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%11.3%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,586,107
2 years$817,615$802,387$787,630$773,321$759,442$750,642
3 years$539,662$524,369$509,648$495,474$481,821$473,215
4 years$400,713$385,467$370,894$356,961$343,639$335,292
5 years$317,365$302,211$287,829$274,180$261,229$253,167
6 years$261,818$246,778$232,608$219,264$206,701$198,934
7 years$222,157$207,243$193,299$180,269$168,104$160,635
8 years$192,425$177,646$163,933$151,223$139,458$132,289
9 years$169,313$154,673$141,195$128,809$117,444$110,572
10 years$150,833$136,336$123,097$111,034$100,068$93,490
11 years$135,724$121,372$108,373$96,633$86,062$79,774
12 years$123,141$108,937$96,178$84,760$74,579$68,576
13 years$112,503$98,447$85,929$74,831$65,035$59,309
14 years$103,392$89,486$77,207$66,426$57,009$51,556
15 years$95,503$81,747$69,708$59,241$50,195$45,007
16 years$88,608$75,001$63,201$53,044$44,363$39,432
17 years$82,529$69,073$57,510$47,659$39,335$34,655
18 years$77,132$63,827$52,499$42,951$34,975$30,537
19 years$72,309$59,154$48,060$38,809$31,174$26,970
20 years$67,974$54,969$44,107$35,149$27,845$23,867
21 years$64,056$51,201$40,570$31,900$24,918$21,158
22 years$60,500$47,795$37,392$29,005$22,336$18,785
23 years$57,257$44,701$34,525$26,415$20,050$16,700
24 years$54,289$41,882$31,930$24,092$18,021$14,864
25 years$51,563$39,304$29,573$22,002$16,216$13,243
26 years$49,051$36,940$27,428$20,118$14,607$11,810
27 years$46,728$34,765$25,469$18,414$13,170$10,540
28 years$44,576$32,759$23,677$16,871$11,883$9,414
29 years$42,575$30,904$22,033$15,471$10,730$8,413
30 years$40,711$29,186$20,523$14,199$9,695$7,523
31 years$38,971$27,590$19,133$13,041$8,766$6,731
32 years$37,343$26,106$17,851$11,985$7,929$6,025
33 years$35,817$24,723$16,668$11,021$7,176$5,394
34 years$34,384$23,431$15,574$10,140$6,497$4,832
35 years$33,035$22,224$14,560$9,335$5,884$4,330
36 years$31,765$21,094$13,621$8,597$5,332$3,880
37 years$30,565$20,035$12,749$7,921$4,832$3,479
38 years$29,432$19,040$11,939$7,301$4,381$3,120
39 years$28,360$18,105$11,185$6,732$3,973$2,798
40 years$27,343$17,226$10,484$6,209$3,603$2,510
41 years$26,379$16,397$9,831$5,729$3,269$2,252
42 years$25,463$15,616$9,221$5,287$2,966$2,021
43 years$24,592$14,879$8,653$4,880$2,692$1,813
44 years$23,763$14,183$8,122$4,506$2,444$1,628
45 years$22,973$13,525$7,627$4,162$2,218$1,461
46 years$22,219$12,902$7,163$3,844$2,014$1,312
47 years$21,500$12,312$6,730$3,552$1,829$1,178
48 years$20,813$11,754$6,324$3,282$1,661$1,057
49 years$20,156$11,224$5,944$3,033$1,509$949
50 years$19,527$10,722$5,588$2,803$1,370$853

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 $6,090 every year, while hoping to spend $50,918 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: 59/24/17 Blend
64$20,000,000$20,000,000$20,000,000$20,000,000
65$22,046,282$20,986,282$20,676,282$23,249,789
66$24,240,826$21,960,433$21,314,761$25,038,762
67$26,657,508$22,980,612$21,972,922$26,982,648
68$29,318,930$24,049,018$22,651,372$29,101,371
69$32,250,002$25,167,961$23,350,734$31,411,816
70$35,478,170$26,339,859$24,071,652$33,932,550
71$39,033,680$27,567,249$24,814,788$36,683,994
72$42,949,858$28,852,787$25,580,827$39,688,606
73$47,263,432$30,199,261$26,370,472$42,971,090
74$52,014,869$31,609,593$27,184,451$46,558,621
75$57,248,766$33,086,843$28,023,510$50,481,097
76$63,014,264$34,634,222$28,888,422$54,771,413
77$69,365,516$36,255,096$29,779,981$59,465,764
78$76,362,196$37,952,993$30,699,007$64,603,982
79$84,070,060$39,731,610$31,646,344$70,229,901
80$92,561,573$41,594,826$32,622,864$76,391,764
81$101,916,586$43,546,705$33,629,462$83,142,670
82$112,223,093$45,591,508$34,667,064$90,541,067
83$123,578,060$47,733,704$35,736,622$98,651,292
84$136,088,343$49,977,976$36,839,120$107,544,173
85$149,871,692$52,329,235$37,975,568$117,297,684
86$165,057,866$54,792,629$39,147,011$127,997,670
87$181,789,857$57,373,556$40,354,525$139,738,651
88$200,225,237$60,077,676$41,599,217$152,624,696
89$220,537,651$62,910,921$42,882,229$166,770,400
90$242,918,447$65,879,512$44,204,740$182,301,948
91$267,578,493$68,989,972$45,567,963$199,358,296
92$294,750,157$72,249,139$46,973,148$218,092,468
93$324,689,509$75,664,183$48,421,585$238,672,987
94$357,678,733$79,242,621$49,914,601$261,285,450
95$394,028,790$82,992,336$51,453,567$286,134,263
96$434,082,358$86,921,592$53,039,893$313,444,556
97$478,217,063$91,039,055$54,675,034$343,464,293
98$526,849,045$95,353,810$56,360,489$376,466,590
99$580,436,885$99,875,384$58,097,802$412,752,278
100$639,485,935$104,613,765$59,888,567$452,652,722