Can I retire at age 67 with 19,800,000?

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,522,254
2 years$809,438$794,363$779,753$765,588$751,848$695,411
3 years$534,265$519,125$504,552$490,519$477,003$422,529
4 years$396,706$381,612$367,185$353,392$340,203$288,107
5 years$314,192$299,188$284,950$271,439$258,617$209,036
6 years$259,200$244,310$230,282$217,072$204,634$157,606
7 years$219,936$205,171$191,366$178,467$166,423$121,936
8 years$190,501$175,869$162,293$149,711$138,064$96,080
9 years$167,619$153,126$139,783$127,521$116,270$76,734
10 years$149,325$134,973$121,866$109,924$99,067$61,912
11 years$134,366$120,159$107,289$95,667$85,201$50,348
12 years$121,910$107,848$95,216$83,913$73,834$41,199
13 years$111,378$97,463$85,069$74,082$64,384$33,879
14 years$102,358$88,591$76,435$65,762$56,439$27,970
15 years$94,548$80,930$69,011$58,648$49,693$23,166
16 years$87,721$74,251$62,569$52,513$43,919$19,238
17 years$81,704$68,383$56,935$47,183$38,942$16,009
18 years$76,361$63,189$51,974$42,521$34,625$13,347
19 years$71,586$58,563$47,580$38,421$30,862$11,143
20 years$67,294$54,419$43,666$34,798$27,567$9,314
21 years$63,416$50,689$40,165$31,581$24,669$7,794
22 years$59,895$47,317$37,018$28,715$22,112$6,527
23 years$56,685$44,254$34,179$26,151$19,849$5,469
24 years$53,746$41,463$31,610$23,851$17,841$4,586
25 years$51,047$38,911$29,277$21,782$16,054$3,847
26 years$48,560$36,570$27,153$19,917$14,461$3,229
27 years$46,261$34,417$25,214$18,230$13,038$2,711
28 years$44,130$32,431$23,440$16,703$11,764$2,277
29 years$42,149$30,595$21,813$15,317$10,623$1,912
30 years$40,304$28,894$20,318$14,057$9,598$1,607
31 years$38,582$27,314$18,942$12,910$8,678$1,350
32 years$36,970$25,845$17,673$11,865$7,850$1,135
33 years$35,459$24,475$16,501$10,911$7,104$954
34 years$34,040$23,197$15,418$10,039$6,432$802
35 years$32,705$22,002$14,415$9,241$5,826$674
36 years$31,447$20,883$13,485$8,511$5,278$567
37 years$30,260$19,834$12,621$7,842$4,784$476
38 years$29,138$18,850$11,819$7,228$4,337$401
39 years$28,076$17,924$11,073$6,664$3,933$337
40 years$27,070$17,053$10,379$6,147$3,567$283
41 years$26,115$16,233$9,732$5,671$3,236$238
42 years$25,208$15,460$9,129$5,234$2,937$200
43 years$24,346$14,730$8,567$4,832$2,665$168
44 years$23,525$14,041$8,041$4,461$2,419$142
45 years$22,743$13,389$7,550$4,120$2,196$119
46 years$21,997$12,773$7,092$3,806$1,994$100
47 years$21,285$12,189$6,662$3,516$1,811$84
48 years$20,605$11,636$6,261$3,249$1,644$71
49 years$19,954$11,112$5,885$3,003$1,493$60
50 years$19,332$10,615$5,533$2,775$1,357$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $19,800,000, adding $6,617 every year, while hoping to spend $35,416 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: 37/47/16 Blend
66$19,800,000$19,800,000$19,800,000$19,800,000
67$21,826,425$20,777,025$20,470,125$22,527,692
68$24,015,038$21,757,417$21,118,192$24,013,547
69$26,425,703$22,784,661$21,786,782$25,613,571
70$29,081,031$23,861,016$22,476,546$27,341,069
71$32,005,940$24,988,849$23,188,153$29,207,482
72$35,227,886$26,170,643$23,922,297$31,225,343
73$38,777,127$27,409,002$24,679,691$33,408,390
74$42,687,005$28,706,654$25,461,071$35,771,685
75$46,994,260$30,066,461$26,267,198$38,331,747
76$51,739,381$31,491,423$27,098,855$41,106,692
77$56,966,983$32,984,688$27,956,852$44,116,398
78$62,726,231$34,549,553$28,842,022$47,382,674
79$69,071,303$36,189,479$29,755,227$50,929,461
80$76,061,904$37,908,091$30,697,355$54,783,037
81$83,763,823$39,709,192$31,669,321$58,972,253
82$92,249,562$41,596,772$32,672,073$63,528,794
83$101,599,014$43,575,010$33,706,584$68,487,458
84$111,900,220$45,648,292$34,773,861$73,886,472
85$123,250,199$47,821,215$35,874,942$79,767,832
86$135,755,865$50,098,600$37,010,898$86,177,686
87$149,535,035$52,485,503$38,182,834$93,166,748
88$164,717,540$54,987,224$39,391,891$100,790,757
89$181,446,453$57,609,322$40,639,243$109,110,986
90$199,879,439$60,357,627$41,926,106$118,194,794
91$220,190,241$63,238,250$43,253,730$128,116,245
92$242,570,322$66,257,601$44,623,407$138,956,780
93$267,230,674$69,422,402$46,036,469$150,805,963
94$294,403,803$72,739,700$47,494,291$163,762,298
95$324,345,933$76,216,888$48,998,293$177,934,138
96$357,339,419$79,861,715$50,549,935$193,440,672
97$393,695,411$83,682,311$52,150,729$210,413,026
98$433,756,796$87,687,197$53,802,232$228,995,470
99$477,901,433$91,885,314$55,506,051$249,346,745
100$526,545,718$96,286,033$57,263,843$271,641,526