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%17.6%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,244,235
2 years$658,180$645,922$634,042$622,523$611,351$571,799
3 years$434,428$422,117$410,267$398,857$387,866$349,605
4 years$322,574$310,301$298,569$287,354$276,629$239,952
5 years$255,479$243,280$231,702$220,715$210,289$175,294
6 years$210,764$198,656$187,250$176,508$166,395$133,113
7 years$178,837$166,831$155,605$145,117$135,323$103,753
8 years$154,902$143,005$131,966$121,735$112,264$82,383
9 years$136,297$124,512$113,662$103,691$94,542$66,320
10 years$121,421$109,751$99,093$89,383$80,555$53,949
11 years$109,257$97,705$87,240$77,790$69,280$44,244
12 years$99,129$87,694$77,423$68,232$60,036$36,518
13 years$90,565$79,250$69,173$60,239$52,353$30,297
14 years$83,231$72,036$62,152$53,473$45,892$25,240
15 years$76,880$65,806$56,115$47,689$40,407$21,099
16 years$71,329$60,376$50,876$42,700$35,712$17,686
17 years$66,436$55,604$46,295$38,366$31,665$14,859
18 years$62,092$51,381$42,262$34,575$28,155$12,509
19 years$58,209$47,619$38,689$31,242$25,095$10,546
20 years$54,719$44,250$35,506$28,295$22,415$8,904
21 years$51,565$41,217$32,659$25,680$20,059$7,525
22 years$48,702$38,475$30,100$23,349$17,980$6,366
23 years$46,092$35,985$27,792$21,264$16,140$5,390
24 years$43,703$33,715$25,703$19,394$14,507$4,567
25 years$41,508$31,640$23,806$17,712$13,054$3,871
26 years$39,486$29,737$22,079$16,195$11,759$3,283
27 years$37,616$27,986$20,502$14,824$10,601$2,786
28 years$35,883$26,371$19,060$13,582$9,566$2,364
29 years$34,273$24,878$17,737$12,455$8,638$2,007
30 years$32,773$23,494$16,521$11,430$7,805$1,704
31 years$31,372$22,210$15,402$10,498$7,056$1,448
32 years$30,061$21,015$14,370$9,648$6,383$1,230
33 years$28,833$19,902$13,418$8,872$5,777$1,045
34 years$27,679$18,862$12,537$8,163$5,230$888
35 years$26,593$17,891$11,721$7,514$4,737$754
36 years$25,571$16,981$10,965$6,921$4,292$641
37 years$24,605$16,128$10,263$6,376$3,890$545
38 years$23,693$15,327$9,611$5,877$3,527$463
39 years$22,829$14,575$9,004$5,419$3,198$394
40 years$22,011$13,867$8,440$4,998$2,901$335
41 years$21,235$13,200$7,914$4,612$2,632$285
42 years$20,498$12,571$7,423$4,256$2,388$242
43 years$19,797$11,978$6,966$3,929$2,167$206
44 years$19,129$11,417$6,539$3,628$1,967$175
45 years$18,493$10,887$6,139$3,350$1,786$149
46 years$17,887$10,386$5,766$3,095$1,621$126
47 years$17,308$9,911$5,417$2,859$1,472$108
48 years$16,754$9,462$5,091$2,642$1,337$91
49 years$16,225$9,035$4,785$2,442$1,214$78
50 years$15,719$8,631$4,499$2,257$1,103$66

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 $2,697 every year, while hoping to spend $27,245 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: 61/21/18 Blend
63$16,100,000$16,100,000$16,100,000$16,100,000
64$17,744,982$16,891,682$16,642,132$18,745,318
65$19,525,982$17,690,386$17,170,655$20,219,304
66$21,487,730$18,527,313$17,715,970$21,823,914
67$23,648,635$19,404,308$18,278,612$23,574,453
68$26,028,981$20,323,304$18,859,130$25,485,085
69$28,651,120$21,286,329$19,458,094$27,571,388
70$31,539,683$22,295,508$20,076,089$29,850,497
71$34,721,813$23,353,070$20,713,721$32,341,261
72$38,227,421$24,461,354$21,371,613$35,064,418
73$42,089,466$25,622,808$22,050,410$38,042,785
74$46,344,270$26,840,004$22,750,777$41,301,466
75$51,031,856$28,115,635$23,473,399$44,868,088
76$56,196,331$29,452,527$24,218,983$48,773,055
77$61,886,298$30,853,642$24,988,261$53,049,825
78$68,155,317$32,322,087$25,781,984$57,735,229
79$75,062,409$33,861,119$26,600,930$62,869,804
80$82,672,615$35,474,154$27,445,902$68,498,173
81$91,057,608$37,164,773$28,317,725$74,669,459
82$100,296,370$38,936,734$29,217,256$81,437,743
83$110,475,939$40,793,973$30,145,373$88,862,563
84$121,692,229$42,740,621$31,102,986$97,009,474
85$134,050,933$44,781,009$32,091,034$105,950,655
86$147,668,528$46,919,678$33,110,483$115,765,584
87$162,673,366$49,161,390$34,162,332$126,541,776
88$179,206,890$51,511,139$35,247,612$138,375,604
89$197,424,971$53,974,163$36,367,385$151,373,200
90$217,499,374$56,555,953$37,522,748$165,651,441
91$239,619,383$59,262,268$38,714,833$181,339,046
92$263,993,588$62,099,147$39,944,807$198,577,783
93$290,851,852$65,072,923$41,213,877$217,523,789
94$320,447,483$68,190,238$42,523,284$238,349,038
95$353,059,624$71,458,057$43,874,311$261,242,947
96$388,995,888$74,883,684$45,268,283$286,414,156
97$428,595,262$78,474,779$46,706,564$314,092,481
98$472,231,309$82,239,373$48,190,564$344,531,069
99$520,315,692$86,185,892$49,721,737$378,008,775
100$573,302,061$90,323,169$51,301,584$414,832,777