Can I retire at age 65 with 19,800,000?

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,546,369
2 years$809,438$794,363$779,753$765,588$751,848$719,241
3 years$534,265$519,125$504,552$490,519$477,003$445,319
4 years$396,706$381,612$367,185$353,392$340,203$309,684
5 years$314,192$299,188$284,950$271,439$258,617$229,351
6 years$259,200$244,310$230,282$217,072$204,634$176,652
7 years$219,936$205,171$191,366$178,467$166,423$139,730
8 years$190,501$175,869$162,293$149,711$138,064$112,653
9 years$167,619$153,126$139,783$127,521$116,270$92,123
10 years$149,325$134,973$121,866$109,924$99,067$76,162
11 years$134,366$120,159$107,289$95,667$85,201$63,508
12 years$121,910$107,848$95,216$83,913$73,834$53,320
13 years$111,378$97,463$85,069$74,082$64,384$45,016
14 years$102,358$88,591$76,435$65,762$56,439$38,178
15 years$94,548$80,930$69,011$58,648$49,693$32,500
16 years$87,721$74,251$62,569$52,513$43,919$27,754
17 years$81,704$68,383$56,935$47,183$38,942$23,763
18 years$76,361$63,189$51,974$42,521$34,625$20,391
19 years$71,586$58,563$47,580$38,421$30,862$17,530
20 years$67,294$54,419$43,666$34,798$27,567$15,095
21 years$63,416$50,689$40,165$31,581$24,669$13,015
22 years$59,895$47,317$37,018$28,715$22,112$11,236
23 years$56,685$44,254$34,179$26,151$19,849$9,709
24 years$53,746$41,463$31,610$23,851$17,841$8,397
25 years$51,047$38,911$29,277$21,782$16,054$7,267
26 years$48,560$36,570$27,153$19,917$14,461$6,293
27 years$46,261$34,417$25,214$18,230$13,038$5,453
28 years$44,130$32,431$23,440$16,703$11,764$4,727
29 years$42,149$30,595$21,813$15,317$10,623$4,100
30 years$40,304$28,894$20,318$14,057$9,598$3,557
31 years$38,582$27,314$18,942$12,910$8,678$3,087
32 years$36,970$25,845$17,673$11,865$7,850$2,680
33 years$35,459$24,475$16,501$10,911$7,104$2,327
34 years$34,040$23,197$15,418$10,039$6,432$2,020
35 years$32,705$22,002$14,415$9,241$5,826$1,755
36 years$31,447$20,883$13,485$8,511$5,278$1,524
37 years$30,260$19,834$12,621$7,842$4,784$1,325
38 years$29,138$18,850$11,819$7,228$4,337$1,151
39 years$28,076$17,924$11,073$6,664$3,933$1,000
40 years$27,070$17,053$10,379$6,147$3,567$869
41 years$26,115$16,233$9,732$5,671$3,236$755
42 years$25,208$15,460$9,129$5,234$2,937$657
43 years$24,346$14,730$8,567$4,832$2,665$571
44 years$23,525$14,041$8,041$4,461$2,419$496
45 years$22,743$13,389$7,550$4,120$2,196$431
46 years$21,997$12,773$7,092$3,806$1,994$375
47 years$21,285$12,189$6,662$3,516$1,811$326
48 years$20,605$11,636$6,261$3,249$1,644$283
49 years$19,954$11,112$5,885$3,003$1,493$246
50 years$19,332$10,615$5,533$2,775$1,357$214

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $19,800,000, adding $5,028 every year, while hoping to spend $39,485 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: 50/42/8 Blend
64$19,800,000$19,800,000$19,800,000$19,800,000
65$21,824,786$20,775,386$20,468,486$22,870,626
66$24,008,903$21,751,369$21,112,169$24,560,797
67$26,414,476$22,773,851$21,776,091$26,391,745
68$29,064,052$23,845,069$22,460,890$28,380,339
69$31,982,477$24,967,369$23,167,222$30,541,358
70$35,197,129$26,143,210$23,895,763$32,891,027
71$38,738,178$27,375,168$24,647,213$35,447,162
72$42,638,868$28,665,947$25,422,290$38,229,332
73$46,935,834$30,018,381$26,221,739$41,259,032
74$51,669,447$31,435,439$27,046,325$44,559,879
75$56,884,192$32,920,237$27,896,838$48,157,823
76$62,629,092$34,476,041$28,774,094$52,081,380
77$68,958,167$36,106,274$29,678,934$56,361,894
78$75,930,946$37,814,528$30,612,224$61,033,821
79$83,613,028$39,604,566$31,574,860$66,135,036
80$92,076,703$41,480,335$32,567,763$71,707,188
81$101,401,629$43,445,974$33,591,886$77,796,070
82$111,675,590$45,505,822$34,648,209$84,452,044
83$122,995,322$47,664,429$35,737,746$91,730,499
84$135,467,425$49,926,565$36,861,540$99,692,362
85$149,209,369$52,297,234$38,020,669$108,404,650
86$164,350,606$54,781,680$39,216,242$117,941,096
87$181,033,788$57,385,403$40,449,407$128,382,819
88$199,416,117$60,114,170$41,721,344$139,819,074
89$219,670,825$62,974,028$43,033,273$152,348,079
90$241,988,812$65,971,319$44,386,451$166,077,918
91$266,580,449$69,112,691$45,782,175$181,127,541
92$293,677,559$72,405,117$47,221,782$197,627,866
93$323,535,610$75,855,908$48,706,652$215,722,990
94$356,436,125$79,472,730$50,238,207$235,571,530
95$392,689,338$83,263,623$51,817,916$257,348,086
96$432,637,127$87,237,016$53,447,293$281,244,874
97$476,656,234$91,401,750$55,127,897$307,473,502
98$525,161,829$95,767,095$56,861,341$336,266,947
99$578,611,425$100,342,772$58,649,285$367,881,718
100$637,509,197$105,138,974$60,493,442$402,600,250