Can I retire at age 64 with 19,200,000?

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 $19,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,500,736
2 years$784,910$770,292$756,124$742,388$729,064$698,667
3 years$518,075$503,394$489,263$475,655$462,548$433,000
4 years$384,684$370,048$356,058$342,683$329,893$301,422
5 years$304,671$290,122$276,316$263,213$250,780$223,466
6 years$251,346$236,907$223,304$210,494$198,433$172,307
7 years$213,271$198,954$185,567$173,059$161,380$136,447
8 years$184,728$170,540$157,375$145,175$133,880$110,134
9 years$162,540$148,486$135,547$123,656$112,746$90,171
10 years$144,800$130,883$118,173$106,593$96,065$74,640
11 years$130,295$116,517$104,038$92,768$82,619$62,317
12 years$118,216$104,580$92,331$81,370$71,596$52,388
13 years$108,003$94,510$82,492$71,837$62,433$44,288
14 years$99,257$85,907$74,119$63,769$54,729$37,611
15 years$91,683$78,477$66,919$56,871$48,187$32,063
16 years$85,063$72,001$60,672$50,922$42,588$27,419
17 years$79,228$66,311$55,209$45,753$37,762$23,510
18 years$74,047$61,274$50,399$41,233$33,576$20,203
19 years$69,417$56,788$46,138$37,257$29,927$17,395
20 years$65,255$52,770$42,343$33,743$26,731$15,001
21 years$61,494$49,153$38,947$30,624$23,921$12,954
22 years$58,080$45,883$35,896$27,845$21,442$11,200
23 years$54,967$42,913$33,144$25,359$19,248$9,693
24 years$52,118$40,207$30,652$23,128$17,300$8,396
25 years$49,501$37,732$28,390$21,122$15,568$7,278
26 years$47,089$35,462$26,330$19,313$14,023$6,313
27 years$44,859$33,374$24,450$17,678$12,643$5,479
28 years$42,793$31,448$22,730$16,197$11,408$4,758
29 years$40,872$29,668$21,152$14,853$10,301$4,133
30 years$39,083$28,018$19,702$13,631$9,308$3,591
31 years$37,412$26,486$18,368$12,519$8,415$3,122
32 years$35,850$25,062$17,137$11,505$7,612$2,715
33 years$34,384$23,734$16,001$10,580$6,889$2,361
34 years$33,008$22,494$14,951$9,735$6,237$2,054
35 years$31,714$21,335$13,978$8,961$5,649$1,787
36 years$30,494$20,250$13,076$8,253$5,118$1,555
37 years$29,343$19,233$12,239$7,604$4,639$1,353
38 years$28,255$18,278$11,461$7,009$4,206$1,178
39 years$27,225$17,381$10,738$6,463$3,814$1,025
40 years$26,249$16,537$10,065$5,961$3,459$893
41 years$25,324$15,741$9,437$5,500$3,138$777
42 years$24,444$14,991$8,853$5,075$2,848$677
43 years$23,608$14,284$8,307$4,685$2,584$589
44 years$22,812$13,615$7,798$4,326$2,346$513
45 years$22,054$12,984$7,322$3,995$2,130$447
46 years$21,331$12,386$6,877$3,690$1,934$389
47 years$20,640$11,820$6,460$3,410$1,756$339
48 years$19,980$11,284$6,071$3,151$1,595$295
49 years$19,350$10,775$5,706$2,912$1,448$257
50 years$18,746$10,293$5,365$2,691$1,315$224

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $19,200,000, adding $4,870 every year, while hoping to spend $20,548 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: 43/47/10 Blend
63$19,200,000$19,200,000$19,200,000$19,200,000
64$21,163,423$20,145,823$19,848,223$22,011,956
65$23,300,230$21,111,106$20,491,276$23,568,764
66$25,654,302$22,122,998$21,155,182$25,251,821
67$28,247,778$23,183,763$21,840,619$27,074,645
68$31,105,057$24,295,773$22,548,285$29,050,038
69$34,253,022$25,461,515$23,278,902$31,192,041
70$37,721,300$26,683,599$24,033,215$33,516,056
71$41,542,539$27,964,761$24,811,993$36,038,983
72$45,752,714$29,307,871$25,616,031$38,779,365
73$50,391,471$30,715,937$26,446,148$41,757,558
74$55,502,498$32,192,116$27,303,192$44,995,908
75$61,133,941$33,739,717$28,188,036$48,518,949
76$67,338,851$35,362,211$29,101,584$52,353,627
77$74,175,693$37,063,239$30,044,767$56,529,537
78$81,708,894$38,846,618$31,018,547$61,079,190
79$90,009,451$40,716,352$32,023,918$66,038,304
80$99,155,602$42,676,640$33,061,905$71,446,131
81$109,233,563$44,731,885$34,133,569$77,345,804
82$120,338,346$46,886,706$35,240,003$83,784,737
83$132,574,649$49,145,947$36,382,335$90,815,047
84$146,057,852$51,514,687$37,561,731$98,494,033
85$160,915,099$53,998,253$38,779,396$106,884,694
86$177,286,506$56,602,234$40,036,573$116,056,309
87$195,326,475$59,332,489$41,334,543$126,085,064
88$215,205,159$62,195,164$42,674,634$137,054,756
89$237,110,062$65,196,705$44,058,211$149,057,554
90$261,247,817$68,343,871$45,486,689$162,194,853
91$287,846,126$71,643,754$46,961,526$176,578,198
92$317,155,921$75,103,787$48,484,227$192,330,318
93$349,453,724$78,731,772$50,056,347$209,586,250
94$385,044,262$82,535,887$51,679,493$228,494,592
95$424,263,341$86,524,710$53,355,321$249,218,871
96$467,481,021$90,707,239$55,085,543$271,939,054
97$515,105,102$95,092,912$56,871,926$296,853,218
98$567,584,982$99,691,624$58,716,295$324,179,383
99$625,415,894$104,513,756$60,620,534$354,157,533
100$689,143,581$109,570,197$62,586,588$387,051,842