Can I retire at age 65 with 19,900,000?

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,527,515
2 years$813,526$798,375$783,691$769,454$755,645$696,541
3 years$536,964$521,747$507,100$492,997$479,412$422,403
4 years$398,709$383,539$369,039$355,176$341,921$287,441
5 years$315,778$300,700$286,390$272,810$259,923$208,113
6 years$260,509$245,544$231,445$218,168$205,668$156,565
7 years$221,047$206,207$192,332$179,368$167,263$120,853
8 years$191,463$176,758$163,113$150,467$138,761$95,002
9 years$168,466$153,899$140,489$128,165$116,857$75,687
10 years$150,079$135,655$122,482$110,479$99,568$60,913
11 years$135,045$120,765$107,831$96,150$85,632$49,407
12 years$122,526$108,393$95,697$84,337$74,207$40,321
13 years$111,940$97,955$85,499$74,457$64,710$33,066
14 years$102,875$89,039$76,821$66,094$56,724$27,223
15 years$95,026$81,338$69,359$58,944$49,944$22,483
16 years$88,165$74,626$62,885$52,778$44,141$18,616
17 years$82,117$68,728$57,222$47,421$39,138$15,447
18 years$76,747$63,508$52,237$42,736$34,800$12,839
19 years$71,948$58,858$47,820$38,615$31,018$10,687
20 years$67,634$54,694$43,887$34,974$27,706$8,906
21 years$63,736$50,945$40,367$31,741$24,794$7,428
22 years$60,197$47,556$37,205$28,860$22,224$6,201
23 years$56,971$44,478$34,352$26,283$19,950$5,181
24 years$54,018$41,673$31,770$23,972$17,931$4,330
25 years$51,305$39,108$29,425$21,892$16,135$3,621
26 years$48,805$36,755$27,290$20,017$14,534$3,029
27 years$46,495$34,591$25,342$18,322$13,104$2,535
28 years$44,353$32,595$23,558$16,787$11,824$2,122
29 years$42,362$30,749$21,923$15,394$10,676$1,777
30 years$40,508$29,040$20,420$14,128$9,647$1,488
31 years$38,776$27,452$19,037$12,975$8,722$1,246
32 years$37,157$25,975$17,762$11,925$7,889$1,044
33 years$35,638$24,599$16,585$10,966$7,140$874
34 years$34,212$23,314$15,496$10,090$6,464$733
35 years$32,870$22,113$14,487$9,288$5,855$614
36 years$31,606$20,989$13,553$8,554$5,305$514
37 years$30,413$19,934$12,685$7,881$4,808$431
38 years$29,285$18,945$11,879$7,264$4,359$361
39 years$28,218$18,015$11,129$6,698$3,953$303
40 years$27,206$17,139$10,432$6,178$3,585$254
41 years$26,247$16,315$9,781$5,700$3,253$213
42 years$25,336$15,538$9,175$5,260$2,952$178
43 years$24,469$14,805$8,610$4,856$2,679$149
44 years$23,644$14,112$8,082$4,484$2,431$125
45 years$22,858$13,457$7,589$4,141$2,207$105
46 years$22,108$12,837$7,127$3,825$2,004$88
47 years$21,393$12,251$6,696$3,534$1,820$74
48 years$20,709$11,695$6,292$3,265$1,653$62
49 years$20,055$11,168$5,914$3,018$1,501$52
50 years$19,429$10,668$5,560$2,789$1,363$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $19,900,000, adding $2,186 every year, while hoping to spend $40,933 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: 52/20/28 Blend
64$19,900,000$19,900,000$19,900,000$19,900,000
65$21,932,055$20,877,355$20,568,905$22,900,081
66$24,125,572$21,856,793$21,214,411$24,552,644
67$26,541,456$22,882,851$21,880,169$26,345,066
68$29,202,345$23,957,772$22,566,816$28,294,184
69$32,133,185$25,083,903$23,275,005$30,414,976
70$35,361,465$26,263,710$24,005,413$32,723,908
71$38,917,477$27,499,774$24,758,736$35,239,080
72$42,834,600$28,794,803$25,535,694$37,980,396
73$47,149,617$30,151,636$26,337,027$40,969,746
74$51,903,061$31,573,249$27,163,501$44,231,202
75$57,139,598$33,062,763$28,015,903$47,791,243
76$62,908,448$34,623,450$28,895,047$51,678,994
77$69,263,850$36,258,739$29,801,771$55,926,501
78$76,265,573$37,972,228$30,736,941$60,569,017
79$83,979,482$39,767,688$31,701,449$65,645,336
80$92,478,157$41,649,072$32,696,215$71,198,144
81$101,841,578$43,620,526$33,722,188$77,274,419
82$112,157,884$45,686,396$34,780,346$83,925,862
83$123,524,199$47,851,241$35,871,699$91,209,379
84$136,047,555$50,119,839$36,997,288$99,187,605
85$149,845,895$52,497,201$38,158,186$107,929,490
86$165,049,193$54,988,580$39,355,502$117,510,937
87$181,800,676$57,599,486$40,590,377$128,015,508
88$200,258,179$60,335,695$41,863,989$139,535,200
89$220,595,633$63,203,264$43,177,552$152,171,305
90$243,004,708$66,208,544$44,532,321$166,035,354
91$267,696,621$69,358,195$45,929,586$181,250,154
92$294,904,129$72,659,200$47,370,680$197,950,935
93$324,883,731$76,118,881$48,856,979$216,286,614
94$357,918,083$79,744,917$50,389,899$236,421,186
95$394,318,669$83,545,360$51,970,902$258,535,258
96$434,428,743$87,528,652$53,601,497$282,827,735
97$478,626,566$91,703,647$55,283,238$309,517,682
98$527,328,978$96,079,629$57,017,729$338,846,380
99$580,995,336$100,666,332$58,806,625$371,079,578
100$640,131,844$105,473,967$60,651,630$406,509,987