Can I retire at age 65 with 19,200,000?

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 $19,200,000?

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$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,505,052
2 years$784,910$770,292$756,124$742,388$729,064$702,967
3 years$518,075$503,394$489,263$475,655$462,548$437,149
4 years$384,684$370,048$356,058$342,683$329,893$305,388
5 years$304,671$290,122$276,316$263,213$250,780$227,239
6 years$251,346$236,907$223,304$210,494$198,433$175,883
7 years$213,271$198,954$185,567$173,059$161,380$139,827
8 years$184,728$170,540$157,375$145,175$133,880$113,321
9 years$162,540$148,486$135,547$123,656$112,746$93,169
10 years$144,800$130,883$118,173$106,593$96,065$77,453
11 years$130,295$116,517$104,038$92,768$82,619$64,953
12 years$118,216$104,580$92,331$81,370$71,596$54,851
13 years$108,003$94,510$82,492$71,837$62,433$46,585
14 years$99,257$85,907$74,119$63,769$54,729$39,750
15 years$91,683$78,477$66,919$56,871$48,187$34,050
16 years$85,063$72,001$60,672$50,922$42,588$29,262
17 years$79,228$66,311$55,209$45,753$37,762$25,216
18 years$74,047$61,274$50,399$41,233$33,576$21,780
19 years$69,417$56,788$46,138$37,257$29,927$18,850
20 years$65,255$52,770$42,343$33,743$26,731$16,341
21 years$61,494$49,153$38,947$30,624$23,921$14,187
22 years$58,080$45,883$35,896$27,845$21,442$12,332
23 years$54,967$42,913$33,144$25,359$19,248$10,731
24 years$52,118$40,207$30,652$23,128$17,300$9,346
25 years$49,501$37,732$28,390$21,122$15,568$8,147
26 years$47,089$35,462$26,330$19,313$14,023$7,106
27 years$44,859$33,374$24,450$17,678$12,643$6,203
28 years$42,793$31,448$22,730$16,197$11,408$5,416
29 years$40,872$29,668$21,152$14,853$10,301$4,732
30 years$39,083$28,018$19,702$13,631$9,308$4,136
31 years$37,412$26,486$18,368$12,519$8,415$3,616
32 years$35,850$25,062$17,137$11,505$7,612$3,163
33 years$34,384$23,734$16,001$10,580$6,889$2,767
34 years$33,008$22,494$14,951$9,735$6,237$2,421
35 years$31,714$21,335$13,978$8,961$5,649$2,119
36 years$30,494$20,250$13,076$8,253$5,118$1,855
37 years$29,343$19,233$12,239$7,604$4,639$1,624
38 years$28,255$18,278$11,461$7,009$4,206$1,422
39 years$27,225$17,381$10,738$6,463$3,814$1,245
40 years$26,249$16,537$10,065$5,961$3,459$1,090
41 years$25,324$15,741$9,437$5,500$3,138$955
42 years$24,444$14,991$8,853$5,075$2,848$837
43 years$23,608$14,284$8,307$4,685$2,584$733
44 years$22,812$13,615$7,798$4,326$2,346$642
45 years$22,054$12,984$7,322$3,995$2,130$562
46 years$21,331$12,386$6,877$3,690$1,934$493
47 years$20,640$11,820$6,460$3,410$1,756$432
48 years$19,980$11,284$6,071$3,151$1,595$378
49 years$19,350$10,775$5,706$2,912$1,448$331
50 years$18,746$10,293$5,365$2,691$1,315$290

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $19,200,000, adding $3,379 every year, while hoping to spend $48,099 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: 67/23/10 Blend
64$19,200,000$19,200,000$19,200,000$19,200,000
65$21,161,885$20,144,285$19,846,685$22,535,744
66$23,269,221$21,080,178$20,460,372$24,385,436
67$25,589,892$22,060,318$21,093,006$26,400,876
68$28,145,609$23,086,822$21,745,170$28,603,067
69$30,960,294$24,161,909$22,417,466$31,010,272
70$34,060,308$25,287,906$23,110,514$33,642,579
71$37,474,698$26,467,252$23,824,955$36,522,089
72$41,235,473$27,702,504$24,561,447$39,673,122
73$45,377,906$28,996,341$25,320,670$43,122,437
74$49,940,864$30,351,573$26,103,324$46,899,481
75$54,967,177$31,771,145$26,910,131$51,036,665
76$60,504,044$33,258,146$27,741,834$55,569,656
77$66,603,472$34,815,811$28,599,202$60,537,718
78$73,322,775$36,447,534$29,483,024$65,984,064
79$80,725,107$38,156,873$30,394,114$71,956,270
80$88,880,065$39,947,556$31,333,314$78,506,706
81$97,864,340$41,823,495$32,301,489$85,693,031
82$107,762,444$43,788,788$33,299,530$93,578,724
83$118,667,507$45,847,732$34,328,358$102,233,679
84$130,682,155$48,004,833$35,388,920$111,734,853
85$143,919,480$50,264,815$36,482,194$122,166,989
86$158,504,106$52,632,630$37,609,186$133,623,400
87$174,573,366$55,113,470$38,770,935$146,206,846
88$192,278,599$57,712,779$39,968,511$160,030,488
89$211,786,576$60,436,265$41,203,016$175,218,954
90$233,281,077$63,289,913$42,475,587$191,909,497
91$256,964,624$66,279,995$43,787,396$210,253,281
92$283,060,391$69,413,091$45,139,650$230,416,798
93$311,814,317$72,696,098$46,533,594$252,583,426
94$343,497,419$76,136,248$47,970,511$276,955,147
95$378,408,355$79,741,124$49,451,723$303,754,438
96$416,876,244$83,518,676$50,978,592$333,226,359
97$459,263,770$87,477,240$52,552,524$365,640,853
98$505,970,608$91,625,558$54,174,967$401,295,274
99$557,437,193$95,972,794$55,847,412$440,517,178
100$614,148,885$100,528,559$57,571,398$483,667,404