Can I retire at age 64 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,403,705
2 years$723,589$710,113$697,052$684,389$672,106$664,318
3 years$477,601$464,066$451,039$438,495$426,412$418,795
4 years$354,631$341,138$328,241$315,911$304,120$296,734
5 years$280,868$267,456$254,728$242,650$231,188$224,053
6 years$231,709$218,398$205,858$194,049$182,931$176,057
7 years$196,609$183,410$171,069$159,538$148,772$142,162
8 years$170,296$157,217$145,080$133,833$123,420$117,076
9 years$149,842$136,885$124,958$113,996$103,938$97,856
10 years$133,487$120,658$108,941$98,265$88,560$82,739
11 years$120,115$107,415$95,910$85,520$76,165$70,600
12 years$108,980$96,409$85,118$75,013$66,003$60,689
13 years$99,565$87,126$76,047$66,225$57,556$52,489
14 years$91,502$79,195$68,328$58,787$50,453$45,627
15 years$84,521$72,346$61,691$52,428$44,423$39,831
16 years$78,418$66,376$55,932$46,944$39,261$34,898
17 years$73,038$61,130$50,896$42,178$34,812$30,669
18 years$68,262$56,487$46,462$38,011$30,953$27,025
19 years$63,994$52,351$42,533$34,346$27,589$23,868
20 years$60,157$48,648$39,035$31,107$24,643$21,122
21 years$56,690$45,313$35,905$28,232$22,053$18,725
22 years$53,542$42,298$33,092$25,669$19,767$16,624
23 years$50,673$39,561$30,554$23,377$17,744$14,779
24 years$48,046$37,066$28,258$21,322$15,949$13,154
25 years$45,633$34,784$26,172$19,472$14,351$11,720
26 years$43,410$32,692$24,273$17,804$12,927$10,452
27 years$41,355$30,767$22,540$16,297$11,655$9,328
28 years$39,449$28,991$20,954$14,931$10,517$8,331
29 years$37,679$27,350$19,499$13,692$9,496$7,446
30 years$36,030$25,829$18,163$12,566$8,580$6,658
31 years$34,490$24,417$16,933$11,541$7,757$5,957
32 years$33,049$23,104$15,799$10,606$7,017$5,332
33 years$31,698$21,879$14,751$9,753$6,351$4,774
34 years$30,430$20,737$13,783$8,974$5,750$4,276
35 years$29,236$19,669$12,886$8,261$5,208$3,832
36 years$28,112$18,668$12,054$7,608$4,718$3,434
37 years$27,050$17,731$11,283$7,010$4,277$3,079
38 years$26,047$16,850$10,566$6,461$3,877$2,761
39 years$25,098$16,023$9,899$5,958$3,516$2,476
40 years$24,199$15,245$9,278$5,495$3,189$2,221
41 years$23,345$14,511$8,700$5,070$2,893$1,993
42 years$22,535$13,820$8,161$4,679$2,625$1,788
43 years$21,764$13,168$7,658$4,319$2,383$1,605
44 years$21,030$12,552$7,188$3,988$2,163$1,440
45 years$20,331$11,969$6,750$3,683$1,963$1,293
46 years$19,664$11,418$6,339$3,402$1,783$1,161
47 years$19,028$10,896$5,956$3,143$1,619$1,042
48 years$18,419$10,402$5,597$2,904$1,470$936
49 years$17,838$9,933$5,261$2,684$1,335$840
50 years$17,281$9,489$4,946$2,481$1,213$754

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $17,700,000, adding $2,654 every year, while hoping to spend $43,557 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: 68/24/8 Blend
63$17,700,000$17,700,000$17,700,000$17,700,000
64$19,508,138$18,570,038$18,295,688$20,806,269
65$21,451,623$19,433,625$18,862,249$22,531,012
66$23,591,885$20,338,069$19,446,330$24,410,955
67$25,948,947$21,285,324$20,048,472$26,465,636
68$28,544,876$22,277,442$20,669,233$28,712,152
69$31,403,988$23,316,571$21,309,186$31,169,313
70$34,553,077$24,404,965$21,968,926$33,857,814
71$38,021,668$25,544,985$22,649,062$36,800,425
72$41,842,297$26,739,108$23,350,225$40,022,203
73$46,050,816$27,989,929$24,073,062$43,550,722
74$50,686,733$29,300,170$24,818,244$47,416,328
75$55,793,584$30,672,682$25,586,459$51,652,419
76$61,419,343$32,110,457$26,378,419$56,295,758
77$67,616,876$33,616,630$27,194,856$61,386,811
78$74,444,440$35,194,487$28,036,526$66,970,122
79$81,966,230$36,847,474$28,904,206$73,094,729
80$90,252,989$38,579,204$29,798,701$79,814,621
81$99,382,673$40,393,464$30,720,837$87,189,236
82$109,441,187$42,294,225$31,671,466$95,284,019
83$120,523,196$44,285,649$32,651,468$104,171,028
84$132,733,019$46,372,103$33,661,749$113,929,610
85$146,185,612$48,558,161$34,703,242$124,647,138
86$161,007,654$50,848,621$35,776,912$136,419,829
87$177,338,746$53,248,514$36,883,749$149,353,640
88$195,332,720$55,763,114$38,024,776$163,565,263
89$215,159,101$58,397,950$39,201,050$179,183,209
90$237,004,699$61,158,819$40,413,655$196,349,019
91$261,075,378$64,051,802$41,663,712$215,218,581
92$287,597,998$67,083,270$42,952,377$235,963,595
93$316,822,551$70,259,908$44,280,840$258,773,176
94$349,024,530$73,588,723$45,650,327$283,855,634
95$384,507,523$77,077,061$47,062,103$311,440,420
96$423,606,079$80,732,625$48,517,472$341,780,279
97$466,688,870$84,563,495$50,017,778$375,153,624
98$514,162,167$88,578,138$51,564,406$411,867,146
99$566,473,677$92,785,437$53,158,784$452,258,693
100$624,116,772$97,194,703$54,802,382$496,700,442