Can I retire at age 64 with 19,900,000?

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,559,923
2 years$813,526$798,375$783,691$769,454$755,645$728,596
3 years$536,964$521,747$507,100$492,997$479,412$453,087
4 years$398,709$383,539$369,039$355,176$341,921$316,522
5 years$315,778$300,700$286,390$272,810$259,923$235,523
6 years$260,509$245,544$231,445$218,168$205,668$182,296
7 years$221,047$206,207$192,332$179,368$167,263$144,925
8 years$191,463$176,758$163,113$150,467$138,761$117,452
9 years$168,466$153,899$140,489$128,165$116,857$96,566
10 years$150,079$135,655$122,482$110,479$99,568$80,277
11 years$135,045$120,765$107,831$96,150$85,632$67,321
12 years$122,526$108,393$95,697$84,337$74,207$56,851
13 years$111,940$97,955$85,499$74,457$64,710$48,283
14 years$102,875$89,039$76,821$66,094$56,724$41,199
15 years$95,026$81,338$69,359$58,944$49,944$35,291
16 years$88,165$74,626$62,885$52,778$44,141$30,329
17 years$82,117$68,728$57,222$47,421$39,138$26,135
18 years$76,747$63,508$52,237$42,736$34,800$22,574
19 years$71,948$58,858$47,820$38,615$31,018$19,537
20 years$67,634$54,694$43,887$34,974$27,706$16,937
21 years$63,736$50,945$40,367$31,741$24,794$14,704
22 years$60,197$47,556$37,205$28,860$22,224$12,781
23 years$56,971$44,478$34,352$26,283$19,950$11,122
24 years$54,018$41,673$31,770$23,972$17,931$9,687
25 years$51,305$39,108$29,425$21,892$16,135$8,444
26 years$48,805$36,755$27,290$20,017$14,534$7,365
27 years$46,495$34,591$25,342$18,322$13,104$6,429
28 years$44,353$32,595$23,558$16,787$11,824$5,614
29 years$42,362$30,749$21,923$15,394$10,676$4,905
30 years$40,508$29,040$20,420$14,128$9,647$4,287
31 years$38,776$27,452$19,037$12,975$8,722$3,748
32 years$37,157$25,975$17,762$11,925$7,889$3,278
33 years$35,638$24,599$16,585$10,966$7,140$2,868
34 years$34,212$23,314$15,496$10,090$6,464$2,509
35 years$32,870$22,113$14,487$9,288$5,855$2,196
36 years$31,606$20,989$13,553$8,554$5,305$1,922
37 years$30,413$19,934$12,685$7,881$4,808$1,683
38 years$29,285$18,945$11,879$7,264$4,359$1,474
39 years$28,218$18,015$11,129$6,698$3,953$1,290
40 years$27,206$17,139$10,432$6,178$3,585$1,130
41 years$26,247$16,315$9,781$5,700$3,253$990
42 years$25,336$15,538$9,175$5,260$2,952$867
43 years$24,469$14,805$8,610$4,856$2,679$760
44 years$23,644$14,112$8,082$4,484$2,431$665
45 years$22,858$13,457$7,589$4,141$2,207$583
46 years$22,108$12,837$7,127$3,825$2,004$511
47 years$21,393$12,251$6,696$3,534$1,820$447
48 years$20,709$11,695$6,292$3,265$1,653$392
49 years$20,055$11,168$5,914$3,018$1,501$344
50 years$19,429$10,668$5,560$2,789$1,363$301

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $19,900,000, adding $6,482 every year, while hoping to spend $25,480 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: 51/29/20 Blend
63$19,900,000$19,900,000$19,900,000$19,900,000
64$21,936,486$20,881,786$20,573,336$22,933,213
65$24,146,897$21,877,883$21,235,432$24,617,851
66$26,581,916$22,921,935$21,918,855$26,445,317
67$29,264,426$24,016,264$22,624,291$28,431,725
68$32,219,644$25,163,307$23,352,451$30,592,135
69$35,475,356$26,365,618$24,104,067$32,943,093
70$39,062,185$27,625,875$24,879,895$35,502,780
71$43,013,872$28,946,888$25,680,716$38,291,175
72$47,367,603$30,331,602$26,507,336$41,330,240
73$52,164,354$31,783,105$27,360,587$44,644,116
74$57,449,278$33,304,638$28,241,327$48,259,343
75$63,272,136$34,899,597$29,150,443$52,205,105
76$69,687,761$36,571,544$30,088,850$56,513,491
77$76,756,579$38,324,216$31,057,493$61,219,795
78$84,545,177$40,161,529$32,057,346$66,362,832
79$93,126,934$42,087,593$33,089,416$71,985,300
80$102,582,712$44,106,716$34,154,742$78,134,173
81$113,001,619$46,223,415$35,254,396$84,861,126
82$124,481,852$48,442,431$36,389,487$92,223,019
83$137,131,622$50,768,731$37,561,156$100,282,416
84$151,070,177$53,207,528$38,770,583$109,108,166
85$166,428,924$55,764,286$40,018,987$118,776,038
86$183,352,676$58,444,737$41,307,624$129,369,422
87$202,001,012$61,254,893$42,637,793$140,980,103
88$222,549,789$64,201,057$44,010,833$153,709,110
89$245,192,799$67,289,839$45,428,127$167,667,655
90$270,143,597$70,528,175$46,891,103$182,978,165
91$297,637,524$73,923,335$48,401,234$199,775,422
92$327,933,917$77,482,944$49,960,042$218,207,815
93$361,318,570$81,215,002$51,569,097$238,438,723
94$398,106,423$85,127,896$53,230,020$260,648,034
95$438,644,537$89,230,422$54,944,485$285,033,828
96$483,315,374$93,531,806$56,714,219$311,814,217
97$532,540,402$98,041,725$58,541,005$341,229,390
98$586,784,080$102,770,326$60,426,685$373,543,847
99$646,558,236$107,728,252$62,373,159$409,048,879
100$712,426,904$112,926,665$64,382,388$448,065,283