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%17.6%
1 years$1,494,681$1,481,367$1,468,378$1,455,699$1,443,319$1,398,798
2 years$739,941$726,160$712,805$699,855$687,295$642,830
3 years$488,394$474,554$461,232$448,404$436,048$393,034
4 years$362,645$348,847$335,659$323,050$310,993$269,759
5 years$287,216$273,501$260,485$248,133$236,412$197,070
6 years$236,946$223,334$210,510$198,434$187,065$149,649
7 years$201,052$187,555$174,935$163,144$152,134$116,641
8 years$174,145$160,770$148,359$136,857$126,210$92,617
9 years$153,228$139,979$127,782$116,572$106,287$74,558
10 years$136,504$123,384$111,403$100,486$90,562$60,651
11 years$122,830$109,842$98,077$87,453$77,886$49,740
12 years$111,443$98,588$87,041$76,708$67,494$41,055
13 years$101,815$89,095$77,765$67,722$58,856$34,060
14 years$93,570$80,985$69,873$60,116$51,593$28,375
15 years$86,431$73,981$63,086$53,613$45,427$23,720
16 years$80,190$67,876$57,196$48,004$40,148$19,883
17 years$74,689$62,512$52,046$43,132$35,598$16,705
18 years$69,805$57,763$47,512$38,870$31,652$14,062
19 years$65,440$53,535$43,495$35,123$28,212$11,856
20 years$61,516$49,747$39,917$31,810$25,200$10,010
21 years$57,971$46,337$36,716$28,870$22,551$8,460
22 years$54,752$43,254$33,840$26,249$20,214$7,157
23 years$51,818$40,455$31,245$23,906$18,145$6,060
24 years$49,132$37,903$28,896$21,803$16,309$5,134
25 years$46,665$35,571$26,764$19,912$14,676$4,352
26 years$44,391$33,431$24,822$18,207$13,219$3,691
27 years$42,289$31,462$23,049$16,665$11,918$3,132
28 years$40,341$29,647$21,427$15,269$10,754$2,658
29 years$38,530$27,968$19,940$14,002$9,711$2,256
30 years$36,844$26,413$18,573$12,850$8,774$1,916
31 years$35,269$24,969$17,315$11,802$7,933$1,627
32 years$33,796$23,626$16,156$10,846$7,176$1,383
33 years$32,414$22,374$15,085$9,974$6,494$1,175
34 years$31,117$21,205$14,094$9,177$5,880$998
35 years$29,897$20,113$13,177$8,448$5,325$848
36 years$28,747$19,090$12,327$7,780$4,825$721
37 years$27,662$18,131$11,538$7,168$4,373$613
38 years$26,636$17,231$10,805$6,607$3,965$521
39 years$25,665$16,385$10,123$6,092$3,595$443
40 years$24,746$15,589$9,488$5,619$3,261$376
41 years$23,873$14,839$8,897$5,184$2,959$320
42 years$23,044$14,133$8,345$4,785$2,685$272
43 years$22,256$13,465$7,831$4,417$2,436$231
44 years$21,505$12,835$7,351$4,078$2,212$197
45 years$20,790$12,240$6,902$3,766$2,008$167
46 years$20,109$11,676$6,483$3,479$1,823$142
47 years$19,458$11,143$6,090$3,214$1,655$121
48 years$18,836$10,637$5,723$2,970$1,503$103
49 years$18,241$10,158$5,379$2,745$1,365$87
50 years$17,672$9,703$5,058$2,537$1,240$74

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 $4,844 every year, while hoping to spend $46,666 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$18,100,000$18,100,000$18,100,000$18,100,000
64$19,951,197$18,991,897$18,711,347$20,910,349
65$21,936,566$19,872,847$19,288,524$22,447,010
66$24,122,880$20,795,400$19,883,474$24,111,263
67$26,530,584$21,761,545$20,496,740$25,919,405
68$29,182,210$22,773,367$21,128,887$27,884,993
69$32,102,585$23,833,052$21,780,495$30,022,919
70$35,319,068$24,942,891$22,452,161$32,349,541
71$38,861,805$26,105,285$23,144,501$34,882,828
72$42,764,018$27,322,753$23,858,150$37,642,528
73$47,062,313$28,597,933$24,593,764$40,650,341
74$51,797,030$29,933,593$25,352,016$43,930,118
75$57,012,621$31,332,632$26,133,602$47,508,078
76$62,758,069$32,798,092$26,939,238$51,413,043
77$69,087,352$34,333,159$27,769,663$55,676,706
78$76,059,953$35,941,175$28,625,638$60,333,915
79$83,741,419$37,625,643$29,507,948$65,422,994
80$92,203,980$39,390,236$30,417,400$70,986,096
81$101,527,232$41,238,803$31,354,829$77,069,582
82$111,798,887$43,175,382$32,321,092$83,724,457
83$123,115,600$45,204,202$33,317,076$91,006,830
84$135,583,885$47,329,702$34,343,691$98,978,436
85$149,321,115$49,556,531$35,401,879$107,707,202
86$164,456,634$51,889,567$36,492,608$117,267,877
87$181,132,977$54,333,921$37,616,876$127,742,719
88$199,507,212$56,894,955$38,775,713$139,222,259
89$219,752,428$59,578,288$39,970,179$151,806,135
90$242,059,363$62,389,811$41,201,367$165,604,020
91$266,638,209$65,335,703$42,470,404$180,736,638
92$293,720,594$68,422,441$43,778,451$197,336,881
93$323,561,770$71,656,815$45,126,704$215,551,049
94$356,443,018$75,045,946$46,516,396$235,540,208
95$392,674,308$78,597,301$47,948,798$257,481,687
96$432,597,225$82,318,705$49,425,220$281,570,733
97$476,588,188$86,218,368$50,947,011$308,022,326
98$525,062,010$90,304,895$52,515,563$337,073,190
99$578,475,809$94,587,309$54,132,308$368,983,992
100$637,333,327$99,075,072$55,798,725$404,041,787