Can I retire at age 65 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,447,646
2 years$748,117$734,184$720,681$707,589$694,889$683,174
3 years$493,791$479,798$466,328$453,359$440,866$429,420
4 years$366,652$352,702$339,368$326,620$314,430$303,342
5 years$290,389$276,523$263,363$250,875$239,024$228,327
6 years$239,564$225,802$212,837$200,627$189,132$178,838
7 years$203,274$189,628$176,868$164,946$153,815$143,930
8 years$176,069$162,546$149,998$138,369$127,604$118,128
9 years$154,921$141,526$129,193$117,860$107,461$98,391
10 years$138,012$124,748$112,634$101,597$91,562$82,893
11 years$124,187$111,056$99,161$88,419$78,747$70,471
12 years$112,674$99,678$88,003$77,556$68,240$60,352
13 years$102,940$90,079$78,625$68,470$59,507$51,996
14 years$94,604$81,880$70,645$60,780$52,163$45,022
15 years$87,386$74,799$63,783$54,205$45,929$39,146
16 years$81,076$68,626$57,828$48,535$40,592$34,157
17 years$75,514$63,202$52,621$43,608$35,992$29,895
18 years$70,576$58,402$48,037$39,300$32,002$26,231
19 years$66,163$54,126$43,975$35,511$28,524$23,068
20 years$62,196$50,297$40,358$32,162$25,478$20,326
21 years$58,611$46,849$37,122$29,189$22,800$17,939
22 years$55,357$43,732$34,214$26,539$20,437$15,856
23 years$52,390$40,902$31,590$24,170$18,346$14,032
24 years$49,675$38,322$29,216$22,044$16,489$12,432
25 years$47,180$35,964$27,059$20,132$14,838$11,026
26 years$44,881$33,800$25,096$18,408$13,365$9,786
27 years$42,756$31,810$23,304$16,849$12,050$8,693
28 years$40,787$29,974$21,664$15,437$10,873$7,727
29 years$38,956$28,277$20,160$14,156$9,818$6,873
30 years$37,251$26,705$18,779$12,992$8,871$6,116
31 years$35,659$25,245$17,507$11,932$8,020$5,445
32 years$34,169$23,887$16,334$10,966$7,255$4,850
33 years$32,773$22,621$15,251$10,084$6,566$4,321
34 years$31,461$21,440$14,250$9,278$5,945$3,851
35 years$30,227$20,335$13,323$8,541$5,384$3,433
36 years$29,065$19,301$12,463$7,866$4,878$3,062
37 years$27,967$18,332$11,665$7,248$4,421$2,731
38 years$26,930$17,422$10,924$6,680$4,008$2,436
39 years$25,949$16,566$10,235$6,160$3,635$2,174
40 years$25,019$15,761$9,593$5,681$3,297$1,940
41 years$24,137$15,003$8,995$5,242$2,991$1,732
42 years$23,299$14,289$8,438$4,838$2,714$1,546
43 years$22,502$13,614$7,918$4,466$2,463$1,380
44 years$21,743$12,977$7,432$4,123$2,236$1,232
45 years$21,020$12,375$6,978$3,808$2,030$1,101
46 years$20,331$11,805$6,554$3,517$1,843$983
47 years$19,673$11,266$6,158$3,250$1,674$878
48 years$19,044$10,755$5,786$3,003$1,520$784
49 years$18,443$10,270$5,439$2,775$1,380$700
50 years$17,867$9,810$5,113$2,565$1,254$626

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $18,300,000, adding $3,533 every year, while hoping to spend $46,659 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: 71/21/8 Blend
64$18,300,000$18,300,000$18,300,000$18,300,000
65$20,170,244$19,200,344$18,916,694$21,574,967
66$22,177,964$20,091,516$19,500,759$23,395,005
67$24,388,908$21,024,792$20,102,826$25,380,395
68$26,823,755$22,002,185$20,723,448$27,552,229
69$29,505,293$23,025,807$21,363,198$29,928,848
70$32,458,630$24,097,869$22,022,664$32,530,434
71$35,711,439$25,220,693$22,702,451$35,379,199
72$39,294,207$26,396,708$23,403,184$38,499,586
73$43,240,534$27,628,465$24,125,509$41,918,497
74$47,587,443$28,918,635$24,870,089$45,665,545
75$52,375,734$30,270,019$25,637,607$49,773,325
76$57,650,362$31,685,553$26,428,771$54,277,718
77$63,460,870$33,168,316$27,244,306$59,218,224
78$69,861,850$34,721,535$28,084,961$64,638,331
79$76,913,461$36,348,593$28,951,510$70,585,917
80$84,681,996$38,053,036$29,844,748$77,113,699
81$93,240,508$39,838,583$30,765,495$84,279,721
82$102,669,498$41,709,131$31,714,597$92,147,899
83$113,057,676$43,668,768$32,692,925$100,788,613
84$124,502,799$45,721,778$33,701,378$110,279,369
85$137,112,591$47,872,652$34,740,881$120,705,518
86$151,005,764$50,126,100$35,812,389$132,161,059
87$166,313,132$52,487,059$36,916,884$144,749,513
88$183,178,852$54,960,705$38,055,380$158,584,897
89$201,761,781$57,552,467$39,228,922$173,792,784
90$222,236,978$60,268,033$40,438,587$190,511,488
91$244,797,354$63,113,370$41,685,483$208,893,350
92$269,655,492$66,094,733$42,970,754$229,106,175
93$297,045,657$69,218,680$44,295,580$251,334,799
94$327,226,007$72,492,088$45,661,174$275,782,822
95$360,481,025$75,922,166$47,068,789$302,674,526
96$397,124,212$79,516,474$48,519,716$332,256,968
97$437,501,038$83,282,938$50,015,283$364,802,311
98$481,992,210$87,229,868$51,556,861$400,610,370
99$531,017,263$91,365,979$53,145,863$440,011,435
100$585,038,520$95,700,408$54,783,746$483,369,370