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%18.4%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,409,736
2 years$748,117$734,184$720,681$707,589$694,889$645,484
3 years$493,791$479,798$466,328$453,359$440,866$393,138
4 years$366,652$352,702$339,368$326,620$314,430$268,744
5 years$290,389$276,523$263,363$250,875$239,024$195,502
6 years$239,564$225,802$212,837$200,627$189,132$147,807
7 years$203,274$189,628$176,868$164,946$153,815$114,682
8 years$176,069$162,546$149,998$138,369$127,604$90,633
9 years$154,921$141,526$129,193$117,860$107,461$72,605
10 years$138,012$124,748$112,634$101,597$91,562$58,766
11 years$124,187$111,056$99,161$88,419$78,747$47,945
12 years$112,674$99,678$88,003$77,556$68,240$39,364
13 years$102,940$90,079$78,625$68,470$59,507$32,480
14 years$94,604$81,880$70,645$60,780$52,163$26,909
15 years$87,386$74,799$63,783$54,205$45,929$22,367
16 years$81,076$68,626$57,828$48,535$40,592$18,641
17 years$75,514$63,202$52,621$43,608$35,992$15,570
18 years$70,576$58,402$48,037$39,300$32,002$13,029
19 years$66,163$54,126$43,975$35,511$28,524$10,919
20 years$62,196$50,297$40,358$32,162$25,478$9,162
21 years$58,611$46,849$37,122$29,189$22,800$7,696
22 years$55,357$43,732$34,214$26,539$20,437$6,470
23 years$52,390$40,902$31,590$24,170$18,346$5,444
24 years$49,675$38,322$29,216$22,044$16,489$4,583
25 years$47,180$35,964$27,059$20,132$14,838$3,860
26 years$44,881$33,800$25,096$18,408$13,365$3,253
27 years$42,756$31,810$23,304$16,849$12,050$2,742
28 years$40,787$29,974$21,664$15,437$10,873$2,312
29 years$38,956$28,277$20,160$14,156$9,818$1,950
30 years$37,251$26,705$18,779$12,992$8,871$1,645
31 years$35,659$25,245$17,507$11,932$8,020$1,388
32 years$34,169$23,887$16,334$10,966$7,255$1,171
33 years$32,773$22,621$15,251$10,084$6,566$989
34 years$31,461$21,440$14,250$9,278$5,945$834
35 years$30,227$20,335$13,323$8,541$5,384$704
36 years$29,065$19,301$12,463$7,866$4,878$595
37 years$27,967$18,332$11,665$7,248$4,421$502
38 years$26,930$17,422$10,924$6,680$4,008$424
39 years$25,949$16,566$10,235$6,160$3,635$358
40 years$25,019$15,761$9,593$5,681$3,297$302
41 years$24,137$15,003$8,995$5,242$2,991$255
42 years$23,299$14,289$8,438$4,838$2,714$216
43 years$22,502$13,614$7,918$4,466$2,463$182
44 years$21,743$12,977$7,432$4,123$2,236$154
45 years$21,020$12,375$6,978$3,808$2,030$130
46 years$20,331$11,805$6,554$3,517$1,843$110
47 years$19,673$11,266$6,158$3,250$1,674$93
48 years$19,044$10,755$5,786$3,003$1,520$78
49 years$18,443$10,270$5,439$2,775$1,380$66
50 years$17,867$9,810$5,113$2,565$1,254$56

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 $6,336 every year, while hoping to spend $38,823 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: 67/7/26 Blend
65$18,300,000$18,300,000$18,300,000$18,300,000
66$20,173,136$19,203,236$18,919,586$21,388,082
67$22,189,488$20,102,887$19,512,084$23,105,958
68$24,410,207$21,045,320$20,123,131$24,979,106
69$26,856,098$22,032,590$20,753,305$27,026,942
70$29,550,084$23,066,851$21,403,205$29,266,712
71$32,517,430$24,150,364$22,073,449$31,717,400
72$35,785,971$25,285,495$22,764,674$34,399,906
73$39,386,385$26,474,729$23,477,535$37,337,235
74$43,352,473$27,720,668$24,212,709$40,554,721
75$47,721,486$29,026,041$24,970,895$44,080,254
76$52,534,470$30,393,709$25,752,813$47,944,544
77$57,836,658$31,826,674$26,559,205$52,181,408
78$63,677,896$33,328,079$27,390,836$56,828,086
79$70,113,109$34,901,223$28,248,497$61,925,587
80$77,202,827$36,549,563$29,133,002$67,519,074
81$85,013,748$38,276,724$30,045,191$73,658,285
82$93,619,374$40,086,508$30,985,929$80,398,004
83$103,100,703$41,982,899$31,956,110$87,798,564
84$113,546,989$43,970,076$32,956,654$95,926,422
85$125,056,593$46,052,421$33,988,513$104,854,777
86$137,737,902$48,234,526$35,052,664$114,664,258
87$151,710,359$50,521,209$36,150,120$125,443,679
88$167,105,587$52,917,519$37,281,920$137,290,874
89$184,068,633$55,428,754$38,449,140$150,313,613
90$202,759,335$58,060,464$39,652,888$164,630,619
91$223,353,833$60,818,473$40,894,306$180,372,676
92$246,046,231$63,708,885$42,174,572$197,683,865
93$271,050,428$66,738,102$43,494,902$216,722,913
94$298,602,139$69,912,837$44,856,549$237,664,687
95$328,961,119$73,240,127$46,260,804$260,701,838
96$362,413,613$76,727,354$47,709,002$286,046,615
97$399,275,064$80,382,256$49,202,515$313,932,857
98$439,893,083$84,212,949$50,742,762$344,618,198
99$484,650,737$88,227,943$52,331,204$378,386,490
100$533,970,161$92,436,161$53,969,349$415,550,471