Can I retire at age 65 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%19%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,537,020
2 years$817,615$802,387$787,630$773,321$759,442$701,835
3 years$539,662$524,369$509,648$495,474$481,821$426,228
4 years$400,713$385,467$370,894$356,961$343,639$290,483
5 years$317,365$302,211$287,829$274,180$261,229$210,649
6 years$261,818$246,778$232,608$219,264$206,701$158,735
7 years$222,157$207,243$193,299$180,269$168,104$122,739
8 years$192,425$177,646$163,933$151,223$139,458$96,656
9 years$169,313$154,673$141,195$128,809$117,444$77,146
10 years$150,833$136,336$123,097$111,034$100,068$62,205
11 years$135,724$121,372$108,373$96,633$86,062$50,554
12 years$123,141$108,937$96,178$84,760$74,579$41,340
13 years$112,503$98,447$85,929$74,831$65,035$33,971
14 years$103,392$89,486$77,207$66,426$57,009$28,027
15 years$95,503$81,747$69,708$59,241$50,195$23,197
16 years$88,608$75,001$63,201$53,044$44,363$19,249
17 years$82,529$69,073$57,510$47,659$39,335$16,007
18 years$77,132$63,827$52,499$42,951$34,975$13,335
19 years$72,309$59,154$48,060$38,809$31,174$11,124
20 years$67,974$54,969$44,107$35,149$27,845$9,292
21 years$64,056$51,201$40,570$31,900$24,918$7,769
22 years$60,500$47,795$37,392$29,005$22,336$6,501
23 years$57,257$44,701$34,525$26,415$20,050$5,443
24 years$54,289$41,882$31,930$24,092$18,021$4,561
25 years$51,563$39,304$29,573$22,002$16,216$3,823
26 years$49,051$36,940$27,428$20,118$14,607$3,206
27 years$46,728$34,765$25,469$18,414$13,170$2,689
28 years$44,576$32,759$23,677$16,871$11,883$2,257
29 years$42,575$30,904$22,033$15,471$10,730$1,894
30 years$40,711$29,186$20,523$14,199$9,695$1,590
31 years$38,971$27,590$19,133$13,041$8,766$1,335
32 years$37,343$26,106$17,851$11,985$7,929$1,121
33 years$35,817$24,723$16,668$11,021$7,176$941
34 years$34,384$23,431$15,574$10,140$6,497$791
35 years$33,035$22,224$14,560$9,335$5,884$664
36 years$31,765$21,094$13,621$8,597$5,332$558
37 years$30,565$20,035$12,749$7,921$4,832$469
38 years$29,432$19,040$11,939$7,301$4,381$394
39 years$28,360$18,105$11,185$6,732$3,973$331
40 years$27,343$17,226$10,484$6,209$3,603$278
41 years$26,379$16,397$9,831$5,729$3,269$234
42 years$25,463$15,616$9,221$5,287$2,966$196
43 years$24,592$14,879$8,653$4,880$2,692$165
44 years$23,763$14,183$8,122$4,506$2,444$139
45 years$22,973$13,525$7,627$4,162$2,218$116
46 years$22,219$12,902$7,163$3,844$2,014$98
47 years$21,500$12,312$6,730$3,552$1,829$82
48 years$20,813$11,754$6,324$3,282$1,661$69
49 years$20,156$11,224$5,944$3,033$1,509$58
50 years$19,527$10,722$5,588$2,803$1,370$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $20,000,000, adding $4,352 every year, while hoping to spend $25,549 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: 43/35/22 Blend
64$20,000,000$20,000,000$20,000,000$20,000,000
65$22,044,489$20,984,489$20,674,489$22,850,908
66$24,265,843$21,985,545$21,339,901$24,424,517
67$26,712,919$23,034,797$22,026,747$26,125,548
68$29,408,713$24,134,578$22,735,719$27,968,021
69$32,378,567$25,287,338$23,467,532$29,965,007
70$35,650,407$26,495,643$24,222,919$32,130,847
71$39,255,004$27,762,186$25,002,643$34,481,285
72$43,226,271$29,089,789$25,807,488$37,033,605
73$47,601,576$30,481,414$26,638,264$39,806,785
74$52,422,097$31,940,164$27,495,807$42,821,670
75$57,733,215$33,469,296$28,380,980$46,101,154
76$63,584,934$35,072,223$29,294,674$49,670,388
77$70,032,361$36,752,525$30,237,810$53,557,010
78$77,136,222$38,513,958$31,211,336$57,791,388
79$84,963,433$40,360,459$32,216,233$62,406,902
80$93,587,739$42,296,158$33,253,512$67,440,241
81$103,090,402$44,325,383$34,324,218$72,931,740
82$113,560,973$46,452,677$35,429,430$78,925,746
83$125,098,136$48,682,802$36,570,259$85,471,023
84$137,810,639$51,020,752$37,747,856$92,621,197
85$151,818,320$53,471,765$38,963,405$100,435,248
86$167,253,242$56,041,334$40,218,132$108,978,050
87$184,260,933$58,735,220$41,513,300$118,320,966
88$203,001,766$61,559,464$42,850,214$128,542,505
89$223,652,471$64,520,402$44,230,220$139,729,044
90$246,407,799$67,624,678$45,654,709$151,975,625
91$271,482,369$70,879,262$47,125,116$165,386,830
92$299,112,685$74,291,460$48,642,922$180,077,751
93$329,559,376$77,868,939$50,209,657$196,175,051
94$363,109,651$81,619,735$51,826,899$213,818,137
95$400,080,013$85,552,280$53,496,278$233,160,453
96$440,819,247$89,675,415$55,219,476$254,370,903
97$485,711,712$93,998,412$56,998,230$277,635,418
98$535,180,969$98,530,996$58,834,333$303,158,687
99$589,693,780$103,283,367$60,729,636$331,166,053
100$649,764,515$108,266,221$62,686,048$361,905,619