Can I retire at age 66 with 19,200,000?

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 $19,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,473,199
2 years$784,910$770,292$756,124$742,388$729,064$671,467
3 years$518,075$503,394$489,263$475,655$462,548$407,002
4 years$384,684$370,048$356,058$342,683$329,893$276,821
5 years$304,671$290,122$276,316$263,213$250,780$200,319
6 years$251,346$236,907$223,304$210,494$198,433$150,618
7 years$213,271$198,954$185,567$173,059$161,380$116,196
8 years$184,728$170,540$157,375$145,175$133,880$91,287
9 years$162,540$148,486$135,547$123,656$112,746$72,682
10 years$144,800$130,883$118,173$106,593$96,065$58,458
11 years$130,295$116,517$104,038$92,768$82,619$47,385
12 years$118,216$104,580$92,331$81,370$71,596$38,645
13 years$108,003$94,510$82,492$71,837$62,433$31,670
14 years$99,257$85,907$74,119$63,769$54,729$26,055
15 years$91,683$78,477$66,919$56,871$48,187$21,503
16 years$85,063$72,001$60,672$50,922$42,588$17,792
17 years$79,228$66,311$55,209$45,753$37,762$14,752
18 years$74,047$61,274$50,399$41,233$33,576$12,252
19 years$69,417$56,788$46,138$37,257$29,927$10,191
20 years$65,255$52,770$42,343$33,743$26,731$8,486
21 years$61,494$49,153$38,947$30,624$23,921$7,073
22 years$58,080$45,883$35,896$27,845$21,442$5,900
23 years$54,967$42,913$33,144$25,359$19,248$4,925
24 years$52,118$40,207$30,652$23,128$17,300$4,113
25 years$49,501$37,732$28,390$21,122$15,568$3,437
26 years$47,089$35,462$26,330$19,313$14,023$2,873
27 years$44,859$33,374$24,450$17,678$12,643$2,402
28 years$42,793$31,448$22,730$16,197$11,408$2,009
29 years$40,872$29,668$21,152$14,853$10,301$1,681
30 years$39,083$28,018$19,702$13,631$9,308$1,406
31 years$37,412$26,486$18,368$12,519$8,415$1,177
32 years$35,850$25,062$17,137$11,505$7,612$985
33 years$34,384$23,734$16,001$10,580$6,889$824
34 years$33,008$22,494$14,951$9,735$6,237$690
35 years$31,714$21,335$13,978$8,961$5,649$578
36 years$30,494$20,250$13,076$8,253$5,118$484
37 years$29,343$19,233$12,239$7,604$4,639$405
38 years$28,255$18,278$11,461$7,009$4,206$339
39 years$27,225$17,381$10,738$6,463$3,814$284
40 years$26,249$16,537$10,065$5,961$3,459$238
41 years$25,324$15,741$9,437$5,500$3,138$199
42 years$24,444$14,991$8,853$5,075$2,848$167
43 years$23,608$14,284$8,307$4,685$2,584$140
44 years$22,812$13,615$7,798$4,326$2,346$117
45 years$22,054$12,984$7,322$3,995$2,130$98
46 years$21,331$12,386$6,877$3,690$1,934$82
47 years$20,640$11,820$6,460$3,410$1,756$69
48 years$19,980$11,284$6,071$3,151$1,595$58
49 years$19,350$10,775$5,706$2,912$1,448$48
50 years$18,746$10,293$5,365$2,691$1,315$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $19,200,000, adding $2,802 every year, while hoping to spend $42,114 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: 83/8/9 Blend
65$19,200,000$19,200,000$19,200,000$19,200,000
66$21,161,290$20,143,690$19,846,090$22,891,564
67$23,274,933$21,085,922$20,466,125$24,965,942
68$25,602,756$22,072,912$21,105,520$27,237,539
69$28,166,560$23,106,808$21,764,879$29,730,776
70$30,990,371$24,189,864$22,444,824$32,467,876
71$34,100,662$25,324,440$23,145,998$35,473,310
72$37,526,604$26,513,012$23,869,064$38,774,029
73$41,300,344$27,758,176$24,614,704$42,399,719
74$45,457,306$29,062,653$25,383,623$46,383,074
75$50,036,523$30,429,296$26,176,547$50,760,105
76$55,081,013$31,861,095$26,994,225$55,570,476
77$60,638,174$33,361,186$27,837,429$60,857,878
78$66,760,240$34,932,857$28,706,956$66,670,437
79$73,504,772$36,579,555$29,603,627$73,061,168
80$80,935,199$38,304,893$30,528,288$80,088,467
81$89,121,417$40,112,660$31,481,813$87,816,666
82$98,140,450$42,006,829$32,465,102$96,316,634
83$108,077,176$43,991,564$33,479,084$105,666,441
84$119,025,131$46,071,233$34,524,716$115,952,094
85$131,087,385$48,250,415$35,602,985$127,268,347
86$144,377,523$50,533,910$36,714,909$139,719,587
87$159,020,710$52,926,751$37,861,539$153,420,819
88$175,154,878$55,434,217$39,043,956$168,498,746
89$192,932,024$58,061,842$40,263,276$185,092,963
90$212,519,646$60,815,428$41,520,652$203,357,269
91$234,102,325$63,701,059$42,817,268$223,461,113
92$257,883,466$66,725,115$44,154,351$245,591,191
93$284,087,218$69,894,284$45,533,161$269,953,203
94$312,960,592$73,215,582$46,954,999$296,773,788
95$344,775,789$76,696,362$48,421,208$326,302,661
96$379,832,773$80,344,337$49,933,172$358,814,963
97$418,462,099$84,167,593$51,492,316$394,613,852
98$461,028,037$88,174,609$53,100,113$434,033,359
99$507,932,010$92,374,278$54,758,080$477,441,537
100$559,616,380$96,775,922$56,467,780$525,243,925