Can I retire at age 64 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,572,294
2 years$817,615$802,387$787,630$773,321$759,442$736,782
3 years$539,662$524,369$509,648$495,474$481,821$459,741
4 years$400,713$385,467$370,894$356,961$343,639$322,308
5 years$317,365$302,211$287,829$274,180$261,229$240,710
6 years$261,818$246,778$232,608$219,264$206,701$187,018
7 years$222,157$207,243$193,299$180,269$168,104$149,262
8 years$192,425$177,646$163,933$151,223$139,458$121,457
9 years$169,313$154,673$141,195$128,809$117,444$100,274
10 years$150,833$136,336$123,097$111,034$100,068$83,717
11 years$135,724$121,372$108,373$96,633$86,062$70,514
12 years$123,141$108,937$96,178$84,760$74,579$59,816
13 years$112,503$98,447$85,929$74,831$65,035$51,035
14 years$103,392$89,486$77,207$66,426$57,009$43,752
15 years$95,503$81,747$69,708$59,241$50,195$37,658
16 years$88,608$75,001$63,201$53,044$44,363$32,521
17 years$82,529$69,073$57,510$47,659$39,335$28,165
18 years$77,132$63,827$52,499$42,951$34,975$24,450
19 years$72,309$59,154$48,060$38,809$31,174$21,270
20 years$67,974$54,969$44,107$35,149$27,845$18,535
21 years$64,056$51,201$40,570$31,900$24,918$16,177
22 years$60,500$47,795$37,392$29,005$22,336$14,137
23 years$57,257$44,701$34,525$26,415$20,050$12,368
24 years$54,289$41,882$31,930$24,092$18,021$10,832
25 years$51,563$39,304$29,573$22,002$16,216$9,494
26 years$49,051$36,940$27,428$20,118$14,607$8,328
27 years$46,728$34,765$25,469$18,414$13,170$7,310
28 years$44,576$32,759$23,677$16,871$11,883$6,420
29 years$42,575$30,904$22,033$15,471$10,730$5,641
30 years$40,711$29,186$20,523$14,199$9,695$4,958
31 years$38,971$27,590$19,133$13,041$8,766$4,360
32 years$37,343$26,106$17,851$11,985$7,929$3,836
33 years$35,817$24,723$16,668$11,021$7,176$3,375
34 years$34,384$23,431$15,574$10,140$6,497$2,971
35 years$33,035$22,224$14,560$9,335$5,884$2,615
36 years$31,765$21,094$13,621$8,597$5,332$2,303
37 years$30,565$20,035$12,749$7,921$4,832$2,028
38 years$29,432$19,040$11,939$7,301$4,381$1,787
39 years$28,360$18,105$11,185$6,732$3,973$1,574
40 years$27,343$17,226$10,484$6,209$3,603$1,387
41 years$26,379$16,397$9,831$5,729$3,269$1,222
42 years$25,463$15,616$9,221$5,287$2,966$1,077
43 years$24,592$14,879$8,653$4,880$2,692$949
44 years$23,763$14,183$8,122$4,506$2,444$836
45 years$22,973$13,525$7,627$4,162$2,218$737
46 years$22,219$12,902$7,163$3,844$2,014$650
47 years$21,500$12,312$6,730$3,552$1,829$573
48 years$20,813$11,754$6,324$3,282$1,661$505
49 years$20,156$11,224$5,944$3,033$1,509$445
50 years$19,527$10,722$5,588$2,803$1,370$392

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $20,000,000, adding $3,732 every year, while hoping to spend $50,970 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: 58/29/13 Blend
63$20,000,000$20,000,000$20,000,000$20,000,000
64$22,043,850$20,983,850$20,673,850$23,250,380
65$24,238,091$21,957,827$21,312,192$25,039,423
66$26,654,436$22,977,820$21,970,210$26,982,687
67$29,315,486$24,046,031$22,648,510$29,099,755
68$32,246,146$25,164,767$23,347,716$31,407,329
69$35,473,858$26,336,446$24,068,470$33,923,773
70$39,028,863$27,563,603$24,811,435$36,669,275
71$42,944,484$28,848,896$25,577,294$39,666,034
72$47,257,440$30,195,111$26,366,753$42,938,463
73$52,008,196$31,605,168$27,180,535$46,513,410
74$57,241,339$33,082,129$28,019,390$50,420,406
75$63,006,004$34,629,202$28,884,089$54,691,937
76$69,356,336$36,249,752$29,775,425$59,363,739
77$76,351,999$37,947,306$30,694,218$64,475,131
78$84,058,740$39,725,562$31,641,313$70,069,375
79$92,549,013$41,588,396$32,617,578$76,194,075
80$101,902,657$43,539,872$33,623,911$82,901,619
81$112,207,652$45,584,249$34,661,236$90,249,661
82$123,560,950$47,725,996$35,730,505$98,301,656
83$136,069,391$49,969,793$36,832,701$107,127,447
84$149,850,707$52,320,551$37,968,835$116,803,914
85$165,034,638$54,783,417$39,139,950$127,415,689
86$181,764,154$57,363,787$40,347,120$139,055,936
87$200,196,803$60,067,318$41,591,455$151,827,227
88$220,506,203$62,899,943$42,874,095$165,842,488
89$242,883,676$65,867,880$44,196,217$181,226,054
90$267,540,055$68,977,650$45,559,034$198,114,829
91$294,707,675$72,236,089$46,963,796$216,659,560
92$324,642,566$75,650,366$48,411,791$237,026,245
93$357,626,869$79,227,995$49,904,348$259,397,682
94$393,971,500$82,976,858$51,442,834$283,975,177
95$434,019,084$86,905,215$53,028,660$310,980,427
96$478,147,191$91,021,730$54,663,280$340,657,589
97$526,771,896$95,335,487$56,348,192$373,275,567
98$580,351,713$99,856,009$58,084,939$409,130,529
99$639,391,917$104,593,283$59,875,114$448,548,680
100$704,449,318$109,557,779$61,720,356$491,889,317