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%17.5%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,306,585
2 years$690,884$678,017$665,547$653,456$641,728$600,729
3 years$456,014$443,092$430,653$418,676$407,139$367,470
4 years$338,602$325,719$313,405$301,632$290,375$252,341
5 years$268,174$255,368$243,215$231,683$220,738$184,442
6 years$221,236$208,527$196,554$185,278$174,663$140,136
7 years$187,723$175,121$163,337$152,328$142,048$109,289
8 years$162,599$150,111$138,523$127,784$117,842$86,831
9 years$143,069$130,698$119,310$108,843$99,240$69,943
10 years$127,454$115,204$104,017$93,824$84,558$56,932
11 years$114,686$102,560$91,575$81,655$72,722$46,720
12 years$104,054$92,052$81,270$71,622$63,020$38,588
13 years$95,065$83,188$72,610$63,232$54,954$32,035
14 years$87,366$75,616$65,240$56,130$48,173$26,707
15 years$80,700$69,076$58,903$50,058$42,415$22,341
16 years$74,873$63,376$53,404$44,822$37,487$18,741
17 years$69,737$58,367$48,596$40,272$33,238$15,757
18 years$65,177$53,934$44,362$36,293$29,554$13,274
19 years$61,101$49,985$40,611$32,794$26,342$11,200
20 years$57,438$46,449$37,271$29,701$23,529$9,463
21 years$54,127$43,265$34,282$26,956$21,056$8,004
22 years$51,122$40,386$31,596$24,509$18,874$6,777
23 years$48,382$37,773$29,173$22,321$16,942$5,742
24 years$45,874$35,391$26,980$20,358$15,228$4,869
25 years$43,571$33,212$24,989$18,592$13,703$4,131
26 years$41,448$31,214$23,176$17,000$12,343$3,506
27 years$39,485$29,376$21,521$15,560$11,128$2,977
28 years$37,666$27,681$20,007$14,256$10,041$2,529
29 years$35,976$26,114$18,618$13,073$9,067$2,149
30 years$34,401$24,662$17,342$11,998$8,193$1,826
31 years$32,931$23,314$16,167$11,019$7,407$1,552
32 years$31,555$22,059$15,084$10,127$6,700$1,320
33 years$30,265$20,891$14,084$9,313$6,064$1,122
34 years$29,054$19,800$13,160$8,568$5,490$954
35 years$27,915$18,780$12,303$7,888$4,972$812
36 years$26,841$17,825$11,510$7,264$4,505$690
37 years$25,828$16,929$10,773$6,693$4,083$587
38 years$24,870$16,089$10,088$6,169$3,702$500
39 years$23,964$15,299$9,452$5,688$3,357$425
40 years$23,105$14,556$8,859$5,247$3,045$362
41 years$22,290$13,856$8,307$4,841$2,762$308
42 years$21,516$13,196$7,792$4,467$2,507$262
43 years$20,780$12,573$7,312$4,124$2,275$223
44 years$20,080$11,984$6,863$3,808$2,065$190
45 years$19,412$11,428$6,445$3,517$1,875$161
46 years$18,775$10,902$6,053$3,248$1,702$137
47 years$18,168$10,404$5,687$3,001$1,545$117
48 years$17,587$9,932$5,344$2,773$1,404$99
49 years$17,032$9,484$5,023$2,563$1,275$85
50 years$16,500$9,060$4,722$2,369$1,158$72

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 $5,362 every year, while hoping to spend $55,961 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: 79/16/5 Blend
63$16,900,000$16,900,000$16,900,000$16,900,000
64$18,629,331$17,733,631$17,471,681$20,097,086
65$20,469,981$18,543,037$17,997,440$21,868,401
66$22,496,501$19,390,228$18,538,937$23,802,993
67$24,727,792$20,276,997$19,096,639$25,923,339
68$27,184,679$21,205,222$19,671,028$28,247,910
69$29,890,109$22,176,871$20,262,601$30,797,040
70$32,869,371$23,194,008$20,871,869$33,593,117
71$36,150,327$24,258,795$21,499,357$36,660,789
72$39,763,681$25,373,497$22,145,606$40,027,193
73$43,743,267$26,540,489$22,811,175$43,722,212
74$48,126,368$27,762,260$23,496,636$47,778,751
75$52,954,065$29,041,418$24,202,581$52,233,044
76$58,271,629$30,380,697$24,929,617$57,124,994
77$64,128,947$31,782,963$25,678,371$62,498,544
78$70,580,990$33,251,219$26,449,487$68,402,088
79$77,688,335$34,788,612$27,243,628$74,888,927
80$85,517,733$36,398,442$28,061,478$82,017,761
81$94,142,743$38,084,167$28,903,739$89,853,248
82$103,644,424$39,849,413$29,771,135$98,466,600
83$114,112,099$41,697,977$30,664,411$107,936,258
84$125,644,198$43,633,843$31,584,335$118,348,621
85$138,349,191$45,661,186$32,531,694$129,798,862
86$152,346,605$47,784,381$33,507,303$142,391,817
87$167,768,158$50,008,016$34,511,997$156,242,969
88$184,758,999$52,336,897$35,546,638$171,479,535
89$203,479,079$54,776,066$36,612,112$188,241,654
90$224,104,658$57,330,807$37,709,330$206,683,713
91$246,829,973$60,006,657$38,839,233$226,975,788
92$271,869,070$62,809,422$40,002,787$249,305,246
93$299,457,822$65,745,191$41,200,987$273,878,508
94$329,856,157$68,820,342$42,434,857$300,922,987
95$363,350,511$72,041,565$43,705,451$330,689,225
96$400,256,534$75,415,872$45,013,855$363,453,255
97$440,922,066$78,950,615$46,361,184$399,519,190
98$485,730,422$82,653,501$47,748,589$439,222,091
99$535,104,011$86,532,608$49,177,253$482,931,116
100$589,508,322$90,596,408$50,648,393$531,052,995