Can I retire at age 66 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,439,976
2 years$764,470$750,232$736,434$723,055$710,078$659,028
3 years$504,584$490,285$476,521$463,268$450,503$401,194
4 years$374,667$360,411$346,785$333,759$321,302$274,112
5 years$296,736$282,567$269,120$256,359$244,249$199,302
6 years$244,800$230,737$217,489$205,012$193,266$150,598
7 years$207,717$193,773$180,734$168,552$157,177$116,780
8 years$179,918$166,099$153,277$141,394$130,393$92,236
9 years$158,307$144,619$132,017$120,436$109,810$73,845
10 years$141,029$127,475$115,096$103,817$93,564$59,731
11 years$126,902$113,483$101,328$90,352$80,468$48,702
12 years$115,137$101,856$89,926$79,251$69,732$39,958
13 years$105,190$92,048$80,343$69,967$60,807$32,948
14 years$96,672$83,669$72,189$62,109$53,303$27,278
15 years$89,296$76,434$65,177$55,390$46,933$22,657
16 years$82,848$70,126$59,092$49,596$41,479$18,869
17 years$77,165$64,584$53,772$44,561$36,778$15,749
18 years$72,119$59,678$49,087$40,159$32,702$13,169
19 years$67,609$55,309$44,936$36,287$29,148$11,028
20 years$63,555$51,396$41,240$32,865$26,035$9,247
21 years$59,893$47,873$37,933$29,827$23,299$7,761
22 years$56,567$44,688$34,961$27,119$20,884$6,520
23 years$53,535$41,796$32,281$24,698$18,747$5,481
24 years$50,760$39,160$29,854$22,526$16,850$4,610
25 years$48,211$36,750$27,651$20,572$15,162$3,880
26 years$45,862$34,539$25,645$18,810$13,658$3,267
27 years$43,691$32,505$23,813$17,217$12,314$2,752
28 years$41,678$30,629$22,138$15,775$11,111$2,318
29 years$39,808$28,895$20,601$14,466$10,033$1,954
30 years$38,065$27,288$19,189$13,276$9,065$1,647
31 years$36,438$25,797$17,889$12,193$8,196$1,388
32 years$34,916$24,409$16,691$11,206$7,414$1,171
33 years$33,489$23,116$15,585$10,305$6,709$987
34 years$32,149$21,908$14,561$9,481$6,075$833
35 years$30,888$20,780$13,614$8,728$5,502$702
36 years$29,700$19,723$12,735$8,038$4,985$592
37 years$28,579$18,732$11,920$7,406$4,518$500
38 years$27,519$17,802$11,163$6,826$4,096$422
39 years$26,516$16,928$10,458$6,294$3,714$356
40 years$25,566$16,106$9,802$5,806$3,369$300
41 years$24,664$15,331$9,192$5,356$3,057$253
42 years$23,808$14,601$8,622$4,943$2,774$214
43 years$22,993$13,912$8,091$4,563$2,517$180
44 years$22,218$13,261$7,594$4,213$2,285$152
45 years$21,480$12,645$7,131$3,891$2,074$128
46 years$20,775$12,063$6,698$3,594$1,883$108
47 years$20,103$11,512$6,292$3,321$1,710$91
48 years$19,460$10,990$5,913$3,068$1,553$77
49 years$18,846$10,495$5,558$2,836$1,410$65
50 years$18,258$10,025$5,225$2,621$1,281$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $18,700,000, adding $3,803 every year, while hoping to spend $44,495 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: 64/28/8 Blend
65$18,700,000$18,700,000$18,700,000$18,700,000
66$20,611,323$19,620,223$19,330,373$21,897,520
67$22,666,335$20,534,271$19,930,598$23,669,168
68$24,929,468$21,491,617$20,549,439$25,597,789
69$27,421,902$22,494,334$21,187,474$27,703,050
70$30,166,977$23,544,598$21,845,295$30,002,098
71$33,190,414$24,644,688$22,523,518$32,513,795
72$36,520,552$25,796,994$23,222,772$35,258,883
73$40,188,624$27,004,022$23,943,710$38,260,178
74$44,229,042$28,268,398$24,687,003$41,542,778
75$48,679,730$29,592,875$25,453,343$45,134,298
76$53,582,477$30,980,341$26,243,445$49,065,115
77$58,983,333$32,433,821$27,058,044$53,368,659
78$64,933,043$33,956,488$27,897,898$58,081,713
79$71,487,525$35,551,668$28,763,789$63,244,758
80$78,708,401$37,222,848$29,656,525$68,902,345
81$86,663,575$38,973,684$30,576,935$75,103,507
82$95,427,874$40,808,009$31,525,876$81,902,216
83$105,083,757$42,729,841$32,504,233$89,357,882
84$115,722,090$44,743,394$33,512,915$97,535,905
85$127,443,007$46,853,084$34,552,862$106,508,280
86$140,356,851$49,063,542$35,625,040$116,354,273
87$154,585,219$51,379,625$36,730,448$127,161,151
88$170,262,108$53,806,423$37,870,115$139,025,000
89$187,535,179$56,349,274$39,045,099$152,051,619
90$206,567,153$59,013,774$40,256,496$166,357,506
91$227,537,345$61,805,791$41,505,431$182,070,944
92$250,643,357$64,731,478$42,793,066$199,333,204
93$276,102,944$67,797,285$44,120,598$218,299,855
94$304,156,069$71,009,977$45,489,263$239,142,229
95$335,067,168$74,376,645$46,900,333$262,049,015
96$369,127,645$77,904,726$48,355,119$287,228,028
97$406,658,624$81,602,018$49,854,976$314,908,153
98$448,013,982$85,476,695$51,401,296$345,341,489
99$493,583,687$89,537,331$52,995,518$378,805,709
100$543,797,478$93,792,915$54,639,122$415,606,664