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%16.9%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,418,241
2 years$748,117$734,184$720,681$707,589$694,889$653,869
3 years$493,791$479,798$466,328$453,359$440,866$401,136
4 years$366,652$352,702$339,368$326,620$314,430$276,295
5 years$290,389$276,523$263,363$250,875$239,024$202,590
6 years$239,564$225,802$212,837$200,627$189,132$154,431
7 years$203,274$189,628$176,868$164,946$153,815$120,849
8 years$176,069$162,546$149,998$138,369$127,604$96,354
9 years$154,921$141,526$129,193$117,860$107,461$77,897
10 years$138,012$124,748$112,634$101,597$91,562$63,646
11 years$124,187$111,056$99,161$88,419$78,747$52,432
12 years$112,674$99,678$88,003$77,556$68,240$43,477
13 years$102,940$90,079$78,625$68,470$59,507$36,241
14 years$94,604$81,880$70,645$60,780$52,163$30,339
15 years$87,386$74,799$63,783$54,205$45,929$25,486
16 years$81,076$68,626$57,828$48,535$40,592$21,472
17 years$75,514$63,202$52,621$43,608$35,992$18,133
18 years$70,576$58,402$48,037$39,300$32,002$15,343
19 years$66,163$54,126$43,975$35,511$28,524$13,005
20 years$62,196$50,297$40,358$32,162$25,478$11,038
21 years$58,611$46,849$37,122$29,189$22,800$9,380
22 years$55,357$43,732$34,214$26,539$20,437$7,979
23 years$52,390$40,902$31,590$24,170$18,346$6,793
24 years$49,675$38,322$29,216$22,044$16,489$5,787
25 years$47,180$35,964$27,059$20,132$14,838$4,933
26 years$44,881$33,800$25,096$18,408$13,365$4,207
27 years$42,756$31,810$23,304$16,849$12,050$3,590
28 years$40,787$29,974$21,664$15,437$10,873$3,064
29 years$38,956$28,277$20,160$14,156$9,818$2,617
30 years$37,251$26,705$18,779$12,992$8,871$2,235
31 years$35,659$25,245$17,507$11,932$8,020$1,909
32 years$34,169$23,887$16,334$10,966$7,255$1,631
33 years$32,773$22,621$15,251$10,084$6,566$1,394
34 years$31,461$21,440$14,250$9,278$5,945$1,192
35 years$30,227$20,335$13,323$8,541$5,384$1,019
36 years$29,065$19,301$12,463$7,866$4,878$871
37 years$27,967$18,332$11,665$7,248$4,421$744
38 years$26,930$17,422$10,924$6,680$4,008$637
39 years$25,949$16,566$10,235$6,160$3,635$544
40 years$25,019$15,761$9,593$5,681$3,297$465
41 years$24,137$15,003$8,995$5,242$2,991$398
42 years$23,299$14,289$8,438$4,838$2,714$340
43 years$22,502$13,614$7,918$4,466$2,463$291
44 years$21,743$12,977$7,432$4,123$2,236$249
45 years$21,020$12,375$6,978$3,808$2,030$213
46 years$20,331$11,805$6,554$3,517$1,843$182
47 years$19,673$11,266$6,158$3,250$1,674$156
48 years$19,044$10,755$5,786$3,003$1,520$133
49 years$18,443$10,270$5,439$2,775$1,380$114
50 years$17,867$9,810$5,113$2,565$1,254$98

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 $3,546 every year, while hoping to spend $45,422 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: 56/17/27 Blend
64$18,300,000$18,300,000$18,300,000$18,300,000
65$20,170,258$19,200,358$18,916,708$21,149,809
66$22,179,295$20,092,847$19,502,089$22,716,005
67$24,391,732$21,027,545$20,105,558$24,416,537
68$26,828,268$22,006,473$20,727,673$26,268,459
69$29,511,710$23,031,750$21,369,009$28,286,385
70$32,467,193$24,105,593$22,030,158$30,486,386
71$35,722,411$25,230,332$22,711,733$32,886,139
72$39,307,884$26,408,405$23,414,363$35,505,090
73$43,257,241$27,642,371$24,138,698$38,364,629
74$47,607,542$28,934,909$24,885,406$41,488,291
75$52,399,622$30,288,830$25,655,178$44,901,970
76$57,678,481$31,707,081$26,448,725$48,634,162
77$63,493,709$33,192,750$27,266,779$52,716,223
78$69,899,948$34,749,076$28,110,097$57,182,664
79$76,957,415$36,379,453$28,979,458$62,071,469
80$84,732,465$38,087,440$29,875,664$67,424,445
81$93,298,221$39,876,768$30,799,542$73,287,613
82$102,735,259$41,751,350$31,751,947$79,711,637
83$113,132,375$43,715,285$32,733,756$86,752,289
84$124,587,417$45,772,874$33,745,877$94,470,974
85$137,208,213$47,928,625$34,789,244$102,935,299
86$151,113,586$50,187,262$35,864,819$112,219,703
87$166,434,476$52,553,743$36,973,594$122,406,155
88$183,315,177$55,033,261$38,116,594$133,584,912
89$201,914,698$57,631,263$39,294,873$145,855,367
90$222,408,263$60,353,461$40,509,517$159,326,977
91$244,988,968$63,205,842$41,761,647$174,120,286
92$269,869,598$66,194,684$43,052,418$190,368,050
93$297,284,643$69,326,570$44,383,021$208,216,484
94$327,492,506$72,608,401$45,754,681$227,826,626
95$360,777,943$76,047,413$47,168,664$249,375,849
96$397,454,752$79,651,195$48,626,273$273,059,521
97$437,868,735$83,427,703$50,128,852$299,092,838
98$482,400,963$87,385,278$51,677,786$327,712,840
99$531,471,372$91,532,666$53,274,502$359,180,635
100$585,542,726$95,879,041$54,920,471$393,783,853