Can I retire at age 64 with 18,200,000?

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 $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,400,915
2 years$744,029$730,172$716,743$703,722$691,092$640,858
3 years$491,092$477,176$463,780$450,882$438,457$389,945
4 years$364,649$350,775$337,513$324,835$312,711$266,292
5 years$288,802$275,012$261,924$249,504$237,718$193,514
6 years$238,255$224,568$211,674$199,531$188,098$146,144
7 years$202,163$188,592$175,902$164,045$152,974$113,262
8 years$175,107$161,658$149,179$137,613$126,907$89,404
9 years$154,074$140,752$128,487$117,216$106,874$71,534
10 years$137,258$124,066$112,018$101,041$91,062$57,826
11 years$123,508$110,449$98,619$87,936$78,316$47,117
12 years$112,059$99,133$87,522$77,132$67,867$38,632
13 years$102,378$89,587$78,195$68,096$59,182$31,833
14 years$94,087$81,432$70,259$60,448$51,878$26,336
15 years$86,908$74,390$63,434$53,909$45,678$21,859
16 years$80,633$68,251$57,512$48,270$40,370$18,192
17 years$75,102$62,857$52,334$43,370$35,795$15,173
18 years$70,190$58,083$47,774$39,085$31,827$12,677
19 years$65,801$53,830$43,735$35,317$28,368$10,608
20 years$61,856$50,022$40,138$31,986$25,339$8,888
21 years$58,291$46,593$36,919$29,029$22,676$7,454
22 years$55,055$43,493$34,027$26,394$20,325$6,257
23 years$52,104$40,678$31,417$24,038$18,245$5,256
24 years$49,403$38,113$29,056$21,924$16,399$4,418
25 years$46,922$35,767$26,912$20,022$14,757$3,715
26 years$44,636$33,615$24,959$18,307$13,292$3,125
27 years$42,523$31,636$23,177$16,757$11,984$2,630
28 years$40,564$29,810$21,546$15,353$10,814$2,214
29 years$38,743$28,123$20,050$14,079$9,764$1,865
30 years$37,047$26,559$18,676$12,921$8,823$1,570
31 years$35,464$25,107$17,411$11,867$7,977$1,323
32 years$33,982$23,756$16,245$10,906$7,215$1,114
33 years$32,594$22,498$15,168$10,029$6,530$939
34 years$31,289$21,323$14,172$9,228$5,912$791
35 years$30,062$20,224$13,250$8,494$5,355$667
36 years$28,906$19,196$12,395$7,823$4,852$562
37 years$27,815$18,231$11,601$7,208$4,397$474
38 years$26,783$17,326$10,864$6,644$3,987$399
39 years$25,807$16,476$10,179$6,126$3,615$337
40 years$24,882$15,675$9,540$5,650$3,279$284
41 years$24,005$14,921$8,946$5,213$2,975$239
42 years$23,171$14,211$8,392$4,811$2,699$202
43 years$22,379$13,540$7,874$4,441$2,450$170
44 years$21,624$12,906$7,391$4,101$2,224$143
45 years$20,905$12,307$6,940$3,787$2,019$121
46 years$20,220$11,741$6,518$3,498$1,833$102
47 years$19,565$11,204$6,124$3,232$1,664$86
48 years$18,940$10,696$5,755$2,986$1,511$72
49 years$18,342$10,214$5,409$2,760$1,373$61
50 years$17,770$9,757$5,085$2,551$1,247$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $18,200,000, adding $2,120 every year, while hoping to spend $52,016 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: 84/9/7 Blend
63$18,200,000$18,200,000$18,200,000$18,200,000
64$20,058,587$19,093,987$18,811,887$21,731,240
65$22,049,218$19,974,248$19,386,740$23,703,938
66$24,241,150$20,895,898$19,979,108$25,862,995
67$26,654,861$21,860,910$20,589,522$28,232,753
68$29,312,916$22,871,354$21,218,530$30,834,334
69$32,240,179$23,929,396$21,866,696$33,691,001
70$35,464,049$25,037,308$22,534,602$36,828,373
71$39,014,718$26,197,472$23,222,848$40,274,667
72$42,925,456$27,412,384$23,932,049$44,060,959
73$47,232,922$28,684,661$24,662,843$48,221,480
74$51,977,516$30,017,046$25,415,884$52,793,931
75$57,203,754$31,412,412$26,191,847$57,819,842
76$62,960,691$32,873,774$26,991,428$63,344,956
77$69,302,383$34,404,291$27,815,343$69,419,662
78$76,288,398$36,007,273$28,664,329$76,099,468
79$83,984,378$37,686,193$29,539,147$83,445,520
80$92,462,657$39,444,688$30,440,581$91,525,175
81$101,802,944$41,286,574$31,369,436$100,412,639
82$112,093,076$43,215,849$32,326,545$110,189,658
83$123,429,849$45,236,704$33,312,763$120,946,292
84$135,919,926$47,353,535$34,328,972$132,781,756
85$149,680,847$49,570,947$35,376,082$145,805,355
86$164,842,142$51,893,771$36,455,029$160,137,516
87$181,546,544$54,327,070$37,566,776$175,910,913
88$199,951,346$56,876,151$38,712,318$193,271,722
89$220,229,881$59,546,580$39,892,678$212,380,993
90$242,573,156$62,344,189$41,108,910$233,416,166
91$267,191,659$65,275,097$42,362,100$256,572,741
92$294,317,346$68,345,713$43,653,367$282,066,121
93$324,205,824$71,562,763$44,983,864$310,133,637
94$357,138,773$74,933,293$46,354,779$341,036,783
95$393,426,597$78,464,694$47,767,333$375,063,684
96$433,411,359$82,164,713$49,222,788$412,531,800
97$477,470,007$86,041,473$50,722,440$453,790,928
98$526,017,934$90,103,491$52,267,628$499,226,490
99$579,512,898$94,359,697$53,859,728$549,263,165
100$638,459,344$98,819,452$55,500,160$604,368,896