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%16.6%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,520,831
2 years$801,262$786,339$771,877$757,855$744,253$702,138
3 years$528,869$513,882$499,455$485,565$472,185$431,373
4 years$392,699$377,757$363,476$349,822$336,766$297,572
5 years$311,018$296,166$282,072$268,697$256,004$218,536
6 years$256,582$241,842$227,956$214,879$202,567$166,860
7 years$217,714$203,099$189,433$176,664$164,742$130,797
8 years$188,577$174,093$160,654$148,199$136,669$104,470
9 years$165,926$151,579$138,371$126,233$115,095$84,612
10 years$147,817$133,610$120,635$108,814$98,067$69,261
11 years$133,009$118,945$106,205$94,701$84,341$57,168
12 years$120,678$106,759$94,254$83,065$73,088$47,498
13 years$110,253$96,479$84,210$73,334$63,734$39,673
14 years$101,324$87,696$75,663$65,098$55,869$33,280
15 years$93,593$80,112$68,314$58,056$49,191$28,017
16 years$86,835$73,501$61,936$51,983$43,475$23,654
17 years$80,879$67,692$56,360$46,706$38,548$20,020
18 years$75,590$62,550$51,449$42,092$34,275$16,978
19 years$70,863$57,971$47,099$38,033$30,550$14,423
20 years$66,614$53,870$43,225$34,446$27,288$12,270
21 years$62,775$50,177$39,759$31,262$24,420$10,450
22 years$59,290$46,839$36,644$28,425$21,889$8,910
23 years$56,112$43,807$33,834$25,887$19,649$7,603
24 years$53,204$41,045$31,291$23,610$17,661$6,493
25 years$50,532$38,518$28,982$21,562$15,892$5,548
26 years$48,070$36,201$26,879$19,715$14,315$4,744
27 years$45,794$34,069$24,960$18,046$12,906$4,057
28 years$43,684$32,103$23,203$16,534$11,645$3,472
29 years$41,724$30,286$21,592$15,162$10,516$2,972
30 years$39,897$28,602$20,113$13,915$9,501$2,544
31 years$38,192$27,038$18,750$12,780$8,590$2,179
32 years$36,596$25,584$17,494$11,745$7,770$1,867
33 years$35,101$24,228$16,335$10,800$7,032$1,599
34 years$33,696$22,963$15,262$9,937$6,367$1,370
35 years$32,375$21,780$14,269$9,148$5,767$1,174
36 years$31,129$20,672$13,348$8,425$5,225$1,006
37 years$29,954$19,634$12,494$7,763$4,736$863
38 years$28,843$18,659$11,700$7,155$4,293$739
39 years$27,792$17,743$10,962$6,597$3,893$634
40 years$26,796$16,881$10,274$6,085$3,531$543
41 years$25,851$16,069$9,634$5,614$3,204$466
42 years$24,954$15,304$9,037$5,181$2,907$400
43 years$24,100$14,581$8,480$4,783$2,638$343
44 years$23,288$13,899$7,960$4,416$2,395$294
45 years$22,513$13,254$7,474$4,078$2,174$252
46 years$21,775$12,644$7,020$3,767$1,974$216
47 years$21,070$12,066$6,595$3,481$1,792$185
48 years$20,397$11,519$6,198$3,216$1,628$159
49 years$19,753$11,000$5,825$2,972$1,478$136
50 years$19,136$10,507$5,477$2,747$1,343$117

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 $5,125 every year, while hoping to spend $27,238 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: 28/45/27 Blend
64$19,600,000$19,600,000$19,600,000$19,600,000
65$21,604,486$20,565,686$20,261,886$22,027,975
66$23,779,163$21,544,424$20,911,679$23,344,372
67$26,174,744$22,570,207$21,582,326$24,754,969
68$28,813,732$23,645,311$22,274,498$26,269,961
69$31,720,926$24,772,125$22,988,887$27,898,322
70$34,923,651$25,953,150$23,726,206$29,649,863
71$38,452,022$27,191,012$24,487,192$31,535,320
72$42,339,219$28,488,463$25,272,604$33,566,445
73$46,621,812$29,848,390$26,083,228$35,756,101
74$51,340,094$31,273,819$26,919,874$38,118,378
75$56,538,472$32,767,924$27,783,378$40,668,708
76$62,265,877$34,334,033$28,674,602$43,424,001
77$68,576,233$35,975,637$29,594,437$46,402,793
78$75,528,960$37,696,395$30,543,803$49,625,403
79$83,189,542$39,500,146$31,523,648$53,114,113
80$91,630,137$41,390,915$32,534,952$56,893,361
81$100,930,263$43,372,922$33,578,725$60,989,958
82$111,177,548$45,450,593$34,656,010$65,433,323
83$122,468,557$47,628,571$35,767,886$70,255,744
84$134,909,702$49,911,724$36,915,462$75,492,663
85$148,618,248$52,305,155$38,099,887$81,182,995
86$163,723,421$54,814,219$39,322,345$87,369,469
87$180,367,623$57,444,529$40,584,057$94,099,018
88$198,707,784$60,201,974$41,886,285$101,423,195
89$218,916,834$63,092,727$43,230,333$109,398,637
90$241,185,345$66,123,265$44,617,542$118,087,579
91$265,723,322$69,300,377$46,049,302$127,558,413
92$292,762,191$72,631,185$47,527,043$137,886,308
93$322,556,979$76,123,158$49,052,244$149,153,896
94$355,388,727$79,784,128$50,626,430$161,452,016
95$391,567,138$83,622,311$52,251,176$174,880,547
96$431,433,502$87,646,321$53,928,107$189,549,319
97$475,363,921$91,865,192$55,658,900$205,579,115
98$523,772,855$96,288,401$57,445,287$223,102,776
99$577,117,037$100,925,883$59,289,056$242,266,422
100$635,899,785$105,788,062$61,192,050$263,230,791