Can I retire at age 64 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,432,566
2 years$764,470$750,232$736,434$723,055$710,078$651,759
3 years$504,584$490,285$476,521$463,268$450,503$394,298
4 years$374,667$360,411$346,785$333,759$321,302$267,640
5 years$296,736$282,567$269,120$256,359$244,249$193,266
6 years$244,800$230,737$217,489$205,012$193,266$144,996
7 years$207,717$193,773$180,734$168,552$157,177$111,603
8 years$179,918$166,099$153,277$141,394$130,393$87,470
9 years$158,307$144,619$132,017$120,436$109,810$69,472
10 years$141,029$127,475$115,096$103,817$93,564$55,734
11 years$126,902$113,483$101,328$90,352$80,468$45,059
12 years$115,137$101,856$89,926$79,251$69,732$36,650
13 years$105,190$92,048$80,343$69,967$60,807$29,953
14 years$96,672$83,669$72,189$62,109$53,303$24,574
15 years$89,296$76,434$65,177$55,390$46,933$20,223
16 years$82,848$70,126$59,092$49,596$41,479$16,684
17 years$77,165$64,584$53,772$44,561$36,778$13,792
18 years$72,119$59,678$49,087$40,159$32,702$11,421
19 years$67,609$55,309$44,936$36,287$29,148$9,470
20 years$63,555$51,396$41,240$32,865$26,035$7,862
21 years$59,893$47,873$37,933$29,827$23,299$6,532
22 years$56,567$44,688$34,961$27,119$20,884$5,432
23 years$53,535$41,796$32,281$24,698$18,747$4,520
24 years$50,760$39,160$29,854$22,526$16,850$3,763
25 years$48,211$36,750$27,651$20,572$15,162$3,134
26 years$45,862$34,539$25,645$18,810$13,658$2,611
27 years$43,691$32,505$23,813$17,217$12,314$2,177
28 years$41,678$30,629$22,138$15,775$11,111$1,815
29 years$39,808$28,895$20,601$14,466$10,033$1,513
30 years$38,065$27,288$19,189$13,276$9,065$1,262
31 years$36,438$25,797$17,889$12,193$8,196$1,053
32 years$34,916$24,409$16,691$11,206$7,414$878
33 years$33,489$23,116$15,585$10,305$6,709$733
34 years$32,149$21,908$14,561$9,481$6,075$611
35 years$30,888$20,780$13,614$8,728$5,502$510
36 years$29,700$19,723$12,735$8,038$4,985$426
37 years$28,579$18,732$11,920$7,406$4,518$355
38 years$27,519$17,802$11,163$6,826$4,096$296
39 years$26,516$16,928$10,458$6,294$3,714$247
40 years$25,566$16,106$9,802$5,806$3,369$206
41 years$24,664$15,331$9,192$5,356$3,057$172
42 years$23,808$14,601$8,622$4,943$2,774$144
43 years$22,993$13,912$8,091$4,563$2,517$120
44 years$22,218$13,261$7,594$4,213$2,285$100
45 years$21,480$12,645$7,131$3,891$2,074$84
46 years$20,775$12,063$6,698$3,594$1,883$70
47 years$20,103$11,512$6,292$3,321$1,710$58
48 years$19,460$10,990$5,913$3,068$1,553$49
49 years$18,846$10,495$5,558$2,836$1,410$41
50 years$18,258$10,025$5,225$2,621$1,281$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $18,700,000, adding $3,919 every year, while hoping to spend $32,935 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: 46/25/29 Blend
63$18,700,000$18,700,000$18,700,000$18,700,000
64$20,611,442$19,620,342$19,330,492$21,387,147
65$22,678,767$20,546,697$19,943,021$22,864,328
66$24,955,855$21,517,338$20,574,966$24,462,660
67$27,464,067$22,534,403$21,226,942$26,196,333
68$30,226,942$23,600,129$21,899,586$28,078,059
69$33,270,419$24,716,864$22,593,551$30,121,797
70$36,623,082$25,887,070$23,309,514$32,342,886
71$40,316,426$27,113,327$24,048,173$34,758,179
72$44,385,162$28,398,341$24,810,248$37,386,194
73$48,867,538$29,744,949$25,596,480$40,247,288
74$53,805,702$31,156,126$26,407,637$43,363,836
75$59,246,099$32,634,991$27,244,508$46,760,438
76$65,239,911$34,184,816$28,107,909$50,464,141
77$71,843,539$35,809,030$28,998,682$54,504,687
78$79,119,136$37,511,228$29,917,693$58,914,786
79$87,135,192$39,295,182$30,865,840$63,730,415
80$95,967,182$41,164,846$31,844,046$68,991,147
81$105,698,277$43,124,366$32,853,264$74,740,516
82$116,420,130$45,178,089$33,894,477$81,026,419
83$128,233,742$47,330,574$34,968,701$87,901,554
84$141,250,414$49,586,602$36,076,982$95,423,910
85$155,592,796$51,951,186$37,220,401$103,657,300
86$171,396,049$54,429,581$38,400,072$112,671,950
87$188,809,116$57,027,301$39,617,145$122,545,155
88$207,996,132$59,750,125$40,872,806$133,361,989
89$229,137,972$62,604,115$42,168,279$145,216,097
90$252,433,955$65,595,627$43,504,826$158,210,564
91$278,103,731$68,731,326$44,883,751$172,458,874
92$306,389,353$72,018,202$46,306,398$188,085,963
93$337,557,558$75,463,584$47,774,153$205,229,385
94$371,902,289$79,075,160$49,288,447$224,040,590
95$409,747,469$82,860,990$50,850,757$244,686,337
96$451,450,059$86,829,526$52,462,605$267,350,250
97$497,403,426$90,989,634$54,125,563$292,234,532
98$548,041,058$95,350,609$55,841,252$319,561,849
99$603,840,657$99,922,200$57,611,345$349,577,416
100$665,328,647$104,714,630$59,437,568$382,551,287