Can I retire at age 66 with 18,800,000?

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 $18,800,000?

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$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,479,792
2 years$768,558$754,244$740,372$726,922$713,875$694,412
3 years$507,282$492,907$479,070$465,746$452,912$433,936
4 years$376,670$362,339$348,640$335,544$323,021$304,679
5 years$298,323$284,078$270,559$257,730$245,555$227,901
6 years$246,109$231,971$218,652$206,108$194,299$177,353
7 years$208,828$194,809$181,701$169,453$158,017$141,786
8 years$180,880$166,987$154,097$142,150$131,091$115,573
9 years$159,154$145,392$132,723$121,080$110,397$95,586
10 years$141,783$128,156$115,711$104,372$94,064$79,948
11 years$127,580$114,090$101,870$90,835$80,898$67,465
12 years$115,753$102,401$90,407$79,675$70,105$57,340
13 years$105,753$92,541$80,773$70,341$61,133$49,019
14 years$97,189$84,117$72,575$62,441$53,589$42,108
15 years$89,773$76,842$65,525$55,686$47,184$36,317
16 years$83,291$70,501$59,408$49,861$41,701$31,428
17 years$77,577$64,929$54,059$44,800$36,975$27,276
18 years$72,504$59,997$49,349$40,373$32,876$23,730
19 years$67,971$55,605$45,177$36,481$29,303$20,688
20 years$63,895$51,671$41,461$33,040$26,174$18,069
21 years$60,213$48,129$38,136$29,986$23,423$15,805
22 years$56,870$44,927$35,148$27,264$20,996$13,844
23 years$53,822$42,019$32,453$24,830$18,847$12,140
24 years$51,032$39,369$30,014$22,647$16,940$10,656
25 years$48,469$36,946$27,799$20,682$15,243$9,362
26 years$46,108$34,723$25,782$18,911$13,731$8,232
27 years$43,925$32,679$23,941$17,309$12,379$7,243
28 years$41,901$30,793$22,256$15,859$11,170$6,376
29 years$40,021$29,050$20,711$14,543$10,086$5,616
30 years$38,269$27,434$19,292$13,347$9,114$4,949
31 years$36,633$25,935$17,985$12,258$8,240$4,363
32 years$35,103$24,539$16,780$11,266$7,453$3,848
33 years$33,668$23,239$15,668$10,360$6,745$3,394
34 years$32,321$22,026$14,639$9,532$6,107$2,995
35 years$31,053$20,891$13,687$8,775$5,531$2,643
36 years$29,859$19,828$12,804$8,081$5,012$2,334
37 years$28,732$18,833$11,984$7,446$4,542$2,060
38 years$27,666$17,898$11,222$6,863$4,118$1,819
39 years$26,658$17,019$10,514$6,328$3,734$1,607
40 years$25,703$16,192$9,855$5,837$3,387$1,420
41 years$24,796$15,413$9,241$5,385$3,073$1,254
42 years$23,935$14,679$8,668$4,970$2,788$1,108
43 years$23,116$13,986$8,134$4,588$2,531$979
44 years$22,337$13,332$7,635$4,236$2,297$865
45 years$21,594$12,713$7,169$3,912$2,085$764
46 years$20,886$12,128$6,733$3,614$1,893$676
47 years$20,210$11,574$6,326$3,338$1,719$597
48 years$19,564$11,049$5,945$3,085$1,561$528
49 years$18,946$10,551$5,588$2,851$1,418$466
50 years$18,355$10,079$5,253$2,635$1,288$412

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $18,800,000, adding $3,492 every year, while hoping to spend $37,903 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: 77/6/17 Blend
65$18,800,000$18,800,000$18,800,000$18,800,000
66$20,721,202$19,724,802$19,433,402$22,238,285
67$22,794,436$20,650,989$20,044,092$24,166,927
68$25,077,870$21,621,288$20,673,971$26,276,359
69$27,592,903$22,637,822$21,323,640$28,588,704
70$30,363,119$23,702,815$21,993,721$31,124,221
71$33,414,502$24,818,598$22,684,855$33,905,219
72$36,775,688$25,987,616$23,397,705$36,956,267
73$40,478,231$27,212,432$24,132,951$40,304,422
74$44,556,904$28,495,735$24,891,298$43,979,481
75$49,050,023$29,840,340$25,673,471$48,014,264
76$53,999,812$31,249,204$26,480,220$52,444,915
77$59,452,800$32,725,422$27,312,314$57,311,248
78$65,460,261$34,272,243$28,170,552$62,657,115
79$72,078,696$35,893,071$29,055,754$68,530,818
80$79,370,368$37,591,477$29,968,767$74,985,563
81$87,403,889$39,371,203$30,910,464$82,079,961
82$96,254,869$41,236,175$31,881,748$89,878,573
83$106,006,626$43,190,508$32,883,546$98,452,522
84$116,750,975$45,238,516$33,916,819$107,880,156
85$128,589,096$47,384,725$34,982,553$118,247,789
86$141,632,485$49,633,877$36,081,770$129,650,509
87$156,004,009$51,990,949$37,215,521$142,193,070
88$171,839,067$54,461,154$38,384,889$155,990,883
89$189,286,864$57,049,963$39,590,996$171,171,096
90$208,511,824$59,763,110$40,834,993$187,873,792
91$229,695,136$62,606,609$42,118,072$206,253,306
92$253,036,473$65,586,766$43,441,460$226,479,681
93$278,755,867$68,710,192$44,806,423$248,740,262
94$307,095,794$71,983,820$46,214,267$273,241,465
95$338,323,459$75,414,921$47,666,339$300,210,719
96$372,733,319$79,011,119$49,164,028$329,898,606
97$410,649,861$82,780,407$50,708,767$362,581,223
98$452,430,670$86,731,170$52,302,034$398,562,781
99$498,469,799$90,872,198$53,945,352$438,178,473
100$549,201,492$95,212,709$55,640,295$481,797,626