Can I retire at age 65 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,264,262
2 years$666,356$653,946$641,918$630,257$618,945$583,416
3 years$439,824$427,361$415,363$403,811$392,684$358,261
4 years$326,581$314,155$302,278$290,923$280,066$247,012
5 years$258,653$246,302$234,580$223,457$212,901$181,309
6 years$213,382$201,124$189,576$178,700$168,462$138,361
7 years$181,058$168,903$157,538$146,919$137,004$108,396
8 years$156,827$144,781$133,605$123,247$113,658$86,527
9 years$137,990$126,058$115,074$104,979$95,717$70,037
10 years$122,929$111,114$100,324$90,493$81,556$57,295
11 years$110,615$98,918$88,324$78,756$70,140$47,261
12 years$100,360$88,784$78,385$69,080$60,782$39,241
13 years$91,690$80,235$70,032$60,987$53,003$32,754
14 years$84,265$72,931$62,924$54,137$46,462$27,457
15 years$77,835$66,624$56,812$48,281$40,909$23,098
16 years$72,215$61,126$51,508$43,230$36,156$19,488
17 years$67,261$56,295$46,870$38,842$32,058$16,481
18 years$62,863$52,019$42,787$35,005$28,505$13,967
19 years$58,932$48,211$39,169$31,630$25,407$11,856
20 years$55,399$44,800$35,948$28,647$22,694$10,078
21 years$52,206$41,729$33,065$25,999$20,308$8,577
22 years$49,307$38,953$30,474$23,639$18,204$7,308
23 years$46,665$36,432$28,138$21,528$16,341$6,231
24 years$44,246$34,134$26,023$19,635$14,687$5,317
25 years$42,024$32,033$24,102$17,932$13,216$4,540
26 years$39,976$30,106$22,353$16,396$11,905$3,878
27 years$38,084$28,333$20,757$15,008$10,733$3,314
28 years$36,329$26,698$19,296$13,750$9,685$2,834
29 years$34,699$25,187$17,957$12,609$8,745$2,424
30 years$33,180$23,786$16,726$11,572$7,902$2,073
31 years$31,762$22,486$15,593$10,628$7,144$1,774
32 years$30,435$21,276$14,549$9,768$6,462$1,518
33 years$29,191$20,149$13,584$8,982$5,848$1,300
34 years$28,023$19,097$12,692$8,264$5,295$1,113
35 years$26,924$18,113$11,867$7,608$4,796$953
36 years$25,888$17,192$11,101$7,007$4,345$816
37 years$24,911$16,328$10,390$6,456$3,938$699
38 years$23,987$15,518$9,730$5,950$3,570$599
39 years$23,113$14,756$9,116$5,486$3,238$513
40 years$22,285$14,039$8,544$5,060$2,937$439
41 years$21,499$13,364$8,012$4,669$2,664$376
42 years$20,752$12,727$7,515$4,309$2,418$322
43 years$20,042$12,126$7,052$3,978$2,194$276
44 years$19,367$11,559$6,620$3,673$1,992$237
45 years$18,723$11,023$6,216$3,392$1,808$203
46 years$18,109$10,515$5,838$3,133$1,642$174
47 years$17,523$10,035$5,485$2,895$1,491$149
48 years$16,963$9,579$5,154$2,675$1,354$127
49 years$16,427$9,148$4,845$2,472$1,229$109
50 years$15,914$8,738$4,555$2,285$1,117$94

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $16,300,000, adding $5,016 every year, while hoping to spend $58,750 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: 22/50/28 Blend
64$16,300,000$16,300,000$16,300,000$16,300,000
65$17,967,774$17,103,874$16,851,224$18,203,205
66$19,737,977$17,879,454$17,353,230$19,188,247
67$21,686,773$18,691,069$17,870,085$20,236,083
68$23,832,314$19,540,422$18,402,223$21,355,838
69$26,194,605$20,429,298$18,950,093$22,553,428
70$28,795,689$21,359,567$19,514,155$23,835,312
71$31,659,854$22,333,191$20,094,885$25,208,543
72$34,813,865$23,352,223$20,692,769$26,680,829
73$38,287,213$24,418,816$21,308,311$28,260,594
74$42,112,397$25,535,226$21,942,027$29,957,051
75$46,325,225$26,703,816$22,594,449$31,780,275
76$50,965,159$27,927,064$23,266,124$33,741,290
77$56,075,681$29,207,566$23,957,615$35,852,163
78$61,704,707$30,548,043$24,669,501$38,126,106
79$67,905,036$31,951,346$25,402,379$40,577,587
80$74,734,853$33,420,465$26,156,861$43,222,459
81$82,258,271$34,958,531$26,933,579$46,078,089
82$90,545,942$36,568,826$27,733,181$49,163,518
83$99,675,721$38,254,792$28,556,336$52,499,618
84$109,733,402$40,020,034$29,403,731$56,109,278
85$120,813,525$41,868,332$30,276,072$60,017,607
86$133,020,271$43,803,647$31,174,087$64,252,151
87$146,468,444$45,830,131$32,098,524$68,843,137
88$161,284,554$47,952,136$33,050,153$73,823,741
89$177,608,011$50,174,223$34,029,766$79,230,385
90$195,592,443$52,501,175$35,038,178$85,103,057
91$215,407,142$54,938,002$36,076,226$91,485,672
92$237,238,664$57,489,958$37,144,774$98,426,465
93$261,292,592$60,162,550$38,244,708$105,978,421
94$287,795,471$62,961,550$39,376,940$114,199,756
95$316,996,951$65,893,008$40,542,410$123,154,440
96$349,172,143$68,963,268$41,742,083$132,912,779
97$384,624,211$72,178,977$42,976,952$143,552,046
98$423,687,240$75,547,107$44,248,040$155,157,188
99$466,729,386$79,074,962$45,556,397$167,821,597
100$514,156,351$82,770,203$46,903,104$181,647,963