Can I retire at age 64 with 17,500,000?

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 $17,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,354,604
2 years$715,413$702,089$689,176$676,656$664,512$623,667
3 years$472,204$458,823$445,942$433,540$421,594$382,054
4 years$350,624$337,283$324,532$312,341$300,684$262,753
5 years$277,695$264,434$251,850$239,908$228,575$192,356
6 years$229,091$215,930$203,532$191,856$180,864$146,390
7 years$194,388$181,338$169,136$157,736$147,091$114,361
8 years$168,372$155,440$143,441$132,321$122,026$91,021
9 years$148,149$135,339$123,546$112,708$102,763$73,452
10 years$131,979$119,294$107,710$97,155$87,560$59,901
11 years$118,758$106,201$94,826$84,554$75,304$49,252
12 years$107,749$95,320$84,156$74,165$65,257$40,759
13 years$98,440$86,142$75,188$65,477$56,905$33,907
14 years$90,468$78,300$67,556$58,123$49,883$28,326
15 years$83,566$71,529$60,994$51,836$43,921$23,745
16 years$77,532$65,626$55,300$46,413$38,817$19,962
17 years$72,213$60,439$50,321$41,702$34,418$16,821
18 years$67,491$55,849$45,937$37,582$30,603$14,202
19 years$63,271$51,760$42,053$33,958$27,277$12,010
20 years$59,477$48,098$38,594$30,756$24,364$10,171
21 years$56,049$44,801$35,499$27,913$21,803$8,623
22 years$52,937$41,820$32,718$25,379$19,544$7,318
23 years$50,100$39,114$30,209$23,113$17,544$6,215
24 years$47,503$36,647$27,938$21,081$15,769$5,282
25 years$45,118$34,391$25,877$19,252$14,189$4,492
26 years$42,919$32,322$23,999$17,603$12,781$3,822
27 years$40,887$30,419$22,285$16,113$11,523$3,253
28 years$39,004$28,664$20,717$14,763$10,398$2,770
29 years$37,253$27,041$19,279$13,538$9,389$2,359
30 years$35,622$25,537$17,958$12,424$8,483$2,010
31 years$34,100$24,141$16,741$11,411$7,670$1,713
32 years$32,675$22,843$15,620$10,487$6,938$1,460
33 years$31,340$21,632$14,585$9,643$6,279$1,245
34 years$30,086$20,502$13,627$8,873$5,685$1,061
35 years$28,906$19,446$12,740$8,168$5,149$905
36 years$27,794$18,457$11,918$7,522$4,665$772
37 years$26,745$17,530$11,155$6,931$4,228$658
38 years$25,753$16,660$10,446$6,388$3,833$561
39 years$24,815$15,842$9,787$5,890$3,476$479
40 years$23,925$15,072$9,173$5,433$3,153$408
41 years$23,082$14,347$8,602$5,013$2,860$348
42 years$22,280$13,664$8,069$4,626$2,596$297
43 years$21,518$13,019$7,571$4,270$2,356$253
44 years$20,792$12,410$7,107$3,943$2,138$216
45 years$20,101$11,834$6,673$3,641$1,941$184
46 years$19,442$11,289$6,268$3,364$1,762$157
47 years$18,813$10,773$5,888$3,108$1,600$134
48 years$18,211$10,285$5,534$2,872$1,453$115
49 years$17,636$9,821$5,201$2,654$1,320$98
50 years$17,086$9,382$4,890$2,453$1,199$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $17,500,000, adding $5,306 every year, while hoping to spend $25,430 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: 51/38/11 Blend
63$17,500,000$17,500,000$17,500,000$17,500,000
64$19,290,473$18,362,973$18,091,723$20,217,831
65$21,231,044$19,235,701$18,670,739$21,724,601
66$23,368,701$20,150,341$19,268,299$23,358,597
67$25,723,520$21,108,919$19,884,998$25,134,336
68$28,317,623$22,113,561$20,521,450$27,065,166
69$31,175,390$23,166,494$21,178,287$29,165,751
70$34,323,683$24,270,056$21,856,164$31,452,193
71$37,792,108$25,426,698$22,555,754$33,942,184
72$41,613,285$26,638,988$23,277,754$36,655,162
73$45,823,163$27,909,622$24,022,882$39,612,486
74$50,461,357$29,241,424$24,791,880$42,837,632
75$55,571,520$30,637,358$25,585,512$46,356,400
76$61,201,756$32,100,531$26,404,568$50,197,157
77$67,405,079$33,634,200$27,249,865$54,391,086
78$74,239,903$35,241,782$28,122,242$58,972,476
79$81,770,604$36,926,861$29,022,568$63,979,035
80$90,068,121$38,693,192$29,951,739$69,452,232
81$99,210,628$40,544,717$30,910,680$75,437,676
82$109,284,270$42,485,566$31,900,346$81,985,540
83$120,383,980$44,520,073$32,921,722$89,151,016
84$132,614,371$46,652,781$33,975,824$96,994,827
85$146,090,725$48,888,456$35,063,703$105,583,782
86$160,940,082$51,232,093$36,186,440$114,991,394
87$177,302,439$53,688,935$37,345,155$125,298,562
88$195,332,070$56,264,475$38,541,000$136,594,313
89$215,198,984$58,964,477$39,775,166$148,976,626
90$237,090,530$61,794,985$41,048,883$162,553,346
91$261,213,162$64,762,338$42,363,419$177,443,174
92$287,794,394$67,873,182$43,720,083$193,776,777
93$317,084,942$71,134,488$45,120,226$211,697,994
94$349,361,096$74,553,567$46,565,243$231,365,179
95$384,927,321$78,138,086$48,056,573$252,952,668
96$424,119,141$81,896,085$49,595,701$276,652,404
97$467,306,297$85,835,997$51,184,161$302,675,727
98$514,896,244$89,966,665$52,823,534$331,255,339
99$567,337,994$94,297,365$54,515,455$362,647,477
100$625,126,355$98,837,822$56,261,609$397,134,302