Can I retire at age 64 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,219,028
2 years$650,004$637,898$626,165$614,790$603,756$555,113
3 years$429,031$416,873$405,171$393,902$383,048$336,152
4 years$318,567$306,446$294,860$283,784$273,193$228,402
5 years$252,305$240,257$228,824$217,973$207,677$165,106
6 years$208,146$196,188$184,924$174,315$164,328$124,006
7 years$176,615$164,759$153,672$143,314$133,642$95,556
8 years$152,978$141,229$130,326$120,223$110,869$74,982
9 years$134,604$122,965$112,250$102,403$93,368$59,627
10 years$119,912$108,387$97,862$88,272$79,554$47,897
11 years$107,900$96,491$86,156$76,823$68,419$38,774
12 years$97,897$86,605$76,461$67,384$59,291$31,580
13 years$89,440$78,266$68,313$59,490$51,703$25,845
14 years$82,197$71,141$61,380$52,809$45,322$21,233
15 years$75,925$64,989$55,418$47,096$39,905$17,498
16 years$70,443$59,626$50,244$42,170$35,268$14,457
17 years$65,611$54,913$45,720$37,889$31,271$11,969
18 years$61,320$50,742$41,737$34,146$27,805$9,926
19 years$57,486$47,028$38,208$30,854$24,783$8,243
20 years$54,039$43,700$35,065$27,944$22,137$6,854
21 years$50,925$40,705$32,253$25,361$19,810$5,704
22 years$48,097$37,997$29,726$23,059$17,757$4,750
23 years$45,519$35,538$27,447$21,000$15,940$3,959
24 years$43,160$33,296$25,384$19,153$14,327$3,301
25 years$40,993$31,247$23,511$17,492$12,892$2,754
26 years$38,995$29,367$21,805$15,994$11,613$2,298
27 years$37,149$27,638$20,248$14,639$10,470$1,919
28 years$35,438$26,043$18,823$13,413$9,447$1,602
29 years$33,847$24,569$17,516$12,300$8,530$1,338
30 years$32,366$23,203$16,316$11,288$7,708$1,118
31 years$30,982$21,934$15,211$10,367$6,969$934
32 years$29,688$20,754$14,192$9,528$6,304$780
33 years$28,475$19,654$13,251$8,762$5,705$652
34 years$27,335$18,628$12,381$8,061$5,165$545
35 years$26,263$17,668$11,575$7,421$4,678$456
36 years$25,253$16,770$10,829$6,835$4,239$381
37 years$24,300$15,927$10,135$6,297$3,842$318
38 years$23,399$15,137$9,491$5,804$3,483$266
39 years$22,546$14,394$8,892$5,352$3,158$222
40 years$21,738$13,694$8,335$4,936$2,865$186
41 years$20,971$13,036$7,815$4,554$2,599$155
42 years$20,243$12,415$7,331$4,203$2,358$130
43 years$19,551$11,829$6,879$3,880$2,140$109
44 years$18,891$11,275$6,457$3,582$1,943$91
45 years$18,263$10,752$6,063$3,309$1,764$76
46 years$17,664$10,257$5,695$3,056$1,601$63
47 years$17,093$9,788$5,350$2,823$1,454$53
48 years$16,546$9,344$5,028$2,609$1,320$44
49 years$16,024$8,923$4,726$2,411$1,199$37
50 years$15,524$8,524$4,443$2,229$1,089$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $15,900,000, adding $4,150 every year, while hoping to spend $41,364 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: 76/6/18 Blend
63$15,900,000$15,900,000$15,900,000$15,900,000
64$17,526,081$16,683,381$16,436,931$18,785,887
65$19,269,730$17,456,855$16,943,557$20,393,335
66$21,189,845$18,266,844$17,465,769$22,149,718
67$23,304,382$19,115,092$18,004,045$24,074,332
68$25,633,127$20,003,429$18,558,878$26,183,958
69$28,197,882$20,933,773$19,130,776$28,497,069
70$31,022,672$21,908,135$19,720,264$31,034,012
71$34,133,972$22,928,621$20,327,880$33,817,193
72$37,560,955$23,997,441$20,954,182$36,871,286
73$41,335,768$25,116,911$21,599,743$40,223,470
74$45,493,835$26,289,459$22,265,153$43,903,674
75$50,074,192$27,517,628$22,951,021$47,944,866
76$55,119,855$28,804,087$23,657,976$52,383,358
77$60,678,226$30,151,633$24,386,664$57,259,145
78$66,801,539$31,563,197$25,137,751$62,616,285
79$73,547,355$33,041,853$25,911,925$68,503,307
80$80,979,105$34,590,823$26,709,893$74,973,669
81$89,166,685$36,213,485$27,532,386$82,086,261
82$98,187,121$37,913,380$28,380,156$89,905,956
83$108,125,293$39,694,221$29,253,977$98,504,220
84$119,074,736$41,559,901$30,154,648$107,959,784
85$131,138,523$43,514,500$31,082,992$118,359,386
86$144,430,238$45,562,296$32,039,859$129,798,580
87$159,075,050$47,707,776$33,026,121$142,382,643
88$175,210,889$49,955,641$34,042,680$156,227,559
89$192,989,754$52,310,822$35,090,464$171,461,114
90$212,579,146$54,778,489$36,170,432$188,224,095
91$234,163,645$57,364,061$37,283,567$206,671,618
92$257,946,658$60,073,221$38,430,888$226,974,586
93$284,152,335$62,911,928$39,613,441$249,321,300
94$313,027,688$65,886,427$40,832,306$273,919,232
95$344,844,919$69,003,268$42,088,595$300,996,975
96$379,903,992$72,269,320$43,383,454$330,806,402
97$418,535,465$75,691,782$44,718,066$363,625,035
98$461,103,608$79,278,205$46,093,647$399,758,658
99$508,009,844$83,036,505$47,511,451$439,544,204
100$559,696,536$86,974,982$48,972,773$483,352,924