Can I retire at age 66 with 19,200,000?

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 $19,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,509,402
2 years$784,910$770,292$756,124$742,388$729,064$707,311
3 years$518,075$503,394$489,263$475,655$462,548$441,351
4 years$384,684$370,048$356,058$342,683$329,893$309,416
5 years$304,671$290,122$276,316$263,213$250,780$231,081
6 years$251,346$236,907$223,304$210,494$198,433$179,537
7 years$213,271$198,954$185,567$173,059$161,380$143,292
8 years$184,728$170,540$157,375$145,175$133,880$116,599
9 years$162,540$148,486$135,547$123,656$112,746$96,263
10 years$144,800$130,883$118,173$106,593$96,065$80,368
11 years$130,295$116,517$104,038$92,768$82,619$67,693
12 years$118,216$104,580$92,331$81,370$71,596$57,423
13 years$108,003$94,510$82,492$71,837$62,433$48,994
14 years$99,257$85,907$74,119$63,769$54,729$42,002
15 years$91,683$78,477$66,919$56,871$48,187$36,152
16 years$85,063$72,001$60,672$50,922$42,588$31,221
17 years$79,228$66,311$55,209$45,753$37,762$27,038
18 years$74,047$61,274$50,399$41,233$33,576$23,472
19 years$69,417$56,788$46,138$37,257$29,927$20,419
20 years$65,255$52,770$42,343$33,743$26,731$17,794
21 years$61,494$49,153$38,947$30,624$23,921$15,530
22 years$58,080$45,883$35,896$27,845$21,442$13,571
23 years$54,967$42,913$33,144$25,359$19,248$11,874
24 years$52,118$40,207$30,652$23,128$17,300$10,398
25 years$49,501$37,732$28,390$21,122$15,568$9,114
26 years$47,089$35,462$26,330$19,313$14,023$7,995
27 years$44,859$33,374$24,450$17,678$12,643$7,017
28 years$42,793$31,448$22,730$16,197$11,408$6,163
29 years$40,872$29,668$21,152$14,853$10,301$5,415
30 years$39,083$28,018$19,702$13,631$9,308$4,760
31 years$37,412$26,486$18,368$12,519$8,415$4,186
32 years$35,850$25,062$17,137$11,505$7,612$3,682
33 years$34,384$23,734$16,001$10,580$6,889$3,240
34 years$33,008$22,494$14,951$9,735$6,237$2,852
35 years$31,714$21,335$13,978$8,961$5,649$2,511
36 years$30,494$20,250$13,076$8,253$5,118$2,211
37 years$29,343$19,233$12,239$7,604$4,639$1,947
38 years$28,255$18,278$11,461$7,009$4,206$1,715
39 years$27,225$17,381$10,738$6,463$3,814$1,511
40 years$26,249$16,537$10,065$5,961$3,459$1,331
41 years$25,324$15,741$9,437$5,500$3,138$1,173
42 years$24,444$14,991$8,853$5,075$2,848$1,034
43 years$23,608$14,284$8,307$4,685$2,584$911
44 years$22,812$13,615$7,798$4,326$2,346$803
45 years$22,054$12,984$7,322$3,995$2,130$708
46 years$21,331$12,386$6,877$3,690$1,934$624
47 years$20,640$11,820$6,460$3,410$1,756$550
48 years$19,980$11,284$6,071$3,151$1,595$485
49 years$19,350$10,775$5,706$2,912$1,448$427
50 years$18,746$10,293$5,365$2,691$1,315$377

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $19,200,000, adding $5,840 every year, while hoping to spend $28,761 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: 57/22/21 Blend
65$19,200,000$19,200,000$19,200,000$19,200,000
66$21,164,424$20,146,824$19,849,224$22,251,224
67$23,292,594$21,103,417$20,483,571$23,949,233
68$25,636,873$22,105,919$21,138,206$25,795,277
69$28,219,274$23,156,549$21,813,776$27,806,549
70$31,064,055$24,257,635$22,510,952$29,998,968
71$34,197,945$25,411,615$23,230,426$32,390,037
72$37,650,401$26,621,050$23,972,910$34,999,003
73$41,453,882$27,888,621$24,739,143$37,847,037
74$45,644,156$29,217,142$25,529,882$40,957,418
75$50,260,641$30,609,563$26,345,915$44,355,759
76$55,346,772$32,068,978$27,188,048$48,070,231
77$60,950,414$33,598,629$28,057,119$52,131,831
78$67,124,313$35,201,919$28,953,990$56,574,663
79$73,926,594$36,882,414$29,879,549$61,436,255
80$81,421,309$38,643,854$30,834,717$66,757,901
81$89,679,043$40,490,163$31,820,439$72,585,051
82$98,777,577$42,425,453$32,837,696$78,967,723
83$108,802,626$44,454,037$33,887,495$85,960,974
84$119,848,648$46,580,438$34,970,880$93,625,406
85$132,019,730$48,809,400$36,088,925$102,027,728
86$145,430,578$51,145,896$37,242,740$111,241,381
87$160,207,595$53,595,143$38,433,469$121,347,216
88$176,490,076$56,162,611$39,662,296$132,434,248
89$194,431,520$58,854,035$40,930,440$144,600,486
90$214,201,085$61,675,433$42,239,159$157,953,845
91$235,985,178$64,633,111$43,589,754$172,613,154
92$259,989,219$67,733,687$44,983,564$188,709,263
93$286,439,580$70,984,098$46,421,973$206,386,267
94$315,585,718$74,391,620$47,906,411$225,802,849
95$347,702,536$77,963,884$49,438,350$247,133,767
96$383,092,972$81,708,891$51,019,312$270,571,487
97$422,090,862$85,635,034$52,650,866$296,327,982
98$465,064,094$89,751,114$54,334,633$324,636,718
99$512,418,073$94,066,361$56,072,286$355,754,843
100$564,599,559$98,590,455$57,865,549$389,965,590