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

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,554,814
2 years$813,526$798,375$783,691$769,454$755,645$723,506
3 years$536,964$521,747$507,100$492,997$479,412$448,177
4 years$398,709$383,539$369,039$355,176$341,921$311,829
5 years$315,778$300,700$286,390$272,810$259,923$231,060
6 years$260,509$245,544$231,445$218,168$205,668$178,066
7 years$221,047$206,207$192,332$179,368$167,263$140,928
8 years$191,463$176,758$163,113$150,467$138,761$113,685
9 years$168,466$153,899$140,489$128,165$116,857$93,023
10 years$150,079$135,655$122,482$110,479$99,568$76,953
11 years$135,045$120,765$107,831$96,150$85,632$64,208
12 years$122,526$108,393$95,697$84,337$74,207$53,943
13 years$111,940$97,955$85,499$74,457$64,710$45,572
14 years$102,875$89,039$76,821$66,094$56,724$38,675
15 years$95,026$81,338$69,359$58,944$49,944$32,947
16 years$88,165$74,626$62,885$52,778$44,141$28,155
17 years$82,117$68,728$57,222$47,421$39,138$24,124
18 years$76,747$63,508$52,237$42,736$34,800$20,716
19 years$71,948$58,858$47,820$38,615$31,018$17,823
20 years$67,634$54,694$43,887$34,974$27,706$15,358
21 years$63,736$50,945$40,367$31,741$24,794$13,253
22 years$60,197$47,556$37,205$28,860$22,224$11,449
23 years$56,971$44,478$34,352$26,283$19,950$9,901
24 years$54,018$41,673$31,770$23,972$17,931$8,570
25 years$51,305$39,108$29,425$21,892$16,135$7,423
26 years$48,805$36,755$27,290$20,017$14,534$6,433
27 years$46,495$34,591$25,342$18,322$13,104$5,579
28 years$44,353$32,595$23,558$16,787$11,824$4,840
29 years$42,362$30,749$21,923$15,394$10,676$4,201
30 years$40,508$29,040$20,420$14,128$9,647$3,648
31 years$38,776$27,452$19,037$12,975$8,722$3,168
32 years$37,157$25,975$17,762$11,925$7,889$2,753
33 years$35,638$24,599$16,585$10,966$7,140$2,392
34 years$34,212$23,314$15,496$10,090$6,464$2,079
35 years$32,870$22,113$14,487$9,288$5,855$1,807
36 years$31,606$20,989$13,553$8,554$5,305$1,571
37 years$30,413$19,934$12,685$7,881$4,808$1,366
38 years$29,285$18,945$11,879$7,264$4,359$1,188
39 years$28,218$18,015$11,129$6,698$3,953$1,034
40 years$27,206$17,139$10,432$6,178$3,585$899
41 years$26,247$16,315$9,781$5,700$3,253$782
42 years$25,336$15,538$9,175$5,260$2,952$680
43 years$24,469$14,805$8,610$4,856$2,679$592
44 years$23,644$14,112$8,082$4,484$2,431$515
45 years$22,858$13,457$7,589$4,141$2,207$448
46 years$22,108$12,837$7,127$3,825$2,004$390
47 years$21,393$12,251$6,696$3,534$1,820$339
48 years$20,709$11,695$6,292$3,265$1,653$295
49 years$20,055$11,168$5,914$3,018$1,501$257
50 years$19,429$10,668$5,560$2,789$1,363$224

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 $5,672 every year, while hoping to spend $53,748 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: 68/26/6 Blend
66$19,900,000$19,900,000$19,900,000$19,900,000
67$21,935,651$20,880,951$20,572,501$23,407,978
68$24,115,900$21,846,930$21,204,492$25,349,723
69$26,516,732$22,858,440$21,855,854$27,465,233
70$29,160,592$23,917,657$22,527,178$29,777,111
71$32,072,209$25,026,859$23,219,074$32,304,550
72$35,278,833$26,188,434$23,932,173$35,068,659
73$38,810,494$27,404,887$24,667,120$38,092,666
74$42,700,281$28,678,843$25,424,585$41,402,123
75$46,984,656$30,013,053$26,205,255$45,025,146
76$51,703,800$31,410,401$27,009,840$48,992,677
77$56,901,987$32,873,910$27,839,069$53,338,762
78$62,628,008$34,406,750$28,693,696$58,100,876
79$68,935,626$36,012,242$29,574,497$63,320,260
80$75,884,088$37,693,870$30,482,270$69,042,311
81$83,538,680$39,455,284$31,417,841$75,316,998
82$91,971,343$41,300,311$32,382,057$82,199,329
83$101,261,358$43,232,964$33,375,793$89,749,862
84$111,496,086$45,257,449$34,399,952$98,035,265
85$122,771,796$47,378,174$35,455,460$107,128,939
86$135,194,578$49,599,763$36,543,276$117,111,703
87$148,881,335$51,927,061$37,664,386$128,072,543
88$163,960,894$54,365,150$38,819,806$140,109,447
89$180,575,218$56,919,355$40,010,583$153,330,313
90$198,880,749$59,595,262$41,237,795$167,853,961
91$219,049,879$62,398,724$42,502,555$183,811,245
92$241,272,584$65,335,879$43,806,009$201,346,267
93$265,758,214$68,413,163$45,149,336$220,617,736
94$292,737,466$71,637,322$46,533,753$241,800,442
95$322,464,567$75,015,430$47,960,513$265,086,900
96$355,219,670$78,554,904$49,430,908$290,689,150
97$391,311,502$82,263,519$50,946,268$318,840,741
98$431,080,271$86,149,428$52,507,965$349,798,922
99$474,900,888$90,221,180$54,117,411$383,847,055
100$523,186,497$94,487,735$55,776,062$421,297,268