Can I retire at age 64 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,105,337
2 years$588,682$577,719$567,093$556,791$546,798$504,030
3 years$388,557$377,546$366,947$356,741$346,911$305,659
4 years$288,513$277,536$267,043$257,012$247,420$207,998
5 years$228,503$217,592$207,237$197,410$188,085$150,595
6 years$188,509$177,680$167,478$157,870$148,825$113,293
7 years$159,953$149,215$139,175$129,794$121,035$87,452
8 years$138,546$127,905$118,031$108,881$100,410$68,745
9 years$121,905$111,364$101,660$92,742$84,560$54,768
10 years$108,600$98,162$88,630$79,945$72,049$44,078
11 years$97,721$87,388$78,028$69,576$61,965$35,752
12 years$88,662$78,435$69,248$61,027$53,697$29,177
13 years$81,002$70,882$61,869$53,878$46,825$23,927
14 years$74,442$64,430$55,589$47,827$41,047$19,699
15 years$68,762$58,858$50,190$42,653$36,141$16,269
16 years$63,797$54,001$45,504$38,191$31,941$13,471
17 years$59,421$49,733$41,407$34,315$28,321$11,177
18 years$55,535$45,955$37,799$30,924$25,182$9,290
19 years$52,063$42,591$34,603$27,943$22,445$7,733
20 years$48,941$39,578$31,757$25,308$20,048$6,444
21 years$46,120$36,865$29,211$22,968$17,941$5,375
22 years$43,560$34,412$26,922$20,883$16,082$4,487
23 years$41,225$32,185$24,858$19,019$14,436$3,749
24 years$39,088$30,155$22,989$17,346$12,975$3,133
25 years$37,125$28,299$21,293$15,842$11,676$2,620
26 years$35,316$26,597$19,748$14,485$10,517$2,192
27 years$33,644$25,031$18,338$13,258$9,482$1,834
28 years$32,094$23,586$17,047$12,147$8,556$1,535
29 years$30,654$22,251$15,864$11,139$7,726$1,286
30 years$29,312$21,014$14,777$10,223$6,981$1,077
31 years$28,059$19,865$13,776$9,389$6,311$902
32 years$26,887$18,796$12,853$8,629$5,709$755
33 years$25,788$17,800$12,001$7,935$5,167$633
34 years$24,756$16,871$11,213$7,301$4,678$530
35 years$23,785$16,002$10,483$6,721$4,237$444
36 years$22,871$15,188$9,807$6,190$3,839$372
37 years$22,007$14,425$9,179$5,703$3,479$312
38 years$21,191$13,709$8,596$5,257$3,154$261
39 years$20,419$13,036$8,053$4,847$2,860$219
40 years$19,687$12,402$7,548$4,471$2,594$184
41 years$18,993$11,806$7,078$4,125$2,354$154
42 years$18,333$11,244$6,639$3,807$2,136$129
43 years$17,706$10,713$6,230$3,514$1,938$108
44 years$17,109$10,212$5,848$3,245$1,759$91
45 years$16,540$9,738$5,491$2,996$1,597$76
46 years$15,998$9,289$5,157$2,768$1,450$64
47 years$15,480$8,865$4,845$2,557$1,317$53
48 years$14,985$8,463$4,553$2,363$1,196$45
49 years$14,512$8,081$4,280$2,184$1,086$37
50 years$14,059$7,720$4,024$2,018$987$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $14,400,000, adding $5,743 every year, while hoping to spend $32,800 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: 39/39/22 Blend
63$14,400,000$14,400,000$14,400,000$14,400,000
64$15,874,724$15,111,524$14,888,324$16,389,680
65$17,459,047$15,817,090$15,352,184$17,467,417
66$19,203,871$16,556,129$15,830,484$18,628,480
67$21,125,534$17,330,247$16,323,673$19,883,283
68$23,242,037$18,141,127$16,832,214$21,240,357
69$25,573,216$18,990,534$17,356,585$22,709,059
70$28,140,931$19,880,317$17,897,277$24,299,650
71$30,969,269$20,812,416$18,454,800$26,023,393
72$34,084,774$21,788,864$19,029,675$27,892,646
73$37,516,694$22,811,791$19,622,442$29,920,975
74$41,297,262$23,883,434$20,233,658$32,123,273
75$45,461,994$25,006,133$20,863,897$34,515,892
76$50,050,029$26,182,346$21,513,750$37,116,795
77$55,104,498$27,414,647$22,183,826$39,945,709
78$60,672,928$28,705,735$22,874,755$43,024,308
79$66,807,692$30,058,442$23,587,185$46,376,407
80$73,566,505$31,475,734$24,321,785$50,028,177
81$81,012,967$32,960,724$25,079,243$54,008,380
82$89,217,162$34,516,672$25,860,270$58,348,635
83$98,256,323$36,146,998$26,665,599$63,083,699
84$108,215,557$37,855,290$27,495,985$68,251,790
85$119,188,651$39,645,307$28,352,208$73,894,931
86$131,278,956$41,520,990$29,235,070$80,059,335
87$144,600,364$43,486,473$30,145,399$86,795,830
88$159,278,381$45,546,089$31,084,050$94,160,323
89$175,451,312$47,704,384$32,051,902$102,214,314
90$193,271,567$49,966,121$33,049,862$111,025,462
91$212,907,102$52,336,296$34,078,868$120,668,208
92$234,542,999$54,820,147$35,139,883$131,224,458
93$258,383,218$57,423,167$36,233,902$142,784,344
94$284,652,520$60,151,116$37,361,951$155,447,054
95$313,598,588$63,010,031$38,525,087$169,321,747
96$345,494,368$66,006,246$39,724,401$184,528,570
97$380,640,641$69,146,401$40,961,017$201,199,764
98$419,368,870$72,437,457$42,236,093$219,480,896
99$462,044,318$75,886,716$43,550,826$239,532,210
100$509,069,506$79,501,833$44,906,447$261,530,113