Can I retire at age 64 with 17,900,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,380,575
2 years$731,765$718,137$704,928$692,122$679,701$633,001
3 years$482,997$469,310$456,135$443,449$431,230$386,093
4 years$358,638$344,993$331,950$319,480$307,557$264,327
5 years$284,042$270,478$257,607$245,392$233,800$192,594
6 years$234,327$220,866$208,184$196,242$184,998$145,849
7 years$198,831$185,483$173,002$161,341$150,453$113,356
8 years$172,221$158,993$146,720$135,345$124,815$89,744
9 years$151,535$138,432$126,370$115,284$105,112$72,025
10 years$134,996$122,021$110,172$99,376$89,561$58,407
11 years$121,473$108,628$96,994$86,487$77,025$47,745
12 years$110,211$97,499$86,079$75,860$66,749$39,277
13 years$100,690$88,110$76,906$66,973$58,206$32,475
14 years$92,536$80,090$69,101$59,452$51,023$26,961
15 years$85,476$73,164$62,388$53,020$44,925$22,458
16 years$79,304$67,126$56,564$47,474$39,705$18,757
17 years$73,864$61,821$51,471$42,655$35,205$15,702
18 years$69,033$57,125$46,987$38,441$31,303$13,169
19 years$64,717$52,943$43,014$34,734$27,901$11,061
20 years$60,836$49,197$39,476$31,459$24,921$9,303
21 years$57,330$45,825$36,310$28,551$22,302$7,832
22 years$54,147$42,776$33,466$25,959$19,990$6,600
23 years$51,245$40,008$30,900$23,642$17,945$5,566
24 years$48,589$37,485$28,577$21,562$16,129$4,697
25 years$46,149$35,177$26,468$19,692$14,514$3,966
26 years$43,900$33,061$24,548$18,005$13,073$3,350
27 years$41,822$31,114$22,795$16,481$11,787$2,831
28 years$39,895$29,319$21,191$15,100$10,635$2,393
29 years$38,105$27,659$19,720$13,847$9,603$2,023
30 years$36,437$26,121$18,368$12,708$8,677$1,711
31 years$34,879$24,693$17,124$11,671$7,845$1,447
32 years$33,422$23,365$15,977$10,726$7,096$1,224
33 years$32,056$22,127$14,918$9,864$6,422$1,036
34 years$30,773$20,971$13,938$9,075$5,815$877
35 years$29,567$19,891$13,031$8,354$5,267$742
36 years$28,429$18,879$12,191$7,694$4,772$628
37 years$27,356$17,931$11,410$7,089$4,325$531
38 years$26,342$17,041$10,685$6,534$3,921$450
39 years$25,382$16,204$10,011$6,025$3,556$381
40 years$24,472$15,417$9,383$5,557$3,225$322
41 years$23,609$14,675$8,798$5,127$2,926$273
42 years$22,789$13,976$8,253$4,732$2,655$231
43 years$22,010$13,317$7,745$4,368$2,409$196
44 years$21,268$12,694$7,270$4,033$2,187$166
45 years$20,561$12,104$6,826$3,725$1,985$140
46 years$19,886$11,547$6,411$3,441$1,803$119
47 years$19,243$11,020$6,023$3,179$1,637$101
48 years$18,628$10,520$5,660$2,937$1,487$85
49 years$18,039$10,046$5,320$2,714$1,350$72
50 years$17,477$9,596$5,002$2,509$1,226$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $17,900,000, adding $4,709 every year, while hoping to spend $24,930 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: 40/33/27 Blend
63$17,900,000$17,900,000$17,900,000$17,900,000
64$19,730,657$18,781,957$18,504,507$20,362,294
65$21,716,659$19,675,748$19,097,883$21,714,777
66$23,904,397$20,612,499$19,710,301$23,174,354
67$26,314,423$21,594,288$20,342,374$24,752,993
68$28,969,383$22,623,297$20,994,731$26,461,607
69$31,894,231$23,701,810$21,668,026$28,312,169
70$35,116,468$24,832,223$22,362,930$30,317,818
71$38,666,397$26,017,052$23,080,138$32,492,977
72$42,577,413$27,258,931$23,820,366$34,853,477
73$46,886,314$28,560,623$24,584,353$37,416,703
74$51,633,652$29,925,028$25,372,863$40,201,746
75$56,864,114$31,355,184$26,186,684$43,229,577
76$62,626,944$32,854,278$27,026,628$46,523,231
77$68,976,407$34,425,653$27,893,535$50,108,021
78$75,972,304$36,072,813$28,788,271$54,011,761
79$83,680,531$37,799,433$29,711,730$58,265,021
80$92,173,707$39,609,368$30,664,836$62,901,402
81$101,531,857$41,506,658$31,648,540$67,957,846
82$111,843,166$43,495,544$32,663,825$73,474,964
83$123,204,813$45,580,470$33,711,707$79,497,416
84$135,723,888$47,766,096$34,793,233$86,074,314
85$149,518,402$50,057,313$35,909,484$93,259,669
86$164,718,403$52,459,245$37,061,575$101,112,895
87$181,467,201$54,977,269$38,250,659$109,699,343
88$199,922,724$57,617,023$39,477,925$119,090,913
89$220,259,005$60,384,420$40,744,598$129,366,706
90$242,667,827$63,285,661$42,051,946$140,613,763
91$267,360,535$66,327,248$43,401,276$152,927,859
92$294,570,028$69,516,002$44,793,937$166,414,393
93$324,552,959$72,859,074$46,231,322$181,189,362
94$357,592,158$76,363,966$47,714,868$197,380,437
95$393,999,301$80,038,543$49,246,059$215,128,141
96$434,117,854$83,891,056$50,826,427$234,587,157
97$478,326,314$87,930,157$52,457,551$255,927,763
98$527,041,783$92,164,919$54,141,064$279,337,414
99$580,723,905$96,604,860$55,878,649$305,022,486
100$639,879,204$101,259,959$57,672,045$333,210,194