Can I retire at age 64 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,328,039
2 years$690,884$678,017$665,547$653,456$641,728$622,032
3 years$456,014$443,092$430,653$418,676$407,139$387,950
4 years$338,602$325,719$313,405$301,632$290,375$271,841
5 years$268,174$255,368$243,215$231,683$220,738$202,913
6 years$221,236$208,527$196,554$185,278$174,663$157,566
7 years$187,723$175,121$163,337$152,328$142,048$125,687
8 years$162,599$150,111$138,523$127,784$117,842$102,214
9 years$143,069$130,698$119,310$108,843$99,240$84,337
10 years$127,454$115,204$104,017$93,824$84,558$70,369
11 years$114,686$102,560$91,575$81,655$72,722$59,234
12 years$104,054$92,052$81,270$71,622$63,020$50,215
13 years$95,065$83,188$72,610$63,232$54,954$42,816
14 years$87,366$75,616$65,240$56,130$48,173$36,681
15 years$80,700$69,076$58,903$50,058$42,415$31,551
16 years$74,873$63,376$53,404$44,822$37,487$27,228
17 years$69,737$58,367$48,596$40,272$33,238$23,564
18 years$65,177$53,934$44,362$36,293$29,554$20,441
19 years$61,101$49,985$40,611$32,794$26,342$17,769
20 years$57,438$46,449$37,271$29,701$23,529$15,473
21 years$54,127$43,265$34,282$26,956$21,056$13,494
22 years$51,122$40,386$31,596$24,509$18,874$11,784
23 years$48,382$37,773$29,173$22,321$16,942$10,302
24 years$45,874$35,391$26,980$20,358$15,228$9,015
25 years$43,571$33,212$24,989$18,592$13,703$7,895
26 years$41,448$31,214$23,176$17,000$12,343$6,920
27 years$39,485$29,376$21,521$15,560$11,128$6,069
28 years$37,666$27,681$20,007$14,256$10,041$5,326
29 years$35,976$26,114$18,618$13,073$9,067$4,676
30 years$34,401$24,662$17,342$11,998$8,193$4,107
31 years$32,931$23,314$16,167$11,019$7,407$3,609
32 years$31,555$22,059$15,084$10,127$6,700$3,172
33 years$30,265$20,891$14,084$9,313$6,064$2,789
34 years$29,054$19,800$13,160$8,568$5,490$2,452
35 years$27,915$18,780$12,303$7,888$4,972$2,157
36 years$26,841$17,825$11,510$7,264$4,505$1,898
37 years$25,828$16,929$10,773$6,693$4,083$1,670
38 years$24,870$16,089$10,088$6,169$3,702$1,470
39 years$23,964$15,299$9,452$5,688$3,357$1,294
40 years$23,105$14,556$8,859$5,247$3,045$1,139
41 years$22,290$13,856$8,307$4,841$2,762$1,003
42 years$21,516$13,196$7,792$4,467$2,507$883
43 years$20,780$12,573$7,312$4,124$2,275$777
44 years$20,080$11,984$6,863$3,808$2,065$685
45 years$19,412$11,428$6,445$3,517$1,875$603
46 years$18,775$10,902$6,053$3,248$1,702$531
47 years$18,168$10,404$5,687$3,001$1,545$468
48 years$17,587$9,932$5,344$2,773$1,404$412
49 years$17,032$9,484$5,023$2,563$1,275$363
50 years$16,500$9,060$4,722$2,369$1,158$320

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $16,900,000, adding $2,173 every year, while hoping to spend $23,183 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: 39/36/25 Blend
63$16,900,000$16,900,000$16,900,000$16,900,000
64$18,626,041$17,730,341$17,468,391$19,214,034
65$20,501,231$18,574,462$18,028,916$20,485,323
66$22,566,913$19,459,167$18,607,441$21,856,739
67$24,842,493$20,386,421$19,204,545$23,339,236
68$27,349,356$21,358,284$19,820,826$24,942,936
69$30,111,066$22,376,915$20,456,899$26,678,941
70$33,153,590$23,444,580$21,113,401$28,559,431
71$36,505,545$24,563,653$21,790,989$30,597,773
72$40,198,463$25,736,625$22,490,340$32,808,632
73$44,267,094$26,966,107$23,212,153$35,208,112
74$48,749,729$28,254,837$23,957,152$37,813,890
75$53,688,566$29,605,689$24,726,081$40,645,378
76$59,130,104$31,021,672$25,519,709$43,723,898
77$65,125,587$32,505,946$26,338,831$47,072,870
78$71,731,481$34,061,822$27,184,267$50,718,026
79$79,010,014$35,692,773$28,056,861$54,687,639
80$87,029,758$37,402,441$28,957,488$59,012,782
81$95,866,278$39,194,646$29,887,049$63,727,607
82$105,602,847$41,073,392$30,846,474$68,869,655
83$116,331,230$43,042,880$31,836,724$74,480,199
84$128,152,550$45,107,516$32,858,788$80,604,620
85$141,178,243$47,271,918$33,913,691$87,292,820
86$155,531,113$49,540,931$35,002,489$94,599,680
87$171,346,486$51,919,636$36,126,271$102,585,560
88$188,773,489$54,413,359$37,286,163$111,316,855
89$207,976,460$57,027,690$38,483,325$120,866,605
90$229,136,499$59,768,487$39,718,957$131,315,165
91$252,453,175$62,641,895$40,994,295$142,750,947
92$278,146,412$65,654,361$42,310,616$155,271,233
93$306,458,564$68,812,643$43,669,240$168,983,075
94$337,656,703$72,123,828$45,071,525$184,004,285
95$372,035,143$75,595,352$46,518,878$200,464,523
96$409,918,214$79,235,010$48,012,746$218,506,497
97$451,663,325$83,050,979$49,554,627$238,287,291
98$497,664,342$87,051,835$51,146,064$259,979,816
99$548,355,300$91,246,570$52,788,653$283,774,422
100$604,214,506$95,644,617$54,484,037$309,880,662