Can I retire at age 64 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,256,278
2 years$654,092$641,910$630,104$618,657$607,554$587,870
3 years$431,730$419,495$407,719$396,379$385,457$366,286
4 years$320,570$308,373$296,715$285,569$274,911$256,402
5 years$253,892$241,768$230,263$219,344$208,983$191,188
6 years$209,455$197,422$186,087$175,411$165,361$148,301
7 years$177,726$165,795$154,639$144,215$134,483$118,164
8 years$153,940$142,117$131,146$120,979$111,567$95,986
9 years$135,450$123,738$112,956$103,047$93,955$79,104
10 years$120,667$109,069$98,478$88,828$80,054$65,922
11 years$108,579$97,098$86,698$77,307$68,850$55,421
12 years$98,513$87,150$76,942$67,808$59,664$46,923
13 years$90,002$78,758$68,743$59,865$52,028$39,956
14 years$82,714$71,589$61,766$53,141$45,607$34,186
15 years$76,403$65,398$55,766$47,392$40,156$29,364
16 years$70,886$60,001$50,560$42,435$35,490$25,305
17 years$66,023$55,259$46,008$38,127$31,468$21,869
18 years$61,706$51,062$41,999$34,360$27,980$18,944
19 years$57,847$47,323$38,448$31,048$24,939$16,443
20 years$54,379$43,975$35,286$28,120$22,276$14,297
21 years$51,245$40,961$32,456$25,520$19,935$12,450
22 years$48,400$38,236$29,913$23,204$17,869$10,855
23 years$45,806$35,761$27,620$21,132$16,040$9,475
24 years$43,431$33,506$25,544$19,274$14,417$8,279
25 years$41,250$31,444$23,659$17,602$12,973$7,239
26 years$39,241$29,552$21,942$16,094$11,686$6,335
27 years$37,383$27,812$20,375$14,731$10,536$5,547
28 years$35,661$26,207$18,941$13,497$9,506$4,860
29 years$34,060$24,723$17,627$12,377$8,584$4,260
30 years$32,569$23,348$16,418$11,359$7,756$3,735
31 years$31,177$22,072$15,306$10,433$7,012$3,277
32 years$29,875$20,885$14,281$9,588$6,343$2,875
33 years$28,654$19,778$13,334$8,817$5,741$2,524
34 years$27,507$18,745$12,459$8,112$5,197$2,216
35 years$26,428$17,779$11,648$7,468$4,708$1,946
36 years$25,412$16,875$10,897$6,878$4,265$1,709
37 years$24,452$16,028$10,199$6,337$3,866$1,501
38 years$23,546$15,232$9,551$5,841$3,505$1,319
39 years$22,688$14,484$8,948$5,385$3,178$1,159
40 years$21,875$13,780$8,387$4,967$2,883$1,018
41 years$21,103$13,118$7,864$4,583$2,615$895
42 years$20,370$12,493$7,377$4,230$2,373$787
43 years$19,674$11,903$6,922$3,904$2,154$692
44 years$19,010$11,346$6,498$3,605$1,955$608
45 years$18,378$10,820$6,101$3,329$1,775$534
46 years$17,776$10,322$5,731$3,075$1,611$470
47 years$17,200$9,850$5,384$2,841$1,463$413
48 years$16,650$9,403$5,059$2,625$1,329$363
49 years$16,125$8,979$4,755$2,426$1,207$319
50 years$15,622$8,577$4,471$2,243$1,096$281

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $16,000,000, adding $4,104 every year, while hoping to spend $22,189 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: 47/28/25 Blend
63$16,000,000$16,000,000$16,000,000$16,000,000
64$17,636,233$16,788,233$16,540,233$18,338,837
65$19,411,520$17,587,248$17,070,722$19,632,030
66$21,367,143$18,424,670$17,618,239$21,032,410
67$23,521,471$19,302,359$18,183,330$22,552,077
68$25,894,751$20,222,264$18,766,561$24,202,235
69$28,509,288$21,186,428$19,368,513$25,995,190
70$31,389,666$22,196,994$19,989,789$27,944,457
71$34,562,975$23,256,209$20,631,010$30,064,890
72$38,059,065$24,366,430$21,292,815$32,372,805
73$41,910,832$25,530,128$21,975,867$34,886,139
74$46,154,527$26,749,893$22,680,848$37,624,604
75$50,830,095$28,028,445$23,408,463$40,609,870
76$55,981,557$29,368,631$24,159,439$43,865,763
77$61,657,422$30,773,440$24,934,527$47,418,477
78$67,911,146$32,246,006$25,734,501$51,296,822
79$74,801,638$33,789,615$26,560,161$55,532,480
80$82,393,811$35,407,712$27,412,333$60,160,298
81$90,759,202$37,103,912$28,291,868$65,218,609
82$99,976,641$38,882,005$29,199,646$70,749,584
83$110,132,999$40,745,963$30,136,575$76,799,617
84$121,324,006$42,699,957$31,103,591$83,419,758
85$133,655,155$44,748,355$32,101,662$90,666,179
86$147,242,698$46,895,742$33,131,785$98,600,697
87$162,214,745$49,146,924$34,194,991$107,291,341
88$178,712,468$51,506,943$35,292,343$116,812,989
89$196,891,442$53,981,086$36,424,939$127,248,052
90$216,923,106$56,574,896$37,593,911$138,687,249
91$238,996,385$59,294,187$38,800,429$151,230,440
92$263,319,472$62,145,059$40,045,699$164,987,561
93$290,121,796$65,133,905$41,330,968$180,079,643
94$319,656,185$68,267,432$42,657,521$196,639,936
95$352,201,254$71,552,674$44,026,686$214,815,156
96$388,064,034$74,997,007$45,439,832$234,766,848
97$427,582,872$78,608,167$46,898,374$256,672,892
98$471,130,626$82,394,268$48,403,770$280,729,166
99$519,118,181$86,363,818$49,957,527$307,151,374
100$571,998,332$90,525,742$51,561,201$336,177,058