Can I retire at age 64 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,545,806
2 years$797,174$782,328$767,939$753,988$740,456$731,223
3 years$526,170$511,260$496,907$483,087$469,776$460,747
4 years$390,695$375,830$361,621$348,037$335,048$326,294
5 years$309,431$294,655$280,633$267,326$254,698$246,244
6 years$255,273$240,608$226,793$213,783$201,534$193,391
7 years$216,603$202,062$188,466$175,763$163,901$156,073
8 years$187,615$173,205$159,834$147,443$135,972$128,459
9 years$165,080$150,806$137,665$125,589$114,508$107,308
10 years$147,062$132,928$120,020$108,259$97,566$90,676
11 years$132,330$118,338$105,663$94,217$83,910$77,325
12 years$120,063$106,214$93,774$82,641$72,715$66,429
13 years$109,690$95,986$83,780$72,960$63,409$57,416
14 years$100,807$87,249$75,277$64,766$55,584$49,878
15 years$93,116$79,703$67,965$57,760$48,940$43,513
16 years$86,392$73,126$61,620$51,717$43,254$38,098
17 years$80,466$67,347$56,072$46,468$38,352$33,459
18 years$75,204$62,231$51,187$41,877$34,101$29,462
19 years$70,501$57,675$46,859$37,839$30,395$26,002
20 years$66,274$53,595$43,005$34,271$27,149$22,994
21 years$62,455$49,921$39,556$31,103$24,295$20,369
22 years$58,987$46,600$36,457$28,280$21,777$18,071
23 years$55,826$43,584$33,662$25,755$19,549$16,053
24 years$52,932$40,835$31,131$23,490$17,571$14,277
25 years$50,274$38,322$28,834$21,452$15,811$12,711
26 years$47,824$36,016$26,742$19,615$14,242$11,327
27 years$45,560$33,896$24,832$17,954$12,840$10,101
28 years$43,461$31,940$23,085$16,450$11,586$9,014
29 years$41,511$30,131$21,482$15,085$10,462$8,050
30 years$39,694$28,456$20,010$13,844$9,453$7,192
31 years$37,997$26,900$18,655$12,715$8,546$6,430
32 years$36,410$25,453$17,405$11,685$7,731$5,750
33 years$34,922$24,105$16,251$10,745$6,996$5,145
34 years$33,524$22,846$15,184$9,887$6,334$4,604
35 years$32,209$21,669$14,196$9,101$5,737$4,122
36 years$30,971$20,567$13,280$8,382$5,198$3,691
37 years$29,801$19,534$12,430$7,723$4,711$3,307
38 years$28,696$18,564$11,640$7,118$4,271$2,963
39 years$27,651$17,653$10,906$6,564$3,873$2,655
40 years$26,660$16,795$10,222$6,054$3,513$2,379
41 years$25,719$15,987$9,585$5,585$3,187$2,133
42 years$24,826$15,226$8,991$5,155$2,892$1,912
43 years$23,977$14,507$8,437$4,758$2,625$1,715
44 years$23,169$13,828$7,919$4,394$2,383$1,538
45 years$22,399$13,186$7,436$4,058$2,163$1,379
46 years$21,664$12,579$6,984$3,748$1,964$1,237
47 years$20,963$12,005$6,561$3,463$1,783$1,110
48 years$20,293$11,460$6,166$3,200$1,619$995
49 years$19,652$10,944$5,796$2,957$1,471$893
50 years$19,039$10,454$5,449$2,733$1,336$801

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $19,500,000, adding $6,880 every year, while hoping to spend $41,514 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: 62/14/24 Blend
63$19,500,000$19,500,000$19,500,000$19,500,000
64$21,496,097$20,462,597$20,160,347$22,692,148
65$23,644,528$21,421,093$20,791,548$24,461,376
66$26,010,708$22,425,165$21,442,503$26,387,074
67$28,616,803$23,477,001$22,113,829$28,488,763
68$31,487,239$24,578,896$22,806,165$30,783,627
69$34,648,933$25,733,258$23,520,167$33,290,573
70$38,131,545$26,942,608$24,256,513$36,030,404
71$41,967,758$28,209,591$25,015,902$39,026,013
72$46,193,588$29,536,980$25,799,054$42,302,594
73$50,848,725$30,927,683$26,606,713$45,887,875
74$55,976,903$32,384,747$27,439,645$49,812,376
75$61,626,315$33,911,368$28,298,642$54,109,689
76$67,850,070$35,510,896$29,184,517$58,816,795
77$74,706,691$37,186,844$30,098,112$63,974,403
78$82,260,669$38,942,895$31,040,294$69,627,333
79$90,583,070$40,782,909$32,011,957$75,824,929
80$99,752,208$42,710,937$33,014,023$82,621,521
81$109,854,383$44,731,222$34,047,442$90,076,933
82$120,984,694$46,848,216$35,113,195$98,257,036
83$133,247,940$49,066,586$36,212,294$107,234,371
84$146,759,605$51,391,223$37,345,781$117,088,817
85$161,646,952$53,827,260$38,514,732$127,908,347
86$178,050,221$56,380,076$39,720,255$139,789,843
87$196,123,954$59,055,311$40,963,495$152,840,007
88$216,038,456$61,858,879$42,245,630$167,176,359
89$237,981,397$64,796,983$43,567,878$182,928,337
90$262,159,590$67,876,126$44,931,492$200,238,508
91$288,800,937$71,103,125$46,337,766$219,263,907
92$318,156,585$74,485,130$47,788,033$240,177,509
93$350,503,295$78,029,640$49,283,670$263,169,851
94$386,146,053$81,744,514$50,826,096$288,450,818
95$425,420,952$85,637,998$52,416,772$316,251,615
96$468,698,364$89,718,734$54,057,208$346,826,940
97$516,386,432$93,995,787$55,748,959$380,457,370
98$568,934,929$98,478,662$57,493,631$417,452,002
99$626,839,501$103,177,325$59,292,877$458,151,355
100$690,646,346$108,102,230$61,148,404$502,930,572