Can I retire at age 64 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,355,958
2 years$723,589$710,113$697,052$684,389$672,106$616,906
3 years$477,601$464,066$451,039$438,495$426,412$373,213
4 years$354,631$341,138$328,241$315,911$304,120$253,328
5 years$280,868$267,456$254,728$242,650$231,188$182,931
6 years$231,709$218,398$205,858$194,049$182,931$137,242
7 years$196,609$183,410$171,069$159,538$148,772$105,635
8 years$170,296$157,217$145,080$133,833$123,420$82,792
9 years$149,842$136,885$124,958$113,996$103,938$65,757
10 years$133,487$120,658$108,941$98,265$88,560$52,754
11 years$120,115$107,415$95,910$85,520$76,165$42,650
12 years$108,980$96,409$85,118$75,013$66,003$34,690
13 years$99,565$87,126$76,047$66,225$57,556$28,351
14 years$91,502$79,195$68,328$58,787$50,453$23,259
15 years$84,521$72,346$61,691$52,428$44,423$19,141
16 years$78,418$66,376$55,932$46,944$39,261$15,792
17 years$73,038$61,130$50,896$42,178$34,812$13,055
18 years$68,262$56,487$46,462$38,011$30,953$10,810
19 years$63,994$52,351$42,533$34,346$27,589$8,964
20 years$60,157$48,648$39,035$31,107$24,643$7,441
21 years$56,690$45,313$35,905$28,232$22,053$6,183
22 years$53,542$42,298$33,092$25,669$19,767$5,142
23 years$50,673$39,561$30,554$23,377$17,744$4,278
24 years$48,046$37,066$28,258$21,322$15,949$3,562
25 years$45,633$34,784$26,172$19,472$14,351$2,967
26 years$43,410$32,692$24,273$17,804$12,927$2,472
27 years$41,355$30,767$22,540$16,297$11,655$2,060
28 years$39,449$28,991$20,954$14,931$10,517$1,717
29 years$37,679$27,350$19,499$13,692$9,496$1,432
30 years$36,030$25,829$18,163$12,566$8,580$1,194
31 years$34,490$24,417$16,933$11,541$7,757$996
32 years$33,049$23,104$15,799$10,606$7,017$831
33 years$31,698$21,879$14,751$9,753$6,351$693
34 years$30,430$20,737$13,783$8,974$5,750$579
35 years$29,236$19,669$12,886$8,261$5,208$483
36 years$28,112$18,668$12,054$7,608$4,718$403
37 years$27,050$17,731$11,283$7,010$4,277$336
38 years$26,047$16,850$10,566$6,461$3,877$281
39 years$25,098$16,023$9,899$5,958$3,516$234
40 years$24,199$15,245$9,278$5,495$3,189$195
41 years$23,345$14,511$8,700$5,070$2,893$163
42 years$22,535$13,820$8,161$4,679$2,625$136
43 years$21,764$13,168$7,658$4,319$2,383$114
44 years$21,030$12,552$7,188$3,988$2,163$95
45 years$20,331$11,969$6,750$3,683$1,963$79
46 years$19,664$11,418$6,339$3,402$1,783$66
47 years$19,028$10,896$5,956$3,143$1,619$55
48 years$18,419$10,402$5,597$2,904$1,470$46
49 years$17,838$9,933$5,261$2,684$1,335$38
50 years$17,281$9,489$4,946$2,481$1,213$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $17,700,000, adding $3,141 every year, while hoping to spend $24,034 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: 53/26/21 Blend
63$17,700,000$17,700,000$17,700,000$17,700,000
64$19,508,640$18,570,540$18,296,190$20,429,820
65$21,472,949$19,454,924$18,883,540$21,947,904
66$23,636,813$20,381,838$19,489,761$23,596,167
67$26,020,559$21,353,340$20,115,460$25,389,245
68$28,646,591$22,371,588$20,761,262$27,340,947
69$31,539,593$23,438,846$21,427,815$29,466,449
70$34,726,770$24,557,488$22,115,786$31,782,431
71$38,238,099$25,730,003$22,825,862$34,307,230
72$42,106,613$26,959,001$23,558,756$37,061,007
73$46,368,714$28,247,219$24,315,202$40,065,927
74$51,064,517$29,597,527$25,095,955$43,346,368
75$56,238,228$31,012,936$25,901,799$46,929,139
76$61,938,558$32,496,601$26,733,541$50,843,727
77$68,219,189$34,051,832$27,592,013$55,122,568
78$75,139,276$35,682,101$28,478,075$59,801,346
79$82,764,006$37,391,048$29,392,614$64,919,321
80$91,165,215$39,182,490$30,336,547$70,519,687
81$100,422,065$41,060,430$31,310,819$76,649,978
82$110,621,790$43,029,066$32,316,406$83,362,500
83$121,860,523$45,092,800$33,354,316$90,714,821
84$134,244,198$47,256,249$34,425,588$98,770,297
85$147,889,556$49,524,256$35,531,295$107,598,665
86$162,925,244$51,901,897$36,672,546$117,276,688
87$179,493,026$54,394,497$37,850,483$127,888,867
88$197,749,128$57,007,641$39,066,288$139,528,225
89$217,865,709$59,747,185$40,321,179$152,297,175
90$240,032,485$62,619,271$41,616,412$166,308,471
91$264,458,524$65,630,341$42,953,287$181,686,260
92$291,374,214$68,787,148$44,333,143$198,567,236
93$321,033,444$72,096,778$45,757,363$217,101,917
94$353,715,996$75,566,661$47,227,375$237,456,050
95$389,730,187$79,204,588$48,744,653$259,812,156
96$429,415,784$83,018,730$50,310,716$284,371,236
97$473,147,205$87,017,659$51,927,136$311,354,653
98$521,337,058$91,210,362$53,595,533$341,006,197
99$574,440,034$95,606,266$55,317,580$373,594,370
100$632,957,202$100,215,257$57,095,003$409,414,897