Can I retire at age 64 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,365,120
2 years$707,237$694,065$681,300$668,923$656,917$642,409
3 years$466,808$453,579$440,846$428,585$416,775$402,616
4 years$346,617$333,429$320,823$308,772$297,248$283,546
5 years$274,521$261,412$248,972$237,166$225,963$212,759
6 years$226,473$213,463$201,206$189,664$178,797$166,107
7 years$192,166$179,266$167,203$155,933$145,410$133,240
8 years$166,448$153,664$141,802$130,808$120,631$108,980
9 years$146,455$133,792$122,134$111,420$101,589$90,453
10 years$130,471$117,931$106,479$96,045$86,559$75,930
11 years$117,401$104,987$93,742$83,588$74,444$64,314
12 years$106,517$94,231$83,194$73,318$64,511$54,870
13 years$97,315$85,157$74,328$64,729$56,255$47,091
14 years$89,434$77,405$66,784$57,459$49,313$40,613
15 years$82,611$70,711$60,297$51,243$43,419$35,171
16 years$76,646$64,876$54,668$45,883$38,374$30,563
17 years$71,388$59,749$49,746$41,225$34,025$26,637
18 years$66,719$55,210$45,412$37,152$30,253$23,274
19 years$62,547$51,168$41,572$33,570$26,965$20,379
20 years$58,797$47,548$38,153$30,404$24,086$17,877
21 years$55,409$44,289$35,093$27,594$21,554$15,708
22 years$52,332$41,342$32,344$25,089$19,320$13,821
23 years$49,527$38,667$29,864$22,849$17,343$12,176
24 years$46,960$36,228$27,619$20,840$15,588$10,738
25 years$44,602$33,998$25,581$19,032$14,027$9,479
26 years$42,429$31,953$23,725$17,402$12,635$8,374
27 years$40,420$30,071$22,031$15,928$11,392$7,403
28 years$38,558$28,336$20,480$14,594$10,279$6,549
29 years$36,827$26,732$19,059$13,383$9,282$5,796
30 years$35,215$25,246$17,752$12,282$8,386$5,133
31 years$33,710$23,865$16,550$11,280$7,582$4,548
32 years$32,302$22,581$15,442$10,367$6,859$4,030
33 years$30,982$21,385$14,418$9,533$6,207$3,573
34 years$29,742$20,268$13,471$8,771$5,620$3,169
35 years$28,576$19,224$12,595$8,074$5,090$2,811
36 years$27,476$18,246$11,782$7,436$4,612$2,494
37 years$26,439$17,330$11,028$6,852$4,180$2,213
38 years$25,459$16,470$10,327$6,315$3,789$1,965
39 years$24,531$15,661$9,675$5,823$3,436$1,744
40 years$23,652$14,900$9,069$5,371$3,117$1,548
41 years$22,818$14,184$8,503$4,955$2,828$1,375
42 years$22,025$13,508$7,977$4,573$2,566$1,221
43 years$21,272$12,870$7,485$4,222$2,329$1,085
44 years$20,555$12,268$7,026$3,898$2,114$963
45 years$19,872$11,699$6,597$3,600$1,919$856
46 years$19,220$11,160$6,196$3,325$1,742$760
47 years$18,598$10,650$5,821$3,072$1,582$676
48 years$18,003$10,167$5,470$2,839$1,437$600
49 years$17,435$9,709$5,142$2,624$1,305$533
50 years$16,891$9,274$4,834$2,425$1,185$474

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $17,300,000, adding $6,272 every year, while hoping to spend $48,308 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: 27/47/26 Blend
63$17,300,000$17,300,000$17,300,000$17,300,000
64$19,071,070$18,154,170$17,886,020$19,430,725
65$20,964,919$18,992,325$18,433,802$20,558,082
66$23,050,323$19,869,930$18,998,316$21,763,045
67$25,346,767$20,788,868$19,580,071$23,055,816
68$27,875,726$21,751,111$20,179,592$24,443,896
69$30,660,862$22,758,728$20,797,420$25,935,493
70$33,728,249$23,813,884$21,434,113$27,539,581
71$37,106,619$24,918,853$22,090,244$29,265,985
72$40,827,632$26,076,015$22,766,405$31,125,458
73$44,926,177$27,287,866$23,463,206$33,129,774
74$49,440,698$28,557,023$24,181,275$35,291,833
75$54,413,560$29,886,228$24,921,259$37,625,764
76$59,891,447$31,278,356$25,683,824$40,147,055
77$65,925,800$32,736,422$26,469,658$42,872,683
78$72,573,308$34,263,583$27,279,468$45,821,262
79$79,896,439$35,863,152$28,113,984$49,013,209
80$87,964,031$37,538,601$28,973,957$52,470,918
81$96,851,938$39,293,569$29,860,160$56,218,962
82$106,643,752$41,131,870$30,773,393$60,284,309
83$117,431,589$43,057,505$31,714,475$64,696,558
84$129,316,955$45,074,667$32,684,254$69,488,209
85$142,411,710$47,187,752$33,683,602$74,694,944
86$156,839,119$49,401,366$34,713,418$80,355,954
87$172,735,018$51,720,343$35,774,626$86,514,286
88$190,249,097$54,149,746$36,868,183$93,217,233
89$209,546,306$56,694,885$37,995,069$100,516,756
90$230,808,424$59,361,328$39,156,297$108,469,959
91$254,235,761$62,154,912$40,352,912$117,139,600
92$280,049,060$65,081,754$41,585,986$126,594,664
93$308,491,576$68,148,271$42,856,628$136,910,991
94$339,831,369$71,361,190$44,165,978$148,171,963
95$374,363,842$74,727,561$45,515,211$160,469,265
96$412,414,522$78,254,779$46,905,538$173,903,727
97$454,342,136$81,950,596$48,338,207$188,586,241
98$500,541,999$85,823,141$49,814,502$204,638,783
99$551,449,742$89,880,934$51,335,747$222,195,528
100$607,545,428$94,132,912$52,903,306$241,404,085