Can I retire at age 64 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,285,142
2 years$666,356$653,946$641,918$630,257$618,945$604,204
3 years$439,824$427,361$415,363$403,811$392,684$378,302
4 years$326,581$314,155$302,278$290,923$280,066$266,154
5 years$258,653$246,302$234,580$223,457$212,901$199,501
6 years$213,382$201,124$189,576$178,700$168,462$155,588
7 years$181,058$168,903$157,538$146,919$137,004$124,663
8 years$156,827$144,781$133,605$123,247$113,658$101,849
9 years$137,990$126,058$115,074$104,979$95,717$84,434
10 years$122,929$111,114$100,324$90,493$81,556$70,792
11 years$110,615$98,918$88,324$78,756$70,140$59,888
12 years$100,360$88,784$78,385$69,080$60,782$51,029
13 years$91,690$80,235$70,032$60,987$53,003$43,738
14 years$84,265$72,931$62,924$54,137$46,462$37,671
15 years$77,835$66,624$56,812$48,281$40,909$32,579
16 years$72,215$61,126$51,508$43,230$36,156$28,272
17 years$67,261$56,295$46,870$38,842$32,058$24,605
18 years$62,863$52,019$42,787$35,005$28,505$21,468
19 years$58,932$48,211$39,169$31,630$25,407$18,771
20 years$55,399$44,800$35,948$28,647$22,694$16,442
21 years$52,206$41,729$33,065$25,999$20,308$14,426
22 years$49,307$38,953$30,474$23,639$18,204$12,674
23 years$46,665$36,432$28,138$21,528$16,341$11,148
24 years$44,246$34,134$26,023$19,635$14,687$9,816
25 years$42,024$32,033$24,102$17,932$13,216$8,651
26 years$39,976$30,106$22,353$16,396$11,905$7,631
27 years$38,084$28,333$20,757$15,008$10,733$6,736
28 years$36,329$26,698$19,296$13,750$9,685$5,949
29 years$34,699$25,187$17,957$12,609$8,745$5,257
30 years$33,180$23,786$16,726$11,572$7,902$4,648
31 years$31,762$22,486$15,593$10,628$7,144$4,111
32 years$30,435$21,276$14,549$9,768$6,462$3,637
33 years$29,191$20,149$13,584$8,982$5,848$3,219
34 years$28,023$19,097$12,692$8,264$5,295$2,850
35 years$26,924$18,113$11,867$7,608$4,796$2,524
36 years$25,888$17,192$11,101$7,007$4,345$2,236
37 years$24,911$16,328$10,390$6,456$3,938$1,981
38 years$23,987$15,518$9,730$5,950$3,570$1,755
39 years$23,113$14,756$9,116$5,486$3,238$1,555
40 years$22,285$14,039$8,544$5,060$2,937$1,379
41 years$21,499$13,364$8,012$4,669$2,664$1,222
42 years$20,752$12,727$7,515$4,309$2,418$1,083
43 years$20,042$12,126$7,052$3,978$2,194$961
44 years$19,367$11,559$6,620$3,673$1,992$852
45 years$18,723$11,023$6,216$3,392$1,808$755
46 years$18,109$10,515$5,838$3,133$1,642$670
47 years$17,523$10,035$5,485$2,895$1,491$594
48 years$16,963$9,579$5,154$2,675$1,354$527
49 years$16,427$9,148$4,845$2,472$1,229$467
50 years$15,914$8,738$4,555$2,285$1,117$415

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $16,300,000, adding $6,998 every year, while hoping to spend $31,740 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: 33/38/29 Blend
63$16,300,000$16,300,000$16,300,000$16,300,000
64$17,969,818$17,105,918$16,853,268$18,404,395
65$19,768,969$17,910,337$17,384,082$19,540,966
66$21,750,569$18,753,109$17,931,614$20,761,709
67$23,933,195$19,636,079$18,496,391$22,076,753
68$26,337,316$20,561,183$19,078,956$23,494,474
69$28,985,491$21,530,449$19,679,869$25,024,053
70$31,902,575$22,546,005$20,299,709$26,675,551
71$35,115,960$23,610,082$20,939,071$28,459,996
72$38,655,828$24,725,016$21,598,570$30,389,481
73$42,555,441$25,893,261$22,278,841$32,477,269
74$46,851,452$27,117,386$22,980,538$34,737,911
75$51,584,249$28,400,087$23,704,335$37,187,370
76$56,798,341$29,744,190$24,450,929$39,843,169
77$62,542,774$31,152,657$25,221,037$42,724,538
78$68,871,596$32,628,596$26,015,401$45,852,595
79$75,844,365$34,175,264$26,834,783$49,250,525
80$83,526,715$35,796,077$27,679,973$52,943,794
81$91,990,971$37,494,615$28,551,783$56,960,376
82$101,316,833$39,274,635$29,451,051$61,331,003
83$111,592,131$41,140,073$30,378,642$66,089,444
84$122,913,651$43,095,058$31,335,449$71,272,808
85$135,388,047$45,143,921$32,322,390$76,921,885
86$149,132,854$47,291,199$33,340,417$83,081,510
87$164,277,591$49,541,653$34,390,506$89,800,976
88$180,964,987$51,900,276$35,473,670$97,134,479
89$199,352,326$54,372,299$36,590,948$105,141,616
90$219,612,934$56,963,213$37,743,416$113,887,929
91$241,937,814$59,678,772$38,932,181$123,445,505
92$266,537,450$62,525,010$40,158,388$133,893,636
93$293,643,790$65,508,256$41,423,214$145,319,550
94$323,512,443$68,635,146$42,727,878$157,819,209
95$356,425,083$71,912,639$44,073,632$171,498,199
96$392,692,114$75,348,032$45,461,772$186,472,698
97$432,655,601$78,948,976$46,893,633$202,870,550
98$476,692,494$82,723,497$48,370,591$220,832,451
99$525,218,189$86,680,010$49,894,066$240,513,242
100$578,690,451$90,827,337$51,465,525$262,083,351