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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.2%
1 years$1,494,681$1,481,367$1,468,378$1,455,699$1,443,319$1,418,242
2 years$739,941$726,160$712,805$699,855$687,295$662,111
3 years$488,394$474,554$461,232$448,404$436,048$411,542
4 years$362,645$348,847$335,659$323,050$310,993$287,354
5 years$287,216$273,501$260,485$248,133$236,412$213,708
6 years$236,946$223,334$210,510$198,434$187,065$165,321
7 years$201,052$187,555$174,935$163,144$152,134$131,356
8 years$174,145$160,770$148,359$136,857$126,210$106,394
9 years$153,228$139,979$127,782$116,572$106,287$87,422
10 years$136,504$123,384$111,403$100,486$90,562$72,631
11 years$122,830$109,842$98,077$87,453$77,886$60,870
12 years$111,443$98,588$87,041$76,708$67,494$51,371
13 years$101,815$89,095$77,765$67,722$58,856$43,600
14 years$93,570$80,985$69,873$60,116$51,593$37,178
15 years$86,431$73,981$63,086$53,613$45,427$31,825
16 years$80,190$67,876$57,196$48,004$40,148$27,331
17 years$74,689$62,512$52,046$43,132$35,598$23,535
18 years$69,805$57,763$47,512$38,870$31,652$20,313
19 years$65,440$53,535$43,495$35,123$28,212$17,567
20 years$61,516$49,747$39,917$31,810$25,200$15,218
21 years$57,971$46,337$36,716$28,870$22,551$13,202
22 years$54,752$43,254$33,840$26,249$20,214$11,467
23 years$51,818$40,455$31,245$23,906$18,145$9,970
24 years$49,132$37,903$28,896$21,803$16,309$8,677
25 years$46,665$35,571$26,764$19,912$14,676$7,558
26 years$44,391$33,431$24,822$18,207$13,219$6,587
27 years$42,289$31,462$23,049$16,665$11,918$5,745
28 years$40,341$29,647$21,427$15,269$10,754$5,013
29 years$38,530$27,968$19,940$14,002$9,711$4,376
30 years$36,844$26,413$18,573$12,850$8,774$3,821
31 years$35,269$24,969$17,315$11,802$7,933$3,338
32 years$33,796$23,626$16,156$10,846$7,176$2,917
33 years$32,414$22,374$15,085$9,974$6,494$2,550
34 years$31,117$21,205$14,094$9,177$5,880$2,229
35 years$29,897$20,113$13,177$8,448$5,325$1,949
36 years$28,747$19,090$12,327$7,780$4,825$1,705
37 years$27,662$18,131$11,538$7,168$4,373$1,491
38 years$26,636$17,231$10,805$6,607$3,965$1,305
39 years$25,665$16,385$10,123$6,092$3,595$1,142
40 years$24,746$15,589$9,488$5,619$3,261$999
41 years$23,873$14,839$8,897$5,184$2,959$874
42 years$23,044$14,133$8,345$4,785$2,685$765
43 years$22,256$13,465$7,831$4,417$2,436$670
44 years$21,505$12,835$7,351$4,078$2,212$586
45 years$20,790$12,240$6,902$3,766$2,008$513
46 years$20,109$11,676$6,483$3,479$1,823$449
47 years$19,458$11,143$6,090$3,214$1,655$393
48 years$18,836$10,637$5,723$2,970$1,503$344
49 years$18,241$10,158$5,379$2,745$1,365$301
50 years$17,672$9,703$5,058$2,537$1,240$264

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 $6,251 every year, while hoping to spend $53,319 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: 54/40/6 Blend
63$18,100,000$18,100,000$18,100,000$18,100,000
64$19,952,648$18,993,348$18,712,798$21,002,917
65$21,931,087$19,867,291$19,282,946$22,587,153
66$24,109,540$20,782,270$19,870,406$24,303,997
67$26,508,352$21,740,240$20,475,704$26,171,122
68$29,149,941$22,743,249$21,099,377$28,202,761
69$32,059,011$23,793,444$21,741,982$30,414,551
70$35,262,783$24,893,076$22,404,091$32,823,670
71$38,791,253$26,044,503$23,086,295$35,448,994
72$42,677,474$27,250,197$23,789,199$38,311,268
73$46,957,870$28,512,750$24,513,431$41,433,293
74$51,672,575$29,834,878$25,259,634$44,840,132
75$56,865,819$31,219,428$26,028,472$48,559,342
76$62,586,336$32,669,383$26,820,630$52,621,217
77$68,887,833$34,187,873$27,636,811$57,059,074
78$75,829,489$35,778,177$28,477,742$61,909,551
79$83,476,520$37,443,731$29,344,169$67,212,945
80$91,900,790$39,188,138$30,236,863$73,013,580
81$101,181,489$41,015,175$31,156,617$79,360,216
82$111,405,884$42,928,802$32,104,247$86,306,495
83$122,670,141$44,933,170$33,080,595$93,911,436
84$135,080,228$47,032,628$34,086,528$102,239,981
85$148,752,923$49,231,738$35,122,938$111,363,590
86$163,816,909$51,535,282$36,190,745$121,360,904
87$180,413,995$53,948,272$37,290,896$132,318,471
88$198,700,448$56,475,963$38,424,367$144,331,550
89$218,848,473$59,123,864$39,592,162$157,504,991
90$241,047,834$61,897,750$40,795,316$171,954,205
91$265,507,649$64,803,676$42,034,896$187,806,243
92$292,458,364$67,847,990$43,311,999$205,200,968
93$322,153,922$71,037,347$44,627,756$224,292,362
94$354,874,169$74,378,724$45,983,333$245,249,954
95$390,927,488$77,879,436$47,379,929$268,260,402
96$430,653,715$81,547,151$48,818,780$293,529,229
97$474,427,343$85,389,911$50,301,158$321,282,742
98$522,661,060$89,416,144$51,828,375$351,770,143
99$575,809,643$93,634,690$53,401,780$385,265,852
100$634,374,252$98,054,816$55,022,765$422,072,074