Can I retire at age 67 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,517,891
2 years$788,998$774,304$760,063$746,255$732,861$711,623
3 years$520,774$506,016$491,811$478,133$464,957$444,258
4 years$386,688$371,975$357,912$344,468$331,612$311,611
5 years$306,257$291,633$277,755$264,584$252,086$232,842
6 years$252,655$238,140$224,467$211,590$199,467$181,003
7 years$214,382$199,990$186,533$173,960$162,220$144,543
8 years$185,691$171,428$158,195$145,931$134,577$117,684
9 years$163,387$149,259$136,253$124,301$113,333$97,217
10 years$145,554$131,565$118,789$107,148$96,566$81,214
11 years$130,973$117,124$104,580$93,251$83,050$68,448
12 years$118,831$105,124$92,812$81,794$71,969$58,101
13 years$108,565$95,002$82,921$72,212$62,759$49,605
14 years$99,774$86,354$74,505$64,101$55,014$42,554
15 years$92,161$78,886$67,268$57,167$48,438$36,652
16 years$85,506$72,376$60,988$51,187$42,810$31,674
17 years$79,641$66,656$55,497$45,991$37,958$27,451
18 years$74,433$61,593$50,662$41,447$33,751$23,848
19 years$69,778$57,084$46,378$37,451$30,083$20,760
20 years$65,595$53,045$42,564$33,919$26,871$18,105
21 years$61,814$49,409$39,150$30,784$24,046$15,813
22 years$58,382$46,122$36,083$27,990$21,554$13,830
23 years$55,253$43,137$33,316$25,491$19,348$12,109
24 years$52,389$40,416$30,812$23,249$17,390$10,613
25 years$49,758$37,929$28,538$21,232$15,649$9,309
26 years$47,334$35,647$26,468$19,414$14,096$8,172
27 years$45,093$33,548$24,578$17,770$12,709$7,179
28 years$43,015$31,612$22,848$16,281$11,467$6,310
29 years$41,085$29,822$21,262$14,930$10,355$5,549
30 years$39,286$28,164$19,805$13,702$9,356$4,882
31 years$37,607$26,624$18,463$12,584$8,459$4,296
32 years$36,036$25,192$17,227$11,565$7,652$3,783
33 years$34,563$23,857$16,085$10,635$6,925$3,331
34 years$33,180$22,611$15,029$9,785$6,269$2,935
35 years$31,879$21,446$14,051$9,008$5,678$2,586
36 years$30,653$20,356$13,144$8,296$5,145$2,279
37 years$29,496$19,333$12,303$7,644$4,663$2,009
38 years$28,402$18,374$11,521$7,045$4,228$1,771
39 years$27,367$17,471$10,794$6,496$3,834$1,561
40 years$26,386$16,623$10,117$5,992$3,477$1,377
41 years$25,456$15,823$9,487$5,528$3,155$1,214
42 years$24,572$15,070$8,899$5,102$2,863$1,071
43 years$23,731$14,358$8,350$4,710$2,598$945
44 years$22,931$13,686$7,838$4,349$2,358$833
45 years$22,169$13,051$7,360$4,016$2,141$735
46 years$21,442$12,450$6,912$3,710$1,944$648
47 years$20,748$11,881$6,494$3,427$1,765$572
48 years$20,085$11,342$6,103$3,167$1,603$505
49 years$19,450$10,831$5,736$2,927$1,456$445
50 years$18,844$10,347$5,393$2,705$1,322$393

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $19,300,000, adding $4,585 every year, while hoping to spend $40,813 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: 50/24/26 Blend
66$19,300,000$19,300,000$19,300,000$19,300,000
67$21,273,329$20,250,429$19,951,279$22,180,623
68$23,399,784$21,199,276$20,576,223$23,762,551
69$25,741,770$22,193,248$21,220,733$25,476,512
70$28,321,227$23,234,513$21,885,424$27,338,652
71$31,162,333$24,325,345$22,570,927$29,363,034
72$34,291,731$25,468,127$23,277,893$31,565,115
73$37,738,778$26,665,357$24,006,994$33,961,880
74$41,535,828$27,919,653$24,758,922$36,572,001
75$45,718,528$29,233,762$25,534,392$39,416,004
76$50,326,165$30,610,563$26,334,141$42,516,457
77$55,402,027$32,053,074$27,158,928$45,898,177
78$60,993,819$33,564,460$28,009,538$49,588,458
79$67,154,109$35,148,039$28,886,777$53,617,316
80$73,940,824$36,807,289$29,791,480$58,017,769
81$81,417,800$38,545,858$30,724,506$62,826,140
82$89,655,380$40,367,569$31,686,742$68,082,389
83$98,731,081$42,276,432$32,679,100$73,830,483
84$108,730,326$44,276,652$33,702,524$80,118,802
85$119,747,247$46,372,636$34,757,987$87,000,585
86$131,885,576$48,569,005$35,846,490$94,534,419
87$145,259,624$50,870,606$36,969,067$102,784,790
88$159,995,360$53,282,520$38,126,784$111,822,670
89$176,231,597$55,810,074$39,320,742$121,726,183
90$194,121,307$58,458,854$40,552,074$132,581,329
91$213,833,061$61,234,718$41,821,948$144,482,779
92$235,552,622$64,143,809$43,131,573$157,534,758
93$259,484,699$67,192,565$44,482,190$171,852,017
94$285,854,877$70,387,740$45,875,083$187,560,900
95$314,911,751$73,736,415$47,311,574$204,800,518
96$346,929,265$77,246,015$48,793,027$223,724,052
97$382,209,305$80,924,325$50,320,849$244,500,180
98$421,084,548$84,779,510$51,896,491$267,314,651
99$463,921,596$88,820,131$53,521,448$292,372,021
100$511,124,447$93,055,165$55,197,264$319,897,568