Can I retire at age 65 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,465,858
2 years$764,470$750,232$736,434$723,055$710,078$684,660
3 years$504,584$490,285$476,521$463,268$450,503$425,765
4 years$374,667$360,411$346,785$333,759$321,302$297,435
5 years$296,736$282,567$269,120$256,359$244,249$221,321
6 years$244,800$230,737$217,489$205,012$193,266$171,303
7 years$207,717$193,773$180,734$168,552$157,177$136,186
8 years$179,918$166,099$153,277$141,394$130,393$110,370
9 years$158,307$144,619$132,017$120,436$109,810$90,743
10 years$141,029$127,475$115,096$103,817$93,564$75,436
11 years$126,902$113,483$101,328$90,352$80,468$63,261
12 years$115,137$101,856$89,926$79,251$69,732$53,423
13 years$105,190$92,048$80,343$69,967$60,807$45,372
14 years$96,672$83,669$72,189$62,109$53,303$38,715
15 years$89,296$76,434$65,177$55,390$46,933$33,163
16 years$82,848$70,126$59,092$49,596$41,479$28,500
17 years$77,165$64,584$53,772$44,561$36,778$24,559
18 years$72,119$59,678$49,087$40,159$32,702$21,213
19 years$67,609$55,309$44,936$36,287$29,148$18,359
20 years$63,555$51,396$41,240$32,865$26,035$15,915
21 years$59,893$47,873$37,933$29,827$23,299$13,817
22 years$56,567$44,688$34,961$27,119$20,884$12,010
23 years$53,535$41,796$32,281$24,698$18,747$10,451
24 years$50,760$39,160$29,854$22,526$16,850$9,103
25 years$48,211$36,750$27,651$20,572$15,162$7,935
26 years$45,862$34,539$25,645$18,810$13,658$6,921
27 years$43,691$32,505$23,813$17,217$12,314$6,041
28 years$41,678$30,629$22,138$15,775$11,111$5,275
29 years$39,808$28,895$20,601$14,466$10,033$4,609
30 years$38,065$27,288$19,189$13,276$9,065$4,028
31 years$36,438$25,797$17,889$12,193$8,196$3,522
32 years$34,916$24,409$16,691$11,206$7,414$3,080
33 years$33,489$23,116$15,585$10,305$6,709$2,695
34 years$32,149$21,908$14,561$9,481$6,075$2,358
35 years$30,888$20,780$13,614$8,728$5,502$2,064
36 years$29,700$19,723$12,735$8,038$4,985$1,806
37 years$28,579$18,732$11,920$7,406$4,518$1,581
38 years$27,519$17,802$11,163$6,826$4,096$1,385
39 years$26,516$16,928$10,458$6,294$3,714$1,213
40 years$25,566$16,106$9,802$5,806$3,369$1,062
41 years$24,664$15,331$9,192$5,356$3,057$930
42 years$23,808$14,601$8,622$4,943$2,774$815
43 years$22,993$13,912$8,091$4,563$2,517$714
44 years$22,218$13,261$7,594$4,213$2,285$625
45 years$21,480$12,645$7,131$3,891$2,074$548
46 years$20,775$12,063$6,698$3,594$1,883$480
47 years$20,103$11,512$6,292$3,321$1,710$421
48 years$19,460$10,990$5,913$3,068$1,553$368
49 years$18,846$10,495$5,558$2,836$1,410$323
50 years$18,258$10,025$5,225$2,621$1,281$283

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $18,700,000, adding $6,322 every year, while hoping to spend $28,529 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: 78/16/6 Blend
64$18,700,000$18,700,000$18,700,000$18,700,000
65$20,613,921$19,622,821$19,332,971$22,210,651
66$22,686,186$20,553,985$19,950,271$24,189,750
67$24,968,867$21,529,819$20,587,294$26,355,222
68$27,483,394$22,552,483$21,244,672$28,729,105
69$30,253,386$23,624,240$21,923,054$31,332,120
70$33,304,867$24,747,464$22,623,112$34,187,078
71$36,666,517$25,924,644$23,345,540$37,319,090
72$40,369,939$27,158,388$24,091,053$40,755,804
73$44,449,958$28,451,435$24,860,388$44,527,660
74$48,944,952$29,806,653$25,654,309$48,668,173
75$53,897,209$31,227,051$26,473,600$53,214,249
76$59,353,332$32,715,784$27,319,074$58,206,524
77$65,364,676$34,276,161$28,191,567$63,689,748
78$71,987,832$35,911,652$29,091,943$69,713,201
79$79,285,162$37,625,895$30,021,095$76,331,154
80$87,325,390$39,422,705$30,979,943$83,603,375
81$96,184,244$41,306,082$31,969,436$91,595,688
82$105,945,180$43,280,223$32,990,554$100,380,593
83$116,700,160$45,349,525$34,044,309$110,037,939
84$128,550,528$47,518,604$35,131,745$120,655,676
85$141,607,962$49,792,296$36,253,939$132,330,678
86$155,995,531$52,175,676$37,412,003$145,169,649
87$171,848,855$54,674,063$38,607,085$159,290,127
88$189,317,383$57,293,037$39,840,367$174,821,584
89$208,565,809$60,038,449$41,113,073$191,906,641
90$229,775,624$62,916,435$42,426,463$210,702,408
91$253,146,827$65,933,430$43,781,839$231,381,958
92$278,899,816$69,096,181$45,180,543$254,135,953
93$307,277,469$72,411,766$46,623,963$279,174,434
94$338,547,434$75,887,605$48,113,529$306,728,795
95$373,004,656$79,531,481$49,650,716$337,053,958
96$410,974,164$83,351,557$51,237,048$370,430,769
97$452,814,138$87,356,392$52,874,098$407,168,638
98$498,919,288$91,554,964$54,563,489$447,608,452
99$549,724,584$95,956,686$56,306,894$492,125,777
100$605,709,359$100,571,431$58,106,043$541,134,392