Can I retire at age 64 with 17,000,000?

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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,335,346
2 years$694,972$682,029$669,485$657,323$645,526$625,162
3 years$458,713$445,714$433,201$421,153$409,548$389,712
4 years$340,606$327,647$315,260$303,417$292,093$272,937
5 years$269,760$256,879$244,654$233,053$222,044$203,625
6 years$222,546$209,761$197,717$186,375$175,696$158,034
7 years$188,834$176,157$164,304$153,229$142,888$125,989
8 years$163,562$150,999$139,343$128,540$118,539$102,401
9 years$143,916$131,472$120,016$109,487$99,827$84,441
10 years$128,208$115,886$104,632$94,379$85,058$70,413
11 years$115,365$103,166$92,117$82,138$73,153$59,234
12 years$104,670$92,597$81,751$72,046$63,393$50,183
13 years$95,628$83,680$73,039$63,606$55,280$42,760
14 years$87,883$76,063$65,626$56,462$48,458$36,609
15 years$81,178$69,485$59,252$50,355$42,666$31,467
16 years$75,316$63,751$53,720$45,087$37,708$27,137
17 years$70,150$58,712$48,883$40,510$33,435$23,468
18 years$65,562$54,253$44,624$36,508$29,729$20,344
19 years$61,463$50,281$40,851$32,988$26,498$17,671
20 years$57,778$46,724$37,491$29,877$23,668$15,377
21 years$54,448$43,521$34,485$27,115$21,180$13,400
22 years$51,425$40,625$31,783$24,654$18,985$11,693
23 years$48,669$37,996$29,346$22,453$17,042$10,214
24 years$46,146$35,600$27,140$20,478$15,318$8,931
25 years$43,829$33,409$25,137$18,702$13,784$7,816
26 years$41,693$31,399$23,313$17,100$12,416$6,845
27 years$39,719$29,550$21,649$15,652$11,194$5,998
28 years$37,889$27,845$20,125$14,341$10,101$5,259
29 years$36,189$26,268$18,728$13,151$9,121$4,614
30 years$34,605$24,808$17,445$12,069$8,241$4,049
31 years$33,126$23,452$16,263$11,085$7,451$3,555
32 years$31,742$22,190$15,174$10,187$6,740$3,122
33 years$30,445$21,014$14,168$9,368$6,099$2,743
34 years$29,226$19,917$13,238$8,619$5,522$2,410
35 years$28,080$18,891$12,376$7,934$5,002$2,118
36 years$27,000$17,930$11,578$7,307$4,532$1,862
37 years$25,981$17,029$10,836$6,733$4,107$1,637
38 years$25,017$16,184$10,148$6,206$3,724$1,439
39 years$24,106$15,389$9,507$5,722$3,377$1,266
40 years$23,242$14,642$8,911$5,278$3,063$1,113
41 years$22,422$13,938$8,356$4,869$2,779$979
42 years$21,643$13,274$7,838$4,494$2,521$862
43 years$20,903$12,647$7,355$4,148$2,288$758
44 years$20,198$12,055$6,904$3,830$2,077$667
45 years$19,527$11,496$6,483$3,537$1,886$587
46 years$18,886$10,967$6,089$3,268$1,712$516
47 years$18,275$10,465$5,720$3,019$1,555$454
48 years$17,691$9,991$5,375$2,790$1,412$400
49 years$17,132$9,541$5,053$2,578$1,282$352
50 years$16,598$9,114$4,750$2,383$1,165$310

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $17,000,000, adding $5,824 every year, while hoping to spend $54,719 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: 50/37/13 Blend
63$17,000,000$17,000,000$17,000,000$17,000,000
64$18,740,007$17,839,007$17,575,507$19,610,514
65$20,593,268$18,654,898$18,106,066$21,024,335
66$22,633,726$19,508,934$18,652,565$22,553,664
67$24,880,420$20,402,925$19,215,480$24,214,347
68$27,354,326$21,338,771$19,795,301$26,018,744
69$30,078,556$22,318,460$20,392,533$27,980,431
70$33,078,583$23,344,078$21,007,696$30,114,321
71$36,382,470$24,417,810$21,641,326$32,436,799
72$40,021,145$25,541,946$22,293,973$34,965,869
73$44,028,686$26,718,885$22,966,206$37,721,315
74$48,442,646$27,951,145$23,658,607$40,724,884
75$53,304,405$29,241,360$24,371,780$44,000,481
76$58,659,563$30,592,295$25,106,343$47,574,387
77$64,558,367$32,006,847$25,862,935$51,475,500
78$71,056,189$33,488,051$26,642,212$55,735,594
79$78,214,044$35,039,089$27,444,849$60,389,617
80$86,099,169$36,663,296$28,271,544$65,476,003
81$94,785,656$38,364,170$29,123,013$71,037,031
82$104,355,153$40,145,374$29,999,994$77,119,211
83$114,897,631$42,010,750$30,903,246$83,773,710
84$126,512,237$43,964,325$31,833,553$91,056,825
85$139,308,227$46,010,319$32,791,718$99,030,505
86$153,405,998$48,153,156$33,778,573$107,762,915
87$168,938,223$50,397,474$34,794,969$117,329,075
88$186,051,108$52,748,136$35,841,786$127,811,549
89$204,905,764$55,210,238$36,919,929$139,301,209
90$225,679,734$57,789,122$38,030,329$151,898,080
91$248,568,667$60,490,389$39,173,945$165,712,268
92$273,788,164$63,319,911$40,351,765$180,864,981
93$301,575,813$66,283,842$41,564,805$197,489,655
94$332,193,431$69,388,636$42,814,111$215,733,198
95$365,929,538$72,641,056$44,100,761$235,757,354
96$403,102,078$76,048,195$45,425,863$257,740,212
97$444,061,420$79,617,487$46,790,560$281,877,866
98$489,193,668$83,356,726$48,196,027$308,386,240
99$538,924,301$87,274,085$49,643,473$337,503,110
100$593,722,195$91,378,130$51,134,144$369,490,319