Can I retire at age 66 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,544,682
2 years$801,262$786,339$771,877$757,855$744,253$725,885
3 years$528,869$513,882$499,455$485,565$472,185$454,267
4 years$392,699$377,757$363,476$349,822$336,766$319,437
5 years$311,018$296,166$282,072$268,697$256,004$239,315
6 years$256,582$241,842$227,956$214,879$202,567$186,538
7 years$217,714$203,099$189,433$176,664$164,742$149,379
8 years$188,577$174,093$160,654$148,199$136,669$121,971
9 years$165,926$151,579$138,371$126,233$115,095$101,056
10 years$147,817$133,610$120,635$108,814$98,067$84,678
11 years$133,009$118,945$106,205$94,701$84,341$71,590
12 years$120,678$106,759$94,254$83,065$73,088$60,961
13 years$110,253$96,479$84,210$73,334$63,734$52,217
14 years$101,324$87,696$75,663$65,098$55,869$44,945
15 years$93,593$80,112$68,314$58,056$49,191$38,843
16 years$86,835$73,501$61,936$51,983$43,475$33,684
17 years$80,879$67,692$56,360$46,706$38,548$29,295
18 years$75,590$62,550$51,449$42,092$34,275$25,542
19 years$70,863$57,971$47,099$38,033$30,550$22,316
20 years$66,614$53,870$43,225$34,446$27,288$19,534
21 years$62,775$50,177$39,759$31,262$24,420$17,125
22 years$59,290$46,839$36,644$28,425$21,889$15,034
23 years$56,112$43,807$33,834$25,887$19,649$13,214
24 years$53,204$41,045$31,291$23,610$17,661$11,626
25 years$50,532$38,518$28,982$21,562$15,892$10,239
26 years$48,070$36,201$26,879$19,715$14,315$9,024
27 years$45,794$34,069$24,960$18,046$12,906$7,959
28 years$43,684$32,103$23,203$16,534$11,645$7,024
29 years$41,724$30,286$21,592$15,162$10,516$6,202
30 years$39,897$28,602$20,113$13,915$9,501$5,478
31 years$38,192$27,038$18,750$12,780$8,590$4,841
32 years$36,596$25,584$17,494$11,745$7,770$4,280
33 years$35,101$24,228$16,335$10,800$7,032$3,785
34 years$33,696$22,963$15,262$9,937$6,367$3,348
35 years$32,375$21,780$14,269$9,148$5,767$2,963
36 years$31,129$20,672$13,348$8,425$5,225$2,622
37 years$29,954$19,634$12,494$7,763$4,736$2,321
38 years$28,843$18,659$11,700$7,155$4,293$2,055
39 years$27,792$17,743$10,962$6,597$3,893$1,820
40 years$26,796$16,881$10,274$6,085$3,531$1,611
41 years$25,851$16,069$9,634$5,614$3,204$1,427
42 years$24,954$15,304$9,037$5,181$2,907$1,264
43 years$24,100$14,581$8,480$4,783$2,638$1,120
44 years$23,288$13,899$7,960$4,416$2,395$992
45 years$22,513$13,254$7,474$4,078$2,174$879
46 years$21,775$12,644$7,020$3,767$1,974$779
47 years$21,070$12,066$6,595$3,481$1,792$690
48 years$20,397$11,519$6,198$3,216$1,628$612
49 years$19,753$11,000$5,825$2,972$1,478$542
50 years$19,136$10,507$5,477$2,747$1,343$480

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $19,600,000, adding $2,056 every year, while hoping to spend $22,847 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: 61/26/13 Blend
65$19,600,000$19,600,000$19,600,000$19,600,000
66$21,601,321$20,562,521$20,258,721$22,850,754
67$23,780,346$21,545,775$20,913,079$24,673,724
68$26,180,867$22,576,443$21,588,592$26,659,326
69$28,825,451$23,656,825$22,285,945$28,825,487
70$31,738,967$24,789,330$23,005,845$31,189,677
71$34,948,822$25,976,487$23,749,021$33,771,107
72$38,485,216$27,220,948$24,516,227$36,590,902
73$42,381,427$28,525,494$25,308,240$39,672,297
74$46,674,129$29,893,040$26,125,863$43,040,847
75$51,403,736$31,326,644$26,969,924$46,724,664
76$56,614,781$32,829,514$27,841,281$50,754,674
77$62,356,340$34,405,012$28,740,816$55,164,904
78$68,682,495$36,056,665$29,669,441$59,992,791
79$75,652,840$37,788,172$30,628,098$65,279,534
80$83,333,049$39,603,412$31,617,758$71,070,466
81$91,795,494$41,506,453$32,639,427$77,415,483
82$101,119,926$43,501,561$33,694,139$84,369,498
83$111,394,230$45,593,210$34,782,965$91,992,954
84$122,715,256$47,786,091$35,907,009$100,352,381
85$135,189,729$50,085,127$37,067,411$109,521,019
86$148,935,261$52,495,477$38,265,348$119,579,494
87$164,081,456$55,022,554$39,502,036$130,616,569
88$180,771,139$57,672,034$40,778,729$142,729,970
89$199,161,701$60,449,870$42,096,722$156,027,296
90$219,426,586$63,362,304$43,457,353$170,627,022
91$241,756,926$66,415,886$44,862,003$186,659,603
92$266,363,349$69,617,480$46,312,097$204,268,690
93$293,477,964$72,974,291$47,809,106$223,612,476
94$323,356,555$76,493,870$49,354,549$244,865,167
95$356,280,994$80,184,139$50,949,996$268,218,613
96$392,561,900$84,053,407$52,597,066$293,884,105
97$432,541,576$88,110,386$54,297,430$322,094,345
98$476,597,238$92,364,216$56,052,815$353,105,630
99$525,144,575$96,824,481$57,865,003$387,200,249
100$578,641,674$101,501,233$59,735,833$424,689,125