Can I retire at age 65 with 18,500,000?

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,418,927
2 years$756,293$742,208$728,557$715,322$702,484$646,436
3 years$499,187$485,041$471,425$458,314$445,685$391,642
4 years$370,659$356,557$343,077$330,189$317,866$266,239
5 years$293,563$279,545$266,242$253,617$241,637$192,560
6 years$242,182$228,269$215,163$202,820$191,199$144,705
7 years$205,496$191,700$178,801$166,749$155,496$111,570
8 years$177,994$164,322$151,638$139,882$128,999$87,600
9 years$156,614$143,072$130,605$119,148$108,636$69,704
10 years$139,521$126,111$113,865$102,707$92,563$56,027
11 years$125,544$112,269$100,245$89,386$79,607$45,385
12 years$113,906$100,767$88,965$78,403$68,986$36,989
13 years$104,065$91,064$79,484$69,218$60,157$30,292
14 years$95,638$82,775$71,417$61,444$52,733$24,904
15 years$88,341$75,616$64,480$54,798$46,431$20,539
16 years$81,962$69,376$58,460$49,065$41,036$16,982
17 years$76,340$63,893$53,197$44,085$36,385$14,070
18 years$71,347$59,040$48,562$39,729$32,352$11,677
19 years$66,886$54,718$44,456$35,899$28,836$9,705
20 years$62,876$50,846$40,799$32,513$25,757$8,075
21 years$59,252$47,361$37,528$29,508$23,049$6,725
22 years$55,962$44,210$34,587$26,829$20,660$5,605
23 years$52,963$41,349$31,935$24,434$18,546$4,675
24 years$50,218$38,741$29,535$22,285$16,670$3,902
25 years$47,696$36,357$27,355$20,352$15,000$3,257
26 years$45,372$34,169$25,371$18,609$13,512$2,721
27 years$43,224$32,157$23,559$17,033$12,182$2,273
28 years$41,232$30,302$21,901$15,606$10,992$1,900
29 years$39,382$28,586$20,381$14,311$9,925$1,588
30 years$37,658$26,997$18,984$13,134$8,968$1,328
31 years$36,048$25,521$17,698$12,063$8,108$1,110
32 years$34,543$24,148$16,513$11,086$7,334$928
33 years$33,131$22,868$15,418$10,194$6,638$776
34 years$31,805$21,674$14,406$9,380$6,010$649
35 years$30,558$20,557$13,468$8,635$5,443$543
36 years$29,382$19,512$12,599$7,952$4,932$454
37 years$28,273$18,532$11,793$7,327$4,470$380
38 years$27,225$17,612$11,043$6,753$4,052$318
39 years$26,233$16,747$10,346$6,227$3,675$266
40 years$25,292$15,934$9,698$5,743$3,333$223
41 years$24,400$15,167$9,093$5,299$3,024$186
42 years$23,553$14,445$8,530$4,890$2,744$156
43 years$22,748$13,763$8,004$4,514$2,490$130
44 years$21,981$13,119$7,513$4,168$2,260$109
45 years$21,250$12,510$7,055$3,850$2,052$91
46 years$20,553$11,934$6,626$3,556$1,863$76
47 years$19,888$11,389$6,225$3,285$1,692$64
48 years$19,252$10,872$5,850$3,036$1,536$54
49 years$18,644$10,382$5,498$2,805$1,395$45
50 years$18,062$9,918$5,169$2,593$1,267$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $18,500,000, adding $3,585 every year, while hoping to spend $28,844 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: 47/33/20 Blend
64$18,500,000$18,500,000$18,500,000$18,500,000
65$20,390,698$19,410,198$19,123,448$21,232,941
66$22,439,859$20,330,608$19,733,394$22,741,413
67$24,697,068$21,295,151$20,362,806$24,374,576
68$27,183,516$22,305,960$21,012,306$26,146,640
69$29,922,552$23,365,270$21,682,536$28,070,607
70$32,939,909$24,475,424$22,374,158$30,160,753
71$36,263,942$25,638,883$23,087,854$32,432,755
72$39,925,898$26,858,221$23,824,331$34,903,837
73$43,960,208$28,136,143$24,584,315$37,592,917
74$48,404,817$29,475,482$25,368,557$40,520,784
75$53,301,537$30,879,209$26,177,833$43,710,285
76$58,696,445$32,350,442$27,012,941$47,186,527
77$64,640,315$33,892,446$27,874,707$50,977,111
78$71,189,100$35,508,648$28,763,983$55,112,380
79$78,404,459$37,202,643$29,681,647$59,625,693
80$86,354,337$38,978,195$30,628,605$64,553,735
81$95,113,610$40,839,258$31,605,795$69,936,848
82$104,764,790$42,789,974$32,614,180$75,819,401
83$115,398,803$44,834,686$33,654,759$82,250,200
84$127,115,847$46,977,952$34,728,560$89,282,930
85$140,026,340$49,224,548$35,836,643$96,976,656
86$154,251,960$51,579,485$36,980,104$105,396,359
87$169,926,796$54,048,016$38,160,074$114,613,542
88$187,198,612$56,635,650$39,377,719$124,706,886
89$206,230,240$59,348,167$40,634,242$135,762,978
90$227,201,121$62,191,624$41,930,885$147,877,111
91$250,308,996$65,172,375$43,268,932$161,154,169
92$275,771,777$68,297,083$44,649,703$175,709,596
93$303,829,595$71,572,738$46,074,566$191,670,468
94$334,747,077$75,006,666$47,544,927$209,176,674
95$368,815,839$78,606,552$49,062,242$228,382,213
96$406,357,239$82,380,457$50,628,011$249,456,631
97$447,725,409$86,336,832$52,243,782$272,586,593
98$493,310,605$90,484,541$53,911,153$297,977,626
99$543,542,883$94,832,879$55,631,772$325,856,033
100$598,896,162$99,391,596$57,407,342$356,471,003