Can I retire at age 64 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,500,586
2 years$788,998$774,304$760,063$746,255$732,861$694,394
3 years$520,774$506,016$491,811$478,133$464,957$427,649
4 years$386,688$371,975$357,912$344,468$331,612$295,749
5 years$306,257$291,633$277,755$264,584$252,086$217,768
6 years$252,655$238,140$224,467$211,590$199,467$166,729
7 years$214,382$199,990$186,533$173,960$162,220$131,065
8 years$185,691$171,428$158,195$145,931$134,577$104,991
9 years$163,387$149,259$136,253$124,301$113,333$85,292
10 years$145,554$131,565$118,789$107,148$96,566$70,035
11 years$130,973$117,124$104,580$93,251$83,050$57,992
12 years$118,831$105,124$92,812$81,794$71,969$48,341
13 years$108,565$95,002$82,921$72,212$62,759$40,513
14 years$99,774$86,354$74,505$64,101$55,014$34,102
15 years$92,161$78,886$67,268$57,167$48,438$28,809
16 years$85,506$72,376$60,988$51,187$42,810$24,410
17 years$79,641$66,656$55,497$45,991$37,958$20,735
18 years$74,433$61,593$50,662$41,447$33,751$17,649
19 years$69,778$57,084$46,378$37,451$30,083$15,049
20 years$65,595$53,045$42,564$33,919$26,871$12,851
21 years$61,814$49,409$39,150$30,784$24,046$10,988
22 years$58,382$46,122$36,083$27,990$21,554$9,405
23 years$55,253$43,137$33,316$25,491$19,348$8,057
24 years$52,389$40,416$30,812$23,249$17,390$6,908
25 years$49,758$37,929$28,538$21,232$15,649$5,927
26 years$47,334$35,647$26,468$19,414$14,096$5,087
27 years$45,093$33,548$24,578$17,770$12,709$4,369
28 years$43,015$31,612$22,848$16,281$11,467$3,754
29 years$41,085$29,822$21,262$14,930$10,355$3,226
30 years$39,286$28,164$19,805$13,702$9,356$2,774
31 years$37,607$26,624$18,463$12,584$8,459$2,385
32 years$36,036$25,192$17,227$11,565$7,652$2,052
33 years$34,563$23,857$16,085$10,635$6,925$1,765
34 years$33,180$22,611$15,029$9,785$6,269$1,519
35 years$31,879$21,446$14,051$9,008$5,678$1,307
36 years$30,653$20,356$13,144$8,296$5,145$1,125
37 years$29,496$19,333$12,303$7,644$4,663$968
38 years$28,402$18,374$11,521$7,045$4,228$834
39 years$27,367$17,471$10,794$6,496$3,834$718
40 years$26,386$16,623$10,117$5,992$3,477$618
41 years$25,456$15,823$9,487$5,528$3,155$532
42 years$24,572$15,070$8,899$5,102$2,863$458
43 years$23,731$14,358$8,350$4,710$2,598$394
44 years$22,931$13,686$7,838$4,349$2,358$340
45 years$22,169$13,051$7,360$4,016$2,141$293
46 years$21,442$12,450$6,912$3,710$1,944$252
47 years$20,748$11,881$6,494$3,427$1,765$217
48 years$20,085$11,342$6,103$3,167$1,603$187
49 years$19,450$10,831$5,736$2,927$1,456$161
50 years$18,844$10,347$5,393$2,705$1,322$139

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $19,300,000, adding $4,886 every year, while hoping to spend $57,164 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: 26/48/26 Blend
63$19,300,000$19,300,000$19,300,000$19,300,000
64$21,273,640$20,250,740$19,951,590$21,652,871
65$23,382,729$21,182,204$20,559,146$22,893,304
66$25,705,030$22,157,394$21,185,140$24,218,041
67$28,262,228$23,178,392$21,830,128$25,638,253
68$31,078,223$24,247,381$22,494,684$27,162,042
69$34,179,346$25,366,647$23,179,401$28,798,262
70$37,594,615$26,538,588$23,884,886$30,556,600
71$41,356,004$27,765,718$24,611,768$32,447,649
72$45,498,748$29,050,668$25,360,693$34,483,005
73$50,061,670$30,396,201$26,132,327$36,675,362
74$55,087,555$31,805,210$26,927,354$39,038,619
75$60,623,548$33,280,727$27,746,483$41,588,001
76$66,721,599$34,825,933$28,590,439$44,340,189
77$73,438,957$36,444,158$29,459,974$47,313,466
78$80,838,705$38,138,897$30,355,858$50,527,873
79$88,990,361$39,913,810$31,278,887$54,005,386
80$97,970,528$41,772,737$32,229,879$57,770,105
81$107,863,621$43,719,700$33,209,680$61,848,470
82$118,762,663$45,758,918$34,219,156$66,269,492
83$130,770,161$47,894,811$35,259,204$71,065,007
84$143,999,075$50,132,015$36,330,746$76,269,963
85$158,573,885$52,475,388$37,434,730$81,922,728
86$174,631,763$54,930,024$38,572,136$88,065,431
87$192,323,870$57,501,262$39,743,969$94,744,343
88$211,816,782$60,194,701$40,951,269$102,010,288
89$233,294,060$63,016,208$42,195,103$109,919,103
90$256,957,988$65,971,936$43,476,573$118,532,141
91$283,031,477$69,068,335$44,796,812$127,916,821
92$311,760,170$72,312,165$46,156,987$138,147,245
93$343,414,763$75,710,518$47,558,303$149,304,865
94$378,293,560$79,270,824$49,001,996$161,479,226
95$416,725,284$83,000,875$50,489,344$174,768,781
96$459,072,186$86,908,841$52,021,660$189,281,788
97$505,733,461$91,003,286$53,600,298$205,137,302
98$557,149,017$95,293,191$55,226,651$222,466,261
99$613,803,629$99,787,969$56,902,156$241,412,689
100$676,231,511$104,497,491$58,628,290$262,135,017