Can I retire at age 65 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,431,435
2 years$764,470$750,232$736,434$723,055$710,078$650,652
3 years$504,584$490,285$476,521$463,268$450,503$393,252
4 years$374,667$360,411$346,785$333,759$321,302$266,661
5 years$296,736$282,567$269,120$256,359$244,249$192,356
6 years$244,800$230,737$217,489$205,012$193,266$144,154
7 years$207,717$193,773$180,734$168,552$157,177$110,827
8 years$179,918$166,099$153,277$141,394$130,393$86,758
9 years$158,307$144,619$132,017$120,436$109,810$68,823
10 years$141,029$127,475$115,096$103,817$93,564$55,143
11 years$126,902$113,483$101,328$90,352$80,468$44,523
12 years$115,137$101,856$89,926$79,251$69,732$36,165
13 years$105,190$92,048$80,343$69,967$60,807$29,516
14 years$96,672$83,669$72,189$62,109$53,303$24,181
15 years$89,296$76,434$65,177$55,390$46,933$19,871
16 years$82,848$70,126$59,092$49,596$41,479$16,370
17 years$77,165$64,584$53,772$44,561$36,778$13,513
18 years$72,119$59,678$49,087$40,159$32,702$11,173
19 years$67,609$55,309$44,936$36,287$29,148$9,251
20 years$63,555$51,396$41,240$32,865$26,035$7,668
21 years$59,893$47,873$37,933$29,827$23,299$6,361
22 years$56,567$44,688$34,961$27,119$20,884$5,281
23 years$53,535$41,796$32,281$24,698$18,747$4,388
24 years$50,760$39,160$29,854$22,526$16,850$3,647
25 years$48,211$36,750$27,651$20,572$15,162$3,033
26 years$45,862$34,539$25,645$18,810$13,658$2,523
27 years$43,691$32,505$23,813$17,217$12,314$2,099
28 years$41,678$30,629$22,138$15,775$11,111$1,747
29 years$39,808$28,895$20,601$14,466$10,033$1,455
30 years$38,065$27,288$19,189$13,276$9,065$1,211
31 years$36,438$25,797$17,889$12,193$8,196$1,009
32 years$34,916$24,409$16,691$11,206$7,414$840
33 years$33,489$23,116$15,585$10,305$6,709$700
34 years$32,149$21,908$14,561$9,481$6,075$583
35 years$30,888$20,780$13,614$8,728$5,502$486
36 years$29,700$19,723$12,735$8,038$4,985$404
37 years$28,579$18,732$11,920$7,406$4,518$337
38 years$27,519$17,802$11,163$6,826$4,096$281
39 years$26,516$16,928$10,458$6,294$3,714$234
40 years$25,566$16,106$9,802$5,806$3,369$195
41 years$24,664$15,331$9,192$5,356$3,057$162
42 years$23,808$14,601$8,622$4,943$2,774$135
43 years$22,993$13,912$8,091$4,563$2,517$113
44 years$22,218$13,261$7,594$4,213$2,285$94
45 years$21,480$12,645$7,131$3,891$2,074$78
46 years$20,775$12,063$6,698$3,594$1,883$65
47 years$20,103$11,512$6,292$3,321$1,710$54
48 years$19,460$10,990$5,913$3,068$1,553$45
49 years$18,846$10,495$5,558$2,836$1,410$38
50 years$18,258$10,025$5,225$2,621$1,281$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $18,700,000, adding $3,679 every year, while hoping to spend $53,495 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: 62/21/17 Blend
64$18,700,000$18,700,000$18,700,000$18,700,000
65$20,611,195$19,620,095$19,330,245$21,800,430
66$22,656,619$20,524,561$19,920,890$23,505,774
67$24,908,882$21,471,554$20,529,528$25,360,300
68$27,389,028$22,463,099$21,156,707$27,383,601
69$30,120,240$23,501,323$21,802,988$29,592,085
70$33,128,069$24,588,452$22,468,953$32,003,799
71$36,440,666$25,726,820$23,155,197$34,638,600
72$40,089,055$26,918,875$23,862,336$37,518,329
73$44,107,419$28,167,181$24,591,006$40,667,021
74$48,533,429$29,474,426$25,341,858$44,111,118
75$53,408,595$30,843,428$26,115,565$47,879,723
76$58,778,657$32,277,141$26,912,822$52,004,858
77$64,694,020$33,778,662$27,734,342$56,521,772
78$71,210,229$35,351,235$28,580,861$61,469,257
79$78,388,489$36,998,262$29,453,137$66,890,016
80$86,296,249$38,723,311$30,351,951$72,831,055
81$95,007,833$40,530,120$31,278,108$79,344,119
82$104,605,143$42,422,607$32,232,436$86,486,178
83$115,178,434$44,404,881$33,215,789$94,319,952
84$126,827,163$46,481,249$34,229,046$102,914,498
85$139,660,929$48,656,225$35,273,115$112,345,852
86$153,800,507$50,934,544$36,348,927$122,697,739
87$169,378,988$53,321,166$37,457,446$134,062,354
88$186,543,035$55,821,293$38,599,661$146,541,225
89$205,454,268$58,440,380$39,776,593$160,246,157
90$226,290,788$61,184,143$40,989,293$175,300,279
91$249,248,859$64,058,577$42,238,845$191,839,199
92$274,544,759$67,069,964$43,526,363$210,012,268
93$302,416,826$70,224,894$44,852,998$229,983,980
94$333,127,702$73,530,273$46,219,933$251,935,512
95$366,966,814$76,993,343$47,628,387$276,066,424
96$404,253,108$80,621,696$49,079,617$302,596,524
97$445,338,059$84,423,292$50,574,918$331,767,936
98$490,608,985$88,406,477$52,115,621$363,847,365
99$540,492,708$92,580,001$53,703,101$399,128,601
100$595,459,582$96,953,039$55,338,773$437,935,279