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%18%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,388,843
2 years$735,853$722,148$708,867$695,989$683,498$637,084
3 years$485,696$471,932$458,684$445,927$433,639$388,770
4 years$360,642$346,920$333,804$321,265$309,275$266,295
5 years$285,629$271,990$259,046$246,762$235,106$194,129
6 years$235,636$222,100$209,347$197,338$186,031$147,093
7 years$199,942$186,519$173,969$162,242$151,293$114,388
8 years$173,183$159,881$147,539$136,101$125,512$90,614
9 years$152,381$139,205$127,076$115,928$105,700$72,768
10 years$135,750$122,703$110,787$99,931$90,061$59,046
11 years$122,151$109,235$97,535$86,970$77,456$48,299
12 years$110,827$98,044$86,560$76,284$67,122$39,760
13 years$101,253$88,603$77,336$67,348$58,531$32,896
14 years$93,053$80,537$69,487$59,784$51,308$27,330
15 years$85,953$73,572$62,737$53,317$45,176$22,781
16 years$79,747$67,501$56,880$47,739$39,926$19,041
17 years$74,276$62,166$51,759$42,893$35,402$15,951
18 years$69,419$57,444$47,249$38,655$31,477$13,388
19 years$65,078$53,239$43,254$34,929$28,057$11,254
20 years$61,176$49,472$39,697$31,634$25,061$9,472
21 years$57,651$46,081$36,513$28,710$22,426$7,981
22 years$54,450$43,015$33,653$26,104$20,102$6,731
23 years$51,531$40,231$31,072$23,774$18,045$5,681
24 years$48,860$37,694$28,737$21,683$16,219$4,797
25 years$46,407$35,374$26,616$19,802$14,595$4,054
26 years$44,146$33,246$24,685$18,106$13,146$3,427
27 years$42,055$31,288$22,922$16,573$11,853$2,898
28 years$40,118$29,483$21,309$15,184$10,695$2,452
29 years$38,318$27,814$19,830$13,924$9,657$2,075
30 years$36,640$26,267$18,471$12,779$8,726$1,756
31 years$35,074$24,831$17,220$11,737$7,889$1,486
32 years$33,609$23,495$16,066$10,786$7,136$1,259
33 years$32,235$22,250$15,001$9,919$6,458$1,066
34 years$30,945$21,088$14,016$9,126$5,847$903
35 years$29,732$20,002$13,104$8,401$5,296$765
36 years$28,588$18,985$12,259$7,737$4,798$648
37 years$27,509$18,031$11,474$7,129$4,349$549
38 years$26,489$17,136$10,745$6,571$3,943$465
39 years$25,524$16,295$10,067$6,059$3,575$394
40 years$24,609$15,503$9,436$5,588$3,243$334
41 years$23,741$14,757$8,848$5,156$2,942$283
42 years$22,917$14,054$8,299$4,758$2,670$239
43 years$22,133$13,391$7,788$4,392$2,423$203
44 years$21,387$12,764$7,310$4,056$2,199$172
45 years$20,676$12,172$6,864$3,745$1,997$146
46 years$19,997$11,612$6,447$3,460$1,813$123
47 years$19,350$11,081$6,057$3,196$1,646$105
48 years$18,732$10,578$5,692$2,954$1,495$89
49 years$18,140$10,102$5,350$2,730$1,358$75
50 years$17,574$9,650$5,030$2,523$1,233$64

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 $6,363 every year, while hoping to spend $20,617 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: 35/37/28 Blend
63$18,000,000$18,000,000$18,000,000$18,000,000
64$19,842,563$18,888,563$18,609,563$20,369,315
65$21,844,569$19,792,167$19,211,047$21,668,063
66$24,050,087$20,739,356$19,831,990$23,066,096
67$26,479,856$21,732,244$20,473,022$24,574,175
68$29,156,726$22,773,049$21,134,793$26,202,161
69$32,105,878$23,864,094$21,817,975$27,960,863
70$35,355,062$25,007,819$22,523,261$29,862,133
71$38,934,856$26,206,779$23,251,367$31,918,962
72$42,878,956$27,463,656$24,003,033$34,145,603
73$47,224,496$28,781,262$24,779,021$36,557,689
74$52,012,395$30,162,544$25,580,119$39,172,377
75$57,287,746$31,610,596$26,407,140$42,008,493
76$63,100,242$33,128,660$27,260,924$45,086,707
77$69,504,639$34,720,138$28,142,338$48,429,708
78$76,561,283$36,388,595$29,052,277$52,062,415
79$84,336,670$38,137,773$29,991,665$56,012,196
80$92,904,080$39,971,593$30,961,455$60,309,112
81$102,344,266$41,894,171$31,962,633$64,986,192
82$112,746,215$43,909,820$32,996,216$70,079,728
83$124,207,993$46,023,064$34,063,253$75,629,602
84$136,837,665$48,238,651$35,164,828$81,679,652
85$150,754,317$50,561,555$36,302,060$88,278,065
86$166,089,183$52,996,997$37,476,105$95,477,817
87$182,986,880$55,550,450$38,688,155$103,337,157
88$201,606,775$58,227,655$39,939,441$111,920,138
89$222,124,489$61,034,633$41,231,235$121,297,201
90$244,733,555$63,977,699$42,564,850$131,545,823
91$269,647,245$67,063,474$43,941,641$142,751,226
92$297,100,585$70,298,905$45,363,006$155,007,160
93$327,352,569$73,691,275$46,830,391$168,416,763
94$360,688,608$77,248,225$48,345,286$183,093,517
95$397,423,225$80,977,767$49,909,232$199,162,288
96$437,903,020$84,888,304$51,523,818$216,760,481
97$482,509,948$88,988,650$53,190,685$236,039,313
98$531,664,917$93,288,049$54,911,528$257,165,206
99$585,831,771$97,796,196$56,688,097$280,321,333
100$645,521,661$102,523,258$58,522,197$305,709,316