Can I retire at age 64 with 18,100,000?

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 $18,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$1,494,681$1,481,367$1,468,378$1,455,699$1,443,319$1,426,467
2 years$739,941$726,160$712,805$699,855$687,295$670,332
3 years$488,394$474,554$461,232$448,404$436,048$419,502
4 years$362,645$348,847$335,659$323,050$310,993$294,991
5 years$287,216$273,501$260,485$248,133$236,412$221,000
6 years$236,946$223,334$210,510$198,434$187,065$172,262
7 years$201,052$187,555$174,935$163,144$152,134$137,947
8 years$174,145$160,770$148,359$136,857$126,210$112,637
9 years$153,228$139,979$127,782$116,572$106,287$93,322
10 years$136,504$123,384$111,403$100,486$90,562$78,197
11 years$122,830$109,842$98,077$87,453$77,886$66,111
12 years$111,443$98,588$87,041$76,708$67,494$56,296
13 years$101,815$89,095$77,765$67,722$58,856$48,221
14 years$93,570$80,985$69,873$60,116$51,593$41,505
15 years$86,431$73,981$63,086$53,613$45,427$35,870
16 years$80,190$67,876$57,196$48,004$40,148$31,106
17 years$74,689$62,512$52,046$43,132$35,598$27,053
18 years$69,805$57,763$47,512$38,870$31,652$23,587
19 years$65,440$53,535$43,495$35,123$28,212$20,608
20 years$61,516$49,747$39,917$31,810$25,200$18,039
21 years$57,971$46,337$36,716$28,870$22,551$15,815
22 years$54,752$43,254$33,840$26,249$20,214$13,883
23 years$51,818$40,455$31,245$23,906$18,145$12,203
24 years$49,132$37,903$28,896$21,803$16,309$10,737
25 years$46,665$35,571$26,764$19,912$14,676$9,455
26 years$44,391$33,431$24,822$18,207$13,219$8,333
27 years$42,289$31,462$23,049$16,665$11,918$7,350
28 years$40,341$29,647$21,427$15,269$10,754$6,486
29 years$38,530$27,968$19,940$14,002$9,711$5,727
30 years$36,844$26,413$18,573$12,850$8,774$5,059
31 years$35,269$24,969$17,315$11,802$7,933$4,471
32 years$33,796$23,626$16,156$10,846$7,176$3,953
33 years$32,414$22,374$15,085$9,974$6,494$3,495
34 years$31,117$21,205$14,094$9,177$5,880$3,092
35 years$29,897$20,113$13,177$8,448$5,325$2,736
36 years$28,747$19,090$12,327$7,780$4,825$2,421
37 years$27,662$18,131$11,538$7,168$4,373$2,143
38 years$26,636$17,231$10,805$6,607$3,965$1,898
39 years$25,665$16,385$10,123$6,092$3,595$1,680
40 years$24,746$15,589$9,488$5,619$3,261$1,488
41 years$23,873$14,839$8,897$5,184$2,959$1,318
42 years$23,044$14,133$8,345$4,785$2,685$1,168
43 years$22,256$13,465$7,831$4,417$2,436$1,034
44 years$21,505$12,835$7,351$4,078$2,212$916
45 years$20,790$12,240$6,902$3,766$2,008$812
46 years$20,109$11,676$6,483$3,479$1,823$719
47 years$19,458$11,143$6,090$3,214$1,655$637
48 years$18,836$10,637$5,723$2,970$1,503$565
49 years$18,241$10,158$5,379$2,745$1,365$501
50 years$17,672$9,703$5,058$2,537$1,240$444

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $18,100,000, adding $3,840 every year, while hoping to spend $22,175 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: 73/8/19 Blend
63$18,100,000$18,100,000$18,100,000$18,100,000
64$19,950,161$18,990,861$18,710,311$21,316,534
65$21,961,483$19,897,819$19,313,512$23,131,457
66$24,177,217$20,848,475$19,936,178$25,116,038
67$26,618,190$21,844,946$20,578,936$27,289,607
68$29,307,350$22,889,454$21,242,436$29,670,939
69$32,269,990$23,984,327$21,927,347$32,280,708
70$35,533,977$25,132,007$22,634,361$35,141,673
71$39,130,023$26,335,056$23,364,193$38,278,895
72$43,091,971$27,596,159$24,117,578$41,719,969
73$47,457,114$28,918,133$24,895,279$45,495,283
74$52,266,549$30,303,931$25,698,080$49,638,300
75$57,565,563$31,756,650$26,526,793$54,185,871
76$63,404,064$33,279,539$27,382,254$59,178,581
77$69,837,047$34,876,005$28,265,327$64,661,127
78$76,925,115$36,549,618$29,176,905$70,682,737
79$84,735,054$38,304,127$30,117,909$77,297,634
80$93,340,460$40,143,459$31,089,289$84,565,537
81$102,822,433$42,071,735$32,092,027$92,552,230
82$113,270,347$44,093,276$33,127,135$101,330,169
83$124,782,689$46,212,614$34,195,661$110,979,170
84$137,467,991$48,434,500$35,298,684$121,587,154
85$151,445,855$50,763,918$36,437,318$133,250,972
86$166,848,078$53,206,096$37,612,714$146,077,316
87$183,819,902$55,766,515$38,826,060$160,183,720
88$202,521,383$58,450,925$40,078,584$175,699,665
89$223,128,897$61,265,354$41,371,550$192,767,794
90$245,836,814$64,216,125$42,706,266$211,545,258
91$270,859,324$67,309,870$44,084,081$232,205,185
92$298,432,465$70,553,545$45,506,388$254,938,316
93$328,816,350$73,954,442$46,974,626$279,954,795
94$362,297,621$77,520,212$48,490,278$307,486,149
95$399,192,153$81,258,878$50,054,878$337,787,461
96$439,848,044$85,178,854$51,670,007$371,139,778
97$484,648,892$89,288,965$53,337,300$407,852,751
98$534,017,421$93,598,466$55,058,441$448,267,553
99$588,419,472$98,117,065$56,835,173$492,760,091
100$648,368,398$102,854,942$58,669,292$541,744,544