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%17.3%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,462,384
2 years$772,646$758,256$744,310$730,788$717,673$672,979
3 years$509,981$495,529$481,618$468,223$455,321$412,064
4 years$378,674$364,266$350,494$337,328$324,739$283,249
5 years$299,910$285,589$271,998$259,101$246,861$207,252
6 years$247,418$233,205$219,815$207,205$195,333$157,639
7 years$209,939$195,845$182,667$170,354$158,858$123,079
8 years$181,842$167,875$154,916$142,906$131,788$97,902
9 years$160,000$146,166$133,429$121,724$110,985$78,957
10 years$142,537$128,838$116,327$104,928$94,564$64,350
11 years$128,259$114,697$102,412$91,318$81,329$52,876
12 years$116,368$102,946$90,888$80,099$70,478$43,729
13 years$106,315$93,033$81,203$70,715$61,458$36,353
14 years$97,706$84,564$72,961$62,773$53,874$30,349
15 years$90,251$77,251$65,874$55,982$47,435$25,423
16 years$83,734$70,876$59,724$50,126$41,923$21,357
17 years$77,990$65,274$54,347$45,038$37,172$17,983
18 years$72,890$60,317$49,612$40,588$33,051$15,172
19 years$68,332$55,901$45,417$36,675$29,459$12,821
20 years$64,235$51,946$41,681$33,216$26,314$10,849
21 years$60,533$48,385$38,339$30,146$23,548$9,191
22 years$57,172$45,166$35,335$27,409$21,107$7,793
23 years$54,108$42,243$32,626$24,962$18,947$6,614
24 years$51,303$39,579$30,173$22,767$17,030$5,617
25 years$48,727$37,143$27,947$20,792$15,324$4,773
26 years$46,353$34,908$25,919$19,011$13,804$4,058
27 years$44,158$32,853$24,068$17,402$12,445$3,451
28 years$42,124$30,957$22,374$15,944$11,230$2,936
29 years$40,233$29,204$20,821$14,621$10,140$2,499
30 years$38,472$27,580$19,394$13,418$9,162$2,127
31 years$36,828$26,073$18,081$12,323$8,283$1,811
32 years$35,289$24,670$16,870$11,326$7,493$1,542
33 years$33,847$23,363$15,751$10,415$6,781$1,314
34 years$32,493$22,143$14,717$9,582$6,140$1,119
35 years$31,218$21,002$13,759$8,821$5,561$953
36 years$30,018$19,934$12,872$8,124$5,038$812
37 years$28,884$18,933$12,048$7,485$4,566$692
38 years$27,813$17,993$11,282$6,899$4,140$590
39 years$26,800$17,109$10,570$6,362$3,754$503
40 years$25,839$16,278$9,907$5,868$3,405$428
41 years$24,928$15,495$9,290$5,414$3,089$365
42 years$24,062$14,757$8,714$4,996$2,803$311
43 years$23,239$14,061$8,177$4,612$2,544$265
44 years$22,456$13,403$7,676$4,258$2,309$226
45 years$21,709$12,781$7,207$3,933$2,096$193
46 years$20,997$12,192$6,769$3,633$1,903$164
47 years$20,318$11,635$6,360$3,356$1,728$140
48 years$19,668$11,107$5,976$3,101$1,570$119
49 years$19,047$10,607$5,617$2,866$1,426$102
50 years$18,453$10,132$5,281$2,649$1,295$87

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 $4,823 every year, while hoping to spend $26,646 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: 53/29/18 Blend
65$18,900,000$18,900,000$18,900,000$18,900,000
66$20,832,775$19,831,075$19,538,125$21,834,710
67$22,929,367$20,774,446$20,164,301$23,465,192
68$25,238,918$21,763,150$20,810,561$25,235,172
69$27,783,122$22,799,379$21,477,549$27,160,519
70$30,585,885$23,885,433$22,165,932$29,256,020
71$33,673,550$25,023,724$22,876,395$31,537,921
72$37,075,145$26,216,779$23,609,647$34,024,078
73$40,822,660$27,467,252$24,366,421$36,734,118
74$44,951,346$28,777,922$25,147,470$39,689,616
75$49,500,049$30,151,705$25,953,576$42,914,292
76$54,511,574$31,591,659$26,785,541$46,434,227
77$60,033,095$33,100,990$27,644,196$50,278,104
78$66,116,592$34,683,061$28,530,399$54,477,464
79$72,819,351$36,341,397$29,445,033$59,067,002
80$80,204,495$38,079,696$30,389,012$64,084,882
81$88,341,587$39,901,834$31,363,278$69,573,087
82$97,307,284$41,811,879$32,368,803$75,577,807
83$107,186,060$43,814,094$33,406,591$82,149,864
84$118,071,004$45,912,951$34,477,678$89,345,181
85$130,064,699$48,113,139$35,583,133$97,225,298
86$143,280,191$50,419,575$36,724,060$105,857,942
87$157,842,053$52,837,417$37,901,599$115,317,651
88$173,887,564$55,372,072$39,116,924$125,686,471
89$191,568,005$58,029,213$40,371,250$137,054,707
90$211,050,084$60,814,786$41,665,829$149,521,771
91$232,517,512$63,735,030$43,001,954$163,197,099
92$256,172,737$66,796,486$44,380,959$178,201,172
93$282,238,857$70,006,014$45,804,222$194,666,634
94$310,961,721$73,370,809$47,273,163$212,739,530
95$342,612,253$76,898,416$48,789,251$232,580,664
96$377,489,012$80,596,747$50,354,000$254,367,101
97$415,921,005$84,474,101$51,968,972$278,293,817
98$458,270,796$88,539,181$53,635,782$304,575,519
99$504,937,931$92,801,114$55,356,094$333,448,652
100$556,362,703$97,269,473$57,131,627$365,173,605