Can I retire at age 66 with 19,100,000?

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 $19,100,000?

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$1,577,260$1,563,211$1,549,504$1,536,125$1,523,061$1,469,021
2 years$780,822$766,280$752,186$738,521$725,267$671,399
3 years$515,377$500,772$486,714$473,178$460,139$408,136
4 years$382,681$368,121$354,203$340,898$328,175$278,434
5 years$303,084$288,611$274,876$261,842$249,474$202,124
6 years$250,036$235,673$222,141$209,397$197,400$152,479
7 years$212,160$197,918$184,600$172,157$160,539$118,036
8 years$183,766$169,652$156,556$144,418$133,183$93,063
9 years$161,694$147,712$134,841$123,012$112,159$74,370
10 years$144,046$130,201$117,558$106,038$95,565$60,042
11 years$129,616$115,911$103,496$92,285$82,189$48,860
12 years$117,600$104,035$91,850$80,946$71,223$40,008
13 years$107,440$94,017$82,062$71,463$62,108$32,922
14 years$98,740$85,459$73,733$63,437$54,444$27,199
15 years$91,206$78,068$66,571$56,575$47,936$22,543
16 years$84,620$71,626$60,356$50,657$42,366$18,734
17 years$78,815$65,965$54,922$45,515$37,565$15,602
18 years$73,661$60,955$50,137$41,018$33,401$13,016
19 years$69,055$56,492$45,898$37,063$29,771$10,875
20 years$64,915$52,495$42,123$33,568$26,592$9,098
21 years$61,174$48,897$38,745$30,465$23,797$7,618
22 years$57,777$45,644$35,709$27,700$21,331$6,385
23 years$54,681$42,690$32,971$25,226$19,148$5,355
24 years$51,846$39,998$30,493$23,008$17,210$4,494
25 years$49,243$37,536$28,242$21,012$15,487$3,773
26 years$46,843$35,278$26,193$19,213$13,950$3,169
27 years$44,626$33,200$24,323$17,586$12,577$2,663
28 years$42,570$31,284$22,611$16,112$11,348$2,238
29 years$40,659$29,513$21,042$14,775$10,247$1,881
30 years$38,879$27,872$19,600$13,560$9,259$1,582
31 years$37,218$26,348$18,272$12,454$8,371$1,330
32 years$35,663$24,931$17,048$11,445$7,572$1,119
33 years$34,205$23,610$15,918$10,525$6,853$941
34 years$32,836$22,377$14,873$9,684$6,205$792
35 years$31,549$21,224$13,905$8,915$5,620$666
36 years$30,335$20,145$13,008$8,210$5,092$561
37 years$29,190$19,133$12,175$7,564$4,615$472
38 years$28,108$18,183$11,401$6,972$4,184$397
39 years$27,083$17,290$10,682$6,429$3,794$334
40 years$26,113$16,450$10,012$5,930$3,441$281
41 years$25,192$15,659$9,388$5,471$3,122$237
42 years$24,317$14,913$8,806$5,049$2,833$199
43 years$23,485$14,209$8,264$4,661$2,571$168
44 years$22,694$13,545$7,757$4,303$2,334$141
45 years$21,939$12,916$7,283$3,974$2,119$119
46 years$21,220$12,321$6,841$3,671$1,924$100
47 years$20,533$11,758$6,427$3,392$1,747$84
48 years$19,876$11,225$6,039$3,134$1,586$71
49 years$19,249$10,719$5,677$2,896$1,441$60
50 years$18,648$10,239$5,337$2,677$1,309$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $19,100,000, adding $3,111 every year, while hoping to spend $24,291 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: 54/34/12 Blend
65$19,100,000$19,100,000$19,100,000$19,100,000
66$21,051,409$20,039,109$19,743,059$22,122,712
67$23,172,807$20,995,180$20,378,606$23,807,128
68$25,509,774$21,997,284$21,034,630$25,636,642
69$28,084,272$23,047,652$21,711,791$27,627,343
70$30,920,502$24,148,621$22,410,770$29,794,552
71$34,045,134$25,302,644$23,132,272$32,155,100
72$37,487,557$26,512,293$23,877,022$34,727,485
73$41,280,156$27,780,264$24,645,771$37,532,031
74$45,458,620$29,109,385$25,439,292$40,591,083
75$50,062,276$30,502,621$26,258,385$43,929,198
76$55,134,461$31,963,083$27,103,874$47,573,379
77$60,722,932$33,494,031$27,976,610$51,553,313
78$66,880,318$35,098,885$28,877,473$55,901,646
79$73,664,612$36,781,231$29,807,370$60,654,282
80$81,139,723$38,544,832$30,767,237$65,850,709
81$89,376,076$40,393,631$31,758,041$71,534,363
82$98,451,281$42,331,763$32,780,781$77,753,025
83$108,450,860$44,363,568$33,836,485$84,559,265
84$119,469,059$46,493,595$34,926,219$92,010,921
85$131,609,736$48,726,613$36,051,080$100,171,632
86$144,987,338$51,067,626$37,212,200$109,111,431
87$159,727,988$53,521,882$38,410,750$118,907,388
88$175,970,671$56,094,882$39,647,938$129,644,320
89$193,868,546$58,792,397$40,925,011$141,415,584
90$213,590,393$61,620,480$42,243,254$154,323,936
91$235,322,207$64,585,478$43,603,997$168,482,485
92$259,268,953$67,694,047$45,008,612$184,015,747
93$285,656,498$70,953,168$46,458,513$201,060,796
94$314,733,750$74,370,162$47,955,162$219,768,545
95$346,775,001$77,952,708$49,500,068$240,305,145
96$382,082,519$81,708,859$51,094,789$262,853,536
97$420,989,403$85,647,060$52,740,931$287,615,150
98$463,862,725$89,776,169$54,440,155$314,811,788
99$511,106,996$94,105,474$56,194,173$344,687,694
100$563,167,987$98,644,720$58,004,755$377,511,830