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%13.6%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,256,796
2 years$654,092$641,910$630,104$618,657$607,554$588,388
3 years$431,730$419,495$407,719$396,379$385,457$366,788
4 years$320,570$308,373$296,715$285,569$274,911$256,882
5 years$253,892$241,768$230,263$219,344$208,983$191,647
6 years$209,455$197,422$186,087$175,411$165,361$148,738
7 years$177,726$165,795$154,639$144,215$134,483$118,578
8 years$153,940$142,117$131,146$120,979$111,567$96,377
9 years$135,450$123,738$112,956$103,047$93,955$79,474
10 years$120,667$109,069$98,478$88,828$80,054$66,271
11 years$108,579$97,098$86,698$77,307$68,850$55,749
12 years$98,513$87,150$76,942$67,808$59,664$47,231
13 years$90,002$78,758$68,743$59,865$52,028$40,245
14 years$82,714$71,589$61,766$53,141$45,607$34,456
15 years$76,403$65,398$55,766$47,392$40,156$29,616
16 years$70,886$60,001$50,560$42,435$35,490$25,541
17 years$66,023$55,259$46,008$38,127$31,468$22,088
18 years$61,706$51,062$41,999$34,360$27,980$19,147
19 years$57,847$47,323$38,448$31,048$24,939$16,632
20 years$54,379$43,975$35,286$28,120$22,276$14,472
21 years$51,245$40,961$32,456$25,520$19,935$12,612
22 years$48,400$38,236$29,913$23,204$17,869$11,005
23 years$45,806$35,761$27,620$21,132$16,040$9,613
24 years$43,431$33,506$25,544$19,274$14,417$8,406
25 years$41,250$31,444$23,659$17,602$12,973$7,356
26 years$39,241$29,552$21,942$16,094$11,686$6,442
27 years$37,383$27,812$20,375$14,731$10,536$5,645
28 years$35,661$26,207$18,941$13,497$9,506$4,950
29 years$34,060$24,723$17,627$12,377$8,584$4,342
30 years$32,569$23,348$16,418$11,359$7,756$3,811
31 years$31,177$22,072$15,306$10,433$7,012$3,346
32 years$29,875$20,885$14,281$9,588$6,343$2,938
33 years$28,654$19,778$13,334$8,817$5,741$2,581
34 years$27,507$18,745$12,459$8,112$5,197$2,268
35 years$26,428$17,779$11,648$7,468$4,708$1,993
36 years$25,412$16,875$10,897$6,878$4,265$1,752
37 years$24,452$16,028$10,199$6,337$3,866$1,541
38 years$23,546$15,232$9,551$5,841$3,505$1,355
39 years$22,688$14,484$8,948$5,385$3,178$1,191
40 years$21,875$13,780$8,387$4,967$2,883$1,048
41 years$21,103$13,118$7,864$4,583$2,615$922
42 years$20,370$12,493$7,377$4,230$2,373$811
43 years$19,674$11,903$6,922$3,904$2,154$713
44 years$19,010$11,346$6,498$3,605$1,955$628
45 years$18,378$10,820$6,101$3,329$1,775$552
46 years$17,776$10,322$5,731$3,075$1,611$486
47 years$17,200$9,850$5,384$2,841$1,463$428
48 years$16,650$9,403$5,059$2,625$1,329$376
49 years$16,125$8,979$4,755$2,426$1,207$331
50 years$15,622$8,577$4,471$2,243$1,096$291

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 $3,139 every year, while hoping to spend $28,237 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: 45/39/16 Blend
64$16,000,000$16,000,000$16,000,000$16,000,000
65$17,635,238$16,787,238$16,539,238$18,347,842
66$19,403,988$17,579,769$17,063,258$19,638,191
67$21,352,205$18,410,187$17,603,887$21,033,509
68$23,498,163$19,280,320$18,161,651$22,545,971
69$25,862,002$20,192,082$18,737,093$24,186,435
70$28,465,914$21,147,482$19,330,773$25,966,823
71$31,334,354$22,148,625$19,943,271$27,900,218
72$34,494,269$23,197,719$20,575,182$30,000,985
73$37,975,356$24,297,078$21,227,121$32,284,900
74$41,810,338$25,449,131$21,899,726$34,769,289
75$46,035,275$26,656,421$22,593,649$37,473,182
76$50,689,905$27,921,617$23,309,568$40,417,490
77$55,818,016$29,247,517$24,048,179$43,625,187
78$61,467,864$30,637,055$24,810,203$47,121,522
79$67,692,623$32,093,308$25,596,382$50,934,247
80$74,550,891$33,619,501$26,407,481$55,093,865
81$82,107,241$35,219,016$27,244,291$59,633,915
82$90,432,832$36,895,400$28,107,628$64,591,269
83$99,606,079$38,652,373$28,998,331$70,006,473
84$109,713,394$40,493,834$29,917,270$75,924,119
85$120,850,001$42,423,872$30,865,340$82,393,250
86$133,120,836$44,446,777$31,843,463$89,467,810
87$146,641,536$46,567,044$32,852,594$97,207,141
88$161,539,533$48,789,389$33,893,716$105,676,529
89$177,955,253$51,118,756$34,967,843$114,947,801
90$196,043,445$53,560,331$36,076,022$125,099,993
91$215,974,640$56,119,551$37,219,332$136,220,073
92$237,936,762$58,802,118$38,398,889$148,403,751
93$262,136,901$61,614,012$39,615,841$161,756,358
94$288,803,268$64,561,501$40,871,375$176,393,825
95$318,187,349$67,651,162$42,166,713$192,443,758
96$350,566,280$70,889,890$43,503,119$210,046,618
97$386,245,462$74,284,917$44,881,895$229,357,027
98$425,561,446$77,843,824$46,304,385$250,545,205
99$468,885,106$81,574,564$47,771,975$273,798,551
100$516,625,147$85,485,478$49,286,096$299,323,392