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%12.8%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,521,039
2 years$788,998$774,304$760,063$746,255$732,861$714,774
3 years$520,774$506,016$491,811$478,133$464,957$447,314
4 years$386,688$371,975$357,912$344,468$331,612$314,548
5 years$306,257$291,633$277,755$264,584$252,086$235,652
6 years$252,655$238,140$224,467$211,590$199,467$183,683
7 years$214,382$199,990$186,533$173,960$162,220$147,092
8 years$185,691$171,428$158,195$145,931$134,577$120,104
9 years$163,387$149,259$136,253$124,301$113,333$99,509
10 years$145,554$131,565$118,789$107,148$96,566$83,382
11 years$130,973$117,124$104,580$93,251$83,050$70,494
12 years$118,831$105,124$92,812$81,794$71,969$60,028
13 years$108,565$95,002$82,921$72,212$62,759$51,418
14 years$99,774$86,354$74,505$64,101$55,014$44,257
15 years$92,161$78,886$67,268$57,167$48,438$38,248
16 years$85,506$72,376$60,988$51,187$42,810$33,168
17 years$79,641$66,656$55,497$45,991$37,958$28,847
18 years$74,433$61,593$50,662$41,447$33,751$25,151
19 years$69,778$57,084$46,378$37,451$30,083$21,975
20 years$65,595$53,045$42,564$33,919$26,871$19,235
21 years$61,814$49,409$39,150$30,784$24,046$16,863
22 years$58,382$46,122$36,083$27,990$21,554$14,804
23 years$55,253$43,137$33,316$25,491$19,348$13,012
24 years$52,389$40,416$30,812$23,249$17,390$11,448
25 years$49,758$37,929$28,538$21,232$15,649$10,082
26 years$47,334$35,647$26,468$19,414$14,096$8,886
27 years$45,093$33,548$24,578$17,770$12,709$7,837
28 years$43,015$31,612$22,848$16,281$11,467$6,916
29 years$41,085$29,822$21,262$14,930$10,355$6,107
30 years$39,286$28,164$19,805$13,702$9,356$5,394
31 years$37,607$26,624$18,463$12,584$8,459$4,767
32 years$36,036$25,192$17,227$11,565$7,652$4,215
33 years$34,563$23,857$16,085$10,635$6,925$3,727
34 years$33,180$22,611$15,029$9,785$6,269$3,297
35 years$31,879$21,446$14,051$9,008$5,678$2,917
36 years$30,653$20,356$13,144$8,296$5,145$2,582
37 years$29,496$19,333$12,303$7,644$4,663$2,286
38 years$28,402$18,374$11,521$7,045$4,228$2,023
39 years$27,367$17,471$10,794$6,496$3,834$1,792
40 years$26,386$16,623$10,117$5,992$3,477$1,587
41 years$25,456$15,823$9,487$5,528$3,155$1,405
42 years$24,572$15,070$8,899$5,102$2,863$1,245
43 years$23,731$14,358$8,350$4,710$2,598$1,103
44 years$22,931$13,686$7,838$4,349$2,358$977
45 years$22,169$13,051$7,360$4,016$2,141$866
46 years$21,442$12,450$6,912$3,710$1,944$767
47 years$20,748$11,881$6,494$3,427$1,765$680
48 years$20,085$11,342$6,103$3,167$1,603$602
49 years$19,450$10,831$5,736$2,927$1,456$534
50 years$18,844$10,347$5,393$2,705$1,322$473

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 $6,762 every year, while hoping to spend $46,773 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: 45/37/18 Blend
65$19,300,000$19,300,000$19,300,000$19,300,000
66$21,275,575$20,252,675$19,953,525$22,122,694
67$23,395,918$21,195,290$20,572,202$23,659,097
68$25,730,967$22,182,525$21,210,037$25,318,990
69$28,302,575$23,216,518$21,867,622$27,118,018
70$31,134,819$24,299,509$22,545,569$29,069,104
71$34,254,232$25,433,846$23,244,507$31,186,435
72$37,690,049$26,621,990$23,965,084$33,485,585
73$41,474,490$27,866,524$24,707,969$35,983,657
74$45,643,055$29,170,150$25,473,854$38,699,435
75$50,234,866$30,535,707$26,263,447$41,653,552
76$55,293,033$31,966,168$27,077,483$44,868,677
77$60,865,061$33,464,648$27,916,717$48,369,719
78$67,003,297$35,034,416$28,781,928$52,184,049
79$73,765,429$36,678,898$29,673,918$56,341,755
80$81,215,024$38,401,685$30,593,515$60,875,906
81$89,422,131$40,206,542$31,541,573$65,822,861
82$98,463,944$42,097,418$32,518,970$71,222,596
83$108,425,525$44,078,450$33,526,614$77,119,069
84$119,400,612$46,153,978$34,565,440$83,560,623
85$131,492,503$48,328,551$35,636,410$90,600,427
86$144,815,026$50,606,938$36,740,518$98,296,966
87$159,493,621$52,994,141$37,878,788$106,714,577
88$175,666,518$55,495,401$39,052,275$115,924,038
89$193,486,043$58,116,216$40,262,067$126,003,226
90$213,120,059$60,862,350$41,509,285$137,037,829
91$234,753,545$63,739,845$42,795,086$149,122,138
92$258,590,347$66,755,038$44,120,662$162,359,923
93$284,855,099$69,914,571$45,487,240$176,865,386
94$313,795,344$73,225,410$46,896,088$192,764,224
95$345,683,872$76,694,858$48,348,510$210,194,790
96$380,821,295$80,330,574$49,845,853$229,309,380
97$419,538,881$84,140,586$51,389,503$250,275,647
98$462,201,686$88,133,314$52,980,890$273,278,154
99$509,211,997$92,317,586$54,621,490$298,520,096
100$561,013,131$96,702,658$56,312,819$326,225,191