Can I retire at age 66 with 18,600,000?

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,450,872
2 years$760,381$746,220$732,495$719,188$706,281$673,884
3 years$501,886$487,663$473,973$460,791$448,094$416,629
4 years$372,663$358,484$344,931$331,974$319,584$289,294
5 years$295,150$281,056$267,681$254,988$242,943$213,913
6 years$243,491$229,503$216,326$203,916$192,232$164,493
7 years$206,606$192,736$179,768$167,650$156,336$129,893
8 years$178,956$165,211$152,457$140,638$129,696$104,539
9 years$157,461$143,846$131,311$119,792$109,223$85,334
10 years$140,275$126,793$114,480$103,262$93,063$70,419
11 years$126,223$112,876$100,787$89,869$80,038$58,607
12 years$114,521$101,312$89,446$78,827$69,359$49,110
13 years$104,628$91,556$79,914$69,593$60,482$41,378
14 years$96,155$83,222$71,803$61,776$53,018$35,021
15 years$88,818$76,025$64,828$55,094$46,682$29,751
16 years$82,405$69,751$58,776$49,330$41,257$25,352
17 years$76,752$64,238$53,484$44,323$36,582$21,660
18 years$71,733$59,359$48,824$39,944$32,527$18,546
19 years$67,248$55,013$44,696$36,093$28,992$15,908
20 years$63,216$51,121$41,020$32,689$25,896$13,667
21 years$59,572$47,617$37,730$29,667$23,174$11,758
22 years$56,265$44,449$34,774$26,974$20,772$10,126
23 years$53,249$41,572$32,108$24,566$18,646$8,730
24 years$50,489$38,951$29,694$22,406$16,760$7,532
25 years$47,954$36,553$27,503$20,462$15,081$6,503
26 years$45,617$34,354$25,508$18,710$13,585$5,618
27 years$43,457$32,331$23,686$17,125$12,248$4,857
28 years$41,455$30,466$22,019$15,690$11,051$4,200
29 years$39,595$28,741$20,491$14,388$9,979$3,633
30 years$37,862$27,143$19,086$13,205$9,017$3,144
31 years$36,243$25,659$17,794$12,128$8,152$2,722
32 years$34,729$24,278$16,602$11,146$7,374$2,357
33 years$33,310$22,992$15,501$10,249$6,673$2,041
34 years$31,977$21,791$14,483$9,430$6,042$1,768
35 years$30,723$20,669$13,541$8,681$5,473$1,532
36 years$29,541$19,618$12,667$7,995$4,958$1,328
37 years$28,426$18,632$11,856$7,366$4,494$1,150
38 years$27,372$17,707$11,103$6,790$4,074$997
39 years$26,374$16,838$10,402$6,261$3,695$864
40 years$25,429$16,020$9,750$5,774$3,351$749
41 years$24,532$15,249$9,142$5,328$3,040$650
42 years$23,681$14,523$8,576$4,917$2,759$563
43 years$22,871$13,837$8,047$4,539$2,504$488
44 years$22,099$13,190$7,554$4,191$2,273$423
45 years$21,365$12,578$7,093$3,870$2,063$367
46 years$20,664$11,999$6,662$3,575$1,873$318
47 years$19,995$11,450$6,259$3,303$1,701$276
48 years$19,356$10,931$5,881$3,052$1,545$239
49 years$18,745$10,439$5,528$2,821$1,403$208
50 years$18,160$9,971$5,197$2,607$1,274$180

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $18,600,000, adding $4,105 every year, while hoping to spend $24,810 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: 53/27/20 Blend
65$18,600,000$18,600,000$18,600,000$18,600,000
66$20,501,434$19,515,634$19,227,334$21,475,458
67$22,566,183$20,445,503$19,845,052$23,074,710
68$24,840,704$21,420,103$20,482,632$24,811,052
69$27,346,369$22,441,601$21,140,714$26,699,919
70$30,106,727$23,512,268$21,819,956$28,755,843
71$33,147,729$24,634,485$22,521,040$30,994,798
72$36,497,972$25,810,749$23,244,670$33,434,338
73$40,188,969$27,043,679$23,991,569$36,093,760
74$44,255,445$28,336,022$24,762,489$38,994,280
75$48,735,670$29,690,655$25,558,201$42,159,223
76$53,671,811$31,110,600$26,379,504$45,614,239
77$59,110,339$32,599,023$27,227,221$49,387,536
78$65,102,464$34,159,245$28,102,202$53,510,141
79$71,704,615$35,794,749$29,005,326$58,016,179
80$78,978,980$37,509,185$29,937,499$62,943,193
81$86,994,085$39,306,385$30,899,654$68,332,486
82$95,825,447$41,190,363$31,892,758$74,229,501
83$105,556,285$43,165,333$32,917,807$80,684,240
84$116,278,302$45,235,710$33,975,830$87,751,728
85$128,092,555$47,406,127$35,067,887$95,492,521
86$141,110,410$49,681,441$36,195,075$103,973,263
87$155,454,587$52,066,746$37,358,525$113,267,309
88$171,260,323$54,567,385$38,559,404$123,455,400
89$188,676,650$57,188,961$39,798,918$134,626,414
90$207,867,797$59,937,349$41,078,311$146,878,193
91$229,014,744$62,818,711$42,398,866$160,318,452
92$252,316,929$65,839,509$43,761,909$175,065,777
93$277,994,132$69,006,521$45,168,809$191,250,737
94$306,288,547$72,326,853$46,620,977$209,017,092
95$337,467,071$75,807,962$48,119,872$228,523,138
96$371,823,822$79,457,662$49,666,999$249,943,185
97$409,682,919$83,284,155$51,263,910$273,469,179
98$451,401,535$87,296,036$52,912,209$299,312,499
99$497,373,275$91,502,326$54,613,552$327,705,929
100$548,031,889$95,912,480$56,369,646$358,905,838