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%14.2%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,504,433
2 years$784,910$770,292$756,124$742,388$729,064$702,350
3 years$518,075$503,394$489,263$475,655$462,548$436,553
4 years$384,684$370,048$356,058$342,683$329,893$304,818
5 years$304,671$290,122$276,316$263,213$250,780$226,695
6 years$251,346$236,907$223,304$210,494$198,433$175,368
7 years$213,271$198,954$185,567$173,059$161,380$139,339
8 years$184,728$170,540$157,375$145,175$133,880$112,860
9 years$162,540$148,486$135,547$123,656$112,746$92,735
10 years$144,800$130,883$118,173$106,593$96,065$77,045
11 years$130,295$116,517$104,038$92,768$82,619$64,570
12 years$118,216$104,580$92,331$81,370$71,596$54,493
13 years$108,003$94,510$82,492$71,837$62,433$46,250
14 years$99,257$85,907$74,119$63,769$54,729$39,438
15 years$91,683$78,477$66,919$56,871$48,187$33,759
16 years$85,063$72,001$60,672$50,922$42,588$28,992
17 years$79,228$66,311$55,209$45,753$37,762$24,965
18 years$74,047$61,274$50,399$41,233$33,576$21,548
19 years$69,417$56,788$46,138$37,257$29,927$18,635
20 years$65,255$52,770$42,343$33,743$26,731$16,143
21 years$61,494$49,153$38,947$30,624$23,921$14,004
22 years$58,080$45,883$35,896$27,845$21,442$12,163
23 years$54,967$42,913$33,144$25,359$19,248$10,576
24 years$52,118$40,207$30,652$23,128$17,300$9,204
25 years$49,501$37,732$28,390$21,122$15,568$8,017
26 years$47,089$35,462$26,330$19,313$14,023$6,987
27 years$44,859$33,374$24,450$17,678$12,643$6,094
28 years$42,793$31,448$22,730$16,197$11,408$5,317
29 years$40,872$29,668$21,152$14,853$10,301$4,642
30 years$39,083$28,018$19,702$13,631$9,308$4,054
31 years$37,412$26,486$18,368$12,519$8,415$3,541
32 years$35,850$25,062$17,137$11,505$7,612$3,095
33 years$34,384$23,734$16,001$10,580$6,889$2,705
34 years$33,008$22,494$14,951$9,735$6,237$2,365
35 years$31,714$21,335$13,978$8,961$5,649$2,068
36 years$30,494$20,250$13,076$8,253$5,118$1,809
37 years$29,343$19,233$12,239$7,604$4,639$1,582
38 years$28,255$18,278$11,461$7,009$4,206$1,384
39 years$27,225$17,381$10,738$6,463$3,814$1,211
40 years$26,249$16,537$10,065$5,961$3,459$1,060
41 years$25,324$15,741$9,437$5,500$3,138$927
42 years$24,444$14,991$8,853$5,075$2,848$812
43 years$23,608$14,284$8,307$4,685$2,584$710
44 years$22,812$13,615$7,798$4,326$2,346$622
45 years$22,054$12,984$7,322$3,995$2,130$544
46 years$21,331$12,386$6,877$3,690$1,934$476
47 years$20,640$11,820$6,460$3,410$1,756$417
48 years$19,980$11,284$6,071$3,151$1,595$365
49 years$19,350$10,775$5,706$2,912$1,448$320
50 years$18,746$10,293$5,365$2,691$1,315$280

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 $2,638 every year, while hoping to spend $30,141 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: 52/19/29 Blend
63$19,200,000$19,200,000$19,200,000$19,200,000
64$21,161,121$20,143,521$19,845,921$22,088,898
65$23,287,486$21,098,484$20,478,690$23,689,881
66$25,629,729$22,099,230$21,131,646$25,427,313
67$28,209,840$23,147,970$21,805,434$27,316,863
68$31,052,046$24,247,023$22,500,719$29,373,078
69$34,183,050$25,398,822$23,218,188$31,611,949
70$37,632,271$26,605,915$23,958,548$34,051,057
71$41,432,134$27,870,976$24,722,530$36,709,731
72$45,618,366$29,196,808$25,510,889$39,609,232
73$50,230,339$30,586,351$26,324,403$42,772,940
74$55,311,438$32,042,687$27,163,875$46,226,571
75$60,909,474$33,569,048$28,030,134$49,998,415
76$67,077,132$35,168,823$28,924,035$54,119,596
77$73,872,470$36,845,566$29,846,461$58,624,355
78$81,359,467$38,603,003$30,798,323$63,550,371
79$89,608,625$40,445,044$31,780,560$68,939,107
80$98,697,639$42,375,784$32,794,142$74,836,189
81$108,712,123$44,399,523$33,840,071$81,291,837
82$119,746,426$46,520,765$34,919,379$88,361,323
83$131,904,515$48,744,237$36,033,133$96,105,487
84$145,300,965$51,074,894$37,182,431$104,591,301
85$160,062,031$53,517,931$38,368,411$113,892,491
86$176,326,848$56,078,799$39,592,242$124,090,224
87$194,248,738$58,763,212$40,855,134$135,273,861
88$213,996,662$61,577,163$42,158,334$147,541,793
89$235,756,813$64,526,936$43,503,130$161,002,353
90$259,734,373$67,619,120$44,890,850$175,774,832
91$286,155,451$70,860,629$46,322,865$191,990,585
92$315,269,216$74,258,709$47,800,590$209,794,268
93$347,350,251$77,820,961$49,325,485$229,345,179
94$382,701,145$81,555,356$50,899,056$250,818,754
95$421,655,346$85,470,252$52,522,859$274,408,204
96$464,580,314$89,574,418$54,198,498$300,326,328
97$511,880,988$93,877,045$55,927,629$328,807,499
98$564,003,604$98,387,776$57,711,960$360,109,864
99$621,439,916$103,116,722$59,553,255$394,517,761
100$684,731,832$108,074,486$61,453,334$432,344,384