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

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,298,043
2 years$678,620$665,981$653,733$641,856$630,337$604,584
3 years$447,919$435,226$423,008$411,244$399,912$374,874
4 years$332,592$319,937$307,842$296,278$285,220$261,091
5 years$263,413$250,835$238,898$227,570$216,820$193,667
6 years$217,309$204,825$193,065$181,989$171,562$149,412
7 years$184,391$172,012$160,438$149,624$139,526$118,383
8 years$159,713$147,446$136,064$125,515$115,750$95,609
9 years$140,529$128,378$117,192$106,911$97,479$78,326
10 years$125,192$113,159$102,171$92,159$83,057$64,875
11 years$112,651$100,739$89,949$80,206$71,431$54,199
12 years$102,207$90,418$79,828$70,351$61,901$45,593
13 years$93,377$81,711$71,321$62,109$53,979$38,568
14 years$85,816$74,273$64,082$55,134$47,318$32,776
15 years$79,268$67,850$57,857$49,170$41,662$27,960
16 years$73,544$62,251$52,456$44,026$36,821$23,928
17 years$68,499$57,331$47,733$39,557$32,648$20,531
18 years$64,020$52,976$43,574$35,649$29,029$17,656
19 years$60,017$49,098$39,890$32,212$25,874$15,213
20 years$56,418$45,624$36,609$29,174$23,111$13,129
21 years$53,167$42,497$33,673$26,477$20,682$11,346
22 years$50,215$39,670$31,035$24,074$18,539$9,817
23 years$47,523$37,102$28,656$21,925$16,641$8,503
24 years$45,060$34,762$26,501$19,996$14,958$7,371
25 years$42,797$32,623$24,546$18,262$13,460$6,395
26 years$40,712$30,660$22,765$16,698$12,124$5,552
27 years$38,785$28,855$21,139$15,284$10,931$4,822
28 years$36,998$27,190$19,652$14,003$9,863$4,190
29 years$35,337$25,650$18,288$12,841$8,906$3,643
30 years$33,790$24,224$17,034$11,785$8,047$3,169
31 years$32,346$22,900$15,880$10,824$7,275$2,757
32 years$30,995$21,668$14,817$9,947$6,581$2,399
33 years$29,728$20,520$13,834$9,147$5,956$2,088
34 years$28,538$19,448$12,926$8,416$5,392$1,818
35 years$27,419$18,446$12,085$7,748$4,884$1,583
36 years$26,365$17,508$11,305$7,135$4,425$1,379
37 years$25,369$16,629$10,582$6,574$4,011$1,201
38 years$24,429$15,803$9,909$6,060$3,636$1,046
39 years$23,538$15,027$9,284$5,587$3,297$911
40 years$22,695$14,297$8,702$5,154$2,991$794
41 years$21,894$13,610$8,159$4,755$2,713$692
42 years$21,134$12,961$7,654$4,388$2,462$603
43 years$20,411$12,350$7,182$4,051$2,234$526
44 years$19,723$11,772$6,742$3,740$2,028$458
45 years$19,067$11,225$6,330$3,454$1,841$399
46 years$18,442$10,709$5,945$3,191$1,672$348
47 years$17,845$10,219$5,586$2,948$1,518$303
48 years$17,275$9,756$5,249$2,724$1,379$264
49 years$16,729$9,316$4,934$2,517$1,252$230
50 years$16,207$8,899$4,638$2,327$1,137$201

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 $5,870 every year, while hoping to spend $52,853 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: 71/21/8 Blend
63$16,600,000$16,600,000$16,600,000$16,600,000
64$18,299,255$17,419,455$17,162,155$19,573,485
65$20,109,544$18,216,773$17,680,852$21,213,737
66$22,102,711$19,051,388$18,215,154$23,001,415
67$24,297,353$19,925,073$18,765,528$24,956,672
68$26,713,965$20,839,683$19,332,454$27,095,991
69$29,375,126$21,797,164$19,916,429$29,437,510
70$32,305,721$22,799,557$20,517,961$32,001,189
71$35,533,168$23,848,999$21,137,576$34,808,996
72$39,087,681$24,947,730$21,775,815$37,885,109
73$43,002,553$26,098,097$22,433,233$41,256,141
74$47,314,472$27,302,562$23,110,405$44,951,387
75$52,063,865$28,563,705$23,807,920$49,003,095
76$57,295,281$29,884,227$24,526,387$53,446,766
77$63,057,809$31,266,964$25,266,431$58,321,486
78$69,405,545$32,714,885$26,028,696$63,670,288
79$76,398,099$34,231,103$26,813,845$69,540,552
80$84,101,159$35,818,881$27,622,563$75,984,450
81$92,587,111$37,481,639$28,455,552$83,059,430
82$101,935,719$39,222,963$29,313,537$90,828,751
83$112,234,885$41,046,611$30,197,263$99,362,078
84$123,581,470$42,956,521$31,107,498$108,736,130
85$136,082,214$44,956,824$32,045,032$119,035,397
86$149,854,739$47,051,848$33,010,681$130,352,930
87$165,028,665$49,246,131$34,005,280$142,791,215
88$181,746,826$51,544,429$35,029,695$156,463,128
89$200,166,624$53,951,728$36,084,812$171,492,997
90$220,461,513$56,473,256$37,171,546$188,017,761
91$242,822,635$59,114,493$38,290,840$206,188,260
92$267,460,623$61,881,183$39,443,663$226,170,643
93$294,607,594$64,779,348$40,631,013$248,147,932
94$324,519,334$67,815,302$41,853,918$272,321,736
95$357,477,718$70,995,663$43,113,435$298,914,145
96$393,793,365$74,327,370$44,410,655$328,169,813
97$433,808,575$77,817,698$45,746,699$360,358,257
98$477,900,557$81,474,273$47,122,721$395,776,391
99$526,484,992$85,305,090$48,539,910$434,751,309
100$580,019,955$89,318,533$49,999,491$477,643,369