Can I retire at age 66 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,414,255
2 years$748,117$734,184$720,681$707,589$694,889$649,933
3 years$493,791$479,798$466,328$453,359$440,866$397,377
4 years$366,652$352,702$339,368$326,620$314,430$272,740
5 years$290,389$276,523$263,363$250,875$239,024$199,248
6 years$239,564$225,802$212,837$200,627$189,132$151,302
7 years$203,274$189,628$176,868$164,946$153,815$117,930
8 years$176,069$162,546$149,998$138,369$127,604$93,641
9 years$154,921$141,526$129,193$117,860$107,461$75,382
10 years$138,012$124,748$112,634$101,597$91,562$61,321
11 years$124,187$111,056$99,161$88,419$78,747$50,290
12 years$112,674$99,678$88,003$77,556$68,240$41,508
13 years$102,940$90,079$78,625$68,470$59,507$34,437
14 years$94,604$81,880$70,645$60,780$52,163$28,689
15 years$87,386$74,799$63,783$54,205$45,929$23,982
16 years$81,076$68,626$57,828$48,535$40,592$20,103
17 years$75,514$63,202$52,621$43,608$35,992$16,890
18 years$70,576$58,402$48,037$39,300$32,002$14,218
19 years$66,163$54,126$43,975$35,511$28,524$11,988
20 years$62,196$50,297$40,358$32,162$25,478$10,121
21 years$58,611$46,849$37,122$29,189$22,800$8,554
22 years$55,357$43,732$34,214$26,539$20,437$7,236
23 years$52,390$40,902$31,590$24,170$18,346$6,127
24 years$49,675$38,322$29,216$22,044$16,489$5,191
25 years$47,180$35,964$27,059$20,132$14,838$4,400
26 years$44,881$33,800$25,096$18,408$13,365$3,732
27 years$42,756$31,810$23,304$16,849$12,050$3,166
28 years$40,787$29,974$21,664$15,437$10,873$2,687
29 years$38,956$28,277$20,160$14,156$9,818$2,281
30 years$37,251$26,705$18,779$12,992$8,871$1,937
31 years$35,659$25,245$17,507$11,932$8,020$1,645
32 years$34,169$23,887$16,334$10,966$7,255$1,398
33 years$32,773$22,621$15,251$10,084$6,566$1,188
34 years$31,461$21,440$14,250$9,278$5,945$1,009
35 years$30,227$20,335$13,323$8,541$5,384$858
36 years$29,065$19,301$12,463$7,866$4,878$729
37 years$27,967$18,332$11,665$7,248$4,421$620
38 years$26,930$17,422$10,924$6,680$4,008$527
39 years$25,949$16,566$10,235$6,160$3,635$448
40 years$25,019$15,761$9,593$5,681$3,297$381
41 years$24,137$15,003$8,995$5,242$2,991$324
42 years$23,299$14,289$8,438$4,838$2,714$275
43 years$22,502$13,614$7,918$4,466$2,463$234
44 years$21,743$12,977$7,432$4,123$2,236$199
45 years$21,020$12,375$6,978$3,808$2,030$169
46 years$20,331$11,805$6,554$3,517$1,843$144
47 years$19,673$11,266$6,158$3,250$1,674$122
48 years$19,044$10,755$5,786$3,003$1,520$104
49 years$18,443$10,270$5,439$2,775$1,380$88
50 years$17,867$9,810$5,113$2,565$1,254$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $18,300,000, adding $3,582 every year, while hoping to spend $59,417 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: 62/24/14 Blend
65$18,300,000$18,300,000$18,300,000$18,300,000
66$20,170,295$19,200,395$18,916,745$21,351,813
67$22,164,446$20,077,995$19,487,237$23,023,118
68$24,360,009$20,996,606$20,074,848$24,839,664
69$26,777,465$21,958,175$20,680,091$26,821,188
70$29,439,382$22,964,742$21,303,490$28,983,698
71$32,370,630$24,018,445$21,945,588$31,344,804
72$35,598,611$25,121,525$22,606,942$33,923,872
73$39,153,520$26,276,331$23,288,125$36,742,207
74$43,068,631$27,485,323$23,989,730$39,823,250
75$47,380,610$28,751,082$24,712,364$43,192,789
76$52,129,858$30,076,311$25,456,654$46,879,199
77$57,360,896$31,463,844$26,223,245$50,913,707
78$63,122,786$32,916,650$27,012,801$55,330,676
79$69,469,586$34,437,842$27,826,007$60,167,926
80$76,460,872$36,030,684$28,663,565$65,467,082
81$84,162,287$37,698,594$29,526,202$71,273,963
82$92,646,174$39,445,158$30,414,662$77,639,004
83$101,992,245$41,274,133$31,329,715$84,617,729
84$112,288,345$43,189,456$32,272,152$92,271,260
85$123,631,273$45,195,257$33,242,786$100,666,892
86$136,127,700$47,295,861$34,242,456$109,878,718
87$149,895,172$49,495,805$35,272,025$119,988,319
88$165,063,224$51,799,844$36,332,382$131,085,521
89$181,774,597$54,212,961$37,424,441$143,269,241
90$200,186,591$56,740,380$38,549,145$156,648,402
91$220,472,544$59,387,579$39,707,462$171,342,956
92$242,823,472$62,160,299$40,900,390$187,485,003
93$267,449,871$65,064,559$42,128,958$205,220,026
94$294,583,702$68,106,666$43,394,222$224,708,252
95$324,480,583$71,293,237$44,697,272$246,126,153
96$357,422,200$74,631,203$46,039,229$269,668,096
97$393,718,968$78,127,835$47,421,246$295,548,165
98$433,712,956$81,790,752$48,844,511$324,002,168
99$477,781,122$85,627,944$50,310,247$355,289,846
100$526,338,869$89,647,786$51,819,713$389,697,309