Can I retire at age 66 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,537,440
2 years$797,174$782,328$767,939$753,988$740,456$722,821
3 years$526,170$511,260$496,907$483,087$469,776$452,570
4 years$390,695$375,830$361,621$348,037$335,048$318,405
5 years$309,431$294,655$280,633$267,326$254,698$238,666
6 years$255,273$240,608$226,793$213,783$201,534$186,133
7 years$216,603$202,062$188,466$175,763$163,901$149,137
8 years$187,615$173,205$159,834$147,443$135,972$121,844
9 years$165,080$150,806$137,665$125,589$114,508$101,010
10 years$147,062$132,928$120,020$108,259$97,566$84,690
11 years$132,330$118,338$105,663$94,217$83,910$71,645
12 years$120,063$106,214$93,774$82,641$72,715$61,047
13 years$109,690$95,986$83,780$72,960$63,409$52,324
14 years$100,807$87,249$75,277$64,766$55,584$45,067
15 years$93,116$79,703$67,965$57,760$48,940$38,975
16 years$86,392$73,126$61,620$51,717$43,254$33,822
17 years$80,466$67,347$56,072$46,468$38,352$29,436
18 years$75,204$62,231$51,187$41,877$34,101$25,683
19 years$70,501$57,675$46,859$37,839$30,395$22,456
20 years$66,274$53,595$43,005$34,271$27,149$19,670
21 years$62,455$49,921$39,556$31,103$24,295$17,258
22 years$58,987$46,600$36,457$28,280$21,777$15,162
23 years$55,826$43,584$33,662$25,755$19,549$13,337
24 years$52,932$40,835$31,131$23,490$17,571$11,743
25 years$50,274$38,322$28,834$21,452$15,811$10,350
26 years$47,824$36,016$26,742$19,615$14,242$9,129
27 years$45,560$33,896$24,832$17,954$12,840$8,058
28 years$43,461$31,940$23,085$16,450$11,586$7,117
29 years$41,511$30,131$21,482$15,085$10,462$6,289
30 years$39,694$28,456$20,010$13,844$9,453$5,560
31 years$37,997$26,900$18,655$12,715$8,546$4,918
32 years$36,410$25,453$17,405$11,685$7,731$4,351
33 years$34,922$24,105$16,251$10,745$6,996$3,851
34 years$33,524$22,846$15,184$9,887$6,334$3,410
35 years$32,209$21,669$14,196$9,101$5,737$3,019
36 years$30,971$20,567$13,280$8,382$5,198$2,675
37 years$29,801$19,534$12,430$7,723$4,711$2,369
38 years$28,696$18,564$11,640$7,118$4,271$2,100
39 years$27,651$17,653$10,906$6,564$3,873$1,861
40 years$26,660$16,795$10,222$6,054$3,513$1,649
41 years$25,719$15,987$9,585$5,585$3,187$1,462
42 years$24,826$15,226$8,991$5,155$2,892$1,296
43 years$23,977$14,507$8,437$4,758$2,625$1,149
44 years$23,169$13,828$7,919$4,394$2,383$1,019
45 years$22,399$13,186$7,436$4,058$2,163$904
46 years$21,664$12,579$6,984$3,748$1,964$801
47 years$20,963$12,005$6,561$3,463$1,783$711
48 years$20,293$11,460$6,166$3,200$1,619$630
49 years$19,652$10,944$5,796$2,957$1,471$559
50 years$19,039$10,454$5,449$2,733$1,336$496

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $19,500,000, adding $2,656 every year, while hoping to spend $28,214 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: 41/45/14 Blend
65$19,500,000$19,500,000$19,500,000$19,500,000
66$21,491,740$20,458,240$20,155,990$22,283,892
67$23,653,878$21,430,674$20,801,196$23,815,428
68$26,035,608$22,449,812$21,467,071$25,469,036
69$28,659,300$23,517,912$22,154,277$27,258,167
70$31,549,602$24,637,343$22,863,499$29,195,177
71$34,733,676$25,810,589$23,595,442$31,293,612
72$38,241,457$27,040,253$24,350,834$33,568,332
73$42,105,926$28,329,066$25,130,428$36,035,636
74$46,363,432$29,679,892$25,934,999$38,713,411
75$51,054,029$31,095,733$26,765,348$41,621,288
76$56,221,855$32,579,739$27,622,302$44,780,816
77$61,915,549$34,135,211$28,506,715$48,215,653
78$68,188,711$35,765,612$29,419,465$51,951,778
79$75,100,405$37,474,573$30,361,462$56,017,723
80$82,715,719$39,265,900$31,333,645$60,444,830
81$91,106,381$41,143,588$32,336,980$65,267,530
82$100,351,430$43,111,822$33,372,468$70,523,658
83$110,537,969$45,174,994$34,441,138$76,254,790
84$121,761,981$47,337,708$35,544,056$82,506,620
85$134,129,241$49,604,793$36,682,319$89,329,378
86$147,756,309$51,981,313$37,857,062$96,778,283
87$162,771,632$54,472,578$39,069,453$104,914,045
88$179,316,761$57,084,156$40,320,702$113,803,425
89$197,547,679$59,821,888$41,612,054$123,519,834
90$217,636,279$62,691,898$42,944,795$134,144,017
91$239,771,987$65,700,608$44,320,253$145,764,781
92$264,163,547$68,854,755$45,739,799$158,479,821
93$291,040,993$72,161,402$47,204,846$172,396,610
94$320,657,820$75,627,957$48,716,854$187,633,390
95$353,293,379$79,262,188$50,277,330$204,320,262
96$389,255,511$83,072,243$51,887,828$222,600,386
97$428,883,456$87,066,666$53,549,954$242,631,304
98$472,551,054$91,254,418$55,265,363$264,586,394
99$520,670,274$95,644,897$57,035,765$288,656,474
100$573,695,104$100,247,958$58,862,924$315,051,574