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%16.5%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,373,958
2 years$723,589$710,113$697,052$684,389$672,106$634,623
3 years$477,601$464,066$451,039$438,495$426,412$390,083
4 years$354,631$341,138$328,241$315,911$304,120$269,225
5 years$280,868$267,456$254,728$242,650$231,188$197,821
6 years$231,709$218,398$205,858$194,049$182,931$151,126
7 years$196,609$183,410$171,069$159,538$148,772$118,531
8 years$170,296$157,217$145,080$133,833$123,420$94,729
9 years$149,842$136,885$124,958$113,996$103,938$76,769
10 years$133,487$120,658$108,941$98,265$88,560$62,880
11 years$120,115$107,415$95,910$85,520$76,165$51,934
12 years$108,980$96,409$85,118$75,013$66,003$43,178
13 years$99,565$87,126$76,047$66,225$57,556$36,089
14 years$91,502$79,195$68,328$58,787$50,453$30,295
15 years$84,521$72,346$61,691$52,428$44,423$25,521
16 years$78,418$66,376$55,932$46,944$39,261$21,563
17 years$73,038$61,130$50,896$42,178$34,812$18,263
18 years$68,262$56,487$46,462$38,011$30,953$15,499
19 years$63,994$52,351$42,533$34,346$27,589$13,177
20 years$60,157$48,648$39,035$31,107$24,643$11,218
21 years$56,690$45,313$35,905$28,232$22,053$9,562
22 years$53,542$42,298$33,092$25,669$19,767$8,159
23 years$50,673$39,561$30,554$23,377$17,744$6,968
24 years$48,046$37,066$28,258$21,322$15,949$5,955
25 years$45,633$34,784$26,172$19,472$14,351$5,093
26 years$43,410$32,692$24,273$17,804$12,927$4,358
27 years$41,355$30,767$22,540$16,297$11,655$3,730
28 years$39,449$28,991$20,954$14,931$10,517$3,195
29 years$37,679$27,350$19,499$13,692$9,496$2,737
30 years$36,030$25,829$18,163$12,566$8,580$2,345
31 years$34,490$24,417$16,933$11,541$7,757$2,010
32 years$33,049$23,104$15,799$10,606$7,017$1,723
33 years$31,698$21,879$14,751$9,753$6,351$1,477
34 years$30,430$20,737$13,783$8,974$5,750$1,267
35 years$29,236$19,669$12,886$8,261$5,208$1,087
36 years$28,112$18,668$12,054$7,608$4,718$932
37 years$27,050$17,731$11,283$7,010$4,277$800
38 years$26,047$16,850$10,566$6,461$3,877$686
39 years$25,098$16,023$9,899$5,958$3,516$589
40 years$24,199$15,245$9,278$5,495$3,189$505
41 years$23,345$14,511$8,700$5,070$2,893$433
42 years$22,535$13,820$8,161$4,679$2,625$372
43 years$21,764$13,168$7,658$4,319$2,383$319
44 years$21,030$12,552$7,188$3,988$2,163$274
45 years$20,331$11,969$6,750$3,683$1,963$235
46 years$19,664$11,418$6,339$3,402$1,783$202
47 years$19,028$10,896$5,956$3,143$1,619$173
48 years$18,419$10,402$5,597$2,904$1,470$149
49 years$17,838$9,933$5,261$2,684$1,335$128
50 years$17,281$9,489$4,946$2,481$1,213$109

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 $5,720 every year, while hoping to spend $59,934 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: 68/8/24 Blend
63$17,700,000$17,700,000$17,700,000$17,700,000
64$19,511,300$18,573,200$18,298,850$20,718,018
65$21,437,683$19,419,518$18,848,092$22,374,495
66$23,558,549$20,305,296$19,413,725$24,178,584
67$25,893,671$21,232,405$19,996,235$26,150,889
68$28,464,838$22,202,806$20,596,122$28,308,024
69$31,296,060$23,218,552$21,213,900$30,668,283
70$34,413,792$24,281,795$21,850,100$33,251,802
71$37,847,187$25,394,791$22,505,266$36,080,751
72$41,628,369$26,559,904$23,179,961$39,179,542
73$45,792,736$27,779,613$23,874,763$42,575,052
74$50,379,293$29,056,512$24,590,266$46,296,875
75$55,431,024$30,393,325$25,327,083$50,377,601
76$60,995,293$31,792,901$26,085,845$54,853,120
77$67,124,291$33,258,232$26,867,199$59,762,953
78$73,875,533$34,792,450$27,671,814$65,150,629
79$81,312,395$36,398,837$28,500,378$71,064,086
80$89,504,716$38,080,837$29,353,597$77,556,122
81$98,529,456$39,842,057$30,232,201$84,684,891
82$108,471,419$41,686,277$31,136,939$92,514,447
83$119,424,059$43,617,460$32,068,582$101,115,344
84$131,490,359$45,639,761$33,027,925$110,565,298
85$144,783,799$47,757,533$34,015,784$120,949,918
86$159,429,436$49,975,341$35,033,002$132,363,505
87$175,565,075$52,297,969$36,080,444$144,909,943
88$193,342,574$54,730,431$37,159,001$158,703,671
89$212,929,279$57,277,985$38,269,590$173,870,759
90$234,509,600$59,946,141$39,413,155$190,550,093
91$258,286,752$62,740,674$40,590,669$208,894,682
92$284,484,674$65,667,641$41,803,129$229,073,093
93$313,350,143$68,733,388$43,051,567$251,271,038
94$345,155,104$71,944,569$44,337,040$275,693,124
95$380,199,232$75,308,161$45,660,639$302,564,771
96$418,812,769$78,831,476$47,023,485$332,134,342
97$461,359,632$82,522,179$48,426,733$364,675,472
98$508,240,856$86,388,307$49,871,570$400,489,650
99$559,898,375$90,438,286$51,359,219$439,909,054
100$616,819,195$94,680,948$52,890,939$483,299,680