Can I retire at age 64 with 13,700,000?

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 $13,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,085,572
2 years$560,066$549,635$539,526$529,725$520,218$513,273
3 years$369,668$359,193$349,109$339,400$330,048$323,258
4 years$274,488$264,045$254,062$244,518$235,393$228,810
5 years$217,395$207,014$197,163$187,814$178,942$172,586
6 years$179,346$169,043$159,337$150,196$141,591$135,470
7 years$152,178$141,962$132,410$123,484$115,151$109,268
8 years$131,811$121,687$112,294$103,588$95,529$89,884
9 years$115,979$105,951$96,719$88,234$80,449$75,041
10 years$103,321$93,390$84,321$76,059$68,547$63,373
11 years$92,971$83,140$74,235$66,194$58,952$54,009
12 years$84,352$74,622$65,882$58,061$51,087$46,369
13 years$77,065$67,437$58,861$51,259$44,549$40,053
14 years$70,824$61,298$52,887$45,502$39,051$34,771
15 years$65,420$55,997$47,750$40,580$34,384$30,314
16 years$60,696$51,376$43,292$36,335$30,388$26,523
17 years$56,533$47,315$39,394$32,647$26,945$23,277
18 years$52,836$43,721$35,962$29,421$23,958$20,483
19 years$49,532$40,521$32,921$26,584$21,354$18,064
20 years$46,562$37,654$30,214$24,077$19,074$15,963
21 years$43,878$35,073$27,791$21,852$17,069$14,130
22 years$41,442$32,739$25,613$19,868$15,300$12,527
23 years$39,221$30,620$23,649$18,094$13,734$11,120
24 years$37,188$28,689$21,872$16,503$12,345$9,882
25 years$35,321$26,924$20,258$15,072$11,108$8,791
26 years$33,600$25,304$18,788$13,781$10,006$7,827
27 years$32,009$23,814$17,446$12,614$9,021$6,975
28 years$30,534$22,440$16,219$11,557$8,140$6,220
29 years$29,164$21,169$15,093$10,598$7,350$5,550
30 years$27,887$19,992$14,058$9,726$6,641$4,955
31 years$26,695$18,899$13,106$8,933$6,004$4,426
32 years$25,580$17,882$12,228$8,210$5,431$3,955
33 years$24,535$16,935$11,418$7,549$4,915$3,535
34 years$23,553$16,051$10,668$6,946$4,450$3,161
35 years$22,629$15,224$9,974$6,394$4,031$2,828
36 years$21,759$14,449$9,330$5,889$3,652$2,530
37 years$20,937$13,724$8,733$5,426$3,310$2,265
38 years$20,161$13,042$8,178$5,001$3,001$2,027
39 years$19,426$12,402$7,662$4,611$2,721$1,815
40 years$18,730$11,800$7,182$4,253$2,468$1,625
41 years$18,070$11,232$6,734$3,924$2,239$1,456
42 years$17,442$10,697$6,317$3,622$2,032$1,304
43 years$16,845$10,192$5,927$3,343$1,844$1,168
44 years$16,278$9,715$5,564$3,087$1,674$1,047
45 years$15,736$9,264$5,224$2,851$1,520$938
46 years$15,220$8,838$4,907$2,633$1,380$841
47 years$14,728$8,434$4,610$2,433$1,253$753
48 years$14,257$8,051$4,332$2,248$1,138$675
49 years$13,807$7,689$4,072$2,078$1,033$605
50 years$13,376$7,344$3,828$1,920$939$543

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $13,700,000, adding $2,908 every year, while hoping to spend $27,794 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: 81/12/7 Blend
63$13,700,000$13,700,000$13,700,000$13,700,000
64$15,100,400$14,374,300$14,161,950$16,312,629
65$16,611,068$15,049,068$14,606,802$17,781,164
66$18,274,893$15,755,968$15,065,626$19,388,590
67$20,107,467$16,496,545$15,538,860$21,151,929
68$22,125,972$17,272,420$16,026,955$23,086,756
69$24,349,343$18,085,290$16,530,380$25,210,218
70$26,798,442$18,936,936$17,049,614$27,541,199
71$29,496,263$19,829,225$17,585,155$30,100,491
72$32,468,138$20,764,114$18,137,515$32,910,993
73$35,741,988$21,743,655$18,707,222$35,997,922
74$39,348,577$22,770,000$19,294,819$39,389,049
75$43,321,806$23,845,404$19,900,870$43,114,962
76$47,699,034$24,972,233$20,525,953$47,209,345
77$52,521,429$26,152,966$21,170,666$51,709,303
78$57,834,358$27,390,204$21,835,626$56,655,702
79$63,687,810$28,686,672$22,521,467$62,093,554
80$70,136,877$30,045,229$23,228,847$68,072,441
81$77,242,265$31,468,872$23,958,440$74,646,978
82$85,070,873$32,960,744$24,710,944$81,877,326
83$93,696,420$34,524,138$25,487,079$89,829,755
84$103,200,145$36,162,512$26,287,587$98,577,269
85$113,671,571$37,879,486$27,113,232$108,200,290
86$125,209,351$39,678,860$27,964,805$118,787,412
87$137,922,197$41,564,616$28,843,118$130,436,236
88$151,929,910$43,540,932$29,749,012$143,254,284
89$167,364,510$45,612,186$30,683,352$157,360,013
90$184,371,477$47,782,970$31,647,032$172,883,926
91$203,111,132$50,058,101$32,640,972$189,969,801
92$223,760,146$52,442,626$33,666,123$208,776,042
93$246,513,207$54,941,841$34,723,464$229,477,169
94$271,584,860$57,561,297$35,814,006$252,265,462
95$299,211,533$60,306,817$36,938,792$277,352,769
96$329,653,763$63,184,505$38,098,896$304,972,499
97$363,198,665$66,200,764$39,295,427$335,381,820
98$400,162,634$69,362,306$40,529,528$368,864,082
99$440,894,335$72,676,172$41,802,380$405,731,483
100$485,777,996$76,149,743$43,115,199$446,328,008