Can I retire at age 65 with 19,400,000?

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 $19,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,486,779
2 years$793,086$778,316$764,001$750,121$736,659$676,731
3 years$523,472$508,638$494,359$480,610$467,367$409,603
4 years$388,691$373,903$359,767$346,252$333,330$278,169
5 years$307,844$293,144$279,194$265,955$253,392$200,975
6 years$253,964$239,374$225,630$212,686$200,500$150,862
7 years$215,493$201,026$187,500$174,861$163,061$116,185
8 years$186,653$172,317$159,015$146,687$135,274$91,115
9 years$164,233$150,033$136,959$124,945$113,921$72,412
10 years$146,308$132,246$119,404$107,703$97,066$58,129
11 years$131,652$117,731$105,121$93,734$83,480$47,027
12 years$119,447$105,669$93,293$82,218$72,342$38,276
13 years$109,128$95,494$83,351$72,586$63,084$31,303
14 years$100,290$86,801$74,891$64,434$55,299$25,699
15 years$92,638$79,295$67,617$57,463$48,689$21,164
16 years$85,949$72,751$61,304$51,452$43,032$17,473
17 years$80,053$67,001$55,784$46,229$38,155$14,456
18 years$74,818$61,912$50,924$41,662$33,926$11,979
19 years$70,140$57,380$46,619$37,645$30,239$9,941
20 years$65,934$53,320$42,784$34,095$27,010$8,259
21 years$62,135$49,665$39,353$30,943$24,171$6,868
22 years$58,685$46,361$36,270$28,135$21,666$5,715
23 years$55,539$43,360$33,489$25,623$19,448$4,759
24 years$52,661$40,626$30,972$23,369$17,481$3,965
25 years$50,016$38,125$28,686$21,342$15,730$3,305
26 years$47,579$35,832$26,605$19,514$14,169$2,756
27 years$45,326$33,722$24,705$17,862$12,774$2,299
28 years$43,238$31,776$22,966$16,365$11,527$1,918
29 years$41,298$29,977$21,372$15,007$10,408$1,601
30 years$39,490$28,310$19,907$13,773$9,404$1,336
31 years$37,802$26,762$18,559$12,649$8,503$1,115
32 years$36,223$25,323$17,316$11,625$7,691$931
33 years$34,743$23,981$16,168$10,690$6,961$778
34 years$33,352$22,728$15,106$9,836$6,302$649
35 years$32,044$21,558$14,123$9,055$5,708$542
36 years$30,812$20,461$13,212$8,339$5,172$453
37 years$29,648$19,434$12,366$7,683$4,687$378
38 years$28,549$18,469$11,581$7,082$4,249$316
39 years$27,509$17,562$10,850$6,530$3,854$264
40 years$26,523$16,709$10,169$6,023$3,495$220
41 years$25,587$15,905$9,536$5,557$3,171$184
42 years$24,699$15,148$8,945$5,128$2,877$154
43 years$23,854$14,433$8,393$4,734$2,611$128
44 years$23,050$13,757$7,879$4,371$2,370$107
45 years$22,284$13,119$7,398$4,037$2,152$90
46 years$21,553$12,515$6,948$3,729$1,954$75
47 years$20,855$11,943$6,528$3,445$1,774$63
48 years$20,189$11,401$6,134$3,183$1,611$52
49 years$19,551$10,887$5,766$2,942$1,463$44
50 years$18,941$10,400$5,421$2,719$1,329$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $19,400,000, adding $6,387 every year, while hoping to spend $29,521 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: 42/44/14 Blend
64$19,400,000$19,400,000$19,400,000$19,400,000
65$21,385,388$20,357,188$20,056,488$22,195,595
66$23,535,288$21,323,280$20,696,970$23,731,861
67$25,903,487$22,335,721$21,357,919$25,390,962
68$28,512,223$23,396,752$22,039,990$27,186,877
69$31,385,997$24,508,720$22,743,856$29,132,130
70$34,551,810$25,674,088$23,470,217$31,240,454
71$38,039,416$26,895,440$24,219,790$33,526,918
72$41,881,602$28,175,482$24,993,319$36,008,053
73$46,114,499$29,517,055$25,791,569$38,702,005
74$50,777,923$30,923,135$26,615,331$41,628,690
75$55,915,748$32,396,845$27,465,422$44,809,973
76$61,576,322$33,941,459$28,342,682$48,269,867
77$67,812,927$35,560,410$29,247,981$52,034,741
78$74,684,273$37,257,298$30,182,216$56,133,561
79$82,255,061$39,035,898$31,146,313$60,598,149
80$90,596,589$40,900,168$32,141,226$65,463,471
81$99,787,425$42,854,261$33,167,941$70,767,949
82$109,914,151$44,902,528$34,227,476$76,553,815
83$121,072,178$47,049,536$35,320,879$82,867,485
84$133,366,647$49,300,070$36,449,236$89,759,992
85$146,913,423$51,659,151$37,613,664$97,287,440
86$161,840,187$54,132,044$38,815,316$105,511,522
87$178,287,641$56,724,269$40,055,383$114,500,081
88$196,410,837$59,441,615$41,335,096$124,327,732
89$216,380,642$62,290,154$42,655,721$135,076,545
90$238,385,348$65,276,252$44,018,568$146,836,796
91$262,632,451$68,406,585$45,424,987$159,707,801
92$289,350,610$71,688,157$46,876,374$173,798,825
93$318,791,805$75,128,310$48,374,165$189,230,093
94$351,233,716$78,734,744$49,919,847$206,133,896
95$386,982,345$82,515,536$51,514,951$224,655,812
96$426,374,901$86,479,155$53,161,059$244,956,054
97$469,782,989$90,634,482$54,859,803$267,210,951
98$517,616,115$94,990,832$56,612,867$291,614,581
99$570,325,550$99,557,974$58,421,990$318,380,573
100$628,408,594$104,346,153$60,288,964$347,744,084