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%14.5%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,549,537
2 years$809,438$794,363$779,753$765,588$751,848$722,395
3 years$534,265$519,125$504,552$490,519$477,003$448,358
4 years$396,706$381,612$367,185$353,392$340,203$312,586
5 years$314,192$299,188$284,950$271,439$258,617$232,108
6 years$259,200$244,310$230,282$217,072$204,634$179,263
7 years$219,936$205,171$191,366$178,467$166,423$142,194
8 years$190,501$175,869$162,293$149,711$138,064$114,973
9 years$167,619$153,126$139,783$127,521$116,270$94,302
10 years$149,325$134,973$121,866$109,924$99,067$78,203
11 years$134,366$120,159$107,289$95,667$85,201$65,416
12 years$121,910$107,848$95,216$83,913$73,834$55,101
13 years$111,378$97,463$85,069$74,082$64,384$46,673
14 years$102,358$88,591$76,435$65,762$56,439$39,718
15 years$94,548$80,930$69,011$58,648$49,693$33,929
16 years$87,721$74,251$62,569$52,513$43,919$29,076
17 years$81,704$68,383$56,935$47,183$38,942$24,984
18 years$76,361$63,189$51,974$42,521$34,625$21,517
19 years$71,586$58,563$47,580$38,421$30,862$18,567
20 years$67,294$54,419$43,666$34,798$27,567$16,048
21 years$63,416$50,689$40,165$31,581$24,669$13,890
22 years$59,895$47,317$37,018$28,715$22,112$12,037
23 years$56,685$44,254$34,179$26,151$19,849$10,442
24 years$53,746$41,463$31,610$23,851$17,841$9,066
25 years$51,047$38,911$29,277$21,782$16,054$7,878
26 years$48,560$36,570$27,153$19,917$14,461$6,850
27 years$46,261$34,417$25,214$18,230$13,038$5,959
28 years$44,130$32,431$23,440$16,703$11,764$5,187
29 years$42,149$30,595$21,813$15,317$10,623$4,517
30 years$40,304$28,894$20,318$14,057$9,598$3,935
31 years$38,582$27,314$18,942$12,910$8,678$3,429
32 years$36,970$25,845$17,673$11,865$7,850$2,989
33 years$35,459$24,475$16,501$10,911$7,104$2,606
34 years$34,040$23,197$15,418$10,039$6,432$2,273
35 years$32,705$22,002$14,415$9,241$5,826$1,982
36 years$31,447$20,883$13,485$8,511$5,278$1,729
37 years$30,260$19,834$12,621$7,842$4,784$1,509
38 years$29,138$18,850$11,819$7,228$4,337$1,317
39 years$28,076$17,924$11,073$6,664$3,933$1,149
40 years$27,070$17,053$10,379$6,147$3,567$1,003
41 years$26,115$16,233$9,732$5,671$3,236$875
42 years$25,208$15,460$9,129$5,234$2,937$764
43 years$24,346$14,730$8,567$4,832$2,665$667
44 years$23,525$14,041$8,041$4,461$2,419$582
45 years$22,743$13,389$7,550$4,120$2,196$509
46 years$21,997$12,773$7,092$3,806$1,994$444
47 years$21,285$12,189$6,662$3,516$1,811$388
48 years$20,605$11,636$6,261$3,249$1,644$339
49 years$19,954$11,112$5,885$3,003$1,493$296
50 years$19,332$10,615$5,533$2,775$1,357$258

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 $3,364 every year, while hoping to spend $44,192 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: 49/33/18 Blend
64$19,800,000$19,800,000$19,800,000$19,800,000
65$21,823,070$20,773,670$20,466,770$22,782,425
66$24,002,003$21,744,560$21,105,387$24,417,545
67$26,401,706$22,761,542$21,763,916$26,187,999
68$29,044,652$23,826,829$22,442,979$28,110,343
69$31,955,601$24,942,739$23,143,214$30,198,870
70$35,161,842$26,111,703$23,865,281$32,469,280
71$38,693,443$27,336,269$24,609,861$34,938,817
72$42,583,538$28,619,110$25,377,654$37,626,429
73$46,868,638$29,963,025$26,169,385$40,552,935
74$51,588,978$31,370,953$26,985,799$43,741,217
75$56,788,895$32,845,970$27,827,664$47,216,424
76$62,517,245$34,391,305$28,695,773$51,006,203
77$68,827,867$36,010,342$29,590,945$55,140,949
78$75,780,089$37,706,629$30,514,021$59,654,084
79$83,439,289$39,483,885$31,465,872$64,582,359
80$91,877,511$41,346,009$32,447,393$69,966,194
81$101,174,144$43,297,092$33,459,508$75,850,045
82$111,416,676$45,341,418$34,503,171$82,282,815
83$122,701,514$47,483,484$35,579,364$89,318,301
84$135,134,896$49,728,002$36,689,100$97,015,688
85$148,833,894$52,079,913$37,833,423$105,440,099
86$163,927,520$54,544,398$39,013,412$114,663,192
87$180,557,941$57,126,888$40,230,176$124,763,821
88$198,881,825$59,833,079$41,484,860$135,828,768
89$219,071,815$62,668,943$42,778,647$147,953,544
90$241,318,161$65,640,743$44,112,752$161,243,276
91$265,830,516$68,755,042$45,488,432$175,813,677
92$292,839,916$72,018,726$46,906,982$191,792,127
93$322,600,957$75,439,013$48,369,735$209,318,851
94$355,394,202$79,023,473$49,878,069$228,548,222
95$391,528,829$82,780,041$51,433,403$249,650,202
96$431,345,546$86,717,040$53,037,199$272,811,922
97$475,219,814$90,843,197$54,690,967$298,239,422
98$523,565,383$95,167,661$56,396,262$326,159,578
99$576,838,204$99,700,029$58,154,689$356,822,214
100$635,540,731$104,450,361$59,967,901$390,502,436