Can I retire at age 64 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,374,154
2 years$711,325$698,077$685,238$672,789$660,714$647,270
3 years$469,506$456,201$443,394$431,063$419,184$406,058
4 years$348,620$335,356$322,677$310,556$298,966$286,260
5 years$276,108$262,923$250,411$238,537$227,269$215,020
6 years$227,782$214,697$202,369$190,760$179,830$168,053
7 years$193,277$180,302$168,170$156,834$146,250$134,951
8 years$167,410$154,552$142,621$131,564$121,329$110,506
9 years$147,302$134,565$122,840$112,064$102,176$91,827
10 years$131,225$118,613$107,094$96,600$87,059$77,177
11 years$118,079$105,594$94,284$84,071$74,874$65,450
12 years$107,133$94,775$83,675$73,741$64,884$55,910
13 years$97,878$85,649$74,758$65,103$56,580$48,046
14 years$89,951$77,853$67,170$57,791$49,598$41,492
15 years$83,088$71,120$60,646$51,539$43,670$35,980
16 years$77,089$65,251$54,984$46,148$38,596$31,309
17 years$71,800$60,094$50,034$41,463$34,221$27,325
18 years$67,105$55,529$45,674$37,367$30,428$23,909
19 years$62,909$51,464$41,813$33,764$27,121$20,966
20 years$59,137$47,823$38,373$30,580$24,225$18,419
21 years$55,729$44,545$35,296$27,753$21,679$16,208
22 years$52,635$41,581$32,531$25,234$19,432$14,283
23 years$49,814$38,890$30,036$22,981$17,443$12,602
24 years$47,232$36,438$27,779$20,960$15,678$11,131
25 years$44,860$34,195$25,729$19,142$14,108$9,841
26 years$42,674$32,138$23,862$17,502$12,708$8,707
27 years$40,654$30,245$22,158$16,020$11,457$7,710
28 years$38,781$28,500$20,599$14,678$10,338$6,831
29 years$37,040$26,886$19,169$13,460$9,335$6,056
30 years$35,419$25,391$17,855$12,353$8,435$5,372
31 years$33,905$24,003$16,646$11,345$7,626$4,767
32 years$32,489$22,712$15,531$10,427$6,898$4,232
33 years$31,161$21,509$14,501$9,588$6,243$3,758
34 years$29,914$20,385$13,549$8,822$5,652$3,338
35 years$28,741$19,335$12,667$8,121$5,119$2,966
36 years$27,635$18,352$11,850$7,479$4,639$2,636
37 years$26,592$17,430$11,091$6,891$4,204$2,344
38 years$25,606$16,565$10,387$6,352$3,811$2,084
39 years$24,673$15,751$9,731$5,857$3,456$1,853
40 years$23,789$14,986$9,121$5,402$3,135$1,648
41 years$22,950$14,266$8,553$4,984$2,844$1,466
42 years$22,153$13,586$8,023$4,600$2,581$1,304
43 years$21,395$12,945$7,528$4,246$2,342$1,160
44 years$20,674$12,339$7,066$3,920$2,126$1,032
45 years$19,986$11,766$6,635$3,621$1,930$919
46 years$19,331$11,225$6,232$3,344$1,752$818
47 years$18,705$10,712$5,855$3,090$1,591$728
48 years$18,107$10,226$5,502$2,855$1,445$648
49 years$17,536$9,765$5,171$2,639$1,312$577
50 years$16,988$9,328$4,862$2,439$1,192$513

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $17,400,000, adding $3,775 every year, while hoping to spend $34,485 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: 61/30/9 Blend
63$17,400,000$17,400,000$17,400,000$17,400,000
64$19,178,694$18,256,494$17,986,794$20,310,351
65$21,098,229$19,114,370$18,552,660$21,926,552
66$23,212,401$20,013,127$19,136,326$23,684,962
67$25,541,026$20,954,730$19,738,353$25,602,726
68$28,105,941$21,941,243$20,359,319$27,695,226
69$30,931,209$22,974,826$20,999,818$29,979,373
70$34,043,346$24,057,746$21,660,465$32,473,764
71$37,471,571$25,192,379$22,341,895$35,198,845
72$41,248,083$26,381,217$23,044,760$38,177,108
73$45,408,363$27,626,873$23,769,735$41,433,287
74$49,991,510$28,932,084$24,517,516$44,994,594
75$55,040,611$30,299,722$25,288,819$48,890,961
76$60,603,144$31,732,799$26,084,385$53,155,322
77$66,731,429$33,234,471$26,904,976$57,823,911
78$73,483,123$34,808,048$27,751,381$62,936,602
79$80,921,759$36,457,000$28,624,410$68,537,270
80$89,117,353$38,184,967$29,524,902$74,674,205
81$98,147,056$39,995,764$30,453,720$81,400,551
82$108,095,891$41,893,392$31,411,754$88,774,803
83$119,057,548$43,882,045$32,399,925$96,861,349
84$131,135,275$45,966,122$33,419,179$105,731,065
85$144,442,847$48,150,235$34,470,495$115,461,976
86$159,105,642$50,439,221$35,554,881$126,139,980
87$175,261,825$52,838,150$36,673,377$137,859,646
88$193,063,651$55,352,341$37,827,056$150,725,098
89$212,678,906$57,987,367$39,017,025$164,850,981
90$234,292,484$60,749,077$40,244,424$180,363,532
91$258,108,136$63,643,602$41,510,432$197,401,755
92$284,350,397$66,677,369$42,816,262$216,118,723
93$313,266,698$69,857,121$44,163,168$236,683,002
94$345,129,708$73,189,926$45,552,440$259,280,232
95$380,239,903$76,683,197$46,985,412$284,114,855
96$418,928,408$80,344,709$48,463,458$311,412,034
97$461,560,117$84,182,611$49,987,995$341,419,756
98$508,537,142$88,205,452$51,560,486$374,411,154
99$560,302,608$92,422,197$53,182,440$410,687,068
100$617,344,834$96,842,244$54,855,411$450,578,859