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%14%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,395,883
2 years$727,677$714,125$700,990$688,256$675,903$652,282
3 years$480,299$466,688$453,587$440,972$428,821$405,827
4 years$356,634$343,065$330,095$317,696$305,839$283,650
5 years$282,455$268,967$256,167$244,021$232,494$211,174
6 years$233,018$219,632$207,021$195,145$183,964$163,538
7 years$197,720$184,447$172,036$160,440$149,612$130,086
8 years$171,259$158,105$145,900$134,589$124,118$105,487
9 years$150,688$137,659$125,664$114,640$104,525$86,780
10 years$134,242$121,339$109,556$98,821$89,061$72,186
11 years$120,794$108,021$96,452$86,004$76,595$60,573
12 years$109,596$96,954$85,598$75,437$66,376$51,186
13 years$100,128$87,618$76,477$66,599$57,881$43,501
14 years$92,019$79,643$68,715$59,119$50,738$37,143
15 years$84,998$72,755$62,040$52,724$44,674$31,839
16 years$78,861$66,751$56,248$47,209$39,483$27,381
17 years$73,451$61,475$51,184$42,417$35,008$23,612
18 years$68,648$56,806$46,724$38,226$31,128$20,409
19 years$64,355$52,647$42,774$34,540$27,745$17,676
20 years$60,497$48,922$39,256$31,283$24,782$15,335
21 years$57,010$45,569$36,108$28,391$22,177$13,324
22 years$53,845$42,537$33,279$25,814$19,879$11,590
23 years$50,959$39,784$30,727$23,510$17,844$10,093
24 years$48,317$37,275$28,417$21,442$16,039$8,798
25 years$45,891$34,981$26,320$19,582$14,433$7,675
26 years$43,655$32,876$24,411$17,905$13,000$6,700
27 years$41,588$30,941$22,667$16,389$11,721$5,853
28 years$39,672$29,155$21,072$15,016$10,576$5,115
29 years$37,892$27,505$19,610$13,770$9,550$4,473
30 years$36,233$25,975$18,266$12,637$8,629$3,912
31 years$34,684$24,555$17,028$11,606$7,801$3,423
32 years$33,235$23,234$15,888$10,666$7,057$2,997
33 years$31,877$22,003$14,835$9,809$6,386$2,624
34 years$30,602$20,854$13,861$9,025$5,782$2,298
35 years$29,401$19,780$12,959$8,308$5,237$2,013
36 years$28,271$18,774$12,122$7,651$4,745$1,763
37 years$27,203$17,831$11,346$7,050$4,301$1,545
38 years$26,195$16,946$10,625$6,498$3,899$1,354
39 years$25,240$16,114$9,955$5,991$3,536$1,187
40 years$24,335$15,331$9,331$5,526$3,207$1,040
41 years$23,477$14,593$8,749$5,099$2,909$912
42 years$22,662$13,898$8,207$4,705$2,640$799
43 years$21,887$13,242$7,701$4,344$2,396$701
44 years$21,149$12,623$7,229$4,011$2,175$615
45 years$20,446$12,037$6,788$3,704$1,974$539
46 years$19,775$11,483$6,375$3,421$1,793$473
47 years$19,135$10,958$5,989$3,161$1,628$414
48 years$18,524$10,461$5,628$2,921$1,478$363
49 years$17,939$9,990$5,290$2,699$1,343$319
50 years$17,379$9,542$4,974$2,495$1,220$279

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 $4,008 every year, while hoping to spend $25,517 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: 46/28/26 Blend
63$17,800,000$17,800,000$17,800,000$17,800,000
64$19,619,734$18,676,334$18,400,434$20,375,343
65$21,593,797$19,564,325$18,989,699$21,797,366
66$23,768,359$20,494,972$19,597,849$23,336,520
67$26,163,845$21,470,338$20,225,489$25,006,038
68$28,802,760$22,492,587$20,873,246$26,818,134
69$31,709,905$23,563,988$21,541,764$28,786,219
70$34,912,612$24,686,920$22,231,709$30,925,024
71$38,440,996$25,863,876$22,943,769$33,250,735
72$42,328,244$27,097,473$23,678,652$35,781,133
73$46,610,930$28,390,454$24,437,091$38,535,761
74$51,329,353$29,745,695$25,219,843$41,536,094
75$56,527,925$31,166,212$26,027,685$44,805,742
76$62,255,585$32,655,168$26,861,424$48,370,659
77$68,566,264$34,215,880$27,721,891$52,259,380
78$75,519,391$35,851,826$28,609,942$56,503,283
79$83,180,457$37,566,653$29,526,464$61,136,877
80$91,621,631$39,364,187$30,472,368$66,198,114
81$100,922,444$41,248,439$31,448,598$71,728,742
82$111,170,534$43,223,613$32,456,128$77,774,683
83$122,462,481$45,294,123$33,495,960$84,386,461
84$134,904,712$47,464,593$34,569,133$91,619,663
85$148,614,509$49,739,874$35,676,715$99,535,454
86$163,721,114$52,125,054$36,819,811$108,201,141
87$180,366,954$54,625,467$37,999,560$117,690,795
88$198,708,976$57,246,708$39,217,139$128,085,937
89$218,920,140$59,994,645$40,473,761$139,476,292
90$241,191,042$62,875,431$41,770,680$151,960,622
91$265,731,720$65,895,518$43,109,189$165,647,642
92$292,773,631$69,061,673$44,490,622$180,657,029
93$322,571,841$72,380,995$45,916,358$197,120,535
94$355,407,430$75,860,925$47,387,817$215,183,214
95$391,590,147$79,509,270$48,906,468$235,004,771
96$431,461,333$83,334,215$50,473,826$256,761,051
97$475,397,143$87,344,346$52,091,453$280,645,675
98$523,812,098$91,548,666$53,760,964$306,871,851
99$577,162,999$95,956,617$55,484,023$335,674,362
100$635,953,237$100,578,103$57,262,350$367,311,756