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%18.7%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,431,135
2 years$760,381$746,220$732,495$719,188$706,281$654,383
3 years$501,886$487,663$473,973$460,791$448,094$397,983
4 years$372,663$358,484$344,931$331,974$319,584$271,644
5 years$295,150$281,056$267,681$254,988$242,943$197,300
6 years$243,491$229,503$216,326$203,916$192,232$148,921
7 years$206,606$192,736$179,768$167,650$156,336$115,348
8 years$178,956$165,211$152,457$140,638$129,696$90,997
9 years$157,461$143,846$131,311$119,792$109,223$72,764
10 years$140,275$126,793$114,480$103,262$93,063$58,783
11 years$126,223$112,876$100,787$89,869$80,038$47,866
12 years$114,521$101,312$89,446$78,827$69,359$39,220
13 years$104,628$91,556$79,914$69,593$60,482$32,296
14 years$96,155$83,222$71,803$61,776$53,018$26,700
15 years$88,818$76,025$64,828$55,094$46,682$22,146
16 years$82,405$69,751$58,776$49,330$41,257$18,417
17 years$76,752$64,238$53,484$44,323$36,582$15,349
18 years$71,733$59,359$48,824$39,944$32,527$12,815
19 years$67,248$55,013$44,696$36,093$28,992$10,715
20 years$63,216$51,121$41,020$32,689$25,896$8,971
21 years$59,572$47,617$37,730$29,667$23,174$7,518
22 years$56,265$44,449$34,774$26,974$20,772$6,306
23 years$53,249$41,572$32,108$24,566$18,646$5,292
24 years$50,489$38,951$29,694$22,406$16,760$4,445
25 years$47,954$36,553$27,503$20,462$15,081$3,735
26 years$45,617$34,354$25,508$18,710$13,585$3,140
27 years$43,457$32,331$23,686$17,125$12,248$2,640
28 years$41,455$30,466$22,019$15,690$11,051$2,221
29 years$39,595$28,741$20,491$14,388$9,979$1,868
30 years$37,862$27,143$19,086$13,205$9,017$1,572
31 years$36,243$25,659$17,794$12,128$8,152$1,323
32 years$34,729$24,278$16,602$11,146$7,374$1,114
33 years$33,310$22,992$15,501$10,249$6,673$938
34 years$31,977$21,791$14,483$9,430$6,042$790
35 years$30,723$20,669$13,541$8,681$5,473$665
36 years$29,541$19,618$12,667$7,995$4,958$560
37 years$28,426$18,632$11,856$7,366$4,494$472
38 years$27,372$17,707$11,103$6,790$4,074$397
39 years$26,374$16,838$10,402$6,261$3,695$335
40 years$25,429$16,020$9,750$5,774$3,351$282
41 years$24,532$15,249$9,142$5,328$3,040$237
42 years$23,681$14,523$8,576$4,917$2,759$200
43 years$22,871$13,837$8,047$4,539$2,504$168
44 years$22,099$13,190$7,554$4,191$2,273$142
45 years$21,365$12,578$7,093$3,870$2,063$120
46 years$20,664$11,999$6,662$3,575$1,873$101
47 years$19,995$11,450$6,259$3,303$1,701$85
48 years$19,356$10,931$5,881$3,052$1,545$71
49 years$18,745$10,439$5,528$2,821$1,403$60
50 years$18,160$9,971$5,197$2,607$1,274$51

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 $6,584 every year, while hoping to spend $41,963 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: 42/45/13 Blend
63$18,600,000$18,600,000$18,600,000$18,600,000
64$20,503,991$19,518,191$19,229,891$21,286,791
65$22,550,750$20,429,934$19,829,444$22,748,616
66$24,804,872$21,384,947$20,447,676$24,325,888
67$27,287,463$22,385,303$21,085,168$26,032,899
68$30,021,783$23,433,181$21,742,519$27,881,525
69$33,033,459$24,530,862$22,420,348$29,884,786
70$36,350,735$25,680,737$23,119,292$32,056,968
71$40,004,730$26,885,313$23,840,008$34,413,749
72$44,029,738$28,147,219$24,583,175$36,972,332
73$48,463,550$29,469,211$25,349,490$39,751,604
74$53,347,808$30,854,179$26,139,674$42,772,297
75$58,728,401$32,305,150$26,954,469$46,057,183
76$64,655,897$33,825,302$27,794,643$49,631,267
77$71,186,019$35,417,962$28,660,984$53,522,018
78$78,380,174$37,086,623$29,554,308$57,759,616
79$86,306,027$38,834,942$30,475,452$62,377,218
80$95,038,146$40,666,759$31,425,284$67,411,266
81$104,658,701$42,586,095$32,404,696$72,901,810
82$115,258,243$44,597,168$33,414,608$78,892,876
83$126,936,556$46,704,401$34,455,969$85,432,863
84$139,803,599$48,912,431$35,529,758$92,574,985
85$153,980,545$51,226,119$36,636,984$100,377,755
86$169,600,924$53,650,562$37,778,686$108,905,525
87$186,811,884$56,191,106$38,955,938$118,229,065
88$205,775,579$58,853,353$40,169,846$128,426,224
89$226,670,702$61,643,181$41,421,549$139,582,631
90$249,694,166$64,566,749$42,712,223$151,792,496
91$275,062,970$67,630,519$44,043,082$165,159,464
92$303,016,242$70,841,263$45,415,374$179,797,581
93$333,817,498$74,206,085$46,830,388$195,832,337
94$367,757,130$77,732,431$48,289,454$213,401,834
95$405,155,148$81,428,110$49,793,942$232,658,053
96$446,364,198$85,301,312$51,345,263$253,768,269
97$491,772,893$89,360,623$52,944,876$276,916,597
98$541,809,480$93,615,045$54,594,281$302,305,700
99$596,945,885$98,074,021$56,295,028$330,158,668
100$657,702,166$102,747,449$58,048,712$360,721,093