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

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,293,564
2 years$670,444$657,958$645,856$634,123$622,742$608,450
3 years$442,523$429,982$417,912$406,289$395,093$381,146
4 years$328,585$316,083$304,133$292,708$281,784$268,290
5 years$260,239$247,813$236,019$224,828$214,208$201,207
6 years$214,691$202,358$190,739$179,797$169,495$157,004
7 years$182,169$169,940$158,505$147,821$137,845$125,867
8 years$157,789$145,670$134,425$124,003$114,356$102,891
9 years$138,836$126,832$115,780$105,623$96,304$85,349
10 years$123,683$111,796$100,940$91,048$82,056$71,603
11 years$111,293$99,525$88,866$79,239$70,571$60,611
12 years$100,976$89,329$78,866$69,503$61,155$51,678
13 years$92,252$80,727$70,462$61,361$53,328$44,323
14 years$84,782$73,379$63,310$54,470$46,747$38,200
15 years$78,313$67,033$57,160$48,577$41,160$33,059
16 years$72,658$61,501$51,824$43,496$36,377$28,708
17 years$67,674$56,640$47,158$39,081$32,255$25,003
18 years$63,249$52,338$43,049$35,219$28,679$21,830
19 years$59,294$48,506$39,409$31,824$25,563$19,101
20 years$55,738$45,075$36,168$28,823$22,833$16,744
21 years$52,526$41,985$33,268$26,158$20,433$14,701
22 years$49,610$39,192$30,661$23,784$18,315$12,926
23 years$46,951$36,655$28,310$21,660$16,441$11,378
24 years$44,517$34,343$26,182$19,756$14,777$10,027
25 years$42,282$32,230$24,250$18,042$13,297$8,844
26 years$40,222$30,291$22,491$16,497$11,978$7,807
27 years$38,317$28,507$20,885$15,100$10,799$6,896
28 years$36,552$26,862$19,415$13,835$9,744$6,096
29 years$34,912$25,341$18,067$12,687$8,799$5,391
30 years$33,383$23,932$16,829$11,643$7,950$4,770
31 years$31,956$22,624$15,689$10,693$7,188$4,223
32 years$30,621$21,407$14,638$9,827$6,502$3,739
33 years$29,370$20,273$13,668$9,037$5,884$3,312
34 years$28,195$19,214$12,770$8,315$5,327$2,935
35 years$27,089$18,224$11,939$7,654$4,825$2,601
36 years$26,047$17,297$11,169$7,049$4,372$2,306
37 years$25,064$16,428$10,454$6,495$3,962$2,045
38 years$24,134$15,613$9,790$5,987$3,592$1,813
39 years$23,255$14,846$9,172$5,520$3,258$1,609
40 years$22,421$14,125$8,597$5,091$2,955$1,427
41 years$21,631$13,446$8,061$4,698$2,681$1,266
42 years$20,880$12,805$7,562$4,335$2,432$1,123
43 years$20,165$12,201$7,096$4,002$2,208$997
44 years$19,486$11,630$6,660$3,695$2,004$885
45 years$18,838$11,090$6,254$3,413$1,819$785
46 years$18,220$10,580$5,874$3,152$1,652$697
47 years$17,630$10,096$5,518$2,912$1,500$619
48 years$17,067$9,638$5,186$2,691$1,362$549
49 years$16,528$9,204$4,874$2,487$1,237$488
50 years$16,012$8,792$4,582$2,299$1,124$433

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 $6,916 every year, while hoping to spend $25,664 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: 55/23/22 Blend
63$16,400,000$16,400,000$16,400,000$16,400,000
64$18,079,934$17,210,734$16,956,534$18,965,556
65$19,896,781$18,026,754$17,497,271$20,389,149
66$21,898,086$18,881,898$18,055,264$21,935,396
67$24,102,637$19,778,057$18,631,061$23,618,776
68$26,531,137$20,717,213$19,225,233$25,452,445
69$29,206,400$21,701,444$19,838,365$27,450,866
70$32,153,566$22,732,928$20,471,064$29,629,939
71$35,400,339$23,813,950$21,123,953$32,007,149
72$38,977,247$24,946,907$21,797,679$34,601,723
73$42,917,930$26,134,309$22,492,905$37,434,810
74$47,259,461$27,378,792$23,210,319$40,529,668
75$52,042,690$28,683,118$23,950,630$43,911,888
76$57,312,636$30,050,182$24,714,567$47,609,618
77$63,118,907$31,483,023$25,502,887$51,653,831
78$69,516,170$32,984,825$26,316,368$56,078,606
79$76,564,666$34,558,928$27,155,813$60,921,444
80$84,330,780$36,208,834$28,022,052$66,223,615
81$92,887,669$37,938,216$28,915,939$72,030,539
82$102,315,948$39,750,925$29,838,360$78,392,207
83$112,704,453$41,651,000$30,790,224$85,363,646
84$124,151,083$43,642,675$31,772,472$93,005,426
85$136,763,719$45,730,391$32,786,075$101,384,227
86$150,661,244$47,918,806$33,832,035$110,573,455
87$165,974,667$50,212,804$34,911,384$120,653,928
88$182,848,358$52,617,505$36,025,190$131,714,628
89$201,441,409$55,138,282$37,174,553$143,853,526
90$221,929,141$57,780,766$38,360,608$157,178,501
91$244,504,755$60,550,865$39,584,529$171,808,344
92$269,381,154$63,454,771$40,847,525$187,873,867
93$296,792,958$66,498,982$42,150,844$205,519,122
94$326,998,717$69,690,309$43,495,775$224,902,754
95$360,283,349$73,035,897$44,883,646$246,199,478
96$396,960,832$76,543,238$46,315,830$269,601,716
97$437,377,169$80,220,188$47,793,742$295,321,396
98$481,913,652$84,074,989$49,318,844$323,591,942
99$530,990,463$88,116,282$50,892,643$354,670,453
100$585,070,639$92,353,128$52,516,696$388,840,117