Can I retire at age 64 with 19,800,000?

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,566,305
2 years$809,438$794,363$779,753$765,588$751,848$739,172
3 years$534,265$519,125$504,552$490,519$477,003$464,619
4 years$396,706$381,612$367,185$353,392$340,203$328,206
5 years$314,192$299,188$284,950$271,439$258,617$247,042
6 years$259,200$244,310$230,282$217,072$204,634$193,497
7 years$219,936$205,171$191,366$178,467$166,423$155,727
8 years$190,501$175,869$162,293$149,711$138,064$127,811
9 years$167,619$153,126$139,783$127,521$116,270$106,456
10 years$149,325$134,973$121,866$109,924$99,067$89,687
11 years$134,366$120,159$107,289$95,667$85,201$76,248
12 years$121,910$107,848$95,216$83,913$73,834$65,298
13 years$111,378$97,463$85,069$74,082$64,384$56,258
14 years$102,358$88,591$76,435$65,762$56,439$48,712
15 years$94,548$80,930$69,011$58,648$49,693$42,355
16 years$87,721$74,251$62,569$52,513$43,919$36,957
17 years$81,704$68,383$56,935$47,183$38,942$32,345
18 years$76,361$63,189$51,974$42,521$34,625$28,382
19 years$71,586$58,563$47,580$38,421$30,862$24,959
20 years$67,294$54,419$43,666$34,798$27,567$21,992
21 years$63,416$50,689$40,165$31,581$24,669$19,409
22 years$59,895$47,317$37,018$28,715$22,112$17,155
23 years$56,685$44,254$34,179$26,151$19,849$15,182
24 years$53,746$41,463$31,610$23,851$17,841$13,451
25 years$51,047$38,911$29,277$21,782$16,054$11,929
26 years$48,560$36,570$27,153$19,917$14,461$10,589
27 years$46,261$34,417$25,214$18,230$13,038$9,406
28 years$44,130$32,431$23,440$16,703$11,764$8,361
29 years$42,149$30,595$21,813$15,317$10,623$7,436
30 years$40,304$28,894$20,318$14,057$9,598$6,617
31 years$38,582$27,314$18,942$12,910$8,678$5,891
32 years$36,970$25,845$17,673$11,865$7,850$5,247
33 years$35,459$24,475$16,501$10,911$7,104$4,675
34 years$34,040$23,197$15,418$10,039$6,432$4,167
35 years$32,705$22,002$14,415$9,241$5,826$3,715
36 years$31,447$20,883$13,485$8,511$5,278$3,313
37 years$30,260$19,834$12,621$7,842$4,784$2,955
38 years$29,138$18,850$11,819$7,228$4,337$2,636
39 years$28,076$17,924$11,073$6,664$3,933$2,352
40 years$27,070$17,053$10,379$6,147$3,567$2,099
41 years$26,115$16,233$9,732$5,671$3,236$1,874
42 years$25,208$15,460$9,129$5,234$2,937$1,673
43 years$24,346$14,730$8,567$4,832$2,665$1,493
44 years$23,525$14,041$8,041$4,461$2,419$1,334
45 years$22,743$13,389$7,550$4,120$2,196$1,191
46 years$21,997$12,773$7,092$3,806$1,994$1,063
47 years$21,285$12,189$6,662$3,516$1,811$950
48 years$20,605$11,636$6,261$3,249$1,644$848
49 years$19,954$11,112$5,885$3,003$1,493$758
50 years$19,332$10,615$5,533$2,775$1,357$677

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $19,800,000, adding $6,085 every year, while hoping to spend $40,449 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: 52/40/8 Blend
63$19,800,000$19,800,000$19,800,000$19,800,000
64$21,825,877$20,776,477$20,469,577$22,916,862
65$24,009,079$21,751,487$21,112,270$24,633,890
66$26,413,612$22,772,916$21,775,138$26,495,284
67$29,062,008$23,842,998$22,458,814$28,518,559
68$31,979,099$24,964,071$23,163,950$30,718,980
69$35,192,246$26,138,588$23,891,221$33,113,312
70$38,731,598$27,369,123$24,641,320$35,719,969
71$42,630,382$28,658,370$25,414,965$38,559,180
72$46,925,208$30,009,158$26,212,893$41,653,173
73$51,656,422$31,424,450$27,035,868$45,026,375
74$56,868,483$32,907,353$27,884,675$48,705,631
75$62,610,382$34,461,127$28,760,126$52,720,450
76$68,936,106$36,089,187$29,663,055$57,103,270
77$75,905,146$37,795,115$30,594,325$61,889,757
78$83,583,062$39,582,667$31,554,826$67,119,129
79$92,042,097$41,455,780$32,545,475$72,834,512
80$101,361,860$43,418,582$33,567,217$79,083,337
81$111,630,081$45,475,403$34,621,030$85,917,772
82$122,943,433$47,630,782$35,707,918$93,395,204
83$135,408,450$49,889,477$36,828,921$101,578,763
84$149,142,530$52,256,480$37,985,107$110,537,906
85$164,275,042$54,737,021$39,177,582$120,349,054
86$180,948,549$57,336,589$40,407,485$131,096,298
87$199,320,154$60,060,934$41,675,988$142,872,173
88$219,562,981$62,916,091$42,984,305$155,778,520
89$241,867,809$65,908,384$44,333,683$169,927,420
90$266,444,876$69,044,445$45,725,412$185,442,237
91$293,525,861$72,331,230$47,160,820$202,458,760
92$323,366,069$75,776,030$48,641,278$221,126,464
93$356,246,846$79,386,494$50,168,200$241,609,897
94$392,478,232$83,170,640$51,743,042$264,090,210
95$432,401,887$87,136,877$53,367,309$288,766,839
96$476,394,318$91,294,022$55,042,552$315,859,368
97$524,870,430$95,651,321$56,770,369$345,609,565
98$578,287,449$100,218,470$58,552,412$378,283,644
99$637,149,231$105,005,637$60,390,379$414,174,742
100$702,011,023$110,023,484$62,286,028$453,605,657