Can I retire at age 67 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,504,580
2 years$797,174$782,328$767,939$753,988$740,456$690,174
3 years$526,170$511,260$496,907$483,087$469,776$421,168
4 years$390,695$375,830$361,621$348,037$335,048$288,486
5 years$309,431$294,655$280,633$267,326$254,698$210,307
6 years$255,273$240,608$226,793$213,783$201,534$159,350
7 years$216,603$202,062$188,466$175,763$163,901$123,920
8 years$187,615$173,205$159,834$147,443$135,972$98,165
9 years$165,080$150,806$137,665$125,589$114,508$78,832
10 years$147,062$132,928$120,020$108,259$97,566$63,967
11 years$132,330$118,338$105,663$94,217$83,910$52,324
12 years$120,063$106,214$93,774$82,641$72,715$43,073
13 years$109,690$95,986$83,780$72,960$63,409$35,638
14 years$100,807$87,249$75,277$64,766$55,584$29,607
15 years$93,116$79,703$67,965$57,760$48,940$24,679
16 years$86,392$73,126$61,620$51,717$43,254$20,628
17 years$80,466$67,347$56,072$46,468$38,352$17,281
18 years$75,204$62,231$51,187$41,877$34,101$14,503
19 years$70,501$57,675$46,859$37,839$30,395$12,191
20 years$66,274$53,595$43,005$34,271$27,149$10,261
21 years$62,455$49,921$39,556$31,103$24,295$8,646
22 years$58,987$46,600$36,457$28,280$21,777$7,292
23 years$55,826$43,584$33,662$25,755$19,549$6,154
24 years$52,932$40,835$31,131$23,490$17,571$5,197
25 years$50,274$38,322$28,834$21,452$15,811$4,392
26 years$47,824$36,016$26,742$19,615$14,242$3,713
27 years$45,560$33,896$24,832$17,954$12,840$3,140
28 years$43,461$31,940$23,085$16,450$11,586$2,656
29 years$41,511$30,131$21,482$15,085$10,462$2,247
30 years$39,694$28,456$20,010$13,844$9,453$1,902
31 years$37,997$26,900$18,655$12,715$8,546$1,610
32 years$36,410$25,453$17,405$11,685$7,731$1,363
33 years$34,922$24,105$16,251$10,745$6,996$1,155
34 years$33,524$22,846$15,184$9,887$6,334$978
35 years$32,209$21,669$14,196$9,101$5,737$828
36 years$30,971$20,567$13,280$8,382$5,198$702
37 years$29,801$19,534$12,430$7,723$4,711$594
38 years$28,696$18,564$11,640$7,118$4,271$503
39 years$27,651$17,653$10,906$6,564$3,873$427
40 years$26,660$16,795$10,222$6,054$3,513$361
41 years$25,719$15,987$9,585$5,585$3,187$306
42 years$24,826$15,226$8,991$5,155$2,892$259
43 years$23,977$14,507$8,437$4,758$2,625$220
44 years$23,169$13,828$7,919$4,394$2,383$186
45 years$22,399$13,186$7,436$4,058$2,163$158
46 years$21,664$12,579$6,984$3,748$1,964$134
47 years$20,963$12,005$6,561$3,463$1,783$113
48 years$20,293$11,460$6,166$3,200$1,619$96
49 years$19,652$10,944$5,796$2,957$1,471$81
50 years$19,039$10,454$5,449$2,733$1,336$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $19,500,000, adding $5,730 every year, while hoping to spend $23,162 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: 52/19/29 Blend
66$19,500,000$19,500,000$19,500,000$19,500,000
67$21,494,910$20,461,410$20,159,160$22,437,184
68$23,662,747$21,439,375$20,809,848$24,071,582
69$26,050,927$22,464,484$21,481,558$25,845,796
70$28,681,900$23,539,023$22,174,969$27,775,499
71$31,580,407$24,665,388$22,890,783$29,875,555
72$34,773,709$25,846,093$23,629,725$32,162,305
73$38,291,850$27,083,773$24,392,543$34,653,713
74$42,167,934$28,381,193$25,180,008$37,369,534
75$46,438,443$29,741,252$25,992,919$40,331,489
76$51,143,580$31,166,990$26,832,098$43,563,468
77$56,327,647$32,661,593$27,698,394$47,091,749
78$62,039,461$34,228,406$28,592,685$50,945,235
79$68,332,823$35,870,934$29,515,876$55,155,725
80$75,267,015$37,592,854$30,468,902$59,758,206
81$82,907,368$39,398,022$31,452,728$64,791,171
82$91,325,876$41,290,481$32,468,351$70,296,979
83$100,601,873$43,274,473$33,516,799$76,322,248
84$110,822,786$45,354,444$34,599,133$82,918,280
85$122,084,957$47,535,058$35,716,451$90,141,541
86$134,494,554$49,821,207$36,869,883$98,054,185
87$148,168,573$52,218,021$38,060,599$106,724,627
88$163,235,943$54,730,880$39,289,805$116,228,182
89$179,838,741$57,365,424$40,558,745$126,647,766
90$198,133,536$60,127,573$41,868,706$138,074,661
91$218,292,863$63,023,531$43,221,014$150,609,373
92$240,506,858$66,059,807$44,617,041$164,362,565
93$264,985,046$69,243,227$46,058,201$179,456,088
94$291,958,324$72,580,948$47,545,954$196,024,120
95$321,681,138$76,080,479$49,081,808$214,214,416
96$354,433,885$79,749,693$50,667,319$234,189,693
97$390,525,562$83,596,849$52,304,095$256,129,144
98$430,296,682$87,630,607$53,993,795$280,230,121
99$474,122,488$91,860,051$55,738,132$306,709,977
100$522,416,496$96,294,708$57,538,873$335,808,102