Can I retire at age 64 with 19,700,000?

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 $19,700,000?

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$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,551,919
2 years$805,350$790,351$775,815$761,721$748,050$728,943
3 years$531,567$516,503$502,004$488,042$474,594$455,959
4 years$394,702$379,685$365,330$351,607$338,484$320,465
5 years$312,605$297,677$283,511$270,068$257,310$239,960
6 years$257,891$243,076$229,119$215,975$203,601$186,940
7 years$218,825$204,135$190,399$177,565$165,582$149,617
8 years$189,539$174,981$161,474$148,955$137,366$122,095
9 years$166,773$152,353$139,077$126,877$115,682$101,100
10 years$148,571$134,291$121,251$109,369$98,567$84,663
11 years$133,688$119,552$106,747$95,184$84,771$71,533
12 years$121,294$107,303$94,735$83,489$73,461$60,874
13 years$110,815$96,971$84,640$73,708$64,059$52,108
14 years$101,841$88,144$76,049$65,430$56,154$44,821
15 years$94,071$80,521$68,662$58,352$49,442$38,710
16 years$87,278$73,876$62,253$52,248$43,697$33,546
17 years$81,291$68,037$56,647$46,944$38,745$29,155
18 years$75,975$62,870$51,712$42,306$34,450$25,401
19 years$71,225$58,267$47,339$38,227$30,706$22,177
20 years$66,954$54,144$43,446$34,622$27,427$19,397
21 years$63,095$50,433$39,962$31,422$24,544$16,993
22 years$59,592$47,078$36,831$28,570$22,001$14,907
23 years$56,398$44,031$34,007$26,019$19,749$13,092
24 years$53,475$41,254$31,451$23,731$17,751$11,510
25 years$50,790$38,715$29,130$21,672$15,973$10,128
26 years$48,315$36,386$27,016$19,816$14,388$8,920
27 years$46,027$34,243$25,087$18,138$12,972$7,860
28 years$43,907$32,267$23,322$16,618$11,705$6,931
29 years$41,936$30,440$21,703$15,239$10,569$6,115
30 years$40,101$28,748$20,215$13,986$9,550$5,398
31 years$38,387$27,176$18,846$12,845$8,634$4,766
32 years$36,783$25,714$17,584$11,805$7,810$4,210
33 years$35,280$24,352$16,418$10,856$7,068$3,720
34 years$33,868$23,080$15,340$9,988$6,399$3,288
35 years$32,540$21,891$14,342$9,195$5,796$2,907
36 years$31,288$20,778$13,416$8,468$5,252$2,571
37 years$30,107$19,734$12,558$7,802$4,760$2,273
38 years$28,991$18,754$11,760$7,191$4,315$2,011
39 years$27,934$17,834$11,017$6,631$3,913$1,779
40 years$26,933$16,967$10,327$6,116$3,549$1,574
41 years$25,983$16,151$9,683$5,643$3,220$1,393
42 years$25,081$15,382$9,083$5,208$2,922$1,233
43 years$24,223$14,656$8,523$4,807$2,652$1,091
44 years$23,406$13,970$8,001$4,439$2,407$966
45 years$22,628$13,322$7,512$4,099$2,185$855
46 years$21,886$12,708$7,056$3,787$1,984$757
47 years$21,178$12,128$6,629$3,498$1,802$670
48 years$20,501$11,577$6,229$3,233$1,636$594
49 years$19,854$11,056$5,855$2,987$1,486$526
50 years$19,234$10,561$5,505$2,761$1,350$465

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $19,700,000, adding $5,753 every year, while hoping to spend $27,714 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: 60/13/27 Blend
63$19,700,000$19,700,000$19,700,000$19,700,000
64$21,715,334$20,671,234$20,365,884$22,859,659
65$23,900,811$21,654,637$21,018,654$24,623,668
66$26,308,277$22,685,298$21,692,362$26,544,103
67$28,960,347$23,765,503$22,387,682$28,639,058
68$31,881,940$24,897,650$23,105,307$30,925,531
69$35,100,515$26,084,253$23,845,952$33,422,222
70$38,646,334$27,327,948$24,610,358$36,149,704
71$42,552,742$28,631,499$25,399,287$39,130,616
72$46,856,484$29,997,805$26,213,526$42,389,868
73$51,598,055$31,429,906$27,053,887$45,954,877
74$56,822,074$32,930,990$27,921,211$49,855,816
75$62,577,716$34,504,399$28,816,362$54,125,893
76$68,919,167$36,153,638$29,740,234$58,801,666
77$75,906,140$37,882,383$30,693,749$63,923,375
78$83,604,435$39,694,490$31,677,859$69,535,319
79$92,086,567$41,593,999$32,693,547$75,686,270
80$101,432,443$43,585,151$33,741,826$82,429,923
81$111,730,118$45,672,390$34,823,744$89,825,400
82$123,076,631$47,860,378$35,940,380$97,937,799
83$135,578,915$50,154,004$37,092,850$106,838,803
84$149,354,808$52,558,394$38,282,305$116,607,346
85$164,534,168$55,078,924$39,509,931$127,330,355
86$181,260,096$57,721,234$40,776,956$139,103,559
87$199,690,286$60,491,235$42,084,645$152,032,386
88$219,998,518$63,395,129$43,434,304$166,232,950
89$242,376,295$66,439,418$44,827,280$181,833,134
90$267,034,649$69,630,921$46,264,967$198,973,792
91$294,206,139$72,976,792$47,748,798$217,810,067
92$324,147,040$76,484,529$49,280,258$238,512,847
93$357,139,767$80,162,000$50,860,876$261,270,363
94$393,495,538$84,017,454$52,492,230$286,289,958
95$433,557,316$88,059,541$54,175,952$313,800,034
96$477,703,039$92,297,336$55,913,724$344,052,191
97$526,349,196$96,740,353$57,707,281$377,323,594
98$579,954,756$101,398,572$59,558,417$413,919,573
99$639,025,498$106,282,459$61,468,981$454,176,495
100$704,118,790$111,402,990$63,440,882$498,464,920