Can I retire at age 64 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,342,214
2 years$703,148$690,053$677,361$665,056$653,120$623,705
3 years$464,109$450,957$438,298$426,108$414,366$385,793
4 years$344,613$331,501$318,968$306,987$295,529$268,018
5 years$272,934$259,901$247,533$235,795$224,657$198,284
6 years$225,164$212,229$200,043$188,567$177,763$152,558
7 years$191,055$178,229$166,237$155,032$144,569$120,536
8 years$165,486$152,776$140,982$130,052$119,934$97,066
9 years$145,609$133,019$121,428$110,776$101,002$79,281
10 years$129,717$117,249$105,863$95,490$86,059$65,464
11 years$116,722$104,380$93,200$83,105$74,013$54,518
12 years$105,901$93,686$82,713$72,894$64,138$45,713
13 years$96,753$84,665$73,899$64,354$55,930$38,542
14 years$88,917$76,958$66,398$57,127$49,028$32,643
15 years$82,133$70,302$59,949$50,947$43,168$27,750
16 years$76,202$64,501$54,352$45,617$38,152$23,664
17 years$70,975$59,403$49,458$40,987$33,828$20,232
18 years$66,334$54,891$45,149$36,937$30,078$17,336
19 years$62,186$50,873$41,332$33,376$26,810$14,881
20 years$58,457$47,273$37,932$30,229$23,947$12,795
21 years$55,088$44,033$34,890$27,434$21,430$11,015
22 years$52,030$41,103$32,157$24,944$19,209$9,494
23 years$49,241$38,443$29,691$22,717$17,243$8,191
24 years$46,689$36,019$27,459$20,719$15,498$7,073
25 years$44,344$33,802$25,433$18,922$13,946$6,112
26 years$42,184$31,768$23,588$17,301$12,562$5,285
27 years$40,186$29,898$21,903$15,836$11,326$4,572
28 years$38,335$28,172$20,362$14,509$10,219$3,957
29 years$36,615$26,577$18,949$13,305$9,228$3,426
30 years$35,012$25,100$17,650$12,211$8,338$2,967
31 years$33,515$23,727$16,454$11,215$7,538$2,571
32 years$32,115$22,451$15,352$10,307$6,819$2,228
33 years$30,803$21,261$14,334$9,478$6,171$1,931
34 years$29,570$20,151$13,393$8,721$5,587$1,674
35 years$28,410$19,113$12,522$8,028$5,061$1,452
36 years$27,318$18,141$11,714$7,393$4,585$1,259
37 years$26,286$17,230$10,964$6,812$4,156$1,092
38 years$25,312$16,374$10,267$6,279$3,768$947
39 years$24,389$15,570$9,619$5,789$3,417$822
40 years$23,515$14,814$9,016$5,340$3,099$713
41 years$22,686$14,102$8,454$4,927$2,811$619
42 years$21,898$13,430$7,930$4,547$2,551$537
43 years$21,149$12,796$7,442$4,197$2,315$466
44 years$20,436$12,197$6,985$3,875$2,102$404
45 years$19,757$11,631$6,559$3,579$1,908$351
46 years$19,109$11,096$6,160$3,306$1,732$304
47 years$18,490$10,589$5,788$3,054$1,573$264
48 years$17,899$10,108$5,439$2,822$1,428$229
49 years$17,334$9,653$5,112$2,608$1,297$199
50 years$16,793$9,221$4,806$2,411$1,178$173

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $17,200,000, adding $6,375 every year, while hoping to spend $48,989 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: 72/22/6 Blend
63$17,200,000$17,200,000$17,200,000$17,200,000
64$18,960,976$18,049,376$17,782,776$20,311,974
65$20,842,871$18,881,671$18,326,375$22,035,993
66$22,915,078$19,753,107$18,886,543$23,916,153
67$25,196,957$20,665,550$19,463,782$25,973,201
68$27,709,840$21,620,956$20,058,613$28,224,547
69$30,477,236$22,621,374$20,671,568$30,689,351
70$33,525,046$23,668,954$21,303,198$33,388,694
71$36,881,817$24,765,949$21,954,071$36,345,780
72$40,579,000$25,914,718$22,624,770$39,586,147
73$44,651,255$27,117,737$23,315,897$43,137,903
74$49,136,777$28,377,599$24,028,074$47,031,989
75$54,077,651$29,697,025$24,761,937$51,302,468
76$59,520,256$31,078,863$25,518,146$55,986,834
77$65,515,696$32,526,102$26,297,378$61,126,370
78$72,120,290$34,041,873$27,100,333$66,766,524
79$79,396,094$35,629,460$27,927,729$72,957,341
80$87,411,497$37,292,304$28,780,309$79,753,920
81$96,241,855$39,034,013$29,658,835$87,216,934
82$105,970,214$40,858,369$30,564,095$95,413,195
83$116,688,083$42,769,336$31,496,900$104,416,278
84$128,496,305$44,771,072$32,458,084$114,307,204
85$141,506,006$46,867,932$33,448,508$125,175,207
86$155,839,644$49,064,486$34,469,058$137,118,557
87$171,632,164$51,365,522$35,520,647$150,245,487
88$189,032,272$53,776,060$36,604,216$164,675,205
89$208,203,841$56,301,364$37,720,734$180,539,008
90$229,327,453$58,946,951$38,871,199$197,981,514
91$252,602,108$61,718,607$40,056,640$217,162,016
92$278,247,101$64,622,397$41,278,115$238,255,977
93$306,504,090$67,664,679$42,536,717$261,456,673
94$337,639,379$70,852,120$43,833,568$286,977,009
95$371,946,432$74,191,709$45,169,829$315,051,517
96$409,748,640$77,690,776$46,546,691$345,938,554
97$451,402,380$81,357,002$47,965,383$379,922,732
98$497,300,371$85,198,444$49,427,172$417,317,590
99$547,875,389$89,223,547$50,933,362$458,468,538
100$603,604,345$93,441,167$52,485,296$503,756,105