Can I retire at age 64 with 14,100,000?

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 $14,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,118,206
2 years$576,418$565,683$555,279$545,191$535,407$529,203
3 years$380,462$369,680$359,302$349,309$339,684$333,617
4 years$282,503$271,754$261,480$251,658$242,265$236,381
5 years$223,742$213,058$202,919$193,297$184,166$178,483
6 years$184,582$173,978$163,989$154,581$145,725$140,249
7 years$156,621$146,107$136,275$127,090$118,513$113,248
8 years$135,660$125,240$115,572$106,613$98,318$93,264
9 years$119,365$109,044$99,543$90,810$82,798$77,953
10 years$106,337$96,117$86,783$78,279$70,548$65,911
11 years$95,685$85,567$76,403$68,126$60,674$56,240
12 years$86,815$76,801$67,805$59,756$52,579$48,346
13 years$79,315$69,405$60,580$52,756$45,849$41,813
14 years$72,892$63,088$54,431$46,831$40,191$36,347
15 years$67,330$57,632$49,144$41,765$35,388$31,730
16 years$62,468$52,876$44,556$37,396$31,276$27,800
17 years$58,183$48,697$40,544$33,600$27,731$24,432
18 years$54,378$44,998$37,012$30,280$24,657$21,528
19 years$50,978$41,704$33,883$27,361$21,978$19,014
20 years$47,921$38,753$31,096$24,780$19,631$16,826
21 years$45,160$36,097$28,602$22,490$17,567$14,916
22 years$42,652$33,695$26,361$20,448$15,747$13,243
23 years$40,366$31,514$24,340$18,623$14,135$11,773
24 years$38,274$29,527$22,510$16,985$12,705$10,479
25 years$36,352$27,710$20,849$15,512$11,433$9,336
26 years$34,581$26,043$19,336$14,183$10,298$8,326
27 years$32,943$24,509$17,956$12,982$9,285$7,431
28 years$31,426$23,095$16,692$11,894$8,378$6,637
29 years$30,015$21,787$15,533$10,907$7,565$5,931
30 years$28,702$20,576$14,469$10,010$6,835$5,304
31 years$27,475$19,451$13,489$9,194$6,180$4,745
32 years$26,327$18,405$12,585$8,449$5,590$4,247
33 years$25,251$17,429$11,751$7,770$5,059$3,803
34 years$24,241$16,519$10,979$7,149$4,580$3,407
35 years$23,290$15,668$10,265$6,581$4,149$3,052
36 years$22,394$14,871$9,603$6,061$3,759$2,736
37 years$21,549$14,124$8,988$5,584$3,407$2,453
38 years$20,750$13,423$8,417$5,147$3,089$2,199
39 years$19,993$12,764$7,886$4,746$2,801$1,972
40 years$19,277$12,144$7,391$4,377$2,540$1,769
41 years$18,597$11,560$6,931$4,039$2,305$1,588
42 years$17,951$11,009$6,501$3,727$2,091$1,425
43 years$17,337$10,490$6,100$3,441$1,898$1,278
44 years$16,753$9,999$5,726$3,177$1,723$1,147
45 years$16,196$9,535$5,377$2,934$1,564$1,030
46 years$15,665$9,096$5,050$2,710$1,420$925
47 years$15,158$8,680$4,744$2,504$1,289$830
48 years$14,673$8,286$4,458$2,314$1,171$745
49 years$14,210$7,913$4,191$2,138$1,064$669
50 years$13,767$7,559$3,940$1,976$966$601

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $14,100,000, adding $6,704 every year, while hoping to spend $32,022 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: 61/19/20 Blend
63$14,100,000$14,100,000$14,100,000$14,100,000
64$15,545,115$14,797,815$14,579,265$16,412,083
65$17,096,646$15,488,837$15,033,599$17,689,898
66$18,805,359$16,212,646$15,502,081$19,079,710
67$20,687,254$16,970,814$15,985,149$20,595,805
68$22,759,961$17,764,990$16,483,258$22,250,456
69$25,042,906$18,596,904$16,996,876$24,057,163
70$27,557,496$19,468,366$17,526,485$26,030,777
71$30,327,321$20,381,276$18,072,583$28,187,637
72$33,378,375$21,337,626$18,635,682$30,545,721
73$36,739,304$22,339,504$19,216,311$33,124,809
74$40,441,672$23,389,099$19,815,017$35,946,669
75$44,520,262$24,488,704$20,432,360$39,035,258
76$49,013,406$25,640,727$21,068,920$42,416,940
77$53,963,340$26,847,690$21,725,296$46,120,735
78$59,416,610$28,112,237$22,402,103$50,178,587
79$65,424,508$29,437,140$23,099,977$54,625,659
80$72,043,555$30,825,306$23,819,573$59,500,660
81$79,336,035$32,279,784$24,561,567$64,846,207
82$87,370,586$33,803,769$25,326,654$70,709,220
83$96,222,842$35,400,610$26,115,554$77,141,358
84$105,976,153$37,073,821$26,929,006$84,199,503
85$116,722,367$38,827,085$27,767,774$91,946,291
86$128,562,699$40,664,262$28,632,645$100,450,692
87$141,608,687$42,589,404$29,524,431$109,788,659
88$155,983,242$44,606,753$30,443,968$120,043,834
89$171,821,811$46,720,763$31,392,120$131,308,335
90$189,273,655$48,936,100$32,369,775$143,683,611
91$208,503,257$51,257,657$33,377,852$157,281,395
92$229,691,874$53,690,568$34,417,295$172,224,752
93$253,039,251$56,240,211$35,489,080$188,649,227
94$278,765,503$58,912,230$36,594,213$206,704,119
95$307,113,194$61,712,539$37,733,729$226,553,878
96$338,349,629$64,647,342$38,908,697$248,379,648
97$372,769,373$67,723,144$40,120,220$272,380,968
98$410,697,035$70,946,764$41,369,434$298,777,639
99$452,490,332$74,325,355$42,657,509$327,811,795
100$498,543,465$77,866,416$43,985,655$359,750,170