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

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,260,955
2 years$650,004$637,898$626,165$614,790$603,756$596,761
3 years$429,031$416,873$405,171$393,902$383,048$376,206
4 years$318,567$306,446$294,860$283,784$273,193$266,557
5 years$252,305$240,257$228,824$217,973$207,677$201,268
6 years$208,146$196,188$184,924$174,315$164,328$158,153
7 years$176,615$164,759$153,672$143,314$133,642$127,705
8 years$152,978$141,229$130,326$120,223$110,869$105,170
9 years$134,604$122,965$112,250$102,403$93,368$87,905
10 years$119,912$108,387$97,862$88,272$79,554$74,325
11 years$107,900$96,491$86,156$76,823$68,419$63,420
12 years$97,897$86,605$76,461$67,384$59,291$54,518
13 years$89,440$78,266$68,313$59,490$51,703$47,151
14 years$82,197$71,141$61,380$52,809$45,322$40,987
15 years$75,925$64,989$55,418$47,096$39,905$35,781
16 years$70,443$59,626$50,244$42,170$35,268$31,349
17 years$65,611$54,913$45,720$37,889$31,271$27,550
18 years$61,320$50,742$41,737$34,146$27,805$24,277
19 years$57,486$47,028$38,208$30,854$24,783$21,441
20 years$54,039$43,700$35,065$27,944$22,137$18,974
21 years$50,925$40,705$32,253$25,361$19,810$16,821
22 years$48,097$37,997$29,726$23,059$17,757$14,934
23 years$45,519$35,538$27,447$21,000$15,940$13,276
24 years$43,160$33,296$25,384$19,153$14,327$11,817
25 years$40,993$31,247$23,511$17,492$12,892$10,528
26 years$38,995$29,367$21,805$15,994$11,613$9,389
27 years$37,149$27,638$20,248$14,639$10,470$8,380
28 years$35,438$26,043$18,823$13,413$9,447$7,484
29 years$33,847$24,569$17,516$12,300$8,530$6,689
30 years$32,366$23,203$16,316$11,288$7,708$5,981
31 years$30,982$21,934$15,211$10,367$6,969$5,351
32 years$29,688$20,754$14,192$9,528$6,304$4,790
33 years$28,475$19,654$13,251$8,762$5,705$4,289
34 years$27,335$18,628$12,381$8,061$5,165$3,841
35 years$26,263$17,668$11,575$7,421$4,678$3,442
36 years$25,253$16,770$10,829$6,835$4,239$3,085
37 years$24,300$15,927$10,135$6,297$3,842$2,766
38 years$23,399$15,137$9,491$5,804$3,483$2,480
39 years$22,546$14,394$8,892$5,352$3,158$2,224
40 years$21,738$13,694$8,335$4,936$2,865$1,995
41 years$20,971$13,036$7,815$4,554$2,599$1,790
42 years$20,243$12,415$7,331$4,203$2,358$1,606
43 years$19,551$11,829$6,879$3,880$2,140$1,442
44 years$18,891$11,275$6,457$3,582$1,943$1,294
45 years$18,263$10,752$6,063$3,309$1,764$1,162
46 years$17,664$10,257$5,695$3,056$1,601$1,043
47 years$17,093$9,788$5,350$2,823$1,454$936
48 years$16,546$9,344$5,028$2,609$1,320$841
49 years$16,024$8,923$4,726$2,411$1,199$755
50 years$15,524$8,524$4,443$2,229$1,089$678

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 $3,311 every year, while hoping to spend $53,499 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: 73/19/8 Blend
63$15,900,000$15,900,000$15,900,000$15,900,000
64$17,525,215$16,682,515$16,436,065$18,781,965
65$19,255,865$17,443,036$16,929,751$20,371,817
66$21,161,247$18,239,029$17,438,182$22,105,463
67$23,259,129$19,072,177$17,961,796$24,002,632
68$25,569,088$19,944,240$18,501,043$26,079,462
69$28,112,694$20,857,067$19,056,387$28,353,713
70$30,913,718$21,812,593$19,628,306$30,844,932
71$33,998,353$22,812,845$20,217,289$33,574,636
72$37,395,460$23,859,950$20,823,844$36,566,508
73$41,136,845$24,956,136$21,448,491$39,846,622
74$45,257,553$26,103,736$22,091,765$43,443,679
75$49,796,203$27,305,199$22,754,219$47,389,282
76$54,795,350$28,563,088$23,436,420$51,718,221
77$60,301,888$29,880,092$24,138,952$56,468,807
78$66,367,492$31,259,027$24,862,418$61,683,219
79$73,049,103$32,702,847$25,607,436$67,407,906
80$80,409,471$34,214,646$26,374,645$73,694,016
81$88,517,742$35,797,668$27,164,700$80,597,876
82$97,450,111$37,455,313$27,978,276$88,181,516
83$107,290,543$39,191,144$28,816,070$96,513,250
84$118,131,566$41,008,898$29,678,796$105,668,317
85$130,075,141$42,912,489$30,567,191$115,729,582
86$143,233,627$44,906,023$31,482,013$126,788,314
87$157,730,839$46,993,800$32,424,043$138,945,041
88$173,703,219$49,180,331$33,394,083$152,310,489
89$191,301,123$51,470,342$34,392,960$167,006,624
90$210,690,239$53,868,790$35,421,525$183,167,795
91$232,053,151$56,380,869$36,480,654$200,941,991
92$255,591,064$59,012,023$37,571,247$220,492,233
93$281,525,702$61,767,961$38,694,233$241,998,104
94$310,101,399$64,654,667$39,850,566$265,657,435
95$341,587,411$67,678,414$41,041,229$291,688,159
96$376,280,448$70,845,779$42,267,232$320,330,367
97$414,507,487$74,163,654$43,529,617$351,848,555
98$456,628,845$77,639,268$44,829,454$386,534,117
99$503,041,593$81,280,198$46,167,846$424,708,079
100$554,183,294$85,094,386$47,545,927$466,724,122