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

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,532,001
2 years$801,262$786,339$771,877$757,855$744,253$713,222
3 years$528,869$513,882$499,455$485,565$472,185$442,021
4 years$392,699$377,757$363,476$349,822$336,766$307,701
5 years$311,018$296,166$282,072$268,697$256,004$228,121
6 years$256,582$241,842$227,956$214,879$202,567$175,897
7 years$217,714$203,099$189,433$176,664$164,742$139,290
8 years$188,577$174,093$160,654$148,199$136,669$112,428
9 years$165,926$151,579$138,371$126,233$115,095$92,050
10 years$147,817$133,610$120,635$108,814$98,067$76,195
11 years$133,009$118,945$106,205$94,701$84,341$63,616
12 years$120,678$106,759$94,254$83,065$73,088$53,480
13 years$110,253$96,479$84,210$73,334$63,734$45,210
14 years$101,324$87,696$75,663$65,098$55,869$38,395
15 years$93,593$80,112$68,314$58,056$49,191$32,731
16 years$86,835$73,501$61,936$51,983$43,475$27,990
17 years$80,879$67,692$56,360$46,706$38,548$24,000
18 years$75,590$62,550$51,449$42,092$34,275$20,624
19 years$70,863$57,971$47,099$38,033$30,550$17,757
20 years$66,614$53,870$43,225$34,446$27,288$15,313
21 years$62,775$50,177$39,759$31,262$24,420$13,224
22 years$59,290$46,839$36,644$28,425$21,889$11,433
23 years$56,112$43,807$33,834$25,887$19,649$9,895
24 years$53,204$41,045$31,291$23,610$17,661$8,571
25 years$50,532$38,518$28,982$21,562$15,892$7,430
26 years$48,070$36,201$26,879$19,715$14,315$6,445
27 years$45,794$34,069$24,960$18,046$12,906$5,593
28 years$43,684$32,103$23,203$16,534$11,645$4,857
29 years$41,724$30,286$21,592$15,162$10,516$4,219
30 years$39,897$28,602$20,113$13,915$9,501$3,666
31 years$38,192$27,038$18,750$12,780$8,590$3,187
32 years$36,596$25,584$17,494$11,745$7,770$2,771
33 years$35,101$24,228$16,335$10,800$7,032$2,410
34 years$33,696$22,963$15,262$9,937$6,367$2,096
35 years$32,375$21,780$14,269$9,148$5,767$1,824
36 years$31,129$20,672$13,348$8,425$5,225$1,587
37 years$29,954$19,634$12,494$7,763$4,736$1,381
38 years$28,843$18,659$11,700$7,155$4,293$1,202
39 years$27,792$17,743$10,962$6,597$3,893$1,047
40 years$26,796$16,881$10,274$6,085$3,531$911
41 years$25,851$16,069$9,634$5,614$3,204$793
42 years$24,954$15,304$9,037$5,181$2,907$691
43 years$24,100$14,581$8,480$4,783$2,638$601
44 years$23,288$13,899$7,960$4,416$2,395$524
45 years$22,513$13,254$7,474$4,078$2,174$456
46 years$21,775$12,644$7,020$3,767$1,974$397
47 years$21,070$12,066$6,595$3,481$1,792$346
48 years$20,397$11,519$6,198$3,216$1,628$301
49 years$19,753$11,000$5,825$2,972$1,478$262
50 years$19,136$10,507$5,477$2,747$1,343$228

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 $2,337 every year, while hoping to spend $42,767 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: 62/22/16 Blend
63$19,600,000$19,600,000$19,600,000$19,600,000
64$21,601,611$20,562,811$20,259,011$22,854,409
65$23,759,471$21,524,885$20,892,184$24,659,278
66$26,136,000$22,532,667$21,545,135$26,623,679
67$28,753,456$23,588,352$22,218,481$28,767,123
68$31,636,368$24,694,240$22,912,859$31,107,004
69$34,811,764$25,852,744$23,628,926$33,662,454
70$38,309,427$27,066,392$24,367,359$36,454,520
71$42,162,179$28,337,835$25,128,855$39,506,351
72$46,406,184$29,669,852$25,914,135$42,843,419
73$51,081,297$31,065,357$26,723,941$46,493,748
74$56,231,434$32,527,405$27,559,038$50,488,177
75$61,904,991$34,059,198$28,420,216$54,860,640
76$68,155,296$35,664,094$29,308,289$59,648,483
77$75,041,116$37,345,614$30,224,096$64,892,810
78$82,627,209$39,107,450$31,168,503$70,638,861
79$90,984,939$40,953,469$32,142,403$76,936,436
80$100,192,945$42,887,732$33,146,716$83,840,351
81$110,337,885$44,914,490$34,182,390$91,410,956
82$121,515,255$47,038,205$35,250,406$99,714,687
83$133,830,288$49,263,554$36,351,771$108,824,690
84$147,398,949$51,595,440$37,487,527$118,821,503
85$162,349,030$54,039,005$38,658,748$129,793,800
86$178,821,354$56,599,639$39,866,538$141,839,225
87$196,971,106$59,282,995$41,112,041$155,065,301
88$216,969,296$62,094,999$42,396,432$169,590,431
89$239,004,377$65,041,867$43,720,925$185,545,008
90$263,284,018$68,130,113$45,086,771$203,072,632
91$290,037,071$71,366,572$46,495,261$222,331,452
92$319,515,725$74,758,406$47,947,724$243,495,649
93$351,997,890$78,313,129$49,445,534$266,757,063
94$387,789,819$82,038,618$50,990,105$292,326,991
95$427,229,003$85,943,131$52,582,895$320,438,166
96$470,687,348$90,035,332$54,225,409$351,346,939
97$518,574,696$94,324,302$55,919,199$385,335,681
98$571,342,687$98,819,564$57,665,863$422,715,435
99$629,489,023$103,531,105$59,467,052$463,828,829
100$693,562,172$108,469,397$61,324,466$509,053,294