Can I retire at age 65 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,539,359
2 years$797,174$782,328$767,939$753,988$740,456$724,745
3 years$526,170$511,260$496,907$483,087$469,776$454,440
4 years$390,695$375,830$361,621$348,037$335,048$320,205
5 years$309,431$294,655$280,633$267,326$254,698$240,392
6 years$255,273$240,608$226,793$213,783$201,534$187,782
7 years$216,603$202,062$188,466$175,763$163,901$150,710
8 years$187,615$173,205$159,834$147,443$135,972$123,340
9 years$165,080$150,806$137,665$125,589$114,508$102,431
10 years$147,062$132,928$120,020$108,259$97,566$86,038
11 years$132,330$118,338$105,663$94,217$83,910$72,920
12 years$120,063$106,214$93,774$82,641$72,715$62,252
13 years$109,690$95,986$83,780$72,960$63,409$53,461
14 years$100,807$87,249$75,277$64,766$55,584$46,137
15 years$93,116$79,703$67,965$57,760$48,940$39,981
16 years$86,392$73,126$61,620$51,717$43,254$34,767
17 years$80,466$67,347$56,072$46,468$38,352$30,322
18 years$75,204$62,231$51,187$41,877$34,101$26,513
19 years$70,501$57,675$46,859$37,839$30,395$23,232
20 years$66,274$53,595$43,005$34,271$27,149$20,395
21 years$62,455$49,921$39,556$31,103$24,295$17,934
22 years$58,987$46,600$36,457$28,280$21,777$15,791
23 years$55,826$43,584$33,662$25,755$19,549$13,922
24 years$52,932$40,835$31,131$23,490$17,571$12,288
25 years$50,274$38,322$28,834$21,452$15,811$10,855
26 years$47,824$36,016$26,742$19,615$14,242$9,597
27 years$45,560$33,896$24,832$17,954$12,840$8,491
28 years$43,461$31,940$23,085$16,450$11,586$7,518
29 years$41,511$30,131$21,482$15,085$10,462$6,659
30 years$39,694$28,456$20,010$13,844$9,453$5,902
31 years$37,997$26,900$18,655$12,715$8,546$5,233
32 years$36,410$25,453$17,405$11,685$7,731$4,642
33 years$34,922$24,105$16,251$10,745$6,996$4,119
34 years$33,524$22,846$15,184$9,887$6,334$3,655
35 years$32,209$21,669$14,196$9,101$5,737$3,245
36 years$30,971$20,567$13,280$8,382$5,198$2,882
37 years$29,801$19,534$12,430$7,723$4,711$2,560
38 years$28,696$18,564$11,640$7,118$4,271$2,274
39 years$27,651$17,653$10,906$6,564$3,873$2,020
40 years$26,660$16,795$10,222$6,054$3,513$1,795
41 years$25,719$15,987$9,585$5,585$3,187$1,596
42 years$24,826$15,226$8,991$5,155$2,892$1,418
43 years$23,977$14,507$8,437$4,758$2,625$1,261
44 years$23,169$13,828$7,919$4,394$2,383$1,121
45 years$22,399$13,186$7,436$4,058$2,163$997
46 years$21,664$12,579$6,984$3,748$1,964$886
47 years$20,963$12,005$6,561$3,463$1,783$788
48 years$20,293$11,460$6,166$3,200$1,619$701
49 years$19,652$10,944$5,796$2,957$1,471$623
50 years$19,039$10,454$5,449$2,733$1,336$554

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $19,500,000, adding $2,056 every year, while hoping to spend $27,941 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: 85/5/10 Blend
64$19,500,000$19,500,000$19,500,000$19,500,000
65$21,491,121$20,457,621$20,155,371$23,286,596
66$23,653,486$21,430,315$20,800,847$25,432,758
67$26,035,476$22,449,735$21,467,010$27,786,371
68$28,659,463$23,518,141$22,154,523$30,371,442
69$31,550,101$24,637,902$22,864,072$33,211,257
70$34,734,555$25,811,503$23,596,362$36,331,469
71$38,242,764$27,041,551$24,352,125$39,760,330
72$42,107,717$28,330,778$25,132,112$43,528,964
73$46,365,767$29,682,049$25,937,100$47,671,653
74$51,056,974$31,098,368$26,767,892$52,226,163
75$56,225,485$32,582,888$27,625,316$57,234,096
76$61,919,945$34,138,910$28,510,225$62,741,280
77$68,193,964$35,769,901$29,423,501$68,798,204
78$75,106,615$37,479,493$30,366,055$75,460,487
79$82,722,998$39,271,496$31,338,826$82,789,405
80$91,114,850$41,149,906$32,342,784$90,852,464
81$100,361,226$43,118,912$33,378,928$99,724,038
82$110,549,240$45,182,909$34,448,292$109,486,065
83$121,774,895$47,346,503$35,551,941$120,228,820
84$134,143,979$49,614,527$36,690,977$132,051,765
85$147,773,073$51,992,047$37,866,533$145,064,484
86$162,790,647$54,484,378$39,079,782$159,387,714
87$179,338,272$57,097,091$40,331,934$175,154,482
88$197,571,959$59,836,032$41,624,237$192,511,359
89$217,663,629$62,707,328$42,957,979$211,619,840
90$239,802,738$65,717,406$44,334,490$232,657,861
91$264,198,065$68,873,006$45,755,143$255,821,482
92$291,079,682$72,181,198$47,221,355$281,326,729
93$320,701,127$75,649,394$48,734,587$309,411,629
94$353,341,795$79,285,367$50,296,349$340,338,458
95$389,309,580$83,097,272$51,908,199$374,396,208
96$428,943,777$87,093,658$53,571,743$411,903,311
97$472,618,288$91,283,493$55,288,642$453,210,643
98$520,745,149$95,676,180$57,060,607$498,704,830
99$573,778,424$100,281,582$58,889,407$548,811,892
100$632,218,487$105,110,044$60,776,866$604,001,261