Can I retire at age 64 with 18,400,000?

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,444,124
2 years$752,205$738,196$724,619$711,455$698,687$675,456
3 years$496,489$482,419$468,877$455,836$443,275$420,654
4 years$368,656$354,629$341,222$328,404$316,148$294,310
5 years$291,976$278,034$264,802$252,246$240,331$219,340
6 years$240,873$227,035$214,000$201,723$190,165$170,046
7 years$204,385$190,664$177,835$165,848$154,655$135,414
8 years$177,031$163,434$150,818$139,126$128,302$109,935
9 years$155,768$142,299$129,899$118,504$108,048$90,546
10 years$138,767$125,430$113,249$102,152$92,063$75,411
11 years$124,866$111,663$99,703$88,903$79,177$63,359
12 years$113,290$100,222$88,484$77,980$68,613$53,609
13 years$103,503$90,572$79,054$68,844$59,832$45,620
14 years$95,121$82,327$71,031$61,112$52,448$39,005
15 years$87,863$75,207$64,131$54,501$46,180$33,481
16 years$81,519$69,001$58,144$48,800$40,814$28,833
17 years$75,927$63,548$52,909$43,846$36,188$24,900
18 years$70,962$58,721$48,299$39,514$32,177$21,554
19 years$66,524$54,422$44,216$35,705$28,680$18,695
20 years$62,536$50,571$40,579$32,337$25,617$16,243
21 years$58,932$47,105$37,325$29,348$22,925$14,134
22 years$55,660$43,971$34,400$26,684$20,549$12,314
23 years$52,677$41,125$31,763$24,302$18,446$10,740
24 years$49,946$38,532$29,375$22,165$16,580$9,376
25 years$47,438$36,160$27,207$20,242$14,919$8,193
26 years$45,127$33,985$25,233$18,508$13,439$7,163
27 years$42,990$31,984$23,431$16,941$12,116$6,267
28 years$41,010$30,138$21,783$15,522$10,932$5,486
29 years$39,169$28,432$20,270$14,234$9,872$4,805
30 years$37,454$26,851$18,881$13,063$8,920$4,210
31 years$35,854$25,383$17,602$11,997$8,064$3,690
32 years$34,356$24,017$16,423$11,026$7,295$3,235
33 years$32,952$22,745$15,335$10,139$6,602$2,837
34 years$31,633$21,557$14,328$9,329$5,977$2,489
35 years$30,392$20,446$13,395$8,588$5,414$2,184
36 years$29,223$19,407$12,531$7,909$4,905$1,917
37 years$28,120$18,432$11,729$7,287$4,446$1,682
38 years$27,078$17,517$10,984$6,717$4,030$1,477
39 years$26,091$16,657$10,290$6,193$3,655$1,296
40 years$25,156$15,848$9,645$5,712$3,315$1,138
41 years$24,269$15,085$9,044$5,270$3,008$1,000
42 years$23,426$14,367$8,484$4,864$2,729$878
43 years$22,625$13,689$7,961$4,490$2,477$771
44 years$21,862$13,048$7,473$4,146$2,248$677
45 years$21,135$12,443$7,017$3,829$2,041$595
46 years$20,442$11,870$6,590$3,537$1,853$522
47 years$19,780$11,327$6,191$3,267$1,683$459
48 years$19,148$10,813$5,818$3,019$1,528$403
49 years$18,543$10,326$5,469$2,790$1,388$354
50 years$17,965$9,864$5,141$2,579$1,261$311

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $18,400,000, adding $5,973 every year, while hoping to spend $55,301 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: 66/18/16 Blend
63$18,400,000$18,400,000$18,400,000$18,400,000
64$20,282,961$19,307,761$19,022,561$21,542,963
65$22,292,983$20,195,002$19,600,977$23,273,366
66$24,506,174$21,123,863$20,196,917$25,157,147
67$26,943,199$22,096,328$20,810,908$27,214,950
68$29,626,828$23,114,470$21,443,496$29,463,819
69$32,582,153$24,180,468$22,095,242$31,922,506
70$35,836,823$25,296,601$22,766,723$34,611,648
71$39,421,305$26,465,261$23,458,534$37,553,954
72$43,369,172$27,688,952$24,171,289$40,774,416
73$47,717,418$28,970,301$24,905,618$44,300,544
74$52,506,810$30,312,061$25,662,171$48,162,612
75$57,782,269$31,717,118$26,441,619$52,393,952
76$63,593,299$33,188,494$27,244,651$57,031,250
77$69,994,446$34,729,361$28,071,977$62,114,898
78$77,045,821$36,343,041$28,924,330$67,689,363
79$84,813,662$38,033,017$29,802,462$73,803,605
80$93,370,962$39,802,942$30,707,151$80,511,530
81$102,798,155$41,656,641$31,639,196$87,872,495
82$113,183,877$43,598,127$32,599,420$95,951,861
83$124,625,803$45,631,606$33,588,671$104,821,602
84$137,231,567$47,761,486$34,607,823$114,560,981
85$151,119,777$49,992,389$35,657,775$125,257,286
86$166,421,138$52,329,160$36,739,454$137,006,648
87$183,279,683$54,776,877$37,853,815$149,914,943
88$201,854,132$57,340,866$39,001,839$164,098,780
89$222,319,393$60,026,708$40,184,540$179,686,594
90$244,868,209$62,840,255$41,402,960$196,819,849
91$269,712,980$65,787,641$42,658,173$215,654,363
92$297,087,766$68,875,297$43,951,284$236,361,771
93$327,250,498$72,109,967$45,283,432$259,131,132
94$360,485,412$75,498,718$46,655,790$284,170,707
95$397,105,731$79,048,962$48,069,566$311,709,908
96$437,456,623$82,768,469$49,526,004$342,001,456
97$481,918,458$86,665,384$51,026,384$375,323,751
98$530,910,401$90,748,247$52,572,028$411,983,492
99$584,894,363$95,026,013$54,164,292$452,318,553
100$644,379,370$99,508,069$55,804,578$496,701,160