Can I retire at age 64 with 19,000,000?

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 $19,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,474,871
2 years$776,734$762,268$748,248$734,655$721,470$681,234
3 years$512,679$498,150$484,166$470,701$457,730$418,733
4 years$380,677$366,193$352,349$339,113$326,457$288,998
5 years$301,497$287,100$273,437$260,471$248,167$212,351
6 years$248,727$234,439$220,978$208,301$196,366$162,226
7 years$211,050$196,881$183,634$171,256$159,698$127,237
8 years$182,804$168,764$155,736$143,662$132,485$101,686
9 years$160,847$146,939$134,135$122,368$111,572$82,407
10 years$143,292$129,520$116,942$105,483$95,065$67,499
11 years$128,937$115,304$102,954$91,802$81,759$55,749
12 years$116,984$103,490$91,369$80,522$70,850$46,349
13 years$106,878$93,525$81,632$71,089$61,783$38,740
14 years$98,223$85,012$73,347$63,105$54,159$32,520
15 years$90,728$77,660$66,222$56,279$47,686$27,395
16 years$84,177$71,251$60,040$50,391$42,145$23,146
17 years$78,403$65,620$54,634$45,276$37,368$19,604
18 years$73,276$60,636$49,874$40,803$33,226$16,638
19 years$68,694$56,197$45,657$36,869$29,615$14,144
20 years$64,575$52,221$41,902$33,392$26,453$12,042
21 years$60,853$48,641$38,542$30,305$23,672$10,264
22 years$57,475$45,405$35,522$27,554$21,219$8,758
23 years$54,394$42,466$32,798$25,094$19,047$7,480
24 years$51,575$39,788$30,333$22,888$17,120$6,393
25 years$48,985$37,339$28,094$20,902$15,406$5,467
26 years$46,598$35,093$26,056$19,112$13,877$4,678
27 years$44,392$33,026$24,195$17,494$12,511$4,004
28 years$42,347$31,121$22,493$16,028$11,289$3,429
29 years$40,446$29,359$20,931$14,698$10,194$2,938
30 years$38,676$27,726$19,497$13,489$9,211$2,517
31 years$37,023$26,211$18,176$12,389$8,327$2,158
32 years$35,476$24,800$16,959$11,385$7,533$1,850
33 years$34,026$23,486$15,835$10,470$6,817$1,586
34 years$32,665$22,260$14,795$9,633$6,172$1,360
35 years$31,384$21,113$13,832$8,868$5,590$1,167
36 years$30,176$20,039$12,940$8,167$5,065$1,001
37 years$29,037$19,033$12,111$7,525$4,591$858
38 years$27,961$18,088$11,342$6,936$4,162$736
39 years$26,942$17,200$10,626$6,395$3,774$632
40 years$25,976$16,364$9,960$5,899$3,423$542
41 years$25,060$15,577$9,339$5,442$3,106$465
42 years$24,190$14,835$8,760$5,023$2,818$399
43 years$23,362$14,135$8,220$4,636$2,558$343
44 years$22,575$13,474$7,716$4,281$2,321$294
45 years$21,824$12,848$7,245$3,954$2,107$252
46 years$21,108$12,257$6,805$3,652$1,913$217
47 years$20,425$11,697$6,393$3,374$1,738$186
48 years$19,772$11,166$6,008$3,118$1,578$160
49 years$19,148$10,663$5,647$2,881$1,433$137
50 years$18,551$10,186$5,309$2,663$1,302$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $19,000,000, adding $5,722 every year, while hoping to spend $37,238 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: 73/18/9 Blend
63$19,000,000$19,000,000$19,000,000$19,000,000
64$20,943,902$19,936,902$19,642,402$22,439,546
65$23,040,559$20,874,190$20,260,802$24,364,650
66$25,349,827$21,856,156$20,898,670$26,467,218
67$27,893,353$22,884,951$21,556,619$28,768,950
68$30,694,991$23,962,829$22,235,281$31,289,521
69$33,781,026$25,092,154$22,935,309$34,050,583
70$37,180,424$26,275,403$23,657,375$37,075,969
71$40,925,103$27,515,173$24,402,173$40,391,910
72$45,050,236$28,814,189$25,170,418$44,027,282
73$49,594,581$30,175,306$25,962,848$48,013,874
74$54,600,851$31,601,518$26,780,226$52,386,681
75$60,116,110$33,095,964$27,623,336$57,184,232
76$66,192,223$34,661,937$28,492,988$62,448,947
77$72,886,345$36,302,887$29,390,018$68,227,533
78$80,261,456$38,022,432$30,315,287$74,571,420
79$88,386,961$39,824,367$31,269,686$81,537,239
80$97,339,340$41,712,671$32,254,130$89,187,355
81$107,202,875$43,691,514$33,269,565$97,590,441
82$118,070,441$45,765,271$34,316,968$106,822,131
83$130,044,384$47,938,527$35,397,344$116,965,717
84$143,237,487$50,216,091$36,511,732$128,112,934
85$157,774,038$52,603,007$37,661,202$140,364,817
86$173,790,996$55,104,560$38,846,858$153,832,646
87$191,439,290$57,726,296$40,069,840$168,638,991
88$210,885,240$60,474,027$41,331,323$184,918,857
89$232,312,131$63,353,851$42,632,518$202,820,952
90$255,921,937$66,372,158$43,974,677$222,509,081
91$281,937,234$69,535,653$45,359,087$244,163,682
92$310,603,295$72,851,363$46,787,080$267,983,521
93$342,190,411$76,326,660$48,260,027$294,187,553
94$376,996,439$79,969,273$49,779,344$323,016,984
95$415,349,614$83,787,305$51,346,490$354,737,533
96$457,611,648$87,789,256$52,962,971$389,641,927
97$504,181,146$91,984,039$54,630,340$428,052,656
98$555,497,365$96,380,999$56,350,199$470,324,999
99$612,044,365$100,989,937$58,124,199$516,850,366
100$674,355,577$105,821,131$59,954,046$568,059,982