Can I retire at age 64 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,328,996
2 years$699,060$686,041$673,423$661,189$649,323$614,707
3 years$461,411$448,335$435,749$423,630$411,957$378,389
4 years$342,609$329,574$317,114$305,202$293,811$261,550
5 years$271,347$258,390$246,093$234,424$223,351$192,486
6 years$223,855$210,995$198,880$187,471$176,730$147,292
7 years$189,945$177,193$165,270$154,130$143,729$115,720
8 years$164,524$151,887$140,162$129,296$119,237$92,645
9 years$144,762$132,245$120,722$110,132$100,415$75,216
10 years$128,962$116,568$105,248$94,934$85,558$61,724
11 years$116,044$103,773$92,659$82,621$73,583$51,077
12 years$105,286$93,141$82,232$72,470$63,765$42,549
13 years$96,190$84,173$73,469$63,980$55,605$35,635
14 years$88,400$76,511$66,012$56,794$48,743$29,975
15 years$81,655$69,894$59,600$50,651$42,917$25,305
16 years$75,759$64,126$54,036$45,352$37,930$21,426
17 years$70,563$59,058$49,171$40,749$33,631$18,187
18 years$65,948$54,572$44,887$36,723$29,904$15,469
19 years$61,824$50,577$41,092$33,182$26,654$13,180
20 years$58,117$46,998$37,712$30,053$23,808$11,247
21 years$54,768$43,777$34,688$27,275$21,305$9,609
22 years$51,727$40,864$31,970$24,799$19,097$8,218
23 years$48,955$38,220$29,519$22,585$17,143$7,035
24 years$46,417$35,809$27,300$20,599$15,408$6,027
25 years$44,086$33,605$25,285$18,812$13,865$5,166
26 years$41,938$31,584$23,451$17,201$12,489$4,431
27 years$39,953$29,724$21,776$15,744$11,260$3,803
28 years$38,112$28,009$20,244$14,425$10,160$3,264
29 years$36,402$26,423$18,838$13,228$9,174$2,803
30 years$34,808$24,954$17,547$12,140$8,290$2,408
31 years$33,320$23,589$16,359$11,150$7,495$2,069
32 years$31,928$22,320$15,263$10,247$6,779$1,778
33 years$30,624$21,138$14,251$9,423$6,135$1,529
34 years$29,398$20,034$13,315$8,670$5,555$1,314
35 years$28,245$19,002$12,449$7,981$5,031$1,130
36 years$27,159$18,035$11,646$7,350$4,559$972
37 years$26,133$17,130$10,900$6,772$4,132$836
38 years$25,164$16,279$10,208$6,242$3,746$719
39 years$24,247$15,480$9,563$5,756$3,397$618
40 years$23,378$14,728$8,964$5,309$3,081$532
41 years$22,554$14,020$8,405$4,898$2,795$458
42 years$21,771$13,352$7,884$4,520$2,536$394
43 years$21,026$12,722$7,398$4,173$2,302$339
44 years$20,317$12,126$6,945$3,853$2,089$291
45 years$19,642$11,564$6,521$3,558$1,897$251
46 years$18,998$11,031$6,125$3,287$1,722$216
47 years$18,383$10,527$5,754$3,037$1,564$186
48 years$17,795$10,049$5,407$2,806$1,420$160
49 years$17,233$9,597$5,082$2,593$1,290$137
50 years$16,696$9,167$4,778$2,397$1,172$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $17,100,000, adding $3,851 every year, while hoping to spend $20,239 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: 34/48/18 Blend
63$17,100,000$17,100,000$17,100,000$17,100,000
64$18,848,172$17,941,872$17,676,822$19,384,289
65$20,749,152$18,799,490$18,247,462$20,636,170
66$22,843,353$19,698,452$18,836,539$21,983,100
67$25,150,463$20,640,764$19,444,651$23,435,173
68$27,692,176$21,628,528$20,072,413$25,001,690
69$30,492,399$22,663,948$20,720,461$26,692,836
70$33,577,478$23,749,335$21,389,450$28,519,769
71$36,976,442$24,887,114$22,080,058$30,494,712
72$40,721,284$26,079,827$22,792,984$32,631,062
73$44,847,257$27,330,140$23,528,951$34,943,506
74$49,393,209$28,640,849$24,288,703$37,448,144
75$54,401,952$30,014,887$25,073,011$40,162,637
76$59,920,662$31,455,327$25,882,667$43,106,358
77$66,001,326$32,965,394$26,718,493$46,300,560
78$72,701,234$34,548,471$27,581,335$49,768,570
79$80,083,517$36,208,104$28,472,067$53,535,990
80$88,217,746$37,948,011$29,391,591$57,630,928
81$97,180,586$39,772,093$30,340,840$62,084,245
82$107,056,522$41,684,442$31,320,774$66,929,835
83$117,938,654$43,689,346$32,332,386$72,204,925
84$129,929,577$45,791,305$33,376,702$77,950,413
85$143,142,352$47,995,037$34,454,780$84,211,232
86$157,701,569$50,305,491$35,567,712$91,036,759
87$173,744,526$52,727,856$36,716,627$98,481,259
88$191,422,521$55,267,575$37,902,688$106,604,379
89$210,902,288$57,930,356$39,127,097$115,471,688
90$232,367,563$60,722,185$40,391,097$125,155,272
91$256,020,823$63,649,341$41,695,967$135,734,397
92$282,085,197$66,718,408$43,043,032$147,296,225
93$310,806,569$69,936,293$44,433,656$159,936,617
94$342,455,905$73,310,237$45,869,249$173,761,006
95$377,331,806$76,847,837$47,351,268$188,885,367
96$415,763,329$80,557,060$48,881,214$205,437,285
97$458,113,093$84,446,260$50,460,639$223,557,119
98$504,780,703$88,524,201$52,091,145$243,399,304
99$556,206,521$92,800,074$53,774,385$265,133,772
100$612,875,826$97,283,517$55,512,066$288,947,516