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%14.2%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,559,282
2 years$813,526$798,375$783,691$769,454$755,645$727,956
3 years$536,964$521,747$507,100$492,997$479,412$452,469
4 years$398,709$383,539$369,039$355,176$341,921$315,931
5 years$315,778$300,700$286,390$272,810$259,923$234,960
6 years$260,509$245,544$231,445$218,168$205,668$181,762
7 years$221,047$206,207$192,332$179,368$167,263$144,419
8 years$191,463$176,758$163,113$150,467$138,761$116,975
9 years$168,466$153,899$140,489$128,165$116,857$96,116
10 years$150,079$135,655$122,482$110,479$99,568$79,854
11 years$135,045$120,765$107,831$96,150$85,632$66,924
12 years$122,526$108,393$95,697$84,337$74,207$56,480
13 years$111,940$97,955$85,499$74,457$64,710$47,936
14 years$102,875$89,039$76,821$66,094$56,724$40,875
15 years$95,026$81,338$69,359$58,944$49,944$34,990
16 years$88,165$74,626$62,885$52,778$44,141$30,048
17 years$82,117$68,728$57,222$47,421$39,138$25,876
18 years$76,747$63,508$52,237$42,736$34,800$22,334
19 years$71,948$58,858$47,820$38,615$31,018$19,314
20 years$67,634$54,694$43,887$34,974$27,706$16,731
21 years$63,736$50,945$40,367$31,741$24,794$14,514
22 years$60,197$47,556$37,205$28,860$22,224$12,607
23 years$56,971$44,478$34,352$26,283$19,950$10,962
24 years$54,018$41,673$31,770$23,972$17,931$9,540
25 years$51,305$39,108$29,425$21,892$16,135$8,309
26 years$48,805$36,755$27,290$20,017$14,534$7,242
27 years$46,495$34,591$25,342$18,322$13,104$6,316
28 years$44,353$32,595$23,558$16,787$11,824$5,511
29 years$42,362$30,749$21,923$15,394$10,676$4,811
30 years$40,508$29,040$20,420$14,128$9,647$4,201
31 years$38,776$27,452$19,037$12,975$8,722$3,670
32 years$37,157$25,975$17,762$11,925$7,889$3,207
33 years$35,638$24,599$16,585$10,966$7,140$2,803
34 years$34,212$23,314$15,496$10,090$6,464$2,451
35 years$32,870$22,113$14,487$9,288$5,855$2,143
36 years$31,606$20,989$13,553$8,554$5,305$1,875
37 years$30,413$19,934$12,685$7,881$4,808$1,640
38 years$29,285$18,945$11,879$7,264$4,359$1,435
39 years$28,218$18,015$11,129$6,698$3,953$1,255
40 years$27,206$17,139$10,432$6,178$3,585$1,098
41 years$26,247$16,315$9,781$5,700$3,253$961
42 years$25,336$15,538$9,175$5,260$2,952$841
43 years$24,469$14,805$8,610$4,856$2,679$736
44 years$23,644$14,112$8,082$4,484$2,431$644
45 years$22,858$13,457$7,589$4,141$2,207$564
46 years$22,108$12,837$7,127$3,825$2,004$494
47 years$21,393$12,251$6,696$3,534$1,820$432
48 years$20,709$11,695$6,292$3,265$1,653$378
49 years$20,055$11,168$5,914$3,018$1,501$331
50 years$19,429$10,668$5,560$2,789$1,363$290

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 $2,588 every year, while hoping to spend $59,572 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: 59/30/11 Blend
63$19,900,000$19,900,000$19,900,000$19,900,000
64$21,932,470$20,877,770$20,569,320$23,168,500
65$24,106,197$21,837,396$21,195,008$24,960,130
66$26,499,649$22,842,048$21,839,660$26,905,912
67$29,135,173$23,893,868$22,503,848$29,026,155
68$32,037,396$24,995,103$23,188,162$31,337,644
69$35,233,454$26,148,107$23,893,210$33,858,833
70$38,753,250$27,355,348$24,619,616$36,610,012
71$42,629,734$28,619,412$25,368,026$39,613,492
72$46,899,214$29,943,011$26,139,102$42,893,808
73$51,601,701$31,328,985$26,933,528$46,477,945
74$56,781,282$32,780,313$27,752,009$50,395,589
75$62,486,541$34,300,117$28,595,270$54,679,390
76$68,771,014$35,891,668$29,464,057$59,365,271
77$75,693,695$37,558,397$30,359,140$64,492,758
78$83,319,592$39,303,899$31,281,312$70,105,338
79$91,720,343$41,131,943$32,231,389$76,250,868
80$100,974,888$43,046,478$33,210,210$82,982,012
81$111,170,217$45,051,647$34,218,643$90,356,731
82$122,402,191$47,151,789$35,257,579$98,438,820
83$134,776,444$49,351,455$36,327,937$107,298,495
84$148,409,380$51,655,416$37,430,663$117,013,052
85$163,429,277$54,068,672$38,566,730$127,667,577
86$179,977,491$56,596,464$39,737,143$139,355,741
87$198,209,794$59,244,289$40,942,936$152,180,671
88$218,297,841$62,017,908$42,185,172$166,255,909
89$240,430,794$64,923,359$43,464,949$181,706,470
90$264,817,105$67,966,974$44,783,395$198,670,005
91$291,686,485$71,155,391$46,141,674$217,298,090
92$321,292,070$74,495,568$47,540,984$237,757,635
93$353,912,812$77,994,801$48,982,557$260,232,445
94$389,856,111$81,660,739$50,467,665$284,924,939
95$429,460,719$85,501,400$51,997,617$312,058,037
96$473,099,935$89,525,191$53,573,759$341,877,250
97$521,185,128$93,740,925$55,197,480$374,652,976
98$574,169,624$98,157,844$56,870,209$410,683,027
99$632,552,983$102,785,635$58,593,418$450,295,425
100$696,885,714$107,634,458$60,368,624$493,851,469