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%15.3%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,310,465
2 years$686,796$674,005$661,609$649,590$637,931$608,669
3 years$453,316$440,470$428,105$416,198$404,730$376,310
4 years$336,599$323,792$311,551$299,847$288,657$261,298
5 years$266,587$253,857$241,776$230,312$219,432$193,211
6 years$219,927$207,293$195,391$184,182$173,629$148,574
7 years$186,612$174,085$162,371$151,426$141,207$117,322
8 years$161,637$149,223$137,703$127,028$117,145$94,422
9 years$142,223$129,925$118,604$108,199$98,653$77,076
10 years$126,700$114,523$103,402$93,269$84,057$63,604
11 years$114,008$101,953$91,033$81,172$72,292$52,936
12 years$103,439$91,507$80,790$71,199$62,647$44,357
13 years$94,503$82,696$72,180$62,858$54,629$37,374
14 years$86,849$75,168$64,854$55,798$47,888$31,632
15 years$80,223$68,668$58,555$49,762$42,164$26,872
16 years$74,430$63,001$53,088$44,557$37,265$22,899
17 years$69,325$58,022$48,308$40,034$33,041$19,564
18 years$64,791$53,615$44,099$36,078$29,379$16,751
19 years$60,740$49,690$40,371$32,600$26,186$14,369
20 years$57,098$46,174$37,050$29,526$23,390$12,345
21 years$53,807$43,009$34,079$26,796$20,931$10,620
22 years$50,820$40,148$31,409$24,364$18,762$9,146
23 years$48,096$37,549$29,001$22,189$16,842$7,885
24 years$45,603$35,181$26,821$20,237$15,138$6,803
25 years$43,313$33,016$24,841$18,482$13,622$5,874
26 years$41,203$31,029$23,039$16,899$12,270$5,075
27 years$39,252$29,202$21,394$15,468$11,062$4,387
28 years$37,444$27,517$19,888$14,172$9,982$3,793
29 years$35,763$25,959$18,508$12,996$9,013$3,282
30 years$34,198$24,516$17,239$11,927$8,144$2,840
31 years$32,736$23,176$16,072$10,954$7,363$2,459
32 years$31,368$21,929$14,995$10,067$6,660$2,129
33 years$30,086$20,767$14,001$9,258$6,028$1,844
34 years$28,882$19,682$13,082$8,518$5,457$1,597
35 years$27,750$18,668$12,231$7,841$4,943$1,384
36 years$26,682$17,719$11,441$7,221$4,479$1,199
37 years$25,675$16,829$10,709$6,654$4,059$1,039
38 years$24,723$15,994$10,028$6,133$3,680$901
39 years$23,822$15,208$9,396$5,655$3,337$781
40 years$22,968$14,469$8,807$5,216$3,027$677
41 years$22,158$13,774$8,258$4,812$2,746$587
42 years$21,389$13,117$7,746$4,441$2,492$509
43 years$20,657$12,498$7,269$4,100$2,261$441
44 years$19,961$11,913$6,823$3,785$2,053$382
45 years$19,297$11,361$6,406$3,496$1,863$332
46 years$18,664$10,838$6,017$3,229$1,692$287
47 years$18,060$10,342$5,653$2,983$1,536$249
48 years$17,483$9,873$5,312$2,757$1,395$216
49 years$16,931$9,428$4,993$2,548$1,267$187
50 years$16,403$9,006$4,694$2,355$1,151$163

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 $6,515 every year, while hoping to spend $55,708 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: 69/14/17 Blend
63$16,800,000$16,800,000$16,800,000$16,800,000
64$18,520,320$17,629,920$17,369,520$19,722,792
65$20,350,120$18,434,513$17,892,126$21,329,590
66$22,364,692$19,276,665$18,430,373$23,079,831
67$24,582,825$20,158,155$18,984,724$24,993,467
68$27,025,221$21,080,852$19,555,660$27,086,598
69$29,714,692$22,046,713$20,143,673$29,376,945
70$32,676,375$23,057,786$20,749,271$31,884,012
71$35,937,969$24,116,222$21,372,976$34,629,268
72$39,529,998$25,224,272$22,015,326$37,636,347
73$43,486,093$26,384,297$22,676,875$40,931,267
74$47,843,317$27,598,771$23,358,193$44,542,673
75$52,642,510$28,870,285$24,059,867$48,502,104
76$57,928,675$30,201,558$24,782,501$52,844,282
77$63,751,402$31,595,436$25,526,717$57,607,446
78$70,165,338$33,054,906$26,293,155$62,833,696
79$77,230,702$34,583,095$27,082,475$68,569,399
80$85,013,851$36,183,284$27,895,355$74,865,611
81$93,587,907$37,858,909$28,732,493$81,778,562
82$103,033,451$39,613,572$29,594,609$89,370,178
83$113,439,276$41,451,051$30,482,442$97,708,662
84$124,903,233$43,375,303$31,396,754$106,869,132
85$137,533,148$45,390,478$32,338,331$116,934,324
86$151,447,842$47,500,925$33,307,978$127,995,370
87$166,778,254$49,711,202$34,306,527$140,152,647
88$183,668,674$52,026,089$35,334,834$153,516,724
89$202,278,107$54,450,595$36,393,779$168,209,395
90$222,781,772$56,989,972$37,484,268$184,364,823
91$245,372,756$59,649,724$38,607,234$202,130,803
92$270,263,838$62,435,622$39,763,638$221,670,142
93$297,689,498$65,353,716$40,954,468$243,162,197
94$327,908,125$68,410,346$42,180,742$266,804,553
95$361,204,463$71,612,162$43,443,505$292,814,883
96$397,892,293$74,966,133$44,743,838$321,432,994
97$438,317,399$78,479,565$46,082,848$352,923,080
98$482,860,828$82,160,118$47,461,678$387,576,210
99$531,942,491$86,015,823$48,881,502$425,713,061
100$586,025,124$90,055,097$50,343,532$467,686,937