Can I retire at age 66 with 19,400,000?

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 $19,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,540,465
2 years$793,086$778,316$764,001$750,121$736,659$730,078
3 years$523,472$508,638$494,359$480,610$467,367$460,927
4 years$388,691$373,903$359,767$346,252$333,330$327,081
5 years$307,844$293,144$279,194$265,955$253,392$247,353
6 years$253,964$239,374$225,630$212,686$200,500$194,679
7 years$215,493$201,026$187,500$174,861$163,061$157,459
8 years$186,653$172,317$159,015$146,687$135,274$129,894
9 years$164,233$150,033$136,959$124,945$113,921$108,759
10 years$146,308$132,246$119,404$107,703$97,066$92,122
11 years$131,652$117,731$105,121$93,734$83,480$78,750
12 years$119,447$105,669$93,293$82,218$72,342$67,822
13 years$109,128$95,494$83,351$72,586$63,084$58,770
14 years$100,290$86,801$74,891$64,434$55,299$51,187
15 years$92,638$79,295$67,617$57,463$48,689$44,774
16 years$85,949$72,751$61,304$51,452$43,032$39,308
17 years$80,053$67,001$55,784$46,229$38,155$34,617
18 years$74,818$61,912$50,924$41,662$33,926$30,567
19 years$70,140$57,380$46,619$37,645$30,239$27,054
20 years$65,934$53,320$42,784$34,095$27,010$23,994
21 years$62,135$49,665$39,353$30,943$24,171$21,317
22 years$58,685$46,361$36,270$28,135$21,666$18,968
23 years$55,539$43,360$33,489$25,623$19,448$16,901
24 years$52,661$40,626$30,972$23,369$17,481$15,077
25 years$50,016$38,125$28,686$21,342$15,730$13,464
26 years$47,579$35,832$26,605$19,514$14,169$12,035
27 years$45,326$33,722$24,705$17,862$12,774$10,767
28 years$43,238$31,776$22,966$16,365$11,527$9,639
29 years$41,298$29,977$21,372$15,007$10,408$8,635
30 years$39,490$28,310$19,907$13,773$9,404$7,740
31 years$37,802$26,762$18,559$12,649$8,503$6,942
32 years$36,223$25,323$17,316$11,625$7,691$6,229
33 years$34,743$23,981$16,168$10,690$6,961$5,591
34 years$33,352$22,728$15,106$9,836$6,302$5,020
35 years$32,044$21,558$14,123$9,055$5,708$4,510
36 years$30,812$20,461$13,212$8,339$5,172$4,052
37 years$29,648$19,434$12,366$7,683$4,687$3,642
38 years$28,549$18,469$11,581$7,082$4,249$3,274
39 years$27,509$17,562$10,850$6,530$3,854$2,944
40 years$26,523$16,709$10,169$6,023$3,495$2,648
41 years$25,587$15,905$9,536$5,557$3,171$2,382
42 years$24,699$15,148$8,945$5,128$2,877$2,143
43 years$23,854$14,433$8,393$4,734$2,611$1,928
44 years$23,050$13,757$7,879$4,371$2,370$1,735
45 years$22,284$13,119$7,398$4,037$2,152$1,561
46 years$21,553$12,515$6,948$3,729$1,954$1,405
47 years$20,855$11,943$6,528$3,445$1,774$1,265
48 years$20,189$11,401$6,134$3,183$1,611$1,139
49 years$19,551$10,887$5,766$2,942$1,463$1,025
50 years$18,941$10,400$5,421$2,719$1,329$923

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $19,400,000, adding $3,652 every year, while hoping to spend $50,114 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: 59/33/8 Blend
65$19,400,000$19,400,000$19,400,000$19,400,000
66$21,382,567$20,354,367$20,053,667$22,606,328
67$23,510,268$21,298,410$20,672,144$24,372,163
68$25,853,315$22,287,032$21,309,660$26,290,639
69$28,433,620$23,322,363$21,966,801$28,381,172
70$31,275,329$24,406,639$22,644,169$30,660,284
71$34,405,049$25,542,201$23,342,385$33,146,137
72$37,852,099$26,731,504$24,062,090$35,858,697
73$41,648,787$27,977,121$24,803,943$38,819,914
74$45,830,714$29,281,750$25,568,626$42,053,927
75$50,437,110$30,648,220$26,356,839$45,587,279
76$55,511,207$32,079,494$27,169,304$49,449,163
77$61,100,640$33,578,680$28,006,766$53,671,692
78$67,257,906$35,149,035$28,869,993$58,290,185
79$74,040,850$36,793,976$29,759,776$63,343,503
80$81,513,218$38,517,082$30,676,930$68,874,397
81$89,745,254$40,322,106$31,622,294$74,929,909
82$98,814,364$42,212,984$32,596,735$81,561,800
83$108,805,849$44,193,840$33,601,146$88,827,033
84$119,813,707$46,268,999$34,636,445$96,788,296
85$131,941,520$48,442,996$35,703,582$105,514,586
86$145,303,436$50,720,583$36,803,532$115,081,844
87$160,025,238$53,106,744$37,937,303$125,573,663
88$176,245,542$55,606,703$39,105,932$137,082,060
89$194,117,095$58,225,940$40,310,488$149,708,335
90$213,808,223$60,970,195$41,552,074$163,564,008
91$235,504,419$63,845,492$42,831,826$178,771,863
92$259,410,091$66,858,142$44,150,913$195,467,084
93$285,750,495$70,014,766$45,510,543$213,798,518
94$314,773,858$73,322,302$46,911,959$233,930,064
95$346,753,724$76,788,027$48,356,441$256,042,200
96$381,991,533$80,419,569$49,845,312$280,333,666
97$420,819,470$84,224,929$51,379,930$307,023,324
98$463,603,598$88,212,492$52,961,700$336,352,200
99$510,747,313$92,391,053$54,592,066$368,585,740
100$562,695,157$96,769,833$56,272,518$404,016,289