Can I retire at age 64 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%11.2%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,467,765
2 years$756,293$742,208$728,557$715,322$702,484$694,965
3 years$499,187$485,041$471,425$458,314$445,685$438,329
4 years$370,659$356,557$343,077$330,189$317,866$310,731
5 years$293,563$279,545$266,242$253,617$241,637$234,744
6 years$242,182$228,269$215,163$202,820$191,199$184,557
7 years$205,496$191,700$178,801$166,749$155,496$149,108
8 years$177,994$164,322$151,638$139,882$128,999$122,865
9 years$156,614$143,072$130,605$119,148$108,636$102,755
10 years$139,521$126,111$113,865$102,707$92,563$86,933
11 years$125,544$112,269$100,245$89,386$79,607$74,224
12 years$113,906$100,767$88,965$78,403$68,986$63,844
13 years$104,065$91,064$79,484$69,218$60,157$55,253
14 years$95,638$82,775$71,417$61,444$52,733$48,061
15 years$88,341$75,616$64,480$54,798$46,431$41,984
16 years$81,962$69,376$58,460$49,065$41,036$36,808
17 years$76,340$63,893$53,197$44,085$36,385$32,371
18 years$71,347$59,040$48,562$39,729$32,352$28,545
19 years$66,886$54,718$44,456$35,899$28,836$25,228
20 years$62,876$50,846$40,799$32,513$25,757$22,342
21 years$59,252$47,361$37,528$29,508$23,049$19,820
22 years$55,962$44,210$34,587$26,829$20,660$17,610
23 years$52,963$41,349$31,935$24,434$18,546$15,668
24 years$50,218$38,741$29,535$22,285$16,670$13,956
25 years$47,696$36,357$27,355$20,352$15,000$12,444
26 years$45,372$34,169$25,371$18,609$13,512$11,106
27 years$43,224$32,157$23,559$17,033$12,182$9,920
28 years$41,232$30,302$21,901$15,606$10,992$8,867
29 years$39,382$28,586$20,381$14,311$9,925$7,930
30 years$37,658$26,997$18,984$13,134$8,968$7,097
31 years$36,048$25,521$17,698$12,063$8,108$6,355
32 years$34,543$24,148$16,513$11,086$7,334$5,693
33 years$33,131$22,868$15,418$10,194$6,638$5,101
34 years$31,805$21,674$14,406$9,380$6,010$4,573
35 years$30,558$20,557$13,468$8,635$5,443$4,101
36 years$29,382$19,512$12,599$7,952$4,932$3,679
37 years$28,273$18,532$11,793$7,327$4,470$3,301
38 years$27,225$17,612$11,043$6,753$4,052$2,962
39 years$26,233$16,747$10,346$6,227$3,675$2,659
40 years$25,292$15,934$9,698$5,743$3,333$2,388
41 years$24,400$15,167$9,093$5,299$3,024$2,144
42 years$23,553$14,445$8,530$4,890$2,744$1,925
43 years$22,748$13,763$8,004$4,514$2,490$1,729
44 years$21,981$13,119$7,513$4,168$2,260$1,554
45 years$21,250$12,510$7,055$3,850$2,052$1,396
46 years$20,553$11,934$6,626$3,556$1,863$1,254
47 years$19,888$11,389$6,225$3,285$1,692$1,127
48 years$19,252$10,872$5,850$3,036$1,536$1,013
49 years$18,644$10,382$5,498$2,805$1,395$910
50 years$18,062$9,918$5,169$2,593$1,267$818

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $18,500,000, adding $5,533 every year, while hoping to spend $34,571 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: 39/45/16 Blend
63$18,500,000$18,500,000$18,500,000$18,500,000
64$20,392,707$19,412,207$19,125,457$21,090,112
65$22,435,980$20,326,622$19,729,377$22,502,639
66$24,686,508$21,284,685$20,352,369$24,025,220
67$27,165,395$22,288,497$20,995,036$25,670,797
68$29,895,895$23,340,264$21,658,000$27,450,509
69$32,903,635$24,442,295$22,341,901$29,376,564
70$36,216,852$25,597,014$23,047,402$31,462,354
71$39,866,665$26,806,961$23,775,183$33,722,563
72$43,887,363$28,074,801$24,525,950$36,173,302
73$48,316,732$29,403,324$25,300,428$38,832,251
74$53,196,412$30,795,460$26,099,366$41,718,810
75$58,572,288$32,254,280$26,923,536$44,854,277
76$64,494,923$33,783,001$27,773,736$48,262,035
77$71,020,037$35,385,000$28,650,788$51,967,761
78$78,209,032$37,063,816$29,555,541$55,999,655
79$86,129,570$38,823,160$30,488,868$60,388,694
80$94,856,215$40,666,923$31,451,673$65,168,909
81$104,471,132$42,599,185$32,444,888$70,377,694
82$115,064,867$44,624,225$33,469,471$76,056,143
83$126,737,200$46,746,529$34,526,416$82,249,420
84$139,598,087$48,970,801$35,616,742$89,007,172
85$153,768,695$51,301,974$36,741,507$96,383,978
86$169,382,551$53,745,219$37,901,796$104,439,845
87$186,586,798$56,305,962$39,098,733$113,240,759
88$205,543,585$58,989,888$40,333,474$122,859,285
89$226,431,600$61,802,962$41,607,215$133,375,233
90$249,447,754$64,751,437$42,921,187$144,876,386
91$274,809,039$67,841,872$44,276,662$157,459,309
92$302,754,581$71,081,144$45,674,949$171,230,237
93$333,547,890$74,476,462$47,117,403$186,306,050
94$367,479,357$78,035,390$48,605,417$202,815,351
95$404,868,984$81,765,857$50,140,431$220,899,653
96$446,069,416$85,676,180$51,723,931$240,714,687
97$491,469,261$89,775,077$53,357,448$262,431,839
98$541,496,764$94,071,695$55,042,561$286,239,738
99$596,623,849$98,575,622$56,780,901$312,346,004
100$657,370,570$103,296,916$58,574,150$340,979,172