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%11%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,580,167
2 years$813,526$798,375$783,691$769,454$755,645$748,895
3 years$536,964$521,747$507,100$492,997$479,412$472,807
4 years$398,709$383,539$369,039$355,176$341,921$335,511
5 years$315,778$300,700$286,390$272,810$259,923$253,728
6 years$260,509$245,544$231,445$218,168$205,668$199,696
7 years$221,047$206,207$192,332$179,368$167,263$161,517
8 years$191,463$176,758$163,113$150,467$138,761$133,241
9 years$168,466$153,899$140,489$128,165$116,857$111,562
10 years$150,079$135,655$122,482$110,479$99,568$94,496
11 years$135,045$120,765$107,831$96,150$85,632$80,780
12 years$122,526$108,393$95,697$84,337$74,207$69,570
13 years$111,940$97,955$85,499$74,457$64,710$60,285
14 years$102,875$89,039$76,821$66,094$56,724$52,506
15 years$95,026$81,338$69,359$58,944$49,944$45,928
16 years$88,165$74,626$62,885$52,778$44,141$40,321
17 years$82,117$68,728$57,222$47,421$39,138$35,509
18 years$76,747$63,508$52,237$42,736$34,800$31,355
19 years$71,948$58,858$47,820$38,615$31,018$27,752
20 years$67,634$54,694$43,887$34,974$27,706$24,612
21 years$63,736$50,945$40,367$31,741$24,794$21,866
22 years$60,197$47,556$37,205$28,860$22,224$19,457
23 years$56,971$44,478$34,352$26,283$19,950$17,336
24 years$54,018$41,673$31,770$23,972$17,931$15,465
25 years$51,305$39,108$29,425$21,892$16,135$13,811
26 years$48,805$36,755$27,290$20,017$14,534$12,345
27 years$46,495$34,591$25,342$18,322$13,104$11,044
28 years$44,353$32,595$23,558$16,787$11,824$9,887
29 years$42,362$30,749$21,923$15,394$10,676$8,858
30 years$40,508$29,040$20,420$14,128$9,647$7,940
31 years$38,776$27,452$19,037$12,975$8,722$7,121
32 years$37,157$25,975$17,762$11,925$7,889$6,389
33 years$35,638$24,599$16,585$10,966$7,140$5,735
34 years$34,212$23,314$15,496$10,090$6,464$5,150
35 years$32,870$22,113$14,487$9,288$5,855$4,626
36 years$31,606$20,989$13,553$8,554$5,305$4,157
37 years$30,413$19,934$12,685$7,881$4,808$3,736
38 years$29,285$18,945$11,879$7,264$4,359$3,358
39 years$28,218$18,015$11,129$6,698$3,953$3,020
40 years$27,206$17,139$10,432$6,178$3,585$2,716
41 years$26,247$16,315$9,781$5,700$3,253$2,443
42 years$25,336$15,538$9,175$5,260$2,952$2,198
43 years$24,469$14,805$8,610$4,856$2,679$1,978
44 years$23,644$14,112$8,082$4,484$2,431$1,780
45 years$22,858$13,457$7,589$4,141$2,207$1,602
46 years$22,108$12,837$7,127$3,825$2,004$1,442
47 years$21,393$12,251$6,696$3,534$1,820$1,298
48 years$20,709$11,695$6,292$3,265$1,653$1,168
49 years$20,055$11,168$5,914$3,018$1,501$1,052
50 years$19,429$10,668$5,560$2,789$1,363$947

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 $2,619 every year, while hoping to spend $48,231 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: 67/13/20 Blend
66$19,900,000$19,900,000$19,900,000$19,900,000
67$21,932,501$20,877,801$20,569,351$23,292,214
68$24,118,299$21,849,496$21,207,107$25,174,808
69$26,525,432$22,867,188$21,864,612$27,226,910
70$29,176,425$23,933,079$22,542,475$29,469,850
71$32,096,099$25,049,478$23,241,326$31,922,398
72$35,311,805$26,218,807$23,961,815$34,605,214
73$38,853,684$27,443,603$24,704,611$37,541,035
74$42,754,947$28,726,527$25,470,402$40,754,888
75$47,052,191$30,070,367$26,259,901$44,274,323
76$51,785,746$31,478,046$27,073,839$48,129,666
77$57,000,052$32,952,630$27,912,972$52,354,303
78$62,744,080$34,497,332$28,778,079$56,984,991
79$69,071,794$36,115,519$29,669,963$62,062,200
80$76,042,662$37,810,724$30,589,452$67,630,489
81$83,722,213$39,586,649$31,537,398$73,738,923
82$92,182,659$41,447,175$32,514,681$80,441,530
83$101,503,575$43,396,372$33,522,207$87,797,805
84$111,772,650$45,438,504$34,560,912$95,873,270
85$123,086,516$47,578,047$35,631,758$104,740,079
86$135,551,658$49,819,688$36,735,739$114,477,700
87$149,285,419$52,168,344$37,873,878$125,173,655
88$164,417,109$54,629,171$39,047,231$136,924,339
89$181,089,226$57,207,572$40,256,885$149,835,927
90$199,458,799$59,909,215$41,503,962$164,025,364
91$219,698,870$62,740,040$42,789,618$179,621,463
92$242,000,129$65,706,276$44,115,045$196,766,114
93$266,572,714$68,814,456$45,481,471$215,615,616
94$293,648,192$72,071,426$46,890,161$236,342,140
95$323,481,749$75,484,367$48,342,423$259,135,348
96$356,354,594$79,060,807$49,839,601$284,204,175
97$392,576,617$82,808,641$51,383,082$311,778,786
98$432,489,313$86,736,145$52,974,296$342,112,747
99$476,469,004$90,851,998$54,614,716$375,485,400
100$524,930,397$95,165,300$56,305,864$412,204,494