Can I retire at age 66 with 18,200,000?

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 $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,424,906
2 years$744,029$730,172$716,743$703,722$691,092$664,602
3 years$491,092$477,176$463,780$450,882$438,457$412,689
4 years$364,649$350,775$337,513$324,835$312,711$287,864
5 years$288,802$275,012$261,924$249,504$237,718$213,863
6 years$238,255$224,568$211,674$199,531$188,098$165,261
7 years$202,163$188,592$175,902$164,045$152,974$131,162
8 years$175,107$161,658$149,179$137,613$126,907$106,114
9 years$154,074$140,752$128,487$117,216$106,874$87,088
10 years$137,258$124,066$112,018$101,041$91,062$72,265
11 years$123,508$110,449$98,619$87,936$78,316$60,487
12 years$112,059$99,133$87,522$77,132$67,867$50,982
13 years$102,378$89,587$78,195$68,096$59,182$43,213
14 years$94,087$81,432$70,259$60,448$51,878$36,798
15 years$86,908$74,390$63,434$53,909$45,678$31,456
16 years$80,633$68,251$57,512$48,270$40,370$26,976
17 years$75,102$62,857$52,334$43,370$35,795$23,196
18 years$70,190$58,083$47,774$39,085$31,827$19,992
19 years$65,801$53,830$43,735$35,317$28,368$17,264
20 years$61,856$50,022$40,138$31,986$25,339$14,933
21 years$58,291$46,593$36,919$29,029$22,676$12,935
22 years$55,055$43,493$34,027$26,394$20,325$11,217
23 years$52,104$40,678$31,417$24,038$18,245$9,738
24 years$49,403$38,113$29,056$21,924$16,399$8,462
25 years$46,922$35,767$26,912$20,022$14,757$7,359
26 years$44,636$33,615$24,959$18,307$13,292$6,404
27 years$42,523$31,636$23,177$16,757$11,984$5,576
28 years$40,564$29,810$21,546$15,353$10,814$4,857
29 years$38,743$28,123$20,050$14,079$9,764$4,233
30 years$37,047$26,559$18,676$12,921$8,823$3,691
31 years$35,464$25,107$17,411$11,867$7,977$3,219
32 years$33,982$23,756$16,245$10,906$7,215$2,808
33 years$32,594$22,498$15,168$10,029$6,530$2,450
34 years$31,289$21,323$14,172$9,228$5,912$2,139
35 years$30,062$20,224$13,250$8,494$5,355$1,867
36 years$28,906$19,196$12,395$7,823$4,852$1,630
37 years$27,815$18,231$11,601$7,208$4,397$1,424
38 years$26,783$17,326$10,864$6,644$3,987$1,243
39 years$25,807$16,476$10,179$6,126$3,615$1,086
40 years$24,882$15,675$9,540$5,650$3,279$949
41 years$24,005$14,921$8,946$5,213$2,975$829
42 years$23,171$14,211$8,392$4,811$2,699$724
43 years$22,379$13,540$7,874$4,441$2,450$633
44 years$21,624$12,906$7,391$4,101$2,224$553
45 years$20,905$12,307$6,940$3,787$2,019$483
46 years$20,220$11,741$6,518$3,498$1,833$422
47 years$19,565$11,204$6,124$3,232$1,664$369
48 years$18,940$10,696$5,755$2,986$1,511$322
49 years$18,342$10,214$5,409$2,760$1,373$282
50 years$17,770$9,757$5,085$2,551$1,247$246

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $18,200,000, adding $5,574 every year, while hoping to spend $43,330 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: 81/11/8 Blend
65$18,200,000$18,200,000$18,200,000$18,200,000
66$20,062,150$19,097,550$18,815,450$21,666,682
67$22,062,386$19,987,227$19,399,664$23,607,798
68$24,265,194$20,919,046$20,001,998$25,731,524
69$26,691,191$21,895,026$20,623,012$28,061,117
70$29,363,095$22,917,284$21,263,285$30,617,148
71$32,305,938$23,988,039$21,923,413$33,422,267
72$35,547,308$25,109,617$22,604,011$36,501,419
73$39,117,601$26,284,456$23,305,714$39,882,069
74$43,050,315$27,515,113$24,029,174$43,594,468
75$47,382,362$28,804,268$24,775,066$47,671,930
76$52,154,416$30,154,731$25,544,084$52,151,142
77$57,411,300$31,569,446$26,336,944$57,072,513
78$63,202,406$33,051,502$27,154,385$62,480,550
79$69,582,162$34,604,136$27,997,167$68,424,273
80$76,610,546$36,230,743$28,866,076$74,957,675
81$84,353,652$37,934,879$29,761,919$82,140,232
82$92,884,313$39,720,276$30,685,532$90,037,455
83$102,282,788$41,590,846$31,637,773$98,721,509
84$112,637,523$43,550,688$32,619,529$108,271,886
85$124,045,981$45,604,101$33,631,713$118,776,157
86$136,615,563$47,755,594$34,675,267$130,330,790
87$150,464,624$50,009,892$35,751,163$143,042,055
88$165,723,590$52,371,951$36,860,401$157,027,027
89$182,536,184$54,846,965$38,004,012$172,414,684
90$201,060,790$57,440,381$39,183,062$189,347,116
91$221,471,942$60,157,912$40,398,646$207,980,868
92$243,961,975$63,005,544$41,651,895$228,488,405
93$268,742,837$65,989,557$42,943,975$251,059,739
94$296,048,095$69,116,533$44,276,087$275,904,214
95$326,135,134$72,393,377$45,649,469$303,252,477
96$359,287,591$75,827,325$47,065,399$333,358,649
97$395,818,028$79,425,967$48,525,192$366,502,714
98$436,070,887$83,197,260$50,030,207$402,993,160
99$480,425,740$87,149,548$51,581,841$443,169,877
100$529,300,870$91,291,580$53,181,537$487,407,362