Can I retire at age 64 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,498,764
2 years$788,998$774,304$760,063$746,255$732,861$692,590
3 years$520,774$506,016$491,811$478,133$464,957$425,919
4 years$386,688$371,975$357,912$344,468$331,612$294,106
5 years$306,257$291,633$277,755$264,584$252,086$216,218
6 years$252,655$238,140$224,467$211,590$199,467$165,271
7 years$214,382$199,990$186,533$173,960$162,220$129,698
8 years$185,691$171,428$158,195$145,931$134,577$103,714
9 years$163,387$149,259$136,253$124,301$113,333$84,102
10 years$145,554$131,565$118,789$107,148$96,566$68,929
11 years$130,973$117,124$104,580$93,251$83,050$56,967
12 years$118,831$105,124$92,812$81,794$71,969$47,393
13 years$108,565$95,002$82,921$72,212$62,759$39,639
14 years$99,774$86,354$74,505$64,101$55,014$33,297
15 years$92,161$78,886$67,268$57,167$48,438$28,070
16 years$85,506$72,376$60,988$51,187$42,810$23,733
17 years$79,641$66,656$55,497$45,991$37,958$20,116
18 years$74,433$61,593$50,662$41,447$33,751$17,085
19 years$69,778$57,084$46,378$37,451$30,083$14,535
20 years$65,595$53,045$42,564$33,919$26,871$12,384
21 years$61,814$49,409$39,150$30,784$24,046$10,564
22 years$58,382$46,122$36,083$27,990$21,554$9,021
23 years$55,253$43,137$33,316$25,491$19,348$7,710
24 years$52,389$40,416$30,812$23,249$17,390$6,595
25 years$49,758$37,929$28,538$21,232$15,649$5,644
26 years$47,334$35,647$26,468$19,414$14,096$4,833
27 years$45,093$33,548$24,578$17,770$12,709$4,141
28 years$43,015$31,612$22,848$16,281$11,467$3,549
29 years$41,085$29,822$21,262$14,930$10,355$3,043
30 years$39,286$28,164$19,805$13,702$9,356$2,610
31 years$37,607$26,624$18,463$12,584$8,459$2,239
32 years$36,036$25,192$17,227$11,565$7,652$1,921
33 years$34,563$23,857$16,085$10,635$6,925$1,648
34 years$33,180$22,611$15,029$9,785$6,269$1,415
35 years$31,879$21,446$14,051$9,008$5,678$1,214
36 years$30,653$20,356$13,144$8,296$5,145$1,043
37 years$29,496$19,333$12,303$7,644$4,663$895
38 years$28,402$18,374$11,521$7,045$4,228$769
39 years$27,367$17,471$10,794$6,496$3,834$660
40 years$26,386$16,623$10,117$5,992$3,477$567
41 years$25,456$15,823$9,487$5,528$3,155$487
42 years$24,572$15,070$8,899$5,102$2,863$418
43 years$23,731$14,358$8,350$4,710$2,598$359
44 years$22,931$13,686$7,838$4,349$2,358$308
45 years$22,169$13,051$7,360$4,016$2,141$265
46 years$21,442$12,450$6,912$3,710$1,944$228
47 years$20,748$11,881$6,494$3,427$1,765$195
48 years$20,085$11,342$6,103$3,167$1,603$168
49 years$19,450$10,831$5,736$2,927$1,456$144
50 years$18,844$10,347$5,393$2,705$1,322$124

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $19,300,000, adding $6,128 every year, while hoping to spend $49,278 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: 63/12/25 Blend
63$19,300,000$19,300,000$19,300,000$19,300,000
64$21,274,921$20,252,021$19,952,871$22,474,478
65$23,392,532$21,191,939$20,568,861$24,226,736
66$25,724,487$22,176,261$21,203,835$26,133,817
67$28,292,598$23,207,111$21,858,376$28,215,768
68$31,120,899$24,286,715$22,533,088$30,489,712
69$34,235,874$25,417,408$23,228,590$32,974,489
70$37,666,707$26,601,635$23,945,522$35,690,833
71$41,445,556$27,841,960$24,684,542$38,661,565
72$45,607,859$29,141,072$25,446,330$41,911,800
73$50,192,664$30,501,788$26,231,585$45,469,186
74$55,243,003$31,927,062$27,041,030$49,364,154
75$60,806,293$33,419,992$27,875,409$53,630,208
76$66,934,786$34,983,823$28,735,486$58,304,230
77$73,686,063$36,621,959$29,622,054$63,426,829
78$81,123,573$38,337,967$30,535,925$69,042,716
79$89,317,238$40,135,588$31,477,939$75,201,121
80$98,344,107$42,018,743$32,448,960$81,956,254
81$108,289,087$43,991,542$33,449,881$89,367,812
82$119,245,742$46,058,296$34,481,621$97,501,531
83$131,317,178$48,223,522$35,545,125$106,429,807
84$144,617,014$50,491,959$36,641,370$116,232,371
85$159,270,455$52,868,571$37,771,363$126,997,033
86$175,415,477$55,358,566$38,936,139$138,820,506
87$193,204,123$57,967,403$40,136,767$151,809,313
88$212,803,944$60,700,806$41,374,348$166,080,782
89$234,399,576$63,564,775$42,650,019$181,764,148
90$258,194,485$66,565,602$43,964,947$199,001,763
91$284,412,889$69,709,883$45,320,339$217,950,436
92$313,301,872$73,004,535$46,717,438$238,782,897
93$345,133,714$76,456,809$48,157,524$261,689,426
94$380,208,469$80,074,308$49,641,917$286,879,635
95$418,856,789$83,865,006$51,171,977$314,584,439
96$461,443,050$87,837,259$52,749,107$345,058,223
97$508,368,790$91,999,834$54,374,751$378,581,237
98$560,076,499$96,361,918$56,050,398$415,462,226
99$617,053,799$100,933,149$57,777,583$456,041,335
100$679,838,042$105,723,630$59,557,888$500,693,308