Can I retire at age 64 with 19,100,000?

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 $19,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$1,577,260$1,563,211$1,549,504$1,536,125$1,523,061$1,466,107
2 years$780,822$766,280$752,186$738,521$725,267$668,540
3 years$515,377$500,772$486,714$473,178$460,139$405,422
4 years$382,681$368,121$354,203$340,898$328,175$275,886
5 years$303,084$288,611$274,876$261,842$249,474$199,747
6 years$250,036$235,673$222,141$209,397$197,400$150,271
7 years$212,160$197,918$184,600$172,157$160,539$115,995
8 years$183,766$169,652$156,556$144,418$133,183$91,183
9 years$161,694$147,712$134,841$123,012$112,159$72,644
10 years$144,046$130,201$117,558$106,038$95,565$58,464
11 years$129,616$115,911$103,496$92,285$82,189$47,421
12 years$117,600$104,035$91,850$80,946$71,223$38,700
13 years$107,440$94,017$82,062$71,463$62,108$31,737
14 years$98,740$85,459$73,733$63,437$54,444$26,129
15 years$91,206$78,068$66,571$56,575$47,936$21,579
16 years$84,620$71,626$60,356$50,657$42,366$17,868
17 years$78,815$65,965$54,922$45,515$37,565$14,826
18 years$73,661$60,955$50,137$41,018$33,401$12,323
19 years$69,055$56,492$45,898$37,063$29,771$10,257
20 years$64,915$52,495$42,123$33,568$26,592$8,547
21 years$61,174$48,897$38,745$30,465$23,797$7,130
22 years$57,777$45,644$35,709$27,700$21,331$5,952
23 years$54,681$42,690$32,971$25,226$19,148$4,972
24 years$51,846$39,998$30,493$23,008$17,210$4,156
25 years$49,243$37,536$28,242$21,012$15,487$3,475
26 years$46,843$35,278$26,193$19,213$13,950$2,907
27 years$44,626$33,200$24,323$17,586$12,577$2,433
28 years$42,570$31,284$22,611$16,112$11,348$2,037
29 years$40,659$29,513$21,042$14,775$10,247$1,705
30 years$38,879$27,872$19,600$13,560$9,259$1,428
31 years$37,218$26,348$18,272$12,454$8,371$1,196
32 years$35,663$24,931$17,048$11,445$7,572$1,002
33 years$34,205$23,610$15,918$10,525$6,853$839
34 years$32,836$22,377$14,873$9,684$6,205$703
35 years$31,549$21,224$13,905$8,915$5,620$589
36 years$30,335$20,145$13,008$8,210$5,092$494
37 years$29,190$19,133$12,175$7,564$4,615$414
38 years$28,108$18,183$11,401$6,972$4,184$347
39 years$27,083$17,290$10,682$6,429$3,794$291
40 years$26,113$16,450$10,012$5,930$3,441$243
41 years$25,192$15,659$9,388$5,471$3,122$204
42 years$24,317$14,913$8,806$5,049$2,833$171
43 years$23,485$14,209$8,264$4,661$2,571$143
44 years$22,694$13,545$7,757$4,303$2,334$120
45 years$21,939$12,916$7,283$3,974$2,119$101
46 years$21,220$12,321$6,841$3,671$1,924$84
47 years$20,533$11,758$6,427$3,392$1,747$71
48 years$19,876$11,225$6,039$3,134$1,586$59
49 years$19,249$10,719$5,677$2,896$1,441$50
50 years$18,648$10,239$5,337$2,677$1,309$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $19,100,000, adding $3,656 every year, while hoping to spend $29,850 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: 44/30/26 Blend
63$19,100,000$19,100,000$19,100,000$19,100,000
64$21,051,971$20,039,671$19,743,621$21,819,215
65$23,167,512$20,989,855$20,373,272$23,315,641
66$25,497,838$21,985,597$21,023,016$24,933,591
67$28,064,825$23,029,099$21,693,495$26,686,896
68$30,892,580$24,122,668$22,385,370$28,588,151
69$34,007,668$25,268,723$23,099,325$30,651,180
70$37,439,362$26,469,803$23,836,064$32,891,167
71$41,219,921$27,728,568$24,596,317$35,324,784
72$45,384,892$29,047,806$25,380,832$37,970,350
73$49,973,447$30,430,445$26,190,386$40,847,985
74$55,028,753$31,879,551$27,025,778$43,979,800
75$60,598,377$33,398,340$27,887,833$47,390,096
76$66,734,738$34,990,186$28,777,402$51,105,578
77$73,495,602$36,658,625$29,695,365$55,155,605
78$80,944,621$38,407,366$30,642,628$59,572,453
79$89,151,944$40,240,298$31,620,128$64,391,609
80$98,194,869$42,161,499$32,628,829$69,652,098
81$108,158,579$44,175,246$33,669,728$75,396,837
82$119,136,945$46,286,024$34,743,854$81,673,029
83$131,233,408$48,498,534$35,852,269$88,532,597
84$144,561,963$50,817,709$36,996,067$96,032,661
85$159,248,227$53,248,721$38,176,379$104,236,060
86$175,430,629$55,796,991$39,394,370$113,211,938
87$193,261,718$58,468,208$40,651,246$123,036,374
88$212,909,598$61,268,335$41,948,248$133,793,091
89$234,559,520$64,203,627$43,286,658$145,574,225
90$258,415,629$67,280,642$44,667,798$158,481,182
91$284,702,888$70,506,259$46,093,035$172,625,573
92$313,669,207$73,887,690$47,563,776$188,130,254
93$345,587,779$77,432,500$49,081,475$205,130,462
94$380,759,661$81,148,621$50,647,633$223,775,073
95$419,516,616$85,044,373$52,263,799$244,227,986
96$462,224,244$89,128,480$53,931,569$266,669,649
97$509,285,433$93,410,092$55,652,593$291,298,736
98$561,144,164$97,898,804$57,428,572$318,334,003
99$618,289,702$102,604,679$59,261,262$348,016,323
100$681,261,214$107,538,269$61,152,476$380,610,934