Can I retire at age 67 with 19,200,000?

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 $19,200,000?

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$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,475,539
2 years$784,910$770,292$756,124$742,388$729,064$673,762
3 years$518,075$503,394$489,263$475,655$462,548$409,179
4 years$384,684$370,048$356,058$342,683$329,893$278,863
5 years$304,671$290,122$276,316$263,213$250,780$202,223
6 years$251,346$236,907$223,304$210,494$198,433$152,385
7 years$213,271$198,954$185,567$173,059$161,380$117,829
8 years$184,728$170,540$157,375$145,175$133,880$92,789
9 years$162,540$148,486$135,547$123,656$112,746$74,061
10 years$144,800$130,883$118,173$106,593$96,065$59,717
11 years$130,295$116,517$104,038$92,768$82,619$48,532
12 years$118,216$104,580$92,331$81,370$71,596$39,686
13 years$108,003$94,510$82,492$71,837$62,433$32,613
14 years$99,257$85,907$74,119$63,769$54,729$26,906
15 years$91,683$78,477$66,919$56,871$48,187$22,269
16 years$85,063$72,001$60,672$50,922$42,588$18,479
17 years$79,228$66,311$55,209$45,753$37,762$15,367
18 years$74,047$61,274$50,399$41,233$33,576$12,801
19 years$69,417$56,788$46,138$37,257$29,927$10,679
20 years$65,255$52,770$42,343$33,743$26,731$8,920
21 years$61,494$49,153$38,947$30,624$23,921$7,458
22 years$58,080$45,883$35,896$27,845$21,442$6,241
23 years$54,967$42,913$33,144$25,359$19,248$5,226
24 years$52,118$40,207$30,652$23,128$17,300$4,378
25 years$49,501$37,732$28,390$21,122$15,568$3,670
26 years$47,089$35,462$26,330$19,313$14,023$3,078
27 years$44,859$33,374$24,450$17,678$12,643$2,582
28 years$42,793$31,448$22,730$16,197$11,408$2,166
29 years$40,872$29,668$21,152$14,853$10,301$1,818
30 years$39,083$28,018$19,702$13,631$9,308$1,526
31 years$37,412$26,486$18,368$12,519$8,415$1,282
32 years$35,850$25,062$17,137$11,505$7,612$1,076
33 years$34,384$23,734$16,001$10,580$6,889$904
34 years$33,008$22,494$14,951$9,735$6,237$759
35 years$31,714$21,335$13,978$8,961$5,649$638
36 years$30,494$20,250$13,076$8,253$5,118$536
37 years$29,343$19,233$12,239$7,604$4,639$450
38 years$28,255$18,278$11,461$7,009$4,206$378
39 years$27,225$17,381$10,738$6,463$3,814$318
40 years$26,249$16,537$10,065$5,961$3,459$267
41 years$25,324$15,741$9,437$5,500$3,138$224
42 years$24,444$14,991$8,853$5,075$2,848$188
43 years$23,608$14,284$8,307$4,685$2,584$158
44 years$22,812$13,615$7,798$4,326$2,346$133
45 years$22,054$12,984$7,322$3,995$2,130$112
46 years$21,331$12,386$6,877$3,690$1,934$94
47 years$20,640$11,820$6,460$3,410$1,756$79
48 years$19,980$11,284$6,071$3,151$1,595$66
49 years$19,350$10,775$5,706$2,912$1,448$56
50 years$18,746$10,293$5,365$2,691$1,315$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $19,200,000, adding $6,965 every year, while hoping to spend $52,442 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: 66/13/21 Blend
66$19,200,000$19,200,000$19,200,000$19,200,000
67$21,165,584$20,147,984$19,850,384$22,449,382
68$23,268,676$21,079,438$20,459,574$24,243,324
69$25,584,526$22,054,775$21,087,415$26,197,100
70$28,134,779$23,076,090$21,734,474$28,331,808
71$30,943,287$24,145,580$22,401,341$30,665,223
72$34,036,335$25,265,546$23,088,618$33,216,907
73$37,442,884$26,438,400$23,796,929$36,008,389
74$41,194,848$27,666,672$24,526,917$39,063,366
75$45,327,396$28,953,012$25,279,241$42,407,920
76$49,879,279$30,300,198$26,054,585$46,070,765
77$54,893,202$31,711,145$26,853,650$50,083,509
78$60,416,222$33,188,904$27,677,161$54,480,952
79$66,500,193$34,736,677$28,525,862$59,301,407
80$73,202,257$36,357,818$29,400,522$64,587,059
81$80,585,381$38,055,845$30,301,934$70,384,356
82$88,718,954$39,834,445$31,230,912$76,744,447
83$97,679,437$41,697,483$32,188,298$83,723,654
84$107,551,091$43,649,011$33,174,957$91,384,000
85$118,426,767$45,693,277$34,191,783$99,793,793
86$130,408,784$47,834,734$35,239,695$109,028,258
87$143,609,895$50,078,051$36,319,639$119,170,245
88$158,154,351$52,428,123$37,432,594$130,311,004
89$174,179,073$54,890,079$38,579,564$142,551,038
90$191,834,946$57,469,300$39,761,587$156,001,048
91$211,288,240$60,171,426$40,979,730$170,782,968
92$232,722,183$63,002,368$42,235,093$187,031,106
93$256,338,689$65,968,327$43,528,812$204,893,412
94$282,360,262$69,075,802$44,862,054$224,532,857
95$311,032,098$72,331,606$46,236,023$246,128,968
96$342,624,401$75,742,884$47,651,959$269,879,514
97$377,434,931$79,317,126$49,111,140$296,002,359
98$415,791,814$83,062,185$50,614,883$324,737,515
99$458,056,643$86,986,296$52,164,545$356,349,391
100$504,627,887$91,098,091$53,761,524$391,129,285