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%19.9%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,317,134
2 years$703,148$690,053$677,361$665,056$653,120$598,970
3 years$464,109$450,957$438,298$426,108$414,366$362,188
4 years$344,613$331,501$318,968$306,987$295,529$245,721
5 years$272,934$259,901$247,533$235,795$224,657$177,344
6 years$225,164$212,229$200,043$188,567$177,763$132,977
7 years$191,055$178,229$166,237$155,032$144,569$102,293
8 years$165,486$152,776$140,982$130,052$119,934$80,126
9 years$145,609$133,019$121,428$110,776$101,002$63,600
10 years$129,717$117,249$105,863$95,490$86,059$50,991
11 years$116,722$104,380$93,200$83,105$74,013$41,198
12 years$105,901$93,686$82,713$72,894$64,138$33,486
13 years$96,753$84,665$73,899$64,354$55,930$27,349
14 years$88,917$76,958$66,398$57,127$49,028$22,421
15 years$82,133$70,302$59,949$50,947$43,168$18,438
16 years$76,202$64,501$54,352$45,617$38,152$15,201
17 years$70,975$59,403$49,458$40,987$33,828$12,557
18 years$66,334$54,891$45,149$36,937$30,078$10,390
19 years$62,186$50,873$41,332$33,376$26,810$8,609
20 years$58,457$47,273$37,932$30,229$23,947$7,141
21 years$55,088$44,033$34,890$27,434$21,430$5,929
22 years$52,030$41,103$32,157$24,944$19,209$4,927
23 years$49,241$38,443$29,691$22,717$17,243$4,096
24 years$46,689$36,019$27,459$20,719$15,498$3,407
25 years$44,344$33,802$25,433$18,922$13,946$2,836
26 years$42,184$31,768$23,588$17,301$12,562$2,361
27 years$40,186$29,898$21,903$15,836$11,326$1,966
28 years$38,335$28,172$20,362$14,509$10,219$1,638
29 years$36,615$26,577$18,949$13,305$9,228$1,365
30 years$35,012$25,100$17,650$12,211$8,338$1,137
31 years$33,515$23,727$16,454$11,215$7,538$948
32 years$32,115$22,451$15,352$10,307$6,819$790
33 years$30,803$21,261$14,334$9,478$6,171$658
34 years$29,570$20,151$13,393$8,721$5,587$549
35 years$28,410$19,113$12,522$8,028$5,061$458
36 years$27,318$18,141$11,714$7,393$4,585$382
37 years$26,286$17,230$10,964$6,812$4,156$318
38 years$25,312$16,374$10,267$6,279$3,768$265
39 years$24,389$15,570$9,619$5,789$3,417$221
40 years$23,515$14,814$9,016$5,340$3,099$185
41 years$22,686$14,102$8,454$4,927$2,811$154
42 years$21,898$13,430$7,930$4,547$2,551$128
43 years$21,149$12,796$7,442$4,197$2,315$107
44 years$20,436$12,197$6,985$3,875$2,102$89
45 years$19,757$11,631$6,559$3,579$1,908$74
46 years$19,109$11,096$6,160$3,306$1,732$62
47 years$18,490$10,589$5,788$3,054$1,573$52
48 years$17,899$10,108$5,439$2,822$1,428$43
49 years$17,334$9,653$5,112$2,608$1,297$36
50 years$16,793$9,221$4,806$2,411$1,178$30

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 $4,264 every year, while hoping to spend $54,232 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: 51/19/30 Blend
63$17,200,000$17,200,000$17,200,000$17,200,000
64$18,958,798$18,047,198$17,780,598$19,764,771
65$20,834,893$18,873,809$18,318,546$21,155,150
66$22,900,532$19,739,105$18,872,697$22,660,487
67$25,174,992$20,644,926$19,443,538$24,296,440
68$27,679,512$21,593,199$20,031,567$26,075,488
69$30,437,499$22,585,942$20,637,301$28,011,345
70$33,474,742$23,625,272$21,261,269$30,119,094
71$36,819,662$24,713,406$21,904,018$32,415,317
72$40,503,574$25,852,670$22,566,109$34,918,254
73$44,560,987$27,045,499$23,248,122$37,647,963
74$49,029,926$28,294,447$23,950,653$40,626,510
75$53,952,295$29,602,191$24,674,316$43,878,169
76$59,374,266$30,971,536$25,419,743$47,429,647
77$65,346,722$32,405,422$26,187,585$51,310,326
78$71,925,732$33,906,931$26,978,513$55,552,542
79$79,173,080$35,479,294$27,793,216$60,191,877
80$87,156,851$37,125,897$28,632,407$65,267,492
81$95,952,073$38,850,289$29,496,816$70,822,488
82$105,641,423$40,656,191$30,387,197$76,904,306
83$116,316,006$42,547,503$31,304,326$83,565,169
84$128,076,220$44,528,312$32,249,003$90,862,563
85$141,032,700$46,602,905$33,222,050$98,859,778
86$155,307,361$48,775,773$34,224,314$107,626,491
87$171,034,551$51,051,625$35,256,667$117,239,416
88$188,362,318$53,435,397$36,320,009$127,783,023
89$207,453,808$55,932,266$37,415,263$139,350,322
90$228,488,804$58,547,654$38,543,382$152,043,730
91$251,665,423$61,287,250$39,705,346$165,976,030
92$277,201,986$64,157,015$40,902,165$181,271,427
93$305,339,079$67,163,199$42,134,878$198,066,701
94$336,341,824$70,312,355$43,404,555$216,512,495
95$370,502,381$73,611,352$44,712,299$236,774,719
96$408,142,706$77,067,390$46,059,243$259,036,106
97$449,617,591$80,688,021$47,446,556$283,497,924
98$495,318,010$84,481,158$48,875,440$310,381,860
99$545,674,813$88,455,102$50,347,134$339,932,097
100$601,162,794$92,618,551$51,862,912$372,417,608