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%11.7%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,298,429
2 years$670,444$657,958$645,856$634,123$622,742$613,335
3 years$442,523$429,982$417,912$406,289$395,093$385,899
4 years$328,585$316,083$304,133$292,708$281,784$272,873
5 years$260,239$247,813$236,019$224,828$214,208$205,608
6 years$214,691$202,358$190,739$179,797$169,495$161,216
7 years$182,169$169,940$158,505$147,821$137,845$129,891
8 years$157,789$145,670$134,425$124,003$114,356$106,728
9 years$138,836$126,832$115,780$105,623$96,304$88,999
10 years$123,683$111,796$100,940$91,048$82,056$75,070
11 years$111,293$99,525$88,866$79,239$70,571$63,900
12 years$100,976$89,329$78,866$69,503$61,155$54,792
13 years$92,252$80,727$70,462$61,361$53,328$47,267
14 years$84,782$73,379$63,310$54,470$46,747$40,981
15 years$78,313$67,033$57,160$48,577$41,160$35,680
16 years$72,658$61,501$51,824$43,496$36,377$31,176
17 years$67,674$56,640$47,158$39,081$32,255$27,323
18 years$63,249$52,338$43,049$35,219$28,679$24,009
19 years$59,294$48,506$39,409$31,824$25,563$21,144
20 years$55,738$45,075$36,168$28,823$22,833$18,657
21 years$52,526$41,985$33,268$26,158$20,433$16,491
22 years$49,610$39,192$30,661$23,784$18,315$14,598
23 years$46,951$36,655$28,310$21,660$16,441$12,938
24 years$44,517$34,343$26,182$19,756$14,777$11,481
25 years$42,282$32,230$24,250$18,042$13,297$10,197
26 years$40,222$30,291$22,491$16,497$11,978$9,066
27 years$38,317$28,507$20,885$15,100$10,799$8,066
28 years$36,552$26,862$19,415$13,835$9,744$7,181
29 years$34,912$25,341$18,067$12,687$8,799$6,397
30 years$33,383$23,932$16,829$11,643$7,950$5,702
31 years$31,956$22,624$15,689$10,693$7,188$5,085
32 years$30,621$21,407$14,638$9,827$6,502$4,536
33 years$29,370$20,273$13,668$9,037$5,884$4,048
34 years$28,195$19,214$12,770$8,315$5,327$3,614
35 years$27,089$18,224$11,939$7,654$4,825$3,228
36 years$26,047$17,297$11,169$7,049$4,372$2,883
37 years$25,064$16,428$10,454$6,495$3,962$2,576
38 years$24,134$15,613$9,790$5,987$3,592$2,302
39 years$23,255$14,846$9,172$5,520$3,258$2,058
40 years$22,421$14,125$8,597$5,091$2,955$1,840
41 years$21,631$13,446$8,061$4,698$2,681$1,645
42 years$20,880$12,805$7,562$4,335$2,432$1,471
43 years$20,165$12,201$7,096$4,002$2,208$1,315
44 years$19,486$11,630$6,660$3,695$2,004$1,177
45 years$18,838$11,090$6,254$3,413$1,819$1,052
46 years$18,220$10,580$5,874$3,152$1,652$942
47 years$17,630$10,096$5,518$2,912$1,500$842
48 years$17,067$9,638$5,186$2,691$1,362$754
49 years$16,528$9,204$4,874$2,487$1,237$674
50 years$16,012$8,792$4,582$2,299$1,124$603

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 $3,967 every year, while hoping to spend $30,939 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: 49/32/19 Blend
63$16,400,000$16,400,000$16,400,000$16,400,000
64$18,076,892$17,207,692$16,953,492$18,866,216
65$19,887,816$18,017,950$17,488,515$20,223,792
66$21,882,418$18,866,874$18,040,425$21,694,254
67$24,079,399$19,756,325$18,609,753$23,291,024
68$26,499,369$20,688,256$19,197,051$25,025,994
69$29,165,038$21,664,714$19,802,886$26,912,226
70$32,101,431$22,687,845$20,427,842$28,964,068
71$35,336,125$23,759,897$21,072,523$31,197,285
72$38,899,509$24,883,232$21,737,552$33,629,200
73$42,825,070$26,060,321$22,423,571$36,278,853
74$47,149,710$27,293,759$23,131,243$39,167,170
75$51,914,091$28,586,265$23,861,251$42,317,156
76$57,163,026$29,940,689$24,614,300$45,754,103
77$62,945,893$31,360,021$25,391,118$49,505,822
78$69,317,109$32,847,397$26,192,454$53,602,896
79$76,336,636$34,406,101$27,019,084$58,078,959
80$84,070,555$36,039,582$27,871,805$62,971,007
81$92,591,682$37,751,452$28,751,441$68,319,735
82$101,980,260$39,545,501$29,658,842$74,169,910
83$112,324,718$41,425,701$30,594,883$80,570,788
84$123,722,497$43,396,218$31,560,470$87,576,562
85$136,280,981$45,461,422$32,556,535$95,246,867
86$150,118,502$47,625,892$33,584,040$103,647,326
87$165,365,461$49,894,433$34,643,977$112,850,160
88$182,165,558$52,272,081$35,737,371$122,934,858
89$200,677,149$54,764,117$36,865,277$133,988,907
90$221,074,740$57,376,080$38,028,785$146,108,611
91$243,550,634$60,113,778$39,229,019$159,399,981
92$268,316,746$62,983,301$40,467,139$173,979,718
93$295,606,605$65,991,034$41,744,340$189,976,303
94$325,677,560$69,143,675$43,061,856$207,531,187
95$358,813,202$72,448,247$44,420,960$226,800,114
96$395,326,052$75,912,114$45,822,964$247,954,567
97$435,560,499$79,542,998$47,269,224$271,183,369
98$479,896,063$83,348,997$48,761,136$296,694,446
99$528,750,969$87,338,605$50,300,141$324,716,764
100$582,586,098$91,520,728$51,887,726$355,502,473