Can I retire at age 64 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,314,814
2 years$678,620$665,981$653,733$641,856$630,337$621,368
3 years$447,919$435,226$423,008$411,244$399,912$391,144
4 years$332,592$319,937$307,842$296,278$285,220$276,722
5 years$263,413$250,835$238,898$227,570$216,820$208,616
6 years$217,309$204,825$193,065$181,989$171,562$163,664
7 years$184,391$172,012$160,438$149,624$139,526$131,936
8 years$159,713$147,446$136,064$125,515$115,750$108,469
9 years$140,529$128,378$117,192$106,911$97,479$90,504
10 years$125,192$113,159$102,171$92,159$83,057$76,386
11 years$112,651$100,739$89,949$80,206$71,431$65,059
12 years$102,207$90,418$79,828$70,351$61,901$55,822
13 years$93,377$81,711$71,321$62,109$53,979$48,186
14 years$85,816$74,273$64,082$55,134$47,318$41,805
15 years$79,268$67,850$57,857$49,170$41,662$36,422
16 years$73,544$62,251$52,456$44,026$36,821$31,846
17 years$68,499$57,331$47,733$39,557$32,648$27,929
18 years$64,020$52,976$43,574$35,649$29,029$24,559
19 years$60,017$49,098$39,890$32,212$25,874$21,644
20 years$56,418$45,624$36,609$29,174$23,111$19,112
21 years$53,167$42,497$33,673$26,477$20,682$16,905
22 years$50,215$39,670$31,035$24,074$18,539$14,976
23 years$47,523$37,102$28,656$21,925$16,641$13,284
24 years$45,060$34,762$26,501$19,996$14,958$11,796
25 years$42,797$32,623$24,546$18,262$13,460$10,486
26 years$40,712$30,660$22,765$16,698$12,124$9,329
27 years$38,785$28,855$21,139$15,284$10,931$8,307
28 years$36,998$27,190$19,652$14,003$9,863$7,401
29 years$35,337$25,650$18,288$12,841$8,906$6,599
30 years$33,790$24,224$17,034$11,785$8,047$5,886
31 years$32,346$22,900$15,880$10,824$7,275$5,253
32 years$30,995$21,668$14,817$9,947$6,581$4,691
33 years$29,728$20,520$13,834$9,147$5,956$4,190
34 years$28,538$19,448$12,926$8,416$5,392$3,743
35 years$27,419$18,446$12,085$7,748$4,884$3,346
36 years$26,365$17,508$11,305$7,135$4,425$2,991
37 years$25,369$16,629$10,582$6,574$4,011$2,675
38 years$24,429$15,803$9,909$6,060$3,636$2,392
39 years$23,538$15,027$9,284$5,587$3,297$2,140
40 years$22,695$14,297$8,702$5,154$2,991$1,915
41 years$21,894$13,610$8,159$4,755$2,713$1,714
42 years$21,134$12,961$7,654$4,388$2,462$1,534
43 years$20,411$12,350$7,182$4,051$2,234$1,373
44 years$19,723$11,772$6,742$3,740$2,028$1,229
45 years$19,067$11,225$6,330$3,454$1,841$1,100
46 years$18,442$10,709$5,945$3,191$1,672$985
47 years$17,845$10,219$5,586$2,948$1,518$882
48 years$17,275$9,756$5,249$2,724$1,379$790
49 years$16,729$9,316$4,934$2,517$1,252$708
50 years$16,207$8,899$4,638$2,327$1,137$634

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $16,600,000, adding $5,408 every year, while hoping to spend $56,558 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: 35/45/20 Blend
63$16,600,000$16,600,000$16,600,000$16,600,000
64$18,298,778$17,418,978$17,161,678$18,827,427
65$20,105,076$18,212,331$17,676,417$20,009,253
66$22,093,721$19,042,662$18,206,504$21,277,922
67$24,283,253$19,911,725$18,752,394$22,645,627
68$26,694,100$20,821,354$19,314,554$24,121,209
69$29,348,772$21,773,475$19,893,466$25,714,361
70$32,272,076$22,770,104$20,489,626$27,435,702
71$35,491,342$23,813,354$21,103,544$29,296,879
72$39,036,691$24,905,440$21,735,744$31,310,662
73$42,941,310$26,048,683$22,386,768$33,491,060
74$47,241,771$27,245,516$23,057,172$35,853,442
75$51,978,373$28,498,487$23,747,529$38,414,672
76$57,195,523$29,810,270$24,458,427$41,193,263
77$62,942,157$31,183,663$25,190,475$44,209,536
78$69,272,197$32,621,603$25,944,295$47,485,804
79$76,245,064$34,127,164$26,720,532$51,046,570
80$83,926,237$35,703,572$27,519,847$54,918,749
81$92,387,871$37,354,205$28,342,920$59,131,906
82$101,709,479$39,082,606$29,190,453$63,718,528
83$111,978,679$40,892,487$30,063,166$68,714,309
84$123,292,025$42,787,739$30,961,803$74,158,482
85$135,755,915$44,772,442$31,887,126$80,094,168
86$149,487,597$46,850,870$32,839,924$86,568,770
87$164,616,274$49,027,505$33,821,004$93,634,406
88$181,284,327$51,307,046$34,831,200$101,348,380
89$199,648,652$53,694,415$35,871,369$109,773,710
90$219,882,149$56,194,775$36,942,394$118,979,703
91$242,175,346$58,813,537$38,045,182$129,042,587
92$266,738,203$61,556,372$39,180,668$140,046,215
93$293,802,092$64,429,227$40,349,813$152,082,833
94$323,621,981$67,438,335$41,553,607$165,253,928
95$356,478,839$70,590,229$42,793,069$179,671,167
96$392,682,290$73,891,760$44,069,246$195,457,422
97$432,573,536$77,350,108$45,383,217$212,747,905
98$476,528,574$80,972,801$46,736,093$231,691,425
99$524,961,751$84,767,730$48,129,014$252,451,755
100$578,329,671$88,743,171$49,563,158$275,209,156