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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.7%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,553,208
2 years$805,350$790,351$775,815$761,721$748,050$730,234
3 years$531,567$516,503$502,004$488,042$474,594$457,212
4 years$394,702$379,685$365,330$351,607$338,484$321,671
5 years$312,605$297,677$283,511$270,068$257,310$241,114
6 years$257,891$243,076$229,119$215,975$203,601$188,042
7 years$218,825$204,135$190,399$177,565$165,582$150,667
8 years$189,539$174,981$161,474$148,955$137,366$123,093
9 years$166,773$152,353$139,077$126,877$115,682$102,046
10 years$148,571$134,291$121,251$109,369$98,567$85,559
11 years$133,688$119,552$106,747$95,184$84,771$72,380
12 years$121,294$107,303$94,735$83,489$73,461$61,673
13 years$110,815$96,971$84,640$73,708$64,059$52,861
14 years$101,841$88,144$76,049$65,430$56,154$45,529
15 years$94,071$80,521$68,662$58,352$49,442$39,374
16 years$87,278$73,876$62,253$52,248$43,697$34,169
17 years$81,291$68,037$56,647$46,944$38,745$29,738
18 years$75,975$62,870$51,712$42,306$34,450$25,946
19 years$71,225$58,267$47,339$38,227$30,706$22,686
20 years$66,954$54,144$43,446$34,622$27,427$19,872
21 years$63,095$50,433$39,962$31,422$24,544$17,435
22 years$59,592$47,078$36,831$28,570$22,001$15,317
23 years$56,398$44,031$34,007$26,019$19,749$13,473
24 years$53,475$41,254$31,451$23,731$17,751$11,864
25 years$50,790$38,715$29,130$21,672$15,973$10,456
26 years$48,315$36,386$27,016$19,816$14,388$9,223
27 years$46,027$34,243$25,087$18,138$12,972$8,140
28 years$43,907$32,267$23,322$16,618$11,705$7,190
29 years$41,936$30,440$21,703$15,239$10,569$6,353
30 years$40,101$28,748$20,215$13,986$9,550$5,617
31 years$38,387$27,176$18,846$12,845$8,634$4,968
32 years$36,783$25,714$17,584$11,805$7,810$4,396
33 years$35,280$24,352$16,418$10,856$7,068$3,891
34 years$33,868$23,080$15,340$9,988$6,399$3,445
35 years$32,540$21,891$14,342$9,195$5,796$3,050
36 years$31,288$20,778$13,416$8,468$5,252$2,702
37 years$30,107$19,734$12,558$7,802$4,760$2,394
38 years$28,991$18,754$11,760$7,191$4,315$2,121
39 years$27,934$17,834$11,017$6,631$3,913$1,880
40 years$26,933$16,967$10,327$6,116$3,549$1,666
41 years$25,983$16,151$9,683$5,643$3,220$1,477
42 years$25,081$15,382$9,083$5,208$2,922$1,309
43 years$24,223$14,656$8,523$4,807$2,652$1,161
44 years$23,406$13,970$8,001$4,439$2,407$1,030
45 years$22,628$13,322$7,512$4,099$2,185$913
46 years$21,886$12,708$7,056$3,787$1,984$810
47 years$21,178$12,128$6,629$3,498$1,802$718
48 years$20,501$11,577$6,229$3,233$1,636$637
49 years$19,854$11,056$5,855$2,987$1,486$565
50 years$19,234$10,561$5,505$2,761$1,350$501

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 $5,085 every year, while hoping to spend $53,595 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: 51/25/24 Blend
66$19,700,000$19,700,000$19,700,000$19,700,000
67$21,714,645$20,670,545$20,365,195$22,675,919
68$23,872,514$21,626,377$20,990,405$24,298,931
69$26,248,690$22,627,249$21,634,762$26,056,824
70$28,865,382$23,675,310$22,298,853$27,967,167
71$31,747,066$24,772,815$22,983,279$30,044,455
72$34,920,711$25,922,127$23,688,663$32,304,620
73$38,416,033$27,125,721$24,415,643$34,765,171
74$42,265,781$28,386,194$25,164,880$37,445,357
75$46,506,039$29,706,266$25,937,052$40,366,342
76$51,176,572$31,088,790$26,732,860$43,551,396
77$56,321,198$32,536,756$27,553,026$47,026,107
78$61,988,200$34,053,297$28,398,292$50,818,621
79$68,230,787$35,641,699$29,269,426$54,959,891
80$75,107,592$37,305,407$30,167,216$59,483,970
81$82,683,224$39,048,030$31,092,475$64,428,320
82$91,028,883$40,873,353$32,046,043$69,834,155
83$100,223,026$42,785,344$33,028,782$75,746,826
84$110,352,111$44,788,162$34,041,583$82,216,236
85$121,511,412$46,886,168$35,085,362$89,297,301
86$133,805,919$49,083,933$36,161,065$97,050,461
87$147,351,326$51,386,249$37,269,664$105,542,237
88$162,275,127$53,798,141$38,412,163$114,845,849
89$178,717,815$56,324,875$39,589,596$125,041,897
90$196,834,212$58,971,974$40,803,027$136,219,105
91$216,794,928$61,745,227$42,053,555$148,475,150
92$238,787,971$64,650,704$43,342,309$161,917,569
93$263,020,523$67,694,768$44,670,456$176,664,761
94$289,720,896$70,884,090$46,039,195$192,847,088
95$319,140,683$74,225,666$47,449,764$210,608,093
96$351,557,138$77,726,830$48,903,437$230,105,839
97$387,275,791$81,395,269$50,401,527$251,514,380
98$426,633,331$85,239,047$51,945,388$275,025,394
99$470,000,786$89,266,615$53,536,413$300,849,968
100$517,787,023$93,486,836$55,176,040$329,220,575