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%15.2%
1 years$1,577,260$1,563,211$1,549,504$1,536,125$1,523,061$1,490,482
2 years$780,822$766,280$752,186$738,521$725,267$692,603
3 years$515,377$500,772$486,714$473,178$460,139$428,410
4 years$382,681$368,121$354,203$340,898$328,175$297,624
5 years$303,084$288,611$274,876$261,842$249,474$220,188
6 years$250,036$235,673$222,141$209,397$197,400$169,411
7 years$212,160$197,918$184,600$172,157$160,539$133,851
8 years$183,766$169,652$156,556$144,418$133,183$107,788
9 years$161,694$147,712$134,841$123,012$112,159$88,039
10 years$144,046$130,201$117,558$106,038$95,565$72,695
11 years$129,616$115,911$103,496$92,285$82,189$60,541
12 years$117,600$104,035$91,850$80,946$71,223$50,763
13 years$107,440$94,017$82,062$71,463$62,108$42,800
14 years$98,740$85,459$73,733$63,437$54,444$36,249
15 years$91,206$78,068$66,571$56,575$47,936$30,815
16 years$84,620$71,626$60,356$50,657$42,366$26,278
17 years$78,815$65,965$54,922$45,515$37,565$22,467
18 years$73,661$60,955$50,137$41,018$33,401$19,251
19 years$69,055$56,492$45,898$37,063$29,771$16,525
20 years$64,915$52,495$42,123$33,568$26,592$14,208
21 years$61,174$48,897$38,745$30,465$23,797$12,232
22 years$57,777$45,644$35,709$27,700$21,331$10,543
23 years$54,681$42,690$32,971$25,226$19,148$9,096
24 years$51,846$39,998$30,493$23,008$17,210$7,854
25 years$49,243$37,536$28,242$21,012$15,487$6,787
26 years$46,843$35,278$26,193$19,213$13,950$5,868
27 years$44,626$33,200$24,323$17,586$12,577$5,077
28 years$42,570$31,284$22,611$16,112$11,348$4,394
29 years$40,659$29,513$21,042$14,775$10,247$3,804
30 years$38,879$27,872$19,600$13,560$9,259$3,295
31 years$37,218$26,348$18,272$12,454$8,371$2,855
32 years$35,663$24,931$17,048$11,445$7,572$2,474
33 years$34,205$23,610$15,918$10,525$6,853$2,145
34 years$32,836$22,377$14,873$9,684$6,205$1,859
35 years$31,549$21,224$13,905$8,915$5,620$1,612
36 years$30,335$20,145$13,008$8,210$5,092$1,398
37 years$29,190$19,133$12,175$7,564$4,615$1,213
38 years$28,108$18,183$11,401$6,972$4,184$1,052
39 years$27,083$17,290$10,682$6,429$3,794$913
40 years$26,113$16,450$10,012$5,930$3,441$792
41 years$25,192$15,659$9,388$5,471$3,122$687
42 years$24,317$14,913$8,806$5,049$2,833$596
43 years$23,485$14,209$8,264$4,661$2,571$517
44 years$22,694$13,545$7,757$4,303$2,334$449
45 years$21,939$12,916$7,283$3,974$2,119$390
46 years$21,220$12,321$6,841$3,671$1,924$338
47 years$20,533$11,758$6,427$3,392$1,747$293
48 years$19,876$11,225$6,039$3,134$1,586$255
49 years$19,249$10,719$5,677$2,896$1,441$221
50 years$18,648$10,239$5,337$2,677$1,309$192

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 $2,558 every year, while hoping to spend $52,144 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: 42/40/18 Blend
65$19,100,000$19,100,000$19,100,000$19,100,000
66$21,050,839$20,038,539$19,742,489$21,823,855
67$23,142,543$20,964,946$20,348,381$23,297,394
68$25,445,854$21,935,000$20,972,823$24,886,778
69$27,982,300$22,950,784$21,616,382$26,606,814
70$30,775,604$24,014,482$22,279,640$28,469,508
71$33,851,907$25,128,383$22,963,199$30,488,031
72$37,240,015$26,294,886$23,667,679$32,676,837
73$40,971,668$27,516,508$24,393,719$35,051,793
74$45,081,845$28,795,883$25,141,975$37,630,315
75$49,609,089$30,135,777$25,913,127$40,431,530
76$54,595,872$31,539,086$26,707,872$43,476,441
77$60,088,996$33,008,847$27,526,932$46,788,118
78$66,140,036$34,548,243$28,371,046$50,391,906
79$72,805,824$36,160,611$29,240,980$54,315,651
80$80,148,986$37,849,449$30,137,522$58,589,954
81$88,238,536$39,618,425$31,061,482$63,248,447
82$97,150,522$41,471,383$32,013,696$68,328,097
83$106,968,747$43,412,353$32,995,027$73,869,543
84$117,785,561$45,445,560$34,006,363$79,917,466
85$129,702,729$47,575,434$35,048,617$86,520,996
86$142,832,394$49,806,616$36,122,732$93,734,161
87$157,298,135$52,143,977$37,229,680$101,616,382
88$173,236,131$54,592,618$38,370,460$110,233,016
89$190,796,451$57,157,891$39,546,105$119,655,958
90$210,144,466$59,845,404$40,757,677$129,964,299
91$231,462,412$62,661,040$42,006,269$141,245,058
92$254,951,109$65,610,962$43,293,011$153,593,978
93$280,831,859$68,701,636$44,619,063$167,116,417
94$309,348,531$71,939,838$45,985,624$181,928,312
95$340,769,866$75,332,675$47,393,927$198,157,260
96$375,392,012$78,887,596$48,845,244$215,943,693
97$413,541,322$82,612,413$50,340,884$235,442,180
98$455,577,429$86,515,314$51,882,196$256,822,863
99$501,896,649$90,604,886$53,470,572$280,273,034
100$552,935,714$94,890,132$55,107,443$305,998,874