Can I retire at age 64 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%11%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,484,881
2 years$764,470$750,232$736,434$723,055$710,078$703,735
3 years$504,584$490,285$476,521$463,268$450,503$444,296
4 years$374,667$360,411$346,785$333,759$321,302$315,279
5 years$296,736$282,567$269,120$256,359$244,249$238,428
6 years$244,800$230,737$217,489$205,012$193,266$187,654
7 years$207,717$193,773$180,734$168,552$157,177$151,778
8 years$179,918$166,099$153,277$141,394$130,393$125,207
9 years$158,307$144,619$132,017$120,436$109,810$104,835
10 years$141,029$127,475$115,096$103,817$93,564$88,798
11 years$126,902$113,483$101,328$90,352$80,468$75,909
12 years$115,137$101,856$89,926$79,251$69,732$65,375
13 years$105,190$92,048$80,343$69,967$60,807$56,650
14 years$96,672$83,669$72,189$62,109$53,303$49,340
15 years$89,296$76,434$65,177$55,390$46,933$43,158
16 years$82,848$70,126$59,092$49,596$41,479$37,889
17 years$77,165$64,584$53,772$44,561$36,778$33,367
18 years$72,119$59,678$49,087$40,159$32,702$29,464
19 years$67,609$55,309$44,936$36,287$29,148$26,078
20 years$63,555$51,396$41,240$32,865$26,035$23,128
21 years$59,893$47,873$37,933$29,827$23,299$20,548
22 years$56,567$44,688$34,961$27,119$20,884$18,283
23 years$53,535$41,796$32,281$24,698$18,747$16,291
24 years$50,760$39,160$29,854$22,526$16,850$14,533
25 years$48,211$36,750$27,651$20,572$15,162$12,978
26 years$45,862$34,539$25,645$18,810$13,658$11,601
27 years$43,691$32,505$23,813$17,217$12,314$10,378
28 years$41,678$30,629$22,138$15,775$11,111$9,291
29 years$39,808$28,895$20,601$14,466$10,033$8,323
30 years$38,065$27,288$19,189$13,276$9,065$7,461
31 years$36,438$25,797$17,889$12,193$8,196$6,691
32 years$34,916$24,409$16,691$11,206$7,414$6,004
33 years$33,489$23,116$15,585$10,305$6,709$5,389
34 years$32,149$21,908$14,561$9,481$6,075$4,839
35 years$30,888$20,780$13,614$8,728$5,502$4,347
36 years$29,700$19,723$12,735$8,038$4,985$3,906
37 years$28,579$18,732$11,920$7,406$4,518$3,511
38 years$27,519$17,802$11,163$6,826$4,096$3,156
39 years$26,516$16,928$10,458$6,294$3,714$2,838
40 years$25,566$16,106$9,802$5,806$3,369$2,552
41 years$24,664$15,331$9,192$5,356$3,057$2,296
42 years$23,808$14,601$8,622$4,943$2,774$2,065
43 years$22,993$13,912$8,091$4,563$2,517$1,858
44 years$22,218$13,261$7,594$4,213$2,285$1,672
45 years$21,480$12,645$7,131$3,891$2,074$1,505
46 years$20,775$12,063$6,698$3,594$1,883$1,355
47 years$20,103$11,512$6,292$3,321$1,710$1,219
48 years$19,460$10,990$5,913$3,068$1,553$1,098
49 years$18,846$10,495$5,558$2,836$1,410$988
50 years$18,258$10,025$5,225$2,621$1,281$890

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $18,700,000, adding $6,378 every year, while hoping to spend $35,288 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: 67/6/27 Blend
63$18,700,000$18,700,000$18,700,000$18,700,000
64$20,613,979$19,622,879$19,333,029$21,849,446
65$22,679,059$20,546,854$19,943,139$23,606,124
66$24,953,594$21,514,921$20,572,506$25,522,151
67$27,458,911$22,529,203$21,221,736$27,617,029
68$30,218,513$23,591,927$21,891,457$29,908,424
69$33,258,296$24,705,426$22,582,315$32,415,786
70$36,606,798$25,872,148$23,294,979$35,160,526
71$40,295,467$27,094,658$24,030,135$38,166,214
72$44,358,954$28,375,646$24,788,495$41,458,806
73$48,835,448$29,717,933$25,570,790$45,066,878
74$53,767,029$31,124,477$26,377,776$49,021,896
75$59,200,067$32,598,378$27,210,233$53,358,512
76$65,185,663$34,142,887$28,068,965$58,114,882
77$71,780,126$35,761,414$28,954,800$63,333,029
78$79,045,508$37,457,532$29,868,595$69,059,233
79$87,050,189$39,234,990$30,811,232$75,344,463
80$95,869,521$41,097,718$31,783,622$82,244,856
81$105,586,543$43,049,837$32,786,703$89,822,244
82$116,292,757$45,095,666$33,821,446$98,144,731
83$128,089,002$47,239,737$34,888,848$107,287,332
84$141,086,397$49,486,801$35,989,941$117,332,680
85$155,407,395$51,841,839$37,125,789$128,371,795
86$171,186,935$54,310,075$38,297,488$140,504,945
87$188,573,719$56,896,986$39,506,171$153,842,582
88$207,731,616$59,608,315$40,753,005$168,506,385
89$228,841,204$62,450,087$42,039,194$184,630,399
90$252,101,481$65,428,615$43,365,981$202,362,293
91$277,731,738$68,550,523$44,734,648$221,864,756
92$305,973,632$71,822,755$46,146,515$243,317,018
93$337,093,467$75,252,595$47,602,948$266,916,540
94$371,384,706$78,847,678$49,105,353$292,880,874
95$409,170,745$82,616,013$50,655,181$321,449,702
96$450,807,961$86,565,998$52,253,929$352,887,100
97$496,689,080$90,706,438$53,903,143$387,484,017
98$547,246,882$95,046,570$55,604,414$425,561,020
99$602,958,289$99,596,076$57,359,386$467,471,307
100$664,348,864$104,365,114$59,169,756$513,604,035