Can I retire at age 64 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,315,298
2 years$686,796$674,005$661,609$649,590$637,931$613,479
3 years$453,316$440,470$428,105$416,198$404,730$380,944
4 years$336,599$323,792$311,551$299,847$288,657$265,721
5 years$266,587$253,857$241,776$230,312$219,432$197,412
6 years$219,927$207,293$195,391$184,182$173,629$152,549
7 years$186,612$174,085$162,371$151,426$141,207$121,072
8 years$161,637$149,223$137,703$127,028$117,145$97,951
9 years$142,223$129,925$118,604$108,199$98,653$80,389
10 years$126,700$114,523$103,402$93,269$84,057$66,706
11 years$114,008$101,953$91,033$81,172$72,292$55,834
12 years$103,439$91,507$80,790$71,199$62,647$47,060
13 years$94,503$82,696$72,180$62,858$54,629$39,889
14 years$86,849$75,168$64,854$55,798$47,888$33,967
15 years$80,223$68,668$58,555$49,762$42,164$29,036
16 years$74,430$63,001$53,088$44,557$37,265$24,901
17 years$69,325$58,022$48,308$40,034$33,041$21,412
18 years$64,791$53,615$44,099$36,078$29,379$18,454
19 years$60,740$49,690$40,371$32,600$26,186$15,936
20 years$57,098$46,174$37,050$29,526$23,390$13,784
21 years$53,807$43,009$34,079$26,796$20,931$11,940
22 years$50,820$40,148$31,409$24,364$18,762$10,355
23 years$48,096$37,549$29,001$22,189$16,842$8,989
24 years$45,603$35,181$26,821$20,237$15,138$7,811
25 years$43,313$33,016$24,841$18,482$13,622$6,793
26 years$41,203$31,029$23,039$16,899$12,270$5,911
27 years$39,252$29,202$21,394$15,468$11,062$5,147
28 years$37,444$27,517$19,888$14,172$9,982$4,484
29 years$35,763$25,959$18,508$12,996$9,013$3,908
30 years$34,198$24,516$17,239$11,927$8,144$3,407
31 years$32,736$23,176$16,072$10,954$7,363$2,971
32 years$31,368$21,929$14,995$10,067$6,660$2,592
33 years$30,086$20,767$14,001$9,258$6,028$2,262
34 years$28,882$19,682$13,082$8,518$5,457$1,974
35 years$27,750$18,668$12,231$7,841$4,943$1,723
36 years$26,682$17,719$11,441$7,221$4,479$1,505
37 years$25,675$16,829$10,709$6,654$4,059$1,314
38 years$24,723$15,994$10,028$6,133$3,680$1,148
39 years$23,822$15,208$9,396$5,655$3,337$1,002
40 years$22,968$14,469$8,807$5,216$3,027$876
41 years$22,158$13,774$8,258$4,812$2,746$765
42 years$21,389$13,117$7,746$4,441$2,492$668
43 years$20,657$12,498$7,269$4,100$2,261$584
44 years$19,961$11,913$6,823$3,785$2,053$510
45 years$19,297$11,361$6,406$3,496$1,863$446
46 years$18,664$10,838$6,017$3,229$1,692$390
47 years$18,060$10,342$5,653$2,983$1,536$341
48 years$17,483$9,873$5,312$2,757$1,395$298
49 years$16,931$9,428$4,993$2,548$1,267$260
50 years$16,403$9,006$4,694$2,355$1,151$227

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $16,800,000, adding $2,128 every year, while hoping to spend $55,806 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: 61/24/15 Blend
63$16,800,000$16,800,000$16,800,000$16,800,000
64$18,515,795$17,625,395$17,364,995$19,575,892
65$20,345,029$18,429,662$17,887,345$21,093,864
66$22,358,974$19,271,468$18,425,324$22,743,159
67$24,576,413$20,152,593$18,979,395$24,541,645
68$27,018,040$21,074,903$19,550,038$26,503,778
69$29,706,661$22,040,354$20,137,745$28,645,456
70$32,667,403$23,050,994$20,743,022$30,984,165
71$35,927,957$24,108,972$21,366,392$33,539,141
72$39,518,834$25,216,537$22,008,392$36,331,546
73$43,473,657$26,376,050$22,669,575$39,384,659
74$47,829,475$27,589,981$23,350,511$42,724,098
75$52,627,114$28,860,922$24,051,785$46,378,049
76$57,911,562$30,191,589$24,774,002$50,377,533
77$63,732,392$31,584,828$25,517,782$54,756,685
78$70,144,233$33,043,622$26,283,765$59,553,080
79$77,207,283$34,571,098$27,072,610$64,808,073
80$84,987,877$36,170,533$27,884,993$70,567,185
81$93,559,113$37,845,361$28,721,612$76,880,528
82$103,001,543$39,599,184$29,583,187$83,803,269
83$113,403,932$41,435,776$30,470,455$91,396,142
84$124,864,096$43,359,092$31,384,178$99,726,016
85$137,489,824$45,373,278$32,325,139$108,866,514
86$151,399,900$47,482,682$33,294,145$118,898,703
87$166,725,215$49,691,859$34,292,024$129,911,849
88$183,610,013$52,005,586$35,319,633$142,004,248
89$202,213,242$54,428,868$36,377,849$155,284,148
90$222,710,064$56,966,953$37,467,578$169,870,757
91$245,293,501$59,625,344$38,589,751$185,895,357
92$270,176,258$62,409,807$39,745,329$203,502,535
93$297,592,736$65,326,387$40,935,297$222,851,534
94$327,801,238$68,381,422$42,160,671$244,117,744
95$361,086,408$71,581,556$43,422,499$267,494,345
96$397,761,924$74,933,755$44,721,854$293,194,117
97$438,173,451$78,445,319$46,059,847$321,451,434
98$482,701,907$82,123,904$47,437,616$352,524,461
99$531,767,061$85,977,534$48,856,335$386,697,577
100$585,831,491$90,014,624$50,317,213$424,284,043