Can I retire at age 65 with 19,800,000?

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,563,042
2 years$809,438$794,363$779,753$765,588$751,848$735,895
3 years$534,265$519,125$504,552$490,519$477,003$461,431
4 years$396,706$381,612$367,185$353,392$340,203$325,132
5 years$314,192$299,188$284,950$271,439$258,617$244,091
6 years$259,200$244,310$230,282$217,072$204,634$190,671
7 years$219,936$205,171$191,366$178,467$166,423$153,028
8 years$190,501$175,869$162,293$149,711$138,064$125,238
9 years$167,619$153,126$139,783$127,521$116,270$104,007
10 years$149,325$134,973$121,866$109,924$99,067$87,361
11 years$134,366$120,159$107,289$95,667$85,201$74,042
12 years$121,910$107,848$95,216$83,913$73,834$63,210
13 years$111,378$97,463$85,069$74,082$64,384$54,283
14 years$102,358$88,591$76,435$65,762$56,439$46,847
15 years$94,548$80,930$69,011$58,648$49,693$40,596
16 years$87,721$74,251$62,569$52,513$43,919$35,302
17 years$81,704$68,383$56,935$47,183$38,942$30,789
18 years$76,361$63,189$51,974$42,521$34,625$26,920
19 years$71,586$58,563$47,580$38,421$30,862$23,589
20 years$67,294$54,419$43,666$34,798$27,567$20,709
21 years$63,416$50,689$40,165$31,581$24,669$18,209
22 years$59,895$47,317$37,018$28,715$22,112$16,034
23 years$56,685$44,254$34,179$26,151$19,849$14,136
24 years$53,746$41,463$31,610$23,851$17,841$12,477
25 years$51,047$38,911$29,277$21,782$16,054$11,022
26 years$48,560$36,570$27,153$19,917$14,461$9,745
27 years$46,261$34,417$25,214$18,230$13,038$8,622
28 years$44,130$32,431$23,440$16,703$11,764$7,633
29 years$42,149$30,595$21,813$15,317$10,623$6,762
30 years$40,304$28,894$20,318$14,057$9,598$5,993
31 years$38,582$27,314$18,942$12,910$8,678$5,314
32 years$36,970$25,845$17,673$11,865$7,850$4,713
33 years$35,459$24,475$16,501$10,911$7,104$4,182
34 years$34,040$23,197$15,418$10,039$6,432$3,712
35 years$32,705$22,002$14,415$9,241$5,826$3,295
36 years$31,447$20,883$13,485$8,511$5,278$2,926
37 years$30,260$19,834$12,621$7,842$4,784$2,599
38 years$29,138$18,850$11,819$7,228$4,337$2,309
39 years$28,076$17,924$11,073$6,664$3,933$2,052
40 years$27,070$17,053$10,379$6,147$3,567$1,823
41 years$26,115$16,233$9,732$5,671$3,236$1,620
42 years$25,208$15,460$9,129$5,234$2,937$1,440
43 years$24,346$14,730$8,567$4,832$2,665$1,280
44 years$23,525$14,041$8,041$4,461$2,419$1,138
45 years$22,743$13,389$7,550$4,120$2,196$1,012
46 years$21,997$12,773$7,092$3,806$1,994$900
47 years$21,285$12,189$6,662$3,516$1,811$800
48 years$20,605$11,636$6,261$3,249$1,644$712
49 years$19,954$11,112$5,885$3,003$1,493$633
50 years$19,332$10,615$5,533$2,775$1,357$563

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $19,800,000, adding $6,158 every year, while hoping to spend $32,630 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: 39/49/12 Blend
64$19,800,000$19,800,000$19,800,000$19,800,000
65$21,825,952$20,776,552$20,469,652$22,597,929
66$24,017,481$21,759,885$21,120,667$24,128,771
67$26,431,452$22,790,308$21,792,398$25,779,277
68$29,090,521$23,870,093$22,485,503$27,563,148
69$32,019,651$25,001,624$23,200,665$29,492,420
70$35,246,351$26,187,400$23,938,583$31,580,291
71$38,800,937$27,430,041$24,699,984$33,841,223
72$42,716,814$28,732,294$25,485,615$36,291,081
73$47,030,793$30,097,041$26,296,247$38,947,260
74$51,783,439$31,527,301$27,132,676$41,828,846
75$57,019,454$33,026,242$27,995,725$44,956,782
76$62,788,096$34,597,186$28,886,239$48,354,049
77$69,143,648$36,243,615$29,805,095$52,045,877
78$76,145,929$37,969,180$30,753,194$56,059,962
79$83,860,855$39,777,712$31,731,467$60,426,720
80$92,361,067$41,673,224$32,740,876$65,179,551
81$101,726,613$43,659,929$33,782,413$70,355,147
82$112,045,703$45,742,241$34,857,099$75,993,816
83$123,415,543$47,924,790$35,965,990$82,139,844
84$135,943,255$50,212,430$37,110,177$88,841,902
85$149,746,882$52,610,254$38,290,783$96,153,479
86$164,956,507$55,123,600$39,508,968$104,133,369
87$181,715,481$57,758,067$40,765,928$112,846,209
88$200,181,772$60,519,524$42,062,899$122,363,061
89$220,529,462$63,414,130$43,401,155$132,762,065
90$242,950,384$66,448,339$44,782,010$144,129,147
91$267,655,938$69,628,922$46,206,822$156,558,813
92$294,879,084$72,962,980$47,676,991$170,155,007
93$324,876,541$76,457,956$49,193,961$185,032,068
94$357,931,212$80,121,660$50,759,223$201,315,780
95$394,354,854$83,962,280$52,374,315$219,144,530
96$434,491,018$87,988,401$54,040,824$238,670,580
97$478,718,299$92,209,029$55,760,388$260,061,474
98$527,453,902$96,633,608$57,534,698$283,501,583
99$581,157,586$101,272,041$59,365,496$309,193,809
100$640,336,002$106,134,713$61,254,583$337,361,462