Can I retire at age 64 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,275,627
2 years$670,444$657,958$645,856$634,123$622,742$590,568
3 years$442,523$429,982$417,912$406,289$395,093$363,883
4 years$328,585$316,083$304,133$292,708$281,784$251,777
5 years$260,239$247,813$236,019$224,828$214,208$185,488
6 years$214,691$202,358$190,739$179,797$169,495$142,092
7 years$182,169$169,940$158,505$147,821$137,845$111,761
8 years$157,789$145,670$134,425$124,003$114,356$89,580
9 years$138,836$126,832$115,780$105,623$96,304$72,816
10 years$123,683$111,796$100,940$91,048$82,056$59,828
11 years$111,293$99,525$88,866$79,239$70,571$49,572
12 years$100,976$89,329$78,866$69,503$61,155$41,349
13 years$92,252$80,727$70,462$61,361$53,328$34,677
14 years$84,782$73,379$63,310$54,470$46,747$29,209
15 years$78,313$67,033$57,160$48,577$41,160$24,693
16 years$72,658$61,501$51,824$43,496$36,377$20,938
17 years$67,674$56,640$47,158$39,081$32,255$17,798
18 years$63,249$52,338$43,049$35,219$28,679$15,161
19 years$59,294$48,506$39,409$31,824$25,563$12,937
20 years$55,738$45,075$36,168$28,823$22,833$11,056
21 years$52,526$41,985$33,268$26,158$20,433$9,460
22 years$49,610$39,192$30,661$23,784$18,315$8,104
23 years$46,951$36,655$28,310$21,660$16,441$6,948
24 years$44,517$34,343$26,182$19,756$14,777$5,961
25 years$42,282$32,230$24,250$18,042$13,297$5,119
26 years$40,222$30,291$22,491$16,497$11,978$4,397
27 years$38,317$28,507$20,885$15,100$10,799$3,780
28 years$36,552$26,862$19,415$13,835$9,744$3,250
29 years$34,912$25,341$18,067$12,687$8,799$2,796
30 years$33,383$23,932$16,829$11,643$7,950$2,405
31 years$31,956$22,624$15,689$10,693$7,188$2,070
32 years$30,621$21,407$14,638$9,827$6,502$1,782
33 years$29,370$20,273$13,668$9,037$5,884$1,535
34 years$28,195$19,214$12,770$8,315$5,327$1,322
35 years$27,089$18,224$11,939$7,654$4,825$1,138
36 years$26,047$17,297$11,169$7,049$4,372$980
37 years$25,064$16,428$10,454$6,495$3,962$845
38 years$24,134$15,613$9,790$5,987$3,592$728
39 years$23,255$14,846$9,172$5,520$3,258$627
40 years$22,421$14,125$8,597$5,091$2,955$540
41 years$21,631$13,446$8,061$4,698$2,681$466
42 years$20,880$12,805$7,562$4,335$2,432$401
43 years$20,165$12,201$7,096$4,002$2,208$346
44 years$19,486$11,630$6,660$3,695$2,004$298
45 years$18,838$11,090$6,254$3,413$1,819$257
46 years$18,220$10,580$5,874$3,152$1,652$221
47 years$17,630$10,096$5,518$2,912$1,500$191
48 years$17,067$9,638$5,186$2,691$1,362$165
49 years$16,528$9,204$4,874$2,487$1,237$142
50 years$16,012$8,792$4,582$2,299$1,124$122

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $16,400,000, adding $6,340 every year, while hoping to spend $54,177 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: 30/45/25 Blend
63$16,400,000$16,400,000$16,400,000$16,400,000
64$18,079,340$17,210,140$16,955,940$18,481,668
65$19,865,788$17,995,793$17,466,320$19,578,922
66$21,832,639$18,818,127$17,991,982$20,753,274
67$23,998,236$19,678,882$18,533,381$22,015,538
68$26,382,791$20,579,883$19,090,984$23,373,378
69$29,008,578$21,523,040$19,665,275$24,835,185
70$31,900,140$22,510,356$20,256,748$26,410,145
71$35,084,521$23,543,930$20,865,916$28,108,323
72$38,591,522$24,625,961$21,493,303$29,940,745
73$42,453,980$25,758,757$22,139,452$31,919,496
74$46,708,082$26,944,732$22,804,920$34,057,824
75$51,393,702$28,186,420$23,490,281$36,370,256
76$56,554,780$29,486,474$24,196,125$38,872,722
77$62,239,733$30,847,677$24,923,061$41,582,701
78$68,501,917$32,272,945$25,671,715$44,519,371
79$75,400,127$33,765,333$26,442,731$47,703,778
80$82,999,150$35,328,045$27,236,773$51,159,025
81$91,370,383$36,964,438$28,054,525$54,910,477
82$100,592,499$38,678,033$28,896,688$58,985,987
83$110,752,194$40,472,517$29,763,988$63,416,145
84$121,945,005$42,351,757$30,657,168$68,234,553
85$134,276,210$44,319,808$31,576,998$73,478,128
86$147,861,821$46,380,916$32,524,265$79,187,433
87$162,829,682$48,539,536$33,499,782$85,407,046
88$179,320,672$50,800,335$34,504,388$92,185,962
89$197,490,037$53,168,209$35,538,942$99,578,038
90$217,508,856$55,648,286$36,604,331$107,642,483
91$239,565,651$58,245,943$37,701,468$116,444,397
92$263,868,172$60,966,820$38,831,292$126,055,367
93$290,645,356$63,816,824$39,994,770$136,554,118
94$320,149,485$66,802,151$41,192,898$148,027,237
95$352,658,572$69,929,296$42,426,699$160,569,966
96$388,478,981$73,205,067$43,697,229$174,287,075
97$427,948,324$76,636,601$45,005,572$189,293,828
98$471,438,640$80,231,382$46,352,847$205,717,044
99$519,359,916$83,997,254$47,740,202$223,696,264
100$572,163,950$87,942,442$49,168,821$243,385,041