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%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 $6,454 every year, while hoping to spend $41,835 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: 62/33/5 Blend
63$15,900,000$15,900,000$15,900,000$15,900,000
64$17,528,457$16,685,757$16,439,307$18,601,213
65$19,271,848$17,458,847$16,945,512$20,090,295
66$21,191,662$18,268,417$17,467,272$21,709,313
67$23,305,851$19,116,208$18,005,065$23,475,200
68$25,634,195$20,004,050$18,559,383$25,402,127
69$28,198,492$20,933,857$19,130,731$27,505,678
70$31,022,760$21,907,638$19,719,632$29,802,984
71$34,133,465$22,927,496$20,326,623$32,312,886
72$37,559,774$23,995,639$20,952,261$35,056,103
73$41,333,824$25,114,378$21,597,114$38,055,423
74$45,491,030$26,286,139$22,261,774$41,335,913
75$50,070,418$27,513,462$22,946,846$44,925,147
76$55,114,991$28,799,012$23,652,956$48,853,464
77$60,672,138$30,145,582$24,380,748$53,154,240
78$66,794,081$31,556,100$25,130,887$57,864,203
79$73,538,362$33,033,634$25,904,058$63,023,768
80$80,968,397$34,581,404$26,700,965$68,677,411
81$89,154,062$36,202,781$27,522,335$74,874,083
82$98,172,361$37,901,303$28,368,919$81,667,657
83$108,108,152$39,680,676$29,241,488$89,117,435
84$119,054,943$41,544,789$30,140,837$97,288,693
85$131,115,779$43,497,715$31,067,787$106,253,288
86$144,404,213$45,543,728$32,023,183$116,090,328
87$159,045,378$47,687,306$33,007,895$126,886,903
88$175,177,168$49,933,146$34,022,820$138,738,900
89$192,951,539$52,286,170$35,068,885$151,751,896
90$212,535,945$54,751,541$36,147,041$166,042,135
91$234,114,915$57,334,670$37,258,271$181,737,622
92$257,891,800$60,041,232$38,403,586$198,979,311
93$284,090,688$62,877,177$39,584,030$217,922,420
94$312,958,521$65,848,741$40,800,678$238,737,885
95$344,767,426$68,962,465$42,054,637$261,613,957
96$379,817,284$72,225,207$43,347,048$286,757,960
97$418,438,561$75,644,156$44,679,088$314,398,229
98$460,995,425$79,226,850$46,051,968$344,786,252
99$507,889,187$82,981,195$47,466,938$378,199,023
100$559,562,088$86,915,478$48,925,285$414,941,633