Can I retire at age 64 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,254,481
2 years$662,268$649,934$637,980$626,390$615,148$577,836
3 years$437,126$424,739$412,815$401,334$390,275$354,149
4 years$324,577$312,228$300,424$289,139$278,348$243,685
5 years$257,066$244,791$233,141$222,086$211,595$178,491
6 years$212,073$199,890$188,413$177,604$167,428$135,912
7 years$179,948$167,867$156,572$146,018$136,164$106,236
8 years$155,865$143,893$132,785$122,491$112,961$84,604
9 years$137,143$125,285$114,368$104,335$95,130$68,315
10 years$122,175$110,433$99,709$89,938$81,055$55,746
11 years$109,936$98,312$87,782$78,273$69,710$45,865
12 years$99,744$88,239$77,904$68,656$60,409$37,982
13 years$91,127$79,742$69,602$60,613$52,678$31,618
14 years$83,748$72,484$62,538$53,805$46,177$26,432
15 years$77,358$66,215$56,463$47,985$40,658$22,173
16 years$71,772$60,751$51,192$42,965$35,934$18,654
17 years$66,849$55,950$46,583$38,604$31,861$15,730
18 years$62,477$51,700$42,524$34,790$28,330$13,291
19 years$58,570$47,915$38,929$31,436$25,251$11,248
20 years$55,059$44,525$35,727$28,471$22,555$9,532
21 years$51,886$41,473$32,862$25,839$20,184$8,088
22 years$49,005$38,714$30,287$23,494$18,092$6,869
23 years$46,378$36,208$27,965$21,396$16,240$5,839
24 years$43,974$33,925$25,863$19,515$14,597$4,966
25 years$41,766$31,837$23,954$17,822$13,135$4,227
26 years$39,731$29,921$22,216$16,295$11,832$3,599
27 years$37,850$28,159$20,630$14,916$10,667$3,066
28 years$36,106$26,534$19,178$13,666$9,625$2,613
29 years$34,486$25,032$17,847$12,532$8,691$2,227
30 years$32,976$23,640$16,624$11,501$7,853$1,899
31 years$31,567$22,348$15,498$10,563$7,100$1,620
32 years$30,248$21,146$14,460$9,708$6,423$1,382
33 years$29,012$20,025$13,501$8,927$5,812$1,179
34 years$27,851$18,979$12,615$8,214$5,262$1,006
35 years$26,759$18,002$11,794$7,561$4,766$858
36 years$25,729$17,086$11,033$6,964$4,319$733
37 years$24,758$16,228$10,327$6,416$3,914$625
38 years$23,840$15,422$9,670$5,914$3,549$534
39 years$22,971$14,665$9,060$5,453$3,218$456
40 years$22,148$13,953$8,492$5,029$2,919$389
41 years$21,367$13,282$7,963$4,640$2,648$332
42 years$20,625$12,649$7,469$4,282$2,403$284
43 years$19,919$12,052$7,009$3,953$2,181$242
44 years$19,248$11,488$6,579$3,650$1,979$207
45 years$18,608$10,955$6,178$3,371$1,797$177
46 years$17,998$10,451$5,802$3,114$1,631$151
47 years$17,415$9,973$5,451$2,877$1,481$129
48 years$16,858$9,521$5,122$2,658$1,345$110
49 years$16,326$9,092$4,815$2,457$1,222$94
50 years$15,817$8,685$4,527$2,271$1,110$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $16,200,000, adding $5,137 every year, while hoping to spend $41,865 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: 70/17/13 Blend
63$16,200,000$16,200,000$16,200,000$16,200,000
64$17,857,699$16,999,099$16,747,999$19,056,610
65$19,634,640$17,787,511$17,264,513$20,641,527
66$21,591,426$18,613,151$17,796,927$22,369,879
67$23,746,357$19,477,801$18,345,729$24,260,242
68$26,119,598$20,383,326$18,911,424$26,328,572
69$28,733,370$21,331,682$19,494,529$28,592,428
70$31,612,158$22,324,918$20,095,580$31,071,136
71$34,782,943$23,365,185$20,715,128$33,785,968
72$38,275,459$24,454,735$21,353,740$36,760,337
73$42,122,468$25,595,929$22,012,002$40,020,017
74$46,360,074$26,791,243$22,690,518$43,593,379
75$51,028,060$28,043,273$23,389,910$47,511,661
76$56,170,268$29,354,739$24,110,817$51,809,253
77$61,835,008$30,728,493$24,853,902$56,524,017
78$68,075,515$32,167,526$25,619,844$61,697,646
79$74,950,453$33,674,971$26,409,345$67,376,047
80$82,524,470$35,254,115$27,223,128$73,609,770
81$90,868,802$36,908,403$28,061,939$80,454,483
82$100,061,951$38,641,446$28,926,545$87,971,490
83$110,190,424$40,457,031$29,817,739$96,228,303
84$121,349,549$42,359,127$30,736,335$105,299,278
85$133,644,376$44,351,897$31,683,175$115,266,303
86$147,190,666$46,439,703$32,659,125$126,219,573
87$162,115,986$48,627,121$33,665,078$138,258,428
88$178,560,913$50,918,946$34,701,954$151,492,289
89$196,680,359$53,320,207$35,770,702$166,041,678
90$216,645,034$55,836,177$36,872,300$182,039,356
91$238,643,060$58,472,382$38,007,754$199,631,557
92$262,881,742$61,234,618$39,178,104$218,979,373
93$289,589,528$64,128,962$40,384,418$240,260,254
94$319,018,164$67,161,786$41,627,800$263,669,683
95$351,445,072$70,339,768$42,909,387$289,423,007
96$387,175,967$73,669,914$44,230,349$317,757,461
97$426,547,743$77,159,568$45,591,893$348,934,398
98$469,931,654$80,816,429$46,995,263$383,241,744
99$517,736,821$84,648,571$48,441,742$420,996,705
100$570,414,086$88,664,461$49,932,650$462,548,751