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

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 $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%19.9%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,378,396
2 years$735,853$722,148$708,867$695,989$683,498$626,829
3 years$485,696$471,932$458,684$445,927$433,639$379,034
4 years$360,642$346,920$333,804$321,265$309,275$257,150
5 years$285,629$271,990$259,046$246,762$235,106$185,593
6 years$235,636$222,100$209,347$197,338$186,031$139,162
7 years$199,942$186,519$173,969$162,242$151,293$107,051
8 years$173,183$159,881$147,539$136,101$125,512$83,852
9 years$152,381$139,205$127,076$115,928$105,700$66,558
10 years$135,750$122,703$110,787$99,931$90,061$53,362
11 years$122,151$109,235$97,535$86,970$77,456$43,114
12 years$110,827$98,044$86,560$76,284$67,122$35,044
13 years$101,253$88,603$77,336$67,348$58,531$28,621
14 years$93,053$80,537$69,487$59,784$51,308$23,464
15 years$85,953$73,572$62,737$53,317$45,176$19,296
16 years$79,747$67,501$56,880$47,739$39,926$15,908
17 years$74,276$62,166$51,759$42,893$35,402$13,141
18 years$69,419$57,444$47,249$38,655$31,477$10,873
19 years$65,078$53,239$43,254$34,929$28,057$9,009
20 years$61,176$49,472$39,697$31,634$25,061$7,473
21 years$57,651$46,081$36,513$28,710$22,426$6,205
22 years$54,450$43,015$33,653$26,104$20,102$5,156
23 years$51,531$40,231$31,072$23,774$18,045$4,287
24 years$48,860$37,694$28,737$21,683$16,219$3,566
25 years$46,407$35,374$26,616$19,802$14,595$2,968
26 years$44,146$33,246$24,685$18,106$13,146$2,471
27 years$42,055$31,288$22,922$16,573$11,853$2,058
28 years$40,118$29,483$21,309$15,184$10,695$1,714
29 years$38,318$27,814$19,830$13,924$9,657$1,428
30 years$36,640$26,267$18,471$12,779$8,726$1,190
31 years$35,074$24,831$17,220$11,737$7,889$992
32 years$33,609$23,495$16,066$10,786$7,136$827
33 years$32,235$22,250$15,001$9,919$6,458$689
34 years$30,945$21,088$14,016$9,126$5,847$574
35 years$29,732$20,002$13,104$8,401$5,296$479
36 years$28,588$18,985$12,259$7,737$4,798$399
37 years$27,509$18,031$11,474$7,129$4,349$333
38 years$26,489$17,136$10,745$6,571$3,943$278
39 years$25,524$16,295$10,067$6,059$3,575$232
40 years$24,609$15,503$9,436$5,588$3,243$193
41 years$23,741$14,757$8,848$5,156$2,942$161
42 years$22,917$14,054$8,299$4,758$2,670$134
43 years$22,133$13,391$7,788$4,392$2,423$112
44 years$21,387$12,764$7,310$4,056$2,199$93
45 years$20,676$12,172$6,864$3,745$1,997$78
46 years$19,997$11,612$6,447$3,460$1,813$65
47 years$19,350$11,081$6,057$3,196$1,646$54
48 years$18,732$10,578$5,692$2,954$1,495$45
49 years$18,140$10,102$5,350$2,730$1,358$38
50 years$17,574$9,650$5,030$2,523$1,233$31

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 $2,723 every year, while hoping to spend $38,722 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
65$18,000,000$18,000,000$18,000,000$18,000,000
66$19,838,809$18,884,809$18,605,809$20,564,586
67$21,821,167$19,768,964$19,187,903$21,963,925
68$24,004,429$20,695,146$19,788,201$23,475,111
69$26,409,044$21,665,372$20,407,269$25,111,629
70$29,057,549$22,681,758$21,045,695$26,885,069
71$31,974,778$23,746,522$21,704,084$28,808,151
72$35,188,094$24,861,991$22,383,060$30,894,837
73$38,727,654$26,030,602$23,083,267$33,160,457
74$42,626,685$27,254,913$23,805,367$35,621,849
75$46,921,805$28,537,601$24,550,044$38,297,501
76$51,653,364$29,881,478$25,318,006$41,207,727
77$56,865,826$31,289,490$26,109,978$44,374,844
78$62,608,190$32,764,724$26,926,712$47,823,374
79$68,934,449$34,310,420$27,768,980$51,580,269
80$75,904,104$35,929,972$28,637,582$55,675,151
81$83,582,721$37,626,939$29,533,340$60,140,583
82$92,042,554$39,405,054$30,457,102$65,012,368
83$101,363,223$41,268,231$31,409,744$70,329,869
84$111,632,469$43,220,571$32,392,168$76,136,375
85$122,946,979$45,266,378$33,405,304$82,479,493
86$135,413,301$47,410,160$34,450,112$89,411,588
87$149,148,849$49,656,649$35,527,581$96,990,257
88$164,283,009$52,010,802$36,638,733$105,278,865
89$180,958,364$54,477,820$37,784,619$114,347,125
90$199,332,038$57,063,154$38,966,324$124,271,739
91$219,577,179$59,772,521$40,184,968$135,137,110
92$241,884,591$62,611,915$41,441,705$147,036,115
93$266,464,542$65,587,621$42,737,725$160,070,969
94$293,548,741$68,706,230$44,074,254$174,354,171
95$323,392,530$71,974,653$45,452,559$190,009,540
96$356,277,293$75,400,135$46,873,944$207,173,371
97$392,513,111$78,990,276$48,339,756$225,995,696
98$432,441,692$82,753,044$49,851,381$246,641,677
99$476,439,594$86,696,792$51,410,252$269,293,143
100$524,921,781$90,830,283$53,017,844$294,150,281