Can I retire at age 64 with 17,800,000?

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,386,210
2 years$727,677$714,125$700,990$688,256$675,903$642,656
3 years$480,299$466,688$453,587$440,972$428,821$396,553
4 years$356,634$343,065$330,095$317,696$305,839$274,798
5 years$282,455$268,967$256,167$244,021$232,494$202,768
6 years$233,018$219,632$207,021$195,145$183,964$155,583
7 years$197,720$184,447$172,036$160,440$149,612$122,580
8 years$171,259$158,105$145,900$134,589$124,118$98,424
9 years$150,688$137,659$125,664$114,640$104,525$80,150
10 years$134,242$121,339$109,556$98,821$89,061$65,977
11 years$120,794$108,021$96,452$86,004$76,595$54,771
12 years$109,596$96,954$85,598$75,437$66,376$45,775
13 years$100,128$87,618$76,477$66,599$57,881$38,466
14 years$92,019$79,643$68,715$59,119$50,738$32,468
15 years$84,998$72,755$62,040$52,724$44,674$27,505
16 years$78,861$66,751$56,248$47,209$39,483$23,372
17 years$73,451$61,475$51,184$42,417$35,008$19,910
18 years$68,648$56,806$46,724$38,226$31,128$16,998
19 years$64,355$52,647$42,774$34,540$27,745$14,537
20 years$60,497$48,922$39,256$31,283$24,782$12,452
21 years$57,010$45,569$36,108$28,391$22,177$10,679
22 years$53,845$42,537$33,279$25,814$19,879$9,169
23 years$50,959$39,784$30,727$23,510$17,844$7,880
24 years$48,317$37,275$28,417$21,442$16,039$6,777
25 years$45,891$34,981$26,320$19,582$14,433$5,833
26 years$43,655$32,876$24,411$17,905$13,000$5,023
27 years$41,588$30,941$22,667$16,389$11,721$4,328
28 years$39,672$29,155$21,072$15,016$10,576$3,731
29 years$37,892$27,505$19,610$13,770$9,550$3,217
30 years$36,233$25,975$18,266$12,637$8,629$2,775
31 years$34,684$24,555$17,028$11,606$7,801$2,394
32 years$33,235$23,234$15,888$10,666$7,057$2,066
33 years$31,877$22,003$14,835$9,809$6,386$1,783
34 years$30,602$20,854$13,861$9,025$5,782$1,540
35 years$29,401$19,780$12,959$8,308$5,237$1,330
36 years$28,271$18,774$12,122$7,651$4,745$1,148
37 years$27,203$17,831$11,346$7,050$4,301$992
38 years$26,195$16,946$10,625$6,498$3,899$857
39 years$25,240$16,114$9,955$5,991$3,536$740
40 years$24,335$15,331$9,331$5,526$3,207$639
41 years$23,477$14,593$8,749$5,099$2,909$552
42 years$22,662$13,898$8,207$4,705$2,640$477
43 years$21,887$13,242$7,701$4,344$2,396$412
44 years$21,149$12,623$7,229$4,011$2,175$356
45 years$20,446$12,037$6,788$3,704$1,974$308
46 years$19,775$11,483$6,375$3,421$1,793$266
47 years$19,135$10,958$5,989$3,161$1,628$230
48 years$18,524$10,461$5,628$2,921$1,478$199
49 years$17,939$9,990$5,290$2,699$1,343$172
50 years$17,379$9,542$4,974$2,495$1,220$148

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $17,800,000, adding $5,695 every year, while hoping to spend $26,213 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: 73/15/12 Blend
63$17,800,000$17,800,000$17,800,000$17,800,000
64$19,621,474$18,678,074$18,402,174$21,005,420
65$21,594,974$19,565,410$18,990,757$22,808,538
66$23,768,893$20,495,346$19,598,178$24,779,101
67$26,163,645$21,469,942$20,225,042$26,936,758
68$28,801,726$22,491,360$20,871,971$29,300,021
69$31,707,928$23,561,862$21,539,608$31,889,271
70$34,909,568$24,683,825$22,228,616$34,726,939
71$38,436,750$25,859,737$22,939,680$37,837,720
72$42,322,645$27,092,211$23,673,506$41,248,797
73$46,603,810$28,383,985$24,430,824$44,990,100
74$51,320,529$29,737,930$25,212,386$49,094,580
75$56,517,191$31,157,057$26,018,969$53,598,519
76$62,242,714$32,644,523$26,851,375$58,541,864
77$68,551,005$34,203,639$27,710,430$63,968,605
78$75,501,468$35,837,877$28,596,990$69,927,182
79$83,159,562$37,550,878$29,511,934$76,470,938
80$91,597,426$39,346,460$30,456,172$83,658,617
81$100,894,554$41,228,626$31,430,644$91,554,917
82$111,138,545$43,201,575$32,436,317$100,231,089
83$122,425,935$45,269,711$33,474,192$109,765,609
84$134,863,103$47,437,649$34,545,300$120,244,909
85$148,567,278$49,710,233$35,650,707$131,764,190
86$163,667,646$52,092,540$36,791,511$144,428,311
87$180,306,567$54,589,895$37,968,847$158,352,773
88$198,640,919$57,207,882$39,183,885$173,664,804
89$218,843,582$59,952,358$40,437,835$190,504,551
90$241,105,067$62,829,463$41,731,942$209,026,392
91$265,635,316$65,845,639$43,067,495$229,400,390
92$292,665,683$69,007,640$44,445,821$251,813,889
93$322,451,118$72,322,549$45,868,290$276,473,269
94$355,272,573$75,797,796$47,336,319$303,605,892
95$391,439,657$79,441,169$48,851,368$333,462,231
96$431,293,556$83,260,840$50,414,943$366,318,230
97$475,210,255$87,265,378$52,028,599$402,477,894
98$523,604,087$91,463,767$53,693,944$442,276,152
99$576,931,645$95,865,433$55,412,632$486,082,003
100$635,696,092$100,480,259$57,186,374$534,301,989