Can I retire at age 64 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,238,778
2 years$658,180$645,922$634,042$622,523$611,351$566,428
3 years$434,428$422,117$410,267$398,857$387,866$344,491
4 years$322,574$310,301$298,569$287,354$276,629$235,133
5 years$255,479$243,280$231,702$220,715$210,289$170,781
6 years$210,764$198,656$187,250$176,508$166,395$128,905
7 years$178,837$166,831$155,605$145,117$135,323$99,844
8 years$154,902$143,005$131,966$121,735$112,264$78,766
9 years$136,297$124,512$113,662$103,691$94,542$62,984
10 years$121,421$109,751$99,093$89,383$80,555$50,882
11 years$109,257$97,705$87,240$77,790$69,280$41,432
12 years$99,129$87,694$77,423$68,232$60,036$33,948
13 years$90,565$79,250$69,173$60,239$52,353$27,955
14 years$83,231$72,036$62,152$53,473$45,892$23,111
15 years$76,880$65,806$56,115$47,689$40,407$19,169
16 years$71,329$60,376$50,876$42,700$35,712$15,941
17 years$66,436$55,604$46,295$38,366$31,665$13,286
18 years$62,092$51,381$42,262$34,575$28,155$11,093
19 years$58,209$47,619$38,689$31,242$25,095$9,275
20 years$54,719$44,250$35,506$28,295$22,415$7,765
21 years$51,565$41,217$32,659$25,680$20,059$6,507
22 years$48,702$38,475$30,100$23,349$17,980$5,458
23 years$46,092$35,985$27,792$21,264$16,140$4,581
24 years$43,703$33,715$25,703$19,394$14,507$3,847
25 years$41,508$31,640$23,806$17,712$13,054$3,233
26 years$39,486$29,737$22,079$16,195$11,759$2,718
27 years$37,616$27,986$20,502$14,824$10,601$2,285
28 years$35,883$26,371$19,060$13,582$9,566$1,922
29 years$34,273$24,878$17,737$12,455$8,638$1,617
30 years$32,773$23,494$16,521$11,430$7,805$1,361
31 years$31,372$22,210$15,402$10,498$7,056$1,146
32 years$30,061$21,015$14,370$9,648$6,383$964
33 years$28,833$19,902$13,418$8,872$5,777$812
34 years$27,679$18,862$12,537$8,163$5,230$684
35 years$26,593$17,891$11,721$7,514$4,737$576
36 years$25,571$16,981$10,965$6,921$4,292$485
37 years$24,605$16,128$10,263$6,376$3,890$408
38 years$23,693$15,327$9,611$5,877$3,527$344
39 years$22,829$14,575$9,004$5,419$3,198$290
40 years$22,011$13,867$8,440$4,998$2,901$244
41 years$21,235$13,200$7,914$4,612$2,632$205
42 years$20,498$12,571$7,423$4,256$2,388$173
43 years$19,797$11,978$6,966$3,929$2,167$146
44 years$19,129$11,417$6,539$3,628$1,967$123
45 years$18,493$10,887$6,139$3,350$1,786$103
46 years$17,887$10,386$5,766$3,095$1,621$87
47 years$17,308$9,911$5,417$2,859$1,472$73
48 years$16,754$9,462$5,091$2,642$1,337$62
49 years$16,225$9,035$4,785$2,442$1,214$52
50 years$15,719$8,631$4,499$2,257$1,103$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $16,100,000, adding $3,955 every year, while hoping to spend $28,182 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: 71/10/19 Blend
63$16,100,000$16,100,000$16,100,000$16,100,000
64$17,746,280$16,892,980$16,643,430$18,924,963
65$19,526,415$17,690,750$17,170,999$20,507,910
66$21,487,179$18,526,667$17,715,298$22,236,699
67$23,646,967$19,402,569$18,276,856$24,128,794
68$26,026,048$20,320,386$18,856,221$26,200,365
69$28,646,759$21,282,139$19,453,959$28,469,211
70$31,533,714$22,289,949$20,070,651$30,954,928
71$34,714,034$23,346,038$20,706,900$33,679,087
72$38,217,610$24,452,738$21,363,325$36,665,442
73$42,077,377$25,612,493$22,040,567$39,940,143
74$46,329,629$26,827,865$22,739,286$43,531,989
75$51,014,363$28,101,542$23,460,163$47,472,686
76$56,175,651$29,436,340$24,203,902$51,797,154
77$61,862,062$30,835,216$24,971,228$56,543,845
78$68,127,117$32,301,266$25,762,888$61,755,107
79$75,029,794$33,837,739$26,579,656$67,477,578
80$82,635,085$35,448,041$27,422,327$73,762,624
81$91,014,613$37,135,743$28,291,724$80,666,819
82$100,247,301$38,904,592$29,188,694$88,252,474
83$110,420,122$40,758,514$30,114,112$96,588,223
84$121,628,921$42,701,627$31,068,881$105,749,665
85$133,979,314$44,738,251$32,053,932$115,820,074
86$147,587,692$46,872,912$33,070,226$126,891,178
87$162,582,312$49,110,361$34,118,754$139,064,023
88$179,104,515$51,455,575$35,200,539$152,449,919
89$197,310,054$53,913,778$36,316,637$167,171,487
90$217,370,571$56,490,444$37,468,135$183,363,809
91$239,475,209$59,191,316$38,656,158$201,175,699
92$263,832,405$62,022,415$39,881,863$220,771,101
93$290,671,853$64,990,055$41,146,448$242,330,630
94$320,246,673$68,100,859$42,451,146$266,053,270
95$352,835,803$71,361,771$43,797,229$292,158,245
96$388,746,630$74,780,072$45,186,010$320,887,082
97$428,317,891$78,363,400$46,618,846$352,505,884
98$471,922,872$82,119,763$48,097,133$387,307,833
99$519,972,932$86,057,559$49,622,315$425,615,948
100$572,921,387$90,185,595$51,195,879$467,786,129