Can I retire at age 65 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,461,210
2 years$772,646$758,256$744,310$730,788$717,673$671,821
3 years$509,981$495,529$481,618$468,223$455,321$410,957
4 years$378,674$364,266$350,494$337,328$324,739$282,203
5 years$299,910$285,589$271,998$259,101$246,861$206,269
6 years$247,418$233,205$219,815$207,205$195,333$156,720
7 years$209,939$195,845$182,667$170,354$158,858$122,223
8 years$181,842$167,875$154,916$142,906$131,788$97,106
9 years$160,000$146,166$133,429$121,724$110,985$78,220
10 years$142,537$128,838$116,327$104,928$94,564$63,669
11 years$128,259$114,697$102,412$91,318$81,329$52,249
12 years$116,368$102,946$90,888$80,099$70,478$43,154
13 years$106,315$93,033$81,203$70,715$61,458$35,826
14 years$97,706$84,564$72,961$62,773$53,874$29,867
15 years$90,251$77,251$65,874$55,982$47,435$24,984
16 years$83,734$70,876$59,724$50,126$41,923$20,958
17 years$77,990$65,274$54,347$45,038$37,172$17,622
18 years$72,890$60,317$49,612$40,588$33,051$14,845
19 years$68,332$55,901$45,417$36,675$29,459$12,526
20 years$64,235$51,946$41,681$33,216$26,314$10,583
21 years$60,533$48,385$38,339$30,146$23,548$8,952
22 years$57,172$45,166$35,335$27,409$21,107$7,579
23 years$54,108$42,243$32,626$24,962$18,947$6,422
24 years$51,303$39,579$30,173$22,767$17,030$5,445
25 years$48,727$37,143$27,947$20,792$15,324$4,619
26 years$46,353$34,908$25,919$19,011$13,804$3,921
27 years$44,158$32,853$24,068$17,402$12,445$3,329
28 years$42,124$30,957$22,374$15,944$11,230$2,828
29 years$40,233$29,204$20,821$14,621$10,140$2,403
30 years$38,472$27,580$19,394$13,418$9,162$2,042
31 years$36,828$26,073$18,081$12,323$8,283$1,736
32 years$35,289$24,670$16,870$11,326$7,493$1,476
33 years$33,847$23,363$15,751$10,415$6,781$1,255
34 years$32,493$22,143$14,717$9,582$6,140$1,067
35 years$31,218$21,002$13,759$8,821$5,561$908
36 years$30,018$19,934$12,872$8,124$5,038$772
37 years$28,884$18,933$12,048$7,485$4,566$657
38 years$27,813$17,993$11,282$6,899$4,140$559
39 years$26,800$17,109$10,570$6,362$3,754$475
40 years$25,839$16,278$9,907$5,868$3,405$405
41 years$24,928$15,495$9,290$5,414$3,089$344
42 years$24,062$14,757$8,714$4,996$2,803$293
43 years$23,239$14,061$8,177$4,612$2,544$249
44 years$22,456$13,403$7,676$4,258$2,309$212
45 years$21,709$12,781$7,207$3,933$2,096$180
46 years$20,997$12,192$6,769$3,633$1,903$154
47 years$20,318$11,635$6,360$3,356$1,728$131
48 years$19,668$11,107$5,976$3,101$1,570$111
49 years$19,047$10,607$5,617$2,866$1,426$95
50 years$18,453$10,132$5,281$2,649$1,295$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $18,900,000, adding $5,989 every year, while hoping to spend $32,035 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: 71/15/14 Blend
64$18,900,000$18,900,000$18,900,000$18,900,000
65$20,833,978$19,832,278$19,539,328$22,248,153
66$22,924,958$20,769,974$20,159,810$24,124,903
67$25,228,145$21,752,544$20,800,005$26,174,291
68$27,765,150$22,782,153$21,460,539$28,416,969
69$30,559,787$23,861,070$22,142,059$30,872,022
70$33,638,298$24,991,675$22,845,231$33,560,453
71$37,029,602$26,176,465$23,570,743$36,505,381
72$40,765,566$27,418,056$24,319,307$39,732,253
73$44,881,304$28,719,191$25,091,655$43,269,083
74$49,415,513$30,082,748$25,888,542$47,146,709
75$54,410,836$31,511,743$26,710,748$51,399,083
76$59,914,263$33,009,339$27,559,079$56,063,586
77$65,977,574$34,578,854$28,434,366$61,181,374
78$72,657,834$36,223,765$29,337,464$66,797,766
79$80,017,922$37,947,718$30,269,258$72,962,663
80$88,127,132$39,754,539$31,230,660$79,731,016
81$97,061,824$41,648,236$32,222,612$87,163,336
82$106,906,146$43,633,015$33,246,085$95,326,266
83$117,752,824$45,713,284$34,302,080$104,293,195
84$129,704,045$47,893,667$35,391,632$114,144,953
85$142,872,413$50,179,013$36,515,808$124,970,563
86$157,382,020$52,574,405$37,675,708$136,868,074
87$173,369,610$55,085,175$38,872,469$149,945,482
88$190,985,875$57,716,914$40,107,261$164,321,740
89$210,396,875$60,475,483$41,381,295$180,127,875
90$231,785,606$63,367,032$42,695,818$197,508,214
91$255,353,727$66,398,005$44,052,117$216,621,741
92$281,323,466$69,575,166$45,451,521$237,643,587
93$309,939,712$72,905,602$46,895,401$260,766,673
94$341,472,336$76,396,749$48,385,169$286,203,524
95$376,218,728$80,056,404$49,922,286$314,188,265
96$414,506,613$83,892,743$51,508,258$344,978,817
97$456,697,140$87,914,340$53,144,637$378,859,325
98$503,188,293$92,130,187$54,833,027$416,142,826
99$554,418,646$96,549,714$56,575,081$457,174,194
100$610,871,508$101,182,809$58,372,506$502,333,382