Can I retire at age 66 with 19,000,000?

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 $19,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,485,712
2 years$776,734$762,268$748,248$734,655$721,470$691,994
3 years$512,679$498,150$484,166$470,701$457,730$429,073
4 years$380,677$366,193$352,349$339,113$326,457$298,839
5 years$301,497$287,100$273,437$260,471$248,167$221,667
6 years$248,727$234,439$220,978$208,301$196,366$171,013
7 years$211,050$196,881$183,634$171,256$159,698$135,498
8 years$182,804$168,764$155,736$143,662$132,485$109,432
9 years$160,847$146,939$134,135$122,368$111,572$89,650
10 years$143,292$129,520$116,942$105,483$95,065$74,254
11 years$128,937$115,304$102,954$91,802$81,759$62,034
12 years$116,984$103,490$91,369$80,522$70,850$52,184
13 years$106,878$93,525$81,632$71,089$61,783$44,145
14 years$98,223$85,012$73,347$63,105$54,159$37,515
15 years$90,728$77,660$66,222$56,279$47,686$32,003
16 years$84,177$71,251$60,040$50,391$42,145$27,387
17 years$78,403$65,620$54,634$45,276$37,368$23,499
18 years$73,276$60,636$49,874$40,803$33,226$20,209
19 years$68,694$56,197$45,657$36,869$29,615$17,413
20 years$64,575$52,221$41,902$33,392$26,453$15,027
21 years$60,853$48,641$38,542$30,305$23,672$12,987
22 years$57,475$45,405$35,522$27,554$21,219$11,237
23 years$54,394$42,466$32,798$25,094$19,047$9,733
24 years$51,575$39,788$30,333$22,888$17,120$8,437
25 years$48,985$37,339$28,094$20,902$15,406$7,320
26 years$46,598$35,093$26,056$19,112$13,877$6,354
27 years$44,392$33,026$24,195$17,494$12,511$5,519
28 years$42,347$31,121$22,493$16,028$11,289$4,796
29 years$40,446$29,359$20,931$14,698$10,194$4,170
30 years$38,676$27,726$19,497$13,489$9,211$3,627
31 years$37,023$26,211$18,176$12,389$8,327$3,155
32 years$35,476$24,800$16,959$11,385$7,533$2,746
33 years$34,026$23,486$15,835$10,470$6,817$2,390
34 years$32,665$22,260$14,795$9,633$6,172$2,081
35 years$31,384$21,113$13,832$8,868$5,590$1,812
36 years$30,176$20,039$12,940$8,167$5,065$1,578
37 years$29,037$19,033$12,111$7,525$4,591$1,374
38 years$27,961$18,088$11,342$6,936$4,162$1,197
39 years$26,942$17,200$10,626$6,395$3,774$1,043
40 years$25,976$16,364$9,960$5,899$3,423$909
41 years$25,060$15,577$9,339$5,442$3,106$792
42 years$24,190$14,835$8,760$5,023$2,818$690
43 years$23,362$14,135$8,220$4,636$2,558$601
44 years$22,575$13,474$7,716$4,281$2,321$524
45 years$21,824$12,848$7,245$3,954$2,107$457
46 years$21,108$12,257$6,805$3,652$1,913$398
47 years$20,425$11,697$6,393$3,374$1,738$347
48 years$19,772$11,166$6,008$3,118$1,578$303
49 years$19,148$10,663$5,647$2,881$1,433$264
50 years$18,551$10,186$5,309$2,663$1,302$230

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $19,000,000, adding $6,815 every year, while hoping to spend $54,800 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$19,000,000$19,000,000$19,000,000$19,000,000
66$20,945,030$19,938,030$19,643,530$22,694,467
67$23,023,116$20,856,686$20,243,281$24,757,222
68$25,311,330$21,818,521$20,861,288$27,015,082
69$27,831,048$22,825,590$21,498,103$29,494,112
70$30,605,823$23,880,052$22,154,297$32,216,549
71$33,661,609$24,984,166$22,830,458$35,206,882
72$37,027,006$26,140,303$23,527,191$38,492,088
73$40,733,528$27,350,946$24,245,120$42,101,883
74$44,815,904$28,618,699$24,984,888$46,068,997
75$49,312,400$29,946,289$25,747,155$50,429,489
76$54,265,185$31,336,577$26,532,605$55,223,077
77$59,720,726$32,792,561$27,341,939$60,493,517
78$65,730,227$34,317,384$28,175,881$66,289,014
79$72,350,114$35,914,340$29,035,177$72,662,670
80$79,642,565$37,586,881$29,920,595$79,672,988
81$87,676,097$39,338,629$30,832,926$87,384,420
82$96,526,214$41,173,377$31,772,984$95,867,975
83$106,276,119$43,095,103$32,741,609$105,201,883
84$117,017,497$45,107,977$33,739,667$115,472,335
85$128,851,384$47,216,370$34,768,048$126,774,293
86$141,889,117$49,424,865$35,827,670$139,212,382
87$156,253,389$51,738,265$36,919,478$152,901,878
88$172,079,400$54,161,606$38,044,447$167,969,789
89$189,516,143$56,700,168$39,203,580$184,556,055
90$208,727,799$59,359,486$40,397,909$202,814,865
91$229,895,296$62,145,362$41,628,501$222,916,107
92$253,218,012$65,063,880$42,896,451$245,046,971
93$278,915,656$68,121,418$44,202,889$269,413,712
94$307,230,347$71,324,661$45,548,980$296,243,591
95$338,428,892$74,680,619$46,935,921$325,787,022
96$372,805,313$78,196,643$48,364,947$358,319,925
97$410,683,613$81,880,437$49,837,332$394,146,333
98$452,420,843$85,740,080$51,354,384$433,601,253
99$498,410,467$89,784,042$52,917,454$477,053,827
100$549,086,078$94,021,203$54,527,931$524,910,812