Can I retire at age 65 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,501,579
2 years$797,174$782,328$767,939$753,988$740,456$687,221
3 years$526,170$511,260$496,907$483,087$469,776$418,357
4 years$390,695$375,830$361,621$348,037$335,048$285,839
5 years$309,431$294,655$280,633$267,326$254,698$207,829
6 years$255,273$240,608$226,793$213,783$201,534$157,041
7 years$216,603$202,062$188,466$175,763$163,901$121,776
8 years$187,615$173,205$159,834$147,443$135,972$96,182
9 years$165,080$150,806$137,665$125,589$114,508$77,004
10 years$147,062$132,928$120,020$108,259$97,566$62,287
11 years$132,330$118,338$105,663$94,217$83,910$50,785
12 years$120,063$106,214$93,774$82,641$72,715$41,667
13 years$109,690$95,986$83,780$72,960$63,409$34,358
14 years$100,807$87,249$75,277$64,766$55,584$28,445
15 years$93,116$79,703$67,965$57,760$48,940$23,626
16 years$86,392$73,126$61,620$51,717$43,254$19,676
17 years$80,466$67,347$56,072$46,468$38,352$16,423
18 years$75,204$62,231$51,187$41,877$34,101$13,732
19 years$70,501$57,675$46,859$37,839$30,395$11,500
20 years$66,274$53,595$43,005$34,271$27,149$9,642
21 years$62,455$49,921$39,556$31,103$24,295$8,093
22 years$58,987$46,600$36,457$28,280$21,777$6,799
23 years$55,826$43,584$33,662$25,755$19,549$5,715
24 years$52,932$40,835$31,131$23,490$17,571$4,808
25 years$50,274$38,322$28,834$21,452$15,811$4,046
26 years$47,824$36,016$26,742$19,615$14,242$3,407
27 years$45,560$33,896$24,832$17,954$12,840$2,869
28 years$43,461$31,940$23,085$16,450$11,586$2,418
29 years$41,511$30,131$21,482$15,085$10,462$2,037
30 years$39,694$28,456$20,010$13,844$9,453$1,717
31 years$37,997$26,900$18,655$12,715$8,546$1,448
32 years$36,410$25,453$17,405$11,685$7,731$1,221
33 years$34,922$24,105$16,251$10,745$6,996$1,029
34 years$33,524$22,846$15,184$9,887$6,334$868
35 years$32,209$21,669$14,196$9,101$5,737$732
36 years$30,971$20,567$13,280$8,382$5,198$618
37 years$29,801$19,534$12,430$7,723$4,711$521
38 years$28,696$18,564$11,640$7,118$4,271$440
39 years$27,651$17,653$10,906$6,564$3,873$371
40 years$26,660$16,795$10,222$6,054$3,513$313
41 years$25,719$15,987$9,585$5,585$3,187$264
42 years$24,826$15,226$8,991$5,155$2,892$223
43 years$23,977$14,507$8,437$4,758$2,625$188
44 years$23,169$13,828$7,919$4,394$2,383$159
45 years$22,399$13,186$7,436$4,058$2,163$134
46 years$21,664$12,579$6,984$3,748$1,964$113
47 years$20,963$12,005$6,561$3,463$1,783$95
48 years$20,293$11,460$6,166$3,200$1,619$80
49 years$19,652$10,944$5,796$2,957$1,471$68
50 years$19,039$10,454$5,449$2,733$1,336$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $19,500,000, adding $3,960 every year, while hoping to spend $32,028 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: 71/22/7 Blend
64$19,500,000$19,500,000$19,500,000$19,500,000
65$21,493,085$20,459,585$20,157,335$22,996,215
66$23,651,302$21,428,027$20,798,528$24,957,996
67$26,028,584$22,442,849$21,460,128$27,100,185
68$28,647,241$23,506,291$22,142,784$29,443,977
69$31,531,859$24,620,698$22,847,167$32,009,200
70$34,709,530$25,788,534$23,573,968$34,817,668
71$38,210,109$27,012,379$24,323,902$37,893,387
72$42,066,493$28,294,938$25,097,706$41,262,776
73$46,314,935$29,639,050$25,896,139$44,954,909
74$50,995,384$31,047,689$26,719,986$49,001,787
75$56,151,863$32,523,976$27,570,055$53,438,634
76$61,832,885$34,071,182$28,447,184$58,304,220
77$68,091,907$35,692,738$29,352,232$63,641,227
78$74,987,839$37,392,240$30,286,089$69,496,643
79$82,585,599$39,173,460$31,249,673$75,922,195
80$90,956,723$41,040,353$32,243,931$82,974,840
81$100,180,046$42,997,067$33,269,839$90,717,283
82$110,342,438$45,047,951$34,328,406$99,218,573
83$121,539,631$47,197,564$35,420,672$108,554,739
84$133,877,118$49,450,690$36,547,710$118,809,504
85$147,471,154$51,812,344$37,710,628$130,075,063
86$162,449,846$54,287,783$38,910,569$142,452,949
87$178,954,369$56,882,523$40,148,711$156,054,976
88$197,140,294$59,602,346$41,426,273$171,004,290
89$217,179,060$62,453,317$42,744,509$187,436,517
90$239,259,589$65,441,795$44,104,715$205,501,037
91$263,590,073$68,574,448$45,508,228$225,362,379
92$290,399,935$71,858,271$46,956,429$247,201,761
93$319,941,999$75,300,597$48,450,739$271,218,794
94$352,494,874$78,909,117$49,992,630$297,633,349
95$388,365,583$82,691,896$51,583,615$326,687,618
96$427,892,466$86,657,392$53,225,260$358,648,390
97$471,448,370$90,814,476$54,919,178$393,809,551
98$519,444,168$95,172,450$56,667,035$432,494,845
99$572,332,641$99,741,069$58,470,549$475,060,913
100$630,612,752$104,530,562$60,331,494$521,900,642