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%17.4%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,214,297
2 years$641,827$629,874$618,289$607,057$596,162$558,554
3 years$423,635$411,630$400,074$388,947$378,230$341,836
4 years$314,560$302,591$291,151$280,215$269,757$234,857
5 years$249,132$237,235$225,945$215,232$205,065$171,753
6 years$205,527$193,720$182,598$172,122$162,261$130,567
7 years$174,394$162,686$151,739$141,511$131,961$101,884
8 years$151,054$139,452$128,687$118,710$109,475$80,995
9 years$132,910$121,418$110,838$101,115$92,194$65,282
10 years$118,404$107,024$96,631$87,162$78,553$53,171
11 years$106,543$95,277$85,073$75,857$67,559$43,662
12 years$96,666$85,516$75,500$66,537$58,545$36,086
13 years$88,315$77,281$67,454$58,742$51,052$29,979
14 years$81,163$70,247$60,608$52,145$44,752$25,010
15 years$74,970$64,171$54,721$46,504$39,403$20,936
16 years$69,557$58,876$49,612$41,639$34,825$17,575
17 years$64,785$54,223$45,145$37,412$30,878$14,788
18 years$60,549$50,104$41,212$33,716$27,455$12,467
19 years$56,763$46,436$37,727$30,465$24,472$10,527
20 years$53,359$43,151$34,624$27,592$21,858$8,901
21 years$50,284$40,193$31,848$25,042$19,561$7,535
22 years$47,492$37,519$29,353$22,769$17,533$6,384
23 years$44,947$35,091$27,102$20,736$15,739$5,414
24 years$42,617$32,878$25,065$18,912$14,147$4,594
25 years$40,477$30,854$23,215$17,272$12,730$3,900
26 years$38,505$28,998$21,531$15,792$11,467$3,313
27 years$36,682$27,290$19,993$14,455$10,338$2,816
28 years$34,992$25,716$18,586$13,244$9,328$2,394
29 years$33,421$24,260$17,296$12,145$8,423$2,035
30 years$31,958$22,911$16,111$11,146$7,611$1,731
31 years$30,592$21,658$15,019$10,237$6,881$1,473
32 years$29,314$20,493$14,013$9,408$6,224$1,253
33 years$28,116$19,407$13,084$8,651$5,633$1,067
34 years$26,991$18,394$12,225$7,960$5,100$908
35 years$25,933$17,446$11,430$7,328$4,619$773
36 years$24,935$16,559$10,692$6,749$4,185$658
37 years$23,994$15,727$10,008$6,218$3,793$560
38 years$23,104$14,946$9,372$5,731$3,439$477
39 years$22,262$14,213$8,780$5,284$3,119$406
40 years$21,464$13,522$8,230$4,874$2,829$346
41 years$20,707$12,872$7,717$4,497$2,566$295
42 years$19,988$12,259$7,239$4,150$2,329$251
43 years$19,305$11,680$6,793$3,831$2,113$214
44 years$18,654$11,133$6,376$3,537$1,918$182
45 years$18,034$10,617$5,987$3,267$1,741$155
46 years$17,442$10,128$5,623$3,018$1,581$132
47 years$16,878$9,665$5,283$2,788$1,436$112
48 years$16,338$9,227$4,964$2,576$1,304$96
49 years$15,822$8,811$4,666$2,381$1,184$82
50 years$15,329$8,417$4,387$2,201$1,076$69

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 $2,512 every year, while hoping to spend $45,359 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: 71/13/16 Blend
63$15,700,000$15,700,000$15,700,000$15,700,000
64$17,303,991$16,471,891$16,228,541$18,468,594
65$19,020,737$17,230,752$16,723,936$20,001,494
66$20,911,070$18,025,277$17,234,406$21,673,417
67$22,992,649$18,857,166$17,760,408$23,502,642
68$25,284,932$19,728,199$18,302,414$25,504,715
69$27,809,359$20,640,245$18,860,909$27,696,746
70$30,589,556$21,595,260$19,436,393$30,097,571
71$33,651,559$22,595,296$20,029,380$32,727,923
72$37,024,054$23,642,502$20,640,400$35,610,631
73$40,738,656$24,739,132$21,270,001$38,770,827
74$44,830,198$25,887,549$21,918,746$42,236,181
75$49,337,068$27,090,228$22,587,213$46,037,162
76$54,301,565$28,349,766$23,276,002$50,207,320
77$59,770,303$29,668,883$23,985,726$54,783,598
78$65,794,647$31,050,431$24,717,021$59,806,679
79$72,431,198$32,497,399$25,470,538$65,321,366
80$79,742,331$34,012,922$26,246,952$71,376,999
81$87,796,778$35,600,286$27,046,955$78,027,921
82$96,670,282$37,262,932$27,871,260$85,333,981
83$106,446,308$39,004,473$28,720,605$93,361,097
84$117,216,832$40,828,693$29,595,745$102,181,876
85$129,083,209$42,739,559$30,497,463$111,876,290
86$142,157,130$44,741,230$31,426,561$122,532,428
87$156,561,674$46,838,068$32,383,868$134,247,323
88$172,432,474$49,034,642$33,370,237$147,127,861
89$189,918,994$51,335,747$34,386,547$161,291,783
90$209,185,938$53,746,405$35,433,703$176,868,794
91$230,414,809$56,271,885$36,512,638$194,001,778
92$253,805,621$58,917,709$37,624,312$212,848,141
93$279,578,783$61,689,665$38,769,716$233,581,289
94$307,977,185$64,593,824$39,949,867$256,392,262
95$339,268,487$67,636,551$41,165,816$281,491,523
96$373,747,646$70,824,516$42,418,645$309,110,942
97$411,739,704$74,164,715$43,709,468$339,505,976
98$453,602,851$77,664,483$45,039,432$372,958,070
99$499,731,808$81,331,509$46,409,719$409,777,308
100$550,561,555$85,173,855$47,821,547$450,305,326