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%17.5%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,438,016
2 years$760,381$746,220$732,495$719,188$706,281$661,157
3 years$501,886$487,663$473,973$460,791$448,094$404,434
4 years$372,663$358,484$344,931$331,974$319,584$277,724
5 years$295,150$281,056$267,681$254,988$242,943$202,995
6 years$243,491$229,503$216,326$203,916$192,232$154,233
7 years$206,606$192,736$179,768$167,650$156,336$120,282
8 years$178,956$165,211$152,457$140,638$129,696$95,565
9 years$157,461$143,846$131,311$119,792$109,223$76,978
10 years$140,275$126,793$114,480$103,262$93,063$62,659
11 years$126,223$112,876$100,787$89,869$80,038$51,420
12 years$114,521$101,312$89,446$78,827$69,359$42,469
13 years$104,628$91,556$79,914$69,593$60,482$35,258
14 years$96,155$83,222$71,803$61,776$53,018$29,393
15 years$88,818$76,025$64,828$55,094$46,682$24,588
16 years$82,405$69,751$58,776$49,330$41,257$20,626
17 years$76,752$64,238$53,484$44,323$36,582$17,342
18 years$71,733$59,359$48,824$39,944$32,527$14,609
19 years$67,248$55,013$44,696$36,093$28,992$12,327
20 years$63,216$51,121$41,020$32,689$25,896$10,415
21 years$59,572$47,617$37,730$29,667$23,174$8,809
22 years$56,265$44,449$34,774$26,974$20,772$7,459
23 years$53,249$41,572$32,108$24,566$18,646$6,320
24 years$50,489$38,951$29,694$22,406$16,760$5,359
25 years$47,954$36,553$27,503$20,462$15,081$4,546
26 years$45,617$34,354$25,508$18,710$13,585$3,859
27 years$43,457$32,331$23,686$17,125$12,248$3,276
28 years$41,455$30,466$22,019$15,690$11,051$2,783
29 years$39,595$28,741$20,491$14,388$9,979$2,365
30 years$37,862$27,143$19,086$13,205$9,017$2,010
31 years$36,243$25,659$17,794$12,128$8,152$1,708
32 years$34,729$24,278$16,602$11,146$7,374$1,452
33 years$33,310$22,992$15,501$10,249$6,673$1,235
34 years$31,977$21,791$14,483$9,430$6,042$1,050
35 years$30,723$20,669$13,541$8,681$5,473$893
36 years$29,541$19,618$12,667$7,995$4,958$760
37 years$28,426$18,632$11,856$7,366$4,494$646
38 years$27,372$17,707$11,103$6,790$4,074$550
39 years$26,374$16,838$10,402$6,261$3,695$468
40 years$25,429$16,020$9,750$5,774$3,351$398
41 years$24,532$15,249$9,142$5,328$3,040$339
42 years$23,681$14,523$8,576$4,917$2,759$288
43 years$22,871$13,837$8,047$4,539$2,504$245
44 years$22,099$13,190$7,554$4,191$2,273$209
45 years$21,365$12,578$7,093$3,870$2,063$178
46 years$20,664$11,999$6,662$3,575$1,873$151
47 years$19,995$11,450$6,259$3,303$1,701$129
48 years$19,356$10,931$5,881$3,052$1,545$109
49 years$18,745$10,439$5,528$2,821$1,403$93
50 years$18,160$9,971$5,197$2,607$1,274$79

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 $2,944 every year, while hoping to spend $55,283 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: 74/15/11 Blend
65$18,600,000$18,600,000$18,600,000$18,600,000
66$20,500,237$19,514,437$19,226,137$21,973,590
67$22,532,440$20,411,823$19,811,392$23,843,902
68$24,770,076$21,351,329$20,414,400$25,885,193
69$27,234,039$22,334,960$21,035,697$28,120,077
70$29,947,354$23,364,817$21,675,837$30,567,725
71$32,935,395$24,443,103$22,335,388$33,249,237
72$36,226,118$25,572,128$23,014,936$36,187,844
73$39,850,331$26,754,311$23,715,086$39,409,118
74$43,841,982$27,992,189$24,436,458$42,941,212
75$48,238,479$29,288,422$25,179,695$46,815,124
76$53,081,045$30,645,795$25,945,455$51,064,983
77$58,415,102$32,067,230$26,734,419$55,728,368
78$64,290,707$33,555,789$27,547,287$60,846,660
79$70,763,018$35,114,681$28,384,779$66,465,428
80$77,892,816$36,747,271$29,247,639$72,634,850
81$85,747,080$38,457,084$30,136,632$79,410,190
82$94,399,619$40,247,818$31,052,546$86,852,308
83$103,931,767$42,123,348$31,996,193$95,028,232
84$114,433,150$44,087,735$32,968,409$104,011,786
85$126,002,536$46,145,238$33,970,055$113,884,280
86$138,748,760$48,300,320$35,002,017$124,735,272
87$152,791,759$50,557,662$36,065,211$136,663,408
88$168,263,699$52,922,168$37,160,576$149,777,345
89$185,310,224$55,398,981$38,289,082$164,196,773
90$204,091,827$57,993,492$39,451,727$180,053,534
91$224,785,374$60,711,353$40,649,540$197,492,863
92$247,585,761$63,558,489$41,883,579$216,674,749
93$272,707,765$66,541,111$43,154,935$237,775,438
94$300,388,063$69,665,731$44,464,731$260,989,090
95$330,887,471$72,939,178$45,814,126$286,529,601
96$364,493,404$76,368,608$47,204,309$314,632,612
97$401,522,586$79,961,525$48,636,509$345,557,729
98$442,324,048$83,725,797$50,111,989$379,590,960
99$487,282,412$87,669,673$51,632,053$417,047,403
100$536,821,531$91,801,800$53,198,039$458,274,216