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%12.5%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,412,465
2 years$731,765$718,137$704,928$692,122$679,701$664,689
3 years$482,997$469,310$456,135$443,449$431,230$416,579
4 years$358,638$344,993$331,950$319,480$307,557$293,380
5 years$284,042$270,478$257,607$245,392$233,800$220,138
6 years$234,327$220,866$208,184$196,242$184,998$171,868
7 years$198,831$185,483$173,002$161,341$150,453$137,861
8 years$172,221$158,993$146,720$135,345$124,815$112,760
9 years$151,535$138,432$126,370$115,284$105,112$93,590
10 years$134,996$122,021$110,172$99,376$89,561$78,564
11 years$121,473$108,628$96,994$86,487$77,025$66,544
12 years$110,211$97,499$86,079$75,860$66,749$56,773
13 years$100,690$88,110$76,906$66,973$58,206$48,724
14 years$92,536$80,090$69,101$59,452$51,023$42,022
15 years$85,476$73,164$62,388$53,020$44,925$36,390
16 years$79,304$67,126$56,564$47,474$39,705$31,623
17 years$73,864$61,821$51,471$42,655$35,205$27,561
18 years$69,033$57,125$46,987$38,441$31,303$24,081
19 years$64,717$52,943$43,014$34,734$27,901$21,086
20 years$60,836$49,197$39,476$31,459$24,921$18,497
21 years$57,330$45,825$36,310$28,551$22,302$16,253
22 years$54,147$42,776$33,466$25,959$19,990$14,301
23 years$51,245$40,008$30,900$23,642$17,945$12,598
24 years$48,589$37,485$28,577$21,562$16,129$11,110
25 years$46,149$35,177$26,468$19,692$14,514$9,807
26 years$43,900$33,061$24,548$18,005$13,073$8,664
27 years$41,822$31,114$22,795$16,481$11,787$7,660
28 years$39,895$29,319$21,191$15,100$10,635$6,776
29 years$38,105$27,659$19,720$13,847$9,603$5,998
30 years$36,437$26,121$18,368$12,708$8,677$5,311
31 years$34,879$24,693$17,124$11,671$7,845$4,705
32 years$33,422$23,365$15,977$10,726$7,096$4,170
33 years$32,056$22,127$14,918$9,864$6,422$3,697
34 years$30,773$20,971$13,938$9,075$5,815$3,279
35 years$29,567$19,891$13,031$8,354$5,267$2,908
36 years$28,429$18,879$12,191$7,694$4,772$2,580
37 years$27,356$17,931$11,410$7,089$4,325$2,290
38 years$26,342$17,041$10,685$6,534$3,921$2,033
39 years$25,382$16,204$10,011$6,025$3,556$1,804
40 years$24,472$15,417$9,383$5,557$3,225$1,602
41 years$23,609$14,675$8,798$5,127$2,926$1,423
42 years$22,789$13,976$8,253$4,732$2,655$1,264
43 years$22,010$13,317$7,745$4,368$2,409$1,122
44 years$21,268$12,694$7,270$4,033$2,187$997
45 years$20,561$12,104$6,826$3,725$1,985$886
46 years$19,886$11,547$6,411$3,441$1,803$787
47 years$19,243$11,020$6,023$3,179$1,637$699
48 years$18,628$10,520$5,660$2,937$1,487$621
49 years$18,039$10,046$5,320$2,714$1,350$552
50 years$17,477$9,596$5,002$2,509$1,226$490

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 $2,507 every year, while hoping to spend $45,616 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: 69/11/20 Blend
63$17,900,000$17,900,000$17,900,000$17,900,000
64$19,728,386$18,779,686$18,502,236$20,992,257
65$21,692,146$19,651,356$19,073,526$22,708,345
66$23,854,681$20,564,208$19,662,425$24,579,879
67$26,236,218$21,520,213$20,269,475$26,626,672
68$28,859,044$22,521,436$20,895,235$28,866,027
69$31,747,721$23,570,041$21,540,280$31,316,987
70$34,929,313$24,668,297$22,205,203$34,000,515
71$38,433,641$25,818,581$22,890,616$36,939,690
72$42,293,569$27,023,389$23,597,148$40,159,917
73$46,545,310$28,285,332$24,325,450$43,689,168
74$51,228,770$29,607,151$25,076,190$47,558,241
75$56,387,921$30,991,718$25,850,059$51,801,047
76$62,071,221$32,442,045$26,647,768$56,454,926
77$68,332,067$33,961,286$27,470,050$61,560,997
78$75,229,301$35,552,753$28,317,660$67,164,539
79$82,827,765$37,219,913$29,191,377$73,315,419
80$91,198,913$38,966,404$30,092,003$80,068,553
81$100,421,483$40,796,038$31,020,366$87,484,426
82$110,582,243$42,712,814$31,977,318$95,629,651
83$121,776,811$44,720,921$32,963,737$104,577,599
84$134,110,554$46,824,753$33,980,530$114,409,082
85$147,699,582$49,028,918$35,028,629$125,213,115
86$162,671,848$51,338,243$36,108,997$137,087,746
87$179,168,352$53,757,794$37,222,625$150,140,979
88$197,344,476$56,292,877$38,370,534$164,491,785
89$217,371,444$58,949,059$39,553,778$180,271,222
90$239,437,944$61,732,176$40,773,443$197,623,662
91$263,751,908$64,648,346$42,030,647$216,708,148
92$290,542,471$67,703,985$43,326,543$237,699,891
93$320,062,141$70,905,817$44,662,319$260,791,913
94$352,589,173$74,260,896$46,039,200$286,196,862
95$388,430,204$77,776,615$47,458,449$314,149,013
96$427,923,144$81,460,728$48,921,366$344,906,469
97$471,440,365$85,321,364$50,429,292$378,753,590
98$519,392,218$89,367,047$51,983,609$416,003,669
99$572,230,905$93,606,714$53,585,742$457,001,877
100$630,454,750$98,049,735$55,237,157$502,128,514