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%12.3%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,540,000
2 years$797,174$782,328$767,939$753,988$740,456$725,389
3 years$526,170$511,260$496,907$483,087$469,776$455,066
4 years$390,695$375,830$361,621$348,037$335,048$320,808
5 years$309,431$294,655$280,633$267,326$254,698$240,971
6 years$255,273$240,608$226,793$213,783$201,534$188,336
7 years$216,603$202,062$188,466$175,763$163,901$151,238
8 years$187,615$173,205$159,834$147,443$135,972$123,843
9 years$165,080$150,806$137,665$125,589$114,508$102,909
10 years$147,062$132,928$120,020$108,259$97,566$86,491
11 years$132,330$118,338$105,663$94,217$83,910$73,350
12 years$120,063$106,214$93,774$82,641$72,715$62,658
13 years$109,690$95,986$83,780$72,960$63,409$53,845
14 years$100,807$87,249$75,277$64,766$55,584$46,499
15 years$93,116$79,703$67,965$57,760$48,940$40,322
16 years$86,392$73,126$61,620$51,717$43,254$35,088
17 years$80,466$67,347$56,072$46,468$38,352$30,623
18 years$75,204$62,231$51,187$41,877$34,101$26,795
19 years$70,501$57,675$46,859$37,839$30,395$23,496
20 years$66,274$53,595$43,005$34,271$27,149$20,642
21 years$62,455$49,921$39,556$31,103$24,295$18,164
22 years$58,987$46,600$36,457$28,280$21,777$16,007
23 years$55,826$43,584$33,662$25,755$19,549$14,123
24 years$52,932$40,835$31,131$23,490$17,571$12,474
25 years$50,274$38,322$28,834$21,452$15,811$11,028
26 years$47,824$36,016$26,742$19,615$14,242$9,758
27 years$45,560$33,896$24,832$17,954$12,840$8,641
28 years$43,461$31,940$23,085$16,450$11,586$7,656
29 years$41,511$30,131$21,482$15,085$10,462$6,787
30 years$39,694$28,456$20,010$13,844$9,453$6,020
31 years$37,997$26,900$18,655$12,715$8,546$5,342
32 years$36,410$25,453$17,405$11,685$7,731$4,743
33 years$34,922$24,105$16,251$10,745$6,996$4,212
34 years$33,524$22,846$15,184$9,887$6,334$3,741
35 years$32,209$21,669$14,196$9,101$5,737$3,324
36 years$30,971$20,567$13,280$8,382$5,198$2,954
37 years$29,801$19,534$12,430$7,723$4,711$2,626
38 years$28,696$18,564$11,640$7,118$4,271$2,335
39 years$27,651$17,653$10,906$6,564$3,873$2,077
40 years$26,660$16,795$10,222$6,054$3,513$1,847
41 years$25,719$15,987$9,585$5,585$3,187$1,643
42 years$24,826$15,226$8,991$5,155$2,892$1,462
43 years$23,977$14,507$8,437$4,758$2,625$1,300
44 years$23,169$13,828$7,919$4,394$2,383$1,157
45 years$22,399$13,186$7,436$4,058$2,163$1,030
46 years$21,664$12,579$6,984$3,748$1,964$916
47 years$20,963$12,005$6,561$3,463$1,783$816
48 years$20,293$11,460$6,166$3,200$1,619$726
49 years$19,652$10,944$5,796$2,957$1,471$646
50 years$19,039$10,454$5,449$2,733$1,336$575

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 $4,543 every year, while hoping to spend $45,819 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: 42/28/30 Blend
64$19,500,000$19,500,000$19,500,000$19,500,000
65$21,493,686$20,460,186$20,157,936$22,207,359
66$23,637,291$21,413,984$20,784,476$23,677,473
67$25,998,008$22,412,983$21,430,469$25,263,926
68$28,597,934$23,459,348$22,096,519$26,981,228
69$31,461,419$24,555,351$22,783,248$28,841,511
70$34,615,293$25,703,374$23,491,297$30,858,090
71$38,089,125$26,905,910$24,221,326$33,045,589
72$41,915,494$28,165,578$24,974,019$35,420,067
73$46,130,302$29,485,120$25,750,077$37,999,165
74$50,773,114$30,867,411$26,550,225$40,802,263
75$55,887,524$32,315,467$27,375,210$43,850,657
76$61,521,573$33,832,447$28,225,802$47,167,749
77$67,728,202$35,421,665$29,102,794$50,779,261
78$74,565,747$37,086,595$30,007,006$54,713,468
79$82,098,493$38,830,878$30,939,281$59,001,456
80$90,397,281$40,658,333$31,900,489$63,677,403
81$99,540,175$42,572,962$32,891,526$68,778,894
82$109,613,199$44,578,963$33,913,318$74,347,264
83$120,711,149$46,680,736$34,966,818$80,427,978
84$132,938,488$48,882,894$36,053,008$87,071,044
85$146,410,331$51,190,274$37,172,902$94,331,477
86$161,253,535$53,607,947$38,327,544$102,269,806
87$177,607,890$56,141,231$39,518,011$110,952,626
88$195,627,444$58,795,700$40,745,414$120,453,219
89$215,481,954$61,577,200$42,010,896$130,852,228
90$237,358,490$64,491,860$43,315,638$142,238,402
91$261,463,200$67,546,105$44,660,856$154,709,419
92$288,023,256$70,746,674$46,047,804$168,372,792
93$317,288,998$74,100,631$47,477,776$183,346,864
94$349,536,298$77,615,385$48,952,103$199,761,909
95$385,069,163$81,298,701$50,472,162$217,761,342
96$424,222,606$85,158,725$52,039,367$237,503,051
97$467,365,806$89,203,997$53,655,180$259,160,869
98$514,905,596$93,443,471$55,321,106$282,926,192
99$567,290,301$97,886,535$57,038,698$309,009,761
100$625,013,973$102,543,037$58,809,555$337,643,632