Can I retire at age 64 with 13,500,000?

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 $13,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$1,114,817$1,104,887$1,095,199$1,085,743$1,076,509$1,045,822
2 years$551,890$541,611$531,650$521,992$512,623$481,946
3 years$364,272$353,949$344,013$334,445$325,229$295,522
4 years$270,481$260,190$250,353$240,949$231,956$203,447
5 years$214,222$203,992$194,284$185,072$176,329$149,096
6 years$176,727$166,575$157,011$148,003$139,524$113,592
7 years$149,956$139,889$130,477$121,682$113,470$88,840
8 years$129,887$119,911$110,654$102,076$94,134$70,792
9 years$114,286$104,404$95,307$86,946$79,275$57,197
10 years$101,812$92,027$83,091$74,948$67,546$46,703
11 years$91,613$81,926$73,152$65,227$58,092$38,449
12 years$83,120$73,533$64,920$57,213$50,341$31,862
13 years$75,940$66,452$58,002$50,511$43,898$26,541
14 years$69,790$60,403$52,115$44,838$38,481$22,203
15 years$64,465$55,179$47,053$39,987$33,882$18,639
16 years$59,810$50,626$42,660$35,804$29,945$15,692
17 years$55,707$46,625$38,819$32,170$26,551$13,242
18 years$52,064$43,083$35,437$28,992$23,608$11,197
19 years$48,809$39,929$32,441$26,196$21,042$9,483
20 years$45,882$37,104$29,772$23,726$18,795$8,043
21 years$43,238$34,561$27,385$21,533$16,820$6,829
22 years$40,837$32,261$25,239$19,578$15,077$5,805
23 years$38,649$30,173$23,304$17,830$13,534$4,938
24 years$36,645$28,271$21,552$16,262$12,164$4,203
25 years$34,805$26,531$19,962$14,852$10,946$3,580
26 years$33,109$24,934$18,514$13,580$9,860$3,051
27 years$31,542$23,466$17,192$12,430$8,889$2,601
28 years$30,089$22,112$15,982$11,388$8,021$2,219
29 years$28,738$20,860$14,872$10,443$7,243$1,893
30 years$27,480$19,700$13,853$9,584$6,544$1,615
31 years$26,306$18,623$12,915$8,802$5,917$1,379
32 years$25,207$17,621$12,050$8,090$5,352$1,177
33 years$24,177$16,688$11,251$7,439$4,844$1,005
34 years$23,209$15,816$10,512$6,845$4,385$858
35 years$22,299$15,001$9,828$6,301$3,972$733
36 years$21,441$14,239$9,194$5,803$3,599$626
37 years$20,632$13,523$8,605$5,347$3,262$535
38 years$19,867$12,852$8,059$4,928$2,957$457
39 years$19,143$12,221$7,550$4,544$2,682$390
40 years$18,457$11,627$7,077$4,191$2,432$334
41 years$17,806$11,068$6,636$3,867$2,207$285
42 years$17,187$10,541$6,224$3,569$2,002$244
43 years$16,600$10,043$5,841$3,294$1,817$208
44 years$16,040$9,573$5,483$3,042$1,649$178
45 years$15,507$9,129$5,148$2,809$1,497$152
46 years$14,998$8,709$4,835$2,595$1,360$130
47 years$14,513$8,311$4,543$2,397$1,235$111
48 years$14,049$7,934$4,269$2,215$1,121$95
49 years$13,605$7,576$4,012$2,047$1,018$81
50 years$13,181$7,237$3,772$1,892$925$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $13,500,000, adding $2,944 every year, while hoping to spend $42,528 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: 65/14/21 Blend
63$13,500,000$13,500,000$13,500,000$13,500,000
64$14,880,037$14,164,537$13,955,287$15,767,316
65$16,352,551$14,813,350$14,377,539$17,012,879
66$17,973,836$15,492,529$14,812,512$18,368,468
67$19,759,023$16,203,518$15,260,586$19,848,979
68$21,724,781$16,947,828$15,722,154$21,466,659
69$23,889,483$17,727,046$16,197,620$23,234,989
70$26,273,371$18,542,832$16,687,401$25,168,803
71$28,898,750$19,396,926$17,191,925$27,284,428
72$31,790,202$20,291,155$17,711,633$29,599,834
73$34,974,811$21,227,430$18,246,981$32,134,801
74$38,482,423$22,207,755$18,798,437$34,911,106
75$42,345,927$23,234,232$19,366,481$37,952,719
76$46,601,565$24,309,063$19,951,612$41,286,032
77$51,289,273$25,434,555$20,554,339$44,940,101
78$56,453,060$26,613,129$21,175,190$48,946,919
79$62,141,419$27,847,320$21,814,707$53,341,713
80$68,407,791$29,139,786$22,473,446$58,163,272
81$75,311,063$30,493,313$23,151,984$63,454,313
82$82,916,127$31,910,821$23,850,912$69,261,876
83$91,294,494$33,395,373$24,570,839$75,637,764
84$100,524,962$34,950,176$25,312,392$82,639,030
85$110,694,369$36,578,596$26,076,218$90,328,509
86$121,898,406$38,284,157$26,862,982$98,775,407
87$134,242,520$40,070,558$27,673,368$108,055,948
88$147,842,913$41,941,671$28,508,083$118,254,090
89$162,827,638$43,901,561$29,367,851$129,462,311
90$179,337,805$45,954,485$30,253,422$141,782,476
91$197,528,913$48,104,907$31,165,564$155,326,793
92$217,572,322$50,357,508$32,105,070$170,218,865
93$239,656,866$52,717,192$33,072,757$186,594,853
94$263,990,636$55,189,105$34,069,464$204,604,751
95$290,802,948$57,778,638$35,096,058$224,413,796
96$320,346,501$60,491,443$36,153,428$246,204,022
97$352,899,768$63,333,448$37,242,492$270,175,968
98$388,769,624$66,310,866$38,364,195$296,550,567
99$428,294,238$69,430,211$39,519,508$325,571,216
100$471,846,271$72,698,313$40,709,432$357,506,074