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

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 $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%15.4%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,325,525
2 years$694,972$682,029$669,485$657,323$645,526$615,379
3 years$458,713$445,714$433,201$421,153$409,548$380,274
4 years$340,606$327,647$315,260$303,417$292,093$263,917
5 years$269,760$256,879$244,654$233,053$222,044$195,045
6 years$222,546$209,761$197,717$186,375$175,696$149,903
7 years$188,834$176,157$164,304$153,229$142,888$118,305
8 years$163,562$150,999$139,343$128,540$118,539$95,158
9 years$143,916$131,472$120,016$109,487$99,827$77,630
10 years$128,208$115,886$104,632$94,379$85,058$64,021
11 years$115,365$103,166$92,117$82,138$73,153$53,249
12 years$104,670$92,597$81,751$72,046$63,393$44,591
13 years$95,628$83,680$73,039$63,606$55,280$37,546
14 years$87,883$76,063$65,626$56,462$48,458$31,756
15 years$81,178$69,485$59,252$50,355$42,666$26,958
16 years$75,316$63,751$53,720$45,087$37,708$22,956
17 years$70,150$58,712$48,883$40,510$33,435$19,599
18 years$65,562$54,253$44,624$36,508$29,729$16,768
19 years$61,463$50,281$40,851$32,988$26,498$14,373
20 years$57,778$46,724$37,491$29,877$23,668$12,339
21 years$54,448$43,521$34,485$27,115$21,180$10,607
22 years$51,425$40,625$31,783$24,654$18,985$9,128
23 years$48,669$37,996$29,346$22,453$17,042$7,863
24 years$46,146$35,600$27,140$20,478$15,318$6,779
25 years$43,829$33,409$25,137$18,702$13,784$5,848
26 years$41,693$31,399$23,313$17,100$12,416$5,049
27 years$39,719$29,550$21,649$15,652$11,194$4,360
28 years$37,889$27,845$20,125$14,341$10,101$3,768
29 years$36,189$26,268$18,728$13,151$9,121$3,257
30 years$34,605$24,808$17,445$12,069$8,241$2,816
31 years$33,126$23,452$16,263$11,085$7,451$2,436
32 years$31,742$22,190$15,174$10,187$6,740$2,108
33 years$30,445$21,014$14,168$9,368$6,099$1,824
34 years$29,226$19,917$13,238$8,619$5,522$1,579
35 years$28,080$18,891$12,376$7,934$5,002$1,366
36 years$27,000$17,930$11,578$7,307$4,532$1,183
37 years$25,981$17,029$10,836$6,733$4,107$1,024
38 years$25,017$16,184$10,148$6,206$3,724$887
39 years$24,106$15,389$9,507$5,722$3,377$768
40 years$23,242$14,642$8,911$5,278$3,063$665
41 years$22,422$13,938$8,356$4,869$2,779$576
42 years$21,643$13,274$7,838$4,494$2,521$499
43 years$20,903$12,647$7,355$4,148$2,288$432
44 years$20,198$12,055$6,904$3,830$2,077$375
45 years$19,527$11,496$6,483$3,537$1,886$325
46 years$18,886$10,967$6,089$3,268$1,712$281
47 years$18,275$10,465$5,720$3,019$1,555$244
48 years$17,691$9,991$5,375$2,790$1,412$211
49 years$17,132$9,541$5,053$2,578$1,282$183
50 years$16,598$9,114$4,750$2,383$1,165$158

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 $4,419 every year, while hoping to spend $26,037 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: 64/29/7 Blend
63$17,000,000$17,000,000$17,000,000$17,000,000
64$18,738,558$17,837,558$17,574,058$19,913,316
65$20,622,188$18,683,895$18,135,086$21,542,494
66$22,697,075$19,570,830$18,714,036$23,317,641
67$24,982,701$20,500,325$19,311,480$25,255,704
68$27,500,532$21,474,437$19,928,010$27,372,494
69$30,274,224$22,495,322$20,564,236$29,685,393
70$33,329,845$23,565,243$21,220,788$32,213,521
71$36,696,120$24,686,570$21,898,315$34,977,905
72$40,404,704$25,861,792$22,597,488$38,001,677
73$44,490,479$27,093,515$23,319,000$41,310,282
74$48,991,885$28,384,475$24,063,563$44,931,713
75$53,951,281$29,737,537$24,831,916$48,896,772
76$59,415,345$31,155,710$25,624,819$53,239,350
77$65,435,517$32,642,146$26,443,057$57,996,741
78$72,068,479$34,200,151$27,287,439$63,209,988
79$79,376,698$35,833,193$28,158,802$68,924,262
80$87,429,008$37,544,906$29,058,009$75,189,279
81$96,301,265$39,339,104$29,985,949$82,059,762
82$106,077,058$41,219,784$30,943,543$89,595,949
83$116,848,503$43,191,139$31,931,737$97,864,152
84$128,717,111$45,257,565$32,951,511$106,937,371
85$141,794,743$47,423,673$34,003,873$116,895,978
86$156,204,672$49,694,298$35,089,868$127,828,458
87$172,082,739$52,074,509$36,210,569$139,832,240
88$189,578,643$54,569,625$37,367,088$153,014,599
89$208,857,348$57,185,220$38,560,569$167,493,663
90$230,100,644$59,927,142$39,792,195$183,399,507
91$253,508,862$62,801,524$41,063,185$200,875,375
92$279,302,763$65,814,796$42,374,799$220,079,014
93$307,725,626$68,973,702$43,728,336$241,184,148
94$339,045,541$72,285,315$45,125,137$264,382,106
95$373,557,943$75,757,052$46,566,585$289,883,607
96$411,588,397$79,396,691$48,054,109$317,920,736
97$453,495,675$83,212,390$49,589,184$348,749,116
98$499,675,141$87,212,705$51,173,328$382,650,303
99$550,562,484$91,406,606$52,808,114$419,934,423
100$606,637,831$95,803,503$54,495,159$460,943,078