Can I retire at age 66 with 19,900,000?

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,560,565
2 years$813,526$798,375$783,691$769,454$755,645$729,236
3 years$536,964$521,747$507,100$492,997$479,412$453,705
4 years$398,709$383,539$369,039$355,176$341,921$317,114
5 years$315,778$300,700$286,390$272,810$259,923$236,088
6 years$260,509$245,544$231,445$218,168$205,668$182,832
7 years$221,047$206,207$192,332$179,368$167,263$145,433
8 years$191,463$176,758$163,113$150,467$138,761$117,932
9 years$168,466$153,899$140,489$128,165$116,857$97,018
10 years$150,079$135,655$122,482$110,479$99,568$80,702
11 years$135,045$120,765$107,831$96,150$85,632$67,720
12 years$122,526$108,393$95,697$84,337$74,207$57,225
13 years$111,940$97,955$85,499$74,457$64,710$48,633
14 years$102,875$89,039$76,821$66,094$56,724$41,525
15 years$95,026$81,338$69,359$58,944$49,944$35,595
16 years$88,165$74,626$62,885$52,778$44,141$30,611
17 years$82,117$68,728$57,222$47,421$39,138$26,398
18 years$76,747$63,508$52,237$42,736$34,800$22,817
19 years$71,948$58,858$47,820$38,615$31,018$19,762
20 years$67,634$54,694$43,887$34,974$27,706$17,144
21 years$63,736$50,945$40,367$31,741$24,794$14,895
22 years$60,197$47,556$37,205$28,860$22,224$12,958
23 years$56,971$44,478$34,352$26,283$19,950$11,284
24 years$54,018$41,673$31,770$23,972$17,931$9,836
25 years$51,305$39,108$29,425$21,892$16,135$8,581
26 years$48,805$36,755$27,290$20,017$14,534$7,491
27 years$46,495$34,591$25,342$18,322$13,104$6,543
28 years$44,353$32,595$23,558$16,787$11,824$5,719
29 years$42,362$30,749$21,923$15,394$10,676$5,000
30 years$40,508$29,040$20,420$14,128$9,647$4,374
31 years$38,776$27,452$19,037$12,975$8,722$3,827
32 years$37,157$25,975$17,762$11,925$7,889$3,350
33 years$35,638$24,599$16,585$10,966$7,140$2,933
34 years$34,212$23,314$15,496$10,090$6,464$2,569
35 years$32,870$22,113$14,487$9,288$5,855$2,250
36 years$31,606$20,989$13,553$8,554$5,305$1,971
37 years$30,413$19,934$12,685$7,881$4,808$1,727
38 years$29,285$18,945$11,879$7,264$4,359$1,514
39 years$28,218$18,015$11,129$6,698$3,953$1,327
40 years$27,206$17,139$10,432$6,178$3,585$1,163
41 years$26,247$16,315$9,781$5,700$3,253$1,019
42 years$25,336$15,538$9,175$5,260$2,952$894
43 years$24,469$14,805$8,610$4,856$2,679$784
44 years$23,644$14,112$8,082$4,484$2,431$687
45 years$22,858$13,457$7,589$4,141$2,207$602
46 years$22,108$12,837$7,127$3,825$2,004$528
47 years$21,393$12,251$6,696$3,534$1,820$463
48 years$20,709$11,695$6,292$3,265$1,653$406
49 years$20,055$11,168$5,914$3,018$1,501$356
50 years$19,429$10,668$5,560$2,789$1,363$312

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $19,900,000, adding $2,211 every year, while hoping to spend $20,501 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: 43/31/26 Blend
65$19,900,000$19,900,000$19,900,000$19,900,000
66$21,932,081$20,877,381$20,568,931$22,708,774
67$24,147,340$21,878,559$21,236,177$24,264,998
68$26,587,869$22,928,109$21,925,089$25,947,934
69$29,276,622$24,028,377$22,636,371$27,771,000
70$32,238,898$25,181,828$23,370,749$29,747,179
71$35,502,572$26,391,044$24,128,975$31,890,722
72$39,098,362$27,658,733$24,911,824$34,217,276
73$43,060,121$28,987,737$25,720,096$36,744,018
74$47,425,152$30,381,034$26,554,618$39,489,819
75$52,234,562$31,841,749$27,416,242$42,475,400
76$57,533,651$33,373,159$28,305,850$45,723,532
77$63,372,339$34,978,699$29,224,351$49,259,231
78$69,805,636$36,661,974$30,172,686$53,109,987
79$76,894,163$38,426,763$31,151,823$57,306,018
80$84,704,723$40,277,029$32,162,764$61,880,535
81$93,310,931$42,216,931$33,206,544$66,870,054
82$102,793,913$44,250,827$34,284,229$72,314,718
83$113,243,064$46,383,289$35,396,923$78,258,675
84$124,756,900$48,619,114$36,545,763$84,750,470
85$137,443,983$50,963,330$37,731,926$91,843,500
86$151,423,948$53,421,212$38,956,624$99,596,495
87$166,828,631$55,998,291$40,221,111$108,074,062
88$183,803,313$58,700,370$41,526,680$117,347,280
89$202,508,096$61,533,532$42,874,668$127,494,352
90$223,119,406$64,504,160$44,266,455$138,601,325
91$245,831,669$67,618,947$45,703,464$150,762,889
92$270,859,135$70,884,912$47,187,166$164,083,247
93$298,437,912$74,309,417$48,719,081$178,677,083
94$328,828,184$77,900,184$50,300,776$194,670,620
95$362,316,677$81,665,311$51,933,870$212,202,796
96$399,219,359$85,613,292$53,620,035$231,426,545
97$439,884,425$89,753,035$55,360,998$252,510,225
98$484,695,586$94,093,883$57,158,541$275,639,178
99$534,075,688$98,645,636$59,014,504$301,017,455
100$588,490,707$103,418,571$60,930,789$328,869,717