Can I retire at age 64 with 16,500,000?

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 $16,500,000?

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$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,269,555
2 years$674,532$661,969$649,794$637,990$626,540$580,501
3 years$445,221$432,604$420,460$408,766$397,502$353,049
4 years$330,588$318,010$305,987$294,493$283,502$240,975
5 years$261,826$249,324$237,459$226,199$215,514$175,024
6 years$216,000$203,592$191,902$180,893$170,529$132,107
7 years$183,280$170,976$159,471$148,722$138,686$102,325
8 years$158,751$146,558$135,244$124,759$115,053$80,723
9 years$139,683$127,605$116,486$106,267$96,891$64,548
10 years$124,437$112,478$101,555$91,603$82,556$52,146
11 years$111,972$100,132$89,407$79,722$71,001$42,462
12 years$101,592$89,873$79,347$69,927$61,528$34,792
13 years$92,815$81,219$70,891$61,735$53,654$28,649
14 years$85,299$73,826$63,696$54,802$47,032$23,686
15 years$78,790$67,441$57,509$48,873$41,411$19,645
16 years$73,101$61,876$52,140$43,761$36,599$16,337
17 years$68,087$56,986$47,446$39,319$32,451$13,616
18 years$63,634$52,657$43,312$35,434$28,854$11,368
19 years$59,655$48,802$39,650$32,018$25,718$9,506
20 years$56,078$45,349$36,389$28,998$22,972$7,958
21 years$52,846$42,241$33,470$26,318$20,558$6,669
22 years$49,912$39,431$30,848$23,929$18,427$5,594
23 years$47,237$36,879$28,483$21,793$16,541$4,695
24 years$44,789$34,553$26,342$19,876$14,867$3,943
25 years$42,540$32,426$24,398$18,152$13,378$3,313
26 years$40,467$30,475$22,628$16,597$12,051$2,785
27 years$38,551$28,681$21,012$15,192$10,865$2,342
28 years$36,775$27,026$19,533$13,919$9,804$1,970
29 years$35,124$25,496$18,177$12,764$8,852$1,657
30 years$33,587$24,078$16,932$11,714$7,999$1,395
31 years$32,151$22,762$15,785$10,759$7,232$1,174
32 years$30,808$21,537$14,727$9,887$6,541$988
33 years$29,549$20,396$13,751$9,092$5,920$832
34 years$28,367$19,331$12,848$8,366$5,360$701
35 years$27,254$18,335$12,012$7,701$4,855$590
36 years$26,206$17,403$11,237$7,092$4,399$497
37 years$25,216$16,529$10,518$6,535$3,987$418
38 years$24,281$15,708$9,849$6,023$3,614$352
39 years$23,397$14,937$9,228$5,554$3,277$297
40 years$22,558$14,211$8,649$5,123$2,973$250
41 years$21,763$13,528$8,110$4,726$2,697$211
42 years$21,007$12,883$7,608$4,362$2,447$177
43 years$20,288$12,275$7,139$4,026$2,221$149
44 years$19,604$11,701$6,701$3,718$2,016$126
45 years$18,953$11,158$6,292$3,433$1,830$106
46 years$18,331$10,644$5,910$3,171$1,662$89
47 years$17,738$10,158$5,552$2,930$1,509$75
48 years$17,171$9,697$5,217$2,707$1,370$63
49 years$16,629$9,260$4,904$2,502$1,245$53
50 years$16,110$8,846$4,610$2,313$1,130$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $16,500,000, adding $6,673 every year, while hoping to spend $38,843 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: 55/17/28 Blend
63$16,500,000$16,500,000$16,500,000$16,500,000
64$18,189,883$17,315,383$17,059,633$19,048,949
65$20,003,923$18,122,508$17,589,802$20,449,352
66$22,001,692$18,967,881$18,136,430$21,969,235
67$24,201,891$19,853,334$18,700,027$23,623,871
68$26,625,126$20,780,788$19,281,120$25,426,245
69$29,294,101$21,752,260$19,880,250$27,390,635
70$32,233,839$22,769,859$20,497,977$29,532,745
71$35,471,909$23,835,801$21,134,878$31,869,848
72$39,038,694$24,952,406$21,791,547$34,420,943
73$42,967,674$26,122,107$22,468,597$37,206,934
74$47,295,741$27,347,455$23,166,659$40,250,821
75$52,063,550$28,631,123$23,886,386$43,577,908
76$57,315,901$29,975,917$24,628,448$47,216,044
77$63,102,160$31,384,774$25,393,538$51,195,874
78$69,476,729$32,860,776$26,182,370$55,551,127
79$76,499,555$34,407,154$26,995,680$60,318,927
80$84,236,700$36,027,295$27,834,225$65,540,137
81$92,760,961$37,724,750$28,698,789$71,259,739
82$102,152,558$39,503,242$29,590,178$77,527,252
83$112,499,892$41,366,674$30,509,222$84,397,193
84$123,900,379$43,319,139$31,456,779$91,929,583
85$136,461,369$45,364,928$32,433,733$100,190,509
86$150,301,159$47,508,540$33,440,993$109,252,736
87$165,550,111$49,754,693$34,479,500$119,196,390
88$182,351,881$52,108,331$35,550,222$130,109,702
89$200,864,774$54,574,640$36,654,155$142,089,836
90$221,263,242$57,159,058$37,792,330$155,243,794
91$243,739,526$59,867,286$38,965,807$169,689,418
92$268,505,476$62,705,301$40,175,680$185,556,491
93$295,794,545$65,679,372$41,423,076$202,987,956
94$325,863,997$68,796,069$42,709,157$222,141,246
95$358,997,333$72,062,284$44,035,122$243,189,769
96$395,506,968$75,485,243$45,402,206$266,324,525
97$435,737,181$79,072,523$46,811,682$291,755,902
98$480,067,363$82,832,066$48,264,863$319,715,646
99$528,915,601$86,772,204$49,763,103$350,459,036
100$582,742,623$90,901,673$51,307,797$384,267,281