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

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,432,010
2 years$756,293$742,208$728,557$715,322$702,484$659,305
3 years$499,187$485,041$471,425$458,314$445,685$403,886
4 years$370,659$356,557$343,077$330,189$317,866$277,768
5 years$293,563$279,545$266,242$253,617$241,637$203,348
6 years$242,182$228,269$215,163$202,820$191,199$154,755
7 years$205,496$191,700$178,801$166,749$155,496$120,896
8 years$177,994$164,322$151,638$139,882$128,999$96,222
9 years$156,614$143,072$130,605$119,148$108,636$77,649
10 years$139,521$126,111$113,865$102,707$92,563$63,324
11 years$125,544$112,269$100,245$89,386$79,607$52,066
12 years$113,906$100,767$88,965$78,403$68,986$43,088
13 years$104,065$91,064$79,484$69,218$60,157$35,844
14 years$95,638$82,775$71,417$61,444$52,733$29,944
15 years$88,341$75,616$64,480$54,798$46,431$25,102
16 years$81,962$69,376$58,460$49,065$41,036$21,102
17 years$76,340$63,893$53,197$44,085$36,385$17,782
18 years$71,347$59,040$48,562$39,729$32,352$15,013
19 years$66,886$54,718$44,456$35,899$28,836$12,696
20 years$62,876$50,846$40,799$32,513$25,757$10,752
21 years$59,252$47,361$37,528$29,508$23,049$9,115
22 years$55,962$44,210$34,587$26,829$20,660$7,736
23 years$52,963$41,349$31,935$24,434$18,546$6,570
24 years$50,218$38,741$29,535$22,285$16,670$5,584
25 years$47,696$36,357$27,355$20,352$15,000$4,749
26 years$45,372$34,169$25,371$18,609$13,512$4,040
27 years$43,224$32,157$23,559$17,033$12,182$3,439
28 years$41,232$30,302$21,901$15,606$10,992$2,928
29 years$39,382$28,586$20,381$14,311$9,925$2,494
30 years$37,658$26,997$18,984$13,134$8,968$2,125
31 years$36,048$25,521$17,698$12,063$8,108$1,811
32 years$34,543$24,148$16,513$11,086$7,334$1,543
33 years$33,131$22,868$15,418$10,194$6,638$1,316
34 years$31,805$21,674$14,406$9,380$6,010$1,122
35 years$30,558$20,557$13,468$8,635$5,443$957
36 years$29,382$19,512$12,599$7,952$4,932$816
37 years$28,273$18,532$11,793$7,327$4,470$696
38 years$27,225$17,612$11,043$6,753$4,052$593
39 years$26,233$16,747$10,346$6,227$3,675$506
40 years$25,292$15,934$9,698$5,743$3,333$432
41 years$24,400$15,167$9,093$5,299$3,024$368
42 years$23,553$14,445$8,530$4,890$2,744$314
43 years$22,748$13,763$8,004$4,514$2,490$268
44 years$21,981$13,119$7,513$4,168$2,260$229
45 years$21,250$12,510$7,055$3,850$2,052$195
46 years$20,553$11,934$6,626$3,556$1,863$166
47 years$19,888$11,389$6,225$3,285$1,692$142
48 years$19,252$10,872$5,850$3,036$1,536$121
49 years$18,644$10,382$5,498$2,805$1,395$103
50 years$18,062$9,918$5,169$2,593$1,267$88

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 $3,280 every year, while hoping to spend $24,544 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: 52/39/9 Blend
64$18,500,000$18,500,000$18,500,000$18,500,000
65$20,390,383$19,409,883$19,123,133$21,403,767
66$22,444,088$20,334,853$19,737,644$23,018,412
67$24,706,448$21,304,324$20,371,917$24,770,513
68$27,198,719$22,320,450$21,026,591$26,675,350
69$29,944,328$23,385,491$21,702,321$28,747,331
70$32,969,085$24,501,816$22,399,785$31,002,281
71$36,301,437$25,671,910$23,119,682$33,457,580
72$39,972,728$26,898,378$23,862,736$36,132,324
73$44,017,500$28,183,952$24,629,691$39,047,494
74$48,473,816$29,531,497$25,421,317$42,226,146
75$53,383,622$30,944,017$26,238,408$45,693,618
76$58,793,141$32,424,664$27,081,785$49,477,765
77$64,753,310$33,976,740$27,952,293$53,609,204
78$71,320,258$35,603,711$28,850,805$58,121,601
79$78,555,842$37,309,210$29,778,225$63,051,970
80$86,528,224$39,097,048$30,735,481$68,441,018
81$95,312,519$40,971,220$31,723,536$74,333,512
82$104,991,503$42,935,916$32,743,381$80,778,693
83$115,656,391$44,995,531$33,796,040$87,830,725
84$127,407,705$47,154,674$34,882,569$95,549,192
85$140,356,215$49,418,177$36,004,059$103,999,652
86$154,623,990$51,791,109$37,161,636$113,254,231
87$170,345,548$54,278,785$38,356,462$123,392,298
88$187,669,128$56,886,779$39,589,738$134,501,190
89$206,758,085$59,620,937$40,862,700$146,677,025
90$227,792,438$62,487,391$42,176,628$160,025,586
91$250,970,562$65,492,569$43,532,841$174,663,305
92$276,511,069$68,643,214$44,932,701$190,718,340
93$304,654,866$71,946,399$46,377,614$208,331,764
94$335,667,429$75,409,539$47,869,030$227,658,876
95$369,841,313$79,040,413$49,408,449$248,870,641
96$407,498,911$82,847,178$50,997,417$272,155,287
97$448,995,499$86,838,388$52,637,529$297,720,047
98$494,722,586$91,023,016$54,330,433$325,793,098
99$545,111,618$95,410,472$56,077,830$356,625,681
100$600,638,042$100,010,623$57,881,476$390,494,449