Can I retire at age 64 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,291,610
2 years$686,796$674,005$661,609$649,590$637,931$590,046
3 years$453,316$440,470$428,105$416,198$404,730$358,509
4 years$336,599$323,792$311,551$299,847$288,657$244,455
5 years$266,587$253,857$241,776$230,312$219,432$177,364
6 years$219,927$207,293$195,391$184,182$173,629$133,727
7 years$186,612$174,085$162,371$151,426$141,207$103,461
8 years$161,637$149,223$137,703$127,028$117,145$81,523
9 years$142,223$129,925$118,604$108,199$98,653$65,108
10 years$126,700$114,523$103,402$93,269$84,057$52,531
11 years$114,008$101,953$91,033$81,172$72,292$42,720
12 years$103,439$91,507$80,790$71,199$62,647$34,957
13 years$94,503$82,696$72,180$62,858$54,629$28,746
14 years$86,849$75,168$64,854$55,798$47,888$23,732
15 years$80,223$68,668$58,555$49,762$42,164$19,656
16 years$74,430$63,001$53,088$44,557$37,265$16,323
17 years$69,325$58,022$48,308$40,034$33,041$13,584
18 years$64,791$53,615$44,099$36,078$29,379$11,324
19 years$60,740$49,690$40,371$32,600$26,186$9,455
20 years$57,098$46,174$37,050$29,526$23,390$7,903
21 years$53,807$43,009$34,079$26,796$20,931$6,613
22 years$50,820$40,148$31,409$24,364$18,762$5,538
23 years$48,096$37,549$29,001$22,189$16,842$4,641
24 years$45,603$35,181$26,821$20,237$15,138$3,891
25 years$43,313$33,016$24,841$18,482$13,622$3,264
26 years$41,203$31,029$23,039$16,899$12,270$2,740
27 years$39,252$29,202$21,394$15,468$11,062$2,300
28 years$37,444$27,517$19,888$14,172$9,982$1,932
29 years$35,763$25,959$18,508$12,996$9,013$1,623
30 years$34,198$24,516$17,239$11,927$8,144$1,363
31 years$32,736$23,176$16,072$10,954$7,363$1,145
32 years$31,368$21,929$14,995$10,067$6,660$963
33 years$30,086$20,767$14,001$9,258$6,028$809
34 years$28,882$19,682$13,082$8,518$5,457$680
35 years$27,750$18,668$12,231$7,841$4,943$572
36 years$26,682$17,719$11,441$7,221$4,479$481
37 years$25,675$16,829$10,709$6,654$4,059$404
38 years$24,723$15,994$10,028$6,133$3,680$340
39 years$23,822$15,208$9,396$5,655$3,337$286
40 years$22,968$14,469$8,807$5,216$3,027$240
41 years$22,158$13,774$8,258$4,812$2,746$202
42 years$21,389$13,117$7,746$4,441$2,492$170
43 years$20,657$12,498$7,269$4,100$2,261$143
44 years$19,961$11,913$6,823$3,785$2,053$120
45 years$19,297$11,361$6,406$3,496$1,863$101
46 years$18,664$10,838$6,017$3,229$1,692$85
47 years$18,060$10,342$5,653$2,983$1,536$71
48 years$17,483$9,873$5,312$2,757$1,395$60
49 years$16,931$9,428$4,993$2,548$1,267$51
50 years$16,403$9,006$4,694$2,355$1,151$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $16,800,000, adding $2,261 every year, while hoping to spend $52,181 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: 43/41/16 Blend
63$16,800,000$16,800,000$16,800,000$16,800,000
64$18,515,932$17,625,532$17,365,132$19,225,861
65$20,349,037$18,433,663$17,891,344$20,533,090
66$22,367,370$19,279,644$18,433,435$21,943,106
67$24,589,769$20,165,273$18,991,882$23,469,582
68$27,036,991$21,092,438$19,567,176$25,123,247
69$29,731,911$22,063,114$20,159,823$26,915,873
70$32,699,733$23,079,373$20,770,344$28,860,381
71$35,968,230$24,143,387$21,399,275$30,970,954
72$39,568,008$25,257,431$22,047,169$33,263,166
73$43,532,789$26,423,890$22,714,594$35,754,116
74$47,899,738$27,645,265$23,402,137$38,462,586
75$52,709,803$28,924,174$24,110,400$41,409,208
76$58,008,110$30,263,366$24,840,006$44,616,650
77$63,844,384$31,665,718$25,591,593$48,109,817
78$70,273,420$33,134,248$26,365,821$51,916,083
79$77,355,602$34,672,118$27,163,368$56,065,532
80$85,157,465$36,282,644$27,984,934$60,591,235
81$93,752,334$37,969,301$28,831,236$65,529,552
82$103,221,008$39,735,732$29,703,018$70,920,458
83$113,652,522$41,585,755$30,601,041$76,807,915
84$125,144,995$43,523,373$31,526,091$83,240,266
85$137,806,548$45,552,781$32,478,979$90,270,686
86$151,756,327$47,678,378$33,460,535$97,957,662
87$167,125,629$49,904,775$34,471,620$106,365,536
88$184,059,139$52,236,806$35,513,116$115,565,093
89$202,716,299$54,679,537$36,585,932$125,634,218
90$223,272,807$57,238,280$37,691,007$136,658,605
91$245,922,282$59,918,605$38,829,304$148,732,558
92$270,878,087$62,726,348$40,001,818$161,959,856
93$298,375,342$65,667,630$41,209,570$176,454,715
94$328,673,151$68,748,867$42,453,613$192,342,848
95$362,057,036$71,976,785$43,735,034$209,762,625
96$398,841,644$75,358,438$45,054,947$228,866,362
97$439,373,707$78,901,217$46,414,504$249,821,733
98$484,035,323$82,612,874$47,814,887$272,813,327
99$533,247,556$86,501,536$49,257,316$298,044,368
100$587,474,418$90,575,721$50,743,047$325,738,604