Can I retire at age 66 with 18,100,000?

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 $18,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,494,681$1,481,367$1,468,378$1,455,699$1,443,319$1,397,118
2 years$739,941$726,160$712,805$699,855$687,295$641,174
3 years$488,394$474,554$461,232$448,404$436,048$391,455
4 years$362,645$348,847$335,659$323,050$310,993$268,269
5 years$287,216$273,501$260,485$248,133$236,412$195,672
6 years$236,946$223,334$210,510$198,434$187,065$148,342
7 years$201,052$187,555$174,935$163,144$152,134$115,426
8 years$174,145$160,770$148,359$136,857$126,210$91,490
9 years$153,228$139,979$127,782$116,572$106,287$73,517
10 years$136,504$123,384$111,403$100,486$90,562$59,691
11 years$122,830$109,842$98,077$87,453$77,886$48,858
12 years$111,443$98,588$87,041$76,708$67,494$40,246
13 years$101,815$89,095$77,765$67,722$58,856$33,322
14 years$93,570$80,985$69,873$60,116$51,593$27,702
15 years$86,431$73,981$63,086$53,613$45,427$23,108
16 years$80,190$67,876$57,196$48,004$40,148$19,328
17 years$74,689$62,512$52,046$43,132$35,598$16,204
18 years$69,805$57,763$47,512$38,870$31,652$13,610
19 years$65,440$53,535$43,495$35,123$28,212$11,449
20 years$61,516$49,747$39,917$31,810$25,200$9,644
21 years$57,971$46,337$36,716$28,870$22,551$8,132
22 years$54,752$43,254$33,840$26,249$20,214$6,863
23 years$51,818$40,455$31,245$23,906$18,145$5,797
24 years$49,132$37,903$28,896$21,803$16,309$4,900
25 years$46,665$35,571$26,764$19,912$14,676$4,144
26 years$44,391$33,431$24,822$18,207$13,219$3,506
27 years$42,289$31,462$23,049$16,665$11,918$2,967
28 years$40,341$29,647$21,427$15,269$10,754$2,512
29 years$38,530$27,968$19,940$14,002$9,711$2,127
30 years$36,844$26,413$18,573$12,850$8,774$1,802
31 years$35,269$24,969$17,315$11,802$7,933$1,527
32 years$33,796$23,626$16,156$10,846$7,176$1,294
33 years$32,414$22,374$15,085$9,974$6,494$1,097
34 years$31,117$21,205$14,094$9,177$5,880$929
35 years$29,897$20,113$13,177$8,448$5,325$788
36 years$28,747$19,090$12,327$7,780$4,825$668
37 years$27,662$18,131$11,538$7,168$4,373$566
38 years$26,636$17,231$10,805$6,607$3,965$480
39 years$25,665$16,385$10,123$6,092$3,595$407
40 years$24,746$15,589$9,488$5,619$3,261$345
41 years$23,873$14,839$8,897$5,184$2,959$293
42 years$23,044$14,133$8,345$4,785$2,685$248
43 years$22,256$13,465$7,831$4,417$2,436$211
44 years$21,505$12,835$7,351$4,078$2,212$179
45 years$20,790$12,240$6,902$3,766$2,008$151
46 years$20,109$11,676$6,483$3,479$1,823$128
47 years$19,458$11,143$6,090$3,214$1,655$109
48 years$18,836$10,637$5,723$2,970$1,503$92
49 years$18,241$10,158$5,379$2,745$1,365$78
50 years$17,672$9,703$5,058$2,537$1,240$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $18,100,000, adding $2,013 every year, while hoping to spend $26,096 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: 31/48/21 Blend
65$18,100,000$18,100,000$18,100,000$18,100,000
66$19,948,276$18,988,976$18,708,426$20,436,314
67$21,955,235$19,891,670$19,307,393$21,708,307
68$24,166,028$20,837,722$19,925,550$23,074,131
69$26,601,420$21,829,227$20,563,513$24,543,868
70$29,284,292$22,868,386$21,221,917$26,126,583
71$32,239,856$23,957,504$21,901,418$27,832,191
72$35,495,898$25,098,998$22,602,692$29,671,547
73$39,083,035$26,295,404$23,326,438$31,656,541
74$43,035,006$27,549,381$24,073,375$33,800,193
75$47,388,992$28,863,715$24,844,248$36,116,769
76$52,185,963$30,241,332$25,639,825$38,621,906
77$57,471,069$31,685,295$26,460,897$41,332,741
78$63,294,064$33,198,819$27,308,282$44,268,069
79$69,709,773$34,785,277$28,182,825$47,448,499
80$76,778,616$36,448,201$29,085,395$50,896,641
81$84,567,172$38,191,300$30,016,893$54,637,302
82$93,148,811$40,018,461$30,978,246$58,697,705
83$102,604,383$41,933,759$31,970,411$63,107,730
84$113,022,988$43,941,471$32,994,378$67,900,182
85$124,502,809$46,046,079$34,051,165$73,111,083
86$137,152,042$48,252,284$35,141,827$78,779,989
87$151,089,921$50,565,017$36,267,448$84,950,352
88$166,447,838$52,989,447$37,429,152$91,669,904
89$183,370,584$55,530,997$38,628,096$98,991,090
90$202,017,720$58,195,352$39,865,473$106,971,543
91$222,565,079$60,988,475$41,142,518$115,674,600
92$245,206,427$63,916,621$42,460,502$125,169,880
93$270,155,294$66,986,346$43,820,740$135,533,918
94$297,646,986$70,204,530$45,224,587$146,850,855
95$327,940,810$73,578,383$46,673,443$159,213,212
96$361,322,520$77,115,471$48,168,750$172,722,730
97$398,107,014$80,823,727$49,712,001$187,491,302
98$438,641,309$84,711,469$51,304,732$203,642,000
99$483,307,814$88,787,423$52,948,533$221,310,201
100$532,527,944$93,060,739$54,645,041$240,644,830