Can I retire at age 66 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,561,005
2 years$805,350$790,351$775,815$761,721$748,050$738,064
3 years$531,567$516,503$502,004$488,042$474,594$464,831
4 years$394,702$379,685$365,330$351,607$338,484$329,019
5 years$312,605$297,677$283,511$270,068$257,310$248,171
6 years$257,891$243,076$229,119$215,975$203,601$194,800
7 years$218,825$204,135$190,399$177,565$165,582$157,123
8 years$189,539$174,981$161,474$148,955$137,366$129,250
9 years$166,773$152,353$139,077$126,877$115,682$107,906
10 years$148,571$134,291$121,251$109,369$98,567$91,127
11 years$133,688$119,552$106,747$95,184$84,771$77,662
12 years$121,294$107,303$94,735$83,489$73,461$66,677
13 years$110,815$96,971$84,640$73,708$64,059$57,594
14 years$101,841$88,144$76,049$65,430$56,154$49,999
15 years$94,071$80,521$68,662$58,352$49,442$43,590
16 years$87,278$73,876$62,253$52,248$43,697$38,139
17 years$81,291$68,037$56,647$46,944$38,745$33,472
18 years$75,975$62,870$51,712$42,306$34,450$29,453
19 years$71,225$58,267$47,339$38,227$30,706$25,976
20 years$66,954$54,144$43,446$34,622$27,427$22,954
21 years$63,095$50,433$39,962$31,422$24,544$20,319
22 years$59,592$47,078$36,831$28,570$22,001$18,013
23 years$56,398$44,031$34,007$26,019$19,749$15,990
24 years$53,475$41,254$31,451$23,731$17,751$14,210
25 years$50,790$38,715$29,130$21,672$15,973$12,641
26 years$48,315$36,386$27,016$19,816$14,388$11,256
27 years$46,027$34,243$25,087$18,138$12,972$10,030
28 years$43,907$32,267$23,322$16,618$11,705$8,944
29 years$41,936$30,440$21,703$15,239$10,569$7,980
30 years$40,101$28,748$20,215$13,986$9,550$7,125
31 years$38,387$27,176$18,846$12,845$8,634$6,364
32 years$36,783$25,714$17,584$11,805$7,810$5,687
33 years$35,280$24,352$16,418$10,856$7,068$5,083
34 years$33,868$23,080$15,340$9,988$6,399$4,546
35 years$32,540$21,891$14,342$9,195$5,796$4,066
36 years$31,288$20,778$13,416$8,468$5,252$3,638
37 years$30,107$19,734$12,558$7,802$4,760$3,256
38 years$28,991$18,754$11,760$7,191$4,315$2,915
39 years$27,934$17,834$11,017$6,631$3,913$2,610
40 years$26,933$16,967$10,327$6,116$3,549$2,337
41 years$25,983$16,151$9,683$5,643$3,220$2,093
42 years$25,081$15,382$9,083$5,208$2,922$1,875
43 years$24,223$14,656$8,523$4,807$2,652$1,680
44 years$23,406$13,970$8,001$4,439$2,407$1,505
45 years$22,628$13,322$7,512$4,099$2,185$1,349
46 years$21,886$12,708$7,056$3,787$1,984$1,209
47 years$21,178$12,128$6,629$3,498$1,802$1,083
48 years$20,501$11,577$6,229$3,233$1,636$971
49 years$19,854$11,056$5,855$2,987$1,486$870
50 years$19,234$10,561$5,505$2,761$1,350$780

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $19,700,000, adding $6,124 every year, while hoping to spend $27,878 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: 37/35/28 Blend
65$19,700,000$19,700,000$19,700,000$19,700,000
66$21,715,717$20,671,617$20,366,267$22,337,135
67$23,901,058$21,654,864$21,018,875$23,780,349
68$26,308,370$22,685,356$21,692,411$25,335,219
69$28,960,263$23,765,379$22,387,547$27,014,253
70$31,881,656$24,897,328$23,104,975$28,828,690
71$35,100,005$26,083,717$23,845,412$30,790,856
72$38,645,568$27,327,182$24,609,596$32,914,270
73$42,551,687$28,630,485$25,398,289$35,213,761
74$46,855,106$29,996,525$26,212,277$37,705,602
75$51,596,311$31,428,340$27,052,374$40,407,654
76$56,819,923$32,929,116$27,919,416$43,339,521
77$62,575,107$34,502,195$28,814,269$46,522,728
78$68,916,047$36,151,081$29,737,825$49,980,912
79$75,902,447$37,879,448$30,691,006$53,740,033
80$83,600,106$39,691,150$31,674,764$57,828,609
81$92,081,527$41,590,226$32,690,078$62,277,971
82$101,426,610$43,580,915$33,737,964$67,122,546
83$111,723,404$45,667,660$34,819,465$72,400,170
84$123,068,937$47,855,120$35,935,663$78,152,428
85$135,570,130$50,148,183$37,087,670$84,425,032
86$149,344,813$52,551,974$38,276,636$91,268,241
87$164,522,829$55,071,865$39,503,748$98,737,313
88$181,247,265$57,713,494$40,770,231$106,893,015
89$199,675,802$60,482,771$42,077,350$115,802,176
90$219,982,201$63,385,894$43,426,408$125,538,298
91$242,357,945$66,429,363$44,818,753$136,182,233
92$267,014,049$69,619,995$46,255,774$147,822,925
93$294,183,046$72,964,939$47,738,907$160,558,228
94$324,121,189$76,471,693$49,269,632$174,495,806
95$357,110,863$80,148,119$50,849,478$189,754,130
96$393,463,258$84,002,464$52,480,022$206,463,568
97$433,521,300$88,043,374$54,162,893$224,767,591
98$477,662,893$92,279,920$55,899,770$244,824,102
99$526,304,485$96,721,613$57,692,390$266,806,898
100$579,904,999$101,378,428$59,542,541$290,907,280