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%15.9%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,517,367
2 years$797,174$782,328$767,939$753,988$740,456$702,810
3 years$526,170$511,260$496,907$483,087$469,776$433,251
4 years$390,695$375,830$361,621$348,037$335,048$299,926
5 years$309,431$294,655$280,633$267,326$254,698$221,076
6 years$255,273$240,608$226,793$213,783$201,534$169,446
7 years$216,603$202,062$188,466$175,763$163,901$133,352
8 years$187,615$173,205$159,834$147,443$135,972$106,948
9 years$165,080$150,806$137,665$125,589$114,508$86,986
10 years$147,062$132,928$120,020$108,259$97,566$71,516
11 years$132,330$118,338$105,663$94,217$83,910$59,293
12 years$120,063$106,214$93,774$82,641$72,715$49,490
13 years$109,690$95,986$83,780$72,960$63,409$41,532
14 years$100,807$87,249$75,277$64,766$55,584$35,008
15 years$93,116$79,703$67,965$57,760$48,940$29,616
16 years$86,392$73,126$61,620$51,717$43,254$25,130
17 years$80,466$67,347$56,072$46,468$38,352$21,377
18 years$75,204$62,231$51,187$41,877$34,101$18,223
19 years$70,501$57,675$46,859$37,839$30,395$15,561
20 years$66,274$53,595$43,005$34,271$27,149$13,309
21 years$62,455$49,921$39,556$31,103$24,295$11,397
22 years$58,987$46,600$36,457$28,280$21,777$9,770
23 years$55,826$43,584$33,662$25,755$19,549$8,383
24 years$52,932$40,835$31,131$23,490$17,571$7,199
25 years$50,274$38,322$28,834$21,452$15,811$6,186
26 years$47,824$36,016$26,742$19,615$14,242$5,318
27 years$45,560$33,896$24,832$17,954$12,840$4,575
28 years$43,461$31,940$23,085$16,450$11,586$3,937
29 years$41,511$30,131$21,482$15,085$10,462$3,389
30 years$39,694$28,456$20,010$13,844$9,453$2,919
31 years$37,997$26,900$18,655$12,715$8,546$2,514
32 years$36,410$25,453$17,405$11,685$7,731$2,166
33 years$34,922$24,105$16,251$10,745$6,996$1,867
34 years$33,524$22,846$15,184$9,887$6,334$1,609
35 years$32,209$21,669$14,196$9,101$5,737$1,387
36 years$30,971$20,567$13,280$8,382$5,198$1,196
37 years$29,801$19,534$12,430$7,723$4,711$1,031
38 years$28,696$18,564$11,640$7,118$4,271$889
39 years$27,651$17,653$10,906$6,564$3,873$767
40 years$26,660$16,795$10,222$6,054$3,513$661
41 years$25,719$15,987$9,585$5,585$3,187$570
42 years$24,826$15,226$8,991$5,155$2,892$492
43 years$23,977$14,507$8,437$4,758$2,625$424
44 years$23,169$13,828$7,919$4,394$2,383$366
45 years$22,399$13,186$7,436$4,058$2,163$316
46 years$21,664$12,579$6,984$3,748$1,964$272
47 years$20,963$12,005$6,561$3,463$1,783$235
48 years$20,293$11,460$6,166$3,200$1,619$203
49 years$19,652$10,944$5,796$2,957$1,471$175
50 years$19,039$10,454$5,449$2,733$1,336$151

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 $3,315 every year, while hoping to spend $24,003 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: 69/20/11 Blend
65$19,500,000$19,500,000$19,500,000$19,500,000
66$21,492,419$20,458,919$20,156,669$22,925,911
67$23,659,107$21,435,867$20,806,379$24,854,672
68$26,045,993$22,459,881$21,477,049$26,960,763
69$28,675,511$23,533,242$22,169,357$29,264,161
70$31,572,383$24,658,342$22,884,001$31,784,247
71$34,763,854$25,837,689$23,621,703$34,542,345
72$38,279,945$27,073,912$24,383,207$37,561,917
73$42,153,737$28,369,772$25,169,282$40,868,786
74$46,421,686$29,728,159$25,980,722$44,491,369
75$51,123,967$31,152,108$26,818,345$48,460,943
76$56,304,850$32,644,800$27,682,998$52,811,934
77$62,013,120$34,209,569$28,575,553$57,582,236
78$68,302,535$35,849,916$29,496,911$62,813,563
79$75,232,340$37,569,508$30,448,004$68,551,838
80$82,867,817$39,372,192$31,429,791$74,847,618
81$91,280,910$41,262,005$32,443,264$81,756,565
82$100,550,895$43,243,176$33,489,446$89,339,966
83$110,765,139$45,320,143$34,569,394$97,665,302
84$122,019,913$47,497,561$35,684,200$106,806,877
85$134,421,312$49,780,309$36,834,988$116,846,515
86$148,086,248$52,173,506$38,022,922$127,874,319
87$163,143,556$54,682,519$39,249,201$139,989,518
88$179,735,215$57,312,978$40,515,065$153,301,389
89$198,017,679$60,070,787$41,821,792$167,930,282
90$218,163,364$62,962,136$43,170,703$184,008,747
91$240,362,266$65,993,520$44,563,161$201,682,772
92$264,823,763$69,171,748$46,000,573$221,113,151
93$291,778,586$72,503,963$47,484,391$242,476,992
94$321,480,998$75,997,654$49,016,115$265,969,375
95$354,211,199$79,660,678$50,597,293$291,805,179
96$390,277,962$83,501,273$52,229,524$320,221,102
97$430,021,558$87,528,079$53,914,457$351,477,879
98$473,816,961$91,750,159$55,653,795$385,862,728
99$522,077,391$96,177,016$57,449,297$423,692,047
100$575,258,215$100,818,620$59,302,778$465,314,385