Can I retire at age 64 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,548,069
2 years$805,350$790,351$775,815$761,721$748,050$725,091
3 years$531,567$516,503$502,004$488,042$474,594$452,225
4 years$394,702$379,685$365,330$351,607$338,484$316,879
5 years$312,605$297,677$283,511$270,068$257,310$236,531
6 years$257,891$243,076$229,119$215,975$203,601$183,672
7 years$218,825$204,135$190,399$177,565$165,582$146,510
8 years$189,539$174,981$161,474$148,955$137,366$119,149
9 years$166,773$152,353$139,077$126,877$115,682$98,310
10 years$148,571$134,291$121,251$109,369$98,567$82,028
11 years$133,688$119,552$106,747$95,184$84,771$69,047
12 years$121,294$107,303$94,735$83,489$73,461$58,535
13 years$110,815$96,971$84,640$73,708$64,059$49,910
14 years$101,841$88,144$76,049$65,430$56,154$42,759
15 years$94,071$80,521$68,662$58,352$49,442$36,778
16 years$87,278$73,876$62,253$52,248$43,697$31,739
17 years$81,291$68,037$56,647$46,944$38,745$27,468
18 years$75,975$62,870$51,712$42,306$34,450$23,828
19 years$71,225$58,267$47,339$38,227$30,706$20,713
20 years$66,954$54,144$43,446$34,622$27,427$18,037
21 years$63,095$50,433$39,962$31,422$24,544$15,730
22 years$59,592$47,078$36,831$28,570$22,001$13,736
23 years$56,398$44,031$34,007$26,019$19,749$12,008
24 years$53,475$41,254$31,451$23,731$17,751$10,508
25 years$50,790$38,715$29,130$21,672$15,973$9,203
26 years$48,315$36,386$27,016$19,816$14,388$8,066
27 years$46,027$34,243$25,087$18,138$12,972$7,074
28 years$43,907$32,267$23,322$16,618$11,705$6,208
29 years$41,936$30,440$21,703$15,239$10,569$5,450
30 years$40,101$28,748$20,215$13,986$9,550$4,787
31 years$38,387$27,176$18,846$12,845$8,634$4,206
32 years$36,783$25,714$17,584$11,805$7,810$3,697
33 years$35,280$24,352$16,418$10,856$7,068$3,251
34 years$33,868$23,080$15,340$9,988$6,399$2,859
35 years$32,540$21,891$14,342$9,195$5,796$2,515
36 years$31,288$20,778$13,416$8,468$5,252$2,212
37 years$30,107$19,734$12,558$7,802$4,760$1,947
38 years$28,991$18,754$11,760$7,191$4,315$1,713
39 years$27,934$17,834$11,017$6,631$3,913$1,508
40 years$26,933$16,967$10,327$6,116$3,549$1,328
41 years$25,983$16,151$9,683$5,643$3,220$1,169
42 years$25,081$15,382$9,083$5,208$2,922$1,029
43 years$24,223$14,656$8,523$4,807$2,652$906
44 years$23,406$13,970$8,001$4,439$2,407$798
45 years$22,628$13,322$7,512$4,099$2,185$703
46 years$21,886$12,708$7,056$3,787$1,984$619
47 years$21,178$12,128$6,629$3,498$1,802$545
48 years$20,501$11,577$6,229$3,233$1,636$480
49 years$19,854$11,056$5,855$2,987$1,486$423
50 years$19,234$10,561$5,505$2,761$1,350$372

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $19,700,000, adding $4,054 every year, while hoping to spend $41,426 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: 48/33/19 Blend
63$19,700,000$19,700,000$19,700,000$19,700,000
64$21,713,582$20,669,482$20,364,132$22,639,274
65$23,884,290$21,638,209$21,002,253$24,251,592
66$26,275,022$22,653,016$21,660,363$25,996,818
67$28,908,177$23,716,117$22,339,088$27,891,045
68$31,808,436$24,829,831$23,039,073$29,948,259
69$35,002,998$25,996,595$23,760,983$32,183,820
70$38,521,834$27,218,957$24,505,505$34,614,599
71$42,397,969$28,499,594$25,273,348$37,259,131
72$46,667,798$29,841,310$26,065,241$40,137,781
73$51,371,424$31,247,046$26,881,938$43,272,928
74$56,553,040$32,719,882$27,724,214$46,689,169
75$62,261,347$34,263,052$28,592,871$50,413,539
76$68,550,007$35,879,945$29,488,735$54,475,760
77$75,478,157$37,574,112$30,412,657$58,908,510
78$83,110,964$39,349,278$31,365,517$63,747,721
79$91,520,240$41,209,350$32,348,219$69,032,910
80$100,785,119$43,158,423$33,361,698$74,807,535
81$110,992,804$45,200,789$34,406,918$81,119,401
82$122,239,393$47,340,950$35,484,873$88,021,092
83$134,630,781$49,583,627$36,596,586$95,570,458
84$148,283,665$51,933,769$37,743,116$103,831,148
85$163,326,640$54,396,564$38,925,552$112,873,194
86$179,901,416$56,977,455$40,145,017$122,773,659
87$198,164,157$59,682,147$41,402,671$133,617,352
88$218,286,951$62,516,622$42,699,710$145,497,604
89$240,459,436$65,487,152$44,037,367$158,517,142
90$264,890,591$68,600,316$45,416,912$172,789,033
91$291,810,710$71,863,010$46,839,657$188,437,739
92$321,473,572$75,282,466$48,306,954$205,600,267
93$354,158,837$78,866,268$49,820,198$224,427,448
94$390,174,691$82,622,368$51,380,827$245,085,332
95$429,860,749$86,559,104$52,990,324$267,756,742
96$473,591,264$90,685,219$54,650,219$292,642,970
97$521,778,661$95,009,882$56,362,089$319,965,655
98$574,877,426$99,542,708$58,127,561$349,968,851
99$633,388,402$104,293,779$59,948,313$382,921,303
100$697,863,512$109,273,667$61,826,074$419,118,956