Can I retire at age 65 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,265,172
2 years$654,092$641,910$630,104$618,657$607,554$596,779
3 years$431,730$419,495$407,719$396,379$385,457$374,933
4 years$320,570$308,373$296,715$285,569$274,911$264,718
5 years$253,892$241,768$230,263$219,344$208,983$199,150
6 years$209,455$197,422$186,087$175,411$165,361$155,902
7 years$177,726$165,795$154,639$144,215$134,483$125,401
8 years$153,940$142,117$131,146$120,979$111,567$102,862
9 years$135,450$123,738$112,956$103,047$93,955$85,625
10 years$120,667$109,069$98,478$88,828$80,054$72,095
11 years$108,579$97,098$86,698$77,307$68,850$61,254
12 years$98,513$87,150$76,942$67,808$59,664$52,425
13 years$90,002$78,758$68,743$59,865$52,028$45,138
14 years$82,714$71,589$61,766$53,141$45,607$39,057
15 years$76,403$65,398$55,766$47,392$40,156$33,937
16 years$70,886$60,001$50,560$42,435$35,490$29,592
17 years$66,023$55,259$46,008$38,127$31,468$25,881
18 years$61,706$51,062$41,999$34,360$27,980$22,694
19 years$57,847$47,323$38,448$31,048$24,939$19,943
20 years$54,379$43,975$35,286$28,120$22,276$17,559
21 years$51,245$40,961$32,456$25,520$19,935$15,486
22 years$48,400$38,236$29,913$23,204$17,869$13,677
23 years$45,806$35,761$27,620$21,132$16,040$12,095
24 years$43,431$33,506$25,544$19,274$14,417$10,708
25 years$41,250$31,444$23,659$17,602$12,973$9,489
26 years$39,241$29,552$21,942$16,094$11,686$8,416
27 years$37,383$27,812$20,375$14,731$10,536$7,470
28 years$35,661$26,207$18,941$13,497$9,506$6,634
29 years$34,060$24,723$17,627$12,377$8,584$5,896
30 years$32,569$23,348$16,418$11,359$7,756$5,242
31 years$31,177$22,072$15,306$10,433$7,012$4,663
32 years$29,875$20,885$14,281$9,588$6,343$4,150
33 years$28,654$19,778$13,334$8,817$5,741$3,695
34 years$27,507$18,745$12,459$8,112$5,197$3,290
35 years$26,428$17,779$11,648$7,468$4,708$2,931
36 years$25,412$16,875$10,897$6,878$4,265$2,611
37 years$24,452$16,028$10,199$6,337$3,866$2,327
38 years$23,546$15,232$9,551$5,841$3,505$2,075
39 years$22,688$14,484$8,948$5,385$3,178$1,850
40 years$21,875$13,780$8,387$4,967$2,883$1,649
41 years$21,103$13,118$7,864$4,583$2,615$1,471
42 years$20,370$12,493$7,377$4,230$2,373$1,312
43 years$19,674$11,903$6,922$3,904$2,154$1,170
44 years$19,010$11,346$6,498$3,605$1,955$1,044
45 years$18,378$10,820$6,101$3,329$1,775$931
46 years$17,776$10,322$5,731$3,075$1,611$831
47 years$17,200$9,850$5,384$2,841$1,463$742
48 years$16,650$9,403$5,059$2,625$1,329$662
49 years$16,125$8,979$4,755$2,426$1,207$591
50 years$15,622$8,577$4,471$2,243$1,096$527

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $16,000,000, adding $2,414 every year, while hoping to spend $30,431 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: 58/24/18 Blend
64$16,000,000$16,000,000$16,000,000$16,000,000
65$17,634,490$16,786,490$16,538,490$18,573,891
66$19,400,830$17,576,650$17,060,151$20,001,523
67$21,346,316$18,404,507$17,598,268$21,553,606
68$23,489,190$19,271,878$18,153,360$23,244,959
69$25,849,552$20,180,664$18,725,962$25,089,009
70$28,449,551$21,132,862$19,316,626$27,100,517
71$31,313,596$22,130,563$19,925,924$29,295,718
72$34,468,582$23,175,960$20,554,442$31,692,463
73$37,944,149$24,271,353$21,202,787$34,310,388
74$41,772,956$25,419,153$21,871,584$37,171,092
75$45,990,994$26,621,888$22,561,479$40,298,336
76$50,637,923$27,882,209$23,273,136$43,718,259
77$55,757,449$29,202,895$24,007,244$47,459,624
78$61,397,732$30,586,860$24,764,510$51,554,079
79$67,611,844$32,037,159$25,545,664$56,036,450
80$74,458,269$33,556,996$26,351,461$60,945,065
81$82,001,455$35,149,732$27,182,677$66,322,107
82$90,312,421$36,818,887$28,040,115$72,214,005
83$99,469,431$38,568,155$28,924,602$78,671,865
84$109,558,728$40,401,410$29,836,991$85,751,945
85$120,675,351$42,322,712$30,778,163$93,516,176
86$132,924,031$44,336,319$31,749,025$102,032,739
87$146,420,180$46,446,696$32,750,515$111,376,699
88$161,290,979$48,658,525$33,783,599$121,630,705
89$177,676,583$50,976,716$34,849,273$132,885,758
90$195,731,436$53,406,418$35,948,566$145,242,061
91$215,625,738$55,953,027$37,082,538$158,809,955
92$237,547,044$58,622,206$38,252,283$173,710,948
93$261,702,038$61,419,890$39,458,931$190,078,848
94$288,318,486$64,352,305$40,703,645$208,061,016
95$317,647,381$67,425,977$41,987,626$227,819,747
96$349,965,316$70,647,752$43,312,114$249,533,779
97$385,577,094$74,024,808$44,678,386$273,399,978
98$424,818,607$77,564,672$46,087,760$299,635,170
99$468,060,001$81,275,238$47,541,597$328,478,181
100$515,709,180$85,164,784$49,041,299$360,192,070