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%15.3%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,560,077
2 years$817,615$802,387$787,630$773,321$759,442$724,606
3 years$539,662$524,369$509,648$495,474$481,821$447,988
4 years$400,713$385,467$370,894$356,961$343,639$311,069
5 years$317,365$302,211$287,829$274,180$261,229$230,014
6 years$261,818$246,778$232,608$219,264$206,701$176,874
7 years$222,157$207,243$193,299$180,269$168,104$139,670
8 years$192,425$177,646$163,933$151,223$139,458$112,408
9 years$169,313$154,673$141,195$128,809$117,444$91,757
10 years$150,833$136,336$123,097$111,034$100,068$75,719
11 years$135,724$121,372$108,373$96,633$86,062$63,018
12 years$123,141$108,937$96,178$84,760$74,579$52,806
13 years$112,503$98,447$85,929$74,831$65,035$44,493
14 years$103,392$89,486$77,207$66,426$57,009$37,657
15 years$95,503$81,747$69,708$59,241$50,195$31,990
16 years$88,608$75,001$63,201$53,044$44,363$27,261
17 years$82,529$69,073$57,510$47,659$39,335$23,290
18 years$77,132$63,827$52,499$42,951$34,975$19,941
19 years$72,309$59,154$48,060$38,809$31,174$17,106
20 years$67,974$54,969$44,107$35,149$27,845$14,696
21 years$64,056$51,201$40,570$31,900$24,918$12,643
22 years$60,500$47,795$37,392$29,005$22,336$10,888
23 years$57,257$44,701$34,525$26,415$20,050$9,387
24 years$54,289$41,882$31,930$24,092$18,021$8,099
25 years$51,563$39,304$29,573$22,002$16,216$6,993
26 years$49,051$36,940$27,428$20,118$14,607$6,041
27 years$46,728$34,765$25,469$18,414$13,170$5,222
28 years$44,576$32,759$23,677$16,871$11,883$4,516
29 years$42,575$30,904$22,033$15,471$10,730$3,907
30 years$40,711$29,186$20,523$14,199$9,695$3,381
31 years$38,971$27,590$19,133$13,041$8,766$2,927
32 years$37,343$26,106$17,851$11,985$7,929$2,534
33 years$35,817$24,723$16,668$11,021$7,176$2,195
34 years$34,384$23,431$15,574$10,140$6,497$1,901
35 years$33,035$22,224$14,560$9,335$5,884$1,647
36 years$31,765$21,094$13,621$8,597$5,332$1,427
37 years$30,565$20,035$12,749$7,921$4,832$1,237
38 years$29,432$19,040$11,939$7,301$4,381$1,072
39 years$28,360$18,105$11,185$6,732$3,973$929
40 years$27,343$17,226$10,484$6,209$3,603$806
41 years$26,379$16,397$9,831$5,729$3,269$698
42 years$25,463$15,616$9,221$5,287$2,966$605
43 years$24,592$14,879$8,653$4,880$2,692$525
44 years$23,763$14,183$8,122$4,506$2,444$455
45 years$22,973$13,525$7,627$4,162$2,218$395
46 years$22,219$12,902$7,163$3,844$2,014$342
47 years$21,500$12,312$6,730$3,552$1,829$297
48 years$20,813$11,754$6,324$3,282$1,661$257
49 years$20,156$11,224$5,944$3,033$1,509$223
50 years$19,527$10,722$5,588$2,803$1,370$194

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 $5,971 every year, while hoping to spend $34,509 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: 26/50/24 Blend
66$20,000,000$20,000,000$20,000,000$20,000,000
67$22,046,159$20,986,159$20,676,159$22,452,057
68$24,258,150$21,977,764$21,332,093$23,771,163
69$26,694,607$23,016,800$22,008,844$25,182,161
70$29,378,390$24,105,556$22,707,074$26,695,431
71$32,334,689$25,246,431$23,427,463$28,319,616
72$35,591,260$26,441,939$24,170,716$30,064,164
73$39,178,692$27,694,718$24,937,559$31,939,403
74$43,130,692$29,007,532$25,728,740$33,956,625
75$47,484,403$30,383,281$26,545,033$36,128,186
76$52,280,755$31,825,005$27,387,235$38,467,606
77$57,564,852$33,335,891$28,256,168$40,989,683
78$63,386,399$34,919,281$29,152,681$43,710,622
79$69,800,166$36,578,681$30,077,650$46,648,172
80$76,866,511$38,317,764$31,031,979$49,821,778
81$84,651,944$40,140,384$32,016,600$53,252,749
82$93,229,761$42,050,581$33,032,475$56,964,444
83$102,680,730$44,052,593$34,080,596$60,982,472
84$113,093,856$46,150,861$35,161,987$65,334,920
85$124,567,221$48,350,045$36,277,706$70,052,595
86$137,208,910$50,655,030$37,428,841$75,169,300
87$151,138,030$53,070,937$38,616,518$80,722,125
88$166,485,835$55,603,139$39,841,898$86,751,784
89$183,396,965$58,257,268$41,106,177$93,302,971
90$202,030,813$61,039,231$42,410,590$100,424,759
91$222,563,024$63,955,223$43,756,414$108,171,038
92$245,187,161$67,011,737$45,144,962$116,601,003
93$270,116,525$70,215,586$46,577,592$125,779,676
94$297,586,173$73,573,912$48,055,704$135,778,501
95$327,855,135$77,094,205$49,580,742$146,675,981
96$361,208,858$80,784,321$51,154,196$158,558,393
97$397,961,905$84,652,496$52,777,605$171,520,567
98$438,460,920$88,707,369$54,452,555$185,666,748
99$483,087,902$92,957,998$56,180,684$201,111,544
100$532,263,810$97,413,882$57,963,679$217,980,970