Can I retire at age 64 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,215,695
2 years$645,915$633,886$622,227$610,924$599,959$555,873
3 years$426,333$414,251$402,622$391,425$380,639$338,072
4 years$316,563$304,519$293,006$281,999$271,475$230,752
5 years$250,719$238,746$227,385$216,603$206,371$167,599
6 years$206,836$194,954$183,761$173,219$163,294$126,503
7 years$175,504$163,722$152,706$142,413$132,802$97,984
8 years$152,016$140,340$129,507$119,467$110,172$77,299
9 years$133,757$122,191$111,544$101,759$92,781$61,810
10 years$119,158$107,706$97,247$87,717$79,054$49,934
11 years$107,222$95,884$85,614$76,340$67,989$40,660
12 years$97,282$86,060$75,981$66,961$58,918$33,316
13 years$88,877$77,773$67,884$59,116$51,377$27,434
14 years$81,680$70,694$60,994$52,477$45,037$22,681
15 years$75,448$64,580$55,069$46,800$39,654$18,812
16 years$70,000$59,251$49,928$41,904$35,047$15,644
17 years$65,198$54,568$45,433$37,651$31,075$13,038
18 years$60,935$50,423$41,474$33,931$27,630$10,886
19 years$57,124$46,732$37,968$30,659$24,627$9,102
20 years$53,699$43,425$34,845$27,768$21,998$7,620
21 years$50,604$40,449$32,051$25,201$19,685$6,386
22 years$47,795$37,758$29,540$22,914$17,645$5,356
23 years$45,233$35,314$27,275$20,868$15,839$4,496
24 years$42,889$33,087$25,224$19,033$14,237$3,776
25 years$40,735$31,051$23,363$17,382$12,811$3,173
26 years$38,750$29,182$21,668$15,893$11,540$2,667
27 years$36,915$27,464$20,120$14,547$10,404$2,243
28 years$35,215$25,879$18,705$13,328$9,388$1,886
29 years$33,634$24,414$17,406$12,222$8,477$1,587
30 years$32,162$23,057$16,213$11,217$7,659$1,336
31 years$30,787$21,796$15,115$10,302$6,925$1,124
32 years$29,501$20,624$14,103$9,468$6,264$946
33 years$28,295$19,531$13,168$8,707$5,669$797
34 years$27,163$18,511$12,303$8,011$5,133$671
35 years$26,098$17,557$11,503$7,374$4,649$565
36 years$25,094$16,664$10,760$6,792$4,212$476
37 years$24,147$15,827$10,072$6,258$3,817$401
38 years$23,251$15,042$9,432$5,768$3,461$337
39 years$22,404$14,303$8,836$5,318$3,138$284
40 years$21,601$13,608$8,282$4,905$2,847$239
41 years$20,839$12,954$7,766$4,526$2,583$202
42 years$20,116$12,337$7,285$4,177$2,343$170
43 years$19,428$11,754$6,836$3,856$2,127$143
44 years$18,773$11,204$6,417$3,560$1,930$121
45 years$18,149$10,684$6,025$3,288$1,753$102
46 years$17,553$10,192$5,659$3,037$1,591$86
47 years$16,985$9,727$5,316$2,806$1,445$72
48 years$16,442$9,285$4,996$2,593$1,312$61
49 years$15,923$8,867$4,696$2,396$1,192$51
50 years$15,426$8,470$4,415$2,215$1,082$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $15,800,000, adding $4,622 every year, while hoping to spend $24,743 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: 64/18/18 Blend
63$15,800,000$15,800,000$15,800,000$15,800,000
64$17,416,368$16,578,968$16,334,068$18,452,101
65$19,166,511$17,365,011$16,854,932$19,934,251
66$21,094,339$18,188,741$17,392,417$21,549,501
67$23,217,951$19,051,978$17,947,052$23,313,485
68$25,557,288$19,956,631$18,519,385$25,240,732
69$28,134,328$20,904,703$19,109,981$27,347,223
70$30,973,287$21,898,291$19,719,423$29,650,543
71$34,100,852$22,939,596$20,348,313$32,170,041
72$37,546,429$24,030,927$20,997,272$34,927,009
73$41,342,425$25,174,702$21,666,940$37,944,877
74$45,524,550$26,373,460$22,357,980$41,249,435
75$50,132,155$27,629,860$23,071,073$44,869,065
76$55,208,604$28,946,694$23,806,924$48,835,009
77$60,801,686$30,326,885$24,566,260$53,181,657
78$66,964,058$31,773,503$25,349,830$57,946,870
79$73,753,752$33,289,764$26,158,409$63,172,324
80$81,234,713$34,879,042$26,992,795$68,903,908
81$89,477,413$36,544,874$27,853,812$75,192,142
82$98,559,506$38,290,969$28,742,311$82,092,655
83$108,566,567$40,121,218$29,659,170$89,666,699
84$119,592,899$42,039,700$30,605,295$97,981,722
85$131,742,422$44,050,693$31,581,620$107,111,999
86$145,129,655$46,158,683$32,589,109$117,139,323
87$159,880,794$48,368,373$33,628,759$128,153,774
88$176,134,909$50,684,697$34,701,597$140,254,557
89$194,045,252$53,112,829$35,808,682$153,550,930
90$213,780,704$55,658,194$36,951,109$168,163,230
91$235,527,371$58,326,481$38,130,007$184,224,000
92$259,490,341$61,123,657$39,346,540$201,879,227
93$285,895,618$64,055,978$40,601,912$221,289,712
94$314,992,257$67,130,007$41,897,362$242,632,579
95$347,054,715$70,352,625$43,234,171$266,102,933
96$382,385,440$73,731,048$44,613,660$291,915,696
97$421,317,731$77,272,845$46,037,194$320,307,618
98$464,218,878$80,985,953$47,506,178$351,539,503
99$511,493,634$84,878,696$49,022,066$385,898,656
100$563,588,036$88,959,802$50,586,355$423,701,585