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%17.5%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,484,404
2 years$784,910$770,292$756,124$742,388$729,064$682,484
3 years$518,075$503,394$489,263$475,655$462,548$417,480
4 years$384,684$370,048$356,058$342,683$329,893$286,683
5 years$304,671$290,122$276,316$263,213$250,780$209,544
6 years$251,346$236,907$223,304$210,494$198,433$159,208
7 years$213,271$198,954$185,567$173,059$161,380$124,163
8 years$184,728$170,540$157,375$145,175$133,880$98,648
9 years$162,540$148,486$135,547$123,656$112,746$79,461
10 years$144,800$130,883$118,173$106,593$96,065$64,680
11 years$130,295$116,517$104,038$92,768$82,619$53,078
12 years$118,216$104,580$92,331$81,370$71,596$43,839
13 years$108,003$94,510$82,492$71,837$62,433$36,395
14 years$99,257$85,907$74,119$63,769$54,729$30,341
15 years$91,683$78,477$66,919$56,871$48,187$25,381
16 years$85,063$72,001$60,672$50,922$42,588$21,291
17 years$79,228$66,311$55,209$45,753$37,762$17,901
18 years$74,047$61,274$50,399$41,233$33,576$15,081
19 years$69,417$56,788$46,138$37,257$29,927$12,724
20 years$65,255$52,770$42,343$33,743$26,731$10,751
21 years$61,494$49,153$38,947$30,624$23,921$9,094
22 years$58,080$45,883$35,896$27,845$21,442$7,699
23 years$54,967$42,913$33,144$25,359$19,248$6,524
24 years$52,118$40,207$30,652$23,128$17,300$5,531
25 years$49,501$37,732$28,390$21,122$15,568$4,693
26 years$47,089$35,462$26,330$19,313$14,023$3,983
27 years$44,859$33,374$24,450$17,678$12,643$3,382
28 years$42,793$31,448$22,730$16,197$11,408$2,873
29 years$40,872$29,668$21,152$14,853$10,301$2,441
30 years$39,083$28,018$19,702$13,631$9,308$2,074
31 years$37,412$26,486$18,368$12,519$8,415$1,763
32 years$35,850$25,062$17,137$11,505$7,612$1,499
33 years$34,384$23,734$16,001$10,580$6,889$1,275
34 years$33,008$22,494$14,951$9,735$6,237$1,084
35 years$31,714$21,335$13,978$8,961$5,649$922
36 years$30,494$20,250$13,076$8,253$5,118$784
37 years$29,343$19,233$12,239$7,604$4,639$667
38 years$28,255$18,278$11,461$7,009$4,206$568
39 years$27,225$17,381$10,738$6,463$3,814$483
40 years$26,249$16,537$10,065$5,961$3,459$411
41 years$25,324$15,741$9,437$5,500$3,138$350
42 years$24,444$14,991$8,853$5,075$2,848$298
43 years$23,608$14,284$8,307$4,685$2,584$253
44 years$22,812$13,615$7,798$4,326$2,346$215
45 years$22,054$12,984$7,322$3,995$2,130$183
46 years$21,331$12,386$6,877$3,690$1,934$156
47 years$20,640$11,820$6,460$3,410$1,756$133
48 years$19,980$11,284$6,071$3,151$1,595$113
49 years$19,350$10,775$5,706$2,912$1,448$96
50 years$18,746$10,293$5,365$2,691$1,315$82

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 $6,718 every year, while hoping to spend $48,273 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: 39/38/23 Blend
65$19,200,000$19,200,000$19,200,000$19,200,000
66$21,165,330$20,147,730$19,850,130$21,845,740
67$23,272,831$21,083,606$20,463,747$23,274,275
68$25,593,680$22,063,723$21,096,302$24,812,892
69$28,149,586$23,090,197$21,748,380$26,475,655
70$30,964,474$24,165,246$22,420,580$28,273,872
71$34,064,704$25,291,197$23,113,523$30,219,949
72$37,479,327$26,470,488$23,827,849$32,327,495
73$41,240,351$27,705,675$24,564,215$34,611,441
74$45,383,051$28,999,437$25,323,301$37,088,177
75$49,946,296$30,354,584$26,105,805$39,775,695
76$54,972,919$31,774,059$26,912,450$42,693,749
77$60,510,119$33,260,950$27,743,979$45,864,031
78$66,609,906$34,818,492$28,601,158$49,310,367
79$73,329,597$36,450,078$29,484,777$53,058,929
80$80,732,348$38,159,264$30,395,649$57,138,474
81$88,887,759$39,949,779$31,334,615$61,580,598
82$97,872,524$41,825,532$32,302,538$66,420,028
83$107,771,159$43,790,621$33,300,310$71,694,933
84$118,676,797$45,849,341$34,328,850$77,447,270
85$130,692,069$48,006,197$35,389,106$83,723,169
86$143,930,071$50,265,912$36,482,052$90,573,351
87$158,515,433$52,633,437$37,608,695$98,053,592
88$174,585,493$55,113,961$38,770,073$106,225,233
89$192,291,597$57,712,929$39,967,254$115,155,743
90$211,800,522$60,436,044$41,201,339$124,919,337
91$233,296,055$63,289,291$42,473,464$135,597,658
92$256,980,728$66,278,941$43,784,800$147,280,527
93$283,077,724$69,411,570$45,136,552$160,066,773
94$311,832,989$72,694,075$46,529,965$174,065,144
95$343,517,554$76,133,685$47,966,318$189,395,309
96$378,430,089$79,737,980$49,446,935$206,188,967
97$416,899,726$83,514,909$50,973,174$224,591,064
98$459,289,163$87,472,804$52,546,441$244,761,137
99$505,998,091$91,620,405$54,168,180$266,874,793
100$557,466,965$95,966,874$55,839,883$291,125,335