Can I retire at age 64 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,504,580
2 years$797,174$782,328$767,939$753,988$740,456$690,174
3 years$526,170$511,260$496,907$483,087$469,776$421,168
4 years$390,695$375,830$361,621$348,037$335,048$288,486
5 years$309,431$294,655$280,633$267,326$254,698$210,307
6 years$255,273$240,608$226,793$213,783$201,534$159,350
7 years$216,603$202,062$188,466$175,763$163,901$123,920
8 years$187,615$173,205$159,834$147,443$135,972$98,165
9 years$165,080$150,806$137,665$125,589$114,508$78,832
10 years$147,062$132,928$120,020$108,259$97,566$63,967
11 years$132,330$118,338$105,663$94,217$83,910$52,324
12 years$120,063$106,214$93,774$82,641$72,715$43,073
13 years$109,690$95,986$83,780$72,960$63,409$35,638
14 years$100,807$87,249$75,277$64,766$55,584$29,607
15 years$93,116$79,703$67,965$57,760$48,940$24,679
16 years$86,392$73,126$61,620$51,717$43,254$20,628
17 years$80,466$67,347$56,072$46,468$38,352$17,281
18 years$75,204$62,231$51,187$41,877$34,101$14,503
19 years$70,501$57,675$46,859$37,839$30,395$12,191
20 years$66,274$53,595$43,005$34,271$27,149$10,261
21 years$62,455$49,921$39,556$31,103$24,295$8,646
22 years$58,987$46,600$36,457$28,280$21,777$7,292
23 years$55,826$43,584$33,662$25,755$19,549$6,154
24 years$52,932$40,835$31,131$23,490$17,571$5,197
25 years$50,274$38,322$28,834$21,452$15,811$4,392
26 years$47,824$36,016$26,742$19,615$14,242$3,713
27 years$45,560$33,896$24,832$17,954$12,840$3,140
28 years$43,461$31,940$23,085$16,450$11,586$2,656
29 years$41,511$30,131$21,482$15,085$10,462$2,247
30 years$39,694$28,456$20,010$13,844$9,453$1,902
31 years$37,997$26,900$18,655$12,715$8,546$1,610
32 years$36,410$25,453$17,405$11,685$7,731$1,363
33 years$34,922$24,105$16,251$10,745$6,996$1,155
34 years$33,524$22,846$15,184$9,887$6,334$978
35 years$32,209$21,669$14,196$9,101$5,737$828
36 years$30,971$20,567$13,280$8,382$5,198$702
37 years$29,801$19,534$12,430$7,723$4,711$594
38 years$28,696$18,564$11,640$7,118$4,271$503
39 years$27,651$17,653$10,906$6,564$3,873$427
40 years$26,660$16,795$10,222$6,054$3,513$361
41 years$25,719$15,987$9,585$5,585$3,187$306
42 years$24,826$15,226$8,991$5,155$2,892$259
43 years$23,977$14,507$8,437$4,758$2,625$220
44 years$23,169$13,828$7,919$4,394$2,383$186
45 years$22,399$13,186$7,436$4,058$2,163$158
46 years$21,664$12,579$6,984$3,748$1,964$134
47 years$20,963$12,005$6,561$3,463$1,783$113
48 years$20,293$11,460$6,166$3,200$1,619$96
49 years$19,652$10,944$5,796$2,957$1,471$81
50 years$19,039$10,454$5,449$2,733$1,336$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $19,500,000, adding $3,379 every year, while hoping to spend $33,950 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: 45/35/20 Blend
63$19,500,000$19,500,000$19,500,000$19,500,000
64$21,492,485$20,458,985$20,156,735$22,335,794
65$23,648,596$21,425,353$20,795,864$23,894,682
66$26,023,493$22,437,935$21,455,265$25,580,540
67$28,639,455$23,498,960$22,135,582$27,408,054
68$31,521,035$24,610,764$22,837,479$29,390,395
69$34,695,287$25,775,798$23,561,641$31,542,020
70$38,192,024$26,996,630$24,308,774$33,878,803
71$42,044,100$28,275,955$25,079,608$36,418,176
72$46,287,717$29,616,595$25,874,894$39,179,283
73$50,962,770$31,021,514$26,695,408$42,183,156
74$56,113,219$32,493,815$27,541,951$45,452,902
75$61,787,510$34,036,755$28,415,349$49,013,909
76$68,039,027$35,653,747$29,316,454$52,894,082
77$74,926,599$37,348,371$30,246,146$57,124,089
78$82,515,051$39,124,381$31,205,332$61,737,643
79$90,875,824$40,985,712$32,194,947$66,771,810
80$100,087,638$42,936,492$33,215,958$72,267,343
81$110,237,245$44,981,049$34,269,361$78,269,057
82$121,420,244$47,123,920$35,356,184$84,826,238
83$133,741,980$49,369,864$36,477,488$91,993,093
84$147,318,545$51,723,870$37,634,367$99,829,251
85$162,277,869$54,191,172$38,827,950$108,400,306
86$178,760,928$56,777,255$40,059,403$117,778,424
87$196,923,076$59,487,874$41,329,926$128,043,007
88$216,935,512$62,329,063$42,640,761$139,281,423
89$238,986,895$65,307,147$43,993,187$151,589,816
90$263,285,123$68,428,762$45,388,524$165,073,992
91$290,059,301$71,700,866$46,828,134$179,850,399
92$319,561,895$75,130,755$48,313,423$196,047,206
93$352,071,126$78,726,079$49,845,839$213,805,490
94$387,893,586$82,494,862$51,426,880$233,280,547
95$427,367,140$86,445,519$53,058,089$254,643,333
96$470,864,112$90,586,873$54,741,059$278,082,050
97$518,794,799$94,928,177$56,477,432$303,803,903
98$571,611,346$99,479,135$58,268,903$332,037,024
99$629,812,014$104,249,924$60,117,223$363,032,599
100$693,945,884$109,251,215$62,024,194$397,067,209