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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.7%
1 years$1,577,260$1,563,211$1,549,504$1,536,125$1,523,061$1,505,902
2 years$780,822$766,280$752,186$738,521$725,267$707,994
3 years$515,377$500,772$486,714$473,178$460,139$443,287
4 years$382,681$368,121$354,203$340,898$328,175$311,874
5 years$303,084$288,611$274,876$261,842$249,474$233,771
6 years$250,036$235,673$222,141$209,397$197,400$182,315
7 years$212,160$197,918$184,600$172,157$160,539$146,078
8 years$183,766$169,652$156,556$144,418$133,183$119,344
9 years$161,694$147,712$134,841$123,012$112,159$98,938
10 years$144,046$130,201$117,558$106,038$95,565$82,953
11 years$129,616$115,911$103,496$92,285$82,189$70,175
12 years$117,600$104,035$91,850$80,946$71,223$59,795
13 years$107,440$94,017$82,062$71,463$62,108$51,251
14 years$98,740$85,459$73,733$63,437$54,444$44,143
15 years$91,206$78,068$66,571$56,575$47,936$38,175
16 years$84,620$71,626$60,356$50,657$42,366$33,128
17 years$78,815$65,965$54,922$45,515$37,565$28,832
18 years$73,661$60,955$50,137$41,018$33,401$25,156
19 years$69,055$56,492$45,898$37,063$29,771$21,995
20 years$64,915$52,495$42,123$33,568$26,592$19,267
21 years$61,174$48,897$38,745$30,465$23,797$16,904
22 years$57,777$45,644$35,709$27,700$21,331$14,851
23 years$54,681$42,690$32,971$25,226$19,148$13,063
24 years$51,846$39,998$30,493$23,008$17,210$11,502
25 years$49,243$37,536$28,242$21,012$15,487$10,138
26 years$46,843$35,278$26,193$19,213$13,950$8,942
27 years$44,626$33,200$24,323$17,586$12,577$7,893
28 years$42,570$31,284$22,611$16,112$11,348$6,971
29 years$40,659$29,513$21,042$14,775$10,247$6,160
30 years$38,879$27,872$19,600$13,560$9,259$5,446
31 years$37,218$26,348$18,272$12,454$8,371$4,817
32 years$35,663$24,931$17,048$11,445$7,572$4,262
33 years$34,205$23,610$15,918$10,525$6,853$3,772
34 years$32,836$22,377$14,873$9,684$6,205$3,340
35 years$31,549$21,224$13,905$8,915$5,620$2,958
36 years$30,335$20,145$13,008$8,210$5,092$2,620
37 years$29,190$19,133$12,175$7,564$4,615$2,321
38 years$28,108$18,183$11,401$6,972$4,184$2,057
39 years$27,083$17,290$10,682$6,429$3,794$1,823
40 years$26,113$16,450$10,012$5,930$3,441$1,615
41 years$25,192$15,659$9,388$5,471$3,122$1,432
42 years$24,317$14,913$8,806$5,049$2,833$1,270
43 years$23,485$14,209$8,264$4,661$2,571$1,126
44 years$22,694$13,545$7,757$4,303$2,334$998
45 years$21,939$12,916$7,283$3,974$2,119$885
46 years$21,220$12,321$6,841$3,671$1,924$785
47 years$20,533$11,758$6,427$3,392$1,747$696
48 years$19,876$11,225$6,039$3,134$1,586$618
49 years$19,249$10,719$5,677$2,896$1,441$548
50 years$18,648$10,239$5,337$2,677$1,309$486

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 $5,109 every year, while hoping to spend $38,392 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: 35/36/29 Blend
65$19,100,000$19,100,000$19,100,000$19,100,000
66$21,053,470$20,041,170$19,745,120$21,606,247
67$23,160,075$20,982,338$20,365,733$22,963,103
68$25,480,267$21,968,338$21,005,849$24,422,287
69$28,035,792$23,001,323$21,666,082$25,996,015
70$30,850,611$24,083,556$22,347,064$27,694,572
71$33,951,129$25,217,406$23,049,447$29,529,233
72$37,366,443$26,405,359$23,773,902$31,512,360
73$41,128,617$27,650,018$24,521,125$33,657,512
74$45,272,983$28,954,115$25,291,829$35,979,562
75$49,838,475$30,320,515$26,086,754$38,494,832
76$54,867,998$31,752,219$26,906,659$41,221,229
77$60,408,832$33,252,376$27,752,330$44,178,416
78$66,513,076$34,824,286$28,624,576$47,387,974
79$73,238,143$36,471,409$29,524,233$50,873,607
80$80,647,300$38,197,375$30,452,161$54,661,345
81$88,810,266$40,005,987$31,409,249$58,779,780
82$97,803,867$41,901,235$32,396,414$63,260,326
83$107,712,767$43,887,301$33,414,599$68,137,502
84$118,630,262$45,968,570$34,464,780$73,449,238
85$130,659,160$48,149,642$35,547,962$79,237,228
86$143,912,758$50,435,338$36,665,182$85,547,300
87$158,515,903$52,830,713$37,817,509$92,429,839
88$174,606,176$55,341,069$39,006,047$99,940,241
89$192,335,189$57,971,965$40,231,933$108,139,425
90$211,870,016$60,729,228$41,496,340$117,094,383
91$233,394,769$63,618,972$42,800,479$126,878,798
92$257,112,338$66,647,604$44,145,597$137,573,721
93$283,246,305$69,821,846$45,532,984$149,268,309
94$312,043,055$73,148,743$46,963,966$162,060,653
95$343,774,101$76,635,685$48,439,913$176,058,678
96$378,738,647$80,290,422$49,962,237$191,381,135
97$417,266,414$84,121,077$51,532,397$208,158,703
98$459,720,750$88,136,172$53,151,894$226,535,194
99$506,502,063$92,344,641$54,822,279$246,668,884
100$558,051,599$96,755,854$56,545,151$268,733,980