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

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,284,608
2 years$666,356$653,946$641,918$630,257$618,945$603,669
3 years$439,824$427,361$415,363$403,811$392,684$377,783
4 years$326,581$314,155$302,278$290,923$280,066$265,655
5 years$258,653$246,302$234,580$223,457$212,901$199,022
6 years$213,382$201,124$189,576$178,700$168,462$155,131
7 years$181,058$168,903$157,538$146,919$137,004$124,228
8 years$156,827$144,781$133,605$123,247$113,658$101,435
9 years$137,990$126,058$115,074$104,979$95,717$84,042
10 years$122,929$111,114$100,324$90,493$81,556$70,421
11 years$110,615$98,918$88,324$78,756$70,140$59,536
12 years$100,360$88,784$78,385$69,080$60,782$50,697
13 years$91,690$80,235$70,032$60,987$53,003$43,425
14 years$84,265$72,931$62,924$54,137$46,462$37,377
15 years$77,835$66,624$56,812$48,281$40,909$32,303
16 years$72,215$61,126$51,508$43,230$36,156$28,013
17 years$67,261$56,295$46,870$38,842$32,058$24,363
18 years$62,863$52,019$42,787$35,005$28,505$21,241
19 years$58,932$48,211$39,169$31,630$25,407$18,559
20 years$55,399$44,800$35,948$28,647$22,694$16,245
21 years$52,206$41,729$33,065$25,999$20,308$14,242
22 years$49,307$38,953$30,474$23,639$18,204$12,503
23 years$46,665$36,432$28,138$21,528$16,341$10,989
24 years$44,246$34,134$26,023$19,635$14,687$9,669
25 years$42,024$32,033$24,102$17,932$13,216$8,515
26 years$39,976$30,106$22,353$16,396$11,905$7,505
27 years$38,084$28,333$20,757$15,008$10,733$6,619
28 years$36,329$26,698$19,296$13,750$9,685$5,841
29 years$34,699$25,187$17,957$12,609$8,745$5,157
30 years$33,180$23,786$16,726$11,572$7,902$4,556
31 years$31,762$22,486$15,593$10,628$7,144$4,026
32 years$30,435$21,276$14,549$9,768$6,462$3,560
33 years$29,191$20,149$13,584$8,982$5,848$3,148
34 years$28,023$19,097$12,692$8,264$5,295$2,785
35 years$26,924$18,113$11,867$7,608$4,796$2,464
36 years$25,888$17,192$11,101$7,007$4,345$2,181
37 years$24,911$16,328$10,390$6,456$3,938$1,930
38 years$23,987$15,518$9,730$5,950$3,570$1,709
39 years$23,113$14,756$9,116$5,486$3,238$1,513
40 years$22,285$14,039$8,544$5,060$2,937$1,340
41 years$21,499$13,364$8,012$4,669$2,664$1,187
42 years$20,752$12,727$7,515$4,309$2,418$1,051
43 years$20,042$12,126$7,052$3,978$2,194$931
44 years$19,367$11,559$6,620$3,673$1,992$825
45 years$18,723$11,023$6,216$3,392$1,808$731
46 years$18,109$10,515$5,838$3,133$1,642$648
47 years$17,523$10,035$5,485$2,895$1,491$574
48 years$16,963$9,579$5,154$2,675$1,354$509
49 years$16,427$9,148$4,845$2,472$1,229$451
50 years$15,914$8,738$4,555$2,285$1,117$400

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 $2,058 every year, while hoping to spend $27,627 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: 70/16/14 Blend
63$16,300,000$16,300,000$16,300,000$16,300,000
64$17,964,723$17,100,823$16,848,173$19,165,773
65$19,767,730$17,909,368$17,383,192$20,772,376
66$21,753,717$18,756,606$17,935,208$22,526,516
67$23,941,320$19,644,404$18,504,761$24,445,530
68$26,351,074$20,574,719$19,092,410$26,545,668
69$29,005,606$21,549,603$19,698,728$28,844,812
70$31,929,852$22,571,208$20,324,310$31,362,645
71$35,151,290$23,641,790$20,969,767$34,120,831
72$38,700,200$24,763,715$21,635,732$37,143,216
73$42,609,948$25,939,465$22,322,857$40,456,049
74$46,917,303$27,171,639$23,031,813$44,088,230
75$51,662,784$28,462,966$23,763,295$48,071,571
76$56,891,042$29,816,306$24,518,020$52,441,101
77$62,651,280$31,234,656$25,296,725$57,235,385
78$68,997,719$32,721,162$26,100,173$62,496,887
79$75,990,109$34,279,122$26,929,152$68,272,365
80$83,694,293$35,911,992$27,784,471$74,613,310
81$92,182,829$37,623,398$28,666,970$81,576,422
82$101,535,676$39,417,142$29,577,511$89,224,143
83$111,840,943$41,297,211$30,516,986$97,625,242
84$123,195,730$43,267,785$31,486,316$106,855,454
85$135,707,037$45,333,248$32,486,449$116,998,192
86$149,492,774$47,498,197$33,518,365$128,145,328
87$164,682,881$49,767,453$34,583,074$140,398,050
88$181,420,547$52,146,070$35,681,619$153,867,815
89$199,863,565$54,639,350$36,815,076$168,677,389
90$220,185,822$57,252,851$37,984,554$184,962,004
91$242,578,938$59,992,403$39,191,200$202,870,618
92$267,254,079$62,864,120$40,436,193$222,567,323
93$294,443,944$65,874,412$41,720,756$244,232,875
94$324,404,970$69,030,001$43,046,144$268,066,400
95$357,419,744$72,337,938$44,413,657$294,287,257
96$393,799,677$75,805,616$45,824,633$323,137,104
97$433,887,941$79,440,788$47,280,456$354,882,164
98$478,062,710$83,251,586$48,782,550$389,815,734
99$526,740,729$87,246,536$50,332,388$428,260,932
100$580,381,248$91,434,581$51,931,488$470,573,747