Can I retire at age 64 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%19.7%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,448,460
2 years$772,646$758,256$744,310$730,788$717,673$659,290
3 years$509,981$495,529$481,618$468,223$455,321$399,046
4 years$378,674$364,266$350,494$337,328$324,739$270,999
5 years$299,910$285,589$271,998$259,101$246,861$195,795
6 years$247,418$233,205$219,815$207,205$195,333$146,974
7 years$209,939$195,845$182,667$170,354$158,858$113,190
8 years$181,842$167,875$154,916$142,906$131,788$88,767
9 years$160,000$146,166$133,429$121,724$110,985$70,546
10 years$142,537$128,838$116,327$104,928$94,564$56,631
11 years$128,259$114,697$102,412$91,318$81,329$45,815
12 years$116,368$102,946$90,888$80,099$70,478$37,289
13 years$106,315$93,033$81,203$70,715$61,458$30,496
14 years$97,706$84,564$72,961$62,773$53,874$25,037
15 years$90,251$77,251$65,874$55,982$47,435$20,619
16 years$83,734$70,876$59,724$50,126$41,923$17,023
17 years$77,990$65,274$54,347$45,038$37,172$14,083
18 years$72,890$60,317$49,612$40,588$33,051$11,670
19 years$68,332$55,901$45,417$36,675$29,459$9,685
20 years$64,235$51,946$41,681$33,216$26,314$8,046
21 years$60,533$48,385$38,339$30,146$23,548$6,691
22 years$57,172$45,166$35,335$27,409$21,107$5,568
23 years$54,108$42,243$32,626$24,962$18,947$4,637
24 years$51,303$39,579$30,173$22,767$17,030$3,863
25 years$48,727$37,143$27,947$20,792$15,324$3,220
26 years$46,353$34,908$25,919$19,011$13,804$2,685
27 years$44,158$32,853$24,068$17,402$12,445$2,240
28 years$42,124$30,957$22,374$15,944$11,230$1,869
29 years$40,233$29,204$20,821$14,621$10,140$1,560
30 years$38,472$27,580$19,394$13,418$9,162$1,302
31 years$36,828$26,073$18,081$12,323$8,283$1,087
32 years$35,289$24,670$16,870$11,326$7,493$907
33 years$33,847$23,363$15,751$10,415$6,781$758
34 years$32,493$22,143$14,717$9,582$6,140$633
35 years$31,218$21,002$13,759$8,821$5,561$528
36 years$30,018$19,934$12,872$8,124$5,038$441
37 years$28,884$18,933$12,048$7,485$4,566$369
38 years$27,813$17,993$11,282$6,899$4,140$308
39 years$26,800$17,109$10,570$6,362$3,754$257
40 years$25,839$16,278$9,907$5,868$3,405$215
41 years$24,928$15,495$9,290$5,414$3,089$179
42 years$24,062$14,757$8,714$4,996$2,803$150
43 years$23,239$14,061$8,177$4,612$2,544$125
44 years$22,456$13,403$7,676$4,258$2,309$105
45 years$21,709$12,781$7,207$3,933$2,096$87
46 years$20,997$12,192$6,769$3,633$1,903$73
47 years$20,318$11,635$6,360$3,356$1,728$61
48 years$19,668$11,107$5,976$3,101$1,570$51
49 years$19,047$10,607$5,617$2,866$1,426$43
50 years$18,453$10,132$5,281$2,649$1,295$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $18,900,000, adding $2,957 every year, while hoping to spend $39,455 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: 72/18/10 Blend
63$18,900,000$18,900,000$18,900,000$18,900,000
64$20,830,850$19,829,150$19,536,200$22,290,975
65$22,913,617$20,758,799$20,148,683$24,186,217
66$25,207,504$21,732,678$20,780,362$26,255,563
67$27,734,003$22,752,913$21,431,838$28,520,277
68$30,516,798$23,821,732$22,103,731$30,999,633
69$33,581,987$24,941,473$22,796,682$33,714,846
70$36,958,328$26,114,583$23,511,349$36,689,266
71$40,677,512$27,343,632$24,248,413$39,948,592
72$44,774,460$28,631,312$25,008,577$43,521,113
73$49,287,653$29,980,444$25,792,563$47,437,970
74$54,259,497$31,393,990$26,601,117$51,733,445
75$59,736,722$32,875,051$27,435,010$56,445,281
76$65,770,820$34,426,881$28,295,035$61,615,030
77$72,418,536$36,052,891$29,182,012$67,288,445
78$79,742,400$37,756,656$30,096,783$73,515,903
79$87,811,320$39,541,927$31,040,220$80,352,875
80$96,701,228$41,412,635$32,013,221$87,860,445
81$106,495,801$43,372,902$33,016,711$96,105,880
82$117,287,249$45,427,050$34,051,647$105,163,257
83$129,177,184$47,579,611$35,119,012$115,114,157
84$142,277,581$49,835,336$36,219,824$126,048,429
85$156,711,835$52,199,208$37,355,128$138,065,028
86$172,615,923$54,676,451$38,526,007$151,272,942
87$190,139,693$57,272,542$39,733,574$165,792,215
88$209,448,271$59,993,226$40,978,978$181,755,069
89$230,723,625$62,844,525$42,263,404$199,307,144
90$254,166,282$65,832,753$43,588,075$218,608,866
91$279,997,218$68,964,534$44,954,251$239,836,947
92$308,459,948$72,246,810$46,363,232$263,186,047
93$339,822,822$75,686,862$47,816,359$288,870,598
94$374,381,557$79,292,326$49,315,015$317,126,821
95$412,462,033$83,071,207$50,860,625$348,214,939
96$454,423,364$87,031,900$52,454,660$382,421,626
97$500,661,292$91,183,208$54,098,636$420,062,699
98$551,611,922$95,534,364$55,794,118$461,486,085
99$607,755,836$100,095,045$57,542,719$507,075,093
100$669,622,634$104,875,405$59,346,102$557,252,017