Can I retire at age 64 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,487,821
2 years$768,558$754,244$740,372$726,922$713,875$702,465
3 years$507,282$492,907$479,070$465,746$452,912$441,762
4 years$376,670$362,339$348,640$335,544$323,021$312,217
5 years$298,323$284,078$270,559$257,730$245,555$235,130
6 years$246,109$231,971$218,652$206,108$194,299$184,266
7 years$208,828$194,809$181,701$169,453$158,017$148,380
8 years$180,880$166,987$154,097$142,150$131,091$121,850
9 years$159,154$145,392$132,723$121,080$110,397$101,550
10 years$141,783$128,156$115,711$104,372$94,064$85,606
11 years$127,580$114,090$101,870$90,835$80,898$72,823
12 years$115,753$102,401$90,407$79,675$70,105$62,404
13 years$105,753$92,541$80,773$70,341$61,133$53,800
14 years$97,189$84,117$72,575$62,441$53,589$46,614
15 years$89,773$76,842$65,525$55,686$47,184$40,557
16 years$83,291$70,501$59,408$49,861$41,701$35,413
17 years$77,577$64,929$54,059$44,800$36,975$31,015
18 years$72,504$59,997$49,349$40,373$32,876$27,234
19 years$67,971$55,605$45,177$36,481$29,303$23,967
20 years$63,895$51,671$41,461$33,040$26,174$21,133
21 years$60,213$48,129$38,136$29,986$23,423$18,665
22 years$56,870$44,927$35,148$27,264$20,996$16,510
23 years$53,822$42,019$32,453$24,830$18,847$14,622
24 years$51,032$39,369$30,014$22,647$16,940$12,965
25 years$48,469$36,946$27,799$20,682$15,243$11,507
26 years$46,108$34,723$25,782$18,911$13,731$10,222
27 years$43,925$32,679$23,941$17,309$12,379$9,087
28 years$41,901$30,793$22,256$15,859$11,170$8,084
29 years$40,021$29,050$20,711$14,543$10,086$7,196
30 years$38,269$27,434$19,292$13,347$9,114$6,408
31 years$36,633$25,935$17,985$12,258$8,240$5,710
32 years$35,103$24,539$16,780$11,266$7,453$5,090
33 years$33,668$23,239$15,668$10,360$6,745$4,539
34 years$32,321$22,026$14,639$9,532$6,107$4,049
35 years$31,053$20,891$13,687$8,775$5,531$3,613
36 years$29,859$19,828$12,804$8,081$5,012$3,224
37 years$28,732$18,833$11,984$7,446$4,542$2,878
38 years$27,666$17,898$11,222$6,863$4,118$2,570
39 years$26,658$17,019$10,514$6,328$3,734$2,295
40 years$25,703$16,192$9,855$5,837$3,387$2,050
41 years$24,796$15,413$9,241$5,385$3,073$1,832
42 years$23,935$14,679$8,668$4,970$2,788$1,636
43 years$23,116$13,986$8,134$4,588$2,531$1,462
44 years$22,337$13,332$7,635$4,236$2,297$1,307
45 years$21,594$12,713$7,169$3,912$2,085$1,168
46 years$20,886$12,128$6,733$3,614$1,893$1,044
47 years$20,210$11,574$6,326$3,338$1,719$933
48 years$19,564$11,049$5,945$3,085$1,561$834
49 years$18,946$10,551$5,588$2,851$1,418$746
50 years$18,355$10,079$5,253$2,635$1,288$667

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $18,800,000, adding $5,621 every year, while hoping to spend $58,333 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: 61/30/9 Blend
63$18,800,000$18,800,000$18,800,000$18,800,000
64$20,723,398$19,726,998$19,435,598$21,946,108
65$22,775,119$20,631,555$20,024,625$23,670,192
66$25,034,160$21,578,480$20,631,429$25,543,361
67$27,521,607$22,569,788$21,256,544$27,585,743
68$30,260,693$23,607,590$21,900,520$29,813,673
69$33,277,020$24,694,099$22,563,924$32,245,111
70$36,598,799$25,831,633$23,247,339$34,899,804
71$40,257,117$27,022,623$23,951,365$37,799,471
72$44,286,228$28,269,617$24,676,621$40,967,997
73$48,723,880$29,575,284$25,423,744$44,431,656
74$53,611,666$30,942,423$26,193,390$48,219,351
75$58,995,422$32,373,968$26,986,235$52,362,880
76$64,925,655$33,872,993$27,802,973$56,897,226
77$71,458,021$35,442,719$28,644,323$61,860,885
78$78,653,853$37,086,526$29,511,021$67,296,215
79$86,580,734$38,807,953$30,403,828$73,249,834
80$95,313,138$40,610,712$31,323,526$79,773,047
81$104,933,134$42,498,694$32,270,920$86,922,319
82$115,531,159$44,475,975$33,246,841$94,759,805
83$127,206,870$46,546,830$34,252,143$103,353,923
84$140,070,087$48,715,741$35,287,706$112,779,987
85$154,241,827$50,987,403$36,354,435$123,120,910
86$169,855,450$53,366,742$37,453,265$134,467,975
87$187,057,912$55,858,919$38,585,156$146,921,685
88$206,011,157$58,469,345$39,751,097$160,592,696
89$226,893,644$61,203,691$40,952,107$175,602,851
90$249,902,028$64,067,905$42,189,236$192,086,316
91$275,253,023$67,068,220$43,463,563$210,190,831
92$303,185,440$70,211,172$44,776,201$230,079,093
93$333,962,447$73,503,611$46,128,296$251,930,269
94$367,874,050$76,952,721$47,521,027$275,941,679
95$405,239,830$80,566,032$48,955,609$302,330,635
96$446,411,963$84,351,437$50,433,292$331,336,476
97$491,778,540$88,317,214$51,955,363$363,222,810
98$541,767,233$92,472,040$53,523,150$398,279,982
99$596,849,332$96,825,011$55,138,017$436,827,793
100$657,544,194$101,385,666$56,801,370$479,218,496