Can I retire at age 65 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,274,085
2 years$662,268$649,934$637,980$626,390$615,148$597,320
3 years$437,126$424,739$412,815$401,334$390,275$372,900
4 years$324,577$312,228$300,424$289,139$278,348$261,559
5 years$257,066$244,791$233,141$222,086$211,595$195,443
6 years$212,073$199,890$188,413$177,604$167,428$151,930
7 years$179,948$167,867$156,572$146,018$136,164$121,326
8 years$155,865$143,893$132,785$122,491$112,961$98,782
9 years$137,143$125,285$114,368$104,335$95,130$81,602
10 years$122,175$110,433$99,709$89,938$81,055$68,169
11 years$109,936$98,312$87,782$78,273$69,710$57,454
12 years$99,744$88,239$77,904$68,656$60,409$48,768
13 years$91,127$79,742$69,602$60,613$52,678$41,637
14 years$83,748$72,484$62,538$53,805$46,177$35,719
15 years$77,358$66,215$56,463$47,985$40,658$30,765
16 years$71,772$60,751$51,192$42,965$35,934$26,587
17 years$66,849$55,950$46,583$38,604$31,861$23,041
18 years$62,477$51,700$42,524$34,790$28,330$20,017
19 years$58,570$47,915$38,929$31,436$25,251$17,426
20 years$55,059$44,525$35,727$28,471$22,555$15,197
21 years$51,886$41,473$32,862$25,839$20,184$13,273
22 years$49,005$38,714$30,287$23,494$18,092$11,608
23 years$46,378$36,208$27,965$21,396$16,240$10,164
24 years$43,974$33,925$25,863$19,515$14,597$8,908
25 years$41,766$31,837$23,954$17,822$13,135$7,814
26 years$39,731$29,921$22,216$16,295$11,832$6,860
27 years$37,850$28,159$20,630$14,916$10,667$6,026
28 years$36,106$26,534$19,178$13,666$9,625$5,296
29 years$34,486$25,032$17,847$12,532$8,691$4,658
30 years$32,976$23,640$16,624$11,501$7,853$4,098
31 years$31,567$22,348$15,498$10,563$7,100$3,606
32 years$30,248$21,146$14,460$9,708$6,423$3,175
33 years$29,012$20,025$13,501$8,927$5,812$2,796
34 years$27,851$18,979$12,615$8,214$5,262$2,463
35 years$26,759$18,002$11,794$7,561$4,766$2,170
36 years$25,729$17,086$11,033$6,964$4,319$1,913
37 years$24,758$16,228$10,327$6,416$3,914$1,686
38 years$23,840$15,422$9,670$5,914$3,549$1,486
39 years$22,971$14,665$9,060$5,453$3,218$1,310
40 years$22,148$13,953$8,492$5,029$2,919$1,156
41 years$21,367$13,282$7,963$4,640$2,648$1,019
42 years$20,625$12,649$7,469$4,282$2,403$899
43 years$19,919$12,052$7,009$3,953$2,181$793
44 years$19,248$11,488$6,579$3,650$1,979$699
45 years$18,608$10,955$6,178$3,371$1,797$617
46 years$17,998$10,451$5,802$3,114$1,631$544
47 years$17,415$9,973$5,451$2,877$1,481$480
48 years$16,858$9,521$5,122$2,658$1,345$424
49 years$16,326$9,092$4,815$2,457$1,222$374
50 years$15,817$8,685$4,527$2,271$1,110$330

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $16,200,000, adding $4,065 every year, while hoping to spend $31,884 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: 86/9/5 Blend
64$16,200,000$16,200,000$16,200,000$16,200,000
65$17,856,593$16,997,993$16,746,893$19,392,833
66$19,644,041$17,796,970$17,273,990$21,193,078
67$21,612,740$18,634,029$17,817,675$23,166,076
68$23,781,145$19,511,001$18,378,472$25,332,994
69$26,169,589$20,429,808$18,956,919$27,713,313
70$28,800,482$21,392,464$19,553,571$30,328,489
71$31,698,517$22,401,079$20,169,000$33,202,153
72$34,890,903$23,457,870$20,803,799$36,360,333
73$38,407,625$24,565,155$21,458,577$39,831,697
74$42,281,725$25,725,371$22,133,961$43,647,820
75$46,549,614$26,941,067$22,830,602$47,843,485
76$51,251,415$28,214,919$23,549,167$52,457,004
77$56,431,342$29,549,733$24,290,348$57,530,582
78$62,138,119$30,948,450$25,054,854$63,110,708
79$68,425,437$32,414,154$25,843,421$69,248,597
80$75,352,462$33,950,077$26,656,806$76,000,665
81$82,984,394$35,559,612$27,495,790$83,429,065
82$91,393,081$37,246,312$28,361,178$91,602,265
83$100,657,699$39,013,905$29,253,801$100,595,699
84$110,865,497$40,866,299$30,174,517$110,492,466
85$122,112,624$42,807,594$31,124,209$121,384,121
86$134,505,031$44,842,085$32,103,789$133,371,529
87$148,159,476$46,974,280$33,114,198$146,565,820
88$163,204,625$49,208,902$34,156,407$161,089,428
89$179,782,266$51,550,907$35,231,415$177,077,248
90$198,048,645$54,005,489$36,340,255$194,677,901
91$218,175,945$56,578,096$37,483,992$214,055,139
92$240,353,909$59,274,441$38,663,723$235,389,382
93$264,791,632$62,100,513$39,880,583$258,879,416
94$291,719,534$65,062,594$41,135,738$284,744,269
95$321,391,535$68,167,270$42,430,394$313,225,271
96$354,087,454$71,421,448$43,765,794$344,588,327
97$390,115,647$74,832,372$45,143,221$379,126,425
98$429,815,921$78,407,636$46,563,997$417,162,389
99$473,562,740$82,155,205$48,029,485$459,051,932
100$521,768,760$86,083,431$49,541,094$505,186,997