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%11.8%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,503,648
2 years$776,734$762,268$748,248$734,655$721,470$709,938
3 years$512,679$498,150$484,166$470,701$457,730$446,462
4 years$380,677$366,193$352,349$339,113$326,457$315,539
5 years$301,497$287,100$273,437$260,471$248,167$237,631
6 years$248,727$234,439$220,978$208,301$196,366$186,226
7 years$211,050$196,881$183,634$171,256$159,698$149,959
8 years$182,804$168,764$155,736$143,662$132,485$123,146
9 years$160,847$146,939$134,135$122,368$111,572$102,630
10 years$143,292$129,520$116,942$105,483$95,065$86,516
11 years$128,937$115,304$102,954$91,802$81,759$73,597
12 years$116,984$103,490$91,369$80,522$70,850$63,068
13 years$106,878$93,525$81,632$71,089$61,783$54,372
14 years$98,223$85,012$73,347$63,105$54,159$47,110
15 years$90,728$77,660$66,222$56,279$47,686$40,989
16 years$84,177$71,251$60,040$50,391$42,145$35,790
17 years$78,403$65,620$54,634$45,276$37,368$31,345
18 years$73,276$60,636$49,874$40,803$33,226$27,524
19 years$68,694$56,197$45,657$36,869$29,615$24,222
20 years$64,575$52,221$41,902$33,392$26,453$21,358
21 years$60,853$48,641$38,542$30,305$23,672$18,864
22 years$57,475$45,405$35,522$27,554$21,219$16,686
23 years$54,394$42,466$32,798$25,094$19,047$14,778
24 years$51,575$39,788$30,333$22,888$17,120$13,103
25 years$48,985$37,339$28,094$20,902$15,406$11,629
26 years$46,598$35,093$26,056$19,112$13,877$10,330
27 years$44,392$33,026$24,195$17,494$12,511$9,184
28 years$42,347$31,121$22,493$16,028$11,289$8,170
29 years$40,446$29,359$20,931$14,698$10,194$7,272
30 years$38,676$27,726$19,497$13,489$9,211$6,477
31 years$37,023$26,211$18,176$12,389$8,327$5,771
32 years$35,476$24,800$16,959$11,385$7,533$5,144
33 years$34,026$23,486$15,835$10,470$6,817$4,587
34 years$32,665$22,260$14,795$9,633$6,172$4,092
35 years$31,384$21,113$13,832$8,868$5,590$3,651
36 years$30,176$20,039$12,940$8,167$5,065$3,259
37 years$29,037$19,033$12,111$7,525$4,591$2,909
38 years$27,961$18,088$11,342$6,936$4,162$2,597
39 years$26,942$17,200$10,626$6,395$3,774$2,320
40 years$25,976$16,364$9,960$5,899$3,423$2,072
41 years$25,060$15,577$9,339$5,442$3,106$1,851
42 years$24,190$14,835$8,760$5,023$2,818$1,654
43 years$23,362$14,135$8,220$4,636$2,558$1,478
44 years$22,575$13,474$7,716$4,281$2,321$1,321
45 years$21,824$12,848$7,245$3,954$2,107$1,180
46 years$21,108$12,257$6,805$3,652$1,913$1,055
47 years$20,425$11,697$6,393$3,374$1,738$943
48 years$19,772$11,166$6,008$3,118$1,578$843
49 years$19,148$10,663$5,647$2,881$1,433$754
50 years$18,551$10,186$5,309$2,663$1,302$674

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 $6,552 every year, while hoping to spend $50,797 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: 47/32/21 Blend
65$19,000,000$19,000,000$19,000,000$19,000,000
66$20,944,758$19,937,758$19,643,258$21,803,632
67$23,027,076$20,860,661$20,247,260$23,327,333
68$25,320,088$21,827,083$20,869,793$24,974,616
69$27,845,230$22,839,104$21,511,425$26,761,584
70$30,626,126$23,898,902$22,172,740$28,701,331
71$33,688,805$25,008,762$22,854,340$30,808,236
72$37,061,950$26,171,078$23,556,847$33,098,093
73$40,777,167$27,388,359$24,280,900$35,588,255
74$44,869,285$28,663,237$25,027,158$38,297,787
75$49,376,685$29,998,468$25,796,300$41,247,640
76$54,341,657$31,396,943$26,589,027$44,460,841
77$59,810,806$32,861,693$27,406,059$47,962,703
78$65,835,486$34,395,894$28,248,140$51,781,052
79$72,472,290$36,002,877$29,116,036$55,946,483
80$79,783,577$37,686,131$30,010,537$60,492,638
81$87,838,067$39,449,317$30,932,455$65,456,515
82$96,711,487$41,296,271$31,882,630$70,878,807
83$106,487,285$43,231,014$32,861,924$76,804,271
84$117,257,418$45,257,764$33,871,228$83,282,145
85$129,123,220$47,380,940$34,911,460$90,366,597
86$142,196,359$49,605,176$35,983,564$98,117,224
87$156,599,888$51,935,331$37,088,515$106,599,604
88$172,469,412$54,376,497$38,227,315$115,885,900
89$189,954,362$56,934,016$39,401,000$126,055,524
90$209,219,409$59,613,484$40,610,636$137,195,877
91$230,446,016$62,420,772$41,857,319$149,403,156
92$253,834,153$65,362,033$43,142,183$162,783,244
93$279,604,183$68,443,720$44,466,393$177,452,695
94$307,998,944$71,672,596$45,831,150$193,539,816
95$339,286,036$75,055,753$47,237,694$211,185,858
96$373,760,355$78,600,628$48,687,300$230,546,332
97$411,746,869$82,315,017$50,181,283$251,792,456
98$453,603,691$86,207,094$51,720,997$275,112,747
99$499,725,456$90,285,430$53,307,839$300,714,785
100$550,547,048$94,559,011$54,943,247$328,827,141