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

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,376,450
2 years$711,325$698,077$685,238$672,789$660,714$649,575
3 years$469,506$456,201$443,394$431,063$419,184$408,301
4 years$348,620$335,356$322,677$310,556$298,966$288,423
5 years$276,108$262,923$250,411$238,537$227,269$217,098
6 years$227,782$214,697$202,369$190,760$179,830$170,043
7 years$193,277$180,302$168,170$156,834$146,250$136,851
8 years$167,410$154,552$142,621$131,564$121,329$112,318
9 years$147,302$134,565$122,840$112,064$102,176$93,552
10 years$131,225$118,613$107,094$96,600$87,059$78,816
11 years$118,079$105,594$94,284$84,071$74,874$67,006
12 years$107,133$94,775$83,675$73,741$64,884$57,383
13 years$97,878$85,649$74,758$65,103$56,580$49,439
14 years$89,951$77,853$67,170$57,791$49,598$42,807
15 years$83,088$71,120$60,646$51,539$43,670$37,221
16 years$77,089$65,251$54,984$46,148$38,596$32,478
17 years$71,800$60,094$50,034$41,463$34,221$28,424
18 years$67,105$55,529$45,674$37,367$30,428$24,941
19 years$62,909$51,464$41,813$33,764$27,121$21,934
20 years$59,137$47,823$38,373$30,580$24,225$19,326
21 years$55,729$44,545$35,296$27,753$21,679$17,057
22 years$52,635$41,581$32,531$25,234$19,432$15,076
23 years$49,814$38,890$30,036$22,981$17,443$13,342
24 years$47,232$36,438$27,779$20,960$15,678$11,821
25 years$44,860$34,195$25,729$19,142$14,108$10,483
26 years$42,674$32,138$23,862$17,502$12,708$9,305
27 years$40,654$30,245$22,158$16,020$11,457$8,266
28 years$38,781$28,500$20,599$14,678$10,338$7,347
29 years$37,040$26,886$19,169$13,460$9,335$6,535
30 years$35,419$25,391$17,855$12,353$8,435$5,815
31 years$33,905$24,003$16,646$11,345$7,626$5,177
32 years$32,489$22,712$15,531$10,427$6,898$4,611
33 years$31,161$21,509$14,501$9,588$6,243$4,108
34 years$29,914$20,385$13,549$8,822$5,652$3,662
35 years$28,741$19,335$12,667$8,121$5,119$3,265
36 years$27,635$18,352$11,850$7,479$4,639$2,911
37 years$26,592$17,430$11,091$6,891$4,204$2,597
38 years$25,606$16,565$10,387$6,352$3,811$2,317
39 years$24,673$15,751$9,731$5,857$3,456$2,067
40 years$23,789$14,986$9,121$5,402$3,135$1,845
41 years$22,950$14,266$8,553$4,984$2,844$1,647
42 years$22,153$13,586$8,023$4,600$2,581$1,470
43 years$21,395$12,945$7,528$4,246$2,342$1,312
44 years$20,674$12,339$7,066$3,920$2,126$1,172
45 years$19,986$11,766$6,635$3,621$1,930$1,046
46 years$19,331$11,225$6,232$3,344$1,752$935
47 years$18,705$10,712$5,855$3,090$1,591$835
48 years$18,107$10,226$5,502$2,855$1,445$745
49 years$17,536$9,765$5,171$2,639$1,312$666
50 years$16,988$9,328$4,862$2,439$1,192$595

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 $6,527 every year, while hoping to spend $29,947 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: 78/7/15 Blend
63$17,400,000$17,400,000$17,400,000$17,400,000
64$19,181,533$18,259,333$17,989,633$20,616,711
65$21,106,186$19,122,177$18,560,422$22,426,308
66$23,226,149$20,026,296$19,149,329$24,406,317
67$25,561,314$20,973,682$19,756,929$26,577,383
68$28,133,598$21,966,422$20,383,816$28,958,589
69$30,967,153$23,006,705$21,030,602$31,570,952
70$34,088,595$24,096,826$21,697,919$34,437,617
71$37,527,251$25,239,190$22,386,419$37,584,070
72$41,315,441$26,436,321$23,096,775$41,038,382
73$45,488,780$27,690,864$23,829,681$44,831,467
74$50,086,513$29,005,594$24,585,852$48,997,373
75$55,151,888$30,383,419$25,366,029$53,573,604
76$60,732,563$31,827,388$26,170,973$58,601,466
77$66,881,054$33,340,701$27,001,471$64,126,459
78$73,655,236$34,926,709$27,858,334$70,198,698
79$81,118,882$36,588,929$28,742,400$76,873,391
80$89,342,270$38,331,049$29,654,532$84,211,350
81$98,402,845$40,156,935$30,595,623$92,279,566
82$108,385,951$42,070,640$31,566,592$101,151,838
83$119,385,633$44,076,416$32,568,388$110,909,462
84$131,505,529$46,178,722$33,601,990$121,642,000
85$144,859,844$48,382,231$34,668,408$133,448,120
86$159,574,434$50,691,845$35,768,685$146,436,522
87$175,787,986$53,112,706$36,903,897$160,726,963
88$193,653,335$55,650,203$38,075,152$176,451,379
89$213,338,902$58,309,989$39,283,595$193,755,132
90$235,030,283$61,097,992$40,530,409$212,798,372
91$258,932,006$64,020,427$41,816,812$233,757,547
92$285,269,456$67,083,814$43,144,061$256,827,065
93$314,291,008$70,294,988$44,513,454$282,221,121
94$346,270,366$73,661,118$45,926,330$310,175,715
95$381,509,151$77,189,721$47,384,070$340,950,873
96$420,339,747$80,888,680$48,888,099$374,833,102
97$463,128,440$84,766,263$50,439,888$412,138,078
98$510,278,870$88,831,140$52,040,954$453,213,630
99$562,235,852$93,092,403$53,692,863$498,443,010
100$619,489,565$97,559,586$55,397,230$548,248,510