Can I retire at age 64 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,444,629
2 years$748,117$734,184$720,681$707,589$694,889$680,146
3 years$493,791$479,798$466,328$453,359$440,866$426,474
4 years$366,652$352,702$339,368$326,620$314,430$300,501
5 years$290,389$276,523$263,363$250,875$239,024$225,599
6 years$239,564$225,802$212,837$200,627$189,132$176,227
7 years$203,274$189,628$176,868$164,946$153,815$141,435
8 years$176,069$162,546$149,998$138,369$127,604$115,750
9 years$154,921$141,526$129,193$117,860$107,461$96,128
10 years$138,012$124,748$112,634$101,597$91,562$80,743
11 years$124,187$111,056$99,161$88,419$78,747$68,433
12 years$112,674$99,678$88,003$77,556$68,240$58,421
13 years$102,940$90,079$78,625$68,470$59,507$50,171
14 years$94,604$81,880$70,645$60,780$52,163$43,298
15 years$87,386$74,799$63,783$54,205$45,929$37,521
16 years$81,076$68,626$57,828$48,535$40,592$32,628
17 years$75,514$63,202$52,621$43,608$35,992$28,456
18 years$70,576$58,402$48,037$39,300$32,002$24,881
19 years$66,163$54,126$43,975$35,511$28,524$21,802
20 years$62,196$50,297$40,358$32,162$25,478$19,140
21 years$58,611$46,849$37,122$29,189$22,800$16,830
22 years$55,357$43,732$34,214$26,539$20,437$14,820
23 years$52,390$40,902$31,590$24,170$18,346$13,066
24 years$49,675$38,322$29,216$22,044$16,489$11,531
25 years$47,180$35,964$27,059$20,132$14,838$10,187
26 years$44,881$33,800$25,096$18,408$13,365$9,007
27 years$42,756$31,810$23,304$16,849$12,050$7,969
28 years$40,787$29,974$21,664$15,437$10,873$7,055
29 years$38,956$28,277$20,160$14,156$9,818$6,250
30 years$37,251$26,705$18,779$12,992$8,871$5,539
31 years$35,659$25,245$17,507$11,932$8,020$4,911
32 years$34,169$23,887$16,334$10,966$7,255$4,356
33 years$32,773$22,621$15,251$10,084$6,566$3,865
34 years$31,461$21,440$14,250$9,278$5,945$3,431
35 years$30,227$20,335$13,323$8,541$5,384$3,046
36 years$29,065$19,301$12,463$7,866$4,878$2,705
37 years$27,967$18,332$11,665$7,248$4,421$2,402
38 years$26,930$17,422$10,924$6,680$4,008$2,134
39 years$25,949$16,566$10,235$6,160$3,635$1,896
40 years$25,019$15,761$9,593$5,681$3,297$1,685
41 years$24,137$15,003$8,995$5,242$2,991$1,498
42 years$23,299$14,289$8,438$4,838$2,714$1,331
43 years$22,502$13,614$7,918$4,466$2,463$1,183
44 years$21,743$12,977$7,432$4,123$2,236$1,052
45 years$21,020$12,375$6,978$3,808$2,030$935
46 years$20,331$11,805$6,554$3,517$1,843$832
47 years$19,673$11,266$6,158$3,250$1,674$740
48 years$19,044$10,755$5,786$3,003$1,520$658
49 years$18,443$10,270$5,439$2,775$1,380$585
50 years$17,867$9,810$5,113$2,565$1,254$520

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $18,300,000, adding $5,590 every year, while hoping to spend $30,185 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: 62/14/24 Blend
63$18,300,000$18,300,000$18,300,000$18,300,000
64$20,172,366$19,202,466$18,918,816$21,294,814
65$22,197,831$20,111,270$19,520,480$22,964,356
66$24,428,881$21,063,594$20,141,288$24,782,622
67$26,886,455$22,061,539$20,781,849$26,767,259
68$29,593,626$23,107,306$21,442,793$28,934,512
69$32,575,817$24,203,205$22,124,768$31,302,252
70$35,861,046$25,351,658$22,828,444$33,890,143
71$39,480,188$26,555,204$23,554,511$36,719,825
72$43,467,263$27,816,506$24,303,683$39,815,109
73$47,859,763$29,138,354$25,076,696$43,202,203
74$52,699,002$30,523,676$25,874,308$46,909,954
75$58,030,505$31,975,541$26,697,303$50,970,111
76$63,904,442$33,497,168$27,546,488$55,417,626
77$70,376,098$35,091,932$28,422,698$60,290,974
78$77,506,395$36,763,372$29,326,793$65,632,512
79$85,362,468$38,515,198$30,259,662$71,488,876
80$94,018,299$40,351,302$31,222,220$77,911,411
81$103,555,414$42,275,764$32,215,412$84,956,653
82$114,063,653$44,292,863$33,240,215$92,686,855
83$125,642,018$46,407,085$34,297,635$101,170,568
84$138,399,608$48,623,137$35,388,710$110,483,282
85$152,456,649$50,945,952$36,514,512$120,708,129
86$167,945,627$53,380,703$37,676,148$131,936,665
87$185,012,540$55,932,816$38,874,758$144,269,721
88$203,818,277$58,607,982$40,111,520$157,818,351
89$224,540,134$61,412,166$41,387,649$172,704,867
90$247,373,491$64,351,626$42,704,399$189,063,992
91$272,533,654$67,432,922$44,063,063$207,044,116
92$300,257,887$70,662,936$45,464,977$226,808,688
93$330,807,655$74,048,884$46,911,517$248,537,755
94$364,471,089$77,598,332$48,404,106$272,429,641
95$401,565,706$81,319,216$49,944,209$298,702,818
96$442,441,408$85,219,858$51,533,341$327,597,950
97$487,483,787$89,308,986$53,173,062$359,380,157
98$537,117,758$93,595,751$54,864,985$394,341,504
99$591,811,580$98,089,753$56,610,772$432,803,745
100$652,081,267$102,801,057$58,412,139$475,121,346