Can I retire at age 64 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,478,498
2 years$772,646$758,256$744,310$730,788$717,673$688,955
3 years$509,981$495,529$481,618$468,223$455,321$427,396
4 years$378,674$364,266$350,494$337,328$324,739$297,821
5 years$299,910$285,589$271,998$259,101$246,861$221,028
6 years$247,418$233,205$219,815$207,205$195,333$170,613
7 years$209,939$195,845$182,667$170,354$158,858$135,257
8 years$181,842$167,875$154,916$142,906$131,788$109,300
9 years$160,000$146,166$133,429$121,724$110,985$89,596
10 years$142,537$128,838$116,327$104,928$94,564$74,255
11 years$128,259$114,697$102,412$91,318$81,329$62,074
12 years$116,368$102,946$90,888$80,099$70,478$52,252
13 years$106,315$93,033$81,203$70,715$61,458$44,231
14 years$97,706$84,564$72,961$62,773$53,874$37,614
15 years$90,251$77,251$65,874$55,982$47,435$32,109
16 years$83,734$70,876$59,724$50,126$41,923$27,497
17 years$77,990$65,274$54,347$45,038$37,172$23,611
18 years$72,890$60,317$49,612$40,588$33,051$20,320
19 years$68,332$55,901$45,417$36,675$29,459$17,521
20 years$64,235$51,946$41,681$33,216$26,314$15,132
21 years$60,533$48,385$38,339$30,146$23,548$13,088
22 years$57,172$45,166$35,335$27,409$21,107$11,333
23 years$54,108$42,243$32,626$24,962$18,947$9,823
24 years$51,303$39,579$30,173$22,767$17,030$8,522
25 years$48,727$37,143$27,947$20,792$15,324$7,399
26 years$46,353$34,908$25,919$19,011$13,804$6,429
27 years$44,158$32,853$24,068$17,402$12,445$5,588
28 years$42,124$30,957$22,374$15,944$11,230$4,860
29 years$40,233$29,204$20,821$14,621$10,140$4,229
30 years$38,472$27,580$19,394$13,418$9,162$3,681
31 years$36,828$26,073$18,081$12,323$8,283$3,205
32 years$35,289$24,670$16,870$11,326$7,493$2,792
33 years$33,847$23,363$15,751$10,415$6,781$2,432
34 years$32,493$22,143$14,717$9,582$6,140$2,119
35 years$31,218$21,002$13,759$8,821$5,561$1,847
36 years$30,018$19,934$12,872$8,124$5,038$1,610
37 years$28,884$18,933$12,048$7,485$4,566$1,403
38 years$27,813$17,993$11,282$6,899$4,140$1,224
39 years$26,800$17,109$10,570$6,362$3,754$1,067
40 years$25,839$16,278$9,907$5,868$3,405$930
41 years$24,928$15,495$9,290$5,414$3,089$811
42 years$24,062$14,757$8,714$4,996$2,803$708
43 years$23,239$14,061$8,177$4,612$2,544$617
44 years$22,456$13,403$7,676$4,258$2,309$538
45 years$21,709$12,781$7,207$3,933$2,096$470
46 years$20,997$12,192$6,769$3,633$1,903$410
47 years$20,318$11,635$6,360$3,356$1,728$357
48 years$19,668$11,107$5,976$3,101$1,570$312
49 years$19,047$10,607$5,617$2,866$1,426$272
50 years$18,453$10,132$5,281$2,649$1,295$237

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $18,900,000, adding $3,743 every year, while hoping to spend $26,309 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: 60/12/28 Blend
63$18,900,000$18,900,000$18,900,000$18,900,000
64$20,831,661$19,829,961$19,537,011$21,923,415
65$22,928,498$20,773,636$20,163,508$23,612,364
66$25,238,330$21,762,670$20,810,111$25,451,307
67$27,782,856$22,799,257$21,477,466$27,457,421
68$30,585,985$23,885,699$22,166,239$29,647,001
69$33,674,066$25,024,408$22,877,118$32,037,968
70$37,076,133$26,217,916$23,610,814$34,650,047
71$40,824,180$27,468,876$24,368,058$37,504,937
72$44,953,467$28,780,071$25,149,609$40,626,521
73$49,502,845$30,154,420$25,956,245$44,041,081
74$54,515,130$31,594,981$26,788,774$47,777,545
75$60,037,502$33,104,964$27,648,027$51,867,754
76$66,121,954$34,687,733$28,534,862$56,346,756
77$72,825,779$36,346,818$29,450,166$61,253,137
78$80,212,116$38,085,919$30,394,853$66,629,372
79$88,350,539$39,908,917$31,369,868$72,522,227
80$97,317,719$41,819,880$32,376,185$78,983,191
81$107,198,149$43,823,076$33,414,809$86,068,958
82$118,084,934$45,922,980$34,486,779$93,841,953
83$130,080,677$48,124,286$35,593,166$102,370,919
84$143,298,444$50,431,914$36,735,075$111,731,555
85$157,862,835$52,851,027$37,913,650$122,007,225
86$173,911,154$55,387,037$39,130,066$133,289,739
87$191,594,710$58,045,620$40,385,542$145,680,207
88$211,080,244$60,832,730$41,681,332$159,289,993
89$232,551,503$63,754,608$43,018,730$174,241,750
90$256,210,975$66,817,802$44,399,076$190,670,573
91$282,281,798$70,029,178$45,823,749$208,725,268
92$311,009,870$73,395,936$47,294,173$228,569,739
93$342,666,168$76,925,628$48,811,819$250,384,533
94$377,549,307$80,626,174$50,378,205$274,368,531
95$415,988,359$84,505,879$51,994,898$300,740,813
96$458,345,958$88,573,454$53,663,514$329,742,720
97$505,021,727$92,838,034$55,385,722$361,640,112
98$556,456,045$97,309,200$57,163,246$396,725,875
99$613,134,209$101,996,999$58,997,862$435,322,666
100$675,591,015$106,911,968$60,891,408$477,785,951