Can I retire at age 65 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,527,631
2 years$801,262$786,339$771,877$757,855$744,253$708,877
3 years$528,869$513,882$499,455$485,565$472,185$437,839
4 years$392,699$377,757$363,476$349,822$336,766$303,715
5 years$311,018$296,166$282,072$268,697$256,004$224,340
6 years$256,582$241,842$227,956$214,879$202,567$172,323
7 years$217,714$203,099$189,433$176,664$164,742$135,923
8 years$188,577$174,093$160,654$148,199$136,669$109,265
9 years$165,926$151,579$138,371$126,233$115,095$89,085
10 years$147,817$133,610$120,635$108,814$98,067$73,423
11 years$133,009$118,945$106,205$94,701$84,341$61,030
12 years$120,678$106,759$94,254$83,065$73,088$51,073
13 years$110,253$96,479$84,210$73,334$63,734$42,975
14 years$101,324$87,696$75,663$65,098$55,869$36,323
15 years$93,593$80,112$68,314$58,056$49,191$30,814
16 years$86,835$73,501$61,936$51,983$43,475$26,221
17 years$80,879$67,692$56,360$46,706$38,548$22,370
18 years$75,590$62,550$51,449$42,092$34,275$19,125
19 years$70,863$57,971$47,099$38,033$30,550$16,381
20 years$66,614$53,870$43,225$34,446$27,288$14,052
21 years$62,775$50,177$39,759$31,262$24,420$12,070
22 years$59,290$46,839$36,644$28,425$21,889$10,380
23 years$56,112$43,807$33,834$25,887$19,649$8,934
24 years$53,204$41,045$31,291$23,610$17,661$7,696
25 years$50,532$38,518$28,982$21,562$15,892$6,634
26 years$48,070$36,201$26,879$19,715$14,315$5,723
27 years$45,794$34,069$24,960$18,046$12,906$4,939
28 years$43,684$32,103$23,203$16,534$11,645$4,264
29 years$41,724$30,286$21,592$15,162$10,516$3,683
30 years$39,897$28,602$20,113$13,915$9,501$3,182
31 years$38,192$27,038$18,750$12,780$8,590$2,750
32 years$36,596$25,584$17,494$11,745$7,770$2,377
33 years$35,101$24,228$16,335$10,800$7,032$2,055
34 years$33,696$22,963$15,262$9,937$6,367$1,778
35 years$32,375$21,780$14,269$9,148$5,767$1,537
36 years$31,129$20,672$13,348$8,425$5,225$1,330
37 years$29,954$19,634$12,494$7,763$4,736$1,151
38 years$28,843$18,659$11,700$7,155$4,293$996
39 years$27,792$17,743$10,962$6,597$3,893$861
40 years$26,796$16,881$10,274$6,085$3,531$745
41 years$25,851$16,069$9,634$5,614$3,204$645
42 years$24,954$15,304$9,037$5,181$2,907$558
43 years$24,100$14,581$8,480$4,783$2,638$483
44 years$23,288$13,899$7,960$4,416$2,395$418
45 years$22,513$13,254$7,474$4,078$2,174$362
46 years$21,775$12,644$7,020$3,767$1,974$313
47 years$21,070$12,066$6,595$3,481$1,792$271
48 years$20,397$11,519$6,198$3,216$1,628$235
49 years$19,753$11,000$5,825$2,972$1,478$203
50 years$19,136$10,507$5,477$2,747$1,343$176

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $19,600,000, adding $4,835 every year, while hoping to spend $59,092 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: 52/43/5 Blend
64$19,600,000$19,600,000$19,600,000$19,600,000
65$21,604,187$20,565,387$20,261,587$22,703,132
66$23,744,941$21,510,218$20,877,477$24,393,023
67$26,102,071$22,499,365$21,512,019$26,222,868
68$28,697,585$23,534,937$22,165,774$28,211,254
69$31,555,735$24,619,144$22,839,324$30,373,107
70$34,703,242$25,754,305$23,533,263$32,724,816
71$38,169,553$26,942,846$24,248,208$35,284,381
72$41,987,115$28,187,313$24,984,790$38,071,576
73$46,191,683$29,490,373$25,743,663$41,108,128
74$50,822,655$30,854,822$26,525,496$44,417,911
75$55,923,449$32,283,592$27,330,984$48,027,161
76$61,541,906$33,779,752$28,160,836$51,964,715
77$67,730,744$35,346,524$29,015,788$56,262,275
78$74,548,059$36,987,282$29,896,596$60,954,693
79$82,057,865$38,705,564$30,804,036$66,080,288
80$90,330,709$40,505,078$31,738,912$71,681,198
81$99,444,324$42,389,710$32,702,050$77,803,768
82$109,484,375$44,363,535$33,694,298$84,498,966
83$120,545,258$46,430,826$34,716,534$91,822,857
84$132,730,996$48,596,057$35,769,659$99,837,118
85$146,156,218$50,863,924$36,854,603$108,609,600
86$160,947,242$53,239,347$37,972,322$118,214,959
87$177,243,268$55,727,482$39,123,802$128,735,339
88$195,197,690$58,333,737$40,310,058$140,261,132
89$214,979,545$61,063,781$41,532,135$152,891,815
90$236,775,107$63,923,554$42,791,110$166,736,866
91$260,789,647$66,919,288$44,088,092$181,916,781
92$287,249,370$70,057,512$45,424,222$198,564,190
93$316,403,549$73,345,073$46,800,677$216,825,085
94$348,526,879$76,789,150$48,218,667$236,860,179
95$383,922,068$80,397,266$49,679,440$258,846,394
96$422,922,699$84,177,311$51,184,281$282,978,512
97$465,896,372$88,137,557$52,734,512$309,470,983
98$513,248,179$92,286,676$54,331,496$338,559,922
99$565,424,528$96,633,757$55,976,636$370,505,313
100$622,917,354$101,188,335$57,671,377$405,593,428