Can I retire at age 64 with 19,900,000?

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,547,864
2 years$813,526$798,375$783,691$769,454$755,645$716,604
3 years$536,964$521,747$507,100$492,997$479,412$441,540
4 years$398,709$383,539$369,039$355,176$341,921$305,510
5 years$315,778$300,700$286,390$272,810$259,923$225,074
6 years$260,509$245,544$231,445$218,168$205,668$172,416
7 years$221,047$206,207$192,332$179,368$167,263$135,613
8 years$191,463$176,758$163,113$150,467$138,761$108,698
9 years$168,466$153,899$140,489$128,165$116,857$88,356
10 years$150,079$135,655$122,482$110,479$99,568$72,596
11 years$135,045$120,765$107,831$96,150$85,632$60,151
12 years$122,526$108,393$95,697$84,337$74,207$50,174
13 years$111,940$97,955$85,499$74,457$64,710$42,077
14 years$102,875$89,039$76,821$66,094$56,724$35,443
15 years$95,026$81,338$69,359$58,944$49,944$29,963
16 years$88,165$74,626$62,885$52,778$44,141$25,406
17 years$82,117$68,728$57,222$47,421$39,138$21,596
18 years$76,747$63,508$52,237$42,736$34,800$18,396
19 years$71,948$58,858$47,820$38,615$31,018$15,698
20 years$67,634$54,694$43,887$34,974$27,706$13,415
21 years$63,736$50,945$40,367$31,741$24,794$11,479
22 years$60,197$47,556$37,205$28,860$22,224$9,833
23 years$56,971$44,478$34,352$26,283$19,950$8,431
24 years$54,018$41,673$31,770$23,972$17,931$7,234
25 years$51,305$39,108$29,425$21,892$16,135$6,211
26 years$48,805$36,755$27,290$20,017$14,534$5,336
27 years$46,495$34,591$25,342$18,322$13,104$4,586
28 years$44,353$32,595$23,558$16,787$11,824$3,944
29 years$42,362$30,749$21,923$15,394$10,676$3,392
30 years$40,508$29,040$20,420$14,128$9,647$2,919
31 years$38,776$27,452$19,037$12,975$8,722$2,512
32 years$37,157$25,975$17,762$11,925$7,889$2,163
33 years$35,638$24,599$16,585$10,966$7,140$1,862
34 years$34,212$23,314$15,496$10,090$6,464$1,604
35 years$32,870$22,113$14,487$9,288$5,855$1,381
36 years$31,606$20,989$13,553$8,554$5,305$1,190
37 years$30,413$19,934$12,685$7,881$4,808$1,025
38 years$29,285$18,945$11,879$7,264$4,359$883
39 years$28,218$18,015$11,129$6,698$3,953$761
40 years$27,206$17,139$10,432$6,178$3,585$656
41 years$26,247$16,315$9,781$5,700$3,253$565
42 years$25,336$15,538$9,175$5,260$2,952$487
43 years$24,469$14,805$8,610$4,856$2,679$420
44 years$23,644$14,112$8,082$4,484$2,431$362
45 years$22,858$13,457$7,589$4,141$2,207$312
46 years$22,108$12,837$7,127$3,825$2,004$269
47 years$21,393$12,251$6,696$3,534$1,820$232
48 years$20,709$11,695$6,292$3,265$1,653$200
49 years$20,055$11,168$5,914$3,018$1,501$172
50 years$19,429$10,668$5,560$2,789$1,363$148

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $19,900,000, adding $5,739 every year, while hoping to spend $21,791 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: 84/5/11 Blend
63$19,900,000$19,900,000$19,900,000$19,900,000
64$21,935,720$20,881,020$20,572,570$23,738,916
65$24,149,978$21,881,004$21,238,565$25,919,445
66$26,589,360$22,929,258$21,926,142$28,310,747
67$29,276,805$24,028,122$22,635,998$30,936,867
68$32,237,593$25,180,054$23,368,858$33,821,414
69$35,499,580$26,387,629$24,125,467$36,990,396
70$39,093,462$27,653,548$24,906,595$40,472,457
71$43,053,068$28,980,644$25,713,039$44,299,150
72$47,415,674$30,371,889$26,545,619$48,505,230
73$52,222,358$31,830,397$27,405,182$53,128,983
74$57,518,388$33,359,436$28,292,605$58,212,583
75$63,353,648$34,962,432$29,208,791$63,802,488
76$69,783,108$36,642,979$30,154,674$69,949,880
77$76,867,345$38,404,846$31,131,216$76,711,139
78$84,673,116$40,251,984$32,139,413$84,148,381
79$93,273,982$42,188,540$33,180,292$92,330,036
80$102,751,008$44,218,859$34,254,912$101,331,492
81$113,193,529$46,347,501$35,364,369$111,235,807
82$124,699,987$48,579,246$36,509,794$122,134,488
83$137,378,866$50,919,110$37,692,352$134,128,352
84$151,349,715$53,372,351$38,913,251$147,328,474
85$166,744,274$55,944,484$40,173,732$161,857,237
86$183,707,719$58,641,293$41,475,082$177,849,475
87$202,400,036$61,468,846$42,818,626$195,453,753
88$222,997,523$64,433,503$44,205,734$214,833,758
89$245,694,464$67,541,938$45,637,820$236,169,843
90$270,704,956$70,801,149$47,116,343$259,660,728
91$298,264,932$74,218,476$48,642,811$285,525,367
92$328,634,389$77,801,616$50,218,780$314,005,016
93$362,099,844$81,558,642$51,845,856$345,365,504
94$398,977,035$85,498,023$53,525,699$379,899,735
95$439,613,904$89,628,637$55,260,021$417,930,454
96$484,393,882$93,959,800$57,050,592$459,813,284
97$533,739,507$98,501,280$58,899,236$505,940,082
98$588,116,416$103,263,321$60,807,839$556,742,628
99$648,037,737$108,256,671$62,778,349$612,696,702
100$714,068,937$113,492,598$64,812,774$674,326,563