Can I retire at age 64 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,220,189
2 years$641,827$629,874$618,289$607,057$596,162$564,380
3 years$423,635$411,630$400,074$388,947$378,230$347,410
4 years$314,560$302,591$291,151$280,215$269,757$240,137
5 years$249,132$237,235$225,945$215,232$205,065$176,727
6 years$205,527$193,720$182,598$172,122$162,261$135,233
7 years$174,394$162,686$151,739$141,511$131,961$106,246
8 years$151,054$139,452$128,687$118,710$109,475$85,060
9 years$132,910$121,418$110,838$101,115$92,194$69,058
10 years$118,404$107,024$96,631$87,162$78,553$56,670
11 years$106,543$95,277$85,073$75,857$67,559$46,895
12 years$96,666$85,516$75,500$66,537$58,545$39,065
13 years$88,315$77,281$67,454$58,742$51,052$32,718
14 years$81,163$70,247$60,608$52,145$44,752$27,521
15 years$74,970$64,171$54,721$46,504$39,403$23,233
16 years$69,557$58,876$49,612$41,639$34,825$19,672
17 years$64,785$54,223$45,145$37,412$30,878$16,698
18 years$60,549$50,104$41,212$33,716$27,455$14,203
19 years$56,763$46,436$37,727$30,465$24,472$12,101
20 years$53,359$43,151$34,624$27,592$21,858$10,326
21 years$50,284$40,193$31,848$25,042$19,561$8,822
22 years$47,492$37,519$29,353$22,769$17,533$7,545
23 years$44,947$35,091$27,102$20,736$15,739$6,459
24 years$42,617$32,878$25,065$18,912$14,147$5,533
25 years$40,477$30,854$23,215$17,272$12,730$4,743
26 years$38,505$28,998$21,531$15,792$11,467$4,068
27 years$36,682$27,290$19,993$14,455$10,338$3,491
28 years$34,992$25,716$18,586$13,244$9,328$2,997
29 years$33,421$24,260$17,296$12,145$8,423$2,574
30 years$31,958$22,911$16,111$11,146$7,611$2,211
31 years$30,592$21,658$15,019$10,237$6,881$1,900
32 years$29,314$20,493$14,013$9,408$6,224$1,633
33 years$28,116$19,407$13,084$8,651$5,633$1,404
34 years$26,991$18,394$12,225$7,960$5,100$1,207
35 years$25,933$17,446$11,430$7,328$4,619$1,038
36 years$24,935$16,559$10,692$6,749$4,185$892
37 years$23,994$15,727$10,008$6,218$3,793$767
38 years$23,104$14,946$9,372$5,731$3,439$660
39 years$22,262$14,213$8,780$5,284$3,119$568
40 years$21,464$13,522$8,230$4,874$2,829$488
41 years$20,707$12,872$7,717$4,497$2,566$420
42 years$19,988$12,259$7,239$4,150$2,329$361
43 years$19,305$11,680$6,793$3,831$2,113$311
44 years$18,654$11,133$6,376$3,537$1,918$268
45 years$18,034$10,617$5,987$3,267$1,741$230
46 years$17,442$10,128$5,623$3,018$1,581$198
47 years$16,878$9,665$5,283$2,788$1,436$170
48 years$16,338$9,227$4,964$2,576$1,304$147
49 years$15,822$8,811$4,666$2,381$1,184$126
50 years$15,329$8,417$4,387$2,201$1,076$109

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $15,700,000, adding $4,568 every year, while hoping to spend $25,983 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: 40/30/30 Blend
63$15,700,000$15,700,000$15,700,000$15,700,000
64$17,306,112$16,474,012$16,230,662$17,844,914
65$19,043,690$17,253,593$16,746,743$19,018,304
66$20,957,629$18,070,502$17,279,243$20,284,209
67$23,065,893$18,926,542$17,828,683$21,653,339
68$25,388,272$19,823,601$18,395,602$23,135,183
69$27,946,579$20,763,661$18,980,558$24,740,149
70$30,764,847$21,748,797$19,584,123$26,479,665
71$33,869,562$22,781,188$20,206,891$28,366,272
72$37,289,908$23,863,117$20,849,473$30,413,745
73$41,058,048$24,996,979$21,512,500$32,637,210
74$45,209,422$26,185,284$22,196,622$35,053,280
75$49,783,085$27,430,665$22,902,510$37,680,208
76$54,822,074$28,735,882$23,630,859$40,538,049
77$60,373,815$30,103,830$24,382,382$43,648,840
78$66,490,570$31,537,543$25,157,818$47,036,801
79$73,229,930$33,040,206$25,957,927$50,728,559
80$80,655,362$34,615,154$26,783,496$54,753,381
81$88,836,800$36,265,888$27,635,335$59,143,449
82$97,851,315$37,996,078$28,514,280$63,934,148
83$107,783,835$39,809,572$29,421,194$69,164,395
84$118,727,950$41,710,405$30,356,969$74,876,990
85$130,786,796$43,702,809$31,322,521$81,119,011
86$144,074,024$45,791,221$32,318,800$87,942,247
87$158,714,879$47,980,296$33,346,785$95,403,674
88$174,847,378$50,274,912$34,407,484$103,565,978
89$192,623,615$52,680,187$35,501,939$112,498,135
90$212,211,195$55,201,488$36,631,225$122,276,049
91$233,794,817$57,844,441$37,796,452$132,983,250
92$257,578,019$60,614,949$38,998,763$144,711,668
93$283,785,095$63,519,199$40,239,340$157,562,488
94$312,663,217$66,563,683$41,519,400$171,647,082
95$344,484,768$69,755,206$42,840,202$187,088,048
96$379,549,908$73,100,905$44,203,043$204,020,347
97$418,189,415$76,608,265$45,609,262$222,592,556
98$460,767,802$80,285,137$47,060,239$242,968,250
99$507,686,762$84,139,753$48,557,401$265,327,529
100$559,388,955$88,180,745$50,102,217$289,868,690