Can I retire at age 64 with 19,400,000?

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 $19,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,528,286
2 years$793,086$778,316$764,001$750,121$736,659$717,842
3 years$523,472$508,638$494,359$480,610$467,367$449,015
4 years$388,691$373,903$359,767$346,252$333,330$315,585
5 years$307,844$293,144$279,194$265,955$253,392$236,305
6 years$253,964$239,374$225,630$212,686$200,500$184,093
7 years$215,493$201,026$187,500$174,861$163,061$147,338
8 years$186,653$172,317$159,015$146,687$135,274$120,236
9 years$164,233$150,033$136,959$124,945$113,921$99,560
10 years$146,308$132,246$119,404$107,703$97,066$83,374
11 years$131,652$117,731$105,121$93,734$83,480$70,443
12 years$119,447$105,669$93,293$82,218$72,342$59,947
13 years$109,128$95,494$83,351$72,586$63,084$51,315
14 years$100,290$86,801$74,891$64,434$55,299$44,139
15 years$92,638$79,295$67,617$57,463$48,689$38,120
16 years$85,949$72,751$61,304$51,452$43,032$33,035
17 years$80,053$67,001$55,784$46,229$38,155$28,711
18 years$74,818$61,912$50,924$41,662$33,926$25,014
19 years$70,140$57,380$46,619$37,645$30,239$21,839
20 years$65,934$53,320$42,784$34,095$27,010$19,102
21 years$62,135$49,665$39,353$30,943$24,171$16,734
22 years$58,685$46,361$36,270$28,135$21,666$14,680
23 years$55,539$43,360$33,489$25,623$19,448$12,893
24 years$52,661$40,626$30,972$23,369$17,481$11,335
25 years$50,016$38,125$28,686$21,342$15,730$9,974
26 years$47,579$35,832$26,605$19,514$14,169$8,784
27 years$45,326$33,722$24,705$17,862$12,774$7,741
28 years$43,238$31,776$22,966$16,365$11,527$6,826
29 years$41,298$29,977$21,372$15,007$10,408$6,022
30 years$39,490$28,310$19,907$13,773$9,404$5,315
31 years$37,802$26,762$18,559$12,649$8,503$4,694
32 years$36,223$25,323$17,316$11,625$7,691$4,146
33 years$34,743$23,981$16,168$10,690$6,961$3,663
34 years$33,352$22,728$15,106$9,836$6,302$3,238
35 years$32,044$21,558$14,123$9,055$5,708$2,863
36 years$30,812$20,461$13,212$8,339$5,172$2,531
37 years$29,648$19,434$12,366$7,683$4,687$2,239
38 years$28,549$18,469$11,581$7,082$4,249$1,980
39 years$27,509$17,562$10,850$6,530$3,854$1,752
40 years$26,523$16,709$10,169$6,023$3,495$1,550
41 years$25,587$15,905$9,536$5,557$3,171$1,372
42 years$24,699$15,148$8,945$5,128$2,877$1,214
43 years$23,854$14,433$8,393$4,734$2,611$1,075
44 years$23,050$13,757$7,879$4,371$2,370$951
45 years$22,284$13,119$7,398$4,037$2,152$842
46 years$21,553$12,515$6,948$3,729$1,954$746
47 years$20,855$11,943$6,528$3,445$1,774$660
48 years$20,189$11,401$6,134$3,183$1,611$584
49 years$19,551$10,887$5,766$2,942$1,463$518
50 years$18,941$10,400$5,421$2,719$1,329$458

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $19,400,000, adding $5,818 every year, while hoping to spend $38,104 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: 55/33/12 Blend
63$19,400,000$19,400,000$19,400,000$19,400,000
64$21,384,801$20,356,601$20,055,901$22,495,048
65$23,525,509$21,313,532$20,687,232$24,205,640
66$25,883,291$22,316,076$21,338,434$26,062,602
67$28,480,250$23,366,427$22,010,135$28,083,623
68$31,340,740$24,466,886$22,702,979$30,284,343
69$34,491,598$25,619,867$23,417,632$32,681,943
70$37,962,398$26,827,897$24,154,780$35,295,310
71$41,785,729$28,093,630$24,915,130$38,145,202
72$45,997,501$29,419,845$25,699,415$41,254,437
73$50,637,286$30,809,458$26,508,386$44,648,103
74$55,748,694$32,265,526$27,342,821$48,353,786
75$61,379,776$33,791,252$28,203,521$52,401,818
76$67,583,488$35,389,998$29,091,313$56,825,563
77$74,418,181$37,065,286$30,007,050$61,661,712
78$81,948,161$38,820,810$30,951,612$66,950,628
79$90,244,287$40,660,444$31,925,904$72,736,714
80$99,384,647$42,588,248$32,930,865$79,068,819
81$109,455,290$44,608,481$33,967,457$86,000,693
82$120,551,040$46,725,607$35,036,678$93,591,478
83$132,776,394$48,944,310$36,139,555$101,906,257
84$146,246,502$51,269,496$37,277,145$111,016,653
85$161,088,258$53,706,315$38,450,543$121,001,496
86$177,441,499$56,260,164$39,660,875$131,947,548
87$195,460,322$58,936,701$40,909,304$143,950,310
88$215,314,537$61,741,862$42,197,028$157,114,909
89$237,191,277$64,681,870$43,525,285$171,557,072
90$261,296,755$67,763,249$44,895,350$187,404,204
91$287,858,219$70,992,844$46,308,540$204,796,572
92$317,126,092$74,377,828$47,766,211$223,888,608
93$349,376,338$77,925,726$49,269,763$244,850,354
94$384,913,065$81,644,427$50,820,641$267,869,039
95$424,071,400$85,542,206$52,420,334$293,150,833
96$467,220,646$89,627,737$54,070,379$320,922,765
97$514,767,775$93,910,120$55,772,360$351,434,847
98$567,161,266$98,398,894$57,527,912$384,962,407
99$624,895,340$103,104,064$59,338,721$421,808,666
100$688,514,623$108,036,121$61,206,527$462,307,568