Can I retire at age 65 with 18,500,000?

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,430,859
2 years$756,293$742,208$728,557$715,322$702,484$658,169
3 years$499,187$485,041$471,425$458,314$445,685$402,801
4 years$370,659$356,557$343,077$330,189$317,866$276,742
5 years$293,563$279,545$266,242$253,617$241,637$202,384
6 years$242,182$228,269$215,163$202,820$191,199$153,853
7 years$205,496$191,700$178,801$166,749$155,496$120,054
8 years$177,994$164,322$151,638$139,882$128,999$95,440
9 years$156,614$143,072$130,605$119,148$108,636$76,924
10 years$139,521$126,111$113,865$102,707$92,563$62,654
11 years$125,544$112,269$100,245$89,386$79,607$51,449
12 years$113,906$100,767$88,965$78,403$68,986$42,521
13 years$104,065$91,064$79,484$69,218$60,157$35,325
14 years$95,638$82,775$71,417$61,444$52,733$29,470
15 years$88,341$75,616$64,480$54,798$46,431$24,669
16 years$81,962$69,376$58,460$49,065$41,036$20,709
17 years$76,340$63,893$53,197$44,085$36,385$17,425
18 years$71,347$59,040$48,562$39,729$32,352$14,690
19 years$66,886$54,718$44,456$35,899$28,836$12,404
20 years$62,876$50,846$40,799$32,513$25,757$10,488
21 years$59,252$47,361$37,528$29,508$23,049$8,878
22 years$55,962$44,210$34,587$26,829$20,660$7,523
23 years$52,963$41,349$31,935$24,434$18,546$6,379
24 years$50,218$38,741$29,535$22,285$16,670$5,413
25 years$47,696$36,357$27,355$20,352$15,000$4,596
26 years$45,372$34,169$25,371$18,609$13,512$3,904
27 years$43,224$32,157$23,559$17,033$12,182$3,318
28 years$41,232$30,302$21,901$15,606$10,992$2,821
29 years$39,382$28,586$20,381$14,311$9,925$2,398
30 years$37,658$26,997$18,984$13,134$8,968$2,040
31 years$36,048$25,521$17,698$12,063$8,108$1,736
32 years$34,543$24,148$16,513$11,086$7,334$1,477
33 years$33,131$22,868$15,418$10,194$6,638$1,257
34 years$31,805$21,674$14,406$9,380$6,010$1,070
35 years$30,558$20,557$13,468$8,635$5,443$911
36 years$29,382$19,512$12,599$7,952$4,932$775
37 years$28,273$18,532$11,793$7,327$4,470$660
38 years$27,225$17,612$11,043$6,753$4,052$562
39 years$26,233$16,747$10,346$6,227$3,675$479
40 years$25,292$15,934$9,698$5,743$3,333$408
41 years$24,400$15,167$9,093$5,299$3,024$347
42 years$23,553$14,445$8,530$4,890$2,744$296
43 years$22,748$13,763$8,004$4,514$2,490$252
44 years$21,981$13,119$7,513$4,168$2,260$214
45 years$21,250$12,510$7,055$3,850$2,052$183
46 years$20,553$11,934$6,626$3,556$1,863$155
47 years$19,888$11,389$6,225$3,285$1,692$132
48 years$19,252$10,872$5,850$3,036$1,536$113
49 years$18,644$10,382$5,498$2,805$1,395$96
50 years$18,062$9,918$5,169$2,593$1,267$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $18,500,000, adding $4,463 every year, while hoping to spend $20,954 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: 47/44/9 Blend
64$18,500,000$18,500,000$18,500,000$18,500,000
65$20,391,604$19,411,104$19,124,354$21,299,534
66$22,449,252$20,339,953$19,742,725$22,853,461
67$24,716,079$21,313,613$20,381,109$24,536,374
68$27,213,397$22,334,259$21,040,154$26,362,278
69$29,964,695$23,404,169$21,720,531$28,344,452
70$32,995,854$24,525,733$22,422,929$30,497,469
71$36,335,397$25,701,460$23,148,062$32,837,326
72$40,014,752$26,933,976$23,896,668$35,381,583
73$44,068,557$28,226,041$24,669,505$38,149,522
74$48,534,976$29,580,543$25,467,360$41,162,320
75$53,456,070$31,000,517$26,291,044$44,443,234
76$58,878,188$32,489,140$27,141,392$48,017,817
77$64,852,404$34,049,749$28,019,269$51,914,142
78$71,435,002$35,685,839$28,925,568$56,163,058
79$78,688,006$37,401,079$29,861,208$60,798,468
80$86,679,765$39,199,315$30,827,141$65,857,636
81$95,485,600$41,084,580$31,824,349$71,381,527
82$105,188,512$43,061,105$32,853,846$77,415,177
83$115,879,967$45,133,326$33,916,676$84,008,107
84$127,660,760$47,305,896$35,013,922$91,214,769
85$140,641,968$49,583,695$36,146,698$99,095,051
86$154,945,992$51,971,840$37,316,156$107,714,818
87$170,707,721$54,475,698$38,523,485$117,146,523
88$188,075,800$57,100,898$39,769,913$127,469,867
89$207,214,033$59,853,343$41,056,706$138,772,534
90$228,302,932$62,739,225$42,385,174$151,150,998
91$251,541,421$65,765,037$43,756,668$164,711,411
92$277,148,711$68,937,589$45,172,581$179,570,586
93$305,366,372$72,264,023$46,634,354$195,857,071
94$336,460,611$75,751,829$48,143,475$213,712,341
95$370,724,789$79,408,865$49,701,477$233,292,110
96$408,482,188$83,243,369$51,309,946$254,767,767
97$450,089,059$87,263,983$52,970,518$278,327,973
98$495,937,996$91,479,770$54,684,883$304,180,404
99$546,461,629$95,900,236$56,454,783$332,553,690
100$602,136,718$100,535,351$58,282,022$363,699,531