Can I retire at age 66 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,588,108
2 years$817,615$802,387$787,630$773,321$759,442$752,658
3 years$539,662$524,369$509,648$495,474$481,821$475,183
4 years$400,713$385,467$370,894$356,961$343,639$337,197
5 years$317,365$302,211$287,829$274,180$261,229$255,003
6 years$261,818$246,778$232,608$219,264$206,701$200,700
7 years$222,157$207,243$193,299$180,269$168,104$162,329
8 years$192,425$177,646$163,933$151,223$139,458$133,911
9 years$169,313$154,673$141,195$128,809$117,444$112,123
10 years$150,833$136,336$123,097$111,034$100,068$94,971
11 years$135,724$121,372$108,373$96,633$86,062$81,186
12 years$123,141$108,937$96,178$84,760$74,579$69,920
13 years$112,503$98,447$85,929$74,831$65,035$60,588
14 years$103,392$89,486$77,207$66,426$57,009$52,770
15 years$95,503$81,747$69,708$59,241$50,195$46,159
16 years$88,608$75,001$63,201$53,044$44,363$40,523
17 years$82,529$69,073$57,510$47,659$39,335$35,687
18 years$77,132$63,827$52,499$42,951$34,975$31,513
19 years$72,309$59,154$48,060$38,809$31,174$27,891
20 years$67,974$54,969$44,107$35,149$27,845$24,736
21 years$64,056$51,201$40,570$31,900$24,918$21,976
22 years$60,500$47,795$37,392$29,005$22,336$19,555
23 years$57,257$44,701$34,525$26,415$20,050$17,423
24 years$54,289$41,882$31,930$24,092$18,021$15,543
25 years$51,563$39,304$29,573$22,002$16,216$13,880
26 years$49,051$36,940$27,428$20,118$14,607$12,407
27 years$46,728$34,765$25,469$18,414$13,170$11,100
28 years$44,576$32,759$23,677$16,871$11,883$9,937
29 years$42,575$30,904$22,033$15,471$10,730$8,902
30 years$40,711$29,186$20,523$14,199$9,695$7,980
31 years$38,971$27,590$19,133$13,041$8,766$7,156
32 years$37,343$26,106$17,851$11,985$7,929$6,421
33 years$35,817$24,723$16,668$11,021$7,176$5,764
34 years$34,384$23,431$15,574$10,140$6,497$5,176
35 years$33,035$22,224$14,560$9,335$5,884$4,649
36 years$31,765$21,094$13,621$8,597$5,332$4,177
37 years$30,565$20,035$12,749$7,921$4,832$3,755
38 years$29,432$19,040$11,939$7,301$4,381$3,375
39 years$28,360$18,105$11,185$6,732$3,973$3,035
40 years$27,343$17,226$10,484$6,209$3,603$2,730
41 years$26,379$16,397$9,831$5,729$3,269$2,455
42 years$25,463$15,616$9,221$5,287$2,966$2,209
43 years$24,592$14,879$8,653$4,880$2,692$1,987
44 years$23,763$14,183$8,122$4,506$2,444$1,788
45 years$22,973$13,525$7,627$4,162$2,218$1,610
46 years$22,219$12,902$7,163$3,844$2,014$1,449
47 years$21,500$12,312$6,730$3,552$1,829$1,304
48 years$20,813$11,754$6,324$3,282$1,661$1,174
49 years$20,156$11,224$5,944$3,033$1,509$1,057
50 years$19,527$10,722$5,588$2,803$1,370$952

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $20,000,000, adding $6,759 every year, while hoping to spend $24,841 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: 50/25/25 Blend
65$20,000,000$20,000,000$20,000,000$20,000,000
66$22,046,972$20,986,972$20,676,972$22,993,628
67$24,269,332$21,988,903$21,343,220$24,655,439
68$26,717,541$23,039,096$22,030,955$26,457,569
69$29,414,608$24,139,890$22,740,869$28,415,822
70$32,385,891$25,293,736$23,473,681$30,544,998
71$35,659,330$26,503,208$24,230,128$32,861,359
72$39,265,717$27,771,001$25,010,973$35,382,776
73$43,238,984$29,099,944$25,817,004$38,128,889
74$47,616,521$30,493,002$26,649,034$41,121,289
75$52,439,533$31,953,285$27,507,903$44,383,712
76$57,753,425$33,484,056$28,394,478$47,942,256
77$63,608,233$35,088,733$29,309,651$51,825,619
78$70,059,096$36,770,905$30,254,348$56,065,362
79$77,166,776$38,534,331$31,229,521$60,696,196
80$84,998,232$40,382,958$32,236,155$65,756,306
81$93,627,250$42,320,921$33,275,264$71,287,695
82$103,135,143$44,352,560$34,347,899$77,336,575
83$113,611,515$46,482,422$35,455,141$83,953,791
84$125,155,109$48,715,281$36,598,108$91,195,291
85$137,874,739$51,056,139$37,777,954$99,122,641
86$151,890,317$53,510,244$38,995,870$107,803,597
87$167,333,983$56,083,100$40,253,085$117,312,729
88$184,351,355$58,780,477$41,550,869$127,732,113
89$203,102,902$61,608,429$42,890,531$139,152,096
90$223,765,459$64,573,304$44,273,426$151,672,126
91$246,533,898$67,681,758$45,700,948$165,401,686
92$271,622,965$70,940,774$47,174,539$180,461,304
93$299,269,310$74,357,674$48,695,688$196,983,678
94$329,733,717$77,940,137$50,265,931$215,114,912
95$363,303,569$81,696,217$51,886,853$235,015,877
96$400,295,563$85,634,361$53,560,092$256,863,709
97$441,058,694$89,763,428$55,287,339$280,853,465
98$485,977,552$94,092,708$57,070,337$307,199,944
99$535,475,957$98,631,945$58,910,887$336,139,688
100$590,020,953$103,391,359$60,810,850$367,933,201