Can I retire at age 65 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,507,983
2 years$805,350$790,351$775,815$761,721$748,050$685,447
3 years$531,567$516,503$502,004$488,042$474,594$414,281
4 years$394,702$379,685$365,330$351,607$338,484$280,921
5 years$312,605$297,677$283,511$270,068$257,310$202,642
6 years$257,891$243,076$229,119$215,975$203,601$151,863
7 years$218,825$204,135$190,399$177,565$165,582$116,754
8 years$189,539$174,981$161,474$148,955$137,366$91,398
9 years$166,773$152,353$139,077$126,877$115,682$72,503
10 years$148,571$134,291$121,251$109,369$98,567$58,092
11 years$133,688$119,552$106,747$95,184$84,771$46,904
12 years$121,294$107,303$94,735$83,489$73,461$38,099
13 years$110,815$96,971$84,640$73,708$64,059$31,095
14 years$101,841$88,144$76,049$65,430$56,154$25,474
15 years$94,071$80,521$68,662$58,352$49,442$20,934
16 years$87,278$73,876$62,253$52,248$43,697$17,245
17 years$81,291$68,037$56,647$46,944$38,745$14,236
18 years$75,975$62,870$51,712$42,306$34,450$11,770
19 years$71,225$58,267$47,339$38,227$30,706$9,745
20 years$66,954$54,144$43,446$34,622$27,427$8,078
21 years$63,095$50,433$39,962$31,422$24,544$6,701
22 years$59,592$47,078$36,831$28,570$22,001$5,564
23 years$56,398$44,031$34,007$26,019$19,749$4,622
24 years$53,475$41,254$31,451$23,731$17,751$3,842
25 years$50,790$38,715$29,130$21,672$15,973$3,195
26 years$48,315$36,386$27,016$19,816$14,388$2,658
27 years$46,027$34,243$25,087$18,138$12,972$2,212
28 years$43,907$32,267$23,322$16,618$11,705$1,841
29 years$41,936$30,440$21,703$15,239$10,569$1,532
30 years$40,101$28,748$20,215$13,986$9,550$1,276
31 years$38,387$27,176$18,846$12,845$8,634$1,063
32 years$36,783$25,714$17,584$11,805$7,810$885
33 years$35,280$24,352$16,418$10,856$7,068$737
34 years$33,868$23,080$15,340$9,988$6,399$614
35 years$32,540$21,891$14,342$9,195$5,796$511
36 years$31,288$20,778$13,416$8,468$5,252$426
37 years$30,107$19,734$12,558$7,802$4,760$355
38 years$28,991$18,754$11,760$7,191$4,315$296
39 years$27,934$17,834$11,017$6,631$3,913$246
40 years$26,933$16,967$10,327$6,116$3,549$205
41 years$25,983$16,151$9,683$5,643$3,220$171
42 years$25,081$15,382$9,083$5,208$2,922$143
43 years$24,223$14,656$8,523$4,807$2,652$119
44 years$23,406$13,970$8,001$4,439$2,407$99
45 years$22,628$13,322$7,512$4,099$2,185$82
46 years$21,886$12,708$7,056$3,787$1,984$69
47 years$21,178$12,128$6,629$3,498$1,802$57
48 years$20,501$11,577$6,229$3,233$1,636$48
49 years$19,854$11,056$5,855$2,987$1,486$40
50 years$19,234$10,561$5,505$2,761$1,350$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $19,700,000, adding $2,468 every year, while hoping to spend $39,258 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: 32/47/21 Blend
64$19,700,000$19,700,000$19,700,000$19,700,000
65$21,711,946$20,667,846$20,362,496$22,265,583
66$23,884,794$21,638,800$21,002,869$23,652,288
67$26,277,957$22,656,015$21,663,379$25,141,167
68$28,913,865$23,721,717$22,344,659$26,744,063
69$31,817,237$24,838,238$23,047,362$28,470,986
70$35,015,308$26,008,024$23,772,162$30,332,890
71$38,538,092$27,233,641$24,519,752$32,341,778
72$42,418,664$28,517,776$25,290,851$34,510,792
73$46,693,470$29,863,249$26,086,196$36,854,335
74$51,402,671$31,273,015$26,906,551$39,388,193
75$56,590,524$32,750,174$27,752,701$42,129,671
76$62,305,799$34,297,974$28,625,458$45,097,745
77$68,602,238$35,919,822$29,525,658$48,313,228
78$75,539,063$37,619,289$30,454,164$51,798,953
79$83,181,535$39,400,122$31,411,866$55,579,973
80$91,601,570$41,266,246$32,399,682$59,683,783
81$100,878,417$43,221,780$33,418,559$64,140,567
82$111,099,408$45,271,039$34,469,473$68,983,460
83$122,360,778$47,418,551$35,553,431$74,248,849
84$134,768,579$49,669,062$36,671,473$79,976,700
85$148,439,677$52,027,548$37,824,669$86,210,908
86$163,502,854$54,499,228$39,014,126$92,999,702
87$180,100,029$57,089,574$40,240,983$100,396,072
88$198,387,592$59,804,323$41,506,416$108,458,253
89$218,537,883$62,649,492$42,811,638$117,250,247
90$240,740,819$65,631,389$44,157,900$126,842,409
91$265,205,685$68,756,629$45,546,491$137,312,084
92$292,163,110$72,032,149$46,978,744$148,744,307
93$321,867,245$75,465,222$48,456,030$161,232,589
94$354,598,163$79,063,476$49,979,765$174,879,762
95$390,664,498$82,834,910$51,551,410$189,798,923
96$430,406,365$86,787,908$53,172,471$206,114,471
97$474,198,566$90,931,268$54,844,501$223,963,252
98$522,454,131$95,274,211$56,569,102$243,495,810
99$575,628,214$99,826,409$58,347,928$264,877,779
100$634,222,391$104,598,002$60,182,683$288,291,404