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%13.2%
1 years$1,494,681$1,481,367$1,468,378$1,455,699$1,443,319$1,424,103
2 years$739,941$726,160$712,805$699,855$687,295$667,966
3 years$488,394$474,554$461,232$448,404$436,048$417,207
4 years$362,645$348,847$335,659$323,050$310,993$292,785
5 years$287,216$273,501$260,485$248,133$236,412$218,889
6 years$236,946$223,334$210,510$198,434$187,065$170,249
7 years$201,052$187,555$174,935$163,144$152,134$136,031
8 years$174,145$160,770$148,359$136,857$126,210$110,817
9 years$153,228$139,979$127,782$116,572$106,287$91,599
10 years$136,504$123,384$111,403$100,486$90,562$76,567
11 years$122,830$109,842$98,077$87,453$77,886$64,572
12 years$111,443$98,588$87,041$76,708$67,494$54,845
13 years$101,815$89,095$77,765$67,722$58,856$46,856
14 years$93,570$80,985$69,873$60,116$51,593$40,223
15 years$86,431$73,981$63,086$53,613$45,427$34,668
16 years$80,190$67,876$57,196$48,004$40,148$29,980
17 years$74,689$62,512$52,046$43,132$35,598$26,001
18 years$69,805$57,763$47,512$38,870$31,652$22,604
19 years$65,440$53,535$43,495$35,123$28,212$19,692
20 years$61,516$49,747$39,917$31,810$25,200$17,186
21 years$57,971$46,337$36,716$28,870$22,551$15,022
22 years$54,752$43,254$33,840$26,249$20,214$13,148
23 years$51,818$40,455$31,245$23,906$18,145$11,521
24 years$49,132$37,903$28,896$21,803$16,309$10,105
25 years$46,665$35,571$26,764$19,912$14,676$8,871
26 years$44,391$33,431$24,822$18,207$13,219$7,794
27 years$42,289$31,462$23,049$16,665$11,918$6,852
28 years$40,341$29,647$21,427$15,269$10,754$6,027
29 years$38,530$27,968$19,940$14,002$9,711$5,305
30 years$36,844$26,413$18,573$12,850$8,774$4,671
31 years$35,269$24,969$17,315$11,802$7,933$4,114
32 years$33,796$23,626$16,156$10,846$7,176$3,625
33 years$32,414$22,374$15,085$9,974$6,494$3,195
34 years$31,117$21,205$14,094$9,177$5,880$2,817
35 years$29,897$20,113$13,177$8,448$5,325$2,484
36 years$28,747$19,090$12,327$7,780$4,825$2,191
37 years$27,662$18,131$11,538$7,168$4,373$1,933
38 years$26,636$17,231$10,805$6,607$3,965$1,706
39 years$25,665$16,385$10,123$6,092$3,595$1,505
40 years$24,746$15,589$9,488$5,619$3,261$1,328
41 years$23,873$14,839$8,897$5,184$2,959$1,172
42 years$23,044$14,133$8,345$4,785$2,685$1,035
43 years$22,256$13,465$7,831$4,417$2,436$914
44 years$21,505$12,835$7,351$4,078$2,212$807
45 years$20,790$12,240$6,902$3,766$2,008$712
46 years$20,109$11,676$6,483$3,479$1,823$629
47 years$19,458$11,143$6,090$3,214$1,655$555
48 years$18,836$10,637$5,723$2,970$1,503$490
49 years$18,241$10,158$5,379$2,745$1,365$433
50 years$17,672$9,703$5,058$2,537$1,240$383

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 $5,336 every year, while hoping to spend $35,461 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: 80/14/6 Blend
65$18,100,000$18,100,000$18,100,000$18,100,000
66$19,951,704$18,992,404$18,711,854$21,538,471
67$21,949,048$19,885,302$19,300,971$23,470,902
68$24,148,932$20,820,763$19,908,635$25,585,491
69$26,571,978$21,800,835$20,535,429$27,904,561
70$29,240,911$22,827,667$21,181,957$30,448,498
71$32,180,770$23,903,509$21,848,839$33,239,747
72$35,419,149$25,030,722$22,536,716$36,303,022
73$38,986,456$26,211,780$23,246,249$39,665,533
74$42,916,196$27,449,279$23,978,120$43,357,244
75$47,245,292$28,745,939$24,733,032$47,411,148
76$52,014,434$30,104,611$25,511,710$51,863,582
77$57,268,457$31,528,288$26,314,902$56,754,557
78$63,056,769$33,020,103$27,143,381$62,128,142
79$69,433,817$34,583,347$27,997,943$68,032,869
80$76,459,600$36,221,464$28,879,408$74,522,188
81$84,200,235$37,938,071$29,788,623$81,654,974
82$92,728,579$39,736,957$30,726,462$89,496,068
83$102,124,922$41,622,095$31,693,826$98,116,893
84$112,477,739$43,597,654$32,691,645$107,596,118
85$123,884,531$45,668,001$33,720,877$118,020,402
86$136,452,738$47,837,718$34,782,511$129,485,198
87$150,300,760$50,111,608$35,877,568$142,095,656
88$165,559,070$52,494,710$37,007,099$155,967,606
89$182,371,448$54,992,304$38,172,190$171,228,649
90$200,896,337$57,609,928$39,373,960$188,019,350
91$221,308,339$60,353,391$40,613,564$206,494,563
92$243,799,864$63,228,781$41,892,192$226,824,886
93$268,582,944$66,242,485$43,211,074$249,198,259
94$295,891,236$69,401,198$44,571,477$273,821,737
95$325,982,228$72,711,943$45,974,707$300,923,434
96$359,139,669$76,182,082$47,422,114$330,754,668
97$395,676,247$79,819,336$48,915,086$363,592,327
98$435,936,543$83,631,802$50,455,060$399,741,468
99$480,300,280$87,627,970$52,043,515$439,538,198
100$529,185,912$91,816,744$53,681,976$483,352,826