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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.2%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,453,734
2 years$752,205$738,196$724,619$711,455$698,687$685,078
3 years$496,489$482,419$468,877$455,836$443,275$429,987
4 years$368,656$354,629$341,222$328,404$316,148$303,281
5 years$291,976$278,034$264,802$252,246$240,331$227,924
6 years$240,873$227,035$214,000$201,723$190,165$178,235
7 years$204,385$190,664$177,835$165,848$154,655$143,206
8 years$177,031$163,434$150,818$139,126$128,302$117,333
9 years$155,768$142,299$129,899$118,504$108,048$97,557
10 years$138,767$125,430$113,249$102,152$92,063$82,042
11 years$124,866$111,663$99,703$88,903$79,177$69,620
12 years$113,290$100,222$88,484$77,980$68,613$59,510
13 years$103,503$90,572$79,054$68,844$59,832$51,172
14 years$95,121$82,327$71,031$61,112$52,448$44,220
15 years$87,863$75,207$64,131$54,501$46,180$38,372
16 years$81,519$69,001$58,144$48,800$40,814$33,413
17 years$75,927$63,548$52,909$43,846$36,188$29,182
18 years$70,962$58,721$48,299$39,514$32,177$25,552
19 years$66,524$54,422$44,216$35,705$28,680$22,422
20 years$62,536$50,571$40,579$32,337$25,617$19,713
21 years$58,932$47,105$37,325$29,348$22,925$17,360
22 years$55,660$43,971$34,400$26,684$20,549$15,309
23 years$52,677$41,125$31,763$24,302$18,446$13,518
24 years$49,946$38,532$29,375$22,165$16,580$11,949
25 years$47,438$36,160$27,207$20,242$14,919$10,572
26 years$45,127$33,985$25,233$18,508$13,439$9,362
27 years$42,990$31,984$23,431$16,941$12,116$8,296
28 years$41,010$30,138$21,783$15,522$10,932$7,357
29 years$39,169$28,432$20,270$14,234$9,872$6,528
30 years$37,454$26,851$18,881$13,063$8,920$5,795
31 years$35,854$25,383$17,602$11,997$8,064$5,146
32 years$34,356$24,017$16,423$11,026$7,295$4,572
33 years$32,952$22,745$15,335$10,139$6,602$4,064
34 years$31,633$21,557$14,328$9,329$5,977$3,613
35 years$30,392$20,446$13,395$8,588$5,414$3,213
36 years$29,223$19,407$12,531$7,909$4,905$2,858
37 years$28,120$18,432$11,729$7,287$4,446$2,543
38 years$27,078$17,517$10,984$6,717$4,030$2,263
39 years$26,091$16,657$10,290$6,193$3,655$2,014
40 years$25,156$15,848$9,645$5,712$3,315$1,793
41 years$24,269$15,085$9,044$5,270$3,008$1,596
42 years$23,426$14,367$8,484$4,864$2,729$1,421
43 years$22,625$13,689$7,961$4,490$2,477$1,265
44 years$21,862$13,048$7,473$4,146$2,248$1,127
45 years$21,135$12,443$7,017$3,829$2,041$1,004
46 years$20,442$11,870$6,590$3,537$1,853$894
47 years$19,780$11,327$6,191$3,267$1,683$796
48 years$19,148$10,813$5,818$3,019$1,528$709
49 years$18,543$10,326$5,469$2,790$1,388$632
50 years$17,965$9,864$5,141$2,579$1,261$563

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 $4,890 every year, while hoping to spend $55,938 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: 47/27/26 Blend
65$18,400,000$18,400,000$18,400,000$18,400,000
66$20,281,844$19,306,644$19,021,444$21,083,899
67$22,291,075$20,193,152$19,599,145$22,535,391
68$24,503,372$21,121,224$20,194,324$24,104,147
69$26,939,389$22,092,838$20,807,507$25,805,952
70$29,621,886$23,110,066$21,439,238$27,653,326
71$32,575,940$24,175,080$22,090,074$29,660,022
72$35,829,185$25,290,158$22,760,590$31,841,154
73$39,412,071$26,457,686$23,451,379$34,213,328
74$43,358,154$27,680,164$24,163,052$36,794,796
75$47,704,407$28,960,214$24,896,236$39,605,620
76$52,491,576$30,300,583$25,651,579$42,667,855
77$57,764,558$31,704,153$26,429,748$46,005,751
78$63,572,827$33,173,940$27,231,429$49,645,972
79$69,970,902$34,713,111$28,057,329$53,617,843
80$77,018,862$36,324,980$28,908,177$57,953,614
81$84,782,907$38,013,026$29,784,722$62,688,761
82$93,335,991$39,780,891$30,687,737$67,862,309
83$102,758,503$41,632,397$31,618,018$73,517,192
84$113,139,033$43,571,546$32,576,384$79,700,647
85$124,575,201$45,602,538$33,563,679$86,464,651
86$137,174,581$47,729,772$34,580,772$93,866,402
87$151,055,718$49,957,861$35,628,558$101,968,847
88$166,349,245$52,291,640$36,707,959$110,841,262
89$183,199,116$54,736,178$37,819,923$120,559,898
90$201,763,964$57,296,790$38,965,429$131,208,686
91$222,218,602$59,979,045$40,145,484$142,880,016
92$244,755,665$62,788,785$41,361,124$155,675,595
93$269,587,438$65,732,131$42,613,417$169,707,396
94$296,947,853$68,815,501$43,903,462$185,098,694
95$327,094,699$72,045,626$45,232,393$201,985,219
96$360,312,055$75,429,558$46,601,376$220,516,419
97$396,912,973$78,974,695$48,011,610$240,856,854
98$437,242,432$82,688,790$49,464,334$263,187,730
99$481,680,591$86,579,972$50,960,820$287,708,593
100$530,646,385$90,656,764$52,502,381$314,639,193