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%12.3%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,532,103
2 years$793,086$778,316$764,001$750,121$736,659$721,669
3 years$523,472$508,638$494,359$480,610$467,367$452,732
4 years$388,691$373,903$359,767$346,252$333,330$319,163
5 years$307,844$293,144$279,194$265,955$253,392$239,735
6 years$253,964$239,374$225,630$212,686$200,500$187,370
7 years$215,493$201,026$187,500$174,861$163,061$150,462
8 years$186,653$172,317$159,015$146,687$135,274$123,208
9 years$164,233$150,033$136,959$124,945$113,921$102,382
10 years$146,308$132,246$119,404$107,703$97,066$86,048
11 years$131,652$117,731$105,121$93,734$83,480$72,973
12 years$119,447$105,669$93,293$82,218$72,342$62,337
13 years$109,128$95,494$83,351$72,586$63,084$53,568
14 years$100,290$86,801$74,891$64,434$55,299$46,261
15 years$92,638$79,295$67,617$57,463$48,689$40,115
16 years$85,949$72,751$61,304$51,452$43,032$34,908
17 years$80,053$67,001$55,784$46,229$38,155$30,466
18 years$74,818$61,912$50,924$41,662$33,926$26,657
19 years$70,140$57,380$46,619$37,645$30,239$23,375
20 years$65,934$53,320$42,784$34,095$27,010$20,536
21 years$62,135$49,665$39,353$30,943$24,171$18,071
22 years$58,685$46,361$36,270$28,135$21,666$15,925
23 years$55,539$43,360$33,489$25,623$19,448$14,050
24 years$52,661$40,626$30,972$23,369$17,481$12,410
25 years$50,016$38,125$28,686$21,342$15,730$10,972
26 years$47,579$35,832$26,605$19,514$14,169$9,708
27 years$45,326$33,722$24,705$17,862$12,774$8,596
28 years$43,238$31,776$22,966$16,365$11,527$7,617
29 years$41,298$29,977$21,372$15,007$10,408$6,753
30 years$39,490$28,310$19,907$13,773$9,404$5,989
31 years$37,802$26,762$18,559$12,649$8,503$5,315
32 years$36,223$25,323$17,316$11,625$7,691$4,718
33 years$34,743$23,981$16,168$10,690$6,961$4,190
34 years$33,352$22,728$15,106$9,836$6,302$3,722
35 years$32,044$21,558$14,123$9,055$5,708$3,307
36 years$30,812$20,461$13,212$8,339$5,172$2,939
37 years$29,648$19,434$12,366$7,683$4,687$2,613
38 years$28,549$18,469$11,581$7,082$4,249$2,323
39 years$27,509$17,562$10,850$6,530$3,854$2,066
40 years$26,523$16,709$10,169$6,023$3,495$1,837
41 years$25,587$15,905$9,536$5,557$3,171$1,634
42 years$24,699$15,148$8,945$5,128$2,877$1,454
43 years$23,854$14,433$8,393$4,734$2,611$1,294
44 years$23,050$13,757$7,879$4,371$2,370$1,151
45 years$22,284$13,119$7,398$4,037$2,152$1,024
46 years$21,553$12,515$6,948$3,729$1,954$912
47 years$20,855$11,943$6,528$3,445$1,774$811
48 years$20,189$11,401$6,134$3,183$1,611$722
49 years$19,551$10,887$5,766$2,942$1,463$643
50 years$18,941$10,400$5,421$2,719$1,329$572

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 $4,811 every year, while hoping to spend $33,428 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: 69/25/6 Blend
63$19,400,000$19,400,000$19,400,000$19,400,000
64$21,383,763$20,355,563$20,054,863$22,841,214
65$23,529,339$21,317,418$20,691,133$24,767,799
66$25,892,644$22,325,284$21,347,599$26,869,924
67$28,495,851$23,381,380$22,024,900$29,168,409
68$31,363,392$24,488,032$22,723,699$31,682,483
69$34,522,194$25,647,681$23,444,678$34,433,302
70$38,001,924$26,862,884$24,188,542$37,444,141
71$41,835,279$28,136,324$24,956,016$40,740,609
72$46,058,287$29,470,813$25,747,852$44,350,885
73$50,710,649$30,869,300$26,564,822$48,305,980
74$55,836,116$32,334,877$27,407,725$52,640,020
75$61,482,900$33,870,786$28,277,384$57,390,567
76$67,704,128$35,480,426$29,174,648$62,598,961
77$74,558,346$37,167,364$30,100,395$68,310,709
78$82,110,068$38,935,335$31,055,530$74,575,904
79$90,430,389$40,788,261$32,040,984$81,449,689
80$99,597,653$42,730,251$33,057,722$88,992,775
81$109,698,195$44,765,613$34,106,736$97,271,999
82$120,827,151$46,898,869$35,189,052$106,360,951
83$133,089,363$49,134,756$36,305,728$116,340,658
84$146,600,362$51,478,243$37,457,854$127,300,341
85$161,487,464$53,934,542$38,646,557$139,338,242
86$177,890,966$56,509,116$39,872,998$152,562,547
87$195,965,477$59,207,695$41,138,376$167,092,394
88$215,881,372$62,036,288$42,443,927$183,058,986
89$237,826,401$65,001,196$43,790,928$200,606,815
90$262,007,465$68,109,025$45,180,696$219,895,020
91$288,652,565$71,366,706$46,614,587$241,098,869
92$318,012,956$74,781,504$48,094,005$264,411,405
93$350,365,518$78,361,038$49,620,395$290,045,250
94$386,015,372$82,113,300$51,195,249$318,234,599
95$425,298,757$86,046,668$52,820,107$349,237,415
96$468,586,206$90,169,931$54,496,556$383,337,849
97$516,286,045$94,492,303$56,226,237$420,848,900
98$568,848,244$99,023,449$58,010,839$462,115,357
99$626,768,671$103,773,504$59,852,107$507,517,034
100$690,593,765$108,753,095$61,751,842$557,472,331