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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.8%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,445,948
2 years$768,558$754,244$740,372$726,922$713,875$660,854
3 years$507,282$492,907$479,070$465,746$452,912$401,725
4 years$376,670$362,339$348,640$335,544$323,021$274,060
5 years$298,323$284,078$270,559$257,730$245,555$198,950
6 years$246,109$231,971$218,652$206,108$194,299$150,084
7 years$208,828$194,809$181,701$169,453$158,017$116,182
8 years$180,880$166,987$154,097$142,150$131,091$91,601
9 years$159,154$145,392$132,723$121,080$110,397$73,202
10 years$141,783$128,156$115,711$104,372$94,064$59,099
11 years$127,580$114,090$101,870$90,835$80,898$48,092
12 years$115,753$102,401$90,407$79,675$70,105$39,379
13 years$105,753$92,541$80,773$70,341$61,133$32,405
14 years$97,189$84,117$72,575$62,441$53,589$26,772
15 years$89,773$76,842$65,525$55,686$47,184$22,189
16 years$83,291$70,501$59,408$49,861$41,701$18,440
17 years$77,577$64,929$54,059$44,800$36,975$15,357
18 years$72,504$59,997$49,349$40,373$32,876$12,812
19 years$67,971$55,605$45,177$36,481$29,303$10,705
20 years$63,895$51,671$41,461$33,040$26,174$8,955
21 years$60,213$48,129$38,136$29,986$23,423$7,499
22 years$56,870$44,927$35,148$27,264$20,996$6,285
23 years$53,822$42,019$32,453$24,830$18,847$5,271
24 years$51,032$39,369$30,014$22,647$16,940$4,423
25 years$48,469$36,946$27,799$20,682$15,243$3,714
26 years$46,108$34,723$25,782$18,911$13,731$3,119
27 years$43,925$32,679$23,941$17,309$12,379$2,621
28 years$41,901$30,793$22,256$15,859$11,170$2,203
29 years$40,021$29,050$20,711$14,543$10,086$1,852
30 years$38,269$27,434$19,292$13,347$9,114$1,557
31 years$36,633$25,935$17,985$12,258$8,240$1,309
32 years$35,103$24,539$16,780$11,266$7,453$1,101
33 years$33,668$23,239$15,668$10,360$6,745$927
34 years$32,321$22,026$14,639$9,532$6,107$779
35 years$31,053$20,891$13,687$8,775$5,531$656
36 years$29,859$19,828$12,804$8,081$5,012$552
37 years$28,732$18,833$11,984$7,446$4,542$464
38 years$27,666$17,898$11,222$6,863$4,118$391
39 years$26,658$17,019$10,514$6,328$3,734$329
40 years$25,703$16,192$9,855$5,837$3,387$277
41 years$24,796$15,413$9,241$5,385$3,073$233
42 years$23,935$14,679$8,668$4,970$2,788$196
43 years$23,116$13,986$8,134$4,588$2,531$165
44 years$22,337$13,332$7,635$4,236$2,297$139
45 years$21,594$12,713$7,169$3,912$2,085$117
46 years$20,886$12,128$6,733$3,614$1,893$98
47 years$20,210$11,574$6,326$3,338$1,719$83
48 years$19,564$11,049$5,945$3,085$1,561$70
49 years$18,946$10,551$5,588$2,851$1,418$59
50 years$18,355$10,079$5,253$2,635$1,288$49

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 $2,806 every year, while hoping to spend $29,729 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: 64/19/17 Blend
65$18,800,000$18,800,000$18,800,000$18,800,000
66$20,720,494$19,724,094$19,432,694$21,958,954
67$22,802,353$20,658,944$20,052,058$23,725,164
68$25,095,566$21,638,604$20,691,174$25,650,146
69$27,621,658$22,665,240$21,350,673$27,752,320
70$30,404,351$23,741,121$22,031,205$30,048,983
71$33,469,786$24,868,627$22,733,441$32,559,163
72$36,846,766$26,050,252$23,458,074$35,303,795
73$40,567,036$27,288,614$24,205,819$38,305,913
74$44,665,572$28,586,455$24,977,413$41,590,863
75$49,180,922$29,946,652$25,773,617$45,186,538
76$54,155,560$31,372,222$26,595,217$49,123,635
77$59,636,294$32,866,328$27,443,024$53,435,938
78$65,674,704$34,432,286$28,317,873$58,160,635
79$72,327,631$36,073,575$29,220,629$63,338,658
80$79,657,710$37,793,841$30,152,181$69,015,068
81$87,733,966$39,596,909$31,113,449$75,239,469
82$96,632,463$41,486,789$32,105,381$82,066,474
83$106,437,019$43,467,687$33,128,956$89,556,208
84$117,240,003$45,544,012$34,185,185$97,774,875
85$129,143,204$47,720,389$35,275,109$106,795,368
86$142,258,790$50,001,667$36,399,804$116,697,953
87$156,710,369$52,392,932$37,560,381$127,571,018
88$172,634,157$54,899,516$38,757,984$139,511,896
89$190,180,260$57,527,011$39,993,795$152,627,777
90$209,514,095$60,281,283$41,269,035$167,036,709
91$230,817,947$63,168,480$42,584,962$182,868,702
92$254,292,694$66,195,052$43,942,875$200,266,945
93$280,159,703$69,367,763$45,344,115$219,389,146
94$308,662,914$72,693,705$46,790,065$240,409,010
95$340,071,151$76,180,317$48,282,152$263,517,865
96$374,680,654$79,835,398$49,821,849$288,926,457
97$412,817,876$83,667,128$51,410,677$316,866,925
98$454,842,569$87,684,087$53,050,204$347,594,980
99$501,151,175$91,895,271$54,742,050$381,392,303
100$552,180,571$96,310,115$56,487,884$418,569,188