Can I retire at age 64 with 19,000,000?

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 $19,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,488,151
2 years$776,734$762,268$748,248$734,655$721,470$694,424
3 years$512,679$498,150$484,166$470,701$457,730$431,417
4 years$380,677$366,193$352,349$339,113$326,457$301,079
5 years$301,497$287,100$273,437$260,471$248,167$223,798
6 years$248,727$234,439$220,978$208,301$196,366$173,032
7 years$211,050$196,881$183,634$171,256$159,698$137,407
8 years$182,804$168,764$155,736$143,662$132,485$111,230
9 years$160,847$146,939$134,135$122,368$111,572$91,341
10 years$143,292$129,520$116,942$105,483$95,065$75,841
11 years$128,937$115,304$102,954$91,802$81,759$63,520
12 years$116,984$103,490$91,369$80,522$70,850$53,573
13 years$106,878$93,525$81,632$71,089$61,783$45,439
14 years$98,223$85,012$73,347$63,105$54,159$38,720
15 years$90,728$77,660$66,222$56,279$47,686$33,122
16 years$84,177$71,251$60,040$50,391$42,145$28,424
17 years$78,403$65,620$54,634$45,276$37,368$24,460
18 years$73,276$60,636$49,874$40,803$33,226$21,096
19 years$68,694$56,197$45,657$36,869$29,615$18,231
20 years$64,575$52,221$41,902$33,392$26,453$15,781
21 years$60,853$48,641$38,542$30,305$23,672$13,679
22 years$57,475$45,405$35,522$27,554$21,219$11,873
23 years$54,394$42,466$32,798$25,094$19,047$10,315
24 years$51,575$39,788$30,333$22,888$17,120$8,970
25 years$48,985$37,339$28,094$20,902$15,406$7,807
26 years$46,598$35,093$26,056$19,112$13,877$6,799
27 years$44,392$33,026$24,195$17,494$12,511$5,925
28 years$42,347$31,121$22,493$16,028$11,289$5,165
29 years$40,446$29,359$20,931$14,698$10,194$4,505
30 years$38,676$27,726$19,497$13,489$9,211$3,931
31 years$37,023$26,211$18,176$12,389$8,327$3,432
32 years$35,476$24,800$16,959$11,385$7,533$2,996
33 years$34,026$23,486$15,835$10,470$6,817$2,617
34 years$32,665$22,260$14,795$9,633$6,172$2,286
35 years$31,384$21,113$13,832$8,868$5,590$1,997
36 years$30,176$20,039$12,940$8,167$5,065$1,745
37 years$29,037$19,033$12,111$7,525$4,591$1,525
38 years$27,961$18,088$11,342$6,936$4,162$1,333
39 years$26,942$17,200$10,626$6,395$3,774$1,166
40 years$25,976$16,364$9,960$5,899$3,423$1,019
41 years$25,060$15,577$9,339$5,442$3,106$891
42 years$24,190$14,835$8,760$5,023$2,818$779
43 years$23,362$14,135$8,220$4,636$2,558$681
44 years$22,575$13,474$7,716$4,281$2,321$596
45 years$21,824$12,848$7,245$3,954$2,107$521
46 years$21,108$12,257$6,805$3,652$1,913$456
47 years$20,425$11,697$6,393$3,374$1,738$399
48 years$19,772$11,166$6,008$3,118$1,578$349
49 years$19,148$10,663$5,647$2,881$1,433$305
50 years$18,551$10,186$5,309$2,663$1,302$267

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $19,000,000, adding $2,797 every year, while hoping to spend $51,192 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: 78/9/13 Blend
63$19,000,000$19,000,000$19,000,000$19,000,000
64$20,940,885$19,933,885$19,639,385$22,520,300
65$23,022,387$20,856,178$20,242,837$24,482,692
66$25,314,487$21,821,947$20,864,788$26,627,782
67$27,838,612$22,833,269$21,505,805$28,979,177
68$30,618,371$23,892,320$22,166,471$31,557,457
69$33,679,783$25,001,382$22,847,385$34,385,281
70$37,051,517$26,162,845$23,549,168$37,487,602
71$40,765,163$27,379,216$24,272,458$40,891,896
72$44,855,535$28,653,124$25,017,910$44,628,424
73$49,360,994$29,987,320$25,786,204$48,730,510
74$54,323,810$31,384,694$26,578,037$53,234,855
75$59,790,565$32,848,270$27,394,128$58,181,882
76$65,812,590$34,381,223$28,235,218$63,616,111
77$72,446,448$35,986,876$29,102,072$69,586,579
78$79,754,470$37,668,718$29,995,475$76,147,298
79$87,805,343$39,430,402$30,916,241$83,357,763
80$96,674,756$41,275,759$31,865,203$91,283,507
81$106,446,117$43,208,808$32,843,223$99,996,721
82$117,211,339$45,233,757$33,851,189$109,576,925
83$129,071,706$47,355,022$34,890,015$120,111,719
84$142,138,833$49,577,231$35,960,643$131,697,606
85$156,535,713$51,905,235$37,064,044$144,440,896
86$172,397,886$54,344,121$38,201,219$158,458,707
87$189,874,708$56,899,221$39,373,198$173,880,064
88$209,130,773$59,576,127$40,581,044$190,847,113
89$230,347,454$62,380,700$41,825,852$209,516,459
90$253,724,625$65,319,085$43,108,749$230,060,636
91$279,482,542$68,397,725$44,430,897$252,669,732
92$307,863,924$71,623,377$45,793,495$277,553,177
93$339,136,243$75,003,121$47,197,776$304,941,716
94$373,594,250$78,544,384$48,645,011$335,089,575
95$411,562,756$82,254,951$50,136,511$368,276,862
96$453,399,699$86,142,985$51,673,626$404,812,197
97$499,499,523$90,217,046$53,257,747$445,035,625
98$550,296,900$94,486,107$54,890,308$489,321,812
99$606,270,835$98,959,578$56,572,784$538,083,579
100$667,949,187$103,647,323$58,306,699$591,775,788