Can I retire at age 67 with 19,200,000?

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 $19,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,524,584
2 years$784,910$770,292$756,124$742,388$729,064$722,551
3 years$518,075$503,394$489,263$475,655$462,548$456,175
4 years$384,684$370,048$356,058$342,683$329,893$323,709
5 years$304,671$290,122$276,316$263,213$250,780$244,803
6 years$251,346$236,907$223,304$210,494$198,433$192,672
7 years$213,271$198,954$185,567$173,059$161,380$155,836
8 years$184,728$170,540$157,375$145,175$133,880$128,555
9 years$162,540$148,486$135,547$123,656$112,746$107,638
10 years$144,800$130,883$118,173$106,593$96,065$91,172
11 years$130,295$116,517$104,038$92,768$82,619$77,938
12 years$118,216$104,580$92,331$81,370$71,596$67,123
13 years$108,003$94,510$82,492$71,837$62,433$58,164
14 years$99,257$85,907$74,119$63,769$54,729$50,659
15 years$91,683$78,477$66,919$56,871$48,187$44,312
16 years$85,063$72,001$60,672$50,922$42,588$38,902
17 years$79,228$66,311$55,209$45,753$37,762$34,260
18 years$74,047$61,274$50,399$41,233$33,576$30,252
19 years$69,417$56,788$46,138$37,257$29,927$26,776
20 years$65,255$52,770$42,343$33,743$26,731$23,746
21 years$61,494$49,153$38,947$30,624$23,921$21,097
22 years$58,080$45,883$35,896$27,845$21,442$18,772
23 years$54,967$42,913$33,144$25,359$19,248$16,726
24 years$52,118$40,207$30,652$23,128$17,300$14,921
25 years$49,501$37,732$28,390$21,122$15,568$13,325
26 years$47,089$35,462$26,330$19,313$14,023$11,911
27 years$44,859$33,374$24,450$17,678$12,643$10,656
28 years$42,793$31,448$22,730$16,197$11,408$9,540
29 years$40,872$29,668$21,152$14,853$10,301$8,546
30 years$39,083$28,018$19,702$13,631$9,308$7,660
31 years$37,412$26,486$18,368$12,519$8,415$6,870
32 years$35,850$25,062$17,137$11,505$7,612$6,164
33 years$34,384$23,734$16,001$10,580$6,889$5,533
34 years$33,008$22,494$14,951$9,735$6,237$4,969
35 years$31,714$21,335$13,978$8,961$5,649$4,463
36 years$30,494$20,250$13,076$8,253$5,118$4,010
37 years$29,343$19,233$12,239$7,604$4,639$3,604
38 years$28,255$18,278$11,461$7,009$4,206$3,240
39 years$27,225$17,381$10,738$6,463$3,814$2,914
40 years$26,249$16,537$10,065$5,961$3,459$2,620
41 years$25,324$15,741$9,437$5,500$3,138$2,357
42 years$24,444$14,991$8,853$5,075$2,848$2,120
43 years$23,608$14,284$8,307$4,685$2,584$1,908
44 years$22,812$13,615$7,798$4,326$2,346$1,717
45 years$22,054$12,984$7,322$3,995$2,130$1,545
46 years$21,331$12,386$6,877$3,690$1,934$1,391
47 years$20,640$11,820$6,460$3,410$1,756$1,252
48 years$19,980$11,284$6,071$3,151$1,595$1,127
49 years$19,350$10,775$5,706$2,912$1,448$1,015
50 years$18,746$10,293$5,365$2,691$1,315$914

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $19,200,000, adding $6,941 every year, while hoping to spend $59,524 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: 43/35/22 Blend
66$19,200,000$19,200,000$19,200,000$19,200,000
67$21,165,560$20,147,960$19,850,360$21,939,722
68$23,261,114$21,071,877$20,452,014$23,413,556
69$25,568,419$22,039,070$21,071,828$25,003,065
70$28,109,012$23,051,599$21,710,348$26,724,021
71$30,906,623$24,111,619$22,368,136$28,588,589
72$33,987,400$25,221,390$23,045,771$30,610,122
73$37,380,158$26,383,282$23,743,848$32,803,280
74$41,116,648$27,599,776$24,462,980$35,184,157
75$45,231,857$28,873,476$25,203,801$37,770,434
76$49,764,339$30,207,108$25,966,960$40,581,528
77$54,756,577$31,603,532$26,753,129$43,638,772
78$60,255,385$33,065,743$27,562,997$46,965,608
79$66,312,352$34,596,882$28,397,275$50,587,796
80$72,984,324$36,200,241$29,256,695$54,533,648
81$80,333,942$37,879,269$30,142,011$58,834,286
82$88,430,235$39,637,585$31,054,000$63,523,924
83$97,349,271$41,478,978$31,993,460$68,640,181
84$107,174,871$43,407,423$32,961,216$74,224,425
85$117,999,406$45,427,085$33,958,115$80,322,147
86$129,924,663$47,542,330$34,985,030$86,983,382
87$143,062,811$49,757,736$36,042,860$94,263,168
88$157,537,453$52,078,100$37,132,531$102,222,048
89$173,484,798$54,508,453$38,254,996$110,926,630
90$191,054,947$57,054,066$39,411,238$120,450,199
91$210,413,304$59,720,468$40,602,267$130,873,393
92$231,742,142$62,513,452$41,829,124$142,284,949
93$255,242,322$65,439,092$43,092,881$154,782,521
94$281,135,188$68,503,757$44,394,642$168,473,584
95$309,664,659$71,714,123$45,735,544$183,476,431
96$341,099,526$75,077,187$47,116,757$199,921,268
97$375,735,996$78,600,287$48,539,486$217,951,423
98$413,900,482$82,291,115$50,004,973$237,724,677
99$455,952,686$86,157,735$51,514,495$259,414,730
100$502,288,998$90,208,602$53,069,368$283,212,819