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%12.5%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,467,701
2 years$760,381$746,220$732,495$719,188$706,281$690,683
3 years$501,886$487,663$473,973$460,791$448,094$432,870
4 years$372,663$358,484$344,931$331,974$319,584$304,853
5 years$295,150$281,056$267,681$254,988$242,943$228,747
6 years$243,491$229,503$216,326$203,916$192,232$178,590
7 years$206,606$192,736$179,768$167,650$156,336$143,252
8 years$178,956$165,211$152,457$140,638$129,696$117,170
9 years$157,461$143,846$131,311$119,792$109,223$97,250
10 years$140,275$126,793$114,480$103,262$93,063$81,636
11 years$126,223$112,876$100,787$89,869$80,038$69,147
12 years$114,521$101,312$89,446$78,827$69,359$58,993
13 years$104,628$91,556$79,914$69,593$60,482$50,630
14 years$96,155$83,222$71,803$61,776$53,018$43,665
15 years$88,818$76,025$64,828$55,094$46,682$37,813
16 years$82,405$69,751$58,776$49,330$41,257$32,859
17 years$76,752$64,238$53,484$44,323$36,582$28,638
18 years$71,733$59,359$48,824$39,944$32,527$25,022
19 years$67,248$55,013$44,696$36,093$28,992$21,910
20 years$63,216$51,121$41,020$32,689$25,896$19,221
21 years$59,572$47,617$37,730$29,667$23,174$16,888
22 years$56,265$44,449$34,774$26,974$20,772$14,860
23 years$53,249$41,572$32,108$24,566$18,646$13,091
24 years$50,489$38,951$29,694$22,406$16,760$11,545
25 years$47,954$36,553$27,503$20,462$15,081$10,191
26 years$45,617$34,354$25,508$18,710$13,585$9,003
27 years$43,457$32,331$23,686$17,125$12,248$7,959
28 years$41,455$30,466$22,019$15,690$11,051$7,041
29 years$39,595$28,741$20,491$14,388$9,979$6,232
30 years$37,862$27,143$19,086$13,205$9,017$5,519
31 years$36,243$25,659$17,794$12,128$8,152$4,889
32 years$34,729$24,278$16,602$11,146$7,374$4,333
33 years$33,310$22,992$15,501$10,249$6,673$3,842
34 years$31,977$21,791$14,483$9,430$6,042$3,407
35 years$30,723$20,669$13,541$8,681$5,473$3,022
36 years$29,541$19,618$12,667$7,995$4,958$2,681
37 years$28,426$18,632$11,856$7,366$4,494$2,380
38 years$27,372$17,707$11,103$6,790$4,074$2,112
39 years$26,374$16,838$10,402$6,261$3,695$1,875
40 years$25,429$16,020$9,750$5,774$3,351$1,665
41 years$24,532$15,249$9,142$5,328$3,040$1,478
42 years$23,681$14,523$8,576$4,917$2,759$1,313
43 years$22,871$13,837$8,047$4,539$2,504$1,166
44 years$22,099$13,190$7,554$4,191$2,273$1,036
45 years$21,365$12,578$7,093$3,870$2,063$920
46 years$20,664$11,999$6,662$3,575$1,873$817
47 years$19,995$11,450$6,259$3,303$1,701$726
48 years$19,356$10,931$5,881$3,052$1,545$645
49 years$18,745$10,439$5,528$2,821$1,403$573
50 years$18,160$9,971$5,197$2,607$1,274$509

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 $6,670 every year, while hoping to spend $27,173 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: 47/33/20 Blend
65$18,600,000$18,600,000$18,600,000$18,600,000
66$20,504,080$19,518,280$19,229,980$21,350,876
67$22,566,584$20,445,764$19,845,273$22,869,912
68$24,838,553$21,417,784$20,480,267$24,514,457
69$27,341,324$22,436,493$21,135,594$26,298,912
70$30,098,408$23,504,150$21,811,905$28,236,369
71$33,135,715$24,623,123$22,509,873$30,341,207
72$36,481,796$25,795,895$23,230,192$32,629,218
73$40,168,115$27,025,069$23,973,579$35,117,746
74$44,229,340$28,313,375$24,740,772$37,825,847
75$48,703,679$29,663,677$25,532,534$40,774,457
76$53,633,234$31,078,976$26,349,653$43,986,586
77$59,064,399$32,562,421$27,192,942$47,487,521
78$65,048,301$34,117,313$28,063,239$51,305,059
79$71,641,280$35,747,114$28,961,410$55,469,757
80$78,905,422$37,455,454$29,888,348$60,015,214
81$86,909,143$39,246,139$30,844,976$64,978,375
82$95,727,838$41,123,162$31,832,245$70,399,866
83$105,444,590$43,090,709$32,851,137$76,324,374
84$116,150,954$45,153,170$33,902,666$82,801,048
85$127,947,824$47,315,148$34,987,879$89,883,953
86$140,946,384$49,581,472$36,107,854$97,632,572
87$155,269,155$51,957,204$37,263,707$106,112,347
88$171,051,155$54,447,654$38,456,588$115,395,283
89$188,441,173$57,058,388$39,687,683$125,560,618
90$207,603,170$59,795,247$40,958,218$136,695,548
91$228,717,833$62,664,353$42,269,458$148,896,040
92$251,984,274$65,672,129$43,622,706$162,267,714
93$277,621,914$68,825,308$45,019,312$176,926,828
94$305,872,554$72,130,953$46,460,663$193,001,351
95$337,002,655$75,596,470$47,948,196$210,632,156
96$371,305,857$79,229,627$49,483,391$229,974,325
97$409,105,746$83,038,571$51,067,777$251,198,592
98$450,758,914$87,031,843$52,702,930$274,492,935
99$496,658,324$91,218,404$54,390,479$300,064,322
100$547,237,017$95,607,650$56,132,103$328,140,643