Can I retire at age 64 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,114,946
2 years$580,506$569,695$559,217$549,058$539,204$521,734
3 years$383,160$372,302$361,850$351,787$342,093$325,079
4 years$284,506$273,681$263,334$253,443$243,984$227,556
5 years$225,329$214,569$204,358$194,668$185,472$169,679
6 years$185,891$175,212$165,152$155,678$146,758$131,617
7 years$157,732$147,143$137,242$127,991$119,354$104,870
8 years$136,622$126,129$116,392$107,369$99,015$85,187
9 years$120,212$109,818$100,248$91,454$83,385$70,205
10 years$107,092$96,799$87,399$78,834$71,048$58,506
11 years$96,364$86,174$76,945$68,610$61,104$49,186
12 years$87,430$77,345$68,286$60,180$52,951$41,644
13 years$79,877$69,898$61,009$53,130$46,175$35,461
14 years$73,408$63,535$54,817$47,163$40,476$30,340
15 years$67,807$58,040$49,493$42,061$35,639$26,060
16 years$62,911$53,251$44,872$37,661$31,498$22,459
17 years$58,596$49,042$40,832$33,838$27,928$19,409
18 years$54,764$45,317$37,274$30,495$24,832$16,813
19 years$51,339$41,999$34,123$27,555$22,133$14,593
20 years$48,261$39,028$31,316$24,956$19,770$12,689
21 years$45,480$36,353$28,805$22,649$17,692$11,049
22 years$42,955$33,934$26,548$20,593$15,858$9,634
23 years$40,653$31,738$24,513$18,755$14,235$8,409
24 years$38,545$29,736$22,670$17,105$12,795$7,347
25 years$36,610$27,906$20,997$15,622$11,514$6,425
26 years$34,826$26,227$19,474$14,284$10,371$5,622
27 years$33,177$24,683$18,083$13,074$9,350$4,923
28 years$31,649$23,259$16,810$11,979$8,437$4,313
29 years$30,228$21,942$15,644$10,985$7,618$3,780
30 years$28,905$20,722$14,571$10,081$6,884$3,315
31 years$27,670$19,589$13,584$9,259$6,224$2,908
32 years$26,514$18,535$12,675$8,509$5,630$2,552
33 years$25,430$17,553$11,834$7,825$5,095$2,240
34 years$24,412$16,636$11,057$7,200$4,613$1,966
35 years$23,455$15,779$10,338$6,628$4,178$1,727
36 years$22,553$14,977$9,671$6,104$3,785$1,517
37 years$21,701$14,225$9,052$5,624$3,431$1,332
38 years$20,897$13,518$8,476$5,184$3,110$1,171
39 years$20,135$12,855$7,942$4,780$2,821$1,029
40 years$19,414$12,230$7,444$4,408$2,558$904
41 years$18,729$11,642$6,980$4,067$2,321$794
42 years$18,079$11,087$6,547$3,754$2,106$698
43 years$17,460$10,564$6,144$3,465$1,911$614
44 years$16,872$10,070$5,767$3,199$1,735$540
45 years$16,311$9,602$5,415$2,955$1,575$474
46 years$15,776$9,160$5,086$2,729$1,430$417
47 years$15,265$8,742$4,778$2,522$1,299$367
48 years$14,777$8,345$4,490$2,330$1,179$322
49 years$14,311$7,969$4,220$2,153$1,071$283
50 years$13,864$7,612$3,968$1,990$973$249

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $14,200,000, adding $3,217 every year, while hoping to spend $36,882 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: 68/20/12 Blend
63$14,200,000$14,200,000$14,200,000$14,200,000
64$15,651,718$14,899,118$14,679,018$16,674,823
65$17,208,951$15,589,933$15,131,523$18,046,343
66$18,923,786$16,313,361$15,597,951$19,541,097
67$20,812,259$17,070,963$16,078,729$21,174,919
68$22,892,041$17,864,371$16,574,298$22,961,452
69$25,182,604$18,695,300$17,085,112$24,915,701
70$27,705,405$19,565,545$17,611,638$27,054,181
71$30,484,088$20,476,989$18,154,360$29,395,064
72$33,544,708$21,431,604$18,713,774$31,958,351
73$36,915,975$22,431,460$19,290,392$34,766,053
74$40,629,527$23,478,724$19,884,743$37,842,400
75$44,720,228$24,575,671$20,497,371$41,214,061
76$49,226,494$25,724,682$21,128,836$44,910,394
77$54,190,661$26,928,256$21,779,717$48,963,718
78$59,659,380$28,189,011$22,450,608$53,409,617
79$65,684,057$29,509,694$23,142,124$58,287,264
80$72,321,344$30,893,181$23,854,898$63,639,794
81$79,633,665$32,342,492$24,589,582$69,514,700
82$87,689,813$33,860,788$25,346,847$75,964,278
83$96,565,594$35,451,386$26,127,386$83,046,117
84$106,344,544$37,117,763$26,931,913$90,823,634
85$117,118,719$38,863,565$27,761,163$99,366,668
86$128,989,560$40,692,612$28,615,895$108,752,131
87$142,068,857$42,608,912$29,496,889$119,064,731
88$156,479,797$44,616,665$30,404,951$130,397,760
89$172,358,130$46,720,275$31,340,910$142,853,973
90$189,853,450$48,924,359$32,305,622$156,546,543
91$209,130,609$51,233,760$33,299,967$171,600,129
92$230,371,270$53,653,553$34,324,855$188,152,040
93$253,775,623$56,189,060$35,381,220$206,353,523
94$279,564,273$58,845,861$36,470,028$226,371,182
95$307,980,327$61,629,807$37,592,273$248,388,542
96$339,291,685$64,547,031$38,748,978$272,607,770
97$373,793,568$67,603,967$39,941,200$299,251,574
98$411,811,308$70,807,358$41,170,026$328,565,296
99$453,703,418$74,164,275$42,436,579$360,819,212
100$499,864,974$77,682,132$43,742,012$396,311,078