Can I retire at age 64 with 18,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,452,571
2 years$756,293$742,208$728,557$715,322$702,484$679,724
3 years$499,187$485,041$471,425$458,314$445,685$423,519
4 years$370,659$356,557$343,077$330,189$317,866$296,464
5 years$293,563$279,545$266,242$253,617$241,637$221,061
6 years$242,182$228,269$215,163$202,820$191,199$171,473
7 years$205,496$191,700$178,801$166,749$155,496$136,627
8 years$177,994$164,322$151,638$139,882$128,999$110,983
9 years$156,614$143,072$130,605$119,148$108,636$91,464
10 years$139,521$126,111$113,865$102,707$92,563$76,222
11 years$125,544$112,269$100,245$89,386$79,607$64,081
12 years$113,906$100,767$88,965$78,403$68,986$54,254
13 years$104,065$91,064$79,484$69,218$60,157$46,200
14 years$95,638$82,775$71,417$61,444$52,733$39,527
15 years$88,341$75,616$64,480$54,798$46,431$33,952
16 years$81,962$69,376$58,460$49,065$41,036$29,259
17 years$76,340$63,893$53,197$44,085$36,385$25,286
18 years$71,347$59,040$48,562$39,729$32,352$21,904
19 years$66,886$54,718$44,456$35,899$28,836$19,012
20 years$62,876$50,846$40,799$32,513$25,757$16,531
21 years$59,252$47,361$37,528$29,508$23,049$14,395
22 years$55,962$44,210$34,587$26,829$20,660$12,551
23 years$52,963$41,349$31,935$24,434$18,546$10,956
24 years$50,218$38,741$29,535$22,285$16,670$9,572
25 years$47,696$36,357$27,355$20,352$15,000$8,370
26 years$45,372$34,169$25,371$18,609$13,512$7,325
27 years$43,224$32,157$23,559$17,033$12,182$6,414
28 years$41,232$30,302$21,901$15,606$10,992$5,619
29 years$39,382$28,586$20,381$14,311$9,925$4,925
30 years$37,658$26,997$18,984$13,134$8,968$4,319
31 years$36,048$25,521$17,698$12,063$8,108$3,789
32 years$34,543$24,148$16,513$11,086$7,334$3,324
33 years$33,131$22,868$15,418$10,194$6,638$2,918
34 years$31,805$21,674$14,406$9,380$6,010$2,562
35 years$30,558$20,557$13,468$8,635$5,443$2,250
36 years$29,382$19,512$12,599$7,952$4,932$1,976
37 years$28,273$18,532$11,793$7,327$4,470$1,736
38 years$27,225$17,612$11,043$6,753$4,052$1,525
39 years$26,233$16,747$10,346$6,227$3,675$1,340
40 years$25,292$15,934$9,698$5,743$3,333$1,178
41 years$24,400$15,167$9,093$5,299$3,024$1,035
42 years$23,553$14,445$8,530$4,890$2,744$910
43 years$22,748$13,763$8,004$4,514$2,490$800
44 years$21,981$13,119$7,513$4,168$2,260$703
45 years$21,250$12,510$7,055$3,850$2,052$618
46 years$20,553$11,934$6,626$3,556$1,863$543
47 years$19,888$11,389$6,225$3,285$1,692$478
48 years$19,252$10,872$5,850$3,036$1,536$420
49 years$18,644$10,382$5,498$2,805$1,395$369
50 years$18,062$9,918$5,169$2,593$1,267$325

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $18,500,000, adding $4,466 every year, while hoping to spend $43,150 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: 37/35/28 Blend
63$18,500,000$18,500,000$18,500,000$18,500,000
64$20,391,607$19,411,107$19,124,357$20,975,172
65$22,425,639$20,316,340$19,719,111$22,312,241
66$24,665,697$21,264,483$20,332,344$23,751,264
67$27,132,749$22,257,593$20,964,628$25,304,866
68$29,849,901$23,297,827$21,616,555$26,983,433
69$32,842,616$24,387,446$22,288,735$28,798,353
70$36,138,950$25,528,818$22,981,795$30,762,119
71$39,769,822$26,724,429$23,696,384$32,888,435
72$43,769,301$27,976,883$24,433,170$35,192,344
73$48,174,929$29,288,910$25,192,841$37,690,355
74$53,028,079$30,663,373$25,976,107$40,400,593
75$58,374,337$32,103,273$26,783,702$43,342,960
76$64,263,942$33,611,756$27,616,378$46,539,314
77$70,752,253$35,192,120$28,474,915$50,013,663
78$77,900,273$36,847,824$29,360,115$53,792,382
79$85,775,226$38,582,493$30,272,805$57,904,453
80$94,451,193$40,399,929$31,213,837$62,381,722
81$104,009,805$42,304,116$32,184,091$67,259,193
82$114,541,020$44,299,232$33,184,473$72,575,340
83$126,143,968$46,389,659$34,215,917$78,372,464
84$138,927,890$48,579,990$35,279,388$84,697,070
85$153,013,166$50,875,040$36,375,877$91,600,297
86$168,532,450$53,279,858$37,506,410$99,138,385
87$185,631,927$55,799,738$38,672,043$107,373,189
88$204,472,689$58,440,231$39,873,862$116,372,745
89$225,232,258$61,207,157$41,112,991$126,211,897
90$248,106,259$64,106,618$42,390,587$136,972,986
91$273,310,267$67,145,013$43,707,841$148,746,604
92$301,081,846$70,329,049$45,065,985$161,632,434
93$331,682,784$73,665,763$46,466,285$175,740,168
94$365,401,571$77,162,528$47,910,049$191,190,522
95$402,556,120$80,827,081$49,398,624$208,116,351
96$443,496,765$84,667,529$50,933,400$226,663,879
97$488,609,574$88,692,377$52,515,808$246,994,059
98$538,319,988$92,910,541$54,147,324$269,284,061
99$593,096,840$97,331,370$55,829,473$293,728,921
100$653,456,779$101,964,669$57,563,821$320,543,351