Can I retire at age 65 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,401,785
2 years$735,853$722,148$708,867$695,989$683,498$649,877
3 years$485,696$471,932$458,684$445,927$433,639$401,008
4 years$360,642$346,920$333,804$321,265$309,275$277,886
5 years$285,629$271,990$259,046$246,762$235,106$205,046
6 years$235,636$222,100$209,347$197,338$186,031$157,331
7 years$199,942$186,519$173,969$162,242$151,293$123,957
8 years$173,183$159,881$147,539$136,101$125,512$99,530
9 years$152,381$139,205$127,076$115,928$105,700$81,050
10 years$135,750$122,703$110,787$99,931$90,061$66,718
11 years$122,151$109,235$97,535$86,970$77,456$55,386
12 years$110,827$98,044$86,560$76,284$67,122$46,290
13 years$101,253$88,603$77,336$67,348$58,531$38,898
14 years$93,053$80,537$69,487$59,784$51,308$32,832
15 years$85,953$73,572$62,737$53,317$45,176$27,814
16 years$79,747$67,501$56,880$47,739$39,926$23,635
17 years$74,276$62,166$51,759$42,893$35,402$20,134
18 years$69,419$57,444$47,249$38,655$31,477$17,189
19 years$65,078$53,239$43,254$34,929$28,057$14,700
20 years$61,176$49,472$39,697$31,634$25,061$12,591
21 years$57,651$46,081$36,513$28,710$22,426$10,799
22 years$54,450$43,015$33,653$26,104$20,102$9,272
23 years$51,531$40,231$31,072$23,774$18,045$7,968
24 years$48,860$37,694$28,737$21,683$16,219$6,853
25 years$46,407$35,374$26,616$19,802$14,595$5,898
26 years$44,146$33,246$24,685$18,106$13,146$5,080
27 years$42,055$31,288$22,922$16,573$11,853$4,377
28 years$40,118$29,483$21,309$15,184$10,695$3,772
29 years$38,318$27,814$19,830$13,924$9,657$3,253
30 years$36,640$26,267$18,471$12,779$8,726$2,806
31 years$35,074$24,831$17,220$11,737$7,889$2,421
32 years$33,609$23,495$16,066$10,786$7,136$2,089
33 years$32,235$22,250$15,001$9,919$6,458$1,804
34 years$30,945$21,088$14,016$9,126$5,847$1,557
35 years$29,732$20,002$13,104$8,401$5,296$1,344
36 years$28,588$18,985$12,259$7,737$4,798$1,161
37 years$27,509$18,031$11,474$7,129$4,349$1,003
38 years$26,489$17,136$10,745$6,571$3,943$866
39 years$25,524$16,295$10,067$6,059$3,575$748
40 years$24,609$15,503$9,436$5,588$3,243$646
41 years$23,741$14,757$8,848$5,156$2,942$558
42 years$22,917$14,054$8,299$4,758$2,670$483
43 years$22,133$13,391$7,788$4,392$2,423$417
44 years$21,387$12,764$7,310$4,056$2,199$360
45 years$20,676$12,172$6,864$3,745$1,997$311
46 years$19,997$11,612$6,447$3,460$1,813$269
47 years$19,350$11,081$6,057$3,196$1,646$232
48 years$18,732$10,578$5,692$2,954$1,495$201
49 years$18,140$10,102$5,350$2,730$1,358$174
50 years$17,574$9,650$5,030$2,523$1,233$150

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $18,000,000, adding $3,837 every year, while hoping to spend $51,076 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: 51/32/17 Blend
64$18,000,000$18,000,000$18,000,000$18,000,000
65$19,839,958$18,885,958$18,606,958$20,758,950
66$21,809,289$19,757,025$19,175,946$22,262,401
67$23,977,780$20,669,063$19,762,284$23,890,432
68$26,365,692$21,624,025$20,366,499$25,659,335
69$28,995,349$22,623,959$20,989,133$27,582,440
70$31,891,352$23,671,011$21,630,747$29,674,392
71$35,080,810$24,767,430$22,291,917$31,951,284
72$38,593,593$25,915,575$22,973,237$34,430,799
73$42,462,619$27,117,917$23,675,319$37,132,374
74$46,724,158$28,377,047$24,398,794$40,077,376
75$51,418,180$29,695,680$25,144,311$43,289,294
76$56,588,729$31,076,663$25,912,541$46,793,955
77$62,284,340$32,522,981$26,704,172$50,619,759
78$68,558,496$34,037,759$27,519,914$54,797,939
79$75,470,131$35,624,279$28,360,500$59,362,848
80$83,084,192$37,285,976$29,226,684$64,352,273
81$91,472,244$39,026,453$30,119,243$69,807,782
82$100,713,152$40,849,488$31,038,976$75,775,106
83$110,893,820$42,759,040$31,986,709$82,304,562
84$122,110,016$44,759,260$32,963,291$89,451,516
85$134,467,273$46,854,498$33,969,596$97,276,893
86$148,081,884$49,049,318$35,006,526$105,847,744
87$163,082,002$51,348,500$36,075,011$115,237,861
88$179,608,849$53,757,060$37,176,007$125,528,465
89$197,818,048$56,280,251$38,310,499$136,808,957
90$217,881,091$58,923,586$39,479,503$149,177,748
91$239,986,961$61,692,841$40,684,065$162,743,172
92$264,343,913$64,594,072$41,925,263$177,624,497
93$291,181,440$67,633,629$43,204,207$193,953,028
94$320,752,440$70,818,170$44,522,041$211,873,334
95$353,335,602$74,154,673$45,879,943$231,544,597
96$389,238,039$77,650,458$47,279,126$253,142,088
97$428,798,183$81,313,195$48,720,842$276,858,809
98$472,388,986$85,150,929$50,206,377$302,907,292
99$520,421,431$89,172,094$51,737,060$331,521,584
100$573,348,423$93,385,532$53,314,257$362,959,434