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%17.6%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,421,983
2 years$752,205$738,196$724,619$711,455$698,687$653,485
3 years$496,489$482,419$468,877$455,836$443,275$399,548
4 years$368,656$354,629$341,222$328,404$316,148$274,231
5 years$291,976$278,034$264,802$252,246$240,331$200,336
6 years$240,873$227,035$214,000$201,723$190,165$152,129
7 years$204,385$190,664$177,835$165,848$154,655$118,574
8 years$177,031$163,434$150,818$139,126$128,302$94,152
9 years$155,768$142,299$129,899$118,504$108,048$75,794
10 years$138,767$125,430$113,249$102,152$92,063$61,656
11 years$124,866$111,663$99,703$88,903$79,177$50,564
12 years$113,290$100,222$88,484$77,980$68,613$41,735
13 years$103,503$90,572$79,054$68,844$59,832$34,625
14 years$95,121$82,327$71,031$61,112$52,448$28,846
15 years$87,863$75,207$64,131$54,501$46,180$24,113
16 years$81,519$69,001$58,144$48,800$40,814$20,213
17 years$75,927$63,548$52,909$43,846$36,188$16,982
18 years$70,962$58,721$48,299$39,514$32,177$14,296
19 years$66,524$54,422$44,216$35,705$28,680$12,053
20 years$62,536$50,571$40,579$32,337$25,617$10,176
21 years$58,932$47,105$37,325$29,348$22,925$8,601
22 years$55,660$43,971$34,400$26,684$20,549$7,276
23 years$52,677$41,125$31,763$24,302$18,446$6,160
24 years$49,946$38,532$29,375$22,165$16,580$5,219
25 years$47,438$36,160$27,207$20,242$14,919$4,424
26 years$45,127$33,985$25,233$18,508$13,439$3,752
27 years$42,990$31,984$23,431$16,941$12,116$3,183
28 years$41,010$30,138$21,783$15,522$10,932$2,702
29 years$39,169$28,432$20,270$14,234$9,872$2,294
30 years$37,454$26,851$18,881$13,063$8,920$1,948
31 years$35,854$25,383$17,602$11,997$8,064$1,654
32 years$34,356$24,017$16,423$11,026$7,295$1,405
33 years$32,952$22,745$15,335$10,139$6,602$1,194
34 years$31,633$21,557$14,328$9,329$5,977$1,015
35 years$30,392$20,446$13,395$8,588$5,414$862
36 years$29,223$19,407$12,531$7,909$4,905$733
37 years$28,120$18,432$11,729$7,287$4,446$623
38 years$27,078$17,517$10,984$6,717$4,030$529
39 years$26,091$16,657$10,290$6,193$3,655$450
40 years$25,156$15,848$9,645$5,712$3,315$383
41 years$24,269$15,085$9,044$5,270$3,008$325
42 years$23,426$14,367$8,484$4,864$2,729$277
43 years$22,625$13,689$7,961$4,490$2,477$235
44 years$21,862$13,048$7,473$4,146$2,248$200
45 years$21,135$12,443$7,017$3,829$2,041$170
46 years$20,442$11,870$6,590$3,537$1,853$145
47 years$19,780$11,327$6,191$3,267$1,683$123
48 years$19,148$10,813$5,818$3,019$1,528$104
49 years$18,543$10,326$5,469$2,790$1,388$89
50 years$17,965$9,864$5,141$2,579$1,261$76

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 $5,252 every year, while hoping to spend $56,901 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: 60/20/20 Blend
63$18,400,000$18,400,000$18,400,000$18,400,000
64$20,282,217$19,307,017$19,021,817$21,392,603
65$22,290,461$20,192,519$19,598,506$23,030,559
66$24,501,639$21,119,503$20,192,607$24,810,020
67$26,936,390$22,089,942$20,804,643$26,750,136
68$29,617,456$23,105,904$21,435,153$28,866,489
69$32,569,898$24,169,555$22,084,692$31,176,220
70$35,821,330$25,283,165$22,753,831$33,698,182
71$39,402,181$26,449,116$23,443,160$36,453,114
72$43,345,982$27,669,901$24,153,284$39,463,837
73$47,689,681$28,948,135$24,884,828$42,755,458
74$52,473,993$30,286,558$25,638,434$46,355,607
75$57,743,784$31,688,043$26,414,766$50,294,688
76$63,548,493$33,155,600$27,214,503$54,606,163
77$69,942,600$34,692,385$28,038,350$59,326,862
78$76,986,139$36,301,706$28,887,028$64,497,322
79$84,745,265$37,987,029$29,761,283$70,162,167
80$93,292,877$39,751,989$30,661,882$76,370,519
81$102,709,310$41,600,396$31,589,614$83,176,458
82$113,083,086$43,536,241$32,545,292$90,639,522
83$124,511,756$45,563,713$33,529,755$98,825,261
84$137,102,817$47,687,197$34,543,864$107,805,854
85$150,974,730$49,911,294$35,588,509$117,660,773
86$166,258,031$52,240,826$36,664,602$128,477,531
87$183,096,570$54,680,848$37,773,087$140,352,498
88$201,648,868$57,236,657$38,914,933$153,391,799
89$222,089,609$59,913,809$40,091,139$167,712,307
90$244,611,290$62,718,127$41,302,734$183,442,738
91$269,426,042$65,655,716$42,550,776$200,724,850
92$296,767,628$68,732,975$43,836,356$219,714,776
93$326,893,649$71,956,614$45,160,597$240,584,484
94$360,087,979$75,333,666$46,524,655$263,523,385
95$396,663,444$78,871,506$47,929,722$288,740,112
96$436,964,770$82,577,865$49,377,022$316,464,476
97$481,371,843$86,460,847$50,867,820$346,949,618
98$530,303,293$90,528,951$52,403,414$380,474,388
99$584,220,444$94,791,085$53,985,143$417,345,960
100$643,631,670$99,256,588$55,614,386$457,902,715