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

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,568,929
2 years$809,438$794,363$779,753$765,588$751,848$741,811
3 years$534,265$519,125$504,552$490,519$477,003$467,190
4 years$396,706$381,612$367,185$353,392$340,203$330,689
5 years$314,192$299,188$284,950$271,439$258,617$249,431
6 years$259,200$244,310$230,282$217,072$204,634$195,789
7 years$219,936$205,171$191,366$178,467$166,423$157,921
8 years$190,501$175,869$162,293$149,711$138,064$129,906
9 years$167,619$153,126$139,783$127,521$116,270$108,454
10 years$149,325$134,973$121,866$109,924$99,067$91,590
11 years$134,366$120,159$107,289$95,667$85,201$78,057
12 years$121,910$107,848$95,216$83,913$73,834$67,016
13 years$111,378$97,463$85,069$74,082$64,384$57,886
14 years$102,358$88,591$76,435$65,762$56,439$50,253
15 years$94,548$80,930$69,011$58,648$49,693$43,811
16 years$87,721$74,251$62,569$52,513$43,919$38,333
17 years$81,704$68,383$56,935$47,183$38,942$33,642
18 years$76,361$63,189$51,974$42,521$34,625$29,603
19 years$71,586$58,563$47,580$38,421$30,862$26,108
20 years$67,294$54,419$43,666$34,798$27,567$23,071
21 years$63,416$50,689$40,165$31,581$24,669$20,422
22 years$59,895$47,317$37,018$28,715$22,112$18,104
23 years$56,685$44,254$34,179$26,151$19,849$16,071
24 years$53,746$41,463$31,610$23,851$17,841$14,282
25 years$51,047$38,911$29,277$21,782$16,054$12,705
26 years$48,560$36,570$27,153$19,917$14,461$11,313
27 years$46,261$34,417$25,214$18,230$13,038$10,081
28 years$44,130$32,431$23,440$16,703$11,764$8,989
29 years$42,149$30,595$21,813$15,317$10,623$8,021
30 years$40,304$28,894$20,318$14,057$9,598$7,161
31 years$38,582$27,314$18,942$12,910$8,678$6,396
32 years$36,970$25,845$17,673$11,865$7,850$5,715
33 years$35,459$24,475$16,501$10,911$7,104$5,109
34 years$34,040$23,197$15,418$10,039$6,432$4,569
35 years$32,705$22,002$14,415$9,241$5,826$4,087
36 years$31,447$20,883$13,485$8,511$5,278$3,657
37 years$30,260$19,834$12,621$7,842$4,784$3,273
38 years$29,138$18,850$11,819$7,228$4,337$2,930
39 years$28,076$17,924$11,073$6,664$3,933$2,623
40 years$27,070$17,053$10,379$6,147$3,567$2,349
41 years$26,115$16,233$9,732$5,671$3,236$2,104
42 years$25,208$15,460$9,129$5,234$2,937$1,885
43 years$24,346$14,730$8,567$4,832$2,665$1,689
44 years$23,525$14,041$8,041$4,461$2,419$1,513
45 years$22,743$13,389$7,550$4,120$2,196$1,356
46 years$21,997$12,773$7,092$3,806$1,994$1,215
47 years$21,285$12,189$6,662$3,516$1,811$1,089
48 years$20,605$11,636$6,261$3,249$1,644$976
49 years$19,954$11,112$5,885$3,003$1,493$875
50 years$19,332$10,615$5,533$2,775$1,357$784

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 $2,656 every year, while hoping to spend $26,573 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: 57/30/13 Blend
65$19,800,000$19,800,000$19,800,000$19,800,000
66$21,822,340$20,772,940$20,466,040$22,994,232
67$24,019,945$21,762,540$21,123,379$24,776,774
68$26,440,815$22,799,741$21,801,848$26,715,051
69$29,107,696$23,886,845$22,502,127$28,826,494
70$32,045,650$25,026,270$23,224,918$31,127,701
71$35,282,299$26,220,550$23,970,945$33,636,917
72$38,848,077$27,472,341$24,740,955$36,374,196
73$42,776,525$28,784,429$25,535,721$39,361,587
74$47,104,602$30,159,737$26,356,039$42,623,331
75$51,873,035$31,601,329$27,202,731$46,186,087
76$57,126,708$33,112,417$28,076,646$50,079,171
77$62,915,078$34,696,372$28,978,659$54,334,829
78$69,292,648$36,356,725$29,909,675$58,988,530
79$76,319,476$38,097,183$30,870,628$64,079,289
80$84,061,750$39,921,632$31,862,481$69,650,035
81$92,592,402$41,834,146$32,886,227$75,747,995
82$101,991,805$43,838,997$33,942,895$82,425,138
83$112,348,530$45,940,669$35,033,542$89,738,651
84$123,760,178$48,143,859$36,159,264$97,751,466
85$136,334,305$50,453,497$37,321,188$106,532,848
86$150,189,436$52,874,751$38,520,480$116,159,030
87$165,456,186$55,413,041$39,758,343$126,713,923
88$182,278,487$58,074,051$41,036,018$138,289,893
89$200,814,956$60,863,742$42,354,788$150,988,621
90$221,240,382$63,788,366$43,715,974$164,922,046
91$243,747,384$66,854,479$45,120,942$180,213,405
92$268,548,225$70,068,956$46,571,102$196,998,382
93$295,876,819$73,439,010$48,067,908$215,426,373
94$325,990,934$76,972,201$49,612,863$235,661,875
95$359,174,631$80,676,461$51,207,516$257,886,022
96$395,740,943$84,560,107$52,853,467$282,298,274
97$436,034,830$88,631,863$54,552,369$309,118,283
98$480,436,435$92,900,876$56,305,925$338,587,939
99$529,364,674$97,376,742$58,115,896$370,973,637
100$583,281,191$102,069,522$59,984,099$406,568,763