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%16.9%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,418,241
2 years$748,117$734,184$720,681$707,589$694,889$653,869
3 years$493,791$479,798$466,328$453,359$440,866$401,136
4 years$366,652$352,702$339,368$326,620$314,430$276,295
5 years$290,389$276,523$263,363$250,875$239,024$202,590
6 years$239,564$225,802$212,837$200,627$189,132$154,431
7 years$203,274$189,628$176,868$164,946$153,815$120,849
8 years$176,069$162,546$149,998$138,369$127,604$96,354
9 years$154,921$141,526$129,193$117,860$107,461$77,897
10 years$138,012$124,748$112,634$101,597$91,562$63,646
11 years$124,187$111,056$99,161$88,419$78,747$52,432
12 years$112,674$99,678$88,003$77,556$68,240$43,477
13 years$102,940$90,079$78,625$68,470$59,507$36,241
14 years$94,604$81,880$70,645$60,780$52,163$30,339
15 years$87,386$74,799$63,783$54,205$45,929$25,486
16 years$81,076$68,626$57,828$48,535$40,592$21,472
17 years$75,514$63,202$52,621$43,608$35,992$18,133
18 years$70,576$58,402$48,037$39,300$32,002$15,343
19 years$66,163$54,126$43,975$35,511$28,524$13,005
20 years$62,196$50,297$40,358$32,162$25,478$11,038
21 years$58,611$46,849$37,122$29,189$22,800$9,380
22 years$55,357$43,732$34,214$26,539$20,437$7,979
23 years$52,390$40,902$31,590$24,170$18,346$6,793
24 years$49,675$38,322$29,216$22,044$16,489$5,787
25 years$47,180$35,964$27,059$20,132$14,838$4,933
26 years$44,881$33,800$25,096$18,408$13,365$4,207
27 years$42,756$31,810$23,304$16,849$12,050$3,590
28 years$40,787$29,974$21,664$15,437$10,873$3,064
29 years$38,956$28,277$20,160$14,156$9,818$2,617
30 years$37,251$26,705$18,779$12,992$8,871$2,235
31 years$35,659$25,245$17,507$11,932$8,020$1,909
32 years$34,169$23,887$16,334$10,966$7,255$1,631
33 years$32,773$22,621$15,251$10,084$6,566$1,394
34 years$31,461$21,440$14,250$9,278$5,945$1,192
35 years$30,227$20,335$13,323$8,541$5,384$1,019
36 years$29,065$19,301$12,463$7,866$4,878$871
37 years$27,967$18,332$11,665$7,248$4,421$744
38 years$26,930$17,422$10,924$6,680$4,008$637
39 years$25,949$16,566$10,235$6,160$3,635$544
40 years$25,019$15,761$9,593$5,681$3,297$465
41 years$24,137$15,003$8,995$5,242$2,991$398
42 years$23,299$14,289$8,438$4,838$2,714$340
43 years$22,502$13,614$7,918$4,466$2,463$291
44 years$21,743$12,977$7,432$4,123$2,236$249
45 years$21,020$12,375$6,978$3,808$2,030$213
46 years$20,331$11,805$6,554$3,517$1,843$182
47 years$19,673$11,266$6,158$3,250$1,674$156
48 years$19,044$10,755$5,786$3,003$1,520$133
49 years$18,443$10,270$5,439$2,775$1,380$114
50 years$17,867$9,810$5,113$2,565$1,254$98

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 $2,794 every year, while hoping to spend $47,726 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: 40/48/12 Blend
63$18,300,000$18,300,000$18,300,000$18,300,000
64$20,169,482$19,199,582$18,915,932$20,903,838
65$22,175,989$20,089,581$19,498,836$22,312,398
66$24,385,560$21,021,591$20,099,667$23,830,287
67$26,818,858$21,997,620$20,718,976$25,471,254
68$29,498,650$23,019,771$21,357,330$27,246,465
69$32,450,025$24,090,253$22,015,314$29,168,163
70$35,700,630$25,211,378$22,693,529$31,249,774
71$39,280,928$26,385,569$23,392,596$33,506,025
72$43,224,490$27,615,370$24,113,156$35,953,071
73$47,568,308$28,903,443$24,855,866$38,608,644
74$52,353,145$30,252,581$25,621,408$41,492,201
75$57,623,922$31,665,713$26,410,481$44,625,105
76$63,430,136$33,145,907$27,223,806$48,030,809
77$69,826,334$34,696,381$28,062,128$51,735,070
78$76,872,624$36,320,507$28,926,212$55,766,177
79$84,635,241$38,021,822$29,816,850$60,155,205
80$93,187,176$39,804,031$30,734,855$64,936,296
81$102,608,861$41,671,022$31,681,066$70,146,965
82$112,988,931$43,626,868$32,656,347$75,828,441
83$124,425,057$45,675,841$33,661,591$82,026,040
84$137,024,874$47,822,417$34,697,715$88,789,574
85$150,906,988$50,071,293$35,765,665$96,173,808
86$166,202,103$52,427,389$36,866,417$104,238,955
87$183,054,252$54,895,865$38,000,977$113,051,227
88$201,622,156$57,482,133$39,170,380$122,683,442
89$222,080,721$60,191,863$40,375,693$133,215,687
90$244,622,693$63,031,002$41,618,017$144,736,055
91$269,460,473$66,005,787$42,898,486$157,341,453
92$296,828,124$69,122,753$44,218,268$171,138,493
93$326,983,580$72,388,755$45,578,566$186,244,471
94$360,211,080$75,810,979$46,980,624$202,788,455
95$396,823,853$79,396,960$48,425,718$220,912,468
96$437,167,074$83,154,598$49,915,166$240,772,805
97$481,621,119$87,092,177$51,450,328$262,541,474
98$530,605,161$91,218,382$53,032,602$286,407,795
99$584,581,124$95,542,320$54,663,432$312,580,149
100$644,058,045$100,073,539$56,344,302$341,287,910