Can I retire at age 65 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,474,875
2 years$772,646$758,256$744,310$730,788$717,673$685,351
3 years$509,981$495,529$481,618$468,223$455,321$423,924
4 years$378,674$364,266$350,494$337,328$324,739$294,508
5 years$299,910$285,589$271,998$259,101$246,861$217,882
6 years$247,418$233,205$219,815$207,205$195,333$167,637
7 years$209,939$195,845$182,667$170,354$158,858$132,450
8 years$181,842$167,875$154,916$142,906$131,788$106,659
9 years$160,000$146,166$133,429$121,724$110,985$87,117
10 years$142,537$128,838$116,327$104,928$94,564$71,934
11 years$128,259$114,697$102,412$91,318$81,329$59,907
12 years$116,368$102,946$90,888$80,099$70,478$50,231
13 years$106,315$93,033$81,203$70,715$61,458$42,351
14 years$97,706$84,564$72,961$62,773$53,874$35,869
15 years$90,251$77,251$65,874$55,982$47,435$30,493
16 years$83,734$70,876$59,724$50,126$41,923$26,003
17 years$77,990$65,274$54,347$45,038$37,172$22,232
18 years$72,890$60,317$49,612$40,588$33,051$19,049
19 years$68,332$55,901$45,417$36,675$29,459$16,352
20 years$64,235$51,946$41,681$33,216$26,314$14,059
21 years$60,533$48,385$38,339$30,146$23,548$12,104
22 years$57,172$45,166$35,335$27,409$21,107$10,433
23 years$54,108$42,243$32,626$24,962$18,947$9,001
24 years$51,303$39,579$30,173$22,767$17,030$7,772
25 years$48,727$37,143$27,947$20,792$15,324$6,716
26 years$46,353$34,908$25,919$19,011$13,804$5,807
27 years$44,158$32,853$24,068$17,402$12,445$5,023
28 years$42,124$30,957$22,374$15,944$11,230$4,348
29 years$40,233$29,204$20,821$14,621$10,140$3,765
30 years$38,472$27,580$19,394$13,418$9,162$3,261
31 years$36,828$26,073$18,081$12,323$8,283$2,825
32 years$35,289$24,670$16,870$11,326$7,493$2,448
33 years$33,847$23,363$15,751$10,415$6,781$2,122
34 years$32,493$22,143$14,717$9,582$6,140$1,840
35 years$31,218$21,002$13,759$8,821$5,561$1,595
36 years$30,018$19,934$12,872$8,124$5,038$1,384
37 years$28,884$18,933$12,048$7,485$4,566$1,200
38 years$27,813$17,993$11,282$6,899$4,140$1,041
39 years$26,800$17,109$10,570$6,362$3,754$903
40 years$25,839$16,278$9,907$5,868$3,405$783
41 years$24,928$15,495$9,290$5,414$3,089$680
42 years$24,062$14,757$8,714$4,996$2,803$590
43 years$23,239$14,061$8,177$4,612$2,544$512
44 years$22,456$13,403$7,676$4,258$2,309$444
45 years$21,709$12,781$7,207$3,933$2,096$385
46 years$20,997$12,192$6,769$3,633$1,903$335
47 years$20,318$11,635$6,360$3,356$1,728$290
48 years$19,668$11,107$5,976$3,101$1,570$252
49 years$19,047$10,607$5,617$2,866$1,426$219
50 years$18,453$10,132$5,281$2,649$1,295$190

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $18,900,000, adding $4,750 every year, while hoping to spend $29,263 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: 44/45/11 Blend
64$18,900,000$18,900,000$18,900,000$18,900,000
65$20,832,700$19,831,000$19,538,050$21,683,420
66$22,926,499$20,771,583$20,161,439$23,216,079
67$25,232,886$21,757,274$20,804,731$24,872,897
68$27,773,512$22,790,253$21,468,561$26,667,952
69$30,572,239$23,872,803$22,153,586$28,613,968
70$33,655,359$25,007,323$22,860,483$30,724,900
71$37,051,848$26,196,323$23,589,951$33,016,065
72$40,793,633$27,442,440$24,342,711$35,504,270
73$44,915,898$28,748,434$25,119,507$38,207,962
74$49,457,416$30,117,204$25,921,107$41,147,397
75$54,460,912$31,551,786$26,748,303$44,344,815
76$59,973,468$33,055,367$27,601,915$47,824,643
77$66,046,968$34,631,285$28,482,784$51,613,710
78$72,738,584$36,283,045$29,391,784$55,741,491
79$80,111,323$38,014,317$30,329,811$60,240,372
80$88,234,613$39,828,954$31,297,795$65,145,941
81$97,184,965$41,730,993$32,296,693$70,497,312
82$107,046,691$43,724,672$33,327,491$76,337,478
83$117,912,702$45,814,429$34,391,211$82,713,702
84$129,885,384$48,004,923$35,488,903$89,677,948
85$143,077,567$50,301,037$36,621,655$97,287,351
86$157,613,583$52,707,893$37,790,585$105,604,746
87$173,630,450$55,230,861$38,996,851$114,699,234
88$191,279,156$57,875,573$40,241,645$124,646,823
89$210,726,089$60,647,936$41,526,200$135,531,117
90$232,154,609$63,554,143$42,851,786$147,444,093
91$255,766,772$66,600,689$44,219,714$160,486,940
92$281,785,247$69,794,387$45,631,339$174,770,994
93$310,455,409$73,142,379$47,088,056$190,418,764
94$342,047,662$76,652,157$48,591,307$207,565,064
95$376,859,988$80,331,577$50,142,580$226,358,256
96$415,220,760$84,188,878$51,743,409$246,961,626
97$457,491,844$88,232,699$53,395,380$269,554,895
98$504,072,014$92,472,102$55,100,127$294,335,883
99$555,400,714$96,916,591$56,859,336$321,522,347
100$611,962,213$101,576,130$58,674,750$351,354,000