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%15.8%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,510,199
2 years$793,086$778,316$764,001$750,121$736,659$699,814
3 years$523,472$508,638$494,359$480,610$467,367$431,613
4 years$388,691$373,903$359,767$346,252$333,330$298,943
5 years$307,844$293,144$279,194$265,955$253,392$220,467
6 years$253,964$239,374$225,630$212,686$200,500$169,072
7 years$215,493$201,026$187,500$174,861$163,061$133,132
8 years$186,653$172,317$159,015$146,687$135,274$106,835
9 years$164,233$150,033$136,959$124,945$113,921$86,946
10 years$146,308$132,246$119,404$107,703$97,066$71,527
11 years$131,652$117,731$105,121$93,734$83,480$59,341
12 years$119,447$105,669$93,293$82,218$72,342$49,562
13 years$109,128$95,494$83,351$72,586$63,084$41,620
14 years$100,290$86,801$74,891$64,434$55,299$35,106
15 years$92,638$79,295$67,617$57,463$48,689$29,720
16 years$85,949$72,751$61,304$51,452$43,032$25,236
17 years$80,053$67,001$55,784$46,229$38,155$21,482
18 years$74,818$61,912$50,924$41,662$33,926$18,326
19 years$70,140$57,380$46,619$37,645$30,239$15,662
20 years$65,934$53,320$42,784$34,095$27,010$13,405
21 years$62,135$49,665$39,353$30,943$24,171$11,488
22 years$58,685$46,361$36,270$28,135$21,666$9,856
23 years$55,539$43,360$33,489$25,623$19,448$8,463
24 years$52,661$40,626$30,972$23,369$17,481$7,273
25 years$50,016$38,125$28,686$21,342$15,730$6,255
26 years$47,579$35,832$26,605$19,514$14,169$5,382
27 years$45,326$33,722$24,705$17,862$12,774$4,634
28 years$43,238$31,776$22,966$16,365$11,527$3,991
29 years$41,298$29,977$21,372$15,007$10,408$3,438
30 years$39,490$28,310$19,907$13,773$9,404$2,963
31 years$37,802$26,762$18,559$12,649$8,503$2,555
32 years$36,223$25,323$17,316$11,625$7,691$2,203
33 years$34,743$23,981$16,168$10,690$6,961$1,900
34 years$33,352$22,728$15,106$9,836$6,302$1,639
35 years$32,044$21,558$14,123$9,055$5,708$1,414
36 years$30,812$20,461$13,212$8,339$5,172$1,220
37 years$29,648$19,434$12,366$7,683$4,687$1,053
38 years$28,549$18,469$11,581$7,082$4,249$909
39 years$27,509$17,562$10,850$6,530$3,854$784
40 years$26,523$16,709$10,169$6,023$3,495$677
41 years$25,587$15,905$9,536$5,557$3,171$584
42 years$24,699$15,148$8,945$5,128$2,877$504
43 years$23,854$14,433$8,393$4,734$2,611$436
44 years$23,050$13,757$7,879$4,371$2,370$376
45 years$22,284$13,119$7,398$4,037$2,152$325
46 years$21,553$12,515$6,948$3,729$1,954$280
47 years$20,855$11,943$6,528$3,445$1,774$242
48 years$20,189$11,401$6,134$3,183$1,611$209
49 years$19,551$10,887$5,766$2,942$1,463$180
50 years$18,941$10,400$5,421$2,719$1,329$156

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 $5,688 every year, while hoping to spend $46,738 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: 46/40/14 Blend
65$19,400,000$19,400,000$19,400,000$19,400,000
66$21,384,667$20,356,467$20,055,767$22,283,340
67$23,516,174$21,304,205$20,677,907$23,855,491
68$25,863,529$22,296,816$21,319,321$25,554,829
69$28,448,698$23,336,449$21,980,607$27,397,330
70$31,295,887$24,425,357$22,662,380$29,396,297
71$34,431,770$25,565,902$23,365,272$31,566,336
72$37,885,741$26,760,561$24,089,939$33,923,479
73$41,690,186$28,011,929$24,837,052$36,485,333
74$45,880,799$29,322,727$25,607,307$39,271,232
75$50,496,908$30,695,808$26,401,419$42,302,413
76$55,581,852$32,134,162$27,220,126$45,602,208
77$61,183,390$33,640,925$28,064,189$49,196,253
78$67,354,149$35,219,383$28,934,392$53,112,716
79$74,152,121$36,872,983$29,831,544$57,382,561
80$81,641,214$38,605,336$30,756,477$62,039,818
81$89,891,851$40,420,229$31,710,052$67,121,899
82$98,981,634$42,321,635$32,693,153$72,669,939
83$108,996,080$44,313,715$33,706,693$78,729,166
84$120,029,427$46,400,834$34,751,614$85,349,318
85$132,185,522$48,587,568$35,828,887$92,585,098
86$145,578,801$50,878,714$36,939,510$100,496,675
87$160,335,370$53,279,303$38,084,515$109,150,234
88$176,594,196$55,794,607$39,264,965$118,618,587
89$194,508,419$58,430,157$40,481,956$128,981,842
90$214,246,793$61,191,750$41,736,616$140,328,140
91$235,995,284$64,085,465$43,030,112$152,754,472
92$259,958,824$67,117,673$44,363,641$166,367,567
93$286,363,244$70,295,059$45,738,443$181,284,889
94$315,457,406$73,624,628$47,155,792$197,635,715
95$347,515,553$77,113,727$48,617,003$215,562,337
96$382,839,899$80,770,059$50,123,432$235,221,382
97$421,763,477$84,601,700$51,676,475$256,785,263
98$464,653,288$88,617,120$53,277,574$280,443,783
99$511,913,763$92,825,199$54,928,212$306,405,895
100$563,990,581$97,235,247$56,629,921$334,901,653