Can I retire at age 66 with 18,600,000?

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,445,575
2 years$760,381$746,220$732,495$719,188$706,281$668,628
3 years$501,886$487,663$473,973$460,791$448,094$411,582
4 years$372,663$358,484$344,931$331,974$319,584$284,493
5 years$295,150$281,056$267,681$254,988$242,943$209,370
6 years$243,491$229,503$216,326$203,916$192,232$160,212
7 years$206,606$192,736$179,768$167,650$156,336$125,871
8 years$178,956$165,211$152,457$140,638$129,696$100,771
9 years$157,461$143,846$131,311$119,792$109,223$81,814
10 years$140,275$126,793$114,480$103,262$93,063$67,138
11 years$126,223$112,876$100,787$89,869$80,038$55,557
12 years$114,521$101,312$89,446$78,827$69,359$46,281
13 years$104,628$91,556$79,914$69,593$60,482$38,761
14 years$96,155$83,222$71,803$61,776$53,018$32,605
15 years$88,818$76,025$64,828$55,094$46,682$27,525
16 years$82,405$69,751$58,776$49,330$41,257$23,306
17 years$76,752$64,238$53,484$44,323$36,582$19,782
18 years$71,733$59,359$48,824$39,944$32,527$16,826
19 years$67,248$55,013$44,696$36,093$28,992$14,337
20 years$63,216$51,121$41,020$32,689$25,896$12,233
21 years$59,572$47,617$37,730$29,667$23,174$10,452
22 years$56,265$44,449$34,774$26,974$20,772$8,939
23 years$53,249$41,572$32,108$24,566$18,646$7,652
24 years$50,489$38,951$29,694$22,406$16,760$6,555
25 years$47,954$36,553$27,503$20,462$15,081$5,620
26 years$45,617$34,354$25,508$18,710$13,585$4,820
27 years$43,457$32,331$23,686$17,125$12,248$4,136
28 years$41,455$30,466$22,019$15,690$11,051$3,551
29 years$39,595$28,741$20,491$14,388$9,979$3,049
30 years$37,862$27,143$19,086$13,205$9,017$2,619
31 years$36,243$25,659$17,794$12,128$8,152$2,251
32 years$34,729$24,278$16,602$11,146$7,374$1,934
33 years$33,310$22,992$15,501$10,249$6,673$1,663
34 years$31,977$21,791$14,483$9,430$6,042$1,430
35 years$30,723$20,669$13,541$8,681$5,473$1,229
36 years$29,541$19,618$12,667$7,995$4,958$1,057
37 years$28,426$18,632$11,856$7,366$4,494$909
38 years$27,372$17,707$11,103$6,790$4,074$782
39 years$26,374$16,838$10,402$6,261$3,695$673
40 years$25,429$16,020$9,750$5,774$3,351$579
41 years$24,532$15,249$9,142$5,328$3,040$498
42 years$23,681$14,523$8,576$4,917$2,759$428
43 years$22,871$13,837$8,047$4,539$2,504$368
44 years$22,099$13,190$7,554$4,191$2,273$317
45 years$21,365$12,578$7,093$3,870$2,063$273
46 years$20,664$11,999$6,662$3,575$1,873$235
47 years$19,995$11,450$6,259$3,303$1,701$202
48 years$19,356$10,931$5,881$3,052$1,545$174
49 years$18,745$10,439$5,528$2,821$1,403$150
50 years$18,160$9,971$5,197$2,607$1,274$129

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $18,600,000, adding $6,668 every year, while hoping to spend $42,879 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: 43/47/10 Blend
65$18,600,000$18,600,000$18,600,000$18,600,000
66$20,504,078$19,518,278$19,229,978$21,326,094
67$22,549,871$20,429,051$19,828,559$22,810,103
68$24,802,898$21,383,014$20,445,756$24,411,943
69$27,284,251$22,382,239$21,082,146$26,146,280
70$30,017,173$23,428,898$21,738,327$28,025,260
71$33,027,276$24,525,265$22,414,912$30,062,205
72$36,342,782$25,673,727$23,112,536$32,271,731
73$39,994,792$26,876,786$23,831,852$34,669,876
74$44,017,576$28,137,063$24,573,534$37,274,241
75$48,448,898$29,457,309$25,338,277$40,104,150
76$53,330,374$30,840,405$26,126,797$43,180,816
77$58,707,860$32,289,372$26,939,832$46,527,537
78$64,631,890$33,807,380$27,778,145$50,169,898
79$71,158,149$35,397,748$28,642,519$54,136,006
80$78,348,002$37,063,959$29,533,765$58,456,739
81$86,269,069$38,809,664$30,452,717$63,166,025
82$94,995,866$40,638,690$31,400,236$68,301,152
83$104,610,509$42,555,050$32,377,208$73,903,100
84$115,203,484$44,562,951$33,384,548$80,016,917
85$126,874,508$46,666,804$34,423,199$86,692,127
86$139,733,465$48,871,235$35,494,133$93,983,180
87$153,901,445$51,181,092$36,598,353$101,949,951
88$169,511,886$53,601,459$37,736,892$110,658,284
89$186,711,836$56,137,668$38,910,815$120,180,598
90$205,663,338$58,795,309$40,121,222$130,596,548
91$226,544,960$61,580,240$41,369,245$141,993,758
92$249,553,482$64,498,609$42,656,051$154,468,623
93$274,905,754$67,556,856$43,982,844$168,127,202
94$302,840,738$70,761,739$45,350,867$183,086,188
95$333,621,770$74,120,342$46,761,398$199,473,991
96$367,539,042$77,640,091$48,215,757$217,431,920
97$404,912,344$81,328,775$49,715,304$237,115,491
98$446,094,079$85,194,560$51,261,442$258,695,866
99$491,472,592$89,246,010$52,855,618$282,361,436
100$541,475,836$93,492,105$54,499,321$308,319,574