Can I retire at age 66 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,446,328
2 years$764,470$750,232$736,434$723,055$710,078$665,284
3 years$504,584$490,285$476,521$463,268$450,503$407,155
4 years$374,667$360,411$346,785$333,759$321,302$279,734
5 years$296,736$282,567$269,120$256,359$244,249$204,572
6 years$244,800$230,737$217,489$205,012$193,266$155,516
7 years$207,717$193,773$180,734$168,552$157,177$121,352
8 years$179,918$166,099$153,277$141,394$130,393$96,472
9 years$158,307$144,619$132,017$120,436$109,810$77,756
10 years$141,029$127,475$115,096$103,817$93,564$63,331
11 years$126,902$113,483$101,328$90,352$80,468$52,005
12 years$115,137$101,856$89,926$79,251$69,732$42,981
13 years$105,190$92,048$80,343$69,967$60,807$35,707
14 years$96,672$83,669$72,189$62,109$53,303$29,788
15 years$89,296$76,434$65,177$55,390$46,933$24,936
16 years$82,848$70,126$59,092$49,596$41,479$20,933
17 years$77,165$64,584$53,772$44,561$36,778$17,613
18 years$72,119$59,678$49,087$40,159$32,702$14,849
19 years$67,609$55,309$44,936$36,287$29,148$12,538
20 years$63,555$51,396$41,240$32,865$26,035$10,602
21 years$59,893$47,873$37,933$29,827$23,299$8,974
22 years$56,567$44,688$34,961$27,119$20,884$7,604
23 years$53,535$41,796$32,281$24,698$18,747$6,448
24 years$50,760$39,160$29,854$22,526$16,850$5,472
25 years$48,211$36,750$27,651$20,572$15,162$4,646
26 years$45,862$34,539$25,645$18,810$13,658$3,946
27 years$43,691$32,505$23,813$17,217$12,314$3,354
28 years$41,678$30,629$22,138$15,775$11,111$2,851
29 years$39,808$28,895$20,601$14,466$10,033$2,424
30 years$38,065$27,288$19,189$13,276$9,065$2,062
31 years$36,438$25,797$17,889$12,193$8,196$1,754
32 years$34,916$24,409$16,691$11,206$7,414$1,493
33 years$33,489$23,116$15,585$10,305$6,709$1,270
34 years$32,149$21,908$14,561$9,481$6,075$1,081
35 years$30,888$20,780$13,614$8,728$5,502$920
36 years$29,700$19,723$12,735$8,038$4,985$784
37 years$28,579$18,732$11,920$7,406$4,518$667
38 years$27,519$17,802$11,163$6,826$4,096$568
39 years$26,516$16,928$10,458$6,294$3,714$484
40 years$25,566$16,106$9,802$5,806$3,369$412
41 years$24,664$15,331$9,192$5,356$3,057$351
42 years$23,808$14,601$8,622$4,943$2,774$299
43 years$22,993$13,912$8,091$4,563$2,517$254
44 years$22,218$13,261$7,594$4,213$2,285$217
45 years$21,480$12,645$7,131$3,891$2,074$185
46 years$20,775$12,063$6,698$3,594$1,883$157
47 years$20,103$11,512$6,292$3,321$1,710$134
48 years$19,460$10,990$5,913$3,068$1,553$114
49 years$18,846$10,495$5,558$2,836$1,410$97
50 years$18,258$10,025$5,225$2,621$1,281$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $18,700,000, adding $2,083 every year, while hoping to spend $43,503 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: 83/5/12 Blend
65$18,700,000$18,700,000$18,700,000$18,700,000
66$20,609,549$19,618,449$19,328,599$22,276,654
67$22,665,436$20,533,466$19,929,820$24,284,062
68$24,929,565$21,491,861$20,549,724$26,482,252
69$27,423,132$22,495,713$21,188,891$28,895,076
70$30,169,491$23,547,203$21,847,918$31,544,086
71$33,194,379$24,648,615$22,527,423$34,453,017
72$36,526,155$25,802,346$23,228,041$37,648,013
73$40,196,069$27,010,908$23,950,427$41,157,871
74$44,238,558$28,276,932$24,695,256$45,014,311
75$48,691,570$29,603,181$25,463,226$49,252,273
76$53,596,920$30,992,546$26,255,054$53,910,246
77$59,000,688$32,448,064$27,071,481$59,030,627
78$64,953,652$33,972,913$27,913,269$64,660,124
79$71,511,768$35,570,429$28,781,207$70,850,188
80$78,736,697$37,244,108$29,676,106$77,657,504
81$86,696,386$38,997,616$30,598,801$85,144,516
82$95,465,712$40,834,794$31,550,156$93,380,020
83$105,127,188$42,759,672$32,531,060$102,439,809
84$115,771,740$44,776,475$33,542,429$112,407,384
85$127,499,566$46,889,630$34,585,209$123,374,743
86$140,421,082$49,103,782$35,660,374$135,443,243
87$154,657,964$51,423,800$36,768,928$148,724,557
88$170,344,297$53,854,787$37,911,908$163,341,723
89$187,627,839$56,402,095$39,090,381$179,430,304
90$206,671,419$59,071,337$40,305,448$197,139,661
91$227,654,467$61,868,397$41,558,245$216,634,365
92$250,774,718$64,799,443$42,849,941$238,095,743
93$276,250,068$67,870,945$44,181,743$261,723,586
94$304,320,638$71,089,685$45,554,894$287,738,032
95$335,251,038$74,462,774$46,970,678$316,381,643
96$369,332,864$77,997,670$48,430,416$347,921,684
97$406,887,452$81,702,192$49,935,471$382,652,649
98$448,268,911$85,584,538$51,487,248$420,899,032
99$493,867,466$89,653,306$53,087,197$463,018,386
100$544,113,140$93,917,510$54,736,810$509,404,695