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

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 $18,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,494,681$1,481,367$1,468,378$1,455,699$1,443,319$1,423,514
2 years$739,941$726,160$712,805$699,855$687,295$667,377
3 years$488,394$474,554$461,232$448,404$436,048$416,636
4 years$362,645$348,847$335,659$323,050$310,993$292,236
5 years$287,216$273,501$260,485$248,133$236,412$218,365
6 years$236,946$223,334$210,510$198,434$187,065$169,749
7 years$201,052$187,555$174,935$163,144$152,134$135,556
8 years$174,145$160,770$148,359$136,857$126,210$110,367
9 years$153,228$139,979$127,782$116,572$106,287$91,172
10 years$136,504$123,384$111,403$100,486$90,562$76,164
11 years$122,830$109,842$98,077$87,453$77,886$64,192
12 years$111,443$98,588$87,041$76,708$67,494$54,488
13 years$101,815$89,095$77,765$67,722$58,856$46,520
14 years$93,570$80,985$69,873$60,116$51,593$39,908
15 years$86,431$73,981$63,086$53,613$45,427$34,373
16 years$80,190$67,876$57,196$48,004$40,148$29,705
17 years$74,689$62,512$52,046$43,132$35,598$25,744
18 years$69,805$57,763$47,512$38,870$31,652$22,365
19 years$65,440$53,535$43,495$35,123$28,212$19,470
20 years$61,516$49,747$39,917$31,810$25,200$16,979
21 years$57,971$46,337$36,716$28,870$22,551$14,830
22 years$54,752$43,254$33,840$26,249$20,214$12,970
23 years$51,818$40,455$31,245$23,906$18,145$11,356
24 years$49,132$37,903$28,896$21,803$16,309$9,953
25 years$46,665$35,571$26,764$19,912$14,676$8,731
26 years$44,391$33,431$24,822$18,207$13,219$7,664
27 years$42,289$31,462$23,049$16,665$11,918$6,733
28 years$40,341$29,647$21,427$15,269$10,754$5,918
29 years$38,530$27,968$19,940$14,002$9,711$5,204
30 years$36,844$26,413$18,573$12,850$8,774$4,578
31 years$35,269$24,969$17,315$11,802$7,933$4,029
32 years$33,796$23,626$16,156$10,846$7,176$3,547
33 years$32,414$22,374$15,085$9,974$6,494$3,124
34 years$31,117$21,205$14,094$9,177$5,880$2,752
35 years$29,897$20,113$13,177$8,448$5,325$2,425
36 years$28,747$19,090$12,327$7,780$4,825$2,137
37 years$27,662$18,131$11,538$7,168$4,373$1,884
38 years$26,636$17,231$10,805$6,607$3,965$1,661
39 years$25,665$16,385$10,123$6,092$3,595$1,464
40 years$24,746$15,589$9,488$5,619$3,261$1,291
41 years$23,873$14,839$8,897$5,184$2,959$1,139
42 years$23,044$14,133$8,345$4,785$2,685$1,004
43 years$22,256$13,465$7,831$4,417$2,436$886
44 years$21,505$12,835$7,351$4,078$2,212$781
45 years$20,790$12,240$6,902$3,766$2,008$689
46 years$20,109$11,676$6,483$3,479$1,823$608
47 years$19,458$11,143$6,090$3,214$1,655$537
48 years$18,836$10,637$5,723$2,970$1,503$473
49 years$18,241$10,158$5,379$2,745$1,365$418
50 years$17,672$9,703$5,058$2,537$1,240$369

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 $2,119 every year, while hoping to spend $24,507 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: 82/7/11 Blend
65$18,100,000$18,100,000$18,100,000$18,100,000
66$19,948,386$18,989,086$18,708,536$21,547,209
67$21,957,046$19,893,476$19,309,196$23,499,575
68$24,169,768$20,841,359$19,929,158$25,639,237
69$26,607,340$21,834,842$20,569,041$27,987,699
70$29,292,671$22,876,132$21,229,486$30,565,895
71$32,251,004$23,967,543$21,911,154$33,396,883
72$35,510,158$25,111,503$22,614,729$36,506,056
73$39,100,786$26,310,559$23,340,914$39,921,380
74$43,056,668$27,567,378$24,090,437$43,673,662
75$47,415,030$28,884,762$24,864,049$47,796,828
76$52,216,892$30,265,644$25,662,523$52,328,251
77$57,507,459$31,713,104$26,486,661$57,309,096
78$63,336,543$33,230,370$27,337,288$62,784,708
79$69,759,038$34,820,826$28,215,255$68,805,035
80$76,835,436$36,488,022$29,121,442$75,425,102
81$84,632,398$38,235,683$30,056,757$82,705,522
82$93,223,382$40,067,710$31,022,138$90,713,068
83$102,689,338$41,988,199$32,018,551$99,521,302
84$113,119,472$44,001,443$33,046,994$109,211,263
85$124,612,089$46,111,944$34,108,499$119,872,228
86$137,275,517$48,324,424$35,204,129$131,602,558
87$151,229,134$50,643,835$36,334,981$144,510,614
88$166,604,492$53,075,370$37,502,190$158,715,783
89$183,546,562$55,624,475$38,706,925$174,349,599
90$202,215,098$58,296,861$39,950,394$191,556,980
91$222,786,149$61,098,518$41,233,842$210,497,590
92$245,453,717$64,035,726$42,558,558$231,347,348
93$270,431,594$67,115,075$43,925,867$254,300,078
94$297,955,375$70,343,472$45,337,142$279,569,336
95$328,284,684$73,728,162$46,793,797$307,390,423
96$361,705,625$77,276,745$48,297,292$338,022,597
97$398,533,483$80,997,190$49,849,135$371,751,519
98$439,115,699$84,897,854$51,450,883$408,891,943
99$483,835,154$88,987,502$53,104,141$449,790,679
100$533,113,777$93,275,327$54,810,567$494,829,866