Can I retire at age 66 with 19,800,000?

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,555,928
2 years$809,438$794,363$779,753$765,588$751,848$728,772
3 years$534,265$519,125$504,552$490,519$477,003$454,521
4 years$396,706$381,612$367,185$353,392$340,203$318,488
5 years$314,192$299,188$284,950$271,439$258,617$237,732
6 years$259,200$244,310$230,282$217,072$204,634$184,604
7 years$219,936$205,171$191,366$178,467$166,423$147,254
8 years$190,501$175,869$162,293$149,711$138,064$119,754
9 years$167,619$153,126$139,783$127,521$116,270$98,809
10 years$149,325$134,973$121,866$109,924$99,067$82,444
11 years$134,366$120,159$107,289$95,667$85,201$69,398
12 years$121,910$107,848$95,216$83,913$73,834$58,832
13 years$111,378$97,463$85,069$74,082$64,384$50,163
14 years$102,358$88,591$76,435$65,762$56,439$42,976
15 years$94,548$80,930$69,011$58,648$49,693$36,965
16 years$87,721$74,251$62,569$52,513$43,919$31,900
17 years$81,704$68,383$56,935$47,183$38,942$27,607
18 years$76,361$63,189$51,974$42,521$34,625$23,949
19 years$71,586$58,563$47,580$38,421$30,862$20,818
20 years$67,294$54,419$43,666$34,798$27,567$18,128
21 years$63,416$50,689$40,165$31,581$24,669$15,810
22 years$59,895$47,317$37,018$28,715$22,112$13,806
23 years$56,685$44,254$34,179$26,151$19,849$12,069
24 years$53,746$41,463$31,610$23,851$17,841$10,562
25 years$51,047$38,911$29,277$21,782$16,054$9,250
26 years$48,560$36,570$27,153$19,917$14,461$8,107
27 years$46,261$34,417$25,214$18,230$13,038$7,110
28 years$44,130$32,431$23,440$16,703$11,764$6,240
29 years$42,149$30,595$21,813$15,317$10,623$5,478
30 years$40,304$28,894$20,318$14,057$9,598$4,812
31 years$38,582$27,314$18,942$12,910$8,678$4,228
32 years$36,970$25,845$17,673$11,865$7,850$3,716
33 years$35,459$24,475$16,501$10,911$7,104$3,267
34 years$34,040$23,197$15,418$10,039$6,432$2,873
35 years$32,705$22,002$14,415$9,241$5,826$2,527
36 years$31,447$20,883$13,485$8,511$5,278$2,224
37 years$30,260$19,834$12,621$7,842$4,784$1,957
38 years$29,138$18,850$11,819$7,228$4,337$1,722
39 years$28,076$17,924$11,073$6,664$3,933$1,516
40 years$27,070$17,053$10,379$6,147$3,567$1,334
41 years$26,115$16,233$9,732$5,671$3,236$1,175
42 years$25,208$15,460$9,129$5,234$2,937$1,034
43 years$24,346$14,730$8,567$4,832$2,665$911
44 years$23,525$14,041$8,041$4,461$2,419$802
45 years$22,743$13,389$7,550$4,120$2,196$706
46 years$21,997$12,773$7,092$3,806$1,994$622
47 years$21,285$12,189$6,662$3,516$1,811$548
48 years$20,605$11,636$6,261$3,249$1,644$483
49 years$19,954$11,112$5,885$3,003$1,493$425
50 years$19,332$10,615$5,533$2,775$1,357$374

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $19,800,000, adding $2,757 every year, while hoping to spend $51,192 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: 50/32/18 Blend
65$19,800,000$19,800,000$19,800,000$19,800,000
66$21,822,444$20,773,044$20,466,144$22,804,372
67$23,993,865$21,736,455$21,097,292$24,445,803
68$26,385,056$22,745,358$21,747,867$26,223,168
69$29,018,378$23,801,927$22,418,468$28,153,678
70$31,918,474$24,908,442$23,109,707$30,251,790
71$35,112,496$26,067,294$23,822,220$32,533,386
72$38,630,366$27,280,987$24,556,661$35,015,914
73$42,505,056$28,552,148$25,313,701$37,718,549
74$46,772,897$29,883,528$26,094,035$40,662,363
75$51,473,926$31,278,015$26,898,379$43,870,519
76$56,652,262$32,738,633$27,727,470$47,368,477
77$62,356,519$34,268,552$28,582,067$51,184,232
78$68,640,271$35,871,098$29,462,953$55,348,563
79$75,562,552$37,549,756$30,370,936$59,895,320
80$83,188,417$39,308,178$31,306,846$64,861,727
81$91,589,552$41,150,196$32,271,542$70,288,730
82$100,844,955$43,079,823$33,265,907$76,221,368
83$111,041,676$45,101,271$34,290,851$82,709,190
84$122,275,645$47,218,951$35,347,312$89,806,708
85$134,652,572$49,437,491$36,436,258$97,573,902
86$148,288,947$51,761,740$37,558,686$106,076,772
87$163,313,139$54,196,785$38,715,621$115,387,947
88$179,866,608$56,747,957$39,908,124$125,587,360
89$198,105,241$59,420,845$41,137,284$136,762,981
90$218,200,819$62,221,311$42,404,228$149,011,642
91$240,342,646$65,155,497$43,710,112$162,439,924
92$264,739,326$68,229,848$45,056,131$177,165,155
93$291,620,743$71,451,116$46,443,517$193,316,498
94$321,240,221$74,826,383$47,873,538$211,036,146
95$353,876,923$78,363,074$49,347,500$230,480,654
96$389,838,479$82,068,975$50,866,751$251,822,392
97$429,463,896$85,952,247$52,432,679$275,251,150
98$473,126,755$90,021,449$54,046,716$300,975,911
99$521,238,739$94,285,555$55,710,336$329,226,798
100$574,253,516$98,753,973$57,425,058$360,257,225