Can I retire at age 65 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,548,742
2 years$817,615$802,387$787,630$773,321$759,442$713,377
3 years$539,662$524,369$509,648$495,474$481,821$437,221
4 years$400,713$385,467$370,894$356,961$343,639$300,846
5 years$317,365$302,211$287,829$274,180$261,229$220,359
6 years$261,818$246,778$232,608$219,264$206,701$167,793
7 years$222,157$207,243$193,299$180,269$168,104$131,155
8 years$192,425$177,646$163,933$151,223$139,458$104,449
9 years$169,313$154,673$141,195$128,809$117,444$84,339
10 years$150,833$136,336$123,097$111,034$100,068$68,823
11 years$135,724$121,372$108,373$96,633$86,062$56,624
12 years$123,141$108,937$96,178$84,760$74,579$46,891
13 years$112,503$98,447$85,929$74,831$65,035$39,034
14 years$103,392$89,486$77,207$66,426$57,009$32,632
15 years$95,503$81,747$69,708$59,241$50,195$27,374
16 years$88,608$75,001$63,201$53,044$44,363$23,029
17 years$82,529$69,073$57,510$47,659$39,335$19,420
18 years$77,132$63,827$52,499$42,951$34,975$16,408
19 years$72,309$59,154$48,060$38,809$31,174$13,886
20 years$67,974$54,969$44,107$35,149$27,845$11,768
21 years$64,056$51,201$40,570$31,900$24,918$9,985
22 years$60,500$47,795$37,392$29,005$22,336$8,480
23 years$57,257$44,701$34,525$26,415$20,050$7,208
24 years$54,289$41,882$31,930$24,092$18,021$6,131
25 years$51,563$39,304$29,573$22,002$16,216$5,218
26 years$49,051$36,940$27,428$20,118$14,607$4,443
27 years$46,728$34,765$25,469$18,414$13,170$3,785
28 years$44,576$32,759$23,677$16,871$11,883$3,226
29 years$42,575$30,904$22,033$15,471$10,730$2,750
30 years$40,711$29,186$20,523$14,199$9,695$2,345
31 years$38,971$27,590$19,133$13,041$8,766$2,000
32 years$37,343$26,106$17,851$11,985$7,929$1,706
33 years$35,817$24,723$16,668$11,021$7,176$1,455
34 years$34,384$23,431$15,574$10,140$6,497$1,242
35 years$33,035$22,224$14,560$9,335$5,884$1,060
36 years$31,765$21,094$13,621$8,597$5,332$904
37 years$30,565$20,035$12,749$7,921$4,832$772
38 years$29,432$19,040$11,939$7,301$4,381$659
39 years$28,360$18,105$11,185$6,732$3,973$563
40 years$27,343$17,226$10,484$6,209$3,603$480
41 years$26,379$16,397$9,831$5,729$3,269$410
42 years$25,463$15,616$9,221$5,287$2,966$350
43 years$24,592$14,879$8,653$4,880$2,692$299
44 years$23,763$14,183$8,122$4,506$2,444$255
45 years$22,973$13,525$7,627$4,162$2,218$218
46 years$22,219$12,902$7,163$3,844$2,014$186
47 years$21,500$12,312$6,730$3,552$1,829$159
48 years$20,813$11,754$6,324$3,282$1,661$136
49 years$20,156$11,224$5,944$3,033$1,509$116
50 years$19,527$10,722$5,588$2,803$1,370$99

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $20,000,000, adding $4,247 every year, while hoping to spend $23,183 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: 74/8/18 Blend
64$20,000,000$20,000,000$20,000,000$20,000,000
65$22,044,381$20,984,381$20,674,381$23,583,442
66$24,268,241$21,987,949$21,342,306$25,607,910
67$26,718,158$23,039,915$22,031,830$27,822,388
68$29,417,165$24,142,626$22,743,651$30,248,403
69$32,390,644$25,298,543$23,478,492$32,906,993
70$35,666,566$26,510,247$24,237,097$35,821,324
71$39,275,751$27,780,445$25,020,235$39,016,900
72$43,252,166$29,111,975$25,828,702$42,521,805
73$47,633,240$30,507,815$26,663,316$46,366,965
74$52,460,218$31,971,085$27,524,924$50,586,434
75$57,778,552$33,505,059$28,414,401$55,217,715
76$63,638,328$35,113,172$29,332,647$60,302,107
77$70,094,742$36,799,022$30,280,596$65,885,098
78$77,208,618$38,566,386$31,259,208$72,016,783
79$85,046,982$40,419,223$32,269,476$78,752,338
80$93,683,695$42,361,687$33,312,425$86,152,536
81$103,200,155$44,398,132$34,389,113$94,284,316
82$113,686,055$46,533,125$35,500,634$103,221,408
83$125,240,242$48,771,457$36,648,114$113,045,032
84$137,971,639$51,118,151$37,832,718$123,844,650
85$152,000,281$53,578,475$39,055,648$135,718,815
86$167,458,443$56,157,954$40,318,146$148,776,090
87$184,491,893$58,862,383$41,621,493$163,136,068
88$203,261,265$61,697,838$42,967,012$178,930,501
89$223,943,575$64,670,694$44,356,068$196,304,531
90$246,733,896$67,787,633$45,790,073$215,418,059
91$271,847,194$71,055,668$47,270,480$236,447,244
92$299,520,360$74,482,148$48,798,794$259,586,165
93$330,014,450$78,074,786$50,376,567$285,048,641
94$363,617,142$81,841,669$52,005,399$313,070,246
95$400,645,456$85,791,276$53,686,946$343,910,523
96$441,448,749$89,932,505$55,422,915$377,855,429
97$486,412,007$94,274,684$57,215,069$415,220,026
98$535,959,485$98,827,597$59,065,227$456,351,442
99$590,558,710$103,601,507$60,975,270$501,632,149
100$650,724,894$108,607,176$62,947,137$551,483,556