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%14.4%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,268,323
2 years$662,268$649,934$637,980$626,390$615,148$591,569
3 years$437,126$424,739$412,815$401,334$390,275$367,339
4 years$324,577$312,228$300,424$289,139$278,348$256,231
5 years$257,066$244,791$233,141$222,086$211,595$190,361
6 years$212,073$199,890$188,413$177,604$167,428$147,101
7 years$179,948$167,867$156,572$146,018$136,164$116,748
8 years$155,865$143,893$132,785$122,491$112,961$94,453
9 years$137,143$125,285$114,368$104,335$95,130$77,517
10 years$122,175$110,433$99,709$89,938$81,055$64,324
11 years$109,936$98,312$87,782$78,273$69,710$53,840
12 years$99,744$88,239$77,904$68,656$60,409$45,379
13 years$91,127$79,742$69,602$60,613$52,678$38,464
14 years$83,748$72,484$62,538$53,805$46,177$32,754
15 years$77,358$66,215$56,463$47,985$40,658$27,999
16 years$71,772$60,751$51,192$42,965$35,934$24,011
17 years$66,849$55,950$46,583$38,604$31,861$20,647
18 years$62,477$51,700$42,524$34,790$28,330$17,795
19 years$58,570$47,915$38,929$31,436$25,251$15,367
20 years$55,059$44,525$35,727$28,471$22,555$13,292
21 years$51,886$41,473$32,862$25,839$20,184$11,513
22 years$49,005$38,714$30,287$23,494$18,092$9,985
23 years$46,378$36,208$27,965$21,396$16,240$8,668
24 years$43,974$33,925$25,863$19,515$14,597$7,532
25 years$41,766$31,837$23,954$17,822$13,135$6,550
26 years$39,731$29,921$22,216$16,295$11,832$5,700
27 years$37,850$28,159$20,630$14,916$10,667$4,963
28 years$36,106$26,534$19,178$13,666$9,625$4,323
29 years$34,486$25,032$17,847$12,532$8,691$3,768
30 years$32,976$23,640$16,624$11,501$7,853$3,285
31 years$31,567$22,348$15,498$10,563$7,100$2,865
32 years$30,248$21,146$14,460$9,708$6,423$2,500
33 years$29,012$20,025$13,501$8,927$5,812$2,181
34 years$27,851$18,979$12,615$8,214$5,262$1,904
35 years$26,759$18,002$11,794$7,561$4,766$1,662
36 years$25,729$17,086$11,033$6,964$4,319$1,451
37 years$24,758$16,228$10,327$6,416$3,914$1,267
38 years$23,840$15,422$9,670$5,914$3,549$1,107
39 years$22,971$14,665$9,060$5,453$3,218$967
40 years$22,148$13,953$8,492$5,029$2,919$844
41 years$21,367$13,282$7,963$4,640$2,648$738
42 years$20,625$12,649$7,469$4,282$2,403$645
43 years$19,919$12,052$7,009$3,953$2,181$563
44 years$19,248$11,488$6,579$3,650$1,979$492
45 years$18,608$10,955$6,178$3,371$1,797$430
46 years$17,998$10,451$5,802$3,114$1,631$376
47 years$17,415$9,973$5,451$2,877$1,481$328
48 years$16,858$9,521$5,122$2,658$1,345$287
49 years$16,326$9,092$4,815$2,457$1,222$251
50 years$15,817$8,685$4,527$2,271$1,110$219

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 $3,924 every year, while hoping to spend $21,114 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: 66/20/14 Blend
64$16,200,000$16,200,000$16,200,000$16,200,000
65$17,856,448$16,997,848$16,746,748$18,976,256
66$19,655,340$17,808,277$17,285,299$20,534,746
67$21,637,012$18,657,710$17,841,183$22,234,756
68$23,820,085$19,548,035$18,414,960$24,092,418
69$26,225,078$20,481,233$19,007,206$26,123,156
70$28,874,603$21,459,381$19,618,515$28,343,938
71$31,793,579$22,484,657$20,249,502$30,773,434
72$35,009,464$23,559,346$20,900,800$33,432,185
73$38,552,518$24,685,841$21,573,065$36,342,797
74$42,456,083$25,866,656$22,266,971$39,530,146
75$46,756,905$27,104,424$22,983,216$43,021,612
76$51,495,476$28,401,907$23,722,520$46,847,327
77$56,716,415$29,762,002$24,485,626$51,040,461
78$62,468,896$31,187,746$25,273,300$55,637,526
79$68,807,102$32,682,324$26,086,335$60,678,715
80$75,790,747$34,249,078$26,925,547$66,208,277
81$83,485,630$35,891,511$27,791,780$72,274,927
82$91,964,266$37,613,296$28,685,906$78,932,301
83$101,306,559$39,418,285$29,608,822$86,239,457
84$111,600,568$41,310,521$30,561,457$94,261,421
85$122,943,328$43,294,239$31,544,769$103,069,799
86$135,441,775$45,373,884$32,559,746$112,743,440
87$149,213,748$47,554,116$33,607,409$123,369,177
88$164,389,104$49,839,822$34,688,811$135,042,638
89$181,110,947$52,236,127$35,805,040$147,869,135
90$199,536,973$54,748,407$36,957,219$161,964,656
91$219,840,964$57,382,299$38,146,506$177,456,945
92$242,214,426$60,143,716$39,374,098$194,486,703
93$266,868,397$63,038,856$40,641,229$213,208,900
94$294,035,437$66,074,224$41,949,174$233,794,232
95$323,971,829$69,256,639$43,299,248$256,430,719
96$356,959,993$72,593,252$44,692,811$281,325,469
97$393,311,156$76,091,565$46,131,264$308,706,620
98$433,368,287$79,759,444$47,616,054$338,825,479
99$477,509,336$83,605,141$49,148,675$371,958,885
100$526,150,802$87,637,307$50,730,670$408,411,805