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

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,340,437
2 years$699,060$686,041$673,423$661,189$649,323$626,080
3 years$461,411$448,335$435,749$423,630$411,957$389,336
4 years$342,609$329,574$317,114$305,202$293,811$271,986
5 years$271,347$258,390$246,093$234,424$223,351$202,384
6 years$223,855$210,995$198,880$187,471$176,730$156,646
7 years$189,945$177,193$165,270$154,130$143,729$124,534
8 years$164,524$151,887$140,162$129,296$119,237$100,926
9 years$144,762$132,245$120,722$110,132$100,415$82,979
10 years$128,962$116,568$105,248$94,934$85,558$68,982
11 years$116,044$103,773$92,659$82,621$73,583$57,848
12 years$105,286$93,141$82,232$72,470$63,765$48,852
13 years$96,190$84,173$73,469$63,980$55,605$41,490
14 years$88,400$76,511$66,012$56,794$48,743$35,402
15 years$81,655$69,894$59,600$50,651$42,917$30,325
16 years$75,759$64,126$54,036$45,352$37,930$26,061
17 years$70,563$59,058$49,171$40,749$33,631$22,458
18 years$65,948$54,572$44,887$36,723$29,904$19,398
19 years$61,824$50,577$41,092$33,182$26,654$16,788
20 years$58,117$46,998$37,712$30,053$23,808$14,554
21 years$54,768$43,777$34,688$27,275$21,305$12,635
22 years$51,727$40,864$31,970$24,799$19,097$10,983
23 years$48,955$38,220$29,519$22,585$17,143$9,557
24 years$46,417$35,809$27,300$20,599$15,408$8,324
25 years$44,086$33,605$25,285$18,812$13,865$7,256
26 years$41,938$31,584$23,451$17,201$12,489$6,329
27 years$39,953$29,724$21,776$15,744$11,260$5,524
28 years$38,112$28,009$20,244$14,425$10,160$4,824
29 years$36,402$26,423$18,838$13,228$9,174$4,215
30 years$34,808$24,954$17,547$12,140$8,290$3,684
31 years$33,320$23,589$16,359$11,150$7,495$3,221
32 years$31,928$22,320$15,263$10,247$6,779$2,817
33 years$30,624$21,138$14,251$9,423$6,135$2,464
34 years$29,398$20,034$13,315$8,670$5,555$2,156
35 years$28,245$19,002$12,449$7,981$5,031$1,887
36 years$27,159$18,035$11,646$7,350$4,559$1,652
37 years$26,133$17,130$10,900$6,772$4,132$1,446
38 years$25,164$16,279$10,208$6,242$3,746$1,266
39 years$24,247$15,480$9,563$5,756$3,397$1,109
40 years$23,378$14,728$8,964$5,309$3,081$971
41 years$22,554$14,020$8,405$4,898$2,795$851
42 years$21,771$13,352$7,884$4,520$2,536$745
43 years$21,026$12,722$7,398$4,173$2,302$653
44 years$20,317$12,126$6,945$3,853$2,089$572
45 years$19,642$11,564$6,521$3,558$1,897$501
46 years$18,998$11,031$6,125$3,287$1,722$439
47 years$18,383$10,527$5,754$3,037$1,564$385
48 years$17,795$10,049$5,407$2,806$1,420$337
49 years$17,233$9,597$5,082$2,593$1,290$295
50 years$16,696$9,167$4,778$2,397$1,172$259

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 $5,205 every year, while hoping to spend $57,390 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: 73/9/18 Blend
63$17,100,000$17,100,000$17,100,000$17,100,000
64$18,849,569$17,943,269$17,678,219$20,145,972
65$20,711,162$18,761,427$18,209,377$21,825,243
66$22,760,715$19,617,751$18,756,405$23,656,798
67$25,017,338$20,514,050$19,319,774$25,661,753
68$27,502,090$21,452,222$19,899,970$27,857,317
69$30,238,175$22,434,253$20,497,492$30,262,438
70$33,251,164$23,462,227$21,112,852$32,897,978
71$36,569,232$24,538,325$21,746,582$35,786,908
72$40,223,425$25,664,834$22,399,224$38,954,522
73$44,247,957$26,844,153$23,071,340$42,428,673
74$48,680,525$28,078,794$23,763,507$46,240,033
75$53,562,673$29,371,389$24,476,319$50,422,379
76$58,940,177$30,724,698$25,210,387$55,012,913
77$64,863,480$32,141,614$25,966,340$60,052,605
78$71,388,170$33,625,168$26,744,828$65,586,578
79$78,575,500$35,178,538$27,546,516$71,664,534
80$86,492,968$36,805,053$28,372,091$78,341,214
81$95,214,955$38,508,205$29,222,261$85,676,915
82$104,823,426$40,291,652$30,097,751$93,738,056
83$115,408,701$42,159,229$30,999,312$102,597,799
84$127,070,313$44,114,956$31,927,714$112,336,735
85$139,917,943$46,163,046$32,883,749$123,043,645
86$154,072,453$48,307,916$33,868,236$134,816,328
87$169,667,035$50,554,195$34,882,013$147,762,522
88$186,848,459$52,906,737$35,925,946$162,000,920
89$205,778,462$55,370,628$37,000,926$177,662,278
90$226,635,277$57,951,200$38,107,869$194,890,651
91$249,615,310$60,654,044$39,247,717$213,844,745
92$274,934,999$63,485,019$40,421,443$234,699,408
93$302,832,852$66,450,268$41,630,044$257,647,277
94$333,571,702$69,556,231$42,874,550$282,900,591
95$367,441,187$72,809,657$44,156,019$310,693,186
96$404,760,482$76,217,624$45,475,540$341,282,697
97$445,881,315$79,787,551$46,834,234$374,952,984
98$491,191,283$83,527,216$48,233,255$412,016,803
99$541,117,515$87,444,771$49,673,790$452,818,753
100$596,130,702$91,548,765$51,157,063$497,738,522