Can I retire at age 64 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,232,556
2 years$654,092$641,910$630,104$618,657$607,554$564,357
3 years$431,730$419,495$407,719$396,379$385,457$343,727
4 years$320,570$308,373$296,715$285,569$274,911$234,967
5 years$253,892$241,768$230,263$219,344$208,983$170,931
6 years$209,455$197,422$186,087$175,411$165,361$129,231
7 years$177,726$165,795$154,639$144,215$134,483$100,268
8 years$153,940$142,117$131,146$120,979$111,567$79,242
9 years$135,450$123,738$112,956$103,047$93,955$63,480
10 years$120,667$109,069$98,478$88,828$80,054$51,380
11 years$108,579$97,098$86,698$77,307$68,850$41,919
12 years$98,513$87,150$76,942$67,808$59,664$34,416
13 years$90,002$78,758$68,743$59,865$52,028$28,398
14 years$82,714$71,589$61,766$53,141$45,607$23,527
15 years$76,403$65,398$55,766$47,392$40,156$19,556
16 years$70,886$60,001$50,560$42,435$35,490$16,298
17 years$66,023$55,259$46,008$38,127$31,468$13,613
18 years$61,706$51,062$41,999$34,360$27,980$11,391
19 years$57,847$47,323$38,448$31,048$24,939$9,547
20 years$54,379$43,975$35,286$28,120$22,276$8,011
21 years$51,245$40,961$32,456$25,520$19,935$6,729
22 years$48,400$38,236$29,913$23,204$17,869$5,657
23 years$45,806$35,761$27,620$21,132$16,040$4,759
24 years$43,431$33,506$25,544$19,274$14,417$4,007
25 years$41,250$31,444$23,659$17,602$12,973$3,375
26 years$39,241$29,552$21,942$16,094$11,686$2,844
27 years$37,383$27,812$20,375$14,731$10,536$2,397
28 years$35,661$26,207$18,941$13,497$9,506$2,021
29 years$34,060$24,723$17,627$12,377$8,584$1,705
30 years$32,569$23,348$16,418$11,359$7,756$1,438
31 years$31,177$22,072$15,306$10,433$7,012$1,213
32 years$29,875$20,885$14,281$9,588$6,343$1,024
33 years$28,654$19,778$13,334$8,817$5,741$864
34 years$27,507$18,745$12,459$8,112$5,197$730
35 years$26,428$17,779$11,648$7,468$4,708$616
36 years$25,412$16,875$10,897$6,878$4,265$520
37 years$24,452$16,028$10,199$6,337$3,866$439
38 years$23,546$15,232$9,551$5,841$3,505$371
39 years$22,688$14,484$8,948$5,385$3,178$313
40 years$21,875$13,780$8,387$4,967$2,883$264
41 years$21,103$13,118$7,864$4,583$2,615$223
42 years$20,370$12,493$7,377$4,230$2,373$188
43 years$19,674$11,903$6,922$3,904$2,154$159
44 years$19,010$11,346$6,498$3,605$1,955$134
45 years$18,378$10,820$6,101$3,329$1,775$114
46 years$17,776$10,322$5,731$3,075$1,611$96
47 years$17,200$9,850$5,384$2,841$1,463$81
48 years$16,650$9,403$5,059$2,625$1,329$68
49 years$16,125$8,979$4,755$2,426$1,207$58
50 years$15,622$8,577$4,471$2,243$1,096$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $16,000,000, adding $6,155 every year, while hoping to spend $43,718 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: 82/7/11 Blend
63$16,000,000$16,000,000$16,000,000$16,000,000
64$17,638,349$16,790,349$16,542,349$19,051,674
65$19,390,945$17,566,560$17,050,002$20,754,897
66$21,320,840$18,379,341$17,573,196$22,618,123
67$23,446,074$19,230,436$18,112,406$24,662,502
68$25,786,522$20,121,677$18,668,120$26,906,186
69$28,364,088$21,054,979$19,240,843$29,369,166
70$31,202,907$22,032,355$19,831,093$32,073,458
71$34,329,574$23,055,911$20,439,406$35,043,311
72$37,773,397$24,127,857$21,066,332$38,305,432
73$41,566,669$25,250,507$21,712,439$41,889,238
74$45,744,976$26,426,290$22,378,313$45,827,132
75$50,347,534$27,657,749$23,064,557$50,154,805
76$55,417,555$28,947,551$23,771,793$54,911,572
77$61,002,658$30,298,492$24,500,659$60,140,742
78$67,155,314$31,713,504$25,251,817$65,890,021
79$73,933,349$33,195,658$26,025,945$72,211,965
80$81,400,482$34,748,177$26,823,746$79,164,469
81$89,626,928$36,374,435$27,645,939$86,811,315
82$98,690,066$38,077,973$28,493,269$95,222,766
83$108,675,161$39,862,503$29,366,502$104,476,235
84$119,676,176$41,731,913$30,266,427$114,657,003
85$131,796,652$43,690,283$31,193,859$125,859,028
86$145,150,693$45,741,889$32,149,635$138,185,827
87$159,864,035$47,891,213$33,134,620$151,751,450
88$176,075,239$50,142,955$34,149,702$166,681,550
89$193,936,996$52,502,043$35,195,800$183,114,573
90$213,617,568$54,973,641$36,273,857$201,203,053
91$235,302,376$57,563,166$37,384,848$221,115,054
92$259,195,753$60,276,296$38,529,775$243,035,749
93$285,522,870$63,118,984$39,709,672$267,169,167
94$314,531,860$66,097,472$40,925,604$293,740,112
95$346,496,166$69,218,304$42,178,668$322,996,281
96$381,717,116$72,488,342$43,469,994$355,210,601
97$420,526,770$75,914,779$44,800,747$390,683,795
98$463,291,056$79,505,159$46,172,128$429,747,220
99$510,413,222$83,267,390$47,585,372$472,765,989
100$562,337,643$87,209,764$49,041,754$520,142,412