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

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 $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%19.9%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,531,551
2 years$817,615$802,387$787,630$773,321$759,442$696,476
3 years$539,662$524,369$509,648$495,474$481,821$421,149
4 years$400,713$385,467$370,894$356,961$343,639$285,722
5 years$317,365$302,211$287,829$274,180$261,229$206,215
6 years$261,818$246,778$232,608$219,264$206,701$154,625
7 years$222,157$207,243$193,299$180,269$168,104$118,946
8 years$192,425$177,646$163,933$151,223$139,458$93,169
9 years$169,313$154,673$141,195$128,809$117,444$73,954
10 years$150,833$136,336$123,097$111,034$100,068$59,292
11 years$135,724$121,372$108,373$96,633$86,062$47,904
12 years$123,141$108,937$96,178$84,760$74,579$38,938
13 years$112,503$98,447$85,929$74,831$65,035$31,801
14 years$103,392$89,486$77,207$66,426$57,009$26,071
15 years$95,503$81,747$69,708$59,241$50,195$21,440
16 years$88,608$75,001$63,201$53,044$44,363$17,675
17 years$82,529$69,073$57,510$47,659$39,335$14,601
18 years$77,132$63,827$52,499$42,951$34,975$12,082
19 years$72,309$59,154$48,060$38,809$31,174$10,010
20 years$67,974$54,969$44,107$35,149$27,845$8,304
21 years$64,056$51,201$40,570$31,900$24,918$6,894
22 years$60,500$47,795$37,392$29,005$22,336$5,729
23 years$57,257$44,701$34,525$26,415$20,050$4,763
24 years$54,289$41,882$31,930$24,092$18,021$3,962
25 years$51,563$39,304$29,573$22,002$16,216$3,297
26 years$49,051$36,940$27,428$20,118$14,607$2,745
27 years$46,728$34,765$25,469$18,414$13,170$2,286
28 years$44,576$32,759$23,677$16,871$11,883$1,904
29 years$42,575$30,904$22,033$15,471$10,730$1,587
30 years$40,711$29,186$20,523$14,199$9,695$1,322
31 years$38,971$27,590$19,133$13,041$8,766$1,102
32 years$37,343$26,106$17,851$11,985$7,929$918
33 years$35,817$24,723$16,668$11,021$7,176$766
34 years$34,384$23,431$15,574$10,140$6,497$638
35 years$33,035$22,224$14,560$9,335$5,884$532
36 years$31,765$21,094$13,621$8,597$5,332$444
37 years$30,565$20,035$12,749$7,921$4,832$370
38 years$29,432$19,040$11,939$7,301$4,381$309
39 years$28,360$18,105$11,185$6,732$3,973$257
40 years$27,343$17,226$10,484$6,209$3,603$215
41 years$26,379$16,397$9,831$5,729$3,269$179
42 years$25,463$15,616$9,221$5,287$2,966$149
43 years$24,592$14,879$8,653$4,880$2,692$124
44 years$23,763$14,183$8,122$4,506$2,444$104
45 years$22,973$13,525$7,627$4,162$2,218$87
46 years$22,219$12,902$7,163$3,844$2,014$72
47 years$21,500$12,312$6,730$3,552$1,829$60
48 years$20,813$11,754$6,324$3,282$1,661$50
49 years$20,156$11,224$5,944$3,033$1,509$42
50 years$19,527$10,722$5,588$2,803$1,370$35

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 $6,205 every year, while hoping to spend $40,464 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: 45/39/16 Blend
63$20,000,000$20,000,000$20,000,000$20,000,000
64$22,046,400$20,986,400$20,676,400$22,937,155
65$24,252,080$21,971,681$21,326,006$24,544,939
66$26,681,383$23,003,883$21,996,018$26,282,803
67$29,357,075$24,085,265$22,687,076$28,166,455
68$32,304,245$25,218,192$23,399,842$30,209,413
69$35,550,538$26,405,143$24,134,997$32,426,513
70$39,126,418$27,648,720$24,893,244$34,834,043
71$43,065,454$28,951,649$25,675,309$37,449,886
72$47,404,638$30,316,787$26,481,939$40,293,679
73$52,184,734$31,747,132$27,313,907$43,386,989
74$57,450,661$33,245,826$28,172,007$46,753,511
75$63,251,920$34,816,164$29,057,061$50,419,275
76$69,643,058$36,461,598$29,969,915$54,412,884
77$76,684,185$38,185,751$30,911,442$58,765,772
78$84,441,539$39,992,420$31,882,543$63,512,490
79$92,988,114$41,885,586$32,884,145$68,691,017
80$102,404,345$43,869,424$33,917,208$74,343,109
81$112,778,873$45,948,310$34,982,719$80,514,675
82$124,209,375$48,126,834$36,081,697$87,256,200
83$136,803,490$50,409,808$37,215,193$94,623,206
84$150,679,835$52,802,278$38,384,291$102,676,758
85$165,969,123$55,309,534$39,590,109$111,484,025
86$182,815,396$57,937,124$40,833,801$121,118,900
87$201,377,388$60,690,864$42,116,554$131,662,673
88$221,830,020$63,576,855$43,439,597$143,204,788
89$244,366,052$66,601,491$44,804,194$155,843,661
90$269,197,906$69,771,480$46,211,651$169,687,589
91$296,559,663$73,093,854$47,663,312$184,855,754
92$326,709,282$76,575,986$49,160,566$201,479,326
93$359,931,029$80,225,610$50,704,846$219,702,670
94$396,538,163$84,050,833$52,297,627$239,684,694
95$436,875,890$88,060,159$53,940,432$261,600,317
96$481,324,627$92,262,503$55,634,833$285,642,095
97$530,303,588$96,667,214$57,382,448$312,022,009
98$584,274,745$101,284,098$59,184,951$340,973,438
99$643,747,185$106,123,435$61,044,063$372,753,330
100$709,281,921$111,196,007$62,961,562$407,644,598