Can I retire at age 64 with 18,600,000?

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,461,629
2 years$760,381$746,220$732,495$719,188$706,281$684,604
3 years$501,886$487,663$473,973$460,791$448,094$426,974
4 years$372,663$358,484$344,931$331,974$319,584$299,185
5 years$295,150$281,056$267,681$254,988$242,943$223,324
6 years$243,491$229,503$216,326$203,916$192,232$173,416
7 years$206,606$192,736$179,768$167,650$156,336$138,330
8 years$178,956$165,211$152,457$140,638$129,696$112,496
9 years$157,461$143,846$131,311$119,792$109,223$92,821
10 years$140,275$126,793$114,480$103,262$93,063$77,447
11 years$126,223$112,876$100,787$89,869$80,038$65,192
12 years$114,521$101,312$89,446$78,827$69,359$55,266
13 years$104,628$91,556$79,914$69,593$60,482$47,123
14 years$96,155$83,222$71,803$61,776$53,018$40,371
15 years$88,818$76,025$64,828$55,094$46,682$34,724
16 years$82,405$69,751$58,776$49,330$41,257$29,967
17 years$76,752$64,238$53,484$44,323$36,582$25,934
18 years$71,733$59,359$48,824$39,944$32,527$22,498
19 years$67,248$55,013$44,696$36,093$28,992$19,556
20 years$63,216$51,121$41,020$32,689$25,896$17,030
21 years$59,572$47,617$37,730$29,667$23,174$14,852
22 years$56,265$44,449$34,774$26,974$20,772$12,969
23 years$53,249$41,572$32,108$24,566$18,646$11,338
24 years$50,489$38,951$29,694$22,406$16,760$9,921
25 years$47,954$36,553$27,503$20,462$15,081$8,689
26 years$45,617$34,354$25,508$18,710$13,585$7,616
27 years$43,457$32,331$23,686$17,125$12,248$6,679
28 years$41,455$30,466$22,019$15,690$11,051$5,861
29 years$39,595$28,741$20,491$14,388$9,979$5,146
30 years$37,862$27,143$19,086$13,205$9,017$4,520
31 years$36,243$25,659$17,794$12,128$8,152$3,971
32 years$34,729$24,278$16,602$11,146$7,374$3,491
33 years$33,310$22,992$15,501$10,249$6,673$3,069
34 years$31,977$21,791$14,483$9,430$6,042$2,699
35 years$30,723$20,669$13,541$8,681$5,473$2,374
36 years$29,541$19,618$12,667$7,995$4,958$2,089
37 years$28,426$18,632$11,856$7,366$4,494$1,838
38 years$27,372$17,707$11,103$6,790$4,074$1,618
39 years$26,374$16,838$10,402$6,261$3,695$1,424
40 years$25,429$16,020$9,750$5,774$3,351$1,253
41 years$24,532$15,249$9,142$5,328$3,040$1,103
42 years$23,681$14,523$8,576$4,917$2,759$972
43 years$22,871$13,837$8,047$4,539$2,504$856
44 years$22,099$13,190$7,554$4,191$2,273$753
45 years$21,365$12,578$7,093$3,870$2,063$663
46 years$20,664$11,999$6,662$3,575$1,873$584
47 years$19,995$11,450$6,259$3,303$1,701$515
48 years$19,356$10,931$5,881$3,052$1,545$453
49 years$18,745$10,439$5,528$2,821$1,403$399
50 years$18,160$9,971$5,197$2,607$1,274$352

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $18,600,000, adding $3,120 every year, while hoping to spend $47,749 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: 57/28/15 Blend
63$18,600,000$18,600,000$18,600,000$18,600,000
64$20,500,418$19,514,618$19,226,318$21,589,279
65$22,540,656$20,420,030$19,819,595$23,232,898
66$24,787,398$21,368,207$20,431,147$25,017,594
67$27,261,657$22,361,193$21,061,535$26,961,288
68$29,986,588$23,401,133$21,711,338$29,079,243
69$32,987,705$24,490,274$22,381,153$31,388,241
70$36,293,125$25,630,971$23,071,595$33,906,727
71$39,933,828$26,825,693$23,783,298$36,654,988
72$43,943,956$28,077,029$24,516,915$39,655,329
73$48,361,128$29,387,692$25,273,121$42,932,283
74$53,226,800$30,760,527$26,052,608$46,512,834
75$58,586,656$32,198,514$26,856,092$50,426,662
76$64,491,035$33,704,781$27,684,311$54,706,421
77$70,995,409$35,282,604$28,538,024$59,388,037
78$78,160,908$36,935,419$29,418,015$64,511,037
79$86,054,892$38,666,826$30,325,090$70,118,917
80$94,751,592$40,480,602$31,260,082$76,259,542
81$104,332,808$42,380,705$32,223,848$82,985,588
82$114,888,679$44,371,284$33,217,272$90,355,034
83$126,518,537$46,456,690$34,241,263$98,431,691
84$139,331,844$48,641,484$35,296,762$107,285,803
85$153,449,224$50,930,448$36,384,735$116,994,693
86$169,003,600$53,328,596$37,506,179$127,643,484
87$186,141,453$55,841,183$38,662,122$139,325,888
88$205,024,202$58,473,721$39,853,623$152,145,083
89$225,829,724$61,231,987$41,081,774$166,214,667
90$248,754,042$64,122,040$42,347,698$181,659,723
91$274,013,164$67,150,230$43,652,557$198,617,981
92$301,845,133$70,323,217$44,997,543$217,241,106
93$332,512,265$73,647,984$46,383,890$237,696,111
94$366,303,631$77,131,850$47,812,865$260,166,921
95$403,537,782$80,782,492$49,285,777$284,856,088
96$444,565,759$84,607,957$50,803,974$311,986,688
97$489,774,405$88,616,685$52,368,845$341,804,405
98$539,590,014$92,817,522$53,981,821$374,579,836
99$594,482,362$97,219,748$55,644,379$410,611,017
100$654,969,136$101,833,088$57,358,038$450,226,223