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%13.3%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,447,108
2 years$752,205$738,196$724,619$711,455$698,687$678,438
3 years$496,489$482,419$468,877$455,836$443,275$423,541
4 years$368,656$354,629$341,222$328,404$316,148$297,080
5 years$291,976$278,034$264,802$252,246$240,331$221,984
6 years$240,873$227,035$214,000$201,723$190,165$172,563
7 years$204,385$190,664$177,835$165,848$154,655$137,802
8 years$177,031$163,434$150,818$139,126$128,302$112,196
9 years$155,768$142,299$129,899$118,504$108,048$92,684
10 years$138,767$125,430$113,249$102,152$92,063$77,427
11 years$124,866$111,663$99,703$88,903$79,177$65,256
12 years$113,290$100,222$88,484$77,980$68,613$55,391
13 years$103,503$90,572$79,054$68,844$59,832$47,291
14 years$95,121$82,327$71,031$61,112$52,448$40,570
15 years$87,863$75,207$64,131$54,501$46,180$34,943
16 years$81,519$69,001$58,144$48,800$40,814$30,197
17 years$75,927$63,548$52,909$43,846$36,188$26,171
18 years$70,962$58,721$48,299$39,514$32,177$22,736
19 years$66,524$54,422$44,216$35,705$28,680$19,792
20 years$62,536$50,571$40,579$32,337$25,617$17,261
21 years$58,932$47,105$37,325$29,348$22,925$15,076
22 years$55,660$43,971$34,400$26,684$20,549$13,185
23 years$52,677$41,125$31,763$24,302$18,446$11,544
24 years$49,946$38,532$29,375$22,165$16,580$10,118
25 years$47,438$36,160$27,207$20,242$14,919$8,875
26 years$45,127$33,985$25,233$18,508$13,439$7,791
27 years$42,990$31,984$23,431$16,941$12,116$6,844
28 years$41,010$30,138$21,783$15,522$10,932$6,016
29 years$39,169$28,432$20,270$14,234$9,872$5,290
30 years$37,454$26,851$18,881$13,063$8,920$4,654
31 years$35,854$25,383$17,602$11,997$8,064$4,096
32 years$34,356$24,017$16,423$11,026$7,295$3,606
33 years$32,952$22,745$15,335$10,139$6,602$3,176
34 years$31,633$21,557$14,328$9,329$5,977$2,798
35 years$30,392$20,446$13,395$8,588$5,414$2,465
36 years$29,223$19,407$12,531$7,909$4,905$2,172
37 years$28,120$18,432$11,729$7,287$4,446$1,915
38 years$27,078$17,517$10,984$6,717$4,030$1,688
39 years$26,091$16,657$10,290$6,193$3,655$1,488
40 years$25,156$15,848$9,645$5,712$3,315$1,313
41 years$24,269$15,085$9,044$5,270$3,008$1,158
42 years$23,426$14,367$8,484$4,864$2,729$1,021
43 years$22,625$13,689$7,961$4,490$2,477$901
44 years$21,862$13,048$7,473$4,146$2,248$794
45 years$21,135$12,443$7,017$3,829$2,041$701
46 years$20,442$11,870$6,590$3,537$1,853$618
47 years$19,780$11,327$6,191$3,267$1,683$545
48 years$19,148$10,813$5,818$3,019$1,528$481
49 years$18,543$10,326$5,469$2,790$1,388$425
50 years$17,965$9,864$5,141$2,579$1,261$375

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 $4,632 every year, while hoping to spend $57,691 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: 43/42/15 Blend
65$18,400,000$18,400,000$18,400,000$18,400,000
66$20,281,578$19,306,378$19,021,178$21,065,059
67$22,288,916$20,191,008$19,597,005$22,499,870
68$24,499,069$21,117,051$20,190,188$24,047,261
69$26,932,663$22,086,475$20,801,248$25,722,422
70$29,612,427$23,101,345$21,430,722$27,537,112
71$32,563,404$24,163,820$22,079,161$29,504,240
72$35,813,193$25,276,168$22,747,134$31,637,967
73$39,392,201$26,440,764$23,435,226$33,953,842
74$43,333,940$27,660,095$24,144,040$36,468,933
75$47,675,333$28,936,771$24,874,197$39,201,983
76$52,457,071$30,273,527$25,626,336$42,173,577
77$57,723,989$31,673,227$26,401,116$45,406,327
78$63,525,497$33,138,876$27,199,214$48,925,073
79$69,916,039$34,673,622$28,021,329$52,757,111
80$76,955,610$36,280,765$28,868,179$56,932,436
81$84,710,325$37,963,764$29,740,505$61,484,014
82$93,253,035$39,726,246$30,639,069$66,448,084
83$102,664,023$41,572,010$31,564,656$71,864,484
84$113,031,755$43,505,041$32,518,074$77,777,017
85$124,453,721$45,529,515$33,500,156$84,233,847
86$137,037,348$47,649,808$34,511,759$91,287,942
87$150,901,019$49,870,510$35,553,764$98,997,557
88$166,175,189$52,196,432$36,627,082$107,426,771
89$183,003,616$54,632,615$37,732,647$116,646,071
90$201,544,717$57,184,345$38,871,423$126,733,003
91$221,973,065$59,857,165$40,044,402$137,772,886
92$244,481,034$62,656,882$41,252,606$149,859,596
93$269,280,617$65,589,587$42,497,086$163,096,434
94$296,605,427$68,661,664$43,778,925$177,597,083
95$326,712,901$71,879,805$45,099,239$193,486,651
96$359,886,729$75,251,028$46,459,176$210,902,838
97$396,439,534$78,782,687$47,859,918$229,997,209
98$436,715,823$82,482,496$49,302,681$250,936,598
99$481,095,237$86,358,537$50,788,720$273,904,658
100$529,996,134$90,419,289$52,319,326$299,103,567