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

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,524,809
2 years$797,174$782,328$767,939$753,988$740,456$710,205
3 years$526,170$511,260$496,907$483,087$469,776$440,364
4 years$390,695$375,830$361,621$348,037$335,048$306,703
5 years$309,431$294,655$280,633$267,326$254,698$227,501
6 years$255,273$240,608$226,793$213,783$201,534$175,514
7 years$216,603$202,062$188,466$175,763$163,901$139,064
8 years$187,615$173,205$159,834$147,443$135,972$112,311
9 years$165,080$150,806$137,665$125,589$114,508$92,009
10 years$147,062$132,928$120,020$108,259$97,566$76,208
11 years$132,330$118,338$105,663$94,217$83,910$63,667
12 years$120,063$106,214$93,774$82,641$72,715$53,558
13 years$109,690$95,986$83,780$72,960$63,409$45,306
14 years$100,807$87,249$75,277$64,766$55,584$38,502
15 years$93,116$79,703$67,965$57,760$48,940$32,845
16 years$86,392$73,126$61,620$51,717$43,254$28,108
17 years$80,466$67,347$56,072$46,468$38,352$24,118
18 years$75,204$62,231$51,187$41,877$34,101$20,741
19 years$70,501$57,675$46,859$37,839$30,395$17,871
20 years$66,274$53,595$43,005$34,271$27,149$15,423
21 years$62,455$49,921$39,556$31,103$24,295$13,329
22 years$58,987$46,600$36,457$28,280$21,777$11,533
23 years$55,826$43,584$33,662$25,755$19,549$9,989
24 years$52,932$40,835$31,131$23,490$17,571$8,659
25 years$50,274$38,322$28,834$21,452$15,811$7,512
26 years$47,824$36,016$26,742$19,615$14,242$6,521
27 years$45,560$33,896$24,832$17,954$12,840$5,664
28 years$43,461$31,940$23,085$16,450$11,586$4,923
29 years$41,511$30,131$21,482$15,085$10,462$4,280
30 years$39,694$28,456$20,010$13,844$9,453$3,722
31 years$37,997$26,900$18,655$12,715$8,546$3,238
32 years$36,410$25,453$17,405$11,685$7,731$2,818
33 years$34,922$24,105$16,251$10,745$6,996$2,453
34 years$33,524$22,846$15,184$9,887$6,334$2,135
35 years$32,209$21,669$14,196$9,101$5,737$1,860
36 years$30,971$20,567$13,280$8,382$5,198$1,619
37 years$29,801$19,534$12,430$7,723$4,711$1,411
38 years$28,696$18,564$11,640$7,118$4,271$1,229
39 years$27,651$17,653$10,906$6,564$3,873$1,071
40 years$26,660$16,795$10,222$6,054$3,513$933
41 years$25,719$15,987$9,585$5,585$3,187$813
42 years$24,826$15,226$8,991$5,155$2,892$708
43 years$23,977$14,507$8,437$4,758$2,625$617
44 years$23,169$13,828$7,919$4,394$2,383$538
45 years$22,399$13,186$7,436$4,058$2,163$469
46 years$21,664$12,579$6,984$3,748$1,964$409
47 years$20,963$12,005$6,561$3,463$1,783$356
48 years$20,293$11,460$6,166$3,200$1,619$311
49 years$19,652$10,944$5,796$2,957$1,471$271
50 years$19,039$10,454$5,449$2,733$1,336$236

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 $2,588 every year, while hoping to spend $21,049 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: 41/38/21 Blend
65$19,500,000$19,500,000$19,500,000$19,500,000
66$21,491,670$20,458,170$20,155,920$22,239,762
67$23,661,424$21,438,224$20,808,747$23,754,147
68$26,051,788$22,465,595$21,482,738$25,390,019
69$28,685,241$23,542,580$22,178,581$27,160,245
70$31,586,556$24,671,587$22,896,984$29,077,131
71$34,783,030$25,855,141$23,638,679$31,154,176
72$38,304,747$27,095,890$24,404,422$33,406,193
73$42,184,854$28,396,612$25,194,993$35,849,434
74$46,459,883$29,760,220$26,011,199$38,501,742
75$51,170,089$31,189,768$26,853,872$41,382,702
76$56,359,831$32,688,460$27,723,870$44,513,820
77$62,077,994$34,259,655$28,622,080$47,918,717
78$68,378,448$35,906,876$29,549,418$51,623,333
79$75,320,556$37,633,819$30,506,830$55,656,169
80$82,969,735$39,444,359$31,495,291$60,048,538
81$91,398,075$41,342,560$32,515,810$64,834,851
82$100,685,016$43,332,683$33,569,427$70,052,925
83$110,918,102$45,419,199$34,657,218$75,744,329
84$122,193,804$47,606,795$35,780,290$81,954,761
85$134,618,433$49,900,388$36,939,790$88,734,461
86$148,309,140$52,305,135$38,136,901$96,138,675
87$163,395,029$54,826,442$39,372,843$104,228,153
88$180,018,366$57,469,982$40,648,877$113,069,710
89$198,335,930$60,241,702$41,966,305$122,736,834
90$218,520,490$63,147,841$43,326,472$133,310,365
91$240,762,435$66,194,940$44,730,764$144,879,233
92$265,271,574$69,389,863$46,180,615$157,541,281
93$292,279,113$72,739,805$47,677,504$171,404,161
94$322,039,841$76,252,313$49,222,959$186,586,334
95$354,834,533$79,935,305$50,818,557$203,218,157
96$390,972,603$83,797,083$52,465,926$221,443,092
97$430,795,022$87,846,353$54,166,748$241,419,032
98$474,677,539$92,092,249$55,922,758$263,319,766
99$523,034,227$96,544,349$57,735,750$287,336,588
100$576,321,394$101,212,698$59,607,574$313,680,073