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%19.2%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,435,973
2 years$764,470$750,232$736,434$723,055$710,078$655,097
3 years$504,584$490,285$476,521$463,268$450,503$397,461
4 years$374,667$360,411$346,785$333,759$321,302$270,605
5 years$296,736$282,567$269,120$256,359$244,249$196,027
6 years$244,800$230,737$217,489$205,012$193,266$147,554
7 years$207,717$193,773$180,734$168,552$157,177$113,963
8 years$179,918$166,099$153,277$141,394$130,393$89,638
9 years$158,307$144,619$132,017$120,436$109,810$71,458
10 years$141,029$127,475$115,096$103,817$93,564$57,545
11 years$126,902$113,483$101,328$90,352$80,468$46,706
12 years$115,137$101,856$89,926$79,251$69,732$38,142
13 years$105,190$92,048$80,343$69,967$60,807$31,301
14 years$96,672$83,669$72,189$62,109$53,303$25,788
15 years$89,296$76,434$65,177$55,390$46,933$21,313
16 years$82,848$70,126$59,092$49,596$41,479$17,660
17 years$77,165$64,584$53,772$44,561$36,778$14,664
18 years$72,119$59,678$49,087$40,159$32,702$12,198
19 years$67,609$55,309$44,936$36,287$29,148$10,161
20 years$63,555$51,396$41,240$32,865$26,035$8,474
21 years$59,893$47,873$37,933$29,827$23,299$7,074
22 years$56,567$44,688$34,961$27,119$20,884$5,910
23 years$53,535$41,796$32,281$24,698$18,747$4,941
24 years$50,760$39,160$29,854$22,526$16,850$4,133
25 years$48,211$36,750$27,651$20,572$15,162$3,459
26 years$45,862$34,539$25,645$18,810$13,658$2,896
27 years$43,691$32,505$23,813$17,217$12,314$2,425
28 years$41,678$30,629$22,138$15,775$11,111$2,032
29 years$39,808$28,895$20,601$14,466$10,033$1,703
30 years$38,065$27,288$19,189$13,276$9,065$1,427
31 years$36,438$25,797$17,889$12,193$8,196$1,196
32 years$34,916$24,409$16,691$11,206$7,414$1,003
33 years$33,489$23,116$15,585$10,305$6,709$841
34 years$32,149$21,908$14,561$9,481$6,075$705
35 years$30,888$20,780$13,614$8,728$5,502$591
36 years$29,700$19,723$12,735$8,038$4,985$496
37 years$28,579$18,732$11,920$7,406$4,518$416
38 years$27,519$17,802$11,163$6,826$4,096$349
39 years$26,516$16,928$10,458$6,294$3,714$293
40 years$25,566$16,106$9,802$5,806$3,369$245
41 years$24,664$15,331$9,192$5,356$3,057$206
42 years$23,808$14,601$8,622$4,943$2,774$173
43 years$22,993$13,912$8,091$4,563$2,517$145
44 years$22,218$13,261$7,594$4,213$2,285$121
45 years$21,480$12,645$7,131$3,891$2,074$102
46 years$20,775$12,063$6,698$3,594$1,883$85
47 years$20,103$11,512$6,292$3,321$1,710$72
48 years$19,460$10,990$5,913$3,068$1,553$60
49 years$18,846$10,495$5,558$2,836$1,410$50
50 years$18,258$10,025$5,225$2,621$1,281$42

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 $4,599 every year, while hoping to spend $53,062 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: 48/31/21 Blend
63$18,700,000$18,700,000$18,700,000$18,700,000
64$20,612,144$19,621,044$19,331,194$21,478,775
65$22,658,125$20,526,017$19,922,331$22,987,960
66$24,911,018$21,473,556$20,531,493$24,620,116
67$27,391,871$22,465,690$21,159,228$26,391,391
68$30,123,879$23,504,546$21,806,100$28,314,868
69$33,132,601$24,592,355$22,472,689$30,404,918
70$36,446,198$25,731,452$23,159,597$32,677,328
71$40,095,706$26,924,289$23,867,439$35,149,445
72$44,115,321$28,173,433$24,596,851$37,840,330
73$48,542,728$29,481,575$25,348,490$40,770,935
74$53,419,451$30,851,536$26,123,029$43,964,288
75$58,791,248$32,286,275$26,921,164$47,445,707
76$64,708,544$33,788,891$27,743,611$51,243,028
77$71,226,902$35,362,634$28,591,109$55,386,859
78$78,407,553$37,010,909$29,464,418$59,910,862
79$86,317,969$38,737,289$30,364,321$64,852,056
80$95,032,501$40,545,516$31,291,626$70,251,166
81$104,633,085$42,439,514$32,247,163$76,152,986
82$115,210,006$44,423,398$33,231,790$82,606,800
83$126,862,761$46,501,478$34,246,389$89,666,830
84$139,700,988$48,678,276$35,291,869$97,392,739
85$153,845,509$50,958,532$36,369,166$105,850,180
86$169,429,464$53,347,213$37,479,246$115,111,406
87$186,599,571$55,849,528$38,623,103$125,255,934
88$205,517,511$58,470,939$39,801,761$136,371,284
89$226,361,451$61,217,169$41,016,274$148,553,791
90$249,327,730$64,094,221$42,267,730$161,909,499
91$274,632,707$67,108,387$43,557,248$176,555,142
92$302,514,809$70,266,264$44,885,981$192,619,234
93$333,236,777$73,574,768$46,255,119$210,243,261
94$367,088,147$77,041,150$47,665,885$229,583,002
95$404,387,986$80,673,014$49,119,539$250,809,976
96$445,487,898$84,478,330$50,617,382$274,113,042
97$490,775,351$88,465,455$52,160,751$299,700,162
98$540,677,326$92,643,151$53,751,025$327,800,342
99$595,664,353$97,020,606$55,389,624$358,665,770
100$656,254,952$101,607,450$57,078,012$392,574,172