Can I retire at age 64 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,247,742
2 years$658,180$645,922$634,042$622,523$611,351$575,262
3 years$434,428$422,117$410,267$398,857$387,866$352,912
4 years$322,574$310,301$298,569$287,354$276,629$243,079
5 years$255,479$243,280$231,702$220,715$210,289$178,235
6 years$210,764$198,656$187,250$176,508$166,395$135,866
7 years$178,837$166,831$155,605$145,117$135,323$106,320
8 years$154,902$143,005$131,966$121,735$112,264$84,771
9 years$136,297$124,512$113,662$103,691$94,542$68,533
10 years$121,421$109,751$99,093$89,383$80,555$55,994
11 years$109,257$97,705$87,240$77,790$69,280$46,128
12 years$99,129$87,694$77,423$68,232$60,036$38,250
13 years$90,565$79,250$69,173$60,239$52,353$31,884
14 years$83,231$72,036$62,152$53,473$45,892$26,691
15 years$76,880$65,806$56,115$47,689$40,407$22,422
16 years$71,329$60,376$50,876$42,700$35,712$18,890
17 years$66,436$55,604$46,295$38,366$31,665$15,953
18 years$62,092$51,381$42,262$34,575$28,155$13,499
19 years$58,209$47,619$38,689$31,242$25,095$11,442
20 years$54,719$44,250$35,506$28,295$22,415$9,711
21 years$51,565$41,217$32,659$25,680$20,059$8,252
22 years$48,702$38,475$30,100$23,349$17,980$7,020
23 years$46,092$35,985$27,792$21,264$16,140$5,976
24 years$43,703$33,715$25,703$19,394$14,507$5,091
25 years$41,508$31,640$23,806$17,712$13,054$4,340
26 years$39,486$29,737$22,079$16,195$11,759$3,702
27 years$37,616$27,986$20,502$14,824$10,601$3,158
28 years$35,883$26,371$19,060$13,582$9,566$2,696
29 years$34,273$24,878$17,737$12,455$8,638$2,302
30 years$32,773$23,494$16,521$11,430$7,805$1,966
31 years$31,372$22,210$15,402$10,498$7,056$1,680
32 years$30,061$21,015$14,370$9,648$6,383$1,435
33 years$28,833$19,902$13,418$8,872$5,777$1,226
34 years$27,679$18,862$12,537$8,163$5,230$1,048
35 years$26,593$17,891$11,721$7,514$4,737$896
36 years$25,571$16,981$10,965$6,921$4,292$766
37 years$24,605$16,128$10,263$6,376$3,890$655
38 years$23,693$15,327$9,611$5,877$3,527$560
39 years$22,829$14,575$9,004$5,419$3,198$479
40 years$22,011$13,867$8,440$4,998$2,901$410
41 years$21,235$13,200$7,914$4,612$2,632$350
42 years$20,498$12,571$7,423$4,256$2,388$300
43 years$19,797$11,978$6,966$3,929$2,167$256
44 years$19,129$11,417$6,539$3,628$1,967$219
45 years$18,493$10,887$6,139$3,350$1,786$187
46 years$17,887$10,386$5,766$3,095$1,621$160
47 years$17,308$9,911$5,417$2,859$1,472$137
48 years$16,754$9,462$5,091$2,642$1,337$117
49 years$16,225$9,035$4,785$2,442$1,214$100
50 years$15,719$8,631$4,499$2,257$1,103$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $16,100,000, adding $5,334 every year, while hoping to spend $44,057 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: 84/6/10 Blend
63$16,100,000$16,100,000$16,100,000$16,100,000
64$17,747,702$16,894,402$16,644,852$19,211,766
65$19,511,091$17,675,351$17,155,578$20,950,854
66$21,452,870$18,493,091$17,681,937$22,854,323
67$23,591,186$19,349,376$18,224,406$24,943,819
68$25,946,040$20,246,048$18,783,477$27,238,021
69$28,539,469$21,185,037$19,359,655$29,757,503
70$31,395,755$22,168,365$19,953,464$32,524,924
71$34,541,659$23,198,151$20,565,442$35,565,246
72$38,006,666$24,276,618$21,196,142$38,905,958
73$41,823,269$25,406,095$21,846,136$42,577,346
74$46,027,273$26,589,025$22,516,012$46,612,768
75$50,658,133$27,827,966$23,206,377$51,048,971
76$55,759,328$29,125,601$23,917,856$55,926,434
77$61,378,768$30,484,744$24,651,092$61,289,753
78$67,569,248$31,908,342$25,406,750$67,188,052
79$74,388,947$33,399,487$26,185,512$73,675,452
80$81,901,976$34,961,418$26,988,083$80,811,576
81$90,178,983$36,597,533$27,815,189$88,662,111
82$99,297,819$38,311,392$28,667,578$97,299,423
83$109,344,275$40,106,728$29,546,020$106,803,241
84$120,412,888$41,987,456$30,451,309$117,261,407
85$132,607,839$43,957,677$31,384,264$128,770,701
86$146,043,929$46,021,693$32,345,727$141,437,749
87$160,847,667$48,184,014$33,336,567$155,380,034
88$177,158,466$50,449,368$34,357,678$170,726,996
89$195,129,953$52,822,710$35,409,984$187,621,253
90$214,931,423$55,309,237$36,494,433$206,219,944
91$236,749,437$57,914,399$37,612,005$226,696,207
92$260,789,581$60,643,906$38,763,709$249,240,816
93$287,278,408$63,503,747$39,950,583$274,063,969
94$316,465,577$66,500,202$41,173,699$301,397,277
95$348,626,207$69,639,853$42,434,159$331,495,941
96$384,063,477$72,929,604$43,733,101$364,641,161
97$423,111,487$76,376,690$45,071,695$401,142,781
98$466,138,411$79,988,699$46,451,149$441,342,217
99$513,549,972$83,773,588$47,872,705$485,615,667
100$565,793,273$87,739,698$49,337,645$534,377,664