Can I retire at age 66 with 18,100,000?

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 $18,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,494,681$1,481,367$1,468,378$1,455,699$1,443,319$1,421,751
2 years$739,941$726,160$712,805$699,855$687,295$665,614
3 years$488,394$474,554$461,232$448,404$436,048$414,928
4 years$362,645$348,847$335,659$323,050$310,993$290,598
5 years$287,216$273,501$260,485$248,133$236,412$216,800
6 years$236,946$223,334$210,510$198,434$187,065$168,259
7 years$201,052$187,555$174,935$163,144$152,134$134,141
8 years$174,145$160,770$148,359$136,857$126,210$109,027
9 years$153,228$139,979$127,782$116,572$106,287$89,905
10 years$136,504$123,384$111,403$100,486$90,562$74,969
11 years$122,830$109,842$98,077$87,453$77,886$63,066
12 years$111,443$98,588$87,041$76,708$67,494$53,430
13 years$101,815$89,095$77,765$67,722$58,856$45,527
14 years$93,570$80,985$69,873$60,116$51,593$38,978
15 years$86,431$73,981$63,086$53,613$45,427$33,503
16 years$80,190$67,876$57,196$48,004$40,148$28,893
17 years$74,689$62,512$52,046$43,132$35,598$24,987
18 years$69,805$57,763$47,512$38,870$31,652$21,660
19 years$65,440$53,535$43,495$35,123$28,212$18,815
20 years$61,516$49,747$39,917$31,810$25,200$16,372
21 years$57,971$46,337$36,716$28,870$22,551$14,267
22 years$54,752$43,254$33,840$26,249$20,214$12,449
23 years$51,818$40,455$31,245$23,906$18,145$10,875
24 years$49,132$37,903$28,896$21,803$16,309$9,509
25 years$46,665$35,571$26,764$19,912$14,676$8,322
26 years$44,391$33,431$24,822$18,207$13,219$7,288
27 years$42,289$31,462$23,049$16,665$11,918$6,386
28 years$40,341$29,647$21,427$15,269$10,754$5,600
29 years$38,530$27,968$19,940$14,002$9,711$4,912
30 years$36,844$26,413$18,573$12,850$8,774$4,311
31 years$35,269$24,969$17,315$11,802$7,933$3,785
32 years$33,796$23,626$16,156$10,846$7,176$3,324
33 years$32,414$22,374$15,085$9,974$6,494$2,920
34 years$31,117$21,205$14,094$9,177$5,880$2,566
35 years$29,897$20,113$13,177$8,448$5,325$2,255
36 years$28,747$19,090$12,327$7,780$4,825$1,982
37 years$27,662$18,131$11,538$7,168$4,373$1,743
38 years$26,636$17,231$10,805$6,607$3,965$1,533
39 years$25,665$16,385$10,123$6,092$3,595$1,348
40 years$24,746$15,589$9,488$5,619$3,261$1,185
41 years$23,873$14,839$8,897$5,184$2,959$1,043
42 years$23,044$14,133$8,345$4,785$2,685$917
43 years$22,256$13,465$7,831$4,417$2,436$807
44 years$21,505$12,835$7,351$4,078$2,212$710
45 years$20,790$12,240$6,902$3,766$2,008$625
46 years$20,109$11,676$6,483$3,479$1,823$550
47 years$19,458$11,143$6,090$3,214$1,655$484
48 years$18,836$10,637$5,723$2,970$1,503$426
49 years$18,241$10,158$5,379$2,745$1,365$375
50 years$17,672$9,703$5,058$2,537$1,240$330

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $18,100,000, adding $6,440 every year, while hoping to spend $47,240 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: 48/41/11 Blend
65$18,100,000$18,100,000$18,100,000$18,100,000
66$19,952,843$18,993,543$18,712,993$20,850,092
67$21,937,770$19,873,963$19,289,615$22,348,391
68$24,123,576$20,795,941$19,883,971$23,968,814
69$26,530,701$21,761,463$20,496,605$25,727,114
70$29,181,669$22,772,611$21,128,077$27,636,166
71$32,101,297$23,831,567$21,778,966$29,710,101
72$35,316,936$24,940,620$22,449,867$31,964,440
73$38,858,720$26,102,167$23,141,394$34,416,223
74$42,759,860$27,318,723$23,854,181$37,084,170
75$47,056,948$28,592,923$24,588,879$39,988,846
76$51,790,310$29,927,530$25,346,160$43,152,845
77$57,004,382$31,325,440$26,126,717$46,600,997
78$62,748,131$32,789,688$26,931,263$50,360,591
79$69,075,515$34,323,457$27,760,535$54,461,621
80$76,045,995$35,930,084$28,615,291$58,937,060
81$83,725,094$37,613,066$29,496,311$63,823,161
82$92,185,017$39,376,070$30,404,401$69,159,786
83$101,505,332$41,222,940$31,340,391$74,990,772
84$111,773,718$43,157,706$32,305,136$81,364,327
85$123,086,796$45,184,593$33,299,518$88,333,478
86$135,551,042$47,308,031$34,324,444$95,956,555
87$149,283,787$49,532,663$35,380,851$104,297,725
88$164,414,328$51,863,357$36,469,704$113,427,585
89$181,085,147$54,305,220$37,591,997$123,423,810
90$199,453,257$56,863,601$38,748,754$134,371,874
91$219,691,683$59,544,111$39,941,031$146,365,831
92$241,991,096$62,352,634$41,169,917$159,509,195
93$266,561,611$65,295,336$42,436,533$173,915,886
94$293,634,773$68,378,685$43,742,034$189,711,297
95$323,465,739$71,609,460$45,087,611$207,033,447
96$356,335,690$74,994,769$46,474,492$226,034,266
97$392,554,485$78,542,067$47,903,942$246,881,008
98$432,463,582$82,259,168$49,377,264$269,757,798
99$476,439,266$86,154,266$50,895,801$294,867,355
100$524,896,199$90,235,953$52,460,938$322,432,869