Can I retire at age 66 with 19,800,000?

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,562,391
2 years$809,438$794,363$779,753$765,588$751,848$735,243
3 years$534,265$519,125$504,552$490,519$477,003$460,797
4 years$396,706$381,612$367,185$353,392$340,203$324,521
5 years$314,192$299,188$284,950$271,439$258,617$243,505
6 years$259,200$244,310$230,282$217,072$204,634$190,111
7 years$219,936$205,171$191,366$178,467$166,423$152,494
8 years$190,501$175,869$162,293$149,711$138,064$124,729
9 years$167,619$153,126$139,783$127,521$116,270$103,524
10 years$149,325$134,973$121,866$109,924$99,067$86,903
11 years$134,366$120,159$107,289$95,667$85,201$73,608
12 years$121,910$107,848$95,216$83,913$73,834$62,799
13 years$111,378$97,463$85,069$74,082$64,384$53,896
14 years$102,358$88,591$76,435$65,762$56,439$46,482
15 years$94,548$80,930$69,011$58,648$49,693$40,253
16 years$87,721$74,251$62,569$52,513$43,919$34,979
17 years$81,704$68,383$56,935$47,183$38,942$30,486
18 years$76,361$63,189$51,974$42,521$34,625$26,637
19 years$71,586$58,563$47,580$38,421$30,862$23,324
20 years$67,294$54,419$43,666$34,798$27,567$20,461
21 years$63,416$50,689$40,165$31,581$24,669$17,978
22 years$59,895$47,317$37,018$28,715$22,112$15,819
23 years$56,685$44,254$34,179$26,151$19,849$13,936
24 years$53,746$41,463$31,610$23,851$17,841$12,290
25 years$51,047$38,911$29,277$21,782$16,054$10,848
26 years$48,560$36,570$27,153$19,917$14,461$9,584
27 years$46,261$34,417$25,214$18,230$13,038$8,473
28 years$44,130$32,431$23,440$16,703$11,764$7,495
29 years$42,149$30,595$21,813$15,317$10,623$6,634
30 years$40,304$28,894$20,318$14,057$9,598$5,875
31 years$38,582$27,314$18,942$12,910$8,678$5,205
32 years$36,970$25,845$17,673$11,865$7,850$4,613
33 years$35,459$24,475$16,501$10,911$7,104$4,089
34 years$34,040$23,197$15,418$10,039$6,432$3,627
35 years$32,705$22,002$14,415$9,241$5,826$3,217
36 years$31,447$20,883$13,485$8,511$5,278$2,854
37 years$30,260$19,834$12,621$7,842$4,784$2,533
38 years$29,138$18,850$11,819$7,228$4,337$2,248
39 years$28,076$17,924$11,073$6,664$3,933$1,996
40 years$27,070$17,053$10,379$6,147$3,567$1,772
41 years$26,115$16,233$9,732$5,671$3,236$1,574
42 years$25,208$15,460$9,129$5,234$2,937$1,398
43 years$24,346$14,730$8,567$4,832$2,665$1,241
44 years$23,525$14,041$8,041$4,461$2,419$1,103
45 years$22,743$13,389$7,550$4,120$2,196$980
46 years$21,997$12,773$7,092$3,806$1,994$870
47 years$21,285$12,189$6,662$3,516$1,811$773
48 years$20,605$11,636$6,261$3,249$1,644$687
49 years$19,954$11,112$5,885$3,003$1,493$610
50 years$19,332$10,615$5,533$2,775$1,357$542

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $19,800,000, adding $2,032 every year, while hoping to spend $51,084 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: 45/43/12 Blend
65$19,800,000$19,800,000$19,800,000$19,800,000
66$21,821,696$20,772,296$20,465,396$22,729,108
67$23,993,156$21,735,786$21,096,634$24,322,830
68$26,384,393$22,744,774$21,747,306$26,044,587
69$29,017,770$23,801,437$22,418,010$27,910,413
70$31,917,929$24,908,054$23,109,360$29,933,635
71$35,112,026$26,067,017$23,821,992$32,128,875
72$38,629,983$27,280,831$24,556,558$34,512,183
73$42,504,772$28,552,122$25,313,733$37,101,179
74$46,772,727$29,883,644$26,094,212$39,915,209
75$51,473,886$31,278,284$26,898,709$42,975,518
76$56,652,369$32,739,066$27,727,962$46,305,443
77$62,356,794$34,269,164$28,582,733$49,930,618
78$68,640,736$35,871,902$29,463,803$53,879,208
79$75,563,231$37,550,765$30,371,981$58,182,161
80$83,189,337$39,309,409$31,308,098$62,873,492
81$91,590,743$41,151,664$32,273,014$67,990,587
82$100,846,450$43,081,547$33,267,611$73,574,541
83$111,043,513$45,103,268$34,292,800$79,670,540
84$122,277,864$47,221,240$35,349,522$86,328,263
85$134,655,218$49,440,093$36,438,743$93,602,341
86$148,292,070$51,764,677$37,561,460$101,552,858
87$163,316,794$54,200,080$38,718,702$110,245,896
88$179,870,857$56,751,633$39,911,529$119,754,146
89$198,110,150$59,424,929$41,141,031$130,157,571
90$218,206,464$62,225,829$42,408,334$141,544,146
91$240,349,108$65,160,479$43,714,597$154,010,667
92$264,746,697$68,235,323$45,061,017$167,663,640
93$291,629,123$71,457,117$46,448,824$182,620,269
94$321,249,722$74,832,944$47,879,287$199,009,536
95$353,887,666$78,370,230$49,353,716$216,973,396
96$389,850,600$82,076,764$50,873,458$236,668,090
97$429,477,545$85,960,709$52,439,903$258,265,592
98$473,142,097$90,030,627$54,054,482$281,955,209
99$521,255,956$94,295,492$55,718,672$307,945,335
100$574,272,809$98,764,717$57,433,993$336,465,388