Can I retire at age 64 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,211,840
2 years$645,915$633,886$622,227$610,924$599,959$552,091
3 years$426,333$414,251$402,622$391,425$380,639$334,483
4 years$316,563$304,519$293,006$281,999$271,475$227,383
5 years$250,719$238,746$227,385$216,603$206,371$164,456
6 years$206,836$194,954$183,761$173,219$163,294$123,586
7 years$175,504$163,722$152,706$142,413$132,802$95,287
8 years$152,016$140,340$129,507$119,467$110,172$74,815
9 years$133,757$122,191$111,544$101,759$92,781$59,531
10 years$119,158$107,706$97,247$87,717$79,054$47,850
11 years$107,222$95,884$85,614$76,340$67,989$38,761
12 years$97,282$86,060$75,981$66,961$58,918$31,591
13 years$88,877$77,773$67,884$59,116$51,377$25,871
14 years$81,680$70,694$60,994$52,477$45,037$21,270
15 years$75,448$64,580$55,069$46,800$39,654$17,541
16 years$70,000$59,251$49,928$41,904$35,047$14,503
17 years$65,198$54,568$45,433$37,651$31,075$12,016
18 years$60,935$50,423$41,474$33,931$27,630$9,973
19 years$57,124$46,732$37,968$30,659$24,627$8,288
20 years$53,699$43,425$34,845$27,768$21,998$6,896
21 years$50,604$40,449$32,051$25,201$19,685$5,744
22 years$47,795$37,758$29,540$22,914$17,645$4,787
23 years$45,233$35,314$27,275$20,868$15,839$3,993
24 years$42,889$33,087$25,224$19,033$14,237$3,332
25 years$40,735$31,051$23,363$17,382$12,811$2,782
26 years$38,750$29,182$21,668$15,893$11,540$2,324
27 years$36,915$27,464$20,120$14,547$10,404$1,941
28 years$35,215$25,879$18,705$13,328$9,388$1,622
29 years$33,634$24,414$17,406$12,222$8,477$1,356
30 years$32,162$23,057$16,213$11,217$7,659$1,134
31 years$30,787$21,796$15,115$10,302$6,925$948
32 years$29,501$20,624$14,103$9,468$6,264$793
33 years$28,295$19,531$13,168$8,707$5,669$663
34 years$27,163$18,511$12,303$8,011$5,133$555
35 years$26,098$17,557$11,503$7,374$4,649$464
36 years$25,094$16,664$10,760$6,792$4,212$388
37 years$24,147$15,827$10,072$6,258$3,817$325
38 years$23,251$15,042$9,432$5,768$3,461$272
39 years$22,404$14,303$8,836$5,318$3,138$227
40 years$21,601$13,608$8,282$4,905$2,847$190
41 years$20,839$12,954$7,766$4,526$2,583$159
42 years$20,116$12,337$7,285$4,177$2,343$133
43 years$19,428$11,754$6,836$3,856$2,127$111
44 years$18,773$11,204$6,417$3,560$1,930$93
45 years$18,149$10,684$6,025$3,288$1,753$78
46 years$17,553$10,192$5,659$3,037$1,591$65
47 years$16,985$9,727$5,316$2,806$1,445$55
48 years$16,442$9,285$4,996$2,593$1,312$46
49 years$15,923$8,867$4,696$2,396$1,192$38
50 years$15,426$8,470$4,415$2,215$1,082$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $15,800,000, adding $3,472 every year, while hoping to spend $27,628 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: 74/20/6 Blend
63$15,800,000$15,800,000$15,800,000$15,800,000
64$17,415,181$16,577,781$16,332,881$18,692,240
65$19,162,134$17,360,697$16,850,637$20,316,085
66$21,086,350$18,181,049$17,384,811$22,090,559
67$23,205,880$19,040,643$17,935,925$24,033,595
68$25,540,618$19,941,372$18,504,517$26,161,844
69$28,112,482$20,885,221$19,091,139$28,493,633
70$30,945,628$21,874,270$19,696,366$31,049,131
71$34,066,674$22,910,701$20,320,786$33,850,539
72$37,504,952$23,996,802$20,965,008$36,922,295
73$41,292,783$25,134,971$21,629,662$40,291,299
74$45,465,786$26,327,724$22,315,395$43,987,165
75$50,063,211$27,577,698$23,022,876$48,042,496
76$55,128,311$28,887,657$23,752,795$52,493,186
77$60,708,749$30,260,503$24,505,864$57,378,755
78$66,857,048$31,699,274$25,282,817$62,742,720
79$73,631,087$33,207,159$26,084,412$68,632,997
80$81,094,649$34,787,501$26,911,431$75,102,346
81$89,318,021$36,443,805$27,764,681$82,208,872
82$98,378,655$38,179,748$28,644,993$90,016,560
83$108,361,904$39,999,183$29,553,228$98,595,874
84$119,361,828$41,906,151$30,490,270$108,024,421
85$131,482,074$43,904,892$31,457,033$118,387,670
86$144,836,863$45,999,850$32,454,462$129,779,756
87$159,552,065$48,195,684$33,483,528$142,304,363
88$175,766,385$50,497,283$34,545,236$156,075,688
89$193,632,677$52,909,770$35,640,622$171,219,521
90$213,319,381$55,438,519$36,770,753$187,874,416
91$235,012,118$58,089,167$37,936,734$206,192,993
92$258,915,440$60,867,623$39,139,701$226,343,371
93$285,254,762$63,780,083$40,380,828$248,510,745
94$314,278,488$66,833,048$41,661,326$272,899,121
95$346,260,358$70,033,331$42,982,445$299,733,237
96$381,502,031$73,388,081$44,345,473$329,260,669
97$420,335,932$76,904,791$45,751,741$361,754,159
98$463,128,394$80,591,322$47,202,620$397,514,177
99$510,283,110$84,455,917$48,699,528$436,871,745
100$562,244,948$88,507,218$50,243,923$480,191,548