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

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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,309,591
2 years$694,972$682,029$669,485$657,323$645,526$599,630
3 years$458,713$445,714$433,201$421,153$409,548$365,210
4 years$340,606$327,647$315,260$303,417$292,093$249,653
5 years$269,760$256,879$244,654$233,053$222,044$181,614
6 years$222,546$209,761$197,717$186,375$175,696$137,307
7 years$188,834$176,157$164,304$153,229$142,888$106,535
8 years$163,562$150,999$139,343$128,540$118,539$84,194
9 years$143,916$131,472$120,016$109,487$99,827$67,448
10 years$128,208$115,886$104,632$94,379$85,058$54,591
11 years$115,365$103,166$92,117$82,138$73,153$44,539
12 years$104,670$92,597$81,751$72,046$63,393$36,567
13 years$95,628$83,680$73,039$63,606$55,280$30,173
14 years$87,883$76,063$65,626$56,462$48,458$24,997
15 years$81,178$69,485$59,252$50,355$42,666$20,778
16 years$75,316$63,751$53,720$45,087$37,708$17,317
17 years$70,150$58,712$48,883$40,510$33,435$14,464
18 years$65,562$54,253$44,624$36,508$29,729$12,103
19 years$61,463$50,281$40,851$32,988$26,498$10,143
20 years$57,778$46,724$37,491$29,877$23,668$8,511
21 years$54,448$43,521$34,485$27,115$21,180$7,149
22 years$51,425$40,625$31,783$24,654$18,985$6,011
23 years$48,669$37,996$29,346$22,453$17,042$5,057
24 years$46,146$35,600$27,140$20,478$15,318$4,257
25 years$43,829$33,409$25,137$18,702$13,784$3,586
26 years$41,693$31,399$23,313$17,100$12,416$3,021
27 years$39,719$29,550$21,649$15,652$11,194$2,547
28 years$37,889$27,845$20,125$14,341$10,101$2,148
29 years$36,189$26,268$18,728$13,151$9,121$1,811
30 years$34,605$24,808$17,445$12,069$8,241$1,528
31 years$33,126$23,452$16,263$11,085$7,451$1,289
32 years$31,742$22,190$15,174$10,187$6,740$1,088
33 years$30,445$21,014$14,168$9,368$6,099$918
34 years$29,226$19,917$13,238$8,619$5,522$775
35 years$28,080$18,891$12,376$7,934$5,002$654
36 years$27,000$17,930$11,578$7,307$4,532$552
37 years$25,981$17,029$10,836$6,733$4,107$466
38 years$25,017$16,184$10,148$6,206$3,724$394
39 years$24,106$15,389$9,507$5,722$3,377$333
40 years$23,242$14,642$8,911$5,278$3,063$281
41 years$22,422$13,938$8,356$4,869$2,779$237
42 years$21,643$13,274$7,838$4,494$2,521$200
43 years$20,903$12,647$7,355$4,148$2,288$169
44 years$20,198$12,055$6,904$3,830$2,077$143
45 years$19,527$11,496$6,483$3,537$1,886$121
46 years$18,886$10,967$6,089$3,268$1,712$102
47 years$18,275$10,465$5,720$3,019$1,555$86
48 years$17,691$9,991$5,375$2,790$1,412$73
49 years$17,132$9,541$5,053$2,578$1,282$61
50 years$16,598$9,114$4,750$2,383$1,165$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $17,000,000, adding $4,005 every year, while hoping to spend $50,377 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: 57/35/8 Blend
63$17,000,000$17,000,000$17,000,000$17,000,000
64$18,738,131$17,837,131$17,573,631$19,771,738
65$20,595,820$18,657,550$18,108,747$21,288,588
66$22,641,304$19,516,481$18,660,101$22,934,513
67$24,893,687$20,415,757$19,228,184$24,726,598
68$27,374,015$21,357,302$19,813,500$26,678,814
69$30,105,485$22,343,130$20,416,572$28,806,513
70$33,113,652$23,375,351$21,037,936$31,126,567
71$36,426,681$24,456,180$21,678,143$33,657,525
72$40,075,606$25,587,936$22,337,764$36,419,781
73$44,094,623$26,773,050$23,017,384$39,435,755
74$48,521,415$28,014,071$23,717,608$42,730,105
75$53,397,509$29,313,669$24,439,057$46,329,945
76$58,768,662$30,674,646$25,182,372$50,265,100
77$64,685,297$32,099,935$25,948,213$54,568,376
78$71,202,979$33,592,614$26,737,261$59,275,859
79$78,382,939$35,155,908$27,550,214$64,427,254
80$86,292,647$36,793,196$28,387,795$70,066,243
81$95,006,458$38,508,023$29,250,747$76,240,893
82$104,606,303$40,304,103$30,139,834$83,004,097
83$115,182,473$42,185,331$31,055,845$90,414,064
84$126,834,461$44,155,788$31,999,591$98,534,856
85$139,671,908$46,219,753$32,971,910$107,436,983
86$153,815,635$48,381,714$33,973,661$117,198,057
87$169,398,784$50,646,372$35,005,733$127,903,510
88$186,568,073$53,018,658$36,069,039$139,647,387
89$205,485,185$55,503,740$37,164,519$152,533,222
90$226,328,288$58,107,037$38,293,145$166,675,001
91$249,293,721$60,834,229$39,455,912$182,198,220
92$274,597,846$63,691,273$40,653,852$199,241,058
93$302,479,092$66,684,410$41,888,021$217,955,659
94$333,200,200$69,820,188$43,159,511$238,509,557
95$367,050,712$73,105,468$44,469,446$261,087,237
96$404,349,695$76,547,446$45,818,982$285,891,856
97$445,448,758$80,153,665$47,209,312$313,147,142
98$490,735,370$83,932,034$48,641,663$343,099,484
99$540,636,518$87,890,844$50,117,299$376,020,240
100$595,622,736$92,038,789$51,637,522$412,208,272