Can I retire at age 65 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,499,371
2 years$788,998$774,304$760,063$746,255$732,861$693,190
3 years$520,774$506,016$491,811$478,133$464,957$426,494
4 years$386,688$371,975$357,912$344,468$331,612$294,653
5 years$306,257$291,633$277,755$264,584$252,086$216,733
6 years$252,655$238,140$224,467$211,590$199,467$165,755
7 years$214,382$199,990$186,533$173,960$162,220$130,152
8 years$185,691$171,428$158,195$145,931$134,577$104,138
9 years$163,387$149,259$136,253$124,301$113,333$84,496
10 years$145,554$131,565$118,789$107,148$96,566$69,296
11 years$130,973$117,124$104,580$93,251$83,050$57,307
12 years$118,831$105,124$92,812$81,794$71,969$47,707
13 years$108,565$95,002$82,921$72,212$62,759$39,928
14 years$99,774$86,354$74,505$64,101$55,014$33,564
15 years$92,161$78,886$67,268$57,167$48,438$28,314
16 years$85,506$72,376$60,988$51,187$42,810$23,957
17 years$79,641$66,656$55,497$45,991$37,958$20,320
18 years$74,433$61,593$50,662$41,447$33,751$17,271
19 years$69,778$57,084$46,378$37,451$30,083$14,705
20 years$65,595$53,045$42,564$33,919$26,871$12,538
21 years$61,814$49,409$39,150$30,784$24,046$10,704
22 years$58,382$46,122$36,083$27,990$21,554$9,147
23 years$55,253$43,137$33,316$25,491$19,348$7,824
24 years$52,389$40,416$30,812$23,249$17,390$6,698
25 years$49,758$37,929$28,538$21,232$15,649$5,737
26 years$47,334$35,647$26,468$19,414$14,096$4,917
27 years$45,093$33,548$24,578$17,770$12,709$4,216
28 years$43,015$31,612$22,848$16,281$11,467$3,616
29 years$41,085$29,822$21,262$14,930$10,355$3,103
30 years$39,286$28,164$19,805$13,702$9,356$2,663
31 years$37,607$26,624$18,463$12,584$8,459$2,286
32 years$36,036$25,192$17,227$11,565$7,652$1,963
33 years$34,563$23,857$16,085$10,635$6,925$1,686
34 years$33,180$22,611$15,029$9,785$6,269$1,449
35 years$31,879$21,446$14,051$9,008$5,678$1,245
36 years$30,653$20,356$13,144$8,296$5,145$1,069
37 years$29,496$19,333$12,303$7,644$4,663$919
38 years$28,402$18,374$11,521$7,045$4,228$790
39 years$27,367$17,471$10,794$6,496$3,834$679
40 years$26,386$16,623$10,117$5,992$3,477$583
41 years$25,456$15,823$9,487$5,528$3,155$501
42 years$24,572$15,070$8,899$5,102$2,863$431
43 years$23,731$14,358$8,350$4,710$2,598$371
44 years$22,931$13,686$7,838$4,349$2,358$319
45 years$22,169$13,051$7,360$4,016$2,141$274
46 years$21,442$12,450$6,912$3,710$1,944$235
47 years$20,748$11,881$6,494$3,427$1,765$202
48 years$20,085$11,342$6,103$3,167$1,603$174
49 years$19,450$10,831$5,736$2,927$1,456$150
50 years$18,844$10,347$5,393$2,705$1,322$129

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $19,300,000, adding $5,097 every year, while hoping to spend $48,471 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: 33/50/17 Blend
64$19,300,000$19,300,000$19,300,000$19,300,000
65$21,273,858$20,250,958$19,951,808$21,863,175
66$23,392,218$21,191,682$20,568,620$23,238,948
67$25,725,027$22,176,877$21,204,472$24,715,852
68$28,294,107$23,208,671$21,859,949$26,306,570
69$31,123,504$24,289,294$22,535,655$28,021,125
70$34,239,717$25,421,085$23,232,215$29,870,487
71$37,671,945$26,606,495$23,950,271$31,866,674
72$41,452,363$27,848,092$24,690,484$34,022,852
73$45,616,426$29,148,571$25,453,538$36,353,446
74$50,203,206$30,510,755$26,240,136$38,874,270
75$55,255,755$31,937,605$27,051,003$41,602,661
76$60,821,516$33,432,222$27,886,886$44,557,630
77$66,952,770$34,997,860$28,748,556$47,760,031
78$73,707,127$36,637,929$29,636,806$51,232,744
79$81,148,071$38,356,005$30,552,457$55,000,875
80$89,345,561$40,155,835$31,496,350$59,091,977
81$98,376,686$42,041,349$32,469,356$63,536,301
82$108,326,399$44,016,666$33,472,370$68,367,057
83$119,288,315$46,086,106$34,506,318$73,620,718
84$131,365,593$48,254,196$35,572,150$79,337,342
85$144,671,915$50,525,683$36,670,848$85,560,931
86$159,332,554$52,905,544$37,803,425$92,339,831
87$175,485,557$55,398,998$38,970,922$99,727,165
88$193,283,050$58,011,516$40,174,414$107,781,313
89$212,892,673$60,748,832$41,415,009$116,566,442
90$234,499,163$63,616,962$42,693,849$126,153,090
91$258,306,094$66,622,210$44,012,110$136,618,802
92$284,537,806$69,771,188$45,371,006$148,048,841
93$313,441,513$73,070,828$46,771,785$160,536,967
94$345,289,645$76,528,396$48,215,738$174,186,288
95$380,382,416$80,151,514$49,704,192$189,110,212
96$419,050,655$83,948,172$51,238,516$205,433,478
97$461,658,936$87,926,746$52,820,120$223,293,311
98$508,609,013$92,096,022$54,450,459$242,840,675
99$560,343,615$96,465,209$56,131,032$264,241,667
100$617,350,625$101,043,966$57,863,383$287,679,049