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%12%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,478,670
2 years$764,470$750,232$736,434$723,055$710,078$697,486
3 years$504,584$490,285$476,521$463,268$450,503$438,202
4 years$374,667$360,411$346,785$333,759$321,302$309,389
5 years$296,736$282,567$269,120$256,359$244,249$232,757
6 years$244,800$230,737$217,489$205,012$193,266$182,210
7 years$207,717$193,773$180,734$168,552$157,177$146,562
8 years$179,918$166,099$153,277$141,394$130,393$120,220
9 years$158,307$144,619$132,017$120,436$109,810$100,075
10 years$141,029$127,475$115,096$103,817$93,564$84,261
11 years$126,902$113,483$101,328$90,352$80,468$71,590
12 years$115,137$101,856$89,926$79,251$69,732$61,271
13 years$105,190$92,048$80,343$69,967$60,807$52,755
14 years$96,672$83,669$72,189$62,109$53,303$45,648
15 years$89,296$76,434$65,177$55,390$46,933$39,664
16 years$82,848$70,126$59,092$49,596$41,479$34,586
17 years$77,165$64,584$53,772$44,561$36,778$30,249
18 years$72,119$59,678$49,087$40,159$32,702$26,523
19 years$67,609$55,309$44,936$36,287$29,148$23,308
20 years$63,555$51,396$41,240$32,865$26,035$20,522
21 years$59,893$47,873$37,933$29,827$23,299$18,099
22 years$56,567$44,688$34,961$27,119$20,884$15,985
23 years$53,535$41,796$32,281$24,698$18,747$14,136
24 years$50,760$39,160$29,854$22,526$16,850$12,515
25 years$48,211$36,750$27,651$20,572$15,162$11,090
26 years$45,862$34,539$25,645$18,810$13,658$9,836
27 years$43,691$32,505$23,813$17,217$12,314$8,730
28 years$41,678$30,629$22,138$15,775$11,111$7,754
29 years$39,808$28,895$20,601$14,466$10,033$6,891
30 years$38,065$27,288$19,189$13,276$9,065$6,127
31 years$36,438$25,797$17,889$12,193$8,196$5,450
32 years$34,916$24,409$16,691$11,206$7,414$4,851
33 years$33,489$23,116$15,585$10,305$6,709$4,318
34 years$32,149$21,908$14,561$9,481$6,075$3,845
35 years$30,888$20,780$13,614$8,728$5,502$3,426
36 years$29,700$19,723$12,735$8,038$4,985$3,052
37 years$28,579$18,732$11,920$7,406$4,518$2,720
38 years$27,519$17,802$11,163$6,826$4,096$2,425
39 years$26,516$16,928$10,458$6,294$3,714$2,162
40 years$25,566$16,106$9,802$5,806$3,369$1,928
41 years$24,664$15,331$9,192$5,356$3,057$1,719
42 years$23,808$14,601$8,622$4,943$2,774$1,533
43 years$22,993$13,912$8,091$4,563$2,517$1,368
44 years$22,218$13,261$7,594$4,213$2,285$1,220
45 years$21,480$12,645$7,131$3,891$2,074$1,089
46 years$20,775$12,063$6,698$3,594$1,883$971
47 years$20,103$11,512$6,292$3,321$1,710$867
48 years$19,460$10,990$5,913$3,068$1,553$774
49 years$18,846$10,495$5,558$2,836$1,410$690
50 years$18,258$10,025$5,225$2,621$1,281$616

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 $5,829 every year, while hoping to spend $27,288 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: 72/16/12 Blend
63$18,700,000$18,700,000$18,700,000$18,700,000
64$20,613,413$19,622,313$19,332,463$22,046,014
65$22,686,946$20,554,772$19,951,066$23,927,452
66$24,971,066$21,532,007$20,589,478$25,983,036
67$27,487,223$22,556,183$21,248,333$28,233,145
68$30,259,054$23,629,571$21,928,287$30,696,995
69$33,312,609$24,754,550$22,630,016$33,395,738
70$36,676,590$25,933,619$23,354,217$36,352,654
71$40,382,630$27,169,394$24,101,611$39,593,370
72$44,465,584$28,464,620$24,872,940$43,146,094
73$48,963,864$29,822,176$25,668,974$47,041,882
74$53,919,795$31,245,080$26,490,502$51,314,923
75$59,380,023$32,736,498$27,338,342$56,002,857
76$65,395,946$34,299,747$28,213,338$61,147,131
77$72,024,208$35,938,310$29,116,359$66,793,378
78$79,327,225$37,655,835$30,048,305$72,991,846
79$87,373,781$39,456,150$31,010,103$79,797,869
80$96,239,674$41,343,269$32,002,709$87,272,381
81$106,008,432$43,321,400$33,027,110$95,482,484
82$116,772,101$45,394,958$34,084,327$104,502,080
83$128,632,115$47,568,570$35,175,412$114,412,557
84$141,700,251$49,847,091$36,301,449$125,303,553
85$156,099,689$52,235,611$37,463,560$137,273,798
86$171,966,169$54,739,467$38,662,901$150,432,033
87$189,449,276$57,364,259$39,900,665$164,898,031
88$208,713,850$60,115,855$41,178,086$180,803,723
89$229,941,545$63,000,414$42,496,433$198,294,430
90$253,332,539$66,024,390$43,857,020$217,530,228
91$279,107,428$69,194,556$45,261,201$238,687,453
92$307,509,308$72,518,011$46,710,373$261,960,350
93$338,806,066$76,002,203$48,205,980$287,562,903
94$373,292,915$79,654,941$49,749,510$315,730,838
95$411,295,173$83,484,414$51,342,500$346,723,843
96$453,171,344$87,499,213$52,986,536$380,828,007
97$499,316,491$91,708,345$54,683,256$418,358,504
98$550,165,976$96,121,257$56,434,348$459,662,564
99$606,199,564$100,747,857$58,241,556$505,122,729
100$667,945,952$105,598,534$60,106,681$555,160,458