Can I retire at age 64 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,298,266
2 years$690,884$678,017$665,547$653,456$641,728$592,545
3 years$456,014$443,092$430,653$418,676$407,139$359,682
4 years$338,602$325,719$313,405$301,632$290,375$245,007
5 years$268,174$255,368$243,215$231,683$220,738$177,578
6 years$221,236$208,527$196,554$185,278$174,663$133,740
7 years$187,723$175,121$163,337$152,328$142,048$103,353
8 years$162,599$150,111$138,523$127,784$117,842$81,341
9 years$143,069$130,698$119,310$108,843$99,240$64,883
10 years$127,454$115,204$104,017$93,824$84,558$52,284
11 years$114,686$102,560$91,575$81,655$72,722$42,463
12 years$104,054$92,052$81,270$71,622$63,020$34,701
13 years$95,065$83,188$72,610$63,232$54,954$28,496
14 years$87,366$75,616$65,240$56,130$48,173$23,493
15 years$80,700$69,076$58,903$50,058$42,415$19,430
16 years$74,873$63,376$53,404$44,822$37,487$16,112
17 years$69,737$58,367$48,596$40,272$33,238$13,389
18 years$65,177$53,934$44,362$36,293$29,554$11,145
19 years$61,101$49,985$40,611$32,794$26,342$9,291
20 years$57,438$46,449$37,271$29,701$23,529$7,754
21 years$54,127$43,265$34,282$26,956$21,056$6,478
22 years$51,122$40,386$31,596$24,509$18,874$5,417
23 years$48,382$37,773$29,173$22,321$16,942$4,532
24 years$45,874$35,391$26,980$20,358$15,228$3,794
25 years$43,571$33,212$24,989$18,592$13,703$3,178
26 years$41,448$31,214$23,176$17,000$12,343$2,663
27 years$39,485$29,376$21,521$15,560$11,128$2,232
28 years$37,666$27,681$20,007$14,256$10,041$1,871
29 years$35,976$26,114$18,618$13,073$9,067$1,569
30 years$34,401$24,662$17,342$11,998$8,193$1,316
31 years$32,931$23,314$16,167$11,019$7,407$1,104
32 years$31,555$22,059$15,084$10,127$6,700$926
33 years$30,265$20,891$14,084$9,313$6,064$777
34 years$29,054$19,800$13,160$8,568$5,490$652
35 years$27,915$18,780$12,303$7,888$4,972$548
36 years$26,841$17,825$11,510$7,264$4,505$460
37 years$25,828$16,929$10,773$6,693$4,083$386
38 years$24,870$16,089$10,088$6,169$3,702$324
39 years$23,964$15,299$9,452$5,688$3,357$272
40 years$23,105$14,556$8,859$5,247$3,045$228
41 years$22,290$13,856$8,307$4,841$2,762$192
42 years$21,516$13,196$7,792$4,467$2,507$161
43 years$20,780$12,573$7,312$4,124$2,275$135
44 years$20,080$11,984$6,863$3,808$2,065$113
45 years$19,412$11,428$6,445$3,517$1,875$95
46 years$18,775$10,902$6,053$3,248$1,702$80
47 years$18,168$10,404$5,687$3,001$1,545$67
48 years$17,587$9,932$5,344$2,773$1,404$56
49 years$17,032$9,484$5,023$2,563$1,275$47
50 years$16,500$9,060$4,722$2,369$1,158$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $16,900,000, adding $5,687 every year, while hoping to spend $31,330 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: 45/26/29 Blend
63$16,900,000$16,900,000$16,900,000$16,900,000
64$18,629,666$17,733,966$17,472,016$19,311,438
65$20,496,557$18,569,596$18,023,994$20,633,254
66$22,552,821$19,445,121$18,593,413$22,062,481
67$24,817,741$20,362,464$19,180,824$23,611,981
68$27,312,565$21,323,639$19,786,796$25,293,011
69$30,060,709$22,330,760$20,411,916$27,117,934
70$33,087,975$23,386,041$21,056,789$29,100,332
71$36,422,796$24,491,804$21,722,039$31,255,124
72$40,096,503$25,650,485$22,408,310$33,598,707
73$44,143,625$26,864,636$23,116,266$36,149,096
74$48,602,206$28,136,936$23,846,593$38,926,096
75$53,514,175$29,470,190$24,599,998$41,951,475
76$58,925,733$30,867,341$25,377,210$45,249,165
77$64,887,793$32,331,476$26,178,981$48,845,483
78$71,456,460$33,865,830$27,006,089$52,769,365
79$78,693,559$35,473,796$27,859,333$57,052,637
80$86,667,221$37,158,931$28,739,540$61,730,302
81$95,452,525$38,924,966$29,647,562$66,840,864
82$105,132,205$40,775,812$30,584,278$72,426,683
83$115,797,434$42,715,570$31,550,594$78,534,360
84$127,548,680$44,748,541$32,547,448$85,215,173
85$140,496,661$46,879,235$33,575,802$92,525,545
86$154,763,383$49,112,380$34,636,655$100,527,568
87$170,483,297$51,452,936$35,731,032$109,289,575
88$187,804,565$53,906,101$36,859,993$118,886,777
89$206,890,459$56,477,329$38,024,631$129,401,954
90$227,920,904$59,172,336$39,226,074$140,926,230
91$251,094,175$61,997,119$40,465,486$153,559,912
92$276,628,767$64,957,964$41,744,066$167,413,427
93$304,765,461$68,061,464$43,063,052$182,608,349
94$335,769,596$71,314,534$44,423,723$199,278,526
95$369,933,572$74,724,423$45,827,394$217,571,333
96$407,579,611$78,298,734$47,275,426$237,649,040
97$449,062,799$82,045,440$48,769,221$259,690,330
98$494,774,440$85,972,902$50,310,225$283,891,964
99$545,145,745$90,089,887$51,899,931$310,470,619
100$600,651,910$94,405,590$53,539,877$339,664,914