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%14.8%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,469,471
2 years$768,558$754,244$740,372$726,922$713,875$684,111
3 years$507,282$492,907$479,070$465,746$452,912$423,979
4 years$376,670$362,339$348,640$335,544$323,021$295,142
5 years$298,323$284,078$270,559$257,730$245,555$218,810
6 years$246,109$231,971$218,652$206,108$194,299$168,717
7 years$208,828$194,809$181,701$169,453$158,017$133,604
8 years$180,880$166,987$154,097$142,150$131,091$107,839
9 years$159,154$145,392$132,723$121,080$110,397$88,293
10 years$141,783$128,156$115,711$104,372$94,064$73,085
11 years$127,580$114,090$101,870$90,835$80,898$61,019
12 years$115,753$102,401$90,407$79,675$70,105$51,297
13 years$105,753$92,541$80,773$70,341$61,133$43,365
14 years$97,189$84,117$72,575$62,441$53,589$36,828
15 years$89,773$76,842$65,525$55,686$47,184$31,395
16 years$83,291$70,501$59,408$49,861$41,701$26,848
17 years$77,577$64,929$54,059$44,800$36,975$23,020
18 years$72,504$59,997$49,349$40,373$32,876$19,782
19 years$67,971$55,605$45,177$36,481$29,303$17,032
20 years$63,895$51,671$41,461$33,040$26,174$14,688
21 years$60,213$48,129$38,136$29,986$23,423$12,684
22 years$56,870$44,927$35,148$27,264$20,996$10,966
23 years$53,822$42,019$32,453$24,830$18,847$9,491
24 years$51,032$39,369$30,014$22,647$16,940$8,221
25 years$48,469$36,946$27,799$20,682$15,243$7,127
26 years$46,108$34,723$25,782$18,911$13,731$6,182
27 years$43,925$32,679$23,941$17,309$12,379$5,365
28 years$41,901$30,793$22,256$15,859$11,170$4,659
29 years$40,021$29,050$20,711$14,543$10,086$4,047
30 years$38,269$27,434$19,292$13,347$9,114$3,517
31 years$36,633$25,935$17,985$12,258$8,240$3,057
32 years$35,103$24,539$16,780$11,266$7,453$2,658
33 years$33,668$23,239$15,668$10,360$6,745$2,312
34 years$32,321$22,026$14,639$9,532$6,107$2,011
35 years$31,053$20,891$13,687$8,775$5,531$1,750
36 years$29,859$19,828$12,804$8,081$5,012$1,522
37 years$28,732$18,833$11,984$7,446$4,542$1,325
38 years$27,666$17,898$11,222$6,863$4,118$1,153
39 years$26,658$17,019$10,514$6,328$3,734$1,004
40 years$25,703$16,192$9,855$5,837$3,387$874
41 years$24,796$15,413$9,241$5,385$3,073$761
42 years$23,935$14,679$8,668$4,970$2,788$662
43 years$23,116$13,986$8,134$4,588$2,531$577
44 years$22,337$13,332$7,635$4,236$2,297$502
45 years$21,594$12,713$7,169$3,912$2,085$437
46 years$20,886$12,128$6,733$3,614$1,893$381
47 years$20,210$11,574$6,326$3,338$1,719$332
48 years$19,564$11,049$5,945$3,085$1,561$289
49 years$18,946$10,551$5,588$2,851$1,418$252
50 years$18,355$10,079$5,253$2,635$1,288$219

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 $4,662 every year, while hoping to spend $24,381 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: 58/14/28 Blend
63$18,800,000$18,800,000$18,800,000$18,800,000
64$20,722,409$19,726,009$19,434,609$21,765,521
65$22,810,153$20,666,642$20,059,727$23,421,280
66$25,110,031$21,652,549$20,704,970$25,222,842
67$27,643,653$22,685,923$21,370,985$27,186,788
68$30,434,834$23,769,062$22,058,442$29,328,872
69$33,509,820$24,904,379$22,768,032$31,666,421
70$36,897,529$26,094,401$23,500,469$34,218,498
71$40,629,830$27,341,780$24,256,488$37,006,075
72$44,741,842$28,649,296$25,036,849$40,052,225
73$49,272,264$30,019,865$25,842,337$43,382,340
74$54,263,741$31,456,545$26,673,762$47,024,360
75$59,763,268$32,962,542$27,531,959$51,009,035
76$65,822,634$34,541,218$28,417,792$55,370,210
77$72,498,905$36,196,100$29,332,150$60,145,135
78$79,854,970$37,930,886$30,275,954$65,374,816
79$87,960,131$39,749,454$31,250,153$71,104,391
80$96,890,757$41,655,869$32,255,725$77,383,554
81$106,731,006$43,654,398$33,293,683$84,267,013
82$117,573,617$45,749,513$34,365,071$91,815,005
83$129,520,791$47,945,904$35,470,966$100,093,851
84$142,685,148$50,248,490$36,612,480$109,176,578
85$157,190,797$52,662,430$37,790,761$119,143,602
86$173,174,503$55,193,133$39,006,996$130,083,475
87$190,786,979$57,846,273$40,262,407$142,093,714
88$210,194,311$60,627,801$41,558,258$155,281,715
89$231,579,523$63,543,956$42,895,852$169,765,752
90$255,144,307$66,601,282$44,276,536$185,676,090
91$281,110,924$69,806,643$45,701,698$203,156,200
92$309,724,307$73,167,236$47,172,773$222,364,104
93$341,254,366$76,690,611$48,691,241$243,473,856
94$375,998,544$80,384,684$50,258,630$266,677,174
95$414,284,619$84,257,757$51,876,518$292,185,238
96$456,473,803$88,318,540$53,546,534$320,230,668
97$502,964,146$92,576,163$55,270,358$351,069,712
98$554,194,299$97,040,205$57,049,725$384,984,645
99$610,647,654$101,720,712$58,886,427$422,286,427
100$672,856,905$106,628,218$60,782,313$463,317,617