Can I retire at age 64 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,149,194
2 years$609,123$597,778$586,784$576,124$565,784$526,911
3 years$402,048$390,655$379,688$369,128$358,957$321,384
4 years$298,531$287,173$276,316$265,936$256,011$220,027
5 years$236,437$225,147$214,432$204,264$194,615$160,315
6 years$195,055$183,849$173,293$163,352$153,993$121,405
7 years$165,507$154,396$144,007$134,301$125,237$94,358
8 years$143,357$132,346$122,130$112,661$103,896$74,703
9 years$126,138$115,231$105,190$95,963$87,496$59,954
10 years$112,371$101,571$91,707$82,721$74,551$48,618
11 years$101,114$90,422$80,738$71,992$64,116$39,743
12 years$91,740$81,158$71,653$63,146$55,562$32,695
13 years$83,815$73,343$64,017$55,749$48,451$27,033
14 years$77,027$66,667$57,519$49,488$42,472$22,443
15 years$71,150$60,902$51,932$44,134$37,395$18,694
16 years$66,013$55,876$47,084$39,517$33,050$15,614
17 years$61,484$51,460$42,845$35,506$29,305$13,070
18 years$57,464$47,551$39,112$31,998$26,056$10,962
19 years$53,870$44,070$35,805$28,913$23,225$9,207
20 years$50,640$40,952$32,860$26,186$20,745$7,744
21 years$47,722$38,145$30,225$23,766$18,564$6,520
22 years$45,072$35,607$27,857$21,609$16,640$5,494
23 years$42,657$33,303$25,721$19,679$14,937$4,633
24 years$40,446$31,202$23,787$17,949$13,426$3,910
25 years$38,415$29,282$22,032$16,392$12,081$3,301
26 years$36,543$27,520$20,434$14,988$10,882$2,788
27 years$34,813$25,900$18,974$13,719$9,811$2,356
28 years$33,209$24,405$17,639$12,569$8,853$1,992
29 years$31,718$23,023$16,415$11,526$7,994$1,684
30 years$30,330$21,743$15,290$10,578$7,223$1,424
31 years$29,034$20,555$14,254$9,715$6,530$1,205
32 years$27,821$19,449$13,299$8,929$5,907$1,019
33 years$26,684$18,418$12,418$8,211$5,346$862
34 years$25,616$17,456$11,602$7,554$4,840$730
35 years$24,611$16,557$10,847$6,954$4,384$617
36 years$23,665$15,715$10,147$6,405$3,972$523
37 years$22,771$14,926$9,498$5,901$3,600$442
38 years$21,927$14,185$8,894$5,439$3,264$374
39 years$21,128$13,488$8,333$5,015$2,960$317
40 years$20,371$12,833$7,811$4,626$2,685$268
41 years$19,652$12,216$7,324$4,268$2,435$227
42 years$18,970$11,634$6,870$3,939$2,210$192
43 years$18,321$11,085$6,447$3,636$2,006$163
44 years$17,703$10,566$6,051$3,357$1,821$138
45 years$17,115$10,076$5,682$3,100$1,653$117
46 years$16,553$9,612$5,337$2,864$1,501$99
47 years$16,018$9,173$5,014$2,646$1,363$84
48 years$15,506$8,757$4,711$2,445$1,237$71
49 years$15,016$8,362$4,428$2,260$1,124$60
50 years$14,548$7,988$4,163$2,089$1,021$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $14,900,000, adding $2,611 every year, while hoping to spend $52,811 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: 51/27/22 Blend
63$14,900,000$14,900,000$14,900,000$14,900,000
64$16,422,493$15,632,793$15,401,843$17,159,167
65$18,041,397$16,342,610$15,861,615$18,378,879
66$19,823,659$17,085,437$16,335,018$19,698,703
67$21,785,886$17,862,837$16,822,455$21,132,658
68$23,946,377$18,676,447$17,324,338$22,691,586
69$26,325,295$19,527,980$17,841,091$24,387,401
70$28,944,859$20,419,236$18,373,152$26,233,199
71$31,829,552$21,352,095$18,920,969$28,243,375
72$35,006,352$22,328,533$19,485,007$30,433,756
73$38,504,986$23,350,617$20,065,741$32,821,745
74$42,358,212$24,420,515$20,663,661$35,426,476
75$46,602,127$25,540,498$21,279,271$38,268,995
76$51,276,508$26,712,947$21,913,091$41,372,450
77$56,425,187$27,940,356$22,565,654$44,762,303
78$62,096,462$29,225,339$23,237,510$48,466,566
79$68,343,559$30,570,638$23,929,224$52,516,056
80$75,225,127$31,979,125$24,641,378$56,944,681
81$82,805,796$33,453,809$25,374,570$61,789,754
82$91,156,787$34,997,845$26,129,418$67,092,336
83$100,356,580$36,614,540$26,906,554$72,897,615
84$110,491,658$38,307,359$27,706,631$79,255,328
85$121,657,324$40,079,936$28,530,319$86,220,216
86$133,958,596$41,936,079$29,378,310$93,852,539
87$147,511,203$43,879,777$30,251,314$102,218,630
88$162,442,675$45,915,214$31,150,062$111,391,515
89$178,893,544$48,046,776$32,075,305$121,451,590
90$197,018,676$50,279,059$33,027,819$132,487,370
91$216,988,728$52,616,880$34,008,398$144,596,313
92$238,991,761$55,065,290$35,017,862$157,885,730
93$263,235,015$57,629,583$36,057,054$172,473,786
94$289,946,862$60,315,308$37,126,841$188,490,600
95$319,378,966$63,128,283$38,228,114$206,079,463
96$351,808,657$66,074,605$39,361,793$225,398,175
97$387,541,548$69,160,668$40,528,820$246,620,523
98$426,914,418$72,393,173$41,730,168$269,937,903
99$470,298,395$75,779,145$42,966,835$295,561,113
100$518,102,457$79,325,949$44,239,850$323,722,328