Can I retire at age 66 with 19,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,525,434
2 years$797,174$782,328$767,939$753,988$740,456$710,827
3 years$526,170$511,260$496,907$483,087$469,776$440,964
4 years$390,695$375,830$361,621$348,037$335,048$307,276
5 years$309,431$294,655$280,633$267,326$254,698$228,045
6 years$255,273$240,608$226,793$213,783$201,534$176,029
7 years$216,603$202,062$188,466$175,763$163,901$139,551
8 years$187,615$173,205$159,834$147,443$135,972$112,770
9 years$165,080$150,806$137,665$125,589$114,508$92,440
10 years$147,062$132,928$120,020$108,259$97,566$76,612
11 years$132,330$118,338$105,663$94,217$83,910$64,045
12 years$120,063$106,214$93,774$82,641$72,715$53,911
13 years$109,690$95,986$83,780$72,960$63,409$45,635
14 years$100,807$87,249$75,277$64,766$55,584$38,808
15 years$93,116$79,703$67,965$57,760$48,940$33,129
16 years$86,392$73,126$61,620$51,717$43,254$28,370
17 years$80,466$67,347$56,072$46,468$38,352$24,361
18 years$75,204$62,231$51,187$41,877$34,101$20,965
19 years$70,501$57,675$46,859$37,839$30,395$18,077
20 years$66,274$53,595$43,005$34,271$27,149$15,613
21 years$62,455$49,921$39,556$31,103$24,295$13,503
22 years$58,987$46,600$36,457$28,280$21,777$11,692
23 years$55,826$43,584$33,662$25,755$19,549$10,135
24 years$52,932$40,835$31,131$23,490$17,571$8,793
25 years$50,274$38,322$28,834$21,452$15,811$7,634
26 years$47,824$36,016$26,742$19,615$14,242$6,633
27 years$45,560$33,896$24,832$17,954$12,840$5,766
28 years$43,461$31,940$23,085$16,450$11,586$5,015
29 years$41,511$30,131$21,482$15,085$10,462$4,363
30 years$39,694$28,456$20,010$13,844$9,453$3,798
31 years$37,997$26,900$18,655$12,715$8,546$3,307
32 years$36,410$25,453$17,405$11,685$7,731$2,880
33 years$34,922$24,105$16,251$10,745$6,996$2,509
34 years$33,524$22,846$15,184$9,887$6,334$2,186
35 years$32,209$21,669$14,196$9,101$5,737$1,905
36 years$30,971$20,567$13,280$8,382$5,198$1,661
37 years$29,801$19,534$12,430$7,723$4,711$1,448
38 years$28,696$18,564$11,640$7,118$4,271$1,262
39 years$27,651$17,653$10,906$6,564$3,873$1,101
40 years$26,660$16,795$10,222$6,054$3,513$960
41 years$25,719$15,987$9,585$5,585$3,187$837
42 years$24,826$15,226$8,991$5,155$2,892$730
43 years$23,977$14,507$8,437$4,758$2,625$637
44 years$23,169$13,828$7,919$4,394$2,383$556
45 years$22,399$13,186$7,436$4,058$2,163$485
46 years$21,664$12,579$6,984$3,748$1,964$423
47 years$20,963$12,005$6,561$3,463$1,783$369
48 years$20,293$11,460$6,166$3,200$1,619$322
49 years$19,652$10,944$5,796$2,957$1,471$281
50 years$19,039$10,454$5,449$2,733$1,336$245

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $19,500,000, adding $4,617 every year, while hoping to spend $49,244 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: 83/5/12 Blend
65$19,500,000$19,500,000$19,500,000$19,500,000
66$21,493,762$20,460,262$20,158,012$23,232,188
67$23,633,731$21,410,420$20,780,911$25,321,828
68$25,990,326$22,405,485$21,423,025$27,609,288
69$28,585,591$23,447,606$22,084,949$30,119,979
70$31,443,817$24,539,034$22,767,290$32,876,314
71$34,591,771$25,682,131$23,470,679$35,902,976
72$38,058,947$26,879,372$24,195,763$39,227,154
73$41,877,849$28,133,349$24,943,209$42,878,795
74$46,084,290$29,446,784$25,713,708$46,890,887
75$50,717,738$30,822,527$26,507,967$51,299,765
76$55,821,682$32,263,565$27,326,719$56,145,455
77$61,444,046$33,773,033$28,170,717$61,472,050
78$67,637,641$35,354,214$29,040,738$67,328,122
79$74,460,662$37,010,552$29,937,584$73,767,179
80$81,977,236$38,745,655$30,862,079$80,848,169
81$90,258,030$40,563,308$31,815,075$88,636,032
82$99,380,917$42,467,479$32,797,448$97,202,312
83$109,431,711$44,462,326$33,810,103$106,625,830
84$120,504,975$46,552,209$34,853,971$116,993,423
85$132,704,916$48,741,701$35,930,013$128,400,765
86$146,146,366$51,035,593$37,039,217$140,953,263
87$160,955,869$53,438,911$38,182,604$154,767,051
88$177,272,873$55,956,922$39,361,226$169,970,084
89$195,251,045$58,595,150$40,576,166$186,703,339
90$215,059,725$61,359,386$41,828,542$205,122,148
91$236,885,523$64,255,702$43,119,504$225,397,656
92$260,934,077$67,290,463$44,450,238$247,718,434
93$287,432,001$70,470,343$45,821,969$272,292,258
94$316,629,016$73,802,341$47,235,956$299,348,063
95$348,800,314$77,293,793$48,693,498$329,138,101
96$384,249,151$80,952,394$50,195,935$361,940,318
97$423,309,712$84,786,209$51,744,647$398,060,976
98$466,350,265$88,803,696$53,341,056$437,837,534
99$513,776,639$93,013,724$54,986,627$481,641,833
100$566,036,050$97,425,590$56,682,873$529,883,603