Can I retire at age 64 with 19,400,000?

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 $19,400,000?

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 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,508,973
2 years$793,086$778,316$764,001$750,121$736,659$698,599
3 years$523,472$508,638$494,359$480,610$467,367$430,446
4 years$388,691$373,903$359,767$346,252$333,330$297,834
5 years$307,844$293,144$279,194$265,955$253,392$219,419
6 years$253,964$239,374$225,630$212,686$200,500$168,084
7 years$215,493$201,026$187,500$174,861$163,061$132,205
8 years$186,653$172,317$159,015$146,687$135,274$105,967
9 years$164,233$150,033$136,959$124,945$113,921$86,136
10 years$146,308$132,246$119,404$107,703$97,066$70,772
11 years$131,652$117,731$105,121$93,734$83,480$58,640
12 years$119,447$105,669$93,293$82,218$72,342$48,913
13 years$109,128$95,494$83,351$72,586$63,084$41,020
14 years$100,290$86,801$74,891$64,434$55,299$34,552
15 years$92,638$79,295$67,617$57,463$48,689$29,210
16 years$85,949$72,751$61,304$51,452$43,032$24,768
17 years$80,053$67,001$55,784$46,229$38,155$21,054
18 years$74,818$61,912$50,924$41,662$33,926$17,934
19 years$70,140$57,380$46,619$37,645$30,239$15,303
20 years$65,934$53,320$42,784$34,095$27,010$13,078
21 years$62,135$49,665$39,353$30,943$24,171$11,191
22 years$58,685$46,361$36,270$28,135$21,666$9,586
23 years$55,539$43,360$33,489$25,623$19,448$8,219
24 years$52,661$40,626$30,972$23,369$17,481$7,052
25 years$50,016$38,125$28,686$21,342$15,730$6,055
26 years$47,579$35,832$26,605$19,514$14,169$5,202
27 years$45,326$33,722$24,705$17,862$12,774$4,471
28 years$43,238$31,776$22,966$16,365$11,527$3,844
29 years$41,298$29,977$21,372$15,007$10,408$3,307
30 years$39,490$28,310$19,907$13,773$9,404$2,845
31 years$37,802$26,762$18,559$12,649$8,503$2,449
32 years$36,223$25,323$17,316$11,625$7,691$2,108
33 years$34,743$23,981$16,168$10,690$6,961$1,815
34 years$33,352$22,728$15,106$9,836$6,302$1,563
35 years$32,044$21,558$14,123$9,055$5,708$1,346
36 years$30,812$20,461$13,212$8,339$5,172$1,160
37 years$29,648$19,434$12,366$7,683$4,687$999
38 years$28,549$18,469$11,581$7,082$4,249$861
39 years$27,509$17,562$10,850$6,530$3,854$742
40 years$26,523$16,709$10,169$6,023$3,495$639
41 years$25,587$15,905$9,536$5,557$3,171$551
42 years$24,699$15,148$8,945$5,128$2,877$475
43 years$23,854$14,433$8,393$4,734$2,611$409
44 years$23,050$13,757$7,879$4,371$2,370$353
45 years$22,284$13,119$7,398$4,037$2,152$304
46 years$21,553$12,515$6,948$3,729$1,954$262
47 years$20,855$11,943$6,528$3,445$1,774$226
48 years$20,189$11,401$6,134$3,183$1,611$195
49 years$19,551$10,887$5,766$2,942$1,463$168
50 years$18,941$10,400$5,421$2,719$1,329$145

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $19,400,000, adding $6,315 every year, while hoping to spend $45,745 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: 40/42/18 Blend
63$19,400,000$19,400,000$19,400,000$19,400,000
64$21,385,314$20,357,114$20,056,414$22,126,239
65$23,517,944$21,305,940$20,679,631$23,603,994
66$25,866,568$22,299,726$21,322,194$25,196,749
67$28,453,171$23,340,625$21,984,700$26,918,875
68$31,301,977$24,430,898$22,667,769$28,782,162
69$34,439,677$25,572,911$23,372,039$30,799,537
70$37,895,688$26,769,147$24,098,165$32,985,183
71$41,702,421$28,022,208$24,846,827$35,354,659
72$45,895,594$29,334,822$25,618,722$37,925,041
73$50,514,566$30,709,850$26,414,570$40,715,074
74$55,602,708$32,150,289$27,235,115$43,745,334
75$61,207,814$33,659,283$28,081,121$47,038,416
76$67,382,550$35,240,127$28,953,377$50,619,135
77$74,184,952$36,896,275$29,852,698$54,514,746
78$81,678,976$38,631,351$30,779,921$58,755,192
79$89,935,095$40,449,150$31,735,912$63,373,373
80$99,030,971$42,353,655$32,721,562$68,405,442
81$109,052,185$44,349,040$33,737,789$73,891,133
82$120,093,045$46,439,680$34,785,542$79,874,122
83$132,257,475$48,630,164$35,865,797$86,402,421
84$145,659,997$50,925,302$36,979,562$93,528,819
85$160,426,813$53,330,138$38,127,873$101,311,360
86$176,696,994$55,849,960$39,311,802$109,813,878
87$194,623,792$58,490,312$40,532,452$119,106,573
88$214,376,090$61,257,009$41,790,961$129,266,662
89$236,139,994$64,156,145$43,088,501$140,379,084
90$260,120,588$67,194,111$44,426,280$152,537,282
91$286,543,874$70,377,609$45,805,547$165,844,061
92$315,658,901$73,713,664$47,227,585$180,412,537
93$347,740,119$77,209,643$48,693,719$196,367,181
94$383,089,968$80,873,272$50,205,315$213,844,964
95$422,041,732$84,712,650$51,763,780$232,996,630
96$464,962,689$88,736,270$53,370,567$253,988,087
97$512,257,573$92,953,037$55,027,171$277,001,943
98$564,372,399$97,372,290$56,735,135$302,239,205
99$621,798,671$102,003,819$58,496,049$329,921,135
100$685,078,022$106,857,892$60,311,553$360,291,315