Can I retire at age 64 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,485,337
2 years$768,558$754,244$740,372$726,922$713,875$699,971
3 years$507,282$492,907$479,070$465,746$452,912$439,334
4 years$376,670$362,339$348,640$335,544$323,021$309,874
5 years$298,323$284,078$270,559$257,730$245,555$232,879
6 years$246,109$231,971$218,652$206,108$194,299$182,110
7 years$208,828$194,809$181,701$169,453$158,017$146,319
8 years$180,880$166,987$154,097$142,150$131,091$119,884
9 years$159,154$145,392$132,723$121,080$110,397$99,678
10 years$141,783$128,156$115,711$104,372$94,064$83,826
11 years$127,580$114,090$101,870$90,835$80,898$71,133
12 years$115,753$102,401$90,407$79,675$70,105$60,803
13 years$105,753$92,541$80,773$70,341$61,133$52,284
14 years$97,189$84,117$72,575$62,441$53,589$45,182
15 years$89,773$76,842$65,525$55,686$47,184$39,206
16 years$83,291$70,501$59,408$49,861$41,701$34,140
17 years$77,577$64,929$54,059$44,800$36,975$29,817
18 years$72,504$59,997$49,349$40,373$32,876$26,108
19 years$67,971$55,605$45,177$36,481$29,303$22,910
20 years$63,895$51,671$41,461$33,040$26,174$20,142
21 years$60,213$48,129$38,136$29,986$23,423$17,737
22 years$56,870$44,927$35,148$27,264$20,996$15,642
23 years$53,822$42,019$32,453$24,830$18,847$13,812
24 years$51,032$39,369$30,014$22,647$16,940$12,209
25 years$48,469$36,946$27,799$20,682$15,243$10,802
26 years$46,108$34,723$25,782$18,911$13,731$9,566
27 years$43,925$32,679$23,941$17,309$12,379$8,477
28 years$41,901$30,793$22,256$15,859$11,170$7,517
29 years$40,021$29,050$20,711$14,543$10,086$6,669
30 years$38,269$27,434$19,292$13,347$9,114$5,921
31 years$36,633$25,935$17,985$12,258$8,240$5,258
32 years$35,103$24,539$16,780$11,266$7,453$4,672
33 years$33,668$23,239$15,668$10,360$6,745$4,152
34 years$32,321$22,026$14,639$9,532$6,107$3,691
35 years$31,053$20,891$13,687$8,775$5,531$3,283
36 years$29,859$19,828$12,804$8,081$5,012$2,920
37 years$28,732$18,833$11,984$7,446$4,542$2,598
38 years$27,666$17,898$11,222$6,863$4,118$2,312
39 years$26,658$17,019$10,514$6,328$3,734$2,058
40 years$25,703$16,192$9,855$5,837$3,387$1,832
41 years$24,796$15,413$9,241$5,385$3,073$1,631
42 years$23,935$14,679$8,668$4,970$2,788$1,452
43 years$23,116$13,986$8,134$4,588$2,531$1,293
44 years$22,337$13,332$7,635$4,236$2,297$1,151
45 years$21,594$12,713$7,169$3,912$2,085$1,026
46 years$20,886$12,128$6,733$3,614$1,893$913
47 years$20,210$11,574$6,326$3,338$1,719$814
48 years$19,564$11,049$5,945$3,085$1,561$725
49 years$18,946$10,551$5,588$2,851$1,418$646
50 years$18,355$10,079$5,253$2,635$1,288$575

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $18,800,000, adding $4,193 every year, while hoping to spend $33,131 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: 62/27/11 Blend
63$18,800,000$18,800,000$18,800,000$18,800,000
64$20,721,925$19,725,525$19,434,125$21,953,930
65$22,800,310$20,656,825$20,049,917$23,710,917
66$25,089,580$21,632,648$20,685,228$25,623,734
67$27,611,211$22,655,140$21,340,676$27,710,820
68$30,388,866$23,726,554$22,016,900$29,989,053
69$33,448,623$24,849,248$22,714,559$32,476,993
70$36,819,218$26,025,697$23,434,333$35,195,053
71$40,532,318$27,258,495$24,176,922$38,165,681
72$44,622,816$28,550,363$24,943,051$41,413,574
73$49,129,165$29,904,153$25,733,465$44,965,894
74$54,093,739$31,322,855$26,548,935$48,852,530
75$59,563,231$32,809,606$27,390,255$53,106,361
76$65,589,098$34,367,694$28,258,246$57,763,570
77$72,228,041$36,000,566$29,153,752$62,863,970
78$79,542,545$37,711,837$30,077,646$68,451,378
79$87,601,466$39,505,299$31,030,830$74,574,013
80$96,480,684$41,384,927$32,014,230$81,284,952
81$106,263,813$43,354,888$33,028,807$88,642,613
82$117,042,998$45,419,553$34,075,548$96,711,304
83$128,919,778$47,583,506$35,155,473$105,561,814
84$142,006,050$49,851,552$36,269,635$115,272,075
85$156,425,119$52,228,730$37,419,120$125,927,888
86$172,312,868$54,720,325$38,605,048$137,623,716
87$189,819,039$57,331,879$39,828,575$150,463,570
88$209,108,642$60,069,202$41,090,893$164,561,973
89$230,363,518$62,938,388$42,393,233$180,045,032
90$253,784,054$65,945,826$43,736,864$197,051,614
91$279,591,074$69,098,218$45,123,095$215,734,641
92$308,027,922$72,402,589$46,553,278$236,262,520
93$339,362,764$75,866,310$48,028,806$258,820,718
94$373,891,114$79,497,107$49,551,119$283,613,495
95$411,938,625$83,303,083$51,121,699$310,865,813
96$453,864,167$87,292,737$52,742,079$340,825,449
97$500,063,211$91,474,979$54,413,836$373,765,306
98$550,971,561$95,859,155$56,138,603$409,985,978
99$607,069,473$100,455,067$57,918,058$449,818,560
100$668,886,184$105,272,990$59,753,938$493,627,758