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

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 $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%18.8%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,538,242
2 years$817,615$802,387$787,630$773,321$759,442$703,036
3 years$539,662$524,369$509,648$495,474$481,821$427,367
4 years$400,713$385,467$370,894$356,961$343,639$291,553
5 years$317,365$302,211$287,829$274,180$261,229$211,648
6 years$261,818$246,778$232,608$219,264$206,701$159,663
7 years$222,157$207,243$193,299$180,269$168,104$123,598
8 years$192,425$177,646$163,933$151,223$139,458$97,448
9 years$169,313$154,673$141,195$128,809$117,444$77,874
10 years$150,833$136,336$123,097$111,034$100,068$62,871
11 years$135,724$121,372$108,373$96,633$86,062$51,162
12 years$123,141$108,937$96,178$84,760$74,579$41,893
13 years$112,503$98,447$85,929$74,831$65,035$34,473
14 years$103,392$89,486$77,207$66,426$57,009$28,480
15 years$95,503$81,747$69,708$59,241$50,195$23,606
16 years$88,608$75,001$63,201$53,044$44,363$19,617
17 years$82,529$69,073$57,510$47,659$39,335$16,337
18 years$77,132$63,827$52,499$42,951$34,975$13,630
19 years$72,309$59,154$48,060$38,809$31,174$11,388
20 years$67,974$54,969$44,107$35,149$27,845$9,526
21 years$64,056$51,201$40,570$31,900$24,918$7,977
22 years$60,500$47,795$37,392$29,005$22,336$6,686
23 years$57,257$44,701$34,525$26,415$20,050$5,607
24 years$54,289$41,882$31,930$24,092$18,021$4,705
25 years$51,563$39,304$29,573$22,002$16,216$3,951
26 years$49,051$36,940$27,428$20,118$14,607$3,318
27 years$46,728$34,765$25,469$18,414$13,170$2,788
28 years$44,576$32,759$23,677$16,871$11,883$2,343
29 years$42,575$30,904$22,033$15,471$10,730$1,970
30 years$40,711$29,186$20,523$14,199$9,695$1,656
31 years$38,971$27,590$19,133$13,041$8,766$1,393
32 years$37,343$26,106$17,851$11,985$7,929$1,172
33 years$35,817$24,723$16,668$11,021$7,176$986
34 years$34,384$23,431$15,574$10,140$6,497$829
35 years$33,035$22,224$14,560$9,335$5,884$698
36 years$31,765$21,094$13,621$8,597$5,332$587
37 years$30,565$20,035$12,749$7,921$4,832$494
38 years$29,432$19,040$11,939$7,301$4,381$416
39 years$28,360$18,105$11,185$6,732$3,973$350
40 years$27,343$17,226$10,484$6,209$3,603$294
41 years$26,379$16,397$9,831$5,729$3,269$248
42 years$25,463$15,616$9,221$5,287$2,966$209
43 years$24,592$14,879$8,653$4,880$2,692$176
44 years$23,763$14,183$8,122$4,506$2,444$148
45 years$22,973$13,525$7,627$4,162$2,218$124
46 years$22,219$12,902$7,163$3,844$2,014$105
47 years$21,500$12,312$6,730$3,552$1,829$88
48 years$20,813$11,754$6,324$3,282$1,661$74
49 years$20,156$11,224$5,944$3,033$1,509$62
50 years$19,527$10,722$5,588$2,803$1,370$53

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 $2,994 every year, while hoping to spend $27,470 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: 78/17/5 Blend
64$20,000,000$20,000,000$20,000,000$20,000,000
65$22,043,088$20,983,088$20,673,088$23,757,276
66$24,262,255$21,982,032$21,336,409$25,880,097
67$26,706,857$23,029,003$22,021,030$28,203,545
68$29,399,858$24,126,326$22,727,636$30,750,626
69$32,366,566$25,276,438$23,456,934$33,543,563
70$35,634,867$26,481,895$24,209,653$36,606,820
71$39,235,493$27,745,377$24,986,546$39,967,330
72$43,202,308$29,069,695$25,788,390$43,654,743
73$47,572,629$30,457,796$26,615,986$47,701,701
74$52,387,578$31,912,769$27,470,163$52,144,146
75$57,692,473$33,437,856$28,351,775$57,021,653
76$63,537,249$35,036,456$29,261,704$62,377,797
77$69,976,938$36,712,131$30,200,860$68,260,562
78$77,072,179$38,468,619$31,170,183$74,722,789
79$84,889,800$40,309,840$32,170,642$81,822,666
80$93,503,440$42,239,902$33,203,239$89,624,277
81$102,994,249$44,263,116$34,269,006$98,198,198
82$113,451,656$46,384,002$35,369,011$107,622,158
83$124,974,205$48,607,299$36,504,354$117,981,765
84$137,670,495$50,937,977$37,676,170$129,371,311
85$151,660,198$53,381,250$38,885,634$141,894,652
86$167,075,190$55,942,584$40,133,955$155,666,181
87$184,060,800$58,627,710$41,422,383$170,811,903
88$202,777,176$61,442,643$42,752,207$187,470,615
89$223,400,800$64,393,685$44,124,759$205,795,207
90$246,126,156$67,487,450$45,541,412$225,954,099
91$271,167,560$70,730,871$47,003,586$248,132,818
92$298,761,188$74,131,220$48,512,742$272,535,746
93$329,167,304$77,696,125$50,070,394$299,388,033
94$362,672,716$81,433,582$51,678,100$328,937,715
95$399,593,487$85,351,981$53,337,470$361,458,045
96$440,277,913$89,460,119$55,050,166$397,250,061
97$485,109,816$93,767,221$56,817,902$436,645,414
98$534,512,166$98,282,963$58,642,450$480,009,489
99$588,951,071$103,017,492$60,525,636$527,744,839
100$648,940,182$107,981,451$62,469,347$580,294,973