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%12.2%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,572,245
2 years$813,526$798,375$783,691$769,454$755,645$740,926
3 years$536,964$521,747$507,100$492,997$479,412$465,040
4 years$398,709$383,539$369,039$355,176$341,921$328,005
5 years$315,778$300,700$286,390$272,810$259,923$246,505
6 years$260,509$245,544$231,445$218,168$205,668$192,765
7 years$221,047$206,207$192,332$179,368$167,263$154,881
8 years$191,463$176,758$163,113$150,467$138,761$126,898
9 years$168,466$153,899$140,489$128,165$116,857$105,510
10 years$150,079$135,655$122,482$110,479$99,568$88,731
11 years$135,045$120,765$107,831$96,150$85,632$75,295
12 years$122,526$108,393$95,697$84,337$74,207$64,361
13 years$111,940$97,955$85,499$74,457$64,710$55,343
14 years$102,875$89,039$76,821$66,094$56,724$47,825
15 years$95,026$81,338$69,359$58,944$49,944$41,500
16 years$88,165$74,626$62,885$52,778$44,141$36,137
17 years$82,117$68,728$57,222$47,421$39,138$31,561
18 years$76,747$63,508$52,237$42,736$34,800$27,635
19 years$71,948$58,858$47,820$38,615$31,018$24,250
20 years$67,634$54,694$43,887$34,974$27,706$21,320
21 years$63,736$50,945$40,367$31,741$24,794$18,775
22 years$60,197$47,556$37,205$28,860$22,224$16,558
23 years$56,971$44,478$34,352$26,283$19,950$14,620
24 years$54,018$41,673$31,770$23,972$17,931$12,923
25 years$51,305$39,108$29,425$21,892$16,135$11,434
26 years$48,805$36,755$27,290$20,017$14,534$10,125
27 years$46,495$34,591$25,342$18,322$13,104$8,973
28 years$44,353$32,595$23,558$16,787$11,824$7,957
29 years$42,362$30,749$21,923$15,394$10,676$7,060
30 years$40,508$29,040$20,420$14,128$9,647$6,267
31 years$38,776$27,452$19,037$12,975$8,722$5,566
32 years$37,157$25,975$17,762$11,925$7,889$4,945
33 years$35,638$24,599$16,585$10,966$7,140$4,395
34 years$34,212$23,314$15,496$10,090$6,464$3,907
35 years$32,870$22,113$14,487$9,288$5,855$3,475
36 years$31,606$20,989$13,553$8,554$5,305$3,091
37 years$30,413$19,934$12,685$7,881$4,808$2,750
38 years$29,285$18,945$11,879$7,264$4,359$2,447
39 years$28,218$18,015$11,129$6,698$3,953$2,178
40 years$27,206$17,139$10,432$6,178$3,585$1,939
41 years$26,247$16,315$9,781$5,700$3,253$1,726
42 years$25,336$15,538$9,175$5,260$2,952$1,537
43 years$24,469$14,805$8,610$4,856$2,679$1,369
44 years$23,644$14,112$8,082$4,484$2,431$1,219
45 years$22,858$13,457$7,589$4,141$2,207$1,086
46 years$22,108$12,837$7,127$3,825$2,004$967
47 years$21,393$12,251$6,696$3,534$1,820$861
48 years$20,709$11,695$6,292$3,265$1,653$767
49 years$20,055$11,168$5,914$3,018$1,501$684
50 years$19,429$10,668$5,560$2,789$1,363$609

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 $3,673 every year, while hoping to spend $39,834 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: 37/40/23 Blend
63$19,900,000$19,900,000$19,900,000$19,900,000
64$21,933,589$20,878,889$20,570,439$22,593,433
65$24,128,432$21,859,571$21,217,165$24,056,586
66$26,545,814$22,886,972$21,884,222$25,631,996
67$29,208,391$23,963,338$22,572,248$27,332,916
68$32,141,131$25,091,026$23,281,903$29,170,670
69$35,371,546$26,272,506$24,013,866$31,157,674
70$38,929,951$27,510,366$24,768,838$33,307,544
71$42,849,755$28,807,322$25,547,542$35,635,211
72$47,167,770$30,166,222$26,350,726$38,157,058
73$51,924,564$31,590,048$27,179,157$40,891,061
74$57,164,841$33,081,931$28,033,629$43,856,949
75$62,937,860$34,645,152$28,914,961$47,076,379
76$69,297,907$36,283,149$29,823,998$50,573,129
77$76,304,801$37,999,531$30,761,609$54,373,311
78$84,024,461$39,798,078$31,728,693$58,505,602
79$92,529,528$41,682,756$32,726,177$63,001,506
80$101,900,052$43,657,723$33,755,015$67,895,633
81$112,224,242$45,727,337$34,816,194$73,226,014
82$123,599,308$47,896,169$35,910,729$79,034,445
83$136,132,368$50,169,012$37,039,669$85,366,861
84$149,941,467$52,550,891$38,204,095$92,273,761
85$165,156,687$55,047,075$39,405,123$99,810,661
86$181,921,377$57,663,090$40,643,903$108,038,602
87$200,393,505$60,404,729$41,921,621$117,024,705
88$220,747,149$63,278,067$43,239,502$126,842,791
89$243,174,140$66,289,474$44,598,807$137,574,050
90$267,885,874$69,445,630$46,000,838$149,307,788
91$295,115,305$72,753,538$47,446,939$162,142,248
92$325,119,149$76,220,543$48,938,493$176,185,515
93$358,180,300$79,854,348$50,476,931$191,556,508
94$394,610,506$83,663,027$52,063,724$208,386,078
95$434,753,312$87,655,050$53,700,393$226,818,217
96$478,987,300$91,839,297$55,388,506$247,011,385
97$527,729,662$96,225,080$57,129,678$269,139,983
98$581,440,143$100,822,164$58,925,578$293,395,960
99$640,625,378$105,640,791$60,777,925$319,990,597
100$705,843,674$110,691,698$62,688,494$349,156,467