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

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,407,203
2 years$731,765$718,137$704,928$692,122$679,701$659,420
3 years$482,997$469,310$456,135$443,449$431,230$411,468
4 years$358,638$344,993$331,950$319,480$307,557$288,466
5 years$284,042$270,478$257,607$245,392$233,800$215,435
6 years$234,327$220,866$208,184$196,242$184,998$167,381
7 years$198,831$185,483$173,002$161,341$150,453$133,590
8 years$172,221$158,993$146,720$135,345$124,815$108,704
9 years$151,535$138,432$126,370$115,284$105,112$89,745
10 years$134,996$122,021$110,172$99,376$89,561$74,927
11 years$121,473$108,628$96,994$86,487$77,025$63,110
12 years$110,211$97,499$86,079$75,860$66,749$53,535
13 years$100,690$88,110$76,906$66,973$58,206$45,677
14 years$92,536$80,090$69,101$59,452$51,023$39,158
15 years$85,476$73,164$62,388$53,020$44,925$33,704
16 years$79,304$67,126$56,564$47,474$39,705$29,107
17 years$73,864$61,821$51,471$42,655$35,205$25,208
18 years$69,033$57,125$46,987$38,441$31,303$21,883
19 years$64,717$52,943$43,014$34,734$27,901$19,036
20 years$60,836$49,197$39,476$31,459$24,921$16,589
21 years$57,330$45,825$36,310$28,551$22,302$14,478
22 years$54,147$42,776$33,466$25,959$19,990$12,653
23 years$51,245$40,008$30,900$23,642$17,945$11,070
24 years$48,589$37,485$28,577$21,562$16,129$9,694
25 years$46,149$35,177$26,468$19,692$14,514$8,497
26 years$43,900$33,061$24,548$18,005$13,073$7,453
27 years$41,822$31,114$22,795$16,481$11,787$6,542
28 years$39,895$29,319$21,191$15,100$10,635$5,746
29 years$38,105$27,659$19,720$13,847$9,603$5,048
30 years$36,437$26,121$18,368$12,708$8,677$4,438
31 years$34,879$24,693$17,124$11,671$7,845$3,903
32 years$33,422$23,365$15,977$10,726$7,096$3,433
33 years$32,056$22,127$14,918$9,864$6,422$3,021
34 years$30,773$20,971$13,938$9,075$5,815$2,659
35 years$29,567$19,891$13,031$8,354$5,267$2,341
36 years$28,429$18,879$12,191$7,694$4,772$2,061
37 years$27,356$17,931$11,410$7,089$4,325$1,815
38 years$26,342$17,041$10,685$6,534$3,921$1,599
39 years$25,382$16,204$10,011$6,025$3,556$1,409
40 years$24,472$15,417$9,383$5,557$3,225$1,241
41 years$23,609$14,675$8,798$5,127$2,926$1,094
42 years$22,789$13,976$8,253$4,732$2,655$964
43 years$22,010$13,317$7,745$4,368$2,409$849
44 years$21,268$12,694$7,270$4,033$2,187$749
45 years$20,561$12,104$6,826$3,725$1,985$660
46 years$19,886$11,547$6,411$3,441$1,803$582
47 years$19,243$11,020$6,023$3,179$1,637$513
48 years$18,628$10,520$5,660$2,937$1,487$452
49 years$18,039$10,046$5,320$2,714$1,350$398
50 years$17,477$9,596$5,002$2,509$1,226$351

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 $4,582 every year, while hoping to spend $43,938 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: 23/48/29 Blend
63$17,900,000$17,900,000$17,900,000$17,900,000
64$19,730,526$18,781,826$18,504,376$20,003,696
65$21,696,290$19,655,386$19,077,523$21,116,492
66$23,861,090$20,570,278$19,668,398$22,303,026
67$26,245,179$21,528,480$20,277,548$23,572,429
68$28,870,880$22,532,067$20,905,538$24,931,572
69$31,762,785$23,583,214$21,552,949$26,387,958
70$34,947,998$24,684,200$22,220,381$27,949,785
71$38,456,382$25,837,415$22,908,453$29,626,009
72$42,320,848$27,045,363$23,617,801$31,426,426
73$46,577,660$28,310,672$24,349,083$33,361,745
74$51,266,780$29,636,093$25,102,975$35,443,685
75$56,432,242$31,024,513$25,880,176$37,685,070
76$62,122,574$32,478,957$26,681,405$40,099,938
77$68,391,249$34,002,598$27,507,404$42,703,661
78$75,297,192$35,598,760$28,358,938$45,513,080
79$82,905,337$37,270,931$29,236,794$48,546,643
80$91,287,239$39,022,765$30,141,784$51,824,572
81$100,521,751$40,858,094$31,074,747$55,369,032
82$110,695,764$42,780,935$32,036,546$59,204,328
83$121,905,031$44,795,500$33,028,069$63,357,119
84$134,255,070$46,906,205$34,050,236$67,856,647
85$147,862,159$49,117,681$35,103,990$72,734,998
86$162,854,432$51,434,780$36,190,307$78,027,386
87$179,373,092$53,862,593$37,310,190$83,772,464
88$197,573,743$56,406,455$38,464,677$90,012,668
89$217,627,854$59,071,961$39,654,833$96,794,597
90$239,724,385$61,864,977$40,881,760$104,169,427
91$264,071,565$64,791,653$42,146,591$112,193,374
92$290,898,858$67,858,438$43,450,496$120,928,194
93$320,459,134$71,072,093$44,794,679$130,441,746
94$353,031,048$74,439,708$46,180,383$140,808,600
95$388,921,677$77,968,716$47,608,889$152,110,715
96$428,469,417$81,666,912$49,081,515$164,438,180
97$472,047,174$85,542,467$50,599,623$177,890,037
98$520,065,890$89,603,952$52,164,614$192,575,176
99$572,978,417$93,860,352$53,777,935$208,613,336
100$631,283,795$98,321,089$55,441,075$226,136,195