Can I retire at age 65 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,545,517
2 years$805,350$790,351$775,815$761,721$748,050$722,542
3 years$531,567$516,503$502,004$488,042$474,594$449,759
4 years$394,702$379,685$365,330$351,607$338,484$314,515
5 years$312,605$297,677$283,511$270,068$257,310$234,275
6 years$257,891$243,076$229,119$215,975$203,601$181,527
7 years$218,825$204,135$190,399$177,565$165,582$144,475
8 years$189,539$174,981$161,474$148,955$137,366$117,223
9 years$166,773$152,353$139,077$126,877$115,682$96,492
10 years$148,571$134,291$121,251$109,369$98,567$80,314
11 years$133,688$119,552$106,747$95,184$84,771$67,436
12 years$121,294$107,303$94,735$83,489$73,461$57,022
13 years$110,815$96,971$84,640$73,708$64,059$48,492
14 years$101,841$88,144$76,049$65,430$56,154$41,433
15 years$94,071$80,521$68,662$58,352$49,442$35,540
16 years$87,278$73,876$62,253$52,248$43,697$30,586
17 years$81,291$68,037$56,647$46,944$38,745$26,394
18 years$75,975$62,870$51,712$42,306$34,450$22,831
19 years$71,225$58,267$47,339$38,227$30,706$19,788
20 years$66,954$54,144$43,446$34,622$27,427$17,180
21 years$63,095$50,433$39,962$31,422$24,544$14,938
22 years$59,592$47,078$36,831$28,570$22,001$13,004
23 years$56,398$44,031$34,007$26,019$19,749$11,334
24 years$53,475$41,254$31,451$23,731$17,751$9,887
25 years$50,790$38,715$29,130$21,672$15,973$8,632
26 years$48,315$36,386$27,016$19,816$14,388$7,541
27 years$46,027$34,243$25,087$18,138$12,972$6,593
28 years$43,907$32,267$23,322$16,618$11,705$5,767
29 years$41,936$30,440$21,703$15,239$10,569$5,046
30 years$40,101$28,748$20,215$13,986$9,550$4,418
31 years$38,387$27,176$18,846$12,845$8,634$3,869
32 years$36,783$25,714$17,584$11,805$7,810$3,389
33 years$35,280$24,352$16,418$10,856$7,068$2,970
34 years$33,868$23,080$15,340$9,988$6,399$2,603
35 years$32,540$21,891$14,342$9,195$5,796$2,282
36 years$31,288$20,778$13,416$8,468$5,252$2,001
37 years$30,107$19,734$12,558$7,802$4,760$1,755
38 years$28,991$18,754$11,760$7,191$4,315$1,539
39 years$27,934$17,834$11,017$6,631$3,913$1,350
40 years$26,933$16,967$10,327$6,116$3,549$1,184
41 years$25,983$16,151$9,683$5,643$3,220$1,039
42 years$25,081$15,382$9,083$5,208$2,922$912
43 years$24,223$14,656$8,523$4,807$2,652$800
44 years$23,406$13,970$8,001$4,439$2,407$702
45 years$22,628$13,322$7,512$4,099$2,185$616
46 years$21,886$12,708$7,056$3,787$1,984$541
47 years$21,178$12,128$6,629$3,498$1,802$475
48 years$20,501$11,577$6,229$3,233$1,636$417
49 years$19,854$11,056$5,855$2,987$1,486$366
50 years$19,234$10,561$5,505$2,761$1,350$321

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $19,700,000, adding $6,787 every year, while hoping to spend $57,302 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: 58/17/25 Blend
64$19,700,000$19,700,000$19,700,000$19,700,000
65$21,716,401$20,672,301$20,366,951$22,828,526
66$23,870,505$21,624,275$20,988,275$24,540,800
67$26,242,407$22,620,975$21,628,493$26,400,128
68$28,854,262$23,664,532$22,288,177$28,426,215
69$31,730,483$24,757,180$22,967,917$30,635,215
70$34,897,970$25,901,260$23,668,320$33,044,897
71$38,386,368$27,099,226$24,390,013$35,674,807
72$42,228,339$28,353,650$25,133,640$38,546,447
73$46,459,877$29,667,227$25,899,865$41,683,476
74$51,120,647$31,042,783$26,689,373$45,111,927
75$56,254,354$32,483,280$27,502,868$48,860,444
76$61,909,160$33,991,823$28,341,075$52,960,553
77$68,138,137$35,571,665$29,204,744$57,446,948
78$74,999,768$37,226,218$30,094,645$62,357,818
79$82,558,500$38,959,058$31,011,571$67,735,196
80$90,885,348$40,773,933$31,956,339$73,625,354
81$100,058,569$42,674,772$32,929,793$80,079,228
82$110,164,402$44,665,694$33,932,799$87,152,896
83$121,297,874$46,751,017$34,966,251$94,908,100
84$133,563,707$48,935,266$36,031,071$103,412,816
85$147,077,299$51,223,188$37,128,205$112,741,895
86$161,965,814$53,619,755$38,258,631$122,977,755
87$178,369,388$56,130,183$39,423,356$134,211,155
88$196,442,442$58,759,939$40,623,415$146,542,037
89$216,355,148$61,514,753$41,859,876$160,080,467
90$238,295,031$64,400,634$43,133,840$174,947,659
91$262,468,739$67,423,880$44,446,438$191,277,112
92$289,103,995$70,591,094$45,798,839$209,215,854
93$318,451,746$73,909,201$47,192,243$228,925,828
94$350,788,530$77,385,459$48,627,889$250,585,400
95$386,419,090$81,027,476$50,107,053$274,391,035
96$425,679,246$84,843,231$51,631,048$300,559,140
97$468,939,068$88,841,088$53,201,227$329,328,091
98$516,606,369$93,029,817$54,818,984$360,960,468
99$569,130,553$97,418,613$56,485,755$395,745,524
100$627,006,860$102,017,115$58,203,018$434,001,899