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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.7%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,562,495
2 years$813,526$798,375$783,691$769,454$755,645$731,163
3 years$536,964$521,747$507,100$492,997$479,412$455,569
4 years$398,709$383,539$369,039$355,176$341,921$318,900
5 years$315,778$300,700$286,390$272,810$259,923$237,790
6 years$260,509$245,544$231,445$218,168$205,668$184,450
7 years$221,047$206,207$192,332$179,368$167,263$146,966
8 years$191,463$176,758$163,113$150,467$138,761$119,382
9 years$168,466$153,899$140,489$128,165$116,857$98,386
10 years$150,079$135,655$122,482$110,479$99,568$81,991
11 years$135,045$120,765$107,831$96,150$85,632$68,930
12 years$122,526$108,393$95,697$84,337$74,207$58,360
13 years$111,940$97,955$85,499$74,457$64,710$49,696
14 years$102,875$89,039$76,821$66,094$56,724$42,518
15 years$95,026$81,338$69,359$58,944$49,944$36,521
16 years$88,165$74,626$62,885$52,778$44,141$31,474
17 years$82,117$68,728$57,222$47,421$39,138$27,199
18 years$76,747$63,508$52,237$42,736$34,800$23,561
19 years$71,948$58,858$47,820$38,615$31,018$20,451
20 years$67,634$54,694$43,887$34,974$27,706$17,782
21 years$63,736$50,945$40,367$31,741$24,794$15,485
22 years$60,197$47,556$37,205$28,860$22,224$13,501
23 years$56,971$44,478$34,352$26,283$19,950$11,785
24 years$54,018$41,673$31,770$23,972$17,931$10,297
25 years$51,305$39,108$29,425$21,892$16,135$9,004
26 years$48,805$36,755$27,290$20,017$14,534$7,879
27 years$46,495$34,591$25,342$18,322$13,104$6,899
28 years$44,353$32,595$23,558$16,787$11,824$6,044
29 years$42,362$30,749$21,923$15,394$10,676$5,298
30 years$40,508$29,040$20,420$14,128$9,647$4,646
31 years$38,776$27,452$19,037$12,975$8,722$4,075
32 years$37,157$25,975$17,762$11,925$7,889$3,576
33 years$35,638$24,599$16,585$10,966$7,140$3,139
34 years$34,212$23,314$15,496$10,090$6,464$2,756
35 years$32,870$22,113$14,487$9,288$5,855$2,420
36 years$31,606$20,989$13,553$8,554$5,305$2,125
37 years$30,413$19,934$12,685$7,881$4,808$1,867
38 years$29,285$18,945$11,879$7,264$4,359$1,640
39 years$28,218$18,015$11,129$6,698$3,953$1,441
40 years$27,206$17,139$10,432$6,178$3,585$1,267
41 years$26,247$16,315$9,781$5,700$3,253$1,113
42 years$25,336$15,538$9,175$5,260$2,952$979
43 years$24,469$14,805$8,610$4,856$2,679$860
44 years$23,644$14,112$8,082$4,484$2,431$756
45 years$22,858$13,457$7,589$4,141$2,207$665
46 years$22,108$12,837$7,127$3,825$2,004$584
47 years$21,393$12,251$6,696$3,534$1,820$514
48 years$20,709$11,695$6,292$3,265$1,653$452
49 years$20,055$11,168$5,914$3,018$1,501$397
50 years$19,429$10,668$5,560$2,789$1,363$349

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 $3,087 every year, while hoping to spend $21,512 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: 64/12/24 Blend
63$19,900,000$19,900,000$19,900,000$19,900,000
64$21,932,984$20,878,284$20,569,834$23,198,943
65$24,147,260$21,878,432$21,236,035$25,053,835
66$26,586,671$22,926,865$21,923,833$27,076,938
67$29,274,158$24,025,928$22,633,928$29,286,910
68$32,235,002$25,178,078$23,367,044$31,702,070
69$35,497,060$26,385,892$24,123,928$34,342,574
70$39,091,032$27,652,073$24,905,352$37,230,607
71$43,050,748$28,979,455$25,712,111$40,390,581
72$47,413,486$30,371,010$26,545,029$43,849,367
73$52,220,327$31,829,855$27,404,953$47,636,542
74$57,516,543$33,359,260$28,292,761$51,784,664
75$63,352,019$34,962,652$29,209,357$56,329,571
76$69,781,730$36,643,628$30,155,676$61,310,722
77$76,866,258$38,405,957$31,132,683$66,771,557
78$84,672,362$40,253,594$32,141,373$72,759,905
79$93,273,609$42,190,687$33,182,775$79,328,429
80$102,751,070$44,221,584$34,257,951$86,535,117
81$113,194,085$46,350,847$35,367,998$94,443,825
82$124,701,103$48,583,259$36,514,047$103,124,870
83$137,380,615$50,923,839$37,697,267$112,655,691
84$151,352,177$53,377,846$38,918,865$123,121,570
85$166,747,539$55,950,800$40,180,087$134,616,430
86$183,711,887$58,648,489$41,482,219$147,243,718
87$202,405,215$61,476,981$42,826,590$161,117,366
88$223,003,837$64,442,643$44,214,570$176,362,867
89$245,702,047$67,552,151$45,647,577$193,118,445
90$270,713,956$70,812,507$47,127,071$211,536,352
91$298,275,515$74,231,055$48,654,563$231,784,299
92$328,646,738$77,815,497$50,231,611$254,047,023
93$362,114,160$81,573,911$51,859,825$278,528,030
94$398,993,541$85,514,769$53,540,866$305,451,496
95$439,632,846$89,646,957$55,276,449$335,064,379
96$484,415,532$93,979,794$57,068,346$367,638,737
97$533,764,167$98,523,054$58,918,386$403,474,281
98$588,144,417$103,286,989$60,828,457$442,901,196
99$648,069,447$108,282,350$62,800,509$486,283,243
100$714,104,759$113,520,415$64,836,555$534,021,181