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%14%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,537,039
2 years$801,262$786,339$771,877$757,855$744,253$718,243
3 years$528,869$513,882$499,455$485,565$472,185$446,866
4 years$392,699$377,757$363,476$349,822$336,766$312,334
5 years$311,018$296,166$282,072$268,697$256,004$232,529
6 years$256,582$241,842$227,956$214,879$202,567$180,076
7 years$217,714$203,099$189,433$176,664$164,742$143,240
8 years$188,577$174,093$160,654$148,199$136,669$116,154
9 years$165,926$151,579$138,371$126,233$115,095$95,555
10 years$147,817$133,610$120,635$108,814$98,067$79,486
11 years$133,009$118,945$106,205$94,701$84,341$66,699
12 years$120,678$106,759$94,254$83,065$73,088$56,362
13 years$110,253$96,479$84,210$73,334$63,734$47,900
14 years$101,324$87,696$75,663$65,098$55,869$40,899
15 years$93,593$80,112$68,314$58,056$49,191$35,058
16 years$86,835$73,501$61,936$51,983$43,475$30,150
17 years$80,879$67,692$56,360$46,706$38,548$26,000
18 years$75,590$62,550$51,449$42,092$34,275$22,473
19 years$70,863$57,971$47,099$38,033$30,550$19,464
20 years$66,614$53,870$43,225$34,446$27,288$16,886
21 years$62,775$50,177$39,759$31,262$24,420$14,671
22 years$59,290$46,839$36,644$28,425$21,889$12,762
23 years$56,112$43,807$33,834$25,887$19,649$11,114
24 years$53,204$41,045$31,291$23,610$17,661$9,688
25 years$50,532$38,518$28,982$21,562$15,892$8,451
26 years$48,070$36,201$26,879$19,715$14,315$7,378
27 years$45,794$34,069$24,960$18,046$12,906$6,445
28 years$43,684$32,103$23,203$16,534$11,645$5,632
29 years$41,724$30,286$21,592$15,162$10,516$4,925
30 years$39,897$28,602$20,113$13,915$9,501$4,308
31 years$38,192$27,038$18,750$12,780$8,590$3,770
32 years$36,596$25,584$17,494$11,745$7,770$3,300
33 years$35,101$24,228$16,335$10,800$7,032$2,889
34 years$33,696$22,963$15,262$9,937$6,367$2,530
35 years$32,375$21,780$14,269$9,148$5,767$2,216
36 years$31,129$20,672$13,348$8,425$5,225$1,942
37 years$29,954$19,634$12,494$7,763$4,736$1,701
38 years$28,843$18,659$11,700$7,155$4,293$1,491
39 years$27,792$17,743$10,962$6,597$3,893$1,307
40 years$26,796$16,881$10,274$6,085$3,531$1,145
41 years$25,851$16,069$9,634$5,614$3,204$1,004
42 years$24,954$15,304$9,037$5,181$2,907$880
43 years$24,100$14,581$8,480$4,783$2,638$772
44 years$23,288$13,899$7,960$4,416$2,395$677
45 years$22,513$13,254$7,474$4,078$2,174$593
46 years$21,775$12,644$7,020$3,767$1,974$520
47 years$21,070$12,066$6,595$3,481$1,792$456
48 years$20,397$11,519$6,198$3,216$1,628$400
49 years$19,753$11,000$5,825$2,972$1,478$351
50 years$19,136$10,507$5,477$2,747$1,343$308

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 $4,677 every year, while hoping to spend $49,087 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: 63/21/16 Blend
64$19,600,000$19,600,000$19,600,000$19,600,000
65$21,604,024$20,565,224$20,261,424$22,879,167
66$23,755,407$21,520,692$20,887,954$24,691,427
67$26,124,585$22,521,333$21,533,827$26,663,617
68$28,733,722$23,569,308$22,199,640$28,816,130
69$31,607,241$24,666,883$22,886,007$31,166,521
70$34,772,053$25,816,434$23,593,562$33,734,104
71$38,257,813$27,020,450$24,322,957$36,540,122
72$42,097,200$28,281,542$25,074,866$39,607,950
73$46,326,223$29,602,446$25,849,982$42,963,305
74$50,984,562$30,986,030$26,649,021$46,634,485
75$56,115,943$32,435,301$27,472,719$50,652,633
76$61,768,550$33,953,411$28,321,835$55,052,020
77$67,995,479$35,543,666$29,197,154$59,870,367
78$74,855,241$37,209,529$30,099,482$65,149,192
79$82,412,312$38,954,632$31,029,651$70,934,197
80$90,737,742$40,782,783$31,988,519$77,275,688
81$99,909,826$42,697,974$32,976,969$84,229,050
82$110,014,843$44,704,389$33,995,912$91,855,254
83$121,147,870$46,806,417$35,046,287$100,221,431
84$133,413,678$49,008,656$36,129,063$109,401,492
85$146,927,723$51,315,931$37,245,237$119,476,823
86$161,817,235$53,733,295$38,395,836$130,537,037
87$178,222,418$56,266,052$39,581,922$142,680,816
88$196,297,774$58,919,758$40,804,586$156,016,830
89$216,213,562$61,700,241$42,064,954$170,664,751
90$238,157,402$64,613,610$43,364,188$186,756,378
91$262,336,051$67,666,271$44,703,482$204,436,860
92$288,977,350$70,864,940$46,084,070$223,866,062
93$318,332,377$74,216,659$47,507,224$245,220,061
94$350,677,815$77,728,812$48,974,252$268,692,788
95$386,318,568$81,409,139$50,486,505$294,497,856
96$425,590,633$85,265,758$52,045,374$322,870,552
97$468,864,278$89,307,180$53,652,294$354,070,051
98$516,547,531$93,542,329$55,308,743$388,381,842
99$569,090,038$97,980,561$57,016,244$426,120,408
100$626,987,302$102,631,689$58,776,368$467,632,179