Can I retire at age 64 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,415,649
2 years$735,853$722,148$708,867$695,989$683,498$663,689
3 years$485,696$471,932$458,684$445,927$433,639$414,334
4 years$360,642$346,920$333,804$321,265$309,275$290,622
5 years$285,629$271,990$259,046$246,762$235,106$217,159
6 years$235,636$222,100$209,347$197,338$186,031$168,811
7 years$199,942$186,519$173,969$162,242$151,293$134,807
8 years$173,183$159,881$147,539$136,101$125,512$109,757
9 years$152,381$139,205$127,076$115,928$105,700$90,669
10 years$135,750$122,703$110,787$99,931$90,061$75,744
11 years$122,151$109,235$97,535$86,970$77,456$63,838
12 years$110,827$98,044$86,560$76,284$67,122$54,187
13 years$101,253$88,603$77,336$67,348$58,531$46,263
14 years$93,053$80,537$69,487$59,784$51,308$39,688
15 years$85,953$73,572$62,737$53,317$45,176$34,183
16 years$79,747$67,501$56,880$47,739$39,926$29,541
17 years$74,276$62,166$51,759$42,893$35,402$25,602
18 years$69,419$57,444$47,249$38,655$31,477$22,241
19 years$65,078$53,239$43,254$34,929$28,057$19,362
20 years$61,176$49,472$39,697$31,634$25,061$16,885
21 years$57,651$46,081$36,513$28,710$22,426$14,748
22 years$54,450$43,015$33,653$26,104$20,102$12,898
23 years$51,531$40,231$31,072$23,774$18,045$11,293
24 years$48,860$37,694$28,737$21,683$16,219$9,898
25 years$46,407$35,374$26,616$19,802$14,595$8,682
26 years$44,146$33,246$24,685$18,106$13,146$7,622
27 years$42,055$31,288$22,922$16,573$11,853$6,695
28 years$40,118$29,483$21,309$15,184$10,695$5,885
29 years$38,318$27,814$19,830$13,924$9,657$5,175
30 years$36,640$26,267$18,471$12,779$8,726$4,553
31 years$35,074$24,831$17,220$11,737$7,889$4,007
32 years$33,609$23,495$16,066$10,786$7,136$3,528
33 years$32,235$22,250$15,001$9,919$6,458$3,107
34 years$30,945$21,088$14,016$9,126$5,847$2,737
35 years$29,732$20,002$13,104$8,401$5,296$2,412
36 years$28,588$18,985$12,259$7,737$4,798$2,125
37 years$27,509$18,031$11,474$7,129$4,349$1,873
38 years$26,489$17,136$10,745$6,571$3,943$1,651
39 years$25,524$16,295$10,067$6,059$3,575$1,456
40 years$24,609$15,503$9,436$5,588$3,243$1,284
41 years$23,741$14,757$8,848$5,156$2,942$1,132
42 years$22,917$14,054$8,299$4,758$2,670$999
43 years$22,133$13,391$7,788$4,392$2,423$881
44 years$21,387$12,764$7,310$4,056$2,199$777
45 years$20,676$12,172$6,864$3,745$1,997$686
46 years$19,997$11,612$6,447$3,460$1,813$605
47 years$19,350$11,081$6,057$3,196$1,646$534
48 years$18,732$10,578$5,692$2,954$1,495$471
49 years$18,140$10,102$5,350$2,730$1,358$415
50 years$17,574$9,650$5,030$2,523$1,233$367

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $18,000,000, adding $6,070 every year, while hoping to spend $47,502 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: 63/30/7 Blend
63$18,000,000$18,000,000$18,000,000$18,000,000
64$19,842,261$18,888,261$18,609,261$21,065,602
65$21,815,630$19,763,244$19,182,130$22,757,053
66$23,988,691$20,679,509$19,772,597$24,596,917
67$26,381,761$21,639,029$20,381,203$26,604,454
68$29,017,231$22,643,872$21,008,504$28,795,899
69$31,919,771$23,696,204$21,655,071$31,189,104
70$35,116,568$24,798,299$22,321,496$33,803,700
71$38,637,579$25,952,536$23,008,388$36,661,280
72$42,515,816$27,161,414$23,716,372$39,785,594
73$46,787,654$28,427,549$24,446,096$43,202,766
74$51,493,180$29,753,684$25,198,226$46,941,538
75$56,676,565$31,142,695$25,973,446$51,033,530
76$62,386,484$32,597,596$26,772,466$55,513,538
77$68,676,575$34,121,549$27,596,014$60,419,846
78$75,605,946$35,717,865$28,444,841$65,794,588
79$83,239,730$37,390,018$29,319,720$71,684,132
80$91,649,703$39,141,649$30,221,451$78,139,514
81$100,914,957$40,976,574$31,150,854$85,216,904
82$111,122,652$42,898,796$32,108,778$92,978,135
83$122,368,835$44,912,509$33,096,094$101,491,273
84$134,759,346$47,022,112$34,113,703$110,831,246
85$148,410,820$49,232,216$35,162,532$121,080,549
86$163,451,783$51,547,654$36,243,537$132,330,002
87$180,023,871$53,973,495$37,357,702$144,679,605
88$198,283,162$56,515,053$38,506,041$158,239,461
89$218,401,652$59,177,898$39,689,600$173,130,810
90$240,568,877$61,967,871$40,909,458$189,487,155
91$264,993,701$64,891,095$42,166,724$207,455,510
92$291,906,292$67,953,992$43,462,542$227,197,775
93$321,560,288$71,163,293$44,798,092$248,892,245
94$354,235,199$74,526,055$46,174,589$272,735,280
95$390,239,036$78,049,679$47,593,286$298,943,143
96$429,911,229$81,741,924$49,055,471$327,754,019
97$473,625,821$85,610,925$50,562,476$359,430,249
98$521,795,006$89,665,212$52,115,671$394,260,786
99$574,873,017$93,913,728$53,716,467$432,563,905
100$633,360,416$98,365,852$55,366,319$474,690,180