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%13.9%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,474,910
2 years$768,558$754,244$740,372$726,922$713,875$689,533
3 years$507,282$492,907$479,070$465,746$452,912$429,212
4 years$376,670$362,339$348,640$335,544$323,021$300,146
5 years$298,323$284,078$270,559$257,730$245,555$223,572
6 years$246,109$231,971$218,652$206,108$194,299$173,234
7 years$208,828$194,809$181,701$169,453$158,017$137,875
8 years$180,880$166,987$154,097$142,150$131,091$111,868
9 years$159,154$145,392$132,723$121,080$110,397$92,084
10 years$141,783$128,156$115,711$104,372$94,064$76,645
11 years$127,580$114,090$101,870$90,835$80,898$64,355
12 years$115,753$102,401$90,407$79,675$70,105$54,417
13 years$105,753$92,541$80,773$70,341$61,133$46,277
14 years$97,189$84,117$72,575$62,441$53,589$39,540
15 years$89,773$76,842$65,525$55,686$47,184$33,917
16 years$83,291$70,501$59,408$49,861$41,701$29,188
17 years$77,577$64,929$54,059$44,800$36,975$25,189
18 years$72,504$59,997$49,349$40,373$32,876$21,788
19 years$67,971$55,605$45,177$36,481$29,303$18,884
20 years$63,895$51,671$41,461$33,040$26,174$16,395
21 years$60,213$48,129$38,136$29,986$23,423$14,255
22 years$56,870$44,927$35,148$27,264$20,996$12,410
23 years$53,822$42,019$32,453$24,830$18,847$10,816
24 years$51,032$39,369$30,014$22,647$16,940$9,435
25 years$48,469$36,946$27,799$20,682$15,243$8,238
26 years$46,108$34,723$25,782$18,911$13,731$7,197
27 years$43,925$32,679$23,941$17,309$12,379$6,292
28 years$41,901$30,793$22,256$15,859$11,170$5,503
29 years$40,021$29,050$20,711$14,543$10,086$4,816
30 years$38,269$27,434$19,292$13,347$9,114$4,216
31 years$36,633$25,935$17,985$12,258$8,240$3,692
32 years$35,103$24,539$16,780$11,266$7,453$3,235
33 years$33,668$23,239$15,668$10,360$6,745$2,834
34 years$32,321$22,026$14,639$9,532$6,107$2,484
35 years$31,053$20,891$13,687$8,775$5,531$2,178
36 years$29,859$19,828$12,804$8,081$5,012$1,910
37 years$28,732$18,833$11,984$7,446$4,542$1,675
38 years$27,666$17,898$11,222$6,863$4,118$1,469
39 years$26,658$17,019$10,514$6,328$3,734$1,288
40 years$25,703$16,192$9,855$5,837$3,387$1,130
41 years$24,796$15,413$9,241$5,385$3,073$992
42 years$23,935$14,679$8,668$4,970$2,788$870
43 years$23,116$13,986$8,134$4,588$2,531$764
44 years$22,337$13,332$7,635$4,236$2,297$670
45 years$21,594$12,713$7,169$3,912$2,085$588
46 years$20,886$12,128$6,733$3,614$1,893$516
47 years$20,210$11,574$6,326$3,338$1,719$453
48 years$19,564$11,049$5,945$3,085$1,561$398
49 years$18,946$10,551$5,588$2,851$1,418$349
50 years$18,355$10,079$5,253$2,635$1,288$306

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 $4,938 every year, while hoping to spend $30,086 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: 51/40/9 Blend
63$18,800,000$18,800,000$18,800,000$18,800,000
64$20,722,694$19,726,294$19,434,894$21,731,077
65$22,804,397$20,660,871$20,053,951$23,353,536
66$25,097,426$21,640,234$20,692,739$25,112,697
67$27,623,304$22,666,545$21,351,886$27,024,319
68$30,405,748$23,742,074$22,032,042$29,102,745
69$33,470,895$24,869,196$22,733,876$31,363,723
70$36,847,545$26,050,406$23,458,080$33,824,551
71$40,567,437$27,288,317$24,205,367$36,504,229
72$44,665,542$28,585,672$24,976,474$39,423,631
73$49,180,402$29,945,344$25,772,160$42,605,695
74$54,154,485$31,370,348$26,593,209$46,075,627
75$59,634,591$32,863,844$27,440,431$49,861,131
76$65,672,293$34,429,146$28,314,659$53,992,660
77$72,324,423$36,069,729$29,216,756$58,503,693
78$79,653,606$37,789,239$30,147,609$63,431,040
79$87,728,858$39,591,495$31,108,138$68,815,175
80$96,626,228$41,480,505$32,099,287$74,700,612
81$106,429,524$43,460,471$33,122,035$81,136,305
82$117,231,101$45,535,799$34,177,388$88,176,102
83$129,132,730$47,711,110$35,266,387$95,879,237
84$142,246,563$49,991,249$36,390,105$104,310,873
85$156,696,189$52,381,296$37,549,650$113,542,707
86$172,617,801$54,886,581$38,746,165$123,653,623
87$190,161,485$57,512,692$39,980,829$134,730,427
88$209,492,629$60,265,486$41,254,860$146,868,642
89$230,793,492$63,151,110$42,569,512$160,173,396
90$254,264,920$66,176,006$43,926,083$174,760,395
91$280,128,245$69,346,933$45,325,910$190,756,990
92$308,627,370$72,670,977$46,770,372$208,303,362
93$340,031,076$76,155,570$48,260,894$227,553,823
94$374,635,557$79,808,504$49,798,945$248,678,246
95$412,767,217$83,637,954$51,386,043$271,863,648
96$454,785,750$87,652,490$53,023,752$297,315,925
97$501,087,535$91,861,101$54,713,686$325,261,773
98$552,109,382$96,273,213$56,457,513$355,950,799
99$608,332,651$100,898,713$58,256,952$389,657,845
100$670,287,800$105,747,968$60,113,778$426,685,554