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%19%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,452,484
2 years$772,646$758,256$744,310$730,788$717,673$663,235
3 years$509,981$495,529$481,618$468,223$455,321$402,785
4 years$378,674$364,266$350,494$337,328$324,739$274,506
5 years$299,910$285,589$271,998$259,101$246,861$199,063
6 years$247,418$233,205$219,815$207,205$195,333$150,004
7 years$209,939$195,845$182,667$170,354$158,858$115,988
8 years$181,842$167,875$154,916$142,906$131,788$91,340
9 years$160,000$146,166$133,429$121,724$110,985$72,903
10 years$142,537$128,838$116,327$104,928$94,564$58,784
11 years$128,259$114,697$102,412$91,318$81,329$47,773
12 years$116,368$102,946$90,888$80,099$70,478$39,066
13 years$106,315$93,033$81,203$70,715$61,458$32,103
14 years$97,706$84,564$72,961$62,773$53,874$26,485
15 years$90,251$77,251$65,874$55,982$47,435$21,921
16 years$83,734$70,876$59,724$50,126$41,923$18,190
17 years$77,990$65,274$54,347$45,038$37,172$15,127
18 years$72,890$60,317$49,612$40,588$33,051$12,601
19 years$68,332$55,901$45,417$36,675$29,459$10,513
20 years$64,235$51,946$41,681$33,216$26,314$8,781
21 years$60,533$48,385$38,339$30,146$23,548$7,341
22 years$57,172$45,166$35,335$27,409$21,107$6,143
23 years$54,108$42,243$32,626$24,962$18,947$5,144
24 years$51,303$39,579$30,173$22,767$17,030$4,310
25 years$48,727$37,143$27,947$20,792$15,324$3,613
26 years$46,353$34,908$25,919$19,011$13,804$3,030
27 years$44,158$32,853$24,068$17,402$12,445$2,541
28 years$42,124$30,957$22,374$15,944$11,230$2,133
29 years$40,233$29,204$20,821$14,621$10,140$1,790
30 years$38,472$27,580$19,394$13,418$9,162$1,502
31 years$36,828$26,073$18,081$12,323$8,283$1,262
32 years$35,289$24,670$16,870$11,326$7,493$1,059
33 years$33,847$23,363$15,751$10,415$6,781$890
34 years$32,493$22,143$14,717$9,582$6,140$747
35 years$31,218$21,002$13,759$8,821$5,561$628
36 years$30,018$19,934$12,872$8,124$5,038$527
37 years$28,884$18,933$12,048$7,485$4,566$443
38 years$27,813$17,993$11,282$6,899$4,140$372
39 years$26,800$17,109$10,570$6,362$3,754$313
40 years$25,839$16,278$9,907$5,868$3,405$263
41 years$24,928$15,495$9,290$5,414$3,089$221
42 years$24,062$14,757$8,714$4,996$2,803$185
43 years$23,239$14,061$8,177$4,612$2,544$156
44 years$22,456$13,403$7,676$4,258$2,309$131
45 years$21,709$12,781$7,207$3,933$2,096$110
46 years$20,997$12,192$6,769$3,633$1,903$92
47 years$20,318$11,635$6,360$3,356$1,728$78
48 years$19,668$11,107$5,976$3,101$1,570$65
49 years$19,047$10,607$5,617$2,866$1,426$55
50 years$18,453$10,132$5,281$2,649$1,295$46

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 $2,218 every year, while hoping to spend $21,138 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: 58/19/23 Blend
63$18,900,000$18,900,000$18,900,000$18,900,000
64$20,830,088$19,828,388$19,535,438$21,909,252
65$22,932,266$20,777,488$20,167,384$23,594,150
66$25,248,158$21,772,386$20,819,793$25,427,803
67$27,799,540$22,815,303$21,493,326$27,426,566
68$30,610,410$23,908,569$22,188,669$29,606,404
69$33,707,210$25,054,628$22,906,528$31,984,874
70$37,119,083$26,256,041$23,647,633$34,581,286
71$40,878,139$27,515,497$24,412,738$37,416,878
72$45,019,765$28,835,812$25,202,621$40,515,016
73$49,582,957$30,219,943$26,018,085$43,901,404
74$54,610,686$31,670,988$26,859,959$47,604,322
75$60,150,307$33,192,198$27,729,098$51,654,889
76$66,254,004$34,786,981$28,626,389$56,087,348
77$72,979,281$36,458,912$29,552,741$60,939,383
78$80,389,509$38,211,739$30,509,099$66,252,470
79$88,554,519$40,049,395$31,496,435$72,072,256
80$97,551,267$41,976,002$32,515,752$78,448,990
81$107,464,556$43,995,885$33,568,089$85,437,982
82$118,387,836$46,113,579$34,654,515$93,100,121
83$130,424,090$48,333,839$35,776,136$101,502,439
84$143,686,804$50,661,654$36,934,093$110,718,739
85$158,301,037$53,102,255$38,129,565$120,830,275
86$174,404,606$55,661,128$39,363,768$131,926,518
87$192,149,379$58,344,027$40,637,958$144,105,980
88$211,702,717$61,156,986$41,953,431$157,477,144
89$233,249,051$64,106,334$43,311,527$172,159,470
90$256,991,619$67,198,710$44,713,628$188,284,511
91$283,154,390$70,441,073$46,161,161$205,997,146
92$311,984,178$73,840,725$47,655,600$225,456,934
93$343,752,967$77,405,324$49,198,466$246,839,605
94$378,760,484$81,142,899$50,791,329$270,338,706
95$417,337,027$85,061,874$52,435,812$296,167,415
96$459,846,580$89,171,083$54,133,588$324,560,534
97$506,690,255$93,479,790$55,886,387$355,776,696
98$558,310,074$97,997,712$57,695,994$390,100,784
99$615,193,142$102,735,041$59,564,250$427,846,608
100$677,876,250$107,702,466$61,493,060$469,359,843