Can I retire at age 67 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,511,564
2 years$805,350$790,351$775,815$761,721$748,050$688,953
3 years$531,567$516,503$502,004$488,042$474,594$417,601
4 years$394,702$379,685$365,330$351,607$338,484$284,030
5 years$312,605$297,677$283,511$270,068$257,310$205,535
6 years$257,891$243,076$229,119$215,975$203,601$154,541
7 years$218,825$204,135$190,399$177,565$165,582$119,222
8 years$189,539$174,981$161,474$148,955$137,366$93,664
9 years$166,773$152,353$139,077$126,877$115,682$74,575
10 years$148,571$134,291$121,251$109,369$98,567$59,980
11 years$133,688$119,552$106,747$95,184$84,771$48,619
12 years$121,294$107,303$94,735$83,489$73,461$39,651
13 years$110,815$96,971$84,640$73,708$64,059$32,495
14 years$101,841$88,144$76,049$65,430$56,154$26,734
15 years$94,071$80,521$68,662$58,352$49,442$22,063
16 years$87,278$73,876$62,253$52,248$43,697$18,255
17 years$81,291$68,037$56,647$46,944$38,745$15,136
18 years$75,975$62,870$51,712$42,306$34,450$12,571
19 years$71,225$58,267$47,339$38,227$30,706$10,456
20 years$66,954$54,144$43,446$34,622$27,427$8,707
21 years$63,095$50,433$39,962$31,422$24,544$7,257
22 years$59,592$47,078$36,831$28,570$22,001$6,054
23 years$56,398$44,031$34,007$26,019$19,749$5,053
24 years$53,475$41,254$31,451$23,731$17,751$4,220
25 years$50,790$38,715$29,130$21,672$15,973$3,526
26 years$48,315$36,386$27,016$19,816$14,388$2,948
27 years$46,027$34,243$25,087$18,138$12,972$2,465
28 years$43,907$32,267$23,322$16,618$11,705$2,061
29 years$41,936$30,440$21,703$15,239$10,569$1,724
30 years$40,101$28,748$20,215$13,986$9,550$1,443
31 years$38,387$27,176$18,846$12,845$8,634$1,207
32 years$36,783$25,714$17,584$11,805$7,810$1,011
33 years$35,280$24,352$16,418$10,856$7,068$846
34 years$33,868$23,080$15,340$9,988$6,399$708
35 years$32,540$21,891$14,342$9,195$5,796$593
36 years$31,288$20,778$13,416$8,468$5,252$496
37 years$30,107$19,734$12,558$7,802$4,760$416
38 years$28,991$18,754$11,760$7,191$4,315$348
39 years$27,934$17,834$11,017$6,631$3,913$291
40 years$26,933$16,967$10,327$6,116$3,549$244
41 years$25,983$16,151$9,683$5,643$3,220$204
42 years$25,081$15,382$9,083$5,208$2,922$171
43 years$24,223$14,656$8,523$4,807$2,652$143
44 years$23,406$13,970$8,001$4,439$2,407$120
45 years$22,628$13,322$7,512$4,099$2,185$101
46 years$21,886$12,708$7,056$3,787$1,984$84
47 years$21,178$12,128$6,629$3,498$1,802$70
48 years$20,501$11,577$6,229$3,233$1,636$59
49 years$19,854$11,056$5,855$2,987$1,486$49
50 years$19,234$10,561$5,505$2,761$1,350$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $19,700,000, adding $5,112 every year, while hoping to spend $27,287 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: 81/14/5 Blend
66$19,700,000$19,700,000$19,700,000$19,700,000
67$21,714,673$20,670,573$20,365,223$23,470,524
68$23,900,537$21,654,398$21,018,425$25,603,035
69$26,308,444$22,685,516$21,692,594$27,938,732
70$28,961,014$23,766,215$22,388,405$30,501,223
71$31,883,173$24,898,895$23,106,553$33,313,145
72$35,102,389$26,086,073$23,847,754$36,399,424
73$38,648,929$27,330,388$24,612,751$39,787,502
74$42,556,149$28,634,606$25,402,307$43,507,600
75$46,860,803$30,001,629$26,217,212$47,592,992
76$51,603,396$31,434,499$27,058,279$52,080,323
77$56,828,562$32,936,409$27,926,350$57,009,945
78$62,585,485$34,510,703$28,822,293$62,426,298
79$68,928,367$36,160,890$29,747,003$68,378,326
80$75,916,937$37,890,650$30,701,404$74,919,932
81$83,617,014$39,703,841$31,686,450$82,110,483
82$92,101,131$41,604,511$32,703,127$90,015,369
83$101,449,215$43,596,901$33,752,451$98,706,611
84$111,749,348$45,685,462$34,835,471$108,263,539
85$123,098,592$47,874,860$35,953,270$118,773,536
86$135,603,909$50,169,989$37,106,966$130,332,854
87$149,383,171$52,575,981$38,297,712$143,047,520
88$164,566,269$55,098,219$39,526,699$157,034,330
89$181,296,342$57,742,345$40,795,158$172,421,947
90$199,731,128$60,514,280$42,104,355$189,352,105
91$220,044,453$63,420,230$43,455,601$207,980,944
92$242,427,872$66,466,705$44,850,248$228,480,475
93$267,092,473$69,660,532$46,289,690$251,040,195
94$294,270,878$73,008,871$47,775,367$275,868,874
95$324,219,432$76,519,230$49,308,766$303,196,509
96$357,220,626$80,199,484$50,891,422$333,276,493
97$393,585,762$84,057,891$52,524,917$366,387,996
98$433,657,894$88,103,112$54,210,886$402,838,591
99$477,815,065$92,344,230$55,951,016$442,967,147
100$526,473,875$96,790,771$57,747,048$487,147,021