Can I retire at age 66 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,440,436
2 years$748,117$734,184$720,681$707,589$694,889$675,944
3 years$493,791$479,798$466,328$453,359$440,866$422,395
4 years$366,652$352,702$339,368$326,620$314,430$296,576
5 years$290,389$276,523$263,363$250,875$239,024$221,839
6 years$239,564$225,802$212,837$200,627$189,132$172,637
7 years$203,274$189,628$176,868$164,946$153,815$138,015
8 years$176,069$162,546$149,998$138,369$127,604$112,499
9 years$154,921$141,526$129,193$117,860$107,461$93,043
10 years$138,012$124,748$112,634$101,597$91,562$77,822
11 years$124,187$111,056$99,161$88,419$78,747$65,671
12 years$112,674$99,678$88,003$77,556$68,240$55,815
13 years$102,940$90,079$78,625$68,470$59,507$47,715
14 years$94,604$81,880$70,645$60,780$52,163$40,988
15 years$87,386$74,799$63,783$54,205$45,929$35,351
16 years$81,076$68,626$57,828$48,535$40,592$30,593
17 years$75,514$63,202$52,621$43,608$35,992$26,551
18 years$70,576$58,402$48,037$39,300$32,002$23,099
19 years$66,163$54,126$43,975$35,511$28,524$20,138
20 years$62,196$50,297$40,358$32,162$25,478$17,588
21 years$58,611$46,849$37,122$29,189$22,800$15,385
22 years$55,357$43,732$34,214$26,539$20,437$13,476
23 years$52,390$40,902$31,590$24,170$18,346$11,817
24 years$49,675$38,322$29,216$22,044$16,489$10,373
25 years$47,180$35,964$27,059$20,132$14,838$9,113
26 years$44,881$33,800$25,096$18,408$13,365$8,013
27 years$42,756$31,810$23,304$16,849$12,050$7,050
28 years$40,787$29,974$21,664$15,437$10,873$6,207
29 years$38,956$28,277$20,160$14,156$9,818$5,467
30 years$37,251$26,705$18,779$12,992$8,871$4,818
31 years$35,659$25,245$17,507$11,932$8,020$4,247
32 years$34,169$23,887$16,334$10,966$7,255$3,745
33 years$32,773$22,621$15,251$10,084$6,566$3,304
34 years$31,461$21,440$14,250$9,278$5,945$2,915
35 years$30,227$20,335$13,323$8,541$5,384$2,573
36 years$29,065$19,301$12,463$7,866$4,878$2,271
37 years$27,967$18,332$11,665$7,248$4,421$2,006
38 years$26,930$17,422$10,924$6,680$4,008$1,771
39 years$25,949$16,566$10,235$6,160$3,635$1,564
40 years$25,019$15,761$9,593$5,681$3,297$1,382
41 years$24,137$15,003$8,995$5,242$2,991$1,221
42 years$23,299$14,289$8,438$4,838$2,714$1,078
43 years$22,502$13,614$7,918$4,466$2,463$953
44 years$21,743$12,977$7,432$4,123$2,236$842
45 years$21,020$12,375$6,978$3,808$2,030$744
46 years$20,331$11,805$6,554$3,517$1,843$658
47 years$19,673$11,266$6,158$3,250$1,674$581
48 years$19,044$10,755$5,786$3,003$1,520$514
49 years$18,443$10,270$5,439$2,775$1,380$454
50 years$17,867$9,810$5,113$2,565$1,254$401

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $18,300,000, adding $2,120 every year, while hoping to spend $43,083 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: 56/35/9 Blend
65$18,300,000$18,300,000$18,300,000$18,300,000
66$20,168,787$19,198,887$18,915,237$21,254,665
67$22,180,163$20,093,792$19,503,057$22,882,878
68$24,395,256$21,031,104$20,109,126$24,650,475
69$26,834,798$22,012,855$20,734,008$26,574,654
70$29,521,638$23,041,175$21,378,288$28,670,350
71$32,480,951$24,118,298$22,042,566$30,953,977
72$35,740,479$25,246,566$22,727,462$33,443,573
73$39,330,792$26,428,432$23,433,617$36,158,962
74$43,285,578$27,666,470$24,161,689$39,121,942
75$47,641,958$28,963,379$24,912,357$42,356,473
76$52,440,839$30,321,985$25,686,321$45,888,904
77$57,727,296$31,745,254$26,484,305$49,748,208
78$63,551,003$33,236,294$27,307,052$53,966,249
79$69,966,698$34,798,365$28,155,330$58,578,076
80$77,034,697$36,434,881$29,029,930$63,622,240
81$84,821,472$38,149,426$29,931,669$69,141,152
82$93,400,269$39,945,755$30,861,386$75,181,471
83$102,851,804$41,827,804$31,819,950$81,794,535
84$113,265,024$43,799,702$32,808,254$89,036,834
85$124,737,946$45,865,777$33,827,220$96,970,531
86$137,378,582$48,030,566$34,877,798$105,664,038
87$151,305,960$50,298,827$35,960,967$115,192,645
88$166,651,246$52,675,547$37,077,737$125,639,225
89$183,558,981$55,165,957$38,229,149$137,094,993
90$202,188,449$57,775,540$39,416,278$149,660,360
91$222,715,175$60,510,047$40,640,228$163,445,861
92$245,332,588$63,375,504$41,902,140$178,573,183
93$270,253,842$66,378,234$43,203,192$195,176,299
94$297,713,830$69,524,863$44,544,594$213,402,712
95$327,971,400$72,822,341$45,927,598$233,414,831
96$361,311,802$76,277,954$47,353,491$255,391,483
97$398,049,375$79,899,343$48,823,602$279,529,584
98$438,530,519$83,694,519$50,339,301$306,045,972
99$483,136,963$87,671,881$51,901,999$335,179,436
100$532,289,369$91,840,239$53,513,151$367,192,944