Can I retire at age 67 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,543,159
2 years$817,615$802,387$787,630$773,321$759,442$707,871
3 years$539,662$524,369$509,648$495,474$481,821$431,967
4 years$400,713$385,467$370,894$356,961$343,639$295,883
5 years$317,365$302,211$287,829$274,180$261,229$215,699
6 years$261,818$246,778$232,608$219,264$206,701$163,436
7 years$222,157$207,243$193,299$180,269$168,104$127,098
8 years$192,425$177,646$163,933$151,223$139,458$100,682
9 years$169,313$154,673$141,195$128,809$117,444$80,854
10 years$150,833$136,336$123,097$111,034$100,068$65,607
11 years$135,724$121,372$108,373$96,633$86,062$53,665
12 years$123,141$108,937$96,178$84,760$74,579$44,177
13 years$112,503$98,447$85,929$74,831$65,035$36,552
14 years$103,392$89,486$77,207$66,426$57,009$30,366
15 years$95,503$81,747$69,708$59,241$50,195$25,312
16 years$88,608$75,001$63,201$53,044$44,363$21,157
17 years$82,529$69,073$57,510$47,659$39,335$17,724
18 years$77,132$63,827$52,499$42,951$34,975$14,875
19 years$72,309$59,154$48,060$38,809$31,174$12,504
20 years$67,974$54,969$44,107$35,149$27,845$10,524
21 years$64,056$51,201$40,570$31,900$24,918$8,868
22 years$60,500$47,795$37,392$29,005$22,336$7,479
23 years$57,257$44,701$34,525$26,415$20,050$6,312
24 years$54,289$41,882$31,930$24,092$18,021$5,331
25 years$51,563$39,304$29,573$22,002$16,216$4,504
26 years$49,051$36,940$27,428$20,118$14,607$3,808
27 years$46,728$34,765$25,469$18,414$13,170$3,220
28 years$44,576$32,759$23,677$16,871$11,883$2,724
29 years$42,575$30,904$22,033$15,471$10,730$2,305
30 years$40,711$29,186$20,523$14,199$9,695$1,951
31 years$38,971$27,590$19,133$13,041$8,766$1,652
32 years$37,343$26,106$17,851$11,985$7,929$1,398
33 years$35,817$24,723$16,668$11,021$7,176$1,184
34 years$34,384$23,431$15,574$10,140$6,497$1,003
35 years$33,035$22,224$14,560$9,335$5,884$849
36 years$31,765$21,094$13,621$8,597$5,332$720
37 years$30,565$20,035$12,749$7,921$4,832$610
38 years$29,432$19,040$11,939$7,301$4,381$516
39 years$28,360$18,105$11,185$6,732$3,973$437
40 years$27,343$17,226$10,484$6,209$3,603$371
41 years$26,379$16,397$9,831$5,729$3,269$314
42 years$25,463$15,616$9,221$5,287$2,966$266
43 years$24,592$14,879$8,653$4,880$2,692$225
44 years$23,763$14,183$8,122$4,506$2,444$191
45 years$22,973$13,525$7,627$4,162$2,218$162
46 years$22,219$12,902$7,163$3,844$2,014$137
47 years$21,500$12,312$6,730$3,552$1,829$116
48 years$20,813$11,754$6,324$3,282$1,661$99
49 years$20,156$11,224$5,944$3,033$1,509$83
50 years$19,527$10,722$5,588$2,803$1,370$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $20,000,000, adding $3,483 every year, while hoping to spend $54,229 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: 23/50/27 Blend
66$20,000,000$20,000,000$20,000,000$20,000,000
67$22,043,593$20,983,593$20,673,593$22,361,721
68$24,234,340$21,954,090$21,308,459$23,606,664
69$26,646,726$22,970,323$21,962,775$24,933,809
70$29,303,300$24,034,477$22,637,137$26,353,577
71$32,228,912$25,148,841$23,332,156$27,873,639
72$35,450,940$26,315,815$24,048,463$29,502,367
73$38,999,559$27,537,912$24,786,708$31,248,911
74$42,908,014$28,817,769$25,547,563$33,123,267
75$47,212,942$30,158,151$26,331,717$35,136,363
76$51,954,714$31,561,953$27,139,882$37,300,150
77$57,177,818$33,032,211$27,972,791$39,627,700
78$62,931,276$34,572,110$28,831,200$42,133,320
79$69,269,108$36,184,985$29,715,887$44,832,669
80$76,250,842$37,874,335$30,627,655$47,742,893
81$83,942,077$39,643,826$31,567,330$50,882,773
82$92,415,097$41,497,302$32,535,764$54,272,885
83$101,749,559$43,438,792$33,533,834$57,935,776
84$112,033,243$45,472,522$34,562,446$61,896,164
85$123,362,877$47,602,918$35,622,532$66,181,147
86$135,845,054$49,834,625$36,715,050$70,820,448
87$149,597,237$52,172,509$37,840,992$75,846,666
88$164,748,867$54,621,673$39,001,376$81,295,570
89$181,442,583$57,187,467$40,197,254$87,206,415
90$199,835,571$59,875,498$41,429,707$93,622,283
91$220,101,049$62,691,647$42,699,852$100,590,474
92$242,429,897$65,642,078$44,008,838$108,162,922
93$267,032,461$68,733,255$45,357,848$116,396,662
94$294,140,540$71,971,952$46,748,104$125,354,342
95$324,009,572$75,365,275$48,180,863$135,104,781
96$356,921,046$78,920,672$49,657,420$145,723,594
97$393,185,160$82,645,951$51,179,110$157,293,872
98$433,143,745$86,549,302$52,747,309$169,906,936
99$477,173,498$90,639,308$54,363,435$183,663,159
100$525,689,532$94,924,972$56,028,947$198,672,887