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

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,285,286
2 years$662,268$649,934$637,980$626,390$615,148$608,564
3 years$437,126$424,739$412,815$401,334$390,275$383,834
4 years$324,577$312,228$300,424$289,139$278,348$272,100
5 years$257,066$244,791$233,141$222,086$211,595$205,560
6 years$212,073$199,890$188,413$177,604$167,428$161,612
7 years$179,948$167,867$156,572$146,018$136,164$130,570
8 years$155,865$143,893$132,785$122,491$112,961$107,590
9 years$137,143$125,285$114,368$104,335$95,130$89,980
10 years$122,175$110,433$99,709$89,938$81,055$76,125
11 years$109,936$98,312$87,782$78,273$69,710$64,996
12 years$99,744$88,239$77,904$68,656$60,409$55,907
13 years$91,127$79,742$69,602$60,613$52,678$48,384
14 years$83,748$72,484$62,538$53,805$46,177$42,086
15 years$77,358$66,215$56,463$47,985$40,658$36,764
16 years$71,772$60,751$51,192$42,965$35,934$32,232
17 years$66,849$55,950$46,583$38,604$31,861$28,347
18 years$62,477$51,700$42,524$34,790$28,330$24,996
19 years$58,570$47,915$38,929$31,436$25,251$22,092
20 years$55,059$44,525$35,727$28,471$22,555$19,564
21 years$51,886$41,473$32,862$25,839$20,184$17,356
22 years$49,005$38,714$30,287$23,494$18,092$15,421
23 years$46,378$36,208$27,965$21,396$16,240$13,720
24 years$43,974$33,925$25,863$19,515$14,597$12,221
25 years$41,766$31,837$23,954$17,822$13,135$10,897
26 years$39,731$29,921$22,216$16,295$11,832$9,725
27 years$37,850$28,159$20,630$14,916$10,667$8,686
28 years$36,106$26,534$19,178$13,666$9,625$7,764
29 years$34,486$25,032$17,847$12,532$8,691$6,944
30 years$32,976$23,640$16,624$11,501$7,853$6,215
31 years$31,567$22,348$15,498$10,563$7,100$5,565
32 years$30,248$21,146$14,460$9,708$6,423$4,985
33 years$29,012$20,025$13,501$8,927$5,812$4,467
34 years$27,851$18,979$12,615$8,214$5,262$4,005
35 years$26,759$18,002$11,794$7,561$4,766$3,591
36 years$25,729$17,086$11,033$6,964$4,319$3,221
37 years$24,758$16,228$10,327$6,416$3,914$2,891
38 years$23,840$15,422$9,670$5,914$3,549$2,594
39 years$22,971$14,665$9,060$5,453$3,218$2,329
40 years$22,148$13,953$8,492$5,029$2,919$2,091
41 years$21,367$13,282$7,963$4,640$2,648$1,877
42 years$20,625$12,649$7,469$4,282$2,403$1,686
43 years$19,919$12,052$7,009$3,953$2,181$1,514
44 years$19,248$11,488$6,579$3,650$1,979$1,360
45 years$18,608$10,955$6,178$3,371$1,797$1,222
46 years$17,998$10,451$5,802$3,114$1,631$1,098
47 years$17,415$9,973$5,451$2,877$1,481$987
48 years$16,858$9,521$5,122$2,658$1,345$887
49 years$16,326$9,092$4,815$2,457$1,222$797
50 years$15,817$8,685$4,527$2,271$1,110$716

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 $4,187 every year, while hoping to spend $51,875 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: 64/21/15 Blend
63$16,200,000$16,200,000$16,200,000$16,200,000
64$17,856,719$16,998,119$16,747,019$18,934,361
65$19,622,910$17,775,832$17,252,849$20,434,555
66$21,567,513$18,589,915$17,773,887$22,066,293
67$23,708,673$19,442,094$18,310,585$23,847,483
68$26,066,381$20,334,180$18,863,413$25,792,697
69$28,662,667$21,268,070$19,432,853$27,917,963
70$31,521,806$22,245,753$20,019,401$30,240,919
71$34,670,547$23,269,311$20,623,567$32,780,967
72$38,138,366$24,340,930$21,245,879$35,559,460
73$41,957,741$25,462,898$21,886,879$38,599,892
74$46,164,465$26,637,614$22,547,123$41,928,123
75$50,797,976$27,867,593$23,227,188$45,572,610
76$55,901,735$29,155,470$23,927,663$49,564,677
77$61,523,631$30,504,007$24,649,160$53,938,804
78$67,716,438$31,916,101$25,392,303$58,732,947
79$74,538,310$33,394,784$26,157,740$63,988,887
80$82,053,329$34,943,240$26,946,135$69,752,626
81$90,332,110$36,564,801$27,758,173$76,074,808
82$99,452,472$38,262,963$28,594,559$83,011,196
83$109,500,166$40,041,389$29,456,018$90,623,188
84$120,569,685$41,903,920$30,343,297$98,978,390
85$132,765,161$43,854,580$31,257,165$108,151,252
86$146,201,343$45,897,590$32,198,416$118,223,755
87$161,004,681$48,037,372$33,167,864$129,286,183
88$177,314,519$50,278,565$34,166,348$141,437,965
89$195,284,413$52,626,027$35,194,734$154,788,606
90$215,083,576$55,084,855$36,253,910$169,458,709
91$236,898,479$57,660,391$37,344,794$185,581,107
92$260,934,607$60,358,234$38,468,328$203,302,105
93$287,418,404$63,184,254$39,625,484$222,782,853
94$316,599,405$66,144,606$40,817,261$244,200,854
95$348,752,594$69,245,742$42,044,689$267,751,631
96$384,181,000$72,494,425$43,308,828$293,650,558
97$423,218,556$75,897,745$44,610,768$322,134,883
98$466,233,252$79,463,139$45,951,632$353,465,954
99$513,630,609$83,198,398$47,332,577$387,931,673
100$565,857,506$87,111,694$48,754,793$425,849,200