Can I retire at age 64 with 17,600,000?

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,394,604
2 years$719,501$706,101$693,114$680,522$668,309$659,387
3 years$474,902$461,445$448,491$436,017$424,003$415,280
4 years$352,627$339,211$326,386$314,126$302,402$293,946
5 years$279,281$265,945$253,289$241,279$229,881$221,717
6 years$230,400$217,164$204,695$192,953$181,897$174,034
7 years$195,499$182,374$170,103$158,637$147,931$140,374
8 years$169,334$156,328$144,261$133,077$122,723$115,472
9 years$148,995$136,112$124,252$113,352$103,351$96,403
10 years$132,733$119,976$108,325$97,710$88,060$81,413
11 years$119,437$106,808$95,368$85,037$75,735$69,384
12 years$108,364$95,865$84,637$74,589$65,630$59,569
13 years$99,003$86,634$75,617$65,851$57,231$51,454
14 years$90,985$78,748$67,942$58,455$50,168$44,669
15 years$84,043$71,937$61,343$52,132$44,172$38,943
16 years$77,975$66,001$55,616$46,678$39,039$34,073
17 years$72,626$60,785$50,609$41,940$34,615$29,904
18 years$67,876$56,168$46,199$37,796$30,778$26,314
19 years$63,632$52,056$42,293$34,152$27,433$23,207
20 years$59,817$48,373$38,815$30,932$24,504$20,507
21 years$56,369$45,057$35,702$28,072$21,928$18,153
22 years$53,240$42,059$32,905$25,524$19,655$16,093
23 years$50,386$39,337$30,382$23,245$17,644$14,285
24 years$47,775$36,856$28,098$21,201$15,859$12,695
25 years$45,376$34,588$26,024$19,362$14,270$11,294
26 years$43,165$32,507$24,136$17,704$12,854$10,056
27 years$41,121$30,593$22,413$16,205$11,589$8,961
28 years$39,227$28,828$20,835$14,847$10,457$7,990
29 years$37,466$27,196$19,389$13,615$9,443$7,130
30 years$35,826$25,683$18,060$12,495$8,532$6,365
31 years$34,295$24,279$16,837$11,476$7,714$5,685
32 years$32,862$22,973$15,709$10,547$6,978$5,080
33 years$31,519$21,756$14,668$9,698$6,315$4,542
34 years$30,258$20,620$13,705$8,923$5,717$4,061
35 years$29,071$19,557$12,813$8,214$5,178$3,633
36 years$27,953$18,563$11,986$7,565$4,692$3,251
37 years$26,898$17,630$11,219$6,970$4,252$2,909
38 years$25,900$16,755$10,506$6,425$3,855$2,604
39 years$24,956$15,933$9,843$5,924$3,496$2,332
40 years$24,062$15,159$9,226$5,464$3,171$2,088
41 years$23,213$14,429$8,651$5,041$2,877$1,870
42 years$22,407$13,742$8,115$4,652$2,610$1,675
43 years$21,641$13,093$7,615$4,295$2,369$1,501
44 years$20,911$12,481$7,148$3,966$2,150$1,345
45 years$20,216$11,902$6,711$3,662$1,952$1,205
46 years$19,553$11,354$6,304$3,383$1,772$1,080
47 years$18,920$10,835$5,922$3,125$1,610$968
48 years$18,315$10,343$5,565$2,888$1,462$868
49 years$17,737$9,877$5,231$2,669$1,328$778
50 years$17,184$9,435$4,918$2,467$1,206$697

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $17,600,000, adding $6,465 every year, while hoping to spend $21,598 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: 45/27/28 Blend
63$17,600,000$17,600,000$17,600,000$17,600,000
64$19,401,869$18,469,069$18,196,269$20,117,560
65$21,357,879$19,351,073$18,782,864$21,509,136
66$23,512,679$20,275,572$19,388,385$23,014,823
67$25,886,521$21,244,624$20,013,446$24,647,407
68$28,501,726$22,260,390$20,658,675$26,418,751
69$31,382,886$23,325,133$21,324,726$28,341,882
70$34,557,106$24,441,230$22,012,269$30,431,107
71$38,054,251$25,611,170$22,722,000$32,702,144
72$41,907,232$26,837,566$23,454,635$35,172,259
73$46,152,319$28,123,155$24,210,914$37,860,428
74$50,829,476$29,470,810$24,991,600$40,787,505
75$55,982,747$30,883,544$25,797,483$43,976,413
76$61,660,664$32,364,515$26,629,376$47,452,348
77$67,916,710$33,917,035$27,488,118$51,243,014
78$74,809,823$35,544,578$28,374,579$55,378,874
79$82,404,950$37,250,787$29,289,652$59,893,425
80$90,773,662$39,039,483$30,234,263$64,823,510
81$99,994,831$40,914,673$31,209,366$70,209,652
82$110,155,370$42,880,558$32,215,946$76,096,426
83$121,351,057$44,941,545$33,255,020$82,532,872
84$133,687,439$47,102,255$34,327,637$89,572,943
85$147,280,828$49,367,535$35,434,883$97,276,003
86$162,259,396$51,742,468$36,577,875$105,707,379
87$178,764,390$54,232,384$37,757,769$114,938,957
88$196,951,460$56,842,874$38,975,757$125,049,854
89$216,992,135$59,579,801$40,233,071$136,127,147
90$239,075,435$62,449,313$41,530,981$148,266,681
91$263,409,660$65,457,860$42,870,799$161,573,958
92$290,224,354$68,612,204$44,253,880$176,165,117
93$319,772,475$71,919,438$45,681,621$192,168,012
94$352,332,779$75,387,002$47,155,467$209,723,405
95$388,212,454$79,022,697$48,676,907$228,986,270
96$427,750,021$82,834,706$50,247,481$250,127,243
97$471,318,527$86,831,610$51,868,775$273,334,208
98$519,329,067$91,022,410$53,542,429$298,814,051
99$572,234,668$95,416,544$55,270,137$326,794,591
100$630,534,563$100,023,913$57,053,645$357,526,708