Can I retire at age 66 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,465,332
2 years$772,646$758,256$744,310$730,788$717,673$675,891
3 years$509,981$495,529$481,618$468,223$455,321$414,847
4 years$378,674$364,266$350,494$337,328$324,739$285,883
5 years$299,910$285,589$271,998$259,101$246,861$209,730
6 years$247,418$233,205$219,815$207,205$195,333$159,962
7 years$209,939$195,845$182,667$170,354$158,858$125,248
8 years$181,842$167,875$154,916$142,906$131,788$99,920
9 years$160,000$146,166$133,429$121,724$110,985$80,829
10 years$142,537$128,838$116,327$104,928$94,564$66,082
11 years$128,259$114,697$102,412$91,318$81,329$54,474
12 years$116,368$102,946$90,888$80,099$70,478$45,200
13 years$106,315$93,033$81,203$70,715$61,458$37,703
14 years$97,706$84,564$72,961$62,773$53,874$31,584
15 years$90,251$77,251$65,874$55,982$47,435$26,551
16 years$83,734$70,876$59,724$50,126$41,923$22,385
17 years$77,990$65,274$54,347$45,038$37,172$18,918
18 years$72,890$60,317$49,612$40,588$33,051$16,020
19 years$68,332$55,901$45,417$36,675$29,459$13,588
20 years$64,235$51,946$41,681$33,216$26,314$11,542
21 years$60,533$48,385$38,339$30,146$23,548$9,816
22 years$57,172$45,166$35,335$27,409$21,107$8,356
23 years$54,108$42,243$32,626$24,962$18,947$7,119
24 years$51,303$39,579$30,173$22,767$17,030$6,070
25 years$48,727$37,143$27,947$20,792$15,324$5,179
26 years$46,353$34,908$25,919$19,011$13,804$4,420
27 years$44,158$32,853$24,068$17,402$12,445$3,775
28 years$42,124$30,957$22,374$15,944$11,230$3,225
29 years$40,233$29,204$20,821$14,621$10,140$2,756
30 years$38,472$27,580$19,394$13,418$9,162$2,356
31 years$36,828$26,073$18,081$12,323$8,283$2,014
32 years$35,289$24,670$16,870$11,326$7,493$1,722
33 years$33,847$23,363$15,751$10,415$6,781$1,473
34 years$32,493$22,143$14,717$9,582$6,140$1,260
35 years$31,218$21,002$13,759$8,821$5,561$1,078
36 years$30,018$19,934$12,872$8,124$5,038$922
37 years$28,884$18,933$12,048$7,485$4,566$789
38 years$27,813$17,993$11,282$6,899$4,140$675
39 years$26,800$17,109$10,570$6,362$3,754$578
40 years$25,839$16,278$9,907$5,868$3,405$495
41 years$24,928$15,495$9,290$5,414$3,089$423
42 years$24,062$14,757$8,714$4,996$2,803$362
43 years$23,239$14,061$8,177$4,612$2,544$310
44 years$22,456$13,403$7,676$4,258$2,309$266
45 years$21,709$12,781$7,207$3,933$2,096$227
46 years$20,997$12,192$6,769$3,633$1,903$195
47 years$20,318$11,635$6,360$3,356$1,728$167
48 years$19,668$11,107$5,976$3,101$1,570$143
49 years$19,047$10,607$5,617$2,866$1,426$122
50 years$18,453$10,132$5,281$2,649$1,295$105

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $18,900,000, adding $6,355 every year, while hoping to spend $43,535 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: 37/36/27 Blend
65$18,900,000$18,900,000$18,900,000$18,900,000
66$20,834,355$19,832,655$19,539,705$21,436,639
67$22,913,139$20,758,134$20,147,964$22,806,878
68$25,202,499$21,727,503$20,775,141$24,281,519
69$27,723,868$22,742,866$21,421,823$25,873,574
70$30,500,865$23,806,428$22,088,617$27,593,676
71$33,559,515$24,920,504$22,776,147$29,453,484
72$36,928,494$26,087,518$23,485,057$31,465,787
73$40,639,406$27,310,012$24,216,011$33,644,616
74$44,727,074$28,590,651$24,969,696$36,005,367
75$49,229,870$29,932,227$25,746,815$38,564,938
76$54,190,082$31,337,671$26,548,099$41,341,881
77$59,654,306$32,810,053$27,374,296$44,356,565
78$65,673,892$34,352,592$28,226,181$47,631,358
79$72,305,423$35,968,663$29,104,552$51,190,829
80$79,611,253$37,661,805$30,010,232$55,061,968
81$87,660,094$39,435,727$30,944,068$59,274,429
82$96,527,664$41,294,318$31,906,935$63,860,799
83$106,297,404$43,241,658$32,899,735$68,856,891
84$117,061,260$45,282,020$33,923,397$74,302,070
85$128,920,557$47,419,887$34,978,880$80,239,611
86$141,986,953$49,659,961$36,067,171$86,717,091
87$156,383,491$52,007,167$37,189,290$93,786,826
88$172,245,762$54,466,674$38,346,287$101,506,345
89$189,723,187$57,043,898$39,539,244$109,938,922
90$208,980,422$59,744,519$40,769,279$119,154,151
91$230,198,917$62,574,493$42,037,542$129,228,586
92$253,578,628$65,540,064$43,345,221$140,246,446
93$279,339,900$68,647,780$44,693,538$152,300,391
94$307,725,555$71,904,505$46,083,756$165,492,371
95$339,003,175$75,317,440$47,517,176$179,934,574
96$373,467,635$78,894,131$48,995,138$195,750,457
97$411,443,884$82,642,493$50,519,024$213,075,888
98$453,290,010$86,570,825$52,090,262$232,060,407
99$499,400,625$90,687,829$53,710,319$252,868,610
100$550,210,586$95,002,630$55,380,713$275,681,673