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%18.8%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,399,800
2 years$744,029$730,172$716,743$703,722$691,092$639,763
3 years$491,092$477,176$463,780$450,882$438,457$388,904
4 years$364,649$350,775$337,513$324,835$312,711$265,314
5 years$288,802$275,012$261,924$249,504$237,718$192,600
6 years$238,255$224,568$211,674$199,531$188,098$145,294
7 years$202,163$188,592$175,902$164,045$152,974$112,474
8 years$175,107$161,658$149,179$137,613$126,907$88,678
9 years$154,074$140,752$128,487$117,216$106,874$70,866
10 years$137,258$124,066$112,018$101,041$91,062$57,213
11 years$123,508$110,449$98,619$87,936$78,316$46,557
12 years$112,059$99,133$87,522$77,132$67,867$38,122
13 years$102,378$89,587$78,195$68,096$59,182$31,370
14 years$94,087$81,432$70,259$60,448$51,878$25,917
15 years$86,908$74,390$63,434$53,909$45,678$21,481
16 years$80,633$68,251$57,512$48,270$40,370$17,851
17 years$75,102$62,857$52,334$43,370$35,795$14,867
18 years$70,190$58,083$47,774$39,085$31,827$12,403
19 years$65,801$53,830$43,735$35,317$28,368$10,363
20 years$61,856$50,022$40,138$31,986$25,339$8,669
21 years$58,291$46,593$36,919$29,029$22,676$7,259
22 years$55,055$43,493$34,027$26,394$20,325$6,084
23 years$52,104$40,678$31,417$24,038$18,245$5,103
24 years$49,403$38,113$29,056$21,924$16,399$4,282
25 years$46,922$35,767$26,912$20,022$14,757$3,595
26 years$44,636$33,615$24,959$18,307$13,292$3,020
27 years$42,523$31,636$23,177$16,757$11,984$2,537
28 years$40,564$29,810$21,546$15,353$10,814$2,132
29 years$38,743$28,123$20,050$14,079$9,764$1,793
30 years$37,047$26,559$18,676$12,921$8,823$1,507
31 years$35,464$25,107$17,411$11,867$7,977$1,268
32 years$33,982$23,756$16,245$10,906$7,215$1,066
33 years$32,594$22,498$15,168$10,029$6,530$897
34 years$31,289$21,323$14,172$9,228$5,912$755
35 years$30,062$20,224$13,250$8,494$5,355$635
36 years$28,906$19,196$12,395$7,823$4,852$534
37 years$27,815$18,231$11,601$7,208$4,397$450
38 years$26,783$17,326$10,864$6,644$3,987$378
39 years$25,807$16,476$10,179$6,126$3,615$318
40 years$24,882$15,675$9,540$5,650$3,279$268
41 years$24,005$14,921$8,946$5,213$2,975$225
42 years$23,171$14,211$8,392$4,811$2,699$190
43 years$22,379$13,540$7,874$4,441$2,450$160
44 years$21,624$12,906$7,391$4,101$2,224$134
45 years$20,905$12,307$6,940$3,787$2,019$113
46 years$20,220$11,741$6,518$3,498$1,833$95
47 years$19,565$11,204$6,124$3,232$1,664$80
48 years$18,940$10,696$5,755$2,986$1,511$67
49 years$18,342$10,214$5,409$2,760$1,373$57
50 years$17,770$9,757$5,085$2,551$1,247$48

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 $6,457 every year, while hoping to spend $22,304 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: 30/46/24 Blend
63$18,200,000$18,200,000$18,200,000$18,200,000
64$20,063,060$19,098,460$18,816,360$20,515,421
65$22,085,761$20,010,554$19,422,977$21,776,572
66$24,314,030$20,966,592$20,049,168$23,129,931
67$26,768,811$21,968,705$20,695,565$24,585,421
68$29,473,185$23,019,126$21,362,821$26,151,912
69$32,452,584$24,120,198$22,051,610$27,839,110
70$35,735,035$25,274,376$22,762,627$29,657,637
71$39,351,424$26,484,235$23,496,590$31,619,127
72$43,335,784$27,752,477$24,254,241$33,736,316
73$47,725,620$29,081,935$25,036,344$36,023,162
74$52,562,261$30,475,577$25,843,689$38,494,957
75$57,891,251$31,936,520$26,677,092$41,168,462
76$63,762,779$33,468,030$27,537,395$44,062,056
77$70,232,152$35,073,532$28,425,467$47,195,891
78$77,360,315$36,756,619$29,342,204$50,592,073
79$85,214,433$38,521,059$30,288,534$54,274,853
80$93,868,517$40,370,803$31,265,411$58,270,843
81$103,404,126$42,309,993$32,273,823$62,609,252
82$113,911,141$44,342,976$33,314,790$67,322,143
83$125,488,604$46,474,309$34,389,362$72,444,720
84$138,245,662$48,708,770$35,498,626$78,015,642
85$152,302,592$51,051,373$36,643,703$84,077,370
86$167,791,939$53,507,373$37,825,750$90,676,547
87$184,859,766$56,082,283$39,045,961$97,864,417
88$203,667,033$58,781,885$40,305,571$105,697,289
89$224,391,114$61,612,242$41,605,852$114,237,046
90$247,227,479$64,579,713$42,948,119$123,551,703
91$272,391,530$67,690,967$44,333,729$133,716,029
92$300,120,639$70,952,998$45,764,083$144,812,220
93$330,676,391$74,373,141$47,240,626$156,930,655
94$364,347,048$77,959,090$48,764,852$170,170,716
95$401,450,274$81,718,913$50,338,302$184,641,699
96$442,336,134$85,661,072$51,962,567$200,463,812
97$487,390,397$89,794,441$53,639,290$217,769,281
98$537,038,177$94,128,329$55,370,166$236,703,562
99$591,747,952$98,672,497$57,156,947$257,426,676
100$652,035,977$103,437,184$59,001,439$280,114,688