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%13.5%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,532,353
2 years$797,174$782,328$767,939$753,988$740,456$717,730
3 years$526,170$511,260$496,907$483,087$469,776$447,634
4 years$390,695$375,830$361,621$348,037$335,048$313,662
5 years$309,431$294,655$280,633$267,326$254,698$234,130
6 years$255,273$240,608$226,793$213,783$201,534$181,807
7 years$216,603$202,062$188,466$175,763$163,901$145,023
8 years$187,615$173,205$159,834$147,443$135,972$117,939
9 years$165,080$150,806$137,665$125,589$114,508$97,312
10 years$147,062$132,928$120,020$108,259$97,566$81,195
11 years$132,330$118,338$105,663$94,217$83,910$68,346
12 years$120,063$106,214$93,774$82,641$72,715$57,940
13 years$109,690$95,986$83,780$72,960$63,409$49,403
14 years$100,807$87,249$75,277$64,766$55,584$42,325
15 years$93,116$79,703$67,965$57,760$48,940$36,404
16 years$86,392$73,126$61,620$51,717$43,254$31,417
17 years$80,466$67,347$56,072$46,468$38,352$27,189
18 years$75,204$62,231$51,187$41,877$34,101$23,586
19 years$70,501$57,675$46,859$37,839$30,395$20,503
20 years$66,274$53,595$43,005$34,271$27,149$17,854
21 years$62,455$49,921$39,556$31,103$24,295$15,570
22 years$58,987$46,600$36,457$28,280$21,777$13,597
23 years$55,826$43,584$33,662$25,755$19,549$11,886
24 years$52,932$40,835$31,131$23,490$17,571$10,402
25 years$50,274$38,322$28,834$21,452$15,811$9,110
26 years$47,824$36,016$26,742$19,615$14,242$7,984
27 years$45,560$33,896$24,832$17,954$12,840$7,003
28 years$43,461$31,940$23,085$16,450$11,586$6,145
29 years$41,511$30,131$21,482$15,085$10,462$5,395
30 years$39,694$28,456$20,010$13,844$9,453$4,739
31 years$37,997$26,900$18,655$12,715$8,546$4,164
32 years$36,410$25,453$17,405$11,685$7,731$3,660
33 years$34,922$24,105$16,251$10,745$6,996$3,218
34 years$33,524$22,846$15,184$9,887$6,334$2,830
35 years$32,209$21,669$14,196$9,101$5,737$2,489
36 years$30,971$20,567$13,280$8,382$5,198$2,190
37 years$29,801$19,534$12,430$7,723$4,711$1,927
38 years$28,696$18,564$11,640$7,118$4,271$1,696
39 years$27,651$17,653$10,906$6,564$3,873$1,493
40 years$26,660$16,795$10,222$6,054$3,513$1,314
41 years$25,719$15,987$9,585$5,585$3,187$1,157
42 years$24,826$15,226$8,991$5,155$2,892$1,019
43 years$23,977$14,507$8,437$4,758$2,625$897
44 years$23,169$13,828$7,919$4,394$2,383$790
45 years$22,399$13,186$7,436$4,058$2,163$696
46 years$21,664$12,579$6,984$3,748$1,964$613
47 years$20,963$12,005$6,561$3,463$1,783$540
48 years$20,293$11,460$6,166$3,200$1,619$475
49 years$19,652$10,944$5,796$2,957$1,471$419
50 years$19,039$10,454$5,449$2,733$1,336$369

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 $3,407 every year, while hoping to spend $37,613 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: 57/26/17 Blend
64$19,500,000$19,500,000$19,500,000$19,500,000
65$21,492,514$20,459,014$20,156,764$22,621,473
66$23,644,731$21,421,486$20,791,996$24,350,812
67$26,015,213$22,429,858$21,447,247$26,230,051
68$28,626,184$23,486,340$22,123,149$28,277,103
69$31,502,132$24,593,249$22,820,352$30,508,097
70$34,670,044$25,753,012$23,539,529$32,940,765
71$38,159,655$26,968,177$24,281,370$35,594,600
72$42,003,735$28,241,413$25,046,591$38,491,041
73$46,238,393$29,575,519$25,835,928$41,653,662
74$50,903,419$30,973,429$26,650,142$45,108,391
75$56,042,663$32,438,222$27,490,016$48,883,748
76$61,704,442$33,973,123$28,356,360$53,011,108
77$67,942,005$35,581,515$29,250,007$57,524,984
78$74,814,025$37,266,945$30,171,818$62,463,352
79$82,385,163$39,033,133$31,122,681$67,867,998
80$90,726,670$40,883,976$32,103,511$73,784,903
81$99,917,064$42,823,566$33,115,253$80,264,668
82$110,042,872$44,856,187$34,158,881$87,362,984
83$121,199,441$46,986,337$35,235,400$95,141,146
84$133,491,844$49,218,728$36,345,846$103,666,622
85$147,035,870$51,558,303$37,491,290$113,013,679
86$161,959,113$54,010,244$38,672,833$123,264,073
87$178,402,184$56,579,987$39,891,614$134,507,808
88$196,520,029$59,273,230$41,148,805$146,843,974
89$216,483,401$62,095,947$42,445,619$160,381,669
90$238,480,464$65,054,404$43,783,304$175,241,015
91$262,718,574$68,155,172$45,163,147$191,554,280
92$289,426,234$71,405,141$46,586,478$209,467,108
93$318,855,251$74,811,535$48,054,666$229,139,880
94$351,283,116$78,381,929$49,569,127$250,749,215
95$387,015,619$82,124,269$51,131,318$274,489,614
96$426,389,739$86,046,885$52,742,743$300,575,284
97$469,776,822$90,158,512$54,404,955$329,242,139
98$517,586,091$94,468,312$56,119,554$360,750,007
99$570,268,504$98,985,891$57,888,191$395,385,064
100$628,321,015$103,721,323$59,712,569$433,462,512