Can I retire at age 64 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,156,778
2 years$617,299$605,802$594,660$583,857$573,379$526,287
3 years$407,445$395,899$384,785$374,083$363,775$318,391
4 years$302,538$291,027$280,025$269,506$259,447$216,116
5 years$239,611$228,169$217,311$207,006$197,228$156,060
6 years$197,673$186,317$175,619$165,545$156,060$117,082
7 years$167,729$156,469$145,940$136,103$126,918$90,118
8 years$145,281$134,123$123,769$114,174$105,291$70,631
9 years$127,831$116,778$106,602$97,251$88,670$56,098
10 years$113,879$102,934$92,938$83,831$75,551$45,005
11 years$102,471$91,636$81,821$72,958$64,977$36,385
12 years$92,972$82,248$72,614$63,994$56,307$29,594
13 years$84,940$74,328$64,876$56,497$49,101$24,187
14 years$78,061$67,562$58,292$50,152$43,042$19,843
15 years$72,105$61,719$52,629$44,727$37,897$16,329
16 years$66,899$56,626$47,716$40,048$33,494$13,472
17 years$62,310$52,150$43,420$35,983$29,698$11,137
18 years$58,235$48,189$39,637$32,428$26,406$9,222
19 years$54,593$44,661$36,286$29,301$23,536$7,647
20 years$51,320$41,502$33,301$26,538$21,023$6,348
21 years$48,362$38,657$30,631$24,085$18,813$5,275
22 years$45,677$36,085$28,231$21,899$16,863$4,386
23 years$43,229$33,750$26,066$19,943$15,138$3,650
24 years$40,988$31,621$24,107$18,190$13,606$3,039
25 years$38,930$29,675$22,328$16,612$12,243$2,531
26 years$37,033$27,890$20,708$15,189$11,028$2,109
27 years$35,280$26,247$19,229$13,903$9,943$1,758
28 years$33,655$24,733$17,876$12,738$8,972$1,465
29 years$32,144$23,333$16,635$11,681$8,101$1,222
30 years$30,737$22,035$15,495$10,720$7,320$1,019
31 years$29,423$20,830$14,445$9,846$6,618$850
32 years$28,194$19,710$13,478$9,048$5,986$709
33 years$27,042$18,666$12,584$8,321$5,418$592
34 years$25,960$17,691$11,758$7,656$4,905$494
35 years$24,942$16,779$10,993$7,048$4,443$412
36 years$23,982$15,926$10,284$6,491$4,025$344
37 years$23,077$15,126$9,625$5,980$3,648$287
38 years$22,221$14,375$9,014$5,512$3,308$239
39 years$21,411$13,669$8,445$5,083$2,999$200
40 years$20,644$13,005$7,915$4,688$2,721$167
41 years$19,916$12,380$7,422$4,325$2,468$139
42 years$19,225$11,790$6,962$3,992$2,240$116
43 years$18,567$11,234$6,533$3,685$2,033$97
44 years$17,941$10,708$6,132$3,402$1,845$81
45 years$17,345$10,211$5,758$3,142$1,675$68
46 years$16,776$9,741$5,408$2,902$1,521$56
47 years$16,233$9,296$5,081$2,681$1,381$47
48 years$15,714$8,874$4,775$2,478$1,254$39
49 years$15,218$8,474$4,488$2,290$1,139$33
50 years$14,743$8,095$4,219$2,117$1,035$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $15,100,000, adding $6,196 every year, while hoping to spend $51,713 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: 49/34/17 Blend
63$15,100,000$15,100,000$15,100,000$15,100,000
64$16,646,591$15,846,291$15,612,241$17,383,095
65$18,289,521$16,567,737$16,080,229$18,614,221
66$20,098,297$17,322,801$16,562,161$19,945,023
67$22,089,780$18,113,075$17,058,450$21,389,568
68$24,282,550$18,940,228$17,569,521$22,958,558
69$26,697,081$19,806,010$18,095,811$24,663,750
70$29,355,931$20,712,253$18,637,769$26,518,058
71$32,283,961$21,660,878$19,195,858$28,535,672
72$35,508,562$22,653,897$19,770,556$30,732,185
73$39,059,918$23,693,421$20,362,353$33,124,735
74$42,971,292$24,781,661$20,971,754$35,732,159
75$47,279,334$25,920,933$21,599,279$38,575,168
76$52,024,434$27,113,666$22,245,462$41,676,529
77$57,251,096$28,362,406$22,910,854$45,061,279
78$63,008,362$29,669,818$23,596,023$48,756,952
79$69,350,276$31,038,700$24,301,550$52,793,830
80$76,336,389$32,471,982$25,028,038$57,205,219
81$84,032,327$33,972,735$25,776,102$62,027,761
82$92,510,403$35,544,177$26,546,380$67,301,763
83$101,850,306$37,189,684$27,339,526$73,071,575
84$112,139,851$38,912,792$28,156,214$79,385,994
85$123,475,804$40,717,208$28,997,136$86,298,716
86$135,964,802$42,606,817$29,863,006$93,868,836
87$149,724,354$44,585,693$30,754,558$102,161,386
88$164,883,951$46,658,104$31,672,549$111,247,946
89$181,586,289$48,828,527$32,617,755$121,207,302
90$199,988,618$51,101,652$33,590,977$132,126,178
91$220,264,221$53,482,397$34,593,039$144,100,044
92$242,604,053$55,975,916$35,624,787$157,233,999
93$267,218,544$58,587,614$36,687,095$171,643,752
94$294,339,583$61,323,154$37,780,860$187,456,696
95$324,222,708$64,188,476$38,907,006$204,813,097
96$357,149,516$67,189,803$40,066,483$223,867,401
97$393,430,326$70,333,662$41,260,269$244,789,672
98$433,407,102$73,626,895$42,489,371$267,767,181
99$477,456,686$77,076,673$43,754,825$293,006,156
100$525,994,353$80,690,515$45,057,697$320,733,706