Can I retire at age 66 with 18,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,393,307
2 years$735,853$722,148$708,867$695,989$683,498$641,486
3 years$485,696$471,932$458,684$445,927$433,639$392,970
4 years$360,642$346,920$333,804$321,265$309,275$270,260
5 years$285,629$271,990$259,046$246,762$235,106$197,852
6 years$235,636$222,100$209,347$197,338$186,031$150,572
7 years$199,942$186,519$173,969$162,242$151,293$117,628
8 years$173,183$159,881$147,539$136,101$125,512$93,622
9 years$152,381$139,205$127,076$115,928$105,700$75,550
10 years$135,750$122,703$110,787$99,931$90,061$61,612
11 years$122,151$109,235$97,535$86,970$77,456$50,659
12 years$110,827$98,044$86,560$76,284$67,122$41,924
13 years$101,253$88,603$77,336$67,348$58,531$34,876
14 years$93,053$80,537$69,487$59,784$51,308$29,135
15 years$85,953$73,572$62,737$53,317$45,176$24,424
16 years$79,747$67,501$56,880$47,739$39,926$20,532
17 years$74,276$62,166$51,759$42,893$35,402$17,301
18 years$69,419$57,444$47,249$38,655$31,477$14,607
19 years$65,078$53,239$43,254$34,929$28,057$12,353
20 years$61,176$49,472$39,697$31,634$25,061$10,461
21 years$57,651$46,081$36,513$28,710$22,426$8,869
22 years$54,450$43,015$33,653$26,104$20,102$7,527
23 years$51,531$40,231$31,072$23,774$18,045$6,393
24 years$48,860$37,694$28,737$21,683$16,219$5,433
25 years$46,407$35,374$26,616$19,802$14,595$4,620
26 years$44,146$33,246$24,685$18,106$13,146$3,931
27 years$42,055$31,288$22,922$16,573$11,853$3,346
28 years$40,118$29,483$21,309$15,184$10,695$2,849
29 years$38,318$27,814$19,830$13,924$9,657$2,427
30 years$36,640$26,267$18,471$12,779$8,726$2,068
31 years$35,074$24,831$17,220$11,737$7,889$1,762
32 years$33,609$23,495$16,066$10,786$7,136$1,502
33 years$32,235$22,250$15,001$9,919$6,458$1,280
34 years$30,945$21,088$14,016$9,126$5,847$1,091
35 years$29,732$20,002$13,104$8,401$5,296$931
36 years$28,588$18,985$12,259$7,737$4,798$794
37 years$27,509$18,031$11,474$7,129$4,349$677
38 years$26,489$17,136$10,745$6,571$3,943$577
39 years$25,524$16,295$10,067$6,059$3,575$492
40 years$24,609$15,503$9,436$5,588$3,243$420
41 years$23,741$14,757$8,848$5,156$2,942$358
42 years$22,917$14,054$8,299$4,758$2,670$306
43 years$22,133$13,391$7,788$4,392$2,423$261
44 years$21,387$12,764$7,310$4,056$2,199$222
45 years$20,676$12,172$6,864$3,745$1,997$190
46 years$19,997$11,612$6,447$3,460$1,813$162
47 years$19,350$11,081$6,057$3,196$1,646$138
48 years$18,732$10,578$5,692$2,954$1,495$118
49 years$18,140$10,102$5,350$2,730$1,358$101
50 years$17,574$9,650$5,030$2,523$1,233$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $18,000,000, adding $3,370 every year, while hoping to spend $57,715 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: 64/7/29 Blend
65$18,000,000$18,000,000$18,000,000$18,000,000
66$19,839,476$18,885,476$18,606,476$20,955,514
67$21,801,694$19,749,456$19,168,385$22,576,370
68$23,962,125$20,653,837$19,747,183$24,340,113
69$26,340,923$21,600,537$20,343,376$26,266,193
70$28,960,301$22,591,567$20,957,483$28,370,578
71$31,844,733$23,629,035$21,590,039$30,670,844
72$35,021,187$24,715,149$22,241,597$33,186,340
73$38,519,380$25,852,223$22,912,722$35,938,365
74$42,372,059$27,042,684$23,604,001$38,950,367
75$46,615,308$28,289,075$24,316,034$42,248,163
76$51,288,889$29,594,059$25,049,441$45,860,179
77$56,436,619$30,960,431$25,804,859$49,817,713
78$62,106,778$32,391,116$26,582,947$54,155,230
79$68,352,574$33,889,185$27,384,380$58,910,683
80$75,232,634$35,457,853$28,209,854$64,125,866
81$82,811,565$37,100,490$29,060,087$69,846,808
82$91,160,561$38,820,631$29,935,816$76,124,201
83$100,358,075$40,621,978$30,837,802$83,013,877
84$110,490,558$42,508,414$31,766,828$90,577,328
85$121,653,276$44,484,008$32,723,698$98,882,283
86$133,951,212$46,553,026$33,709,244$108,003,347
87$147,500,050$48,719,938$34,724,317$118,022,694
88$162,427,272$50,989,433$35,769,799$129,030,843
89$178,873,361$53,366,422$36,846,595$141,127,506
90$196,993,124$55,856,057$37,955,636$154,422,523
91$216,957,156$58,463,737$39,097,883$169,036,895
92$238,953,446$61,195,120$40,274,323$185,103,920
93$263,189,159$64,056,142$41,485,973$202,770,447
94$289,892,581$67,053,021$42,733,881$222,198,254
95$319,315,283$70,192,278$44,019,125$243,565,571
96$351,734,491$73,480,749$45,342,815$267,068,754
97$387,455,704$76,925,600$46,706,094$292,924,134
98$426,815,576$80,534,344$48,110,138$321,370,052
99$470,185,095$84,314,858$49,556,158$352,669,100
100$517,973,086$88,275,398$51,045,401$387,110,595