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%15.4%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,543,847
2 years$809,438$794,363$779,753$765,588$751,848$716,735
3 years$534,265$519,125$504,552$490,519$477,003$442,907
4 years$396,706$381,612$367,185$353,392$340,203$307,385
5 years$314,192$299,188$284,950$271,439$258,617$227,171
6 years$259,200$244,310$230,282$217,072$204,634$174,593
7 years$219,936$205,171$191,366$178,467$166,423$137,790
8 years$190,501$175,869$162,293$149,711$138,064$110,831
9 years$167,619$153,126$139,783$127,521$116,270$90,416
10 years$149,325$134,973$121,866$109,924$99,067$74,566
11 years$134,366$120,159$107,289$95,667$85,201$62,019
12 years$121,910$107,848$95,216$83,913$73,834$51,935
13 years$111,378$97,463$85,069$74,082$64,384$43,730
14 years$102,358$88,591$76,435$65,762$56,439$36,986
15 years$94,548$80,930$69,011$58,648$49,693$31,398
16 years$87,721$74,251$62,569$52,513$43,919$26,737
17 years$81,704$68,383$56,935$47,183$38,942$22,827
18 years$76,361$63,189$51,974$42,521$34,625$19,530
19 years$71,586$58,563$47,580$38,421$30,862$16,740
20 years$67,294$54,419$43,666$34,798$27,567$14,371
21 years$63,416$50,689$40,165$31,581$24,669$12,354
22 years$59,895$47,317$37,018$28,715$22,112$10,632
23 years$56,685$44,254$34,179$26,151$19,849$9,158
24 years$53,746$41,463$31,610$23,851$17,841$7,895
25 years$51,047$38,911$29,277$21,782$16,054$6,812
26 years$48,560$36,570$27,153$19,917$14,461$5,880
27 years$46,261$34,417$25,214$18,230$13,038$5,079
28 years$44,130$32,431$23,440$16,703$11,764$4,388
29 years$42,149$30,595$21,813$15,317$10,623$3,793
30 years$40,304$28,894$20,318$14,057$9,598$3,280
31 years$38,582$27,314$18,942$12,910$8,678$2,837
32 years$36,970$25,845$17,673$11,865$7,850$2,455
33 years$35,459$24,475$16,501$10,911$7,104$2,124
34 years$34,040$23,197$15,418$10,039$6,432$1,839
35 years$32,705$22,002$14,415$9,241$5,826$1,592
36 years$31,447$20,883$13,485$8,511$5,278$1,378
37 years$30,260$19,834$12,621$7,842$4,784$1,193
38 years$29,138$18,850$11,819$7,228$4,337$1,033
39 years$28,076$17,924$11,073$6,664$3,933$895
40 years$27,070$17,053$10,379$6,147$3,567$775
41 years$26,115$16,233$9,732$5,671$3,236$671
42 years$25,208$15,460$9,129$5,234$2,937$581
43 years$24,346$14,730$8,567$4,832$2,665$504
44 years$23,525$14,041$8,041$4,461$2,419$436
45 years$22,743$13,389$7,550$4,120$2,196$378
46 years$21,997$12,773$7,092$3,806$1,994$328
47 years$21,285$12,189$6,662$3,516$1,811$284
48 years$20,605$11,636$6,261$3,249$1,644$246
49 years$19,954$11,112$5,885$3,003$1,493$213
50 years$19,332$10,615$5,533$2,775$1,357$185

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 $3,606 every year, while hoping to spend $57,307 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: 59/32/9 Blend
64$19,800,000$19,800,000$19,800,000$19,800,000
65$21,823,320$20,773,920$20,467,020$23,065,922
66$23,988,324$21,730,867$21,091,691$24,857,999
67$26,372,238$22,732,785$21,735,367$26,804,319
68$28,997,330$23,781,815$22,398,626$28,925,089
69$31,888,138$24,880,205$23,082,060$31,237,073
70$35,071,701$26,030,307$23,786,282$33,758,697
71$38,577,812$27,234,590$24,511,920$36,510,222
72$42,439,304$28,495,640$25,259,625$39,513,920
73$46,692,355$29,816,168$26,030,064$42,794,288
74$51,376,830$31,199,016$26,823,926$46,378,264
75$56,536,661$32,647,161$27,641,921$50,295,476
76$62,220,255$34,163,726$28,484,780$54,578,515
77$68,480,956$35,751,985$29,353,256$59,263,232
78$75,377,547$37,415,366$30,248,124$64,389,071
79$82,974,805$39,157,466$31,170,183$69,999,429
80$91,344,107$40,982,054$32,120,257$76,142,058
81$100,564,114$42,893,083$33,099,193$82,869,505
82$110,721,503$44,894,693$34,107,865$90,239,600
83$121,911,791$46,991,228$35,147,173$98,315,986
84$134,240,234$49,187,238$36,218,044$107,168,714
85$147,822,822$51,487,497$37,321,433$116,874,888
86$162,787,371$53,897,006$38,458,322$127,519,383
87$179,274,733$56,421,009$39,629,726$139,195,634
88$197,440,122$59,065,005$40,836,688$152,006,499
89$217,454,580$61,834,756$42,080,283$166,065,222
90$239,506,594$64,736,306$43,361,619$181,496,485
91$263,803,870$67,775,988$44,681,837$198,437,568
92$290,575,298$70,960,444$46,042,111$217,039,628
93$320,073,109$74,296,637$47,443,653$237,469,112
94$352,575,260$77,791,866$48,887,709$259,909,307
95$388,388,053$81,453,784$50,375,563$284,562,055
96$427,849,029$85,290,414$51,908,540$311,649,635
97$471,330,155$89,310,170$53,488,001$341,416,843
98$519,241,333$93,521,870$55,115,351$374,133,280
99$572,034,269$97,934,761$56,792,035$410,095,876
100$630,206,739$102,558,539$58,519,543$449,631,669