Can I retire at age 66 with 18,500,000?

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,418,366
2 years$756,293$742,208$728,557$715,322$702,484$645,886
3 years$499,187$485,041$471,425$458,314$445,685$391,120
4 years$370,659$356,557$343,077$330,189$317,866$265,751
5 years$293,563$279,545$266,242$253,617$241,637$192,105
6 years$242,182$228,269$215,163$202,820$191,199$144,284
7 years$205,496$191,700$178,801$166,749$155,496$111,182
8 years$177,994$164,322$151,638$139,882$128,999$87,243
9 years$156,614$143,072$130,605$119,148$108,636$69,378
10 years$139,521$126,111$113,865$102,707$92,563$55,729
11 years$125,544$112,269$100,245$89,386$79,607$45,114
12 years$113,906$100,767$88,965$78,403$68,986$36,744
13 years$104,065$91,064$79,484$69,218$60,157$30,071
14 years$95,638$82,775$71,417$61,444$52,733$24,705
15 years$88,341$75,616$64,480$54,798$46,431$20,360
16 years$81,962$69,376$58,460$49,065$41,036$16,821
17 years$76,340$63,893$53,197$44,085$36,385$13,927
18 years$71,347$59,040$48,562$39,729$32,352$11,549
19 years$66,886$54,718$44,456$35,899$28,836$9,591
20 years$62,876$50,846$40,799$32,513$25,757$7,974
21 years$59,252$47,361$37,528$29,508$23,049$6,636
22 years$55,962$44,210$34,587$26,829$20,660$5,527
23 years$52,963$41,349$31,935$24,434$18,546$4,606
24 years$50,218$38,741$29,535$22,285$16,670$3,841
25 years$47,696$36,357$27,355$20,352$15,000$3,204
26 years$45,372$34,169$25,371$18,609$13,512$2,674
27 years$43,224$32,157$23,559$17,033$12,182$2,232
28 years$41,232$30,302$21,901$15,606$10,992$1,864
29 years$39,382$28,586$20,381$14,311$9,925$1,557
30 years$37,658$26,997$18,984$13,134$8,968$1,301
31 years$36,048$25,521$17,698$12,063$8,108$1,087
32 years$34,543$24,148$16,513$11,086$7,334$908
33 years$33,131$22,868$15,418$10,194$6,638$759
34 years$31,805$21,674$14,406$9,380$6,010$634
35 years$30,558$20,557$13,468$8,635$5,443$530
36 years$29,382$19,512$12,599$7,952$4,932$443
37 years$28,273$18,532$11,793$7,327$4,470$370
38 years$27,225$17,612$11,043$6,753$4,052$310
39 years$26,233$16,747$10,346$6,227$3,675$259
40 years$25,292$15,934$9,698$5,743$3,333$216
41 years$24,400$15,167$9,093$5,299$3,024$181
42 years$23,553$14,445$8,530$4,890$2,744$151
43 years$22,748$13,763$8,004$4,514$2,490$126
44 years$21,981$13,119$7,513$4,168$2,260$106
45 years$21,250$12,510$7,055$3,850$2,052$88
46 years$20,553$11,934$6,626$3,556$1,863$74
47 years$19,888$11,389$6,225$3,285$1,692$62
48 years$19,252$10,872$5,850$3,036$1,536$52
49 years$18,644$10,382$5,498$2,805$1,395$43
50 years$18,062$9,918$5,169$2,593$1,267$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $18,500,000, adding $2,544 every year, while hoping to spend $21,725 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: 32/38/30 Blend
65$18,500,000$18,500,000$18,500,000$18,500,000
66$20,389,624$19,409,124$19,122,374$20,855,793
67$22,446,251$20,337,056$19,739,858$22,143,963
68$24,711,925$21,309,728$20,377,300$23,528,341
69$27,207,947$22,329,311$21,035,345$25,019,037
70$29,957,788$23,398,078$21,714,660$26,625,442
71$32,987,314$24,518,415$22,415,933$28,357,842
72$36,325,028$25,692,825$23,139,874$30,227,505
73$40,002,338$26,923,931$23,887,217$32,246,780
74$44,053,856$28,214,483$24,658,719$34,429,206
75$48,517,725$29,567,368$25,455,162$36,789,624
76$53,435,975$30,985,612$26,277,352$39,344,313
77$58,854,924$32,472,386$27,126,123$42,111,130
78$64,825,613$34,031,020$28,002,335$45,109,667
79$71,404,288$35,665,003$28,906,876$48,361,425
80$78,652,932$37,377,994$29,840,662$51,890,004
81$86,639,848$39,173,832$30,804,641$55,721,316
82$95,440,305$41,056,542$31,799,789$59,883,809
83$105,137,249$43,030,346$32,827,115$64,408,731
84$115,822,085$45,099,670$33,887,660$69,330,401
85$127,595,541$47,269,157$34,982,500$74,686,524
86$140,568,617$49,543,677$36,112,745$80,518,529
87$154,863,635$51,928,336$37,279,540$86,871,942
88$170,615,390$54,428,488$38,484,069$93,796,799
89$187,972,428$57,049,752$39,727,554$101,348,101
90$207,098,443$59,798,017$41,011,254$109,586,312
91$228,173,825$62,679,462$42,336,472$118,577,911
92$251,397,364$65,700,564$43,704,553$128,395,999
93$276,988,123$68,868,119$45,116,883$139,120,965
94$305,187,508$72,189,254$46,574,895$150,841,223
95$336,261,548$75,671,442$48,080,069$163,654,025
96$370,503,405$79,322,522$49,633,930$177,666,348
97$408,236,142$83,150,715$51,238,057$192,995,884
98$449,815,772$87,164,643$52,894,075$209,772,118
99$495,634,620$91,373,350$54,603,665$228,137,527
100$546,125,026$95,786,318$56,368,563$248,248,888