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%13.2%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,565,727
2 years$813,526$798,375$783,691$769,454$755,645$734,393
3 years$536,964$521,747$507,100$492,997$479,412$458,697
4 years$398,709$383,539$369,039$355,176$341,921$321,901
5 years$315,778$300,700$286,390$272,810$259,923$240,657
6 years$260,509$245,544$231,445$218,168$205,668$187,180
7 years$221,047$206,207$192,332$179,368$167,263$149,558
8 years$191,463$176,758$163,113$150,467$138,761$121,838
9 years$168,466$153,899$140,489$128,165$116,857$100,708
10 years$150,079$135,655$122,482$110,479$99,568$84,181
11 years$135,045$120,765$107,831$96,150$85,632$70,993
12 years$122,526$108,393$95,697$84,337$74,207$60,300
13 years$111,940$97,955$85,499$74,457$64,710$51,516
14 years$102,875$89,039$76,821$66,094$56,724$44,223
15 years$95,026$81,338$69,359$58,944$49,944$38,115
16 years$88,165$74,626$62,885$52,778$44,141$32,962
17 years$82,117$68,728$57,222$47,421$39,138$28,587
18 years$76,747$63,508$52,237$42,736$34,800$24,852
19 years$71,948$58,858$47,820$38,615$31,018$21,651
20 years$67,634$54,694$43,887$34,974$27,706$18,895
21 years$63,736$50,945$40,367$31,741$24,794$16,516
22 years$60,197$47,556$37,205$28,860$22,224$14,455
23 years$56,971$44,478$34,352$26,283$19,950$12,666
24 years$54,018$41,673$31,770$23,972$17,931$11,110
25 years$51,305$39,108$29,425$21,892$16,135$9,753
26 years$48,805$36,755$27,290$20,017$14,534$8,569
27 years$46,495$34,591$25,342$18,322$13,104$7,533
28 years$44,353$32,595$23,558$16,787$11,824$6,627
29 years$42,362$30,749$21,923$15,394$10,676$5,832
30 years$40,508$29,040$20,420$14,128$9,647$5,135
31 years$38,776$27,452$19,037$12,975$8,722$4,523
32 years$37,157$25,975$17,762$11,925$7,889$3,986
33 years$35,638$24,599$16,585$10,966$7,140$3,513
34 years$34,212$23,314$15,496$10,090$6,464$3,097
35 years$32,870$22,113$14,487$9,288$5,855$2,731
36 years$31,606$20,989$13,553$8,554$5,305$2,409
37 years$30,413$19,934$12,685$7,881$4,808$2,125
38 years$29,285$18,945$11,879$7,264$4,359$1,875
39 years$28,218$18,015$11,129$6,698$3,953$1,655
40 years$27,206$17,139$10,432$6,178$3,585$1,460
41 years$26,247$16,315$9,781$5,700$3,253$1,289
42 years$25,336$15,538$9,175$5,260$2,952$1,138
43 years$24,469$14,805$8,610$4,856$2,679$1,005
44 years$23,644$14,112$8,082$4,484$2,431$887
45 years$22,858$13,457$7,589$4,141$2,207$783
46 years$22,108$12,837$7,127$3,825$2,004$692
47 years$21,393$12,251$6,696$3,534$1,820$611
48 years$20,709$11,695$6,292$3,265$1,653$539
49 years$20,055$11,168$5,914$3,018$1,501$476
50 years$19,429$10,668$5,560$2,789$1,363$421

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 $4,455 every year, while hoping to spend $49,112 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: 80/8/12 Blend
66$19,900,000$19,900,000$19,900,000$19,900,000
67$21,934,395$20,879,695$20,571,245$23,640,421
68$24,119,449$21,850,546$21,208,127$25,732,315
69$26,525,732$22,867,322$21,864,699$28,020,597
70$29,175,758$23,932,222$22,541,567$30,530,324
71$32,094,335$25,047,550$23,239,360$33,283,637
72$35,308,801$26,215,724$23,958,722$36,304,920
73$38,849,278$27,439,274$24,700,319$39,621,025
74$42,748,963$28,720,857$25,464,838$43,261,525
75$47,044,432$30,063,254$26,252,985$47,258,988
76$51,775,994$31,469,383$27,065,490$51,649,286
77$56,988,066$32,942,304$27,903,104$56,471,925
78$62,729,593$34,485,221$28,766,603$61,770,423
79$69,054,512$36,101,497$29,656,784$67,592,711
80$76,022,256$37,794,655$30,574,471$73,991,583
81$83,698,323$39,568,389$31,520,512$81,025,197
82$92,154,885$41,426,573$32,495,782$88,757,615
83$101,471,476$43,373,268$33,501,183$97,259,405
84$111,735,737$45,412,729$34,537,644$106,608,306
85$123,044,250$47,549,420$35,606,122$116,889,956
86$135,503,442$49,788,020$36,707,606$128,198,699
87$149,230,595$52,133,435$37,843,113$140,638,468
88$164,354,951$54,590,808$39,013,692$154,323,763
89$181,018,930$57,165,532$40,220,425$169,380,731
90$199,379,477$59,863,260$41,464,426$185,948,347
91$219,609,545$62,689,920$42,746,845$204,179,725
92$241,899,719$65,651,728$44,068,865$224,243,556
93$266,460,027$68,755,199$45,431,709$246,325,696
94$293,521,912$72,007,166$46,836,633$270,630,918
95$323,340,423$75,414,792$48,284,936$297,384,833
96$356,196,618$78,985,590$49,777,954$326,836,021
97$392,400,224$82,727,434$51,317,066$359,258,367
98$432,292,550$86,648,582$52,903,691$394,953,641
99$476,249,721$90,757,693$54,539,295$434,254,340
100$524,686,217$95,063,845$56,225,387$477,526,822