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

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,548,492
2 years$813,526$798,375$783,691$769,454$755,645$717,227
3 years$536,964$521,747$507,100$492,997$479,412$442,138
4 years$398,709$383,539$369,039$355,176$341,921$306,078
5 years$315,778$300,700$286,390$272,810$259,923$225,611
6 years$260,509$245,544$231,445$218,168$205,668$172,922
7 years$221,047$206,207$192,332$179,368$167,263$136,087
8 years$191,463$176,758$163,113$150,467$138,761$109,142
9 years$168,466$153,899$140,489$128,165$116,857$88,771
10 years$150,079$135,655$122,482$110,479$99,568$72,982
11 years$135,045$120,765$107,831$96,150$85,632$60,510
12 years$122,526$108,393$95,697$84,337$74,207$50,506
13 years$111,940$97,955$85,499$74,457$64,710$42,384
14 years$102,875$89,039$76,821$66,094$56,724$35,726
15 years$95,026$81,338$69,359$58,944$49,944$30,223
16 years$88,165$74,626$62,885$52,778$44,141$25,645
17 years$82,117$68,728$57,222$47,421$39,138$21,815
18 years$76,747$63,508$52,237$42,736$34,800$18,596
19 years$71,948$58,858$47,820$38,615$31,018$15,881
20 years$67,634$54,694$43,887$34,974$27,706$13,582
21 years$63,736$50,945$40,367$31,741$24,794$11,631
22 years$60,197$47,556$37,205$28,860$22,224$9,970
23 years$56,971$44,478$34,352$26,283$19,950$8,555
24 years$54,018$41,673$31,770$23,972$17,931$7,346
25 years$51,305$39,108$29,425$21,892$16,135$6,313
26 years$48,805$36,755$27,290$20,017$14,534$5,428
27 years$46,495$34,591$25,342$18,322$13,104$4,669
28 years$44,353$32,595$23,558$16,787$11,824$4,018
29 years$42,362$30,749$21,923$15,394$10,676$3,459
30 years$40,508$29,040$20,420$14,128$9,647$2,979
31 years$38,776$27,452$19,037$12,975$8,722$2,566
32 years$37,157$25,975$17,762$11,925$7,889$2,211
33 years$35,638$24,599$16,585$10,966$7,140$1,905
34 years$34,212$23,314$15,496$10,090$6,464$1,642
35 years$32,870$22,113$14,487$9,288$5,855$1,415
36 years$31,606$20,989$13,553$8,554$5,305$1,220
37 years$30,413$19,934$12,685$7,881$4,808$1,052
38 years$29,285$18,945$11,879$7,264$4,359$907
39 years$28,218$18,015$11,129$6,698$3,953$782
40 years$27,206$17,139$10,432$6,178$3,585$675
41 years$26,247$16,315$9,781$5,700$3,253$582
42 years$25,336$15,538$9,175$5,260$2,952$502
43 years$24,469$14,805$8,610$4,856$2,679$433
44 years$23,644$14,112$8,082$4,484$2,431$374
45 years$22,858$13,457$7,589$4,141$2,207$322
46 years$22,108$12,837$7,127$3,825$2,004$278
47 years$21,393$12,251$6,696$3,534$1,820$240
48 years$20,709$11,695$6,292$3,265$1,653$207
49 years$20,055$11,168$5,914$3,018$1,501$178
50 years$19,429$10,668$5,560$2,789$1,363$154

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 $2,950 every year, while hoping to spend $25,402 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: 47/24/29 Blend
65$19,900,000$19,900,000$19,900,000$19,900,000
66$21,932,843$20,878,143$20,569,693$22,781,012
67$24,142,965$21,874,144$21,231,750$24,376,992
68$26,577,669$22,918,099$21,915,135$26,105,728
69$29,259,834$24,012,328$22,620,535$27,981,892
70$32,214,674$25,159,269$23,348,660$30,019,369
71$35,469,974$26,361,476$24,100,243$32,233,412
72$39,056,350$27,621,628$24,876,040$34,640,780
73$43,007,542$28,942,532$25,676,832$37,259,890
74$47,360,731$30,327,135$26,503,425$40,110,981
75$52,156,887$31,778,526$27,356,651$43,216,303
76$57,441,159$33,299,944$28,237,369$46,600,311
77$63,263,303$34,894,786$29,146,466$50,289,898
78$69,678,143$36,566,615$30,084,856$54,314,630
79$76,746,100$38,319,165$31,053,485$58,707,026
80$84,533,754$40,156,356$32,053,328$63,502,847
81$93,114,473$42,082,294$33,085,391$68,741,433
82$102,569,112$44,101,289$34,150,715$74,466,056
83$112,986,769$46,217,859$35,250,371$80,724,322
84$124,465,628$48,436,743$36,385,467$87,568,611
85$137,113,888$50,762,910$37,557,146$95,056,556
86$151,050,783$53,201,571$38,766,589$103,251,580
87$166,407,707$55,758,191$40,015,013$112,223,478
88$183,329,454$58,438,503$41,303,677$122,049,065
89$201,975,585$61,248,518$42,633,878$132,812,886
90$222,521,938$64,194,538$44,006,956$144,608,003
91$245,162,282$67,283,176$45,424,295$157,536,857
92$270,110,148$70,521,366$46,887,322$171,712,217
93$297,600,848$73,916,378$48,397,512$187,258,233
94$327,893,693$77,475,838$49,956,387$204,311,589
95$361,274,441$81,207,746$51,565,517$223,022,776
96$398,057,996$85,120,487$53,226,525$243,557,492
97$438,591,382$89,222,861$54,941,083$266,098,191
98$483,257,014$93,524,092$56,710,920$290,845,783
99$532,476,313$98,033,857$58,537,820$318,021,509
100$586,713,684$102,762,303$60,423,624$347,869,010