Can I retire at age 65 with 19,900,000?

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,555,450
2 years$813,526$798,375$783,691$769,454$755,645$724,139
3 years$536,964$521,747$507,100$492,997$479,412$448,786
4 years$398,709$383,539$369,039$355,176$341,921$312,411
5 years$315,778$300,700$286,390$272,810$259,923$231,613
6 years$260,509$245,544$231,445$218,168$205,668$178,589
7 years$221,047$206,207$192,332$179,368$167,263$141,421
8 years$191,463$176,758$163,113$150,467$138,761$114,149
9 years$168,466$153,899$140,489$128,165$116,857$93,459
10 years$150,079$135,655$122,482$110,479$99,568$77,361
11 years$135,045$120,765$107,831$96,150$85,632$64,589
12 years$122,526$108,393$95,697$84,337$74,207$54,298
13 years$111,940$97,955$85,499$74,457$64,710$45,902
14 years$102,875$89,039$76,821$66,094$56,724$38,983
15 years$95,026$81,338$69,359$58,944$49,944$33,232
16 years$88,165$74,626$62,885$52,778$44,141$28,418
17 years$82,117$68,728$57,222$47,421$39,138$24,367
18 years$76,747$63,508$52,237$42,736$34,800$20,940
19 years$71,948$58,858$47,820$38,615$31,018$18,029
20 years$67,634$54,694$43,887$34,974$27,706$15,548
21 years$63,736$50,945$40,367$31,741$24,794$13,426
22 years$60,197$47,556$37,205$28,860$22,224$11,608
23 years$56,971$44,478$34,352$26,283$19,950$10,046
24 years$54,018$41,673$31,770$23,972$17,931$8,702
25 years$51,305$39,108$29,425$21,892$16,135$7,544
26 years$48,805$36,755$27,290$20,017$14,534$6,543
27 years$46,495$34,591$25,342$18,322$13,104$5,679
28 years$44,353$32,595$23,558$16,787$11,824$4,931
29 years$42,362$30,749$21,923$15,394$10,676$4,284
30 years$40,508$29,040$20,420$14,128$9,647$3,722
31 years$38,776$27,452$19,037$12,975$8,722$3,236
32 years$37,157$25,975$17,762$11,925$7,889$2,814
33 years$35,638$24,599$16,585$10,966$7,140$2,447
34 years$34,212$23,314$15,496$10,090$6,464$2,129
35 years$32,870$22,113$14,487$9,288$5,855$1,852
36 years$31,606$20,989$13,553$8,554$5,305$1,612
37 years$30,413$19,934$12,685$7,881$4,808$1,403
38 years$29,285$18,945$11,879$7,264$4,359$1,221
39 years$28,218$18,015$11,129$6,698$3,953$1,063
40 years$27,206$17,139$10,432$6,178$3,585$925
41 years$26,247$16,315$9,781$5,700$3,253$805
42 years$25,336$15,538$9,175$5,260$2,952$701
43 years$24,469$14,805$8,610$4,856$2,679$611
44 years$23,644$14,112$8,082$4,484$2,431$532
45 years$22,858$13,457$7,589$4,141$2,207$463
46 years$22,108$12,837$7,127$3,825$2,004$403
47 years$21,393$12,251$6,696$3,534$1,820$351
48 years$20,709$11,695$6,292$3,265$1,653$306
49 years$20,055$11,168$5,914$3,018$1,501$266
50 years$19,429$10,668$5,560$2,789$1,363$232

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $19,900,000, adding $4,942 every year, while hoping to spend $41,609 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: 64/31/5 Blend
64$19,900,000$19,900,000$19,900,000$19,900,000
65$21,934,898$20,880,198$20,571,748$23,322,902
66$24,127,986$21,859,056$21,216,630$25,225,338
67$26,543,374$22,884,483$21,881,720$27,296,805
68$29,203,693$23,958,718$22,567,653$29,557,969
69$32,133,882$25,084,107$23,275,081$32,027,216
70$35,361,418$26,263,109$24,004,677$34,724,760
71$38,916,585$27,498,304$24,757,136$37,672,834
72$42,832,751$28,792,394$25,533,174$40,895,888
73$47,146,685$30,148,216$26,333,529$44,420,816
74$51,898,909$31,568,739$27,158,964$48,277,201
75$57,134,071$33,057,082$28,010,263$52,497,588
76$62,901,377$34,616,509$28,888,238$57,117,784
77$69,255,046$36,250,447$29,793,722$62,177,188
78$76,254,828$37,962,486$30,727,579$67,719,150
79$83,966,564$39,756,392$31,690,697$73,791,379
80$92,462,811$41,636,112$32,683,992$80,446,378
81$101,823,522$43,605,785$33,708,410$87,741,932
82$112,136,804$45,669,752$34,764,925$95,741,643
83$123,499,751$47,832,563$35,854,543$104,515,521
84$136,019,356$50,098,989$36,978,300$114,140,631
85$149,813,523$52,474,032$38,137,266$124,701,811
86$165,012,182$54,962,939$39,332,544$136,292,461
87$181,758,510$57,571,208$40,565,270$149,015,409
88$200,210,289$60,304,609$41,836,618$162,983,871
89$220,541,391$63,169,187$43,147,796$178,322,504
90$242,943,419$66,171,283$44,500,054$195,168,570
91$267,627,518$69,317,546$45,894,676$213,673,213
92$294,826,367$72,614,949$47,332,990$234,002,873
93$324,796,376$76,070,800$48,816,364$256,340,839
94$357,820,103$79,692,766$50,346,210$280,888,960
95$394,208,927$83,488,886$51,923,982$307,869,534
96$434,305,984$87,467,587$53,551,181$337,527,387
97$478,489,404$91,637,709$55,229,355$370,132,162
98$527,175,886$96,008,519$56,960,101$405,980,843
99$580,824,626$100,589,736$58,745,064$445,400,540
100$639,941,657$105,391,552$60,585,943$488,751,549