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%17.8%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,235,516
2 years$654,092$641,910$630,104$618,657$607,554$567,271
3 years$431,730$419,495$407,719$396,379$385,457$346,502
4 years$320,570$308,373$296,715$285,569$274,911$237,582
5 years$253,892$241,768$230,263$219,344$208,983$173,380
6 years$209,455$197,422$186,087$175,411$165,361$131,515
7 years$177,726$165,795$154,639$144,215$134,483$102,391
8 years$153,940$142,117$131,146$120,979$111,567$81,206
9 years$135,450$123,738$112,956$103,047$93,955$65,293
10 years$120,667$109,069$98,478$88,828$80,054$53,047
11 years$108,579$97,098$86,698$77,307$68,850$43,448
12 years$98,513$87,150$76,942$67,808$59,664$35,814
13 years$90,002$78,758$68,743$59,865$52,028$29,672
14 years$82,714$71,589$61,766$53,141$45,607$24,685
15 years$76,403$65,398$55,766$47,392$40,156$20,606
16 years$70,886$60,001$50,560$42,435$35,490$17,248
17 years$66,023$55,259$46,008$38,127$31,468$14,470
18 years$61,706$51,062$41,999$34,360$27,980$12,163
19 years$57,847$47,323$38,448$31,048$24,939$10,239
20 years$54,379$43,975$35,286$28,120$22,276$8,631
21 years$51,245$40,961$32,456$25,520$19,935$7,284
22 years$48,400$38,236$29,913$23,204$17,869$6,153
23 years$45,806$35,761$27,620$21,132$16,040$5,201
24 years$43,431$33,506$25,544$19,274$14,417$4,399
25 years$41,250$31,444$23,659$17,602$12,973$3,723
26 years$39,241$29,552$21,942$16,094$11,686$3,153
27 years$37,383$27,812$20,375$14,731$10,536$2,670
28 years$35,661$26,207$18,941$13,497$9,506$2,263
29 years$34,060$24,723$17,627$12,377$8,584$1,918
30 years$32,569$23,348$16,418$11,359$7,756$1,626
31 years$31,177$22,072$15,306$10,433$7,012$1,379
32 years$29,875$20,885$14,281$9,588$6,343$1,169
33 years$28,654$19,778$13,334$8,817$5,741$992
34 years$27,507$18,745$12,459$8,112$5,197$841
35 years$26,428$17,779$11,648$7,468$4,708$714
36 years$25,412$16,875$10,897$6,878$4,265$606
37 years$24,452$16,028$10,199$6,337$3,866$514
38 years$23,546$15,232$9,551$5,841$3,505$436
39 years$22,688$14,484$8,948$5,385$3,178$370
40 years$21,875$13,780$8,387$4,967$2,883$314
41 years$21,103$13,118$7,864$4,583$2,615$267
42 years$20,370$12,493$7,377$4,230$2,373$226
43 years$19,674$11,903$6,922$3,904$2,154$192
44 years$19,010$11,346$6,498$3,605$1,955$163
45 years$18,378$10,820$6,101$3,329$1,775$138
46 years$17,776$10,322$5,731$3,075$1,611$117
47 years$17,200$9,850$5,384$2,841$1,463$100
48 years$16,650$9,403$5,059$2,625$1,329$85
49 years$16,125$8,979$4,755$2,426$1,207$72
50 years$15,622$8,577$4,471$2,243$1,096$61

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 $3,222 every year, while hoping to spend $39,494 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: 60/24/16 Blend
64$16,000,000$16,000,000$16,000,000$16,000,000
65$17,635,323$16,787,323$16,539,323$18,621,535
66$19,392,105$17,567,881$17,051,370$20,067,855
67$21,326,755$18,385,362$17,579,245$21,640,248
68$23,457,374$19,241,535$18,123,440$23,354,658
69$25,803,907$20,138,251$18,684,456$25,224,823
70$28,388,334$21,077,454$19,262,814$27,265,851
71$31,234,874$22,061,179$19,859,048$29,494,357
72$34,370,216$23,091,561$20,473,711$31,928,615
73$37,823,768$24,170,838$21,107,370$34,588,729
74$41,627,937$25,301,354$21,760,612$37,496,814
75$45,818,436$26,485,569$22,434,042$40,677,200
76$50,434,615$27,726,061$23,128,281$44,156,661
77$55,519,840$29,025,532$23,843,973$47,964,655
78$61,121,896$30,386,816$24,581,778$52,133,600
79$67,293,441$31,812,881$25,342,379$56,699,175
80$74,092,503$33,306,843$26,126,480$61,700,649
81$81,583,025$34,871,966$26,934,804$67,181,242
82$89,835,473$36,511,672$27,768,100$73,188,532
83$98,927,497$38,229,549$28,627,137$79,774,892
84$108,944,665$40,029,360$29,512,709$86,997,977
85$119,981,270$41,915,048$30,425,634$94,921,264
86$132,141,223$43,890,749$31,366,756$103,614,638
87$145,539,030$45,960,798$32,336,945$113,155,047
88$160,300,875$48,129,741$33,337,095$123,627,215
89$176,565,808$50,402,342$34,368,133$135,124,437
90$194,487,064$52,783,600$35,431,008$147,749,445
91$214,233,501$55,278,754$36,526,704$161,615,372
92$235,991,201$57,893,295$37,656,231$176,846,804
93$259,965,222$60,632,985$38,820,633$193,580,948
94$286,381,534$63,503,861$40,020,984$211,968,915
95$315,489,156$66,512,255$41,258,392$232,177,133
96$347,562,502$69,664,808$42,534,000$254,388,905
97$382,903,972$72,968,479$43,848,985$278,806,126
98$421,846,811$76,430,567$45,204,559$305,651,176
99$464,758,248$80,058,728$46,601,974$335,169,000
100$512,042,968$83,860,984$48,042,519$367,629,410