Can I retire at age 64 with 15,200,000?

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,192,480
2 years$621,387$609,814$598,598$587,724$577,176$557,494
3 years$410,143$398,520$387,333$376,560$366,184$347,022
4 years$304,542$292,955$281,879$271,291$261,166$242,672
5 years$241,198$229,680$218,750$208,377$198,534$180,761
6 years$198,982$187,551$176,782$166,641$157,093$140,061
7 years$168,840$157,505$146,907$137,005$127,759$111,473
8 years$146,243$135,011$124,589$114,930$105,988$90,446
9 years$128,678$117,551$107,308$97,895$89,257$74,451
10 years$114,633$103,616$93,554$84,386$76,052$61,968
11 years$103,150$92,243$82,363$73,441$65,407$52,032
12 years$93,587$82,792$73,095$64,418$56,680$43,997
13 years$85,502$74,820$65,306$56,871$49,426$37,416
14 years$78,578$68,009$58,678$50,484$43,327$31,969
15 years$72,583$62,128$52,978$45,023$38,148$27,422
16 years$67,342$57,001$48,032$40,313$33,716$23,599
17 years$62,722$52,496$43,707$36,221$29,895$20,365
18 years$58,621$48,509$39,899$32,642$26,581$17,616
19 years$54,955$44,957$36,526$29,495$23,692$15,268
20 years$51,660$41,776$33,522$26,714$21,162$13,256
21 years$48,683$38,913$30,833$24,244$18,938$11,526
22 years$45,980$36,324$28,418$22,044$16,975$10,034
23 years$43,515$33,973$26,239$20,076$15,238$8,745
24 years$41,260$31,831$24,266$18,310$13,696$7,628
25 years$39,188$29,871$22,476$16,722$12,324$6,660
26 years$37,279$28,074$20,845$15,290$11,101$5,819
27 years$35,514$26,421$19,356$13,995$10,009$5,087
28 years$33,877$24,897$17,994$12,822$9,031$4,449
29 years$32,357$23,487$16,745$11,758$8,155$3,894
30 years$30,941$22,181$15,598$10,791$7,368$3,409
31 years$29,618$20,968$14,541$9,911$6,662$2,985
32 years$28,381$19,840$13,567$9,108$6,026$2,615
33 years$27,221$18,789$12,668$8,376$5,454$2,292
34 years$26,132$17,808$11,836$7,707$4,938$2,009
35 years$25,107$16,890$11,066$7,094$4,472$1,761
36 years$24,141$16,032$10,352$6,534$4,052$1,544
37 years$23,230$15,226$9,689$6,020$3,672$1,354
38 years$22,368$14,470$9,073$5,549$3,329$1,188
39 years$21,553$13,760$8,501$5,116$3,019$1,042
40 years$20,781$13,091$7,968$4,719$2,739$914
41 years$20,048$12,462$7,471$4,354$2,485$802
42 years$19,352$11,868$7,008$4,018$2,254$704
43 years$18,690$11,308$6,576$3,709$2,046$617
44 years$18,060$10,779$6,173$3,425$1,857$542
45 years$17,459$10,279$5,796$3,163$1,686$475
46 years$16,887$9,805$5,444$2,922$1,531$417
47 years$16,340$9,357$5,115$2,699$1,390$366
48 years$15,818$8,933$4,806$2,494$1,262$321
49 years$15,318$8,530$4,518$2,305$1,147$282
50 years$14,841$8,149$4,247$2,131$1,041$248

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $15,200,000, adding $4,711 every year, while hoping to spend $49,563 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: 31/40/29 Blend
63$15,200,000$15,200,000$15,200,000$15,200,000
64$16,755,259$15,949,659$15,714,059$17,125,852
65$18,411,561$16,678,458$16,187,746$18,142,962
66$20,235,145$17,441,307$16,675,639$19,232,356
67$22,243,020$18,239,821$17,178,164$20,404,062
68$24,453,932$19,075,696$17,695,756$21,665,324
69$26,888,533$19,950,705$18,228,864$23,024,078
70$29,569,583$20,866,710$18,777,950$24,489,018
71$32,522,160$21,825,658$19,343,492$26,069,672
72$35,773,899$22,829,594$19,925,978$27,776,484
73$39,355,252$23,880,660$20,525,913$29,620,908
74$43,299,774$24,981,098$21,143,817$31,615,505
75$47,644,441$26,133,262$21,780,225$33,774,053
76$52,429,999$27,339,617$22,435,688$36,111,671
77$57,701,347$28,602,747$23,110,772$38,644,954
78$63,507,963$29,925,359$23,806,061$41,392,114
79$69,904,368$31,310,294$24,522,156$44,373,148
80$76,950,641$32,760,527$25,259,677$47,610,016
81$84,712,990$34,279,176$26,019,259$51,126,834
82$93,264,369$35,869,510$26,801,558$54,950,093
83$102,685,175$37,534,956$27,607,250$59,108,900
84$113,063,999$39,279,105$28,437,030$63,635,233
85$124,498,470$41,105,724$29,291,613$68,564,240
86$137,096,168$43,018,758$30,171,736$73,934,549
87$150,975,644$45,022,345$31,078,157$79,788,623
88$166,267,541$47,120,821$32,011,656$86,173,145
89$183,115,821$49,318,732$32,973,038$93,139,445
90$201,679,130$51,620,845$33,963,129$100,743,967
91$222,132,288$54,032,154$34,982,781$109,048,785
92$244,667,948$56,557,896$36,032,871$118,122,174
93$269,498,408$59,203,562$37,114,302$128,039,232
94$296,857,617$61,974,907$38,228,001$138,882,574
95$327,003,381$64,877,965$39,374,927$150,743,093
96$360,219,801$67,919,060$40,556,062$163,720,791
97$396,819,951$71,104,825$41,772,421$177,925,706
98$437,148,835$74,442,210$43,025,046$193,478,930
99$481,586,643$77,938,505$44,315,011$210,513,723
100$530,552,338$81,601,350$45,643,422$229,176,749