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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.8%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,536,801
2 years$797,174$782,328$767,939$753,988$740,456$722,181
3 years$526,170$511,260$496,907$483,087$469,776$451,949
4 years$390,695$375,830$361,621$348,037$335,048$317,808
5 years$309,431$294,655$280,633$267,326$254,698$238,094
6 years$255,273$240,608$226,793$213,783$201,534$185,586
7 years$216,603$202,062$188,466$175,763$163,901$148,616
8 years$187,615$173,205$159,834$147,443$135,972$121,349
9 years$165,080$150,806$137,665$125,589$114,508$100,541
10 years$147,062$132,928$120,020$108,259$97,566$84,246
11 years$132,330$118,338$105,663$94,217$83,910$71,225
12 years$120,063$106,214$93,774$82,641$72,715$60,650
13 years$109,690$95,986$83,780$72,960$63,409$51,950
14 years$100,807$87,249$75,277$64,766$55,584$44,715
15 years$93,116$79,703$67,965$57,760$48,940$38,644
16 years$86,392$73,126$61,620$51,717$43,254$33,512
17 years$80,466$67,347$56,072$46,468$38,352$29,146
18 years$75,204$62,231$51,187$41,877$34,101$25,411
19 years$70,501$57,675$46,859$37,839$30,395$22,202
20 years$66,274$53,595$43,005$34,271$27,149$19,434
21 years$62,455$49,921$39,556$31,103$24,295$17,038
22 years$58,987$46,600$36,457$28,280$21,777$14,957
23 years$55,826$43,584$33,662$25,755$19,549$13,147
24 years$52,932$40,835$31,131$23,490$17,571$11,567
25 years$50,274$38,322$28,834$21,452$15,811$10,187
26 years$47,824$36,016$26,742$19,615$14,242$8,978
27 years$45,560$33,896$24,832$17,954$12,840$7,918
28 years$43,461$31,940$23,085$16,450$11,586$6,988
29 years$41,511$30,131$21,482$15,085$10,462$6,170
30 years$39,694$28,456$20,010$13,844$9,453$5,450
31 years$37,997$26,900$18,655$12,715$8,546$4,817
32 years$36,410$25,453$17,405$11,685$7,731$4,258
33 years$34,922$24,105$16,251$10,745$6,996$3,766
34 years$33,524$22,846$15,184$9,887$6,334$3,331
35 years$32,209$21,669$14,196$9,101$5,737$2,948
36 years$30,971$20,567$13,280$8,382$5,198$2,609
37 years$29,801$19,534$12,430$7,723$4,711$2,309
38 years$28,696$18,564$11,640$7,118$4,271$2,044
39 years$27,651$17,653$10,906$6,564$3,873$1,810
40 years$26,660$16,795$10,222$6,054$3,513$1,603
41 years$25,719$15,987$9,585$5,585$3,187$1,420
42 years$24,826$15,226$8,991$5,155$2,892$1,258
43 years$23,977$14,507$8,437$4,758$2,625$1,114
44 years$23,169$13,828$7,919$4,394$2,383$987
45 years$22,399$13,186$7,436$4,058$2,163$875
46 years$21,664$12,579$6,984$3,748$1,964$775
47 years$20,963$12,005$6,561$3,463$1,783$687
48 years$20,293$11,460$6,166$3,200$1,619$609
49 years$19,652$10,944$5,796$2,957$1,471$539
50 years$19,039$10,454$5,449$2,733$1,336$478

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 $4,250 every year, while hoping to spend $29,896 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: 53/23/24 Blend
64$19,500,000$19,500,000$19,500,000$19,500,000
65$21,493,384$20,459,884$20,157,634$22,489,360
66$23,653,900$21,430,609$20,801,105$24,147,700
67$26,033,787$22,447,898$21,465,131$25,947,916
68$28,655,388$23,514,000$22,150,369$27,906,349
69$31,543,327$24,631,275$22,857,495$30,038,118
70$34,724,736$25,802,197$23,587,211$32,359,839
71$38,229,514$27,029,360$24,340,238$34,889,782
72$42,090,610$28,315,484$25,117,321$37,648,030
73$46,344,330$29,663,421$25,919,229$40,656,669
74$51,030,685$31,076,162$26,746,757$43,939,984
75$56,193,764$32,556,843$27,600,722$47,524,688
76$61,882,153$34,108,753$28,481,971$51,440,160
77$68,149,391$35,735,340$29,391,375$55,718,718
78$75,054,477$37,440,221$30,329,835$60,395,919
79$82,662,429$39,227,187$31,298,280$65,510,880
80$91,044,893$41,100,214$32,297,668$71,106,645
81$100,280,820$43,063,474$33,328,989$77,230,579
82$110,457,217$45,121,337$34,393,263$83,934,806
83$121,669,961$47,278,390$35,491,545$91,276,691
84$134,024,707$49,539,441$36,624,921$99,319,375
85$147,637,886$51,909,533$37,794,515$108,132,355
86$162,637,803$54,393,952$39,001,484$117,792,132
87$179,165,848$56,998,245$40,247,023$128,382,920
88$197,377,832$59,728,227$41,532,366$139,997,431
89$217,445,456$62,589,995$42,858,785$152,737,737
90$239,557,933$65,589,945$44,227,595$166,716,218
91$263,923,773$68,734,784$45,640,150$182,056,611
92$290,772,754$72,031,543$47,097,851$198,895,163
93$320,358,086$75,487,600$48,602,140$217,381,903
94$352,958,807$79,110,689$50,154,508$237,682,042
95$388,882,414$82,908,921$51,756,493$259,977,515
96$428,467,765$86,890,804$53,409,681$284,468,682
97$472,088,282$91,065,258$55,115,710$311,376,202
98$520,155,471$95,441,640$56,876,270$340,943,095
99$573,122,810$100,029,762$58,693,106$373,437,022
100$631,490,030$104,839,913$60,568,018$409,152,783