Can I retire at age 65 with 16,100,000?

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 $16,100,000?

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$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,273,080
2 years$658,180$645,922$634,042$622,523$611,351$600,509
3 years$434,428$422,117$410,267$398,857$387,866$377,276
4 years$322,574$310,301$298,569$287,354$276,629$266,372
5 years$255,479$243,280$231,702$220,715$210,289$200,395
6 years$210,764$198,656$187,250$176,508$166,395$156,876
7 years$178,837$166,831$155,605$145,117$135,323$126,185
8 years$154,902$143,005$131,966$121,735$112,264$103,505
9 years$136,297$124,512$113,662$103,691$94,542$86,161
10 years$121,421$109,751$99,093$89,383$80,555$72,545
11 years$109,257$97,705$87,240$77,790$69,280$61,637
12 years$99,129$87,694$77,423$68,232$60,036$52,752
13 years$90,565$79,250$69,173$60,239$52,353$45,420
14 years$83,231$72,036$62,152$53,473$45,892$39,302
15 years$76,880$65,806$56,115$47,689$40,407$34,149
16 years$71,329$60,376$50,876$42,700$35,712$29,777
17 years$66,436$55,604$46,295$38,366$31,665$26,043
18 years$62,092$51,381$42,262$34,575$28,155$22,836
19 years$58,209$47,619$38,689$31,242$25,095$20,068
20 years$54,719$44,250$35,506$28,295$22,415$17,669
21 years$51,565$41,217$32,659$25,680$20,059$15,583
22 years$48,702$38,475$30,100$23,349$17,980$13,763
23 years$46,092$35,985$27,792$21,264$16,140$12,171
24 years$43,703$33,715$25,703$19,394$14,507$10,775
25 years$41,508$31,640$23,806$17,712$13,054$9,548
26 years$39,486$29,737$22,079$16,195$11,759$8,468
27 years$37,616$27,986$20,502$14,824$10,601$7,516
28 years$35,883$26,371$19,060$13,582$9,566$6,676
29 years$34,273$24,878$17,737$12,455$8,638$5,933
30 years$32,773$23,494$16,521$11,430$7,805$5,275
31 years$31,372$22,210$15,402$10,498$7,056$4,693
32 years$30,061$21,015$14,370$9,648$6,383$4,176
33 years$28,833$19,902$13,418$8,872$5,777$3,718
34 years$27,679$18,862$12,537$8,163$5,230$3,311
35 years$26,593$17,891$11,721$7,514$4,737$2,949
36 years$25,571$16,981$10,965$6,921$4,292$2,628
37 years$24,605$16,128$10,263$6,376$3,890$2,342
38 years$23,693$15,327$9,611$5,877$3,527$2,088
39 years$22,829$14,575$9,004$5,419$3,198$1,861
40 years$22,011$13,867$8,440$4,998$2,901$1,660
41 years$21,235$13,200$7,914$4,612$2,632$1,480
42 years$20,498$12,571$7,423$4,256$2,388$1,320
43 years$19,797$11,978$6,966$3,929$2,167$1,178
44 years$19,129$11,417$6,539$3,628$1,967$1,051
45 years$18,493$10,887$6,139$3,350$1,786$937
46 years$17,887$10,386$5,766$3,095$1,621$836
47 years$17,308$9,911$5,417$2,859$1,472$746
48 years$16,754$9,462$5,091$2,642$1,337$666
49 years$16,225$9,035$4,785$2,442$1,214$594
50 years$15,719$8,631$4,499$2,257$1,103$530

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $16,100,000, adding $4,299 every year, while hoping to spend $29,080 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: 26/47/27 Blend
64$16,100,000$16,100,000$16,100,000$16,100,000
65$17,746,634$16,893,334$16,643,784$18,057,791
66$19,525,850$17,690,167$17,170,410$19,109,460
67$21,485,571$18,525,070$17,713,704$20,234,251
68$23,644,179$19,399,877$18,274,192$21,440,502
69$26,021,927$20,316,513$18,852,419$22,735,116
70$28,641,136$21,276,995$19,448,948$24,125,639
71$31,526,401$22,283,437$20,064,357$25,620,323
72$34,704,825$23,338,056$20,699,243$27,228,192
73$38,206,274$24,443,178$21,354,225$28,959,124
74$42,063,660$25,601,239$22,029,938$30,823,926
75$46,313,250$26,814,797$22,727,038$32,834,435
76$50,995,010$28,086,531$23,446,202$35,003,610
77$56,152,981$29,419,250$24,188,129$37,345,652
78$61,835,694$30,815,902$24,953,540$39,876,118
79$68,096,629$32,279,576$25,743,178$42,612,064
80$74,994,721$33,813,511$26,557,810$45,572,185
81$82,594,914$35,421,104$27,398,228$48,776,987
82$90,968,774$37,105,917$28,265,248$52,248,958
83$100,195,168$38,871,686$29,159,712$56,012,770
84$110,361,002$40,722,325$30,082,490$60,095,499
85$121,562,048$42,661,943$31,034,477$64,526,860
86$133,903,844$44,694,845$32,016,599$69,339,472
87$147,502,690$46,825,547$33,029,810$74,569,151
88$162,486,750$49,058,785$34,075,094$80,255,228
89$178,997,256$51,399,522$35,153,466$86,440,899
90$197,189,844$53,852,967$36,265,975$93,173,618
91$217,236,024$56,424,578$37,413,702$100,505,518
92$239,324,799$59,120,083$38,597,761$108,493,888
93$263,664,445$61,945,484$39,819,303$117,201,685
94$290,484,484$64,907,078$41,079,515$126,698,105
95$320,037,844$68,011,467$42,379,622$137,059,215
96$352,603,251$71,265,576$43,720,886$148,368,642
97$388,487,858$74,676,665$45,104,611$160,718,335
98$428,030,146$78,252,348$46,532,142$174,209,406
99$471,603,119$82,000,611$48,004,866$188,953,050
100$519,617,821$85,929,825$49,524,214$205,071,569