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%12.7%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,434,944
2 years$744,029$730,172$716,743$703,722$691,092$674,633
3 years$491,092$477,176$463,780$450,882$438,457$422,399
4 years$364,649$350,775$337,513$324,835$312,711$297,178
5 years$288,802$275,012$261,924$249,504$237,718$222,755
6 years$238,255$224,568$211,674$199,531$188,098$173,724
7 years$202,163$188,592$175,902$164,045$152,974$139,195
8 years$175,107$161,658$149,179$137,613$126,907$113,721
9 years$154,074$140,752$128,487$117,216$106,874$94,276
10 years$137,258$124,066$112,018$101,041$91,062$79,044
11 years$123,508$110,449$98,619$87,936$78,316$66,869
12 years$112,059$99,133$87,522$77,132$67,867$56,977
13 years$102,378$89,587$78,195$68,096$59,182$48,836
14 years$94,087$81,432$70,259$60,448$51,878$42,063
15 years$86,908$74,390$63,434$53,909$45,678$36,376
16 years$80,633$68,251$57,512$48,270$40,370$31,567
17 years$75,102$62,857$52,334$43,370$35,795$27,474
18 years$70,190$58,083$47,774$39,085$31,827$23,970
19 years$65,801$53,830$43,735$35,317$28,368$20,959
20 years$61,856$50,022$40,138$31,986$25,339$18,359
21 years$58,291$46,593$36,919$29,029$22,676$16,107
22 years$55,055$43,493$34,027$26,394$20,325$14,151
23 years$52,104$40,678$31,417$24,038$18,245$12,448
24 years$49,403$38,113$29,056$21,924$16,399$10,960
25 years$46,922$35,767$26,912$20,022$14,757$9,660
26 years$44,636$33,615$24,959$18,307$13,292$8,520
27 years$42,523$31,636$23,177$16,757$11,984$7,521
28 years$40,564$29,810$21,546$15,353$10,814$6,642
29 years$38,743$28,123$20,050$14,079$9,764$5,870
30 years$37,047$26,559$18,676$12,921$8,823$5,189
31 years$35,464$25,107$17,411$11,867$7,977$4,590
32 years$33,982$23,756$16,245$10,906$7,215$4,061
33 years$32,594$22,498$15,168$10,029$6,530$3,594
34 years$31,289$21,323$14,172$9,228$5,912$3,182
35 years$30,062$20,224$13,250$8,494$5,355$2,818
36 years$28,906$19,196$12,395$7,823$4,852$2,496
37 years$27,815$18,231$11,601$7,208$4,397$2,212
38 years$26,783$17,326$10,864$6,644$3,987$1,960
39 years$25,807$16,476$10,179$6,126$3,615$1,737
40 years$24,882$15,675$9,540$5,650$3,279$1,539
41 years$24,005$14,921$8,946$5,213$2,975$1,365
42 years$23,171$14,211$8,392$4,811$2,699$1,210
43 years$22,379$13,540$7,874$4,441$2,450$1,073
44 years$21,624$12,906$7,391$4,101$2,224$951
45 years$20,905$12,307$6,940$3,787$2,019$843
46 years$20,220$11,741$6,518$3,498$1,833$748
47 years$19,565$11,204$6,124$3,232$1,664$663
48 years$18,940$10,696$5,755$2,986$1,511$588
49 years$18,342$10,214$5,409$2,760$1,373$522
50 years$17,770$9,757$5,085$2,551$1,247$463

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 $5,797 every year, while hoping to spend $38,462 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: 59/35/6 Blend
65$18,200,000$18,200,000$18,200,000$18,200,000
66$20,062,380$19,097,780$18,815,680$21,222,194
67$22,067,819$19,992,648$19,405,082$22,894,911
68$24,276,524$20,930,075$20,012,939$24,712,939
69$26,709,188$21,912,107$20,639,831$26,694,140
70$29,388,611$22,940,886$21,286,352$28,854,164
71$32,339,921$24,018,661$21,953,116$31,210,210
72$35,590,805$25,147,788$22,640,758$33,781,185
73$39,171,774$26,330,736$23,349,930$36,587,874
74$43,116,450$27,570,097$24,081,307$39,653,130
75$47,461,880$28,868,584$24,835,583$43,002,082
76$52,248,892$30,229,045$25,613,476$46,662,363
77$57,522,476$31,654,465$26,415,724$50,664,366
78$63,332,207$33,147,972$27,243,089$55,041,523
79$69,732,717$34,712,848$28,096,358$59,830,606
80$76,784,209$36,352,532$28,976,341$65,072,072
81$84,553,025$38,070,632$29,883,874$70,810,429
82$93,112,269$39,870,929$30,819,819$77,094,654
83$102,542,504$41,757,388$31,785,067$83,978,635
84$112,932,505$43,734,166$32,780,532$91,521,677
85$124,380,102$45,805,622$33,807,162$99,789,045
86$136,993,101$47,976,326$34,865,931$108,852,572
87$150,890,303$50,251,071$35,957,845$118,791,321
88$166,202,622$52,634,882$37,083,941$129,692,320
89$183,074,325$55,133,027$38,245,288$141,651,370
90$201,664,392$57,751,031$39,442,991$154,773,931
91$222,148,014$60,494,686$40,678,186$169,176,109
92$244,718,253$63,370,066$41,952,046$184,985,730
93$269,587,857$66,383,542$43,265,781$202,343,533
94$296,991,273$69,541,790$44,620,640$221,404,481
95$327,186,859$72,851,814$46,017,908$242,339,204
96$360,459,324$76,320,958$47,458,912$265,335,591
97$397,122,410$79,956,921$48,945,022$290,600,546
98$437,521,864$83,767,777$50,477,647$318,361,916
99$482,038,689$87,761,994$52,058,244$348,870,622
100$531,092,754$91,948,450$53,688,314$382,403,008