Can I retire at age 67 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,521,229
2 years$805,350$790,351$775,815$761,721$748,050$698,452
3 years$531,567$516,503$502,004$488,042$474,594$426,630
4 years$394,702$379,685$365,330$351,607$338,484$292,523
5 years$312,605$297,677$283,511$270,068$257,310$213,475
6 years$257,891$243,076$229,119$215,975$203,601$161,928
7 years$218,825$204,135$190,399$177,565$165,582$126,068
8 years$189,539$174,981$161,474$148,955$137,366$99,985
9 years$166,773$152,353$139,077$126,877$115,682$80,391
10 years$148,571$134,291$121,251$109,369$98,567$65,314
11 years$133,688$119,552$106,747$95,184$84,771$53,495
12 years$121,294$107,303$94,735$83,489$73,461$44,095
13 years$110,815$96,971$84,640$73,708$64,059$36,533
14 years$101,841$88,144$76,049$65,430$56,154$30,394
15 years$94,071$80,521$68,662$58,352$49,442$25,371
16 years$87,278$73,876$62,253$52,248$43,697$21,236
17 years$81,291$68,037$56,647$46,944$38,745$17,816
18 years$75,975$62,870$51,712$42,306$34,450$14,975
19 years$71,225$58,267$47,339$38,227$30,706$12,607
20 years$66,954$54,144$43,446$34,622$27,427$10,627
21 years$63,095$50,433$39,962$31,422$24,544$8,968
22 years$59,592$47,078$36,831$28,570$22,001$7,575
23 years$56,398$44,031$34,007$26,019$19,749$6,404
24 years$53,475$41,254$31,451$23,731$17,751$5,417
25 years$50,790$38,715$29,130$21,672$15,973$4,584
26 years$48,315$36,386$27,016$19,816$14,388$3,882
27 years$46,027$34,243$25,087$18,138$12,972$3,288
28 years$43,907$32,267$23,322$16,618$11,705$2,786
29 years$41,936$30,440$21,703$15,239$10,569$2,361
30 years$40,101$28,748$20,215$13,986$9,550$2,002
31 years$38,387$27,176$18,846$12,845$8,634$1,698
32 years$36,783$25,714$17,584$11,805$7,810$1,440
33 years$35,280$24,352$16,418$10,856$7,068$1,221
34 years$33,868$23,080$15,340$9,988$6,399$1,036
35 years$32,540$21,891$14,342$9,195$5,796$879
36 years$31,288$20,778$13,416$8,468$5,252$746
37 years$30,107$19,734$12,558$7,802$4,760$633
38 years$28,991$18,754$11,760$7,191$4,315$537
39 years$27,934$17,834$11,017$6,631$3,913$456
40 years$26,933$16,967$10,327$6,116$3,549$387
41 years$25,983$16,151$9,683$5,643$3,220$328
42 years$25,081$15,382$9,083$5,208$2,922$279
43 years$24,223$14,656$8,523$4,807$2,652$236
44 years$23,406$13,970$8,001$4,439$2,407$201
45 years$22,628$13,322$7,512$4,099$2,185$170
46 years$21,886$12,708$7,056$3,787$1,984$145
47 years$21,178$12,128$6,629$3,498$1,802$123
48 years$20,501$11,577$6,229$3,233$1,636$104
49 years$19,854$11,056$5,855$2,987$1,486$88
50 years$19,234$10,561$5,505$2,761$1,350$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $19,700,000, adding $6,549 every year, while hoping to spend $51,523 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: 52/25/23 Blend
66$19,700,000$19,700,000$19,700,000$19,700,000
67$21,716,155$20,672,055$20,366,705$22,706,247
68$23,876,383$21,630,166$20,994,170$24,349,054
69$26,255,227$22,633,497$21,640,928$26,129,214
70$28,874,932$23,684,210$22,307,571$28,064,554
71$31,760,010$24,784,571$22,994,709$30,169,859
72$34,937,470$25,936,955$23,702,971$32,461,379
73$38,437,077$27,143,850$24,433,005$34,956,977
74$42,291,626$28,407,866$25,185,478$37,676,291
75$46,537,260$29,731,740$25,961,080$40,640,911
76$51,213,803$31,118,337$26,760,518$43,874,579
77$56,365,140$32,570,665$27,584,525$47,403,406
78$62,039,631$34,091,874$28,433,853$51,256,110
79$68,290,565$35,685,268$29,309,279$55,464,277
80$75,176,665$37,354,308$30,211,602$60,062,658
81$82,762,643$39,102,627$31,141,648$65,089,483
82$91,119,805$40,934,029$32,100,267$70,586,813
83$100,326,733$42,852,503$33,088,333$76,600,934
84$110,470,017$44,862,234$34,106,749$83,182,777
85$121,645,080$46,967,604$35,156,447$90,388,394
86$133,957,073$49,173,212$36,238,383$98,279,474
87$147,521,873$51,483,877$37,353,547$106,923,919
88$162,467,168$53,904,652$38,502,955$116,396,467
89$178,933,673$56,440,834$39,687,658$126,779,391
90$197,076,450$59,097,977$40,908,736$138,163,261
91$217,066,373$61,881,903$42,167,304$150,647,789
92$239,091,744$64,798,717$43,464,510$164,342,752
93$263,360,068$67,854,820$44,801,538$179,369,019
94$290,100,012$71,056,923$46,179,606$195,859,675
95$319,563,562$74,412,061$47,599,971$213,961,263
96$352,028,405$77,927,612$49,063,930$233,835,151
97$387,800,546$81,611,309$50,572,816$255,659,038
98$427,217,201$85,471,263$52,128,005$279,628,617
99$470,649,977$89,515,975$53,730,914$305,959,400
100$518,508,379$93,754,363$55,383,004$334,888,736