Can I retire at age 66 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,487,958
2 years$788,998$774,304$760,063$746,255$732,861$681,924
3 years$520,774$506,016$491,811$478,133$464,957$415,733
4 years$386,688$371,975$357,912$344,468$331,612$284,476
5 years$306,257$291,633$277,755$264,584$252,086$207,165
6 years$252,655$238,140$224,467$211,590$199,467$156,797
7 years$214,382$199,990$186,533$173,960$162,220$121,796
8 years$185,691$171,428$158,195$145,931$134,577$96,369
9 years$163,387$149,259$136,253$124,301$113,333$77,295
10 years$145,554$131,565$118,789$107,148$96,566$62,640
11 years$130,973$117,124$104,580$93,251$83,050$51,173
12 years$118,831$105,124$92,812$81,794$71,969$42,069
13 years$108,565$95,002$82,921$72,212$62,759$34,760
14 years$99,774$86,354$74,505$64,101$55,014$28,838
15 years$92,161$78,886$67,268$57,167$48,438$24,004
16 years$85,506$72,376$60,988$51,187$42,810$20,035
17 years$79,641$66,656$55,497$45,991$37,958$16,759
18 years$74,433$61,593$50,662$41,447$33,751$14,044
19 years$69,778$57,084$46,378$37,451$30,083$11,788
20 years$65,595$53,045$42,564$33,919$26,871$9,906
21 years$61,814$49,409$39,150$30,784$24,046$8,334
22 years$58,382$46,122$36,083$27,990$21,554$7,018
23 years$55,253$43,137$33,316$25,491$19,348$5,913
24 years$52,389$40,416$30,812$23,249$17,390$4,986
25 years$49,758$37,929$28,538$21,232$15,649$4,206
26 years$47,334$35,647$26,468$19,414$14,096$3,550
27 years$45,093$33,548$24,578$17,770$12,709$2,998
28 years$43,015$31,612$22,848$16,281$11,467$2,532
29 years$41,085$29,822$21,262$14,930$10,355$2,139
30 years$39,286$28,164$19,805$13,702$9,356$1,807
31 years$37,607$26,624$18,463$12,584$8,459$1,527
32 years$36,036$25,192$17,227$11,565$7,652$1,291
33 years$34,563$23,857$16,085$10,635$6,925$1,092
34 years$33,180$22,611$15,029$9,785$6,269$923
35 years$31,879$21,446$14,051$9,008$5,678$780
36 years$30,653$20,356$13,144$8,296$5,145$660
37 years$29,496$19,333$12,303$7,644$4,663$558
38 years$28,402$18,374$11,521$7,045$4,228$472
39 years$27,367$17,471$10,794$6,496$3,834$399
40 years$26,386$16,623$10,117$5,992$3,477$338
41 years$25,456$15,823$9,487$5,528$3,155$286
42 years$24,572$15,070$8,899$5,102$2,863$242
43 years$23,731$14,358$8,350$4,710$2,598$204
44 years$22,931$13,686$7,838$4,349$2,358$173
45 years$22,169$13,051$7,360$4,016$2,141$146
46 years$21,442$12,450$6,912$3,710$1,944$124
47 years$20,748$11,881$6,494$3,427$1,765$105
48 years$20,085$11,342$6,103$3,167$1,603$89
49 years$19,450$10,831$5,736$2,927$1,456$75
50 years$18,844$10,347$5,393$2,705$1,322$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $19,300,000, adding $5,181 every year, while hoping to spend $25,342 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: 62/20/18 Blend
65$19,300,000$19,300,000$19,300,000$19,300,000
66$21,273,944$20,251,044$19,951,894$22,495,107
67$23,416,923$21,216,382$20,593,319$24,283,682
68$25,777,636$22,228,171$21,255,382$26,232,120
69$28,378,266$23,288,663$21,938,748$28,358,661
70$31,243,256$24,400,214$22,644,103$30,680,630
71$34,399,543$25,565,300$23,372,156$33,217,079
72$37,876,810$26,786,513$24,123,637$35,988,972
73$41,707,766$28,066,573$24,899,300$39,019,366
74$45,928,456$29,408,334$25,699,925$42,333,633
75$50,578,602$30,814,786$26,526,316$45,959,689
76$55,701,974$32,289,065$27,379,302$49,928,253
77$61,346,808$33,834,461$28,259,740$54,273,130
78$67,566,256$35,454,423$29,168,515$59,031,524
79$74,418,893$37,152,569$30,106,540$64,244,386
80$81,969,266$38,932,691$31,074,755$69,956,788
81$90,288,507$40,798,769$32,074,135$76,218,344
82$99,454,999$42,754,973$33,105,683$83,083,672
83$109,555,121$44,805,678$34,170,435$90,612,900
84$120,684,060$46,955,473$35,269,462$98,872,226
85$132,946,712$49,209,169$36,403,867$107,934,533
86$146,458,670$51,571,812$37,574,790$117,880,070
87$161,347,317$54,048,693$38,783,407$128,797,198
88$177,753,026$56,645,362$40,030,935$140,783,219
89$195,830,489$59,367,639$41,318,625$153,945,276
90$215,750,172$62,221,627$42,647,772$168,401,361
91$237,699,930$65,213,727$44,019,713$184,281,415
92$261,886,775$68,350,652$45,435,825$201,728,543
93$288,538,834$71,639,442$46,897,534$220,900,351
94$317,907,501$75,087,480$48,406,307$241,970,425
95$350,269,810$78,702,510$49,963,661$265,129,952
96$385,931,050$82,492,652$51,571,163$290,589,513
97$425,227,648$86,466,423$53,230,429$318,581,057
98$468,530,346$90,632,756$54,943,126$349,360,072
99$516,247,698$95,001,017$56,710,977$383,207,985
100$568,829,928$99,581,032$58,535,760$420,434,801