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

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,353,889
2 years$707,237$694,065$681,300$668,923$656,917$631,183
3 years$466,808$453,579$440,846$428,585$416,775$391,747
4 years$346,617$333,429$320,823$308,772$297,248$273,118
5 years$274,521$261,412$248,972$237,166$225,963$202,801
6 years$226,473$213,463$201,206$189,664$178,797$156,629
7 years$192,166$179,266$167,203$155,933$145,410$124,241
8 years$166,448$153,664$141,802$130,808$120,631$100,456
9 years$146,455$133,792$122,134$111,420$101,589$82,395
10 years$130,471$117,931$106,479$96,045$86,559$68,329
11 years$117,401$104,987$93,742$83,588$74,444$57,157
12 years$106,517$94,231$83,194$73,318$64,511$48,143
13 years$97,315$85,157$74,328$64,729$56,255$40,780
14 years$89,434$77,405$66,784$57,459$49,313$34,703
15 years$82,611$70,711$60,297$51,243$43,419$29,645
16 years$76,646$64,876$54,668$45,883$38,374$25,405
17 years$71,388$59,749$49,746$41,225$34,025$21,830
18 years$66,719$55,210$45,412$37,152$30,253$18,801
19 years$62,547$51,168$41,572$33,570$26,965$16,223
20 years$58,797$47,548$38,153$30,404$24,086$14,022
21 years$55,409$44,289$35,093$27,594$21,554$12,136
22 years$52,332$41,342$32,344$25,089$19,320$10,517
23 years$49,527$38,667$29,864$22,849$17,343$9,123
24 years$46,960$36,228$27,619$20,840$15,588$7,921
25 years$44,602$33,998$25,581$19,032$14,027$6,883
26 years$42,429$31,953$23,725$17,402$12,635$5,985
27 years$40,420$30,071$22,031$15,928$11,392$5,207
28 years$38,558$28,336$20,480$14,594$10,279$4,532
29 years$36,827$26,732$19,059$13,383$9,282$3,947
30 years$35,215$25,246$17,752$12,282$8,386$3,438
31 years$33,710$23,865$16,550$11,280$7,582$2,996
32 years$32,302$22,581$15,442$10,367$6,859$2,612
33 years$30,982$21,385$14,418$9,533$6,207$2,277
34 years$29,742$20,268$13,471$8,771$5,620$1,986
35 years$28,576$19,224$12,595$8,074$5,090$1,732
36 years$27,476$18,246$11,782$7,436$4,612$1,511
37 years$26,439$17,330$11,028$6,852$4,180$1,318
38 years$25,459$16,470$10,327$6,315$3,789$1,150
39 years$24,531$15,661$9,675$5,823$3,436$1,004
40 years$23,652$14,900$9,069$5,371$3,117$876
41 years$22,818$14,184$8,503$4,955$2,828$765
42 years$22,025$13,508$7,977$4,573$2,566$668
43 years$21,272$12,870$7,485$4,222$2,329$583
44 years$20,555$12,268$7,026$3,898$2,114$509
45 years$19,872$11,699$6,597$3,600$1,919$444
46 years$19,220$11,160$6,196$3,325$1,742$388
47 years$18,598$10,650$5,821$3,072$1,582$339
48 years$18,003$10,167$5,470$2,839$1,437$296
49 years$17,435$9,709$5,142$2,624$1,305$258
50 years$16,891$9,274$4,834$2,425$1,185$226

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 $3,544 every year, while hoping to spend $56,327 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: 43/38/19 Blend
63$17,300,000$17,300,000$17,300,000$17,300,000
64$19,068,256$18,151,356$17,883,206$19,782,561
65$20,953,286$18,980,841$18,422,362$21,116,700
66$23,028,702$19,849,082$18,977,691$22,555,432
67$25,313,863$20,757,921$19,549,677$24,113,012
68$27,830,102$21,709,284$20,138,816$25,800,414
69$30,600,925$22,705,191$20,745,619$27,629,682
70$33,652,235$23,747,761$21,370,613$29,614,039
71$37,012,574$24,839,213$22,014,340$31,768,001
72$40,713,394$25,981,871$22,677,357$34,107,508
73$44,789,351$27,178,175$23,360,240$36,650,067
74$49,278,637$28,430,677$24,063,581$39,414,911
75$54,223,335$29,742,057$24,787,987$42,423,167
76$59,669,817$31,115,120$25,534,087$45,698,053
77$65,669,185$32,552,807$26,302,525$49,265,082
78$72,277,750$34,058,203$27,093,968$53,152,297
79$79,557,562$35,634,537$27,909,098$57,390,525
80$87,577,002$37,285,197$28,748,621$62,013,656
81$96,411,418$39,013,734$29,613,262$67,058,954
82$106,143,844$40,823,868$30,503,767$72,567,395
83$116,865,779$42,719,500$31,420,906$78,584,042
84$128,678,052$44,704,719$32,365,470$85,158,460
85$141,691,773$46,783,811$33,338,273$92,345,169
86$156,029,384$48,961,268$34,340,155$100,204,143
87$171,825,811$51,241,799$35,371,980$108,801,366
88$189,229,737$53,630,341$36,434,635$118,209,437
89$208,405,012$56,132,069$37,529,037$128,508,239
90$229,532,191$58,752,408$38,656,127$139,785,678
91$252,810,242$61,497,044$39,816,876$152,138,495
92$278,458,427$64,371,940$41,012,281$165,673,162
93$306,718,365$67,383,343$42,243,371$180,506,865
94$337,856,318$70,537,807$43,511,203$196,768,595
95$372,165,702$73,842,198$44,816,868$214,600,342
96$409,969,855$77,303,718$46,161,485$234,158,415
97$451,625,095$80,929,915$47,546,210$255,614,893
98$497,524,077$84,728,703$48,972,229$279,159,228
99$548,099,501$88,708,377$50,440,767$305,000,007
100$603,828,199$92,877,637$51,953,082$333,366,897