Can I retire at age 67 with 19,900,000?

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,561,851
2 years$813,526$798,375$783,691$769,454$755,645$730,520
3 years$536,964$521,747$507,100$492,997$479,412$454,947
4 years$398,709$383,539$369,039$355,176$341,921$318,303
5 years$315,778$300,700$286,390$272,810$259,923$237,221
6 years$260,509$245,544$231,445$218,168$205,668$183,909
7 years$221,047$206,207$192,332$179,368$167,263$146,453
8 years$191,463$176,758$163,113$150,467$138,761$118,897
9 years$168,466$153,899$140,489$128,165$116,857$97,928
10 years$150,079$135,655$122,482$110,479$99,568$81,559
11 years$135,045$120,765$107,831$96,150$85,632$68,524
12 years$122,526$108,393$95,697$84,337$74,207$57,979
13 years$111,940$97,955$85,499$74,457$64,710$49,339
14 years$102,875$89,039$76,821$66,094$56,724$42,185
15 years$95,026$81,338$69,359$58,944$49,944$36,210
16 years$88,165$74,626$62,885$52,778$44,141$31,184
17 years$82,117$68,728$57,222$47,421$39,138$26,930
18 years$76,747$63,508$52,237$42,736$34,800$23,311
19 years$71,948$58,858$47,820$38,615$31,018$20,219
20 years$67,634$54,694$43,887$34,974$27,706$17,567
21 years$63,736$50,945$40,367$31,741$24,794$15,286
22 years$60,197$47,556$37,205$28,860$22,224$13,318
23 years$56,971$44,478$34,352$26,283$19,950$11,616
24 years$54,018$41,673$31,770$23,972$17,931$10,141
25 years$51,305$39,108$29,425$21,892$16,135$8,861
26 years$48,805$36,755$27,290$20,017$14,534$7,747
27 years$46,495$34,591$25,342$18,322$13,104$6,778
28 years$44,353$32,595$23,558$16,787$11,824$5,934
29 years$42,362$30,749$21,923$15,394$10,676$5,197
30 years$40,508$29,040$20,420$14,128$9,647$4,553
31 years$38,776$27,452$19,037$12,975$8,722$3,991
32 years$37,157$25,975$17,762$11,925$7,889$3,499
33 years$35,638$24,599$16,585$10,966$7,140$3,069
34 years$34,212$23,314$15,496$10,090$6,464$2,692
35 years$32,870$22,113$14,487$9,288$5,855$2,362
36 years$31,606$20,989$13,553$8,554$5,305$2,073
37 years$30,413$19,934$12,685$7,881$4,808$1,819
38 years$29,285$18,945$11,879$7,264$4,359$1,597
39 years$28,218$18,015$11,129$6,698$3,953$1,402
40 years$27,206$17,139$10,432$6,178$3,585$1,231
41 years$26,247$16,315$9,781$5,700$3,253$1,081
42 years$25,336$15,538$9,175$5,260$2,952$949
43 years$24,469$14,805$8,610$4,856$2,679$834
44 years$23,644$14,112$8,082$4,484$2,431$732
45 years$22,858$13,457$7,589$4,141$2,207$643
46 years$22,108$12,837$7,127$3,825$2,004$565
47 years$21,393$12,251$6,696$3,534$1,820$496
48 years$20,709$11,695$6,292$3,265$1,653$436
49 years$20,055$11,168$5,914$3,018$1,501$383
50 years$19,429$10,668$5,560$2,789$1,363$337

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $19,900,000, adding $4,889 every year, while hoping to spend $30,116 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: 40/50/10 Blend
66$19,900,000$19,900,000$19,900,000$19,900,000
67$21,934,843$20,880,143$20,571,693$22,746,252
68$24,140,154$21,871,227$21,228,802$24,308,635
69$26,569,397$22,909,864$21,906,914$25,994,363
70$29,245,382$23,998,354$22,606,702$27,817,244
71$32,193,243$25,139,106$23,328,859$29,789,694
72$35,440,678$26,334,646$24,074,100$31,925,322
73$39,018,209$27,587,626$24,843,164$34,239,046
74$42,959,470$28,900,823$25,636,813$36,747,230
75$47,301,523$30,277,151$26,455,834$39,467,821
76$52,085,212$31,719,664$27,301,038$42,420,507
77$57,355,543$33,231,568$28,173,262$45,626,895
78$63,162,114$34,816,220$29,073,372$49,110,700
79$69,559,579$36,477,144$30,002,259$52,897,952
80$76,608,165$38,218,033$30,960,844$57,017,232
81$84,374,243$40,042,761$31,950,077$61,499,927
82$92,930,950$41,955,391$32,970,939$66,380,507
83$102,358,883$43,960,181$34,024,441$71,696,839
84$112,746,857$46,061,599$35,111,629$77,490,523
85$124,192,748$48,264,328$36,233,579$83,807,270
86$136,804,409$50,573,281$37,391,405$90,697,315
87$150,700,695$52,993,608$38,586,254$98,215,869
88$166,012,584$55,530,712$39,819,310$106,423,621
89$182,884,407$58,190,258$41,091,798$115,387,293
90$201,475,221$60,978,185$42,404,977$125,180,242
91$221,960,302$63,900,723$43,760,152$135,883,131
92$244,532,800$66,964,406$45,158,664$147,584,668
93$269,405,568$70,176,085$46,601,902$160,382,414
94$296,813,167$73,542,944$48,091,297$174,383,681
95$327,014,081$77,072,519$49,628,326$189,706,513
96$360,293,156$80,772,711$51,214,514$206,480,772
97$396,964,291$84,651,807$52,851,433$224,849,335
98$437,373,401$88,718,498$54,540,708$244,969,407
99$481,901,680$92,981,897$56,284,014$267,013,972
100$530,969,204$97,451,562$58,083,082$291,173,391