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%18.1%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,403,713
2 years$744,029$730,172$716,743$703,722$691,092$643,610
3 years$491,092$477,176$463,780$450,882$438,457$392,563
4 years$364,649$350,775$337,513$324,835$312,711$268,757
5 years$288,802$275,012$261,924$249,504$237,718$195,821
6 years$238,255$224,568$211,674$199,531$188,098$148,293
7 years$202,163$188,592$175,902$164,045$152,974$115,256
8 years$175,107$161,658$149,179$137,613$126,907$91,248
9 years$154,074$140,752$128,487$117,216$106,874$73,232
10 years$137,258$124,066$112,018$101,041$91,062$59,385
11 years$123,508$110,449$98,619$87,936$78,316$48,545
12 years$112,059$99,133$87,522$77,132$67,867$39,936
13 years$102,378$89,587$78,195$68,096$59,182$33,020
14 years$94,087$81,432$70,259$60,448$51,878$27,413
15 years$86,908$74,390$63,434$53,909$45,678$22,834
16 years$80,633$68,251$57,512$48,270$40,370$19,072
17 years$75,102$62,857$52,334$43,370$35,795$15,965
18 years$70,190$58,083$47,774$39,085$31,827$13,389
19 years$65,801$53,830$43,735$35,317$28,368$11,247
20 years$61,856$50,022$40,138$31,986$25,339$9,459
21 years$58,291$46,593$36,919$29,029$22,676$7,964
22 years$55,055$43,493$34,027$26,394$20,325$6,711
23 years$52,104$40,678$31,417$24,038$18,245$5,659
24 years$49,403$38,113$29,056$21,924$16,399$4,776
25 years$46,922$35,767$26,912$20,022$14,757$4,032
26 years$44,636$33,615$24,959$18,307$13,292$3,406
27 years$42,523$31,636$23,177$16,757$11,984$2,878
28 years$40,564$29,810$21,546$15,353$10,814$2,433
29 years$38,743$28,123$20,050$14,079$9,764$2,057
30 years$37,047$26,559$18,676$12,921$8,823$1,739
31 years$35,464$25,107$17,411$11,867$7,977$1,471
32 years$33,982$23,756$16,245$10,906$7,215$1,245
33 years$32,594$22,498$15,168$10,029$6,530$1,053
34 years$31,289$21,323$14,172$9,228$5,912$891
35 years$30,062$20,224$13,250$8,494$5,355$754
36 years$28,906$19,196$12,395$7,823$4,852$638
37 years$27,815$18,231$11,601$7,208$4,397$540
38 years$26,783$17,326$10,864$6,644$3,987$457
39 years$25,807$16,476$10,179$6,126$3,615$387
40 years$24,882$15,675$9,540$5,650$3,279$328
41 years$24,005$14,921$8,946$5,213$2,975$277
42 years$23,171$14,211$8,392$4,811$2,699$235
43 years$22,379$13,540$7,874$4,441$2,450$199
44 years$21,624$12,906$7,391$4,101$2,224$168
45 years$20,905$12,307$6,940$3,787$2,019$143
46 years$20,220$11,741$6,518$3,498$1,833$121
47 years$19,565$11,204$6,124$3,232$1,664$102
48 years$18,940$10,696$5,755$2,986$1,511$87
49 years$18,342$10,214$5,409$2,760$1,373$73
50 years$17,770$9,757$5,085$2,551$1,247$62

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 $3,589 every year, while hoping to spend $29,550 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: 59/12/29 Blend
63$18,200,000$18,200,000$18,200,000$18,200,000
64$20,060,102$19,095,502$18,813,402$21,084,797
65$22,074,791$19,999,741$19,412,210$22,690,668
66$24,293,989$20,947,297$20,030,088$24,438,087
67$26,738,523$21,940,261$20,667,643$26,343,630
68$29,431,345$22,980,827$21,325,502$28,422,686
69$32,397,749$24,071,294$22,004,313$30,692,183
70$35,665,604$25,214,073$22,704,742$33,170,744
71$39,265,625$26,411,691$23,427,480$35,878,864
72$43,231,654$27,666,799$24,173,236$38,839,095
73$47,600,988$28,982,178$24,942,744$42,076,255
74$52,414,725$30,360,740$25,736,762$45,617,659
75$57,718,153$31,805,543$26,556,070$49,493,372
76$63,561,181$33,319,791$27,401,475$53,736,488
77$69,998,804$34,906,843$28,273,807$58,383,437
78$77,091,628$36,570,225$29,173,926$63,474,323
79$84,906,438$38,313,630$30,102,716$69,053,301
80$93,516,830$40,140,933$31,061,092$75,168,982
81$103,003,904$42,056,196$32,049,997$81,874,890
82$113,457,034$44,063,681$33,070,403$89,229,963
83$124,974,704$46,167,855$34,123,314$97,299,096
84$137,665,447$48,373,402$35,209,768$106,153,754
85$151,648,859$50,685,236$36,330,832$115,872,638
86$167,056,738$53,108,508$37,487,611$126,542,418
87$184,034,322$55,648,620$38,681,241$138,258,545
88$202,741,659$58,311,239$39,912,899$151,126,147
89$223,355,123$61,102,305$41,183,797$165,261,009
90$246,069,077$64,028,049$42,495,185$180,790,660
91$271,097,702$67,095,003$43,848,353$197,855,568
92$298,677,030$70,310,020$45,244,635$216,610,456
93$329,067,160$73,680,285$46,685,404$237,225,754
94$362,554,724$77,213,332$48,172,078$259,889,196
95$399,455,585$80,917,064$49,706,122$284,807,584
96$440,117,823$84,799,768$51,289,045$312,208,728
97$484,925,018$88,870,134$52,922,405$342,343,587
98$534,299,875$93,137,276$54,607,811$375,488,623
99$588,708,212$97,610,752$56,346,922$411,948,403
100$648,663,356$102,300,586$58,141,451$452,058,458