034$10,617$5,987$3,267$1,741$123
46 years$17,442$10,128$5,623$3,018$1,581$104
47 years$16,878$9,665$5,283$2,788$1,436$88
48 years$16,338$9,227$4,964$2,576$1,304$75
49 years$15,822$8,811$4,666$2,381$1,184$63
50 years$15,329$8,417$4,387$2,201$1,076$54

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 $6,469 every year, while hoping to spend $22,950 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: 83/11/6 Blend
63$15,700,000$15,700,000$15,700,000$15,700,000
64$17,308,073$16,475,973$16,232,623$18,738,135
65$19,049,078$17,258,877$16,751,997$20,455,970
66$20,966,896$18,079,374$17,288,001$22,338,108
67$23,079,538$18,939,282$17,841,168$24,404,056
68$25,406,851$19,840,507$18,412,047$26,672,225
69$27,970,706$20,785,048$19,001,207$29,162,882
70$30,795,203$21,775,001$19,609,233$31,898,352
71$33,906,901$22,812,563$20,236,730$34,903,215
72$37,335,066$23,900,040$20,884,321$38,204,547
73$41,111,948$25,039,847$21,552,650$41,832,163
74$45,273,086$26,234,518$22,242,383$45,818,903
75$49,857,643$27,486,712$22,954,206$50,200,939
76$54,908,776$28,799,214$23,688,825$55,018,108
77$60,474,042$30,174,947$24,446,972$60,314,293
78$66,605,850$31,616,975$25,229,401$66,137,829
79$73,361,951$33,128,512$26,036,891$72,541,959
80$80,805,988$34,712,926$26,870,243$79,585,332
81$89,008,090$36,373,751$27,730,289$87,332,555
82$98,045,544$38,114,694$28,617,882$95,854,796
83$108,003,516$39,939,639$29,533,907$105,230,457
84$118,975,856$41,852,663$30,479,274$115,545,907
85$131,065,988$43,858,038$31,454,925$126,896,295
86$144,387,883$45,960,247$32,461,829$139,386,444
87$159,067,136$48,163,988$33,500,990$153,131,833
88$175,242,151$50,474,191$34,573,440$168,259,690
89$193,065,449$52,896,024$35,680,248$184,910,180
90$212,705,103$55,434,908$36,822,515$203,237,729
91$234,346,332$58,096,526$38,001,378$223,412,474
92$258,193,243$60,886,842$39,218,009$245,621,867
93$284,470,762$63,812,106$40,473,621$270,072,433
94$313,426,755$66,878,874$41,769,463$296,991,720
95$345,334,369$70,094,024$43,106,824$326,630,438
96$380,494,609$73,464,765$44,487,037$359,264,819
97$419,239,182$76,998,661$45,911,476$395,199,221
98$461,933,626$80,703,643$47,381,558$434,768,990
99$508,980,763$84,588,029$48,898,747$478,343,621
100$560,824,499$88,660,541$50,464,554$526,330,239