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%14.5%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,259,977
2 years$658,180$645,922$634,042$622,523$611,351$587,402
3 years$434,428$422,117$410,267$398,857$387,866$364,574
4 years$322,574$310,301$298,569$287,354$276,629$254,174
5 years$255,479$243,280$231,702$220,715$210,289$188,734
6 years$210,764$198,656$187,250$176,508$166,395$145,764
7 years$178,837$166,831$155,605$145,117$135,323$115,623
8 years$154,902$143,005$131,966$121,735$112,264$93,488
9 years$136,297$124,512$113,662$103,691$94,542$76,680
10 years$121,421$109,751$99,093$89,383$80,555$63,589
11 years$109,257$97,705$87,240$77,790$69,280$53,192
12 years$99,129$87,694$77,423$68,232$60,036$44,804
13 years$90,565$79,250$69,173$60,239$52,353$37,952
14 years$83,231$72,036$62,152$53,473$45,892$32,296
15 years$76,880$65,806$56,115$47,689$40,407$27,588
16 years$71,329$60,376$50,876$42,700$35,712$23,643
17 years$66,436$55,604$46,295$38,366$31,665$20,316
18 years$62,092$51,381$42,262$34,575$28,155$17,496
19 years$58,209$47,619$38,689$31,242$25,095$15,098
20 years$54,719$44,250$35,506$28,295$22,415$13,049
21 years$51,565$41,217$32,659$25,680$20,059$11,294
22 years$48,702$38,475$30,100$23,349$17,980$9,788
23 years$46,092$35,985$27,792$21,264$16,140$8,490
24 years$43,703$33,715$25,703$19,394$14,507$7,372
25 years$41,508$31,640$23,806$17,712$13,054$6,406
26 years$39,486$29,737$22,079$16,195$11,759$5,570
27 years$37,616$27,986$20,502$14,824$10,601$4,846
28 years$35,883$26,371$19,060$13,582$9,566$4,218
29 years$34,273$24,878$17,737$12,455$8,638$3,673
30 years$32,773$23,494$16,521$11,430$7,805$3,200
31 years$31,372$22,210$15,402$10,498$7,056$2,788
32 years$30,061$21,015$14,370$9,648$6,383$2,430
33 years$28,833$19,902$13,418$8,872$5,777$2,119
34 years$27,679$18,862$12,537$8,163$5,230$1,848
35 years$26,593$17,891$11,721$7,514$4,737$1,612
36 years$25,571$16,981$10,965$6,921$4,292$1,406
37 years$24,605$16,128$10,263$6,376$3,890$1,227
38 years$23,693$15,327$9,611$5,877$3,527$1,071
39 years$22,829$14,575$9,004$5,419$3,198$934
40 years$22,011$13,867$8,440$4,998$2,901$816
41 years$21,235$13,200$7,914$4,612$2,632$712
42 years$20,498$12,571$7,423$4,256$2,388$621
43 years$19,797$11,978$6,966$3,929$2,167$542
44 years$19,129$11,417$6,539$3,628$1,967$474
45 years$18,493$10,887$6,139$3,350$1,786$413
46 years$17,887$10,386$5,766$3,095$1,621$361
47 years$17,308$9,911$5,417$2,859$1,472$315
48 years$16,754$9,462$5,091$2,642$1,337$275
49 years$16,225$9,035$4,785$2,442$1,214$240
50 years$15,719$8,631$4,499$2,257$1,103$210

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 $6,581 every year, while hoping to spend $20,257 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: 59/19/22 Blend
64$16,100,000$16,100,000$16,100,000$16,100,000
65$17,748,988$16,895,688$16,646,138$18,691,828
66$19,537,832$17,702,024$17,182,231$20,139,678
67$21,508,458$18,547,191$17,735,603$21,715,263
68$23,679,389$19,433,070$18,306,813$23,433,253
69$26,071,031$20,361,636$18,896,437$25,307,442
70$28,705,877$21,334,956$19,505,067$27,352,999
71$31,608,707$22,355,200$20,133,318$29,586,611
72$34,806,834$23,424,644$20,781,823$32,026,632
73$38,330,352$24,545,672$21,451,235$34,693,252
74$42,212,425$25,720,787$22,142,228$37,608,686
75$46,489,599$26,952,613$22,855,500$40,797,378
76$51,202,148$28,243,900$23,591,769$44,286,224
77$56,394,451$29,597,535$24,351,777$48,104,823
78$62,115,414$31,016,543$25,136,290$52,285,749
79$68,418,930$32,504,098$25,946,100$56,864,855
80$75,364,388$34,063,526$26,782,022$61,881,605
81$83,017,236$35,698,319$27,644,899$67,379,437
82$91,449,592$37,412,135$28,535,602$73,406,169
83$100,740,934$39,208,813$29,455,028$80,014,445
84$110,978,842$41,092,378$30,404,105$87,262,222
85$122,259,831$43,067,051$31,383,789$95,213,309
86$134,690,256$45,137,259$32,395,068$103,937,965
87$148,387,323$47,307,645$33,438,963$113,513,551
88$163,480,188$49,583,078$34,516,527$124,025,252
89$180,111,182$51,968,663$35,628,845$135,566,874
90$198,437,152$54,469,757$36,777,041$148,241,718
91$218,630,941$57,091,976$37,962,272$162,163,546
92$240,883,023$59,841,208$39,185,734$177,457,646
93$265,403,297$62,723,633$40,448,661$194,262,002
94$292,423,070$65,745,728$41,752,328$212,728,587
95$322,197,242$68,914,287$43,098,050$233,024,785
96$355,006,711$72,236,437$44,487,185$255,334,959
97$391,161,023$75,719,651$45,921,134$279,862,179
98$431,001,301$79,371,767$47,401,345$306,830,125
99$474,903,454$83,201,004$48,929,311$336,485,188
100$523,281,739$87,215,985$50,506,575$369,098,774