Can I retire at age 66 with 19,400,000?

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 $19,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,513,275
2 years$793,086$778,316$764,001$750,121$736,659$702,868
3 years$523,472$508,638$494,359$480,610$467,367$434,548
4 years$388,691$373,903$359,767$346,252$333,330$301,737
5 years$307,844$293,144$279,194$265,955$253,392$223,113
6 years$253,964$239,374$225,630$212,686$200,500$171,568
7 years$215,493$201,026$187,500$174,861$163,061$135,479
8 years$186,653$172,317$159,015$146,687$135,274$109,035
9 years$164,233$150,033$136,959$124,945$113,921$89,005
10 years$146,308$132,246$119,404$107,703$97,066$73,447
11 years$131,652$117,731$105,121$93,734$83,480$61,128
12 years$119,447$105,669$93,293$82,218$72,342$51,222
13 years$109,128$95,494$83,351$72,586$63,084$43,158
14 years$100,290$86,801$74,891$64,434$55,299$36,527
15 years$92,638$79,295$67,617$57,463$48,689$31,031
16 years$85,949$72,751$61,304$51,452$43,032$26,443
17 years$80,053$67,001$55,784$46,229$38,155$22,591
18 years$74,818$61,912$50,924$41,662$33,926$19,343
19 years$70,140$57,380$46,619$37,645$30,239$16,592
20 years$65,934$53,320$42,784$34,095$27,010$14,255
21 years$62,135$49,665$39,353$30,943$24,171$12,263
22 years$58,685$46,361$36,270$28,135$21,666$10,562
23 years$55,539$43,360$33,489$25,623$19,448$9,105
24 years$52,661$40,626$30,972$23,369$17,481$7,856
25 years$50,016$38,125$28,686$21,342$15,730$6,783
26 years$47,579$35,832$26,605$19,514$14,169$5,860
27 years$45,326$33,722$24,705$17,862$12,774$5,065
28 years$43,238$31,776$22,966$16,365$11,527$4,381
29 years$41,298$29,977$21,372$15,007$10,408$3,790
30 years$39,490$28,310$19,907$13,773$9,404$3,280
31 years$37,802$26,762$18,559$12,649$8,503$2,839
32 years$36,223$25,323$17,316$11,625$7,691$2,458
33 years$34,743$23,981$16,168$10,690$6,961$2,129
34 years$33,352$22,728$15,106$9,836$6,302$1,844
35 years$32,044$21,558$14,123$9,055$5,708$1,598
36 years$30,812$20,461$13,212$8,339$5,172$1,385
37 years$29,648$19,434$12,366$7,683$4,687$1,200
38 years$28,549$18,469$11,581$7,082$4,249$1,040
39 years$27,509$17,562$10,850$6,530$3,854$901
40 years$26,523$16,709$10,169$6,023$3,495$781
41 years$25,587$15,905$9,536$5,557$3,171$677
42 years$24,699$15,148$8,945$5,128$2,877$587
43 years$23,854$14,433$8,393$4,734$2,611$509
44 years$23,050$13,757$7,879$4,371$2,370$442
45 years$22,284$13,119$7,398$4,037$2,152$383
46 years$21,553$12,515$6,948$3,729$1,954$332
47 years$20,855$11,943$6,528$3,445$1,774$288
48 years$20,189$11,401$6,134$3,183$1,611$250
49 years$19,551$10,887$5,766$2,942$1,463$216
50 years$18,941$10,400$5,421$2,719$1,329$188

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $19,400,000, adding $4,193 every year, while hoping to spend $51,224 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: 45/28/27 Blend
65$19,400,000$19,400,000$19,400,000$19,400,000
66$21,383,125$20,354,925$20,054,225$22,178,275
67$23,509,702$21,297,814$20,671,540$23,686,087
68$25,851,473$22,285,189$21,307,818$25,315,051
69$28,430,333$23,319,173$21,963,640$27,080,736
70$31,270,411$24,401,996$22,639,605$28,995,927
71$34,398,292$25,535,994$23,336,332$31,074,669
72$37,843,274$26,723,613$24,054,455$33,332,385
73$41,637,639$27,967,421$24,794,630$35,786,022
74$45,816,962$29,270,108$25,557,533$38,454,199
75$50,420,442$30,634,494$26,343,861$41,357,379
76$55,491,277$32,063,534$27,154,330$44,518,053
77$61,077,067$33,560,327$27,989,680$47,960,940
78$67,230,267$35,128,122$28,850,674$51,713,222
79$74,008,679$36,770,325$29,738,096$55,804,780
80$81,475,997$38,490,504$30,652,755$60,268,477
81$89,702,413$40,292,403$31,595,487$65,140,451
82$98,765,273$42,179,944$32,567,149$70,460,452
83$108,749,811$44,157,242$33,568,629$76,272,201
84$119,749,952$46,228,607$34,600,838$82,623,799
85$131,869,199$48,398,560$35,664,718$89,568,162
86$145,221,608$50,671,841$36,761,237$97,163,514
87$159,932,869$53,053,417$37,891,395$105,473,922
88$176,141,485$55,548,499$39,056,220$114,569,889
89$194,000,088$58,162,546$40,256,775$124,529,003
90$213,676,871$60,901,286$41,494,151$135,436,659
91$235,357,183$63,770,719$42,769,476$147,386,849
92$259,245,273$66,777,142$44,083,911$160,483,034
93$285,566,220$69,927,151$45,438,651$174,839,101
94$314,568,058$73,227,665$46,834,930$190,580,429
95$346,524,118$76,685,938$48,274,017$207,845,045
96$381,735,604$80,309,575$49,757,223$226,784,918
97$420,534,442$84,106,551$51,285,896$247,567,368
98$463,286,408$88,085,225$52,861,427$270,376,627
99$510,394,584$92,254,363$54,485,247$295,415,558
100$562,303,162$96,623,158$56,158,834$322,907,549