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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.9%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,309,742
2 years$690,884$678,017$665,547$653,456$641,728$603,846
3 years$456,014$443,092$430,653$418,676$407,139$370,448
4 years$338,602$325,719$313,405$301,632$290,375$255,158
5 years$268,174$255,368$243,215$231,683$220,738$187,091
6 years$221,236$208,527$196,554$185,278$174,663$142,617
7 years$187,723$175,121$163,337$152,328$142,048$111,603
8 years$162,599$150,111$138,523$127,784$117,842$88,983
9 years$143,069$130,698$119,310$108,843$99,240$71,938
10 years$127,454$115,204$104,017$93,824$84,558$58,776
11 years$114,686$102,560$91,575$81,655$72,722$48,420
12 years$104,054$92,052$81,270$71,622$63,020$40,151
13 years$95,065$83,188$72,610$63,232$54,954$33,468
14 years$87,366$75,616$65,240$56,130$48,173$28,018
15 years$80,700$69,076$58,903$50,058$42,415$23,536
16 years$74,873$63,376$53,404$44,822$37,487$19,829
17 years$69,737$58,367$48,596$40,272$33,238$16,745
18 years$65,177$53,934$44,362$36,293$29,554$14,170
19 years$61,101$49,985$40,611$32,794$26,342$12,010
20 years$57,438$46,449$37,271$29,701$23,529$10,194
21 years$54,127$43,265$34,282$26,956$21,056$8,662
22 years$51,122$40,386$31,596$24,509$18,874$7,368
23 years$48,382$37,773$29,173$22,321$16,942$6,273
24 years$45,874$35,391$26,980$20,358$15,228$5,344
25 years$43,571$33,212$24,989$18,592$13,703$4,556
26 years$41,448$31,214$23,176$17,000$12,343$3,886
27 years$39,485$29,376$21,521$15,560$11,128$3,315
28 years$37,666$27,681$20,007$14,256$10,041$2,830
29 years$35,976$26,114$18,618$13,073$9,067$2,416
30 years$34,401$24,662$17,342$11,998$8,193$2,064
31 years$32,931$23,314$16,167$11,019$7,407$1,763
32 years$31,555$22,059$15,084$10,127$6,700$1,506
33 years$30,265$20,891$14,084$9,313$6,064$1,287
34 years$29,054$19,800$13,160$8,568$5,490$1,100
35 years$27,915$18,780$12,303$7,888$4,972$941
36 years$26,841$17,825$11,510$7,264$4,505$804
37 years$25,828$16,929$10,773$6,693$4,083$688
38 years$24,870$16,089$10,088$6,169$3,702$588
39 years$23,964$15,299$9,452$5,688$3,357$503
40 years$23,105$14,556$8,859$5,247$3,045$430
41 years$22,290$13,856$8,307$4,841$2,762$368
42 years$21,516$13,196$7,792$4,467$2,507$314
43 years$20,780$12,573$7,312$4,124$2,275$269
44 years$20,080$11,984$6,863$3,808$2,065$230
45 years$19,412$11,428$6,445$3,517$1,875$197
46 years$18,775$10,902$6,053$3,248$1,702$168
47 years$18,168$10,404$5,687$3,001$1,545$144
48 years$17,587$9,932$5,344$2,773$1,404$123
49 years$17,032$9,484$5,023$2,563$1,275$105
50 years$16,500$9,060$4,722$2,369$1,158$90

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 $2,454 every year, while hoping to spend $28,199 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: 43/27/30 Blend
63$16,900,000$16,900,000$16,900,000$16,900,000
64$18,626,331$17,730,631$17,468,681$19,264,115
65$20,496,214$18,569,429$18,023,879$20,562,073
66$22,555,879$19,448,382$18,596,730$21,964,688
67$24,824,655$20,369,429$19,187,797$23,483,964
68$27,323,841$21,334,602$19,797,659$25,130,749
69$30,076,906$22,346,031$20,426,914$26,916,954
70$33,109,714$23,405,951$21,076,179$28,855,658
71$36,450,765$24,516,702$21,746,092$30,961,227
72$40,131,465$25,680,742$22,437,307$33,249,442
73$44,186,421$26,900,646$23,150,504$35,737,643
74$48,653,772$28,179,114$23,886,382$38,444,883
75$53,575,544$29,518,977$24,645,663$41,392,102
76$58,998,047$30,923,205$25,429,091$44,602,317
77$64,972,317$32,394,911$26,237,434$48,100,831
78$71,554,590$33,937,358$27,071,485$51,915,465
79$78,806,841$35,553,972$27,932,063$56,076,807
80$86,797,363$37,248,340$28,820,011$60,618,498
81$95,601,413$39,024,228$29,736,200$65,577,535
82$105,301,924$40,885,582$30,681,529$70,994,614
83$115,990,285$42,836,541$31,656,926$76,914,500
84$127,767,208$44,881,445$32,663,347$83,386,443
85$140,743,673$47,024,846$33,701,779$90,464,626
86$155,041,981$49,271,516$34,773,241$98,208,671
87$170,796,903$51,626,460$35,878,784$106,684,185
88$188,156,957$54,094,926$37,019,493$115,963,366
89$207,285,807$56,682,419$38,196,488$126,125,676
90$228,363,811$59,394,709$39,410,922$137,258,569
91$251,589,720$62,237,849$40,663,987$149,458,312
92$277,182,554$65,218,187$41,956,913$162,830,867
93$305,383,674$68,342,377$43,290,969$177,492,885
94$336,459,055$71,617,400$44,667,464$193,572,783
95$370,701,803$75,050,577$46,087,747$211,211,945
96$408,434,914$78,649,582$47,553,214$230,566,032
97$450,014,330$82,422,467$49,065,302$251,806,438
98$495,832,298$86,377,674$50,625,496$275,121,882
99$546,321,068$90,524,056$52,235,325$300,720,175
100$601,956,979$94,870,897$53,896,372$328,830,153