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

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,457,484
2 years$764,470$750,232$736,434$723,055$710,078$676,327
3 years$504,584$490,285$476,521$463,268$450,503$417,734
4 years$374,667$360,411$346,785$333,759$321,302$289,768
5 years$296,736$282,567$269,120$256,359$244,249$214,039
6 years$244,800$230,737$217,489$205,012$193,266$164,410
7 years$207,717$193,773$180,734$168,552$157,177$129,681
8 years$179,918$166,099$153,277$141,394$130,393$104,247
9 years$158,307$144,619$132,017$120,436$109,810$84,994
10 years$141,029$127,475$115,096$103,817$93,564$70,051
11 years$126,902$113,483$101,328$90,352$80,468$58,227
12 years$115,137$101,856$89,926$79,251$69,732$48,728
13 years$105,190$92,048$80,343$69,967$60,807$41,002
14 years$96,672$83,669$72,189$62,109$53,303$34,655
15 years$89,296$76,434$65,177$55,390$46,933$29,399
16 years$82,848$70,126$59,092$49,596$41,479$25,017
17 years$77,165$64,584$53,772$44,561$36,778$21,343
18 years$72,119$59,678$49,087$40,159$32,702$18,247
19 years$67,609$55,309$44,936$36,287$29,148$15,629
20 years$63,555$51,396$41,240$32,865$26,035$13,407
21 years$59,893$47,873$37,933$29,827$23,299$11,516
22 years$56,567$44,688$34,961$27,119$20,884$9,903
23 years$53,535$41,796$32,281$24,698$18,747$8,524
24 years$50,760$39,160$29,854$22,526$16,850$7,343
25 years$48,211$36,750$27,651$20,572$15,162$6,330
26 years$45,862$34,539$25,645$18,810$13,658$5,460
27 years$43,691$32,505$23,813$17,217$12,314$4,712
28 years$41,678$30,629$22,138$15,775$11,111$4,068
29 years$39,808$28,895$20,601$14,466$10,033$3,514
30 years$38,065$27,288$19,189$13,276$9,065$3,036
31 years$36,438$25,797$17,889$12,193$8,196$2,624
32 years$34,916$24,409$16,691$11,206$7,414$2,268
33 years$33,489$23,116$15,585$10,305$6,709$1,961
34 years$32,149$21,908$14,561$9,481$6,075$1,696
35 years$30,888$20,780$13,614$8,728$5,502$1,467
36 years$29,700$19,723$12,735$8,038$4,985$1,269
37 years$28,579$18,732$11,920$7,406$4,518$1,098
38 years$27,519$17,802$11,163$6,826$4,096$950
39 years$26,516$16,928$10,458$6,294$3,714$822
40 years$25,566$16,106$9,802$5,806$3,369$711
41 years$24,664$15,331$9,192$5,356$3,057$616
42 years$23,808$14,601$8,622$4,943$2,774$533
43 years$22,993$13,912$8,091$4,563$2,517$461
44 years$22,218$13,261$7,594$4,213$2,285$399
45 years$21,480$12,645$7,131$3,891$2,074$345
46 years$20,775$12,063$6,698$3,594$1,883$299
47 years$20,103$11,512$6,292$3,321$1,710$259
48 years$19,460$10,990$5,913$3,068$1,553$224
49 years$18,846$10,495$5,558$2,836$1,410$194
50 years$18,258$10,025$5,225$2,621$1,281$168

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 $5,374 every year, while hoping to spend $23,913 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: 29/48/23 Blend
64$18,700,000$18,700,000$18,700,000$18,700,000
65$20,612,943$19,621,843$19,331,993$21,062,449
66$22,690,020$20,557,870$19,954,172$22,347,329
67$24,978,158$21,538,961$20,596,392$23,725,279
68$27,498,858$22,567,299$21,259,300$25,206,259
69$30,275,818$23,645,172$21,943,562$26,799,155
70$33,335,147$24,774,982$22,649,867$28,513,684
71$36,705,621$25,959,245$23,378,927$30,360,476
72$40,418,948$27,200,601$24,131,474$32,351,169
73$44,510,068$28,501,818$24,908,266$34,498,505
74$49,017,487$29,865,799$25,710,085$36,816,434
75$53,983,635$31,295,588$26,537,737$39,320,243
76$59,455,271$32,794,377$27,392,057$42,026,679
77$65,483,921$34,365,514$28,273,903$44,954,099
78$72,126,366$36,012,509$29,184,164$48,122,629
79$79,445,177$37,739,044$30,123,755$51,554,336
80$87,509,308$39,548,980$31,093,624$55,273,425
81$96,394,743$41,446,365$32,094,745$59,306,451
82$106,185,216$43,435,446$33,128,129$63,682,550
83$116,973,000$45,520,676$34,194,814$68,433,702
84$128,859,781$47,706,724$35,295,875$73,595,008
85$141,957,613$49,998,488$36,432,421$79,205,010
86$156,389,979$52,401,103$37,605,597$85,306,028
87$172,292,957$54,919,957$38,816,584$91,944,543
88$189,816,500$57,560,697$40,066,601$99,171,611
89$209,125,860$60,329,247$41,356,909$107,043,326
90$230,403,138$63,231,821$42,688,806$115,621,321
91$253,849,012$66,274,934$44,063,635$124,973,328
92$279,684,625$69,465,419$45,482,780$135,173,789
93$308,153,675$72,810,443$46,947,671$146,304,536
94$339,524,716$76,317,522$48,459,785$158,455,527
95$374,093,694$79,994,537$50,020,645$171,725,672
96$412,186,737$83,849,756$51,631,823$186,223,732
97$454,163,239$87,891,848$53,294,943$202,069,312
98$500,419,248$92,129,907$55,011,682$219,393,960
99$551,391,207$96,573,469$56,783,770$238,342,366
100$607,560,076$101,232,535$58,612,992$259,073,697