Can I retire at age 64 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,251,181
2 years$666,356$653,946$641,918$630,257$618,945$570,534
3 years$439,824$427,361$415,363$403,811$392,684$345,989
4 years$326,581$314,155$302,278$290,923$280,066$235,442
5 years$258,653$246,302$234,580$223,457$212,901$170,465
6 years$213,382$201,124$189,576$178,700$168,462$128,242
7 years$181,058$168,903$157,538$146,919$137,004$98,991
8 years$156,827$144,781$133,605$123,247$113,658$77,816
9 years$137,990$126,058$115,074$104,979$95,717$61,995
10 years$122,929$111,114$100,324$90,493$81,556$49,893
11 years$110,615$98,918$88,324$78,756$70,140$40,469
12 years$100,360$88,784$78,385$69,080$60,782$33,027
13 years$91,690$80,235$70,032$60,987$53,003$27,084
14 years$84,265$72,931$62,924$54,137$46,462$22,298
15 years$77,835$66,624$56,812$48,281$40,909$18,416
16 years$72,215$61,126$51,508$43,230$36,156$15,248
17 years$67,261$56,295$46,870$38,842$32,058$12,652
18 years$62,863$52,019$42,787$35,005$28,505$10,516
19 years$58,932$48,211$39,169$31,630$25,407$8,753
20 years$55,399$44,800$35,948$28,647$22,694$7,294
21 years$52,206$41,729$33,065$25,999$20,308$6,085
22 years$49,307$38,953$30,474$23,639$18,204$5,080
23 years$46,665$36,432$28,138$21,528$16,341$4,243
24 years$44,246$34,134$26,023$19,635$14,687$3,547
25 years$42,024$32,033$24,102$17,932$13,216$2,966
26 years$39,976$30,106$22,353$16,396$11,905$2,481
27 years$38,084$28,333$20,757$15,008$10,733$2,076
28 years$36,329$26,698$19,296$13,750$9,685$1,738
29 years$34,699$25,187$17,957$12,609$8,745$1,455
30 years$33,180$23,786$16,726$11,572$7,902$1,219
31 years$31,762$22,486$15,593$10,628$7,144$1,021
32 years$30,435$21,276$14,549$9,768$6,462$855
33 years$29,191$20,149$13,584$8,982$5,848$716
34 years$28,023$19,097$12,692$8,264$5,295$600
35 years$26,924$18,113$11,867$7,608$4,796$503
36 years$25,888$17,192$11,101$7,007$4,345$421
37 years$24,911$16,328$10,390$6,456$3,938$353
38 years$23,987$15,518$9,730$5,950$3,570$296
39 years$23,113$14,756$9,116$5,486$3,238$248
40 years$22,285$14,039$8,544$5,060$2,937$208
41 years$21,499$13,364$8,012$4,669$2,664$174
42 years$20,752$12,727$7,515$4,309$2,418$146
43 years$20,042$12,126$7,052$3,978$2,194$122
44 years$19,367$11,559$6,620$3,673$1,992$103
45 years$18,723$11,023$6,216$3,392$1,808$86
46 years$18,109$10,515$5,838$3,133$1,642$72
47 years$17,523$10,035$5,485$2,895$1,491$60
48 years$16,963$9,579$5,154$2,675$1,354$51
49 years$16,427$9,148$4,845$2,472$1,229$42
50 years$15,914$8,738$4,555$2,285$1,117$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $16,300,000, adding $6,303 every year, while hoping to spend $48,325 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: 71/16/13 Blend
63$16,300,000$16,300,000$16,300,000$16,300,000
64$17,969,102$17,105,202$16,852,552$19,193,996
65$19,750,532$17,891,939$17,365,695$20,793,713
66$21,712,050$18,715,607$17,894,408$22,537,860
67$23,871,971$19,577,964$18,439,163$24,445,896
68$26,250,481$20,480,853$19,000,444$26,533,987
69$28,869,822$21,426,206$19,578,750$28,819,929
70$31,754,501$22,416,048$20,174,596$31,323,305
71$34,931,527$23,452,501$20,788,512$34,065,674
72$38,430,658$24,537,789$21,421,043$37,070,768
73$42,284,688$25,674,244$22,072,751$40,364,711
74$46,529,754$26,864,310$22,744,215$43,976,266
75$51,205,675$28,110,547$23,436,033$47,937,100
76$56,356,332$29,415,642$24,148,818$52,282,076
77$62,030,077$30,782,408$24,883,203$57,049,587
78$68,280,195$32,213,795$25,639,840$62,281,905
79$75,165,401$33,712,897$26,419,400$68,025,580
80$82,750,397$35,282,954$27,222,576$74,331,874
81$91,106,484$36,927,366$28,050,078$81,257,238
82$100,312,231$38,649,693$28,902,642$88,863,846
83$110,454,221$40,453,670$29,781,023$97,220,168
84$121,627,863$42,343,211$30,685,998$106,401,617
85$133,938,297$44,322,420$31,618,371$116,491,253
86$147,501,383$46,395,599$32,578,967$127,580,562
87$162,444,798$48,567,257$33,568,636$139,770,309
88$178,909,237$50,842,122$34,588,254$153,171,491
89$197,049,743$53,225,150$35,638,725$167,906,368
90$217,037,171$55,721,537$36,720,977$184,109,620
91$239,059,801$58,336,730$37,835,967$201,929,602
92$263,325,110$61,076,440$38,984,682$221,529,741
93$290,061,740$63,946,653$40,168,137$243,090,071
94$319,521,646$66,953,648$41,387,378$266,808,922
95$351,982,481$70,104,004$42,643,482$292,904,785
96$387,750,214$73,404,620$43,937,559$321,618,364
97$427,162,020$76,862,731$45,270,752$353,214,838
98$470,589,461$80,485,919$46,644,237$387,986,356
99$518,441,993$84,282,137$48,059,226$426,254,784
100$571,170,835$88,259,720$49,516,969$468,374,730