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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.7%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,535,729
2 years$809,438$794,363$779,753$765,588$751,848$708,689
3 years$534,265$519,125$504,552$490,519$477,003$435,188
4 years$396,706$381,612$367,185$353,392$340,203$300,052
5 years$314,192$299,188$284,950$271,439$258,617$220,241
6 years$259,200$244,310$230,282$217,072$204,634$168,070
7 years$219,936$205,171$191,366$178,467$166,423$131,671
8 years$190,501$175,869$162,293$149,711$138,064$105,106
9 years$167,619$153,126$139,783$127,521$116,270$85,076
10 years$149,325$134,973$121,866$109,924$99,067$69,598
11 years$134,366$120,159$107,289$95,667$85,201$57,409
12 years$121,910$107,848$95,216$83,913$73,834$47,667
13 years$111,378$97,463$85,069$74,082$64,384$39,787
14 years$102,358$88,591$76,435$65,762$56,439$33,353
15 years$94,548$80,930$69,011$58,648$49,693$28,058
16 years$87,721$74,251$62,569$52,513$43,919$23,672
17 years$81,704$68,383$56,935$47,183$38,942$20,020
18 years$76,361$63,189$51,974$42,521$34,625$16,966
19 years$71,586$58,563$47,580$38,421$30,862$14,402
20 years$67,294$54,419$43,666$34,798$27,567$12,242
21 years$63,416$50,689$40,165$31,581$24,669$10,419
22 years$59,895$47,317$37,018$28,715$22,112$8,877
23 years$56,685$44,254$34,179$26,151$19,849$7,569
24 years$53,746$41,463$31,610$23,851$17,841$6,459
25 years$51,047$38,911$29,277$21,782$16,054$5,514
26 years$48,560$36,570$27,153$19,917$14,461$4,711
27 years$46,261$34,417$25,214$18,230$13,038$4,026
28 years$44,130$32,431$23,440$16,703$11,764$3,442
29 years$42,149$30,595$21,813$15,317$10,623$2,944
30 years$40,304$28,894$20,318$14,057$9,598$2,519
31 years$38,582$27,314$18,942$12,910$8,678$2,155
32 years$36,970$25,845$17,673$11,865$7,850$1,844
33 years$35,459$24,475$16,501$10,911$7,104$1,579
34 years$34,040$23,197$15,418$10,039$6,432$1,352
35 years$32,705$22,002$14,415$9,241$5,826$1,157
36 years$31,447$20,883$13,485$8,511$5,278$991
37 years$30,260$19,834$12,621$7,842$4,784$849
38 years$29,138$18,850$11,819$7,228$4,337$727
39 years$28,076$17,924$11,073$6,664$3,933$623
40 years$27,070$17,053$10,379$6,147$3,567$533
41 years$26,115$16,233$9,732$5,671$3,236$457
42 years$25,208$15,460$9,129$5,234$2,937$391
43 years$24,346$14,730$8,567$4,832$2,665$335
44 years$23,525$14,041$8,041$4,461$2,419$287
45 years$22,743$13,389$7,550$4,120$2,196$246
46 years$21,997$12,773$7,092$3,806$1,994$211
47 years$21,285$12,189$6,662$3,516$1,811$181
48 years$20,605$11,636$6,261$3,249$1,644$155
49 years$19,954$11,112$5,885$3,003$1,493$133
50 years$19,332$10,615$5,533$2,775$1,357$114

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 $5,802 every year, while hoping to spend $58,920 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: 48/23/29 Blend
64$19,800,000$19,800,000$19,800,000$19,800,000
65$21,825,585$20,776,185$20,469,285$22,692,064
66$23,989,104$21,731,527$21,092,315$24,258,510
67$26,371,327$22,731,707$21,734,243$25,952,458
68$28,994,501$23,778,859$22,395,638$27,791,030
69$31,883,137$24,875,219$23,077,088$29,787,910
70$35,064,246$26,023,135$23,779,200$31,958,132
71$38,567,593$27,225,062$24,502,597$34,318,221
72$42,425,975$28,483,578$25,247,922$36,886,339
73$46,675,534$29,801,383$26,015,837$39,682,455
74$51,356,094$31,181,306$26,807,023$42,728,520
75$56,511,541$32,626,315$27,622,183$46,048,675
76$62,190,232$34,139,519$28,462,041$49,669,467
77$68,445,457$35,724,177$29,327,341$53,620,093
78$75,335,938$37,383,705$30,218,850$57,932,669
79$82,926,382$39,121,685$31,137,361$62,642,524
80$91,288,096$40,941,871$32,083,686$67,788,528
81$100,499,657$42,848,198$33,058,664$73,413,443
82$110,647,653$44,844,790$34,063,160$79,564,327
83$121,827,500$46,935,972$35,098,062$86,292,961
84$134,144,346$49,126,275$36,164,289$93,656,333
85$147,714,060$51,420,453$37,262,782$101,717,161
86$162,664,324$53,823,485$38,394,516$110,544,479
87$179,135,843$56,340,595$39,560,490$120,214,274
88$197,283,670$58,977,254$40,761,738$130,810,192
89$217,278,668$61,739,204$41,999,320$142,424,317
90$239,309,126$64,632,458$43,274,331$155,158,025
91$263,582,534$67,663,326$44,587,897$169,122,930
92$290,327,541$70,838,418$45,941,181$184,441,923
93$319,796,116$74,164,666$47,335,377$201,250,316
94$352,265,924$77,649,338$48,771,715$219,697,103
95$388,042,946$81,300,054$50,251,466$239,946,357
96$427,464,370$85,124,800$51,775,933$262,178,756
97$470,901,772$89,131,952$53,346,463$286,593,271
98$518,764,625$93,330,289$54,964,442$313,409,032
99$571,504,160$97,729,017$56,631,294$342,867,371
100$629,617,633$102,337,787$58,348,491$375,234,086