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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.7%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,452,313
2 years$768,558$754,244$740,372$726,922$713,875$667,117
3 years$507,282$492,907$479,070$465,746$452,912$407,686
4 years$376,670$362,339$348,640$335,544$323,021$279,675
5 years$298,323$284,078$270,559$257,730$245,555$204,206
6 years$246,109$231,971$218,652$206,108$194,299$154,982
7 years$208,828$194,809$181,701$169,453$158,017$120,730
8 years$180,880$166,987$154,097$142,150$131,091$95,807
9 years$159,154$145,392$132,723$121,080$110,397$77,079
10 years$141,783$128,156$115,711$104,372$94,064$62,663
11 years$127,580$114,090$101,870$90,835$80,898$51,357
12 years$115,753$102,401$90,407$79,675$70,105$42,361
13 years$105,753$92,541$80,773$70,341$61,133$35,120
14 years$97,189$84,117$72,575$62,441$53,589$29,238
15 years$89,773$76,842$65,525$55,686$47,184$24,423
16 years$83,291$70,501$59,408$49,861$41,701$20,458
17 years$77,577$64,929$54,059$44,800$36,975$17,176
18 years$72,504$59,997$49,349$40,373$32,876$14,448
19 years$67,971$55,605$45,177$36,481$29,303$12,172
20 years$63,895$51,671$41,461$33,040$26,174$10,269
21 years$60,213$48,129$38,136$29,986$23,423$8,672
22 years$56,870$44,927$35,148$27,264$20,996$7,331
23 years$53,822$42,019$32,453$24,830$18,847$6,202
24 years$51,032$39,369$30,014$22,647$16,940$5,250
25 years$48,469$36,946$27,799$20,682$15,243$4,447
26 years$46,108$34,723$25,782$18,911$13,731$3,768
27 years$43,925$32,679$23,941$17,309$12,379$3,195
28 years$41,901$30,793$22,256$15,859$11,170$2,709
29 years$40,021$29,050$20,711$14,543$10,086$2,298
30 years$38,269$27,434$19,292$13,347$9,114$1,950
31 years$36,633$25,935$17,985$12,258$8,240$1,655
32 years$35,103$24,539$16,780$11,266$7,453$1,405
33 years$33,668$23,239$15,668$10,360$6,745$1,192
34 years$32,321$22,026$14,639$9,532$6,107$1,012
35 years$31,053$20,891$13,687$8,775$5,531$860
36 years$29,859$19,828$12,804$8,081$5,012$730
37 years$28,732$18,833$11,984$7,446$4,542$620
38 years$27,666$17,898$11,222$6,863$4,118$527
39 years$26,658$17,019$10,514$6,328$3,734$447
40 years$25,703$16,192$9,855$5,837$3,387$380
41 years$24,796$15,413$9,241$5,385$3,073$323
42 years$23,935$14,679$8,668$4,970$2,788$274
43 years$23,116$13,986$8,134$4,588$2,531$233
44 years$22,337$13,332$7,635$4,236$2,297$198
45 years$21,594$12,713$7,169$3,912$2,085$168
46 years$20,886$12,128$6,733$3,614$1,893$143
47 years$20,210$11,574$6,326$3,338$1,719$121
48 years$19,564$11,049$5,945$3,085$1,561$103
49 years$18,946$10,551$5,588$2,851$1,418$88
50 years$18,355$10,079$5,253$2,635$1,288$74

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 $4,593 every year, while hoping to spend $25,776 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: 59/36/5 Blend
63$18,800,000$18,800,000$18,800,000$18,800,000
64$20,722,338$19,725,938$19,434,538$21,926,456
65$22,808,591$20,665,083$20,058,169$23,672,338
66$25,106,778$21,649,383$20,701,829$25,571,613
67$27,638,488$22,681,022$21,366,159$27,641,670
68$30,427,515$23,762,293$22,051,826$29,898,874
69$33,500,073$24,895,597$22,759,514$32,361,217
70$36,885,055$26,083,456$23,489,932$35,048,469
71$40,614,296$27,328,510$24,243,810$37,982,366
72$44,722,879$28,633,532$25,021,903$41,186,804
73$49,249,464$30,001,427$25,824,988$44,688,055
74$54,236,653$31,435,241$26,653,869$48,515,012
75$59,731,394$32,938,170$27,509,376$52,699,448
76$65,785,421$34,513,564$28,392,364$57,276,309
77$72,455,742$36,164,938$29,303,718$62,284,034
78$79,805,184$37,895,975$30,244,348$67,764,910
79$87,902,975$39,710,541$31,215,196$73,765,456
80$96,825,408$41,612,686$32,217,234$80,336,856
81$106,656,553$43,606,661$33,251,465$87,535,427
82$117,489,056$45,696,922$34,318,923$95,423,144
83$129,425,010$47,888,142$35,420,678$104,068,205
84$142,576,922$50,185,222$36,557,832$113,545,667
85$157,068,772$52,593,302$37,731,523$123,938,139
86$173,037,184$55,117,771$38,942,926$135,336,549
87$190,632,717$57,764,282$40,193,255$147,840,983
88$210,021,285$60,538,763$41,483,760$161,561,620
89$231,385,725$63,447,431$42,815,734$176,619,751
90$254,927,518$66,496,804$44,190,511$193,148,905
91$280,868,699$69,693,721$45,609,467$211,296,100
92$309,453,945$73,045,353$47,074,022$231,223,200
93$340,952,890$76,559,218$48,585,645$253,108,432
94$375,662,669$80,243,204$50,145,848$277,148,043
95$413,910,722$84,105,581$51,756,195$303,558,134
96$456,057,886$88,155,025$53,418,298$332,576,672
97$502,501,801$92,400,632$55,133,821$364,465,717
98$553,680,664$96,851,943$56,904,484$399,513,868
99$610,077,368$101,518,964$58,732,060$438,038,962
100$672,224,055$106,412,189$60,618,380$480,391,045