Can I retire at age 64 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,415,391
2 years$748,117$734,184$720,681$707,589$694,889$651,054
3 years$493,791$479,798$466,328$453,359$440,866$398,446
4 years$366,652$352,702$339,368$326,620$314,430$273,750
5 years$290,389$276,523$263,363$250,875$239,024$200,196
6 years$239,564$225,802$212,837$200,627$189,132$152,189
7 years$203,274$189,628$176,868$164,946$153,815$118,756
8 years$176,069$162,546$149,998$138,369$127,604$94,408
9 years$154,921$141,526$129,193$117,860$107,461$76,093
10 years$138,012$124,748$112,634$101,597$91,562$61,977
11 years$124,187$111,056$99,161$88,419$78,747$50,893
12 years$112,674$99,678$88,003$77,556$68,240$42,062
13 years$102,940$90,079$78,625$68,470$59,507$34,943
14 years$94,604$81,880$70,645$60,780$52,163$29,151
15 years$87,386$74,799$63,783$54,205$45,929$24,403
16 years$81,076$68,626$57,828$48,535$40,592$20,485
17 years$75,514$63,202$52,621$43,608$35,992$17,236
18 years$70,576$58,402$48,037$39,300$32,002$14,531
19 years$66,163$54,126$43,975$35,511$28,524$12,270
20 years$62,196$50,297$40,358$32,162$25,478$10,375
21 years$58,611$46,849$37,122$29,189$22,800$8,782
22 years$55,357$43,732$34,214$26,539$20,437$7,441
23 years$52,390$40,902$31,590$24,170$18,346$6,310
24 years$49,675$38,322$29,216$22,044$16,489$5,355
25 years$47,180$35,964$27,059$20,132$14,838$4,546
26 years$44,881$33,800$25,096$18,408$13,365$3,862
27 years$42,756$31,810$23,304$16,849$12,050$3,282
28 years$40,787$29,974$21,664$15,437$10,873$2,790
29 years$38,956$28,277$20,160$14,156$9,818$2,373
30 years$37,251$26,705$18,779$12,992$8,871$2,018
31 years$35,659$25,245$17,507$11,932$8,020$1,717
32 years$34,169$23,887$16,334$10,966$7,255$1,461
33 years$32,773$22,621$15,251$10,084$6,566$1,243
34 years$31,461$21,440$14,250$9,278$5,945$1,058
35 years$30,227$20,335$13,323$8,541$5,384$901
36 years$29,065$19,301$12,463$7,866$4,878$767
37 years$27,967$18,332$11,665$7,248$4,421$653
38 years$26,930$17,422$10,924$6,680$4,008$556
39 years$25,949$16,566$10,235$6,160$3,635$473
40 years$25,019$15,761$9,593$5,681$3,297$403
41 years$24,137$15,003$8,995$5,242$2,991$343
42 years$23,299$14,289$8,438$4,838$2,714$292
43 years$22,502$13,614$7,918$4,466$2,463$249
44 years$21,743$12,977$7,432$4,123$2,236$212
45 years$21,020$12,375$6,978$3,808$2,030$181
46 years$20,331$11,805$6,554$3,517$1,843$154
47 years$19,673$11,266$6,158$3,250$1,674$131
48 years$19,044$10,755$5,786$3,003$1,520$112
49 years$18,443$10,270$5,439$2,775$1,380$95
50 years$17,867$9,810$5,113$2,565$1,254$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $18,300,000, adding $5,946 every year, while hoping to spend $32,690 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: 59/32/9 Blend
63$18,300,000$18,300,000$18,300,000$18,300,000
64$20,172,733$19,202,833$18,919,183$21,321,199
65$22,195,570$20,108,990$19,518,194$22,999,530
66$24,423,641$21,058,453$20,136,176$24,824,461
67$26,877,844$22,053,310$20,773,730$26,813,479
68$29,581,211$23,095,748$21,431,477$28,982,352
69$32,559,119$24,188,064$22,110,055$31,348,410
70$35,839,533$25,332,663$22,810,126$33,930,703
71$39,453,269$26,532,068$23,532,370$36,750,179
72$43,434,288$27,788,924$24,277,489$39,829,870
73$47,820,008$29,106,005$25,046,208$43,195,106
74$52,651,668$30,486,218$25,839,275$46,873,742
75$57,974,709$31,932,614$26,657,462$50,896,421
76$63,839,207$33,448,389$27,501,563$55,296,847
77$70,300,341$35,036,895$28,372,401$60,112,100
78$77,418,922$36,701,649$29,270,823$65,382,976
79$85,261,959$38,446,336$30,197,702$71,154,361
80$93,903,293$40,274,822$31,153,940$77,475,648
81$103,424,300$42,191,159$32,140,467$84,401,191
82$113,914,649$44,199,596$33,158,244$91,990,809
83$125,473,158$46,304,591$34,208,259$100,310,339
84$138,208,720$48,510,816$35,291,536$109,432,244
85$152,241,334$50,823,170$36,409,127$119,436,289
86$167,703,238$53,246,793$37,562,120$130,410,277
87$184,740,154$55,787,072$38,751,638$142,450,869
88$203,512,668$58,449,657$39,978,836$155,664,478
89$224,197,743$61,240,473$41,244,909$170,168,261
90$246,990,389$64,165,732$42,551,090$186,091,210
91$272,105,505$67,231,950$43,898,649$203,575,356
92$299,779,910$70,445,959$45,288,896$222,777,086
93$330,274,573$73,814,923$46,723,186$243,868,610
94$363,877,080$77,346,355$48,202,914$267,039,562
95$400,904,350$81,048,134$49,729,520$292,498,776
96$441,705,624$84,928,523$51,304,488$320,476,231
97$486,665,761$88,996,184$52,929,353$351,225,209
98$536,208,877$93,260,206$54,605,694$385,024,657
99$590,802,342$97,730,115$56,335,144$422,181,800
100$650,961,196$102,415,905$58,119,386$463,035,019