Can I retire at age 64 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,508,077
2 years$801,262$786,339$771,877$757,855$744,253$689,564
3 years$528,869$513,882$499,455$485,565$472,185$419,380
4 years$392,699$377,757$363,476$349,822$336,766$286,249
5 years$311,018$296,166$282,072$268,697$256,004$207,907
6 years$256,582$241,842$227,956$214,879$202,567$156,927
7 years$217,714$203,099$189,433$176,664$164,742$121,549
8 years$188,577$174,093$160,654$148,199$136,669$95,890
9 years$165,926$151,579$138,371$126,233$115,095$76,676
10 years$147,817$133,610$120,635$108,814$98,067$61,943
11 years$133,009$118,945$106,205$94,701$84,341$50,439
12 years$120,678$106,759$94,254$83,065$73,088$41,328
13 years$110,253$96,479$84,210$73,334$63,734$34,032
14 years$101,324$87,696$75,663$65,098$55,869$28,136
15 years$93,593$80,112$68,314$58,056$49,191$23,336
16 years$86,835$73,501$61,936$51,983$43,475$19,407
17 years$80,879$67,692$56,360$46,706$38,548$16,174
18 years$75,590$62,550$51,449$42,092$34,275$13,504
19 years$70,863$57,971$47,099$38,033$30,550$11,291
20 years$66,614$53,870$43,225$34,446$27,288$9,453
21 years$62,775$50,177$39,759$31,262$24,420$7,922
22 years$59,290$46,839$36,644$28,425$21,889$6,645
23 years$56,112$43,807$33,834$25,887$19,649$5,577
24 years$53,204$41,045$31,291$23,610$17,661$4,684
25 years$50,532$38,518$28,982$21,562$15,892$3,936
26 years$48,070$36,201$26,879$19,715$14,315$3,308
27 years$45,794$34,069$24,960$18,046$12,906$2,782
28 years$43,684$32,103$23,203$16,534$11,645$2,340
29 years$41,724$30,286$21,592$15,162$10,516$1,969
30 years$39,897$28,602$20,113$13,915$9,501$1,657
31 years$38,192$27,038$18,750$12,780$8,590$1,395
32 years$36,596$25,584$17,494$11,745$7,770$1,174
33 years$35,101$24,228$16,335$10,800$7,032$988
34 years$33,696$22,963$15,262$9,937$6,367$832
35 years$32,375$21,780$14,269$9,148$5,767$701
36 years$31,129$20,672$13,348$8,425$5,225$590
37 years$29,954$19,634$12,494$7,763$4,736$497
38 years$28,843$18,659$11,700$7,155$4,293$419
39 years$27,792$17,743$10,962$6,597$3,893$353
40 years$26,796$16,881$10,274$6,085$3,531$297
41 years$25,851$16,069$9,634$5,614$3,204$250
42 years$24,954$15,304$9,037$5,181$2,907$211
43 years$24,100$14,581$8,480$4,783$2,638$177
44 years$23,288$13,899$7,960$4,416$2,395$150
45 years$22,513$13,254$7,474$4,078$2,174$126
46 years$21,775$12,644$7,020$3,767$1,974$106
47 years$21,070$12,066$6,595$3,481$1,792$89
48 years$20,397$11,519$6,198$3,216$1,628$75
49 years$19,753$11,000$5,825$2,972$1,478$63
50 years$19,136$10,507$5,477$2,747$1,343$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $19,600,000, adding $4,048 every year, while hoping to spend $24,179 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: 70/6/24 Blend
63$19,600,000$19,600,000$19,600,000$19,600,000
64$21,603,376$20,564,576$20,260,776$22,984,317
65$23,781,194$21,546,513$20,913,785$24,890,525
66$26,180,339$22,575,756$21,587,860$26,973,270
67$28,823,361$23,654,595$22,283,681$29,252,660
68$31,735,109$24,785,436$23,001,950$31,748,188
69$34,942,966$25,970,798$23,743,391$34,481,316
70$38,477,106$27,213,326$24,508,753$37,475,672
71$42,370,783$28,515,791$25,298,808$40,757,275
72$46,660,639$29,881,100$26,114,354$44,354,771
73$51,387,054$31,312,303$26,956,214$48,299,705
74$56,594,524$32,812,597$27,825,238$52,626,814
75$62,332,084$34,385,333$28,722,303$57,374,352
76$68,653,771$36,034,029$29,648,314$62,584,449
77$75,619,130$37,762,370$30,604,207$68,303,503
78$83,293,780$39,574,225$31,590,946$74,582,613
79$91,750,031$41,473,648$32,609,529$81,478,065
80$101,067,569$43,464,891$33,660,983$89,051,848
81$111,334,205$45,552,416$34,746,370$97,372,246
82$122,646,708$47,740,897$35,866,787$106,514,471
83$135,111,712$50,035,242$37,023,364$116,561,372
84$148,846,731$52,440,592$38,217,271$127,604,212
85$163,981,261$54,962,345$39,449,713$139,743,522
86$180,658,006$57,606,156$40,721,935$153,090,051
87$199,034,225$60,377,960$42,035,222$167,765,799
88$219,283,214$63,283,979$43,390,901$183,905,169
89$241,595,947$66,330,739$44,790,341$201,656,228
90$266,182,873$69,525,084$46,234,956$221,182,097
91$293,275,905$72,874,193$47,726,207$242,662,490
92$323,130,612$76,385,593$49,265,599$266,295,399
93$356,028,627$80,067,179$50,854,689$292,298,959
94$392,280,308$83,927,232$52,495,082$320,913,499
95$432,227,669$87,974,435$54,188,437$352,403,808
96$476,247,605$92,217,897$55,936,463$387,061,620
97$524,755,455$96,667,168$57,740,930$425,208,368
98$578,208,920$101,332,268$59,603,659$467,198,204
99$637,112,384$106,223,703$61,526,535$513,421,338
100$702,021,674$111,352,491$63,511,501$564,307,713