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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.4%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,250,264
2 years$658,180$645,922$634,042$622,523$611,351$577,756
3 years$434,428$422,117$410,267$398,857$387,866$355,300
4 years$322,574$310,301$298,569$287,354$276,629$245,343
5 years$255,479$243,280$231,702$220,715$210,289$180,368
6 years$210,764$198,656$187,250$176,508$166,395$137,868
7 years$178,837$166,831$155,605$145,117$135,323$108,194
8 years$154,902$143,005$131,966$121,735$112,264$86,518
9 years$136,297$124,512$113,662$103,691$94,542$70,157
10 years$121,421$109,751$99,093$89,383$80,555$57,501
11 years$109,257$97,705$87,240$77,790$69,280$47,521
12 years$99,129$87,694$77,423$68,232$60,036$39,535
13 years$90,565$79,250$69,173$60,239$52,353$33,067
14 years$83,231$72,036$62,152$53,473$45,892$27,777
15 years$76,880$65,806$56,115$47,689$40,407$23,416
16 years$71,329$60,376$50,876$42,700$35,712$19,798
17 years$66,436$55,604$46,295$38,366$31,665$16,781
18 years$62,092$51,381$42,262$34,575$28,155$14,252
19 years$58,209$47,619$38,689$31,242$25,095$12,125
20 years$54,719$44,250$35,506$28,295$22,415$10,331
21 years$51,565$41,217$32,659$25,680$20,059$8,813
22 years$48,702$38,475$30,100$23,349$17,980$7,525
23 years$46,092$35,985$27,792$21,264$16,140$6,432
24 years$43,703$33,715$25,703$19,394$14,507$5,501
25 years$41,508$31,640$23,806$17,712$13,054$4,708
26 years$39,486$29,737$22,079$16,195$11,759$4,032
27 years$37,616$27,986$20,502$14,824$10,601$3,454
28 years$35,883$26,371$19,060$13,582$9,566$2,961
29 years$34,273$24,878$17,737$12,455$8,638$2,538
30 years$32,773$23,494$16,521$11,430$7,805$2,177
31 years$31,372$22,210$15,402$10,498$7,056$1,867
32 years$30,061$21,015$14,370$9,648$6,383$1,602
33 years$28,833$19,902$13,418$8,872$5,777$1,375
34 years$27,679$18,862$12,537$8,163$5,230$1,180
35 years$26,593$17,891$11,721$7,514$4,737$1,013
36 years$25,571$16,981$10,965$6,921$4,292$870
37 years$24,605$16,128$10,263$6,376$3,890$747
38 years$23,693$15,327$9,611$5,877$3,527$641
39 years$22,829$14,575$9,004$5,419$3,198$551
40 years$22,011$13,867$8,440$4,998$2,901$473
41 years$21,235$13,200$7,914$4,612$2,632$406
42 years$20,498$12,571$7,423$4,256$2,388$349
43 years$19,797$11,978$6,966$3,929$2,167$300
44 years$19,129$11,417$6,539$3,628$1,967$257
45 years$18,493$10,887$6,139$3,350$1,786$221
46 years$17,887$10,386$5,766$3,095$1,621$190
47 years$17,308$9,911$5,417$2,859$1,472$163
48 years$16,754$9,462$5,091$2,642$1,337$140
49 years$16,225$9,035$4,785$2,442$1,214$120
50 years$15,719$8,631$4,499$2,257$1,103$103

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 $4,780 every year, while hoping to spend $40,730 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: 54/41/5 Blend
63$16,100,000$16,100,000$16,100,000$16,100,000
64$17,747,131$16,893,831$16,644,281$18,686,544
65$19,514,001$17,678,292$17,158,528$20,105,646
66$21,459,728$18,499,827$17,688,637$21,644,341
67$23,602,511$19,360,209$18,235,096$23,317,856
68$25,962,405$20,261,297$18,798,410$25,138,952
69$28,561,510$21,205,040$19,379,097$27,121,644
70$31,424,178$22,193,481$19,977,691$29,281,330
71$34,577,245$23,228,762$20,594,744$31,634,930
72$38,050,280$24,313,128$21,230,824$34,201,034
73$41,875,868$25,448,931$21,886,516$37,000,076
74$46,089,917$26,638,639$22,562,425$40,054,516
75$50,731,994$27,884,838$23,259,172$43,389,044
76$55,845,702$29,190,239$23,977,398$47,030,806
77$61,479,088$30,557,685$24,717,765$51,009,652
78$67,685,098$31,990,155$25,480,954$55,358,406
79$74,522,079$33,490,773$26,267,666$60,113,168
80$82,054,324$35,062,814$27,078,627$65,313,644
81$90,352,685$36,709,712$27,914,580$71,003,512
82$99,495,236$38,435,065$28,776,296$77,230,820
83$109,568,015$40,242,648$29,664,566$84,048,431
84$120,665,831$42,136,417$30,580,208$91,514,510
85$132,893,164$44,120,519$31,524,063$99,693,056
86$146,365,147$46,199,304$32,496,999$108,654,500
87$161,208,653$48,377,332$33,499,910$118,476,348
88$177,563,496$50,659,382$34,533,718$129,243,905
89$195,583,748$53,050,466$35,599,372$141,051,059
90$215,439,191$55,555,840$36,697,853$154,001,158
91$237,316,926$58,181,014$37,830,168$168,207,961
92$261,423,132$60,931,763$38,997,358$183,796,702
93$287,985,018$63,814,145$40,200,496$200,905,247
94$317,252,962$66,834,511$41,440,685$219,685,381
95$349,502,882$69,999,520$42,719,065$240,304,220
96$385,038,831$73,316,152$44,036,810$262,945,764
97$424,195,878$76,791,729$45,395,128$287,812,615
98$467,343,260$80,433,926$46,795,268$315,127,867
99$514,887,876$84,250,793$48,238,513$345,137,185
100$567,278,125$88,250,767$49,726,189$378,111,100