Can I retire at age 66 with 18,400,000?

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,449,508
2 years$752,205$738,196$724,619$711,455$698,687$680,840
3 years$496,489$482,419$468,877$455,836$443,275$425,870
4 years$368,656$354,629$341,222$328,404$316,148$299,318
5 years$291,976$278,034$264,802$252,246$240,331$224,125
6 years$240,873$227,035$214,000$201,723$190,165$174,603
7 years$204,385$190,664$177,835$165,848$154,655$139,743
8 years$177,031$163,434$150,818$139,126$128,302$114,038
9 years$155,768$142,299$129,899$118,504$108,048$94,428
10 years$138,767$125,430$113,249$102,152$92,063$79,076
11 years$124,866$111,663$99,703$88,903$79,177$66,812
12 years$113,290$100,222$88,484$77,980$68,613$56,857
13 years$103,503$90,572$79,054$68,844$59,832$48,670
14 years$95,121$82,327$71,031$61,112$52,448$41,864
15 years$87,863$75,207$64,131$54,501$46,180$36,155
16 years$81,519$69,001$58,144$48,800$40,814$31,332
17 years$75,927$63,548$52,909$43,846$36,188$27,231
18 years$70,962$58,721$48,299$39,514$32,177$23,724
19 years$66,524$54,422$44,216$35,705$28,680$20,713
20 years$62,536$50,571$40,579$32,337$25,617$18,117
21 years$58,932$47,105$37,325$29,348$22,925$15,872
22 years$55,660$43,971$34,400$26,684$20,549$13,923
23 years$52,677$41,125$31,763$24,302$18,446$12,228
24 years$49,946$38,532$29,375$22,165$16,580$10,751
25 years$47,438$36,160$27,207$20,242$14,919$9,460
26 years$45,127$33,985$25,233$18,508$13,439$8,331
27 years$42,990$31,984$23,431$16,941$12,116$7,342
28 years$41,010$30,138$21,783$15,522$10,932$6,474
29 years$39,169$28,432$20,270$14,234$9,872$5,712
30 years$37,454$26,851$18,881$13,063$8,920$5,041
31 years$35,854$25,383$17,602$11,997$8,064$4,452
32 years$34,356$24,017$16,423$11,026$7,295$3,932
33 years$32,952$22,745$15,335$10,139$6,602$3,475
34 years$31,633$21,557$14,328$9,329$5,977$3,071
35 years$30,392$20,446$13,395$8,588$5,414$2,715
36 years$29,223$19,407$12,531$7,909$4,905$2,401
37 years$28,120$18,432$11,729$7,287$4,446$2,123
38 years$27,078$17,517$10,984$6,717$4,030$1,878
39 years$26,091$16,657$10,290$6,193$3,655$1,662
40 years$25,156$15,848$9,645$5,712$3,315$1,470
41 years$24,269$15,085$9,044$5,270$3,008$1,301
42 years$23,426$14,367$8,484$4,864$2,729$1,152
43 years$22,625$13,689$7,961$4,490$2,477$1,019
44 years$21,862$13,048$7,473$4,146$2,248$902
45 years$21,135$12,443$7,017$3,829$2,041$799
46 years$20,442$11,870$6,590$3,537$1,853$707
47 years$19,780$11,327$6,191$3,267$1,683$626
48 years$19,148$10,813$5,818$3,019$1,528$554
49 years$18,543$10,326$5,469$2,790$1,388$491
50 years$17,965$9,864$5,141$2,579$1,261$435

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $18,400,000, adding $3,427 every year, while hoping to spend $50,786 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: 41/48/11 Blend
65$18,400,000$18,400,000$18,400,000$18,400,000
66$20,280,335$19,305,135$19,019,935$21,045,620
67$22,294,893$20,197,051$19,603,067$22,475,202
68$24,513,234$21,130,968$20,204,032$24,016,177
69$26,956,090$22,108,892$20,823,373$25,682,844
70$29,646,307$23,132,923$21,461,651$27,486,645
71$32,609,057$24,205,263$22,119,443$29,440,130
72$35,872,081$25,328,221$22,797,345$31,557,061
73$39,465,946$26,504,216$23,495,968$33,852,538
74$43,424,334$27,735,785$24,215,945$36,343,129
75$47,784,364$29,025,586$24,957,927$39,047,016
76$52,586,935$30,376,405$25,722,583$41,984,159
77$57,877,118$31,791,165$26,510,606$45,176,471
78$63,704,579$33,272,927$27,322,706$48,648,015
79$70,124,046$34,824,901$28,159,617$52,425,218
80$77,195,830$36,450,452$29,022,095$56,537,110
81$84,986,388$38,153,107$29,910,919$61,015,583
82$93,568,956$39,936,565$30,826,890$65,895,679
83$103,024,235$41,804,703$31,770,837$71,215,907
84$113,441,156$43,761,583$32,743,609$77,018,592
85$124,917,720$45,811,466$33,746,086$83,350,256
86$137,561,919$47,958,820$34,779,172$90,262,045
87$151,492,757$50,208,325$35,843,797$97,810,191
88$166,841,377$52,564,890$36,940,922$106,056,527
89$183,752,290$55,033,663$38,071,536$115,069,052
90$202,384,749$57,620,038$39,236,658$124,922,550
91$222,914,246$60,329,672$40,437,338$135,699,281
92$245,534,168$63,168,495$41,674,657$147,489,730
93$270,457,626$66,142,724$42,949,731$160,393,443
94$297,919,464$69,258,878$44,263,708$174,519,939
95$328,178,478$72,523,791$45,617,770$189,989,724
96$361,519,854$75,944,629$47,013,137$206,935,397
97$398,257,867$79,528,903$48,451,065$225,502,879
98$438,738,841$83,284,492$49,932,848$245,852,761
99$483,344,423$87,219,652$51,459,818$268,161,788
100$532,495,182$91,343,042$53,033,350$292,624,498