Can I retire at age 66 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,465,875
2 years$768,558$754,244$740,372$726,922$713,875$680,536
3 years$507,282$492,907$479,070$465,746$452,912$420,538
4 years$376,670$362,339$348,640$335,544$323,021$291,861
5 years$298,323$284,078$270,559$257,730$245,555$215,697
6 years$246,109$231,971$218,652$206,108$194,299$165,775
7 years$208,828$194,809$181,701$169,453$158,017$130,831
8 years$180,880$166,987$154,097$142,150$131,091$105,233
9 years$159,154$145,392$132,723$121,080$110,397$85,849
10 years$141,783$128,156$115,711$104,372$94,064$70,800
11 years$127,580$114,090$101,870$90,835$80,898$58,887
12 years$115,753$102,401$90,407$79,675$70,105$49,312
13 years$105,753$92,541$80,773$70,341$61,133$41,521
14 years$97,189$84,117$72,575$62,441$53,589$35,118
15 years$89,773$76,842$65,525$55,686$47,184$29,813
16 years$83,291$70,501$59,408$49,861$41,701$25,387
17 years$77,577$64,929$54,059$44,800$36,975$21,674
18 years$72,504$59,997$49,349$40,373$32,876$18,544
19 years$67,971$55,605$45,177$36,481$29,303$15,895
20 years$63,895$51,671$41,461$33,040$26,174$13,646
21 years$60,213$48,129$38,136$29,986$23,423$11,730
22 years$56,870$44,927$35,148$27,264$20,996$10,095
23 years$53,822$42,019$32,453$24,830$18,847$8,696
24 years$51,032$39,369$30,014$22,647$16,940$7,497
25 years$48,469$36,946$27,799$20,682$15,243$6,468
26 years$46,108$34,723$25,782$18,911$13,731$5,583
27 years$43,925$32,679$23,941$17,309$12,379$4,822
28 years$41,901$30,793$22,256$15,859$11,170$4,167
29 years$40,021$29,050$20,711$14,543$10,086$3,602
30 years$38,269$27,434$19,292$13,347$9,114$3,115
31 years$36,633$25,935$17,985$12,258$8,240$2,694
32 years$35,103$24,539$16,780$11,266$7,453$2,331
33 years$33,668$23,239$15,668$10,360$6,745$2,017
34 years$32,321$22,026$14,639$9,532$6,107$1,746
35 years$31,053$20,891$13,687$8,775$5,531$1,511
36 years$29,859$19,828$12,804$8,081$5,012$1,308
37 years$28,732$18,833$11,984$7,446$4,542$1,133
38 years$27,666$17,898$11,222$6,863$4,118$981
39 years$26,658$17,019$10,514$6,328$3,734$850
40 years$25,703$16,192$9,855$5,837$3,387$736
41 years$24,796$15,413$9,241$5,385$3,073$637
42 years$23,935$14,679$8,668$4,970$2,788$552
43 years$23,116$13,986$8,134$4,588$2,531$478
44 years$22,337$13,332$7,635$4,236$2,297$414
45 years$21,594$12,713$7,169$3,912$2,085$359
46 years$20,886$12,128$6,733$3,614$1,893$311
47 years$20,210$11,574$6,326$3,338$1,719$269
48 years$19,564$11,049$5,945$3,085$1,561$233
49 years$18,946$10,551$5,588$2,851$1,418$202
50 years$18,355$10,079$5,253$2,635$1,288$175

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $18,800,000, adding $4,734 every year, while hoping to spend $42,647 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: 85/5/10 Blend
65$18,800,000$18,800,000$18,800,000$18,800,000
66$20,722,483$19,726,083$19,434,683$22,453,506
67$22,790,800$20,647,285$20,040,369$24,506,462
68$25,068,657$21,612,197$20,664,916$26,755,419
69$27,577,380$22,622,915$21,308,911$29,225,045
70$30,340,472$23,681,637$21,972,959$31,937,534
71$33,383,831$24,790,668$22,657,683$34,917,328
72$36,735,994$25,952,423$23,363,728$38,191,353
73$40,428,409$27,169,435$24,091,757$41,789,266
74$44,495,728$28,444,359$24,842,452$45,743,738
75$48,976,138$29,779,978$25,616,520$50,090,755
76$53,911,718$31,179,211$26,414,688$54,869,963
77$59,348,838$32,645,117$27,237,704$60,125,033
78$65,338,595$34,180,903$28,086,343$65,904,077
79$71,937,296$35,789,932$28,961,400$72,260,098
80$79,206,992$37,475,730$29,863,698$79,251,486
81$87,216,057$39,241,993$30,794,084$86,942,571
82$96,039,840$41,092,596$31,753,431$95,404,225
83$105,761,373$43,031,602$32,742,640$104,714,532
84$116,472,155$45,063,273$33,762,640$114,959,516
85$128,273,014$47,192,073$34,814,389$126,233,959
86$141,275,064$49,422,687$35,898,873$138,642,287
87$155,600,746$51,760,024$37,017,111$152,299,555
88$171,384,990$54,209,233$38,170,151$167,332,530
89$188,776,485$56,775,711$39,359,078$183,880,884
90$207,939,084$59,465,119$40,585,005$202,098,512
91$229,053,352$62,283,391$41,849,084$222,154,977
92$252,318,267$65,236,750$43,152,501$244,237,113
93$277,953,099$68,331,719$44,496,478$268,550,778
94$306,199,482$71,575,141$45,882,278$295,322,802
95$337,323,695$74,974,188$47,311,199$324,803,116
96$371,619,170$78,536,382$48,784,583$357,267,114
97$409,409,271$82,269,611$50,303,812$393,018,247
98$451,050,338$86,182,143$51,870,311$432,390,880
99$496,935,055$90,282,650$53,485,549$475,753,447
100$547,496,158$94,580,227$55,151,042$523,511,924