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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.3%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,266,308
2 years$666,356$653,946$641,918$630,257$618,945$585,441
3 years$439,824$427,361$415,363$403,811$392,684$360,200
4 years$326,581$314,155$302,278$290,923$280,066$248,852
5 years$258,653$246,302$234,580$223,457$212,901$183,044
6 years$213,382$201,124$189,576$178,700$168,462$139,990
7 years$181,058$168,903$157,538$146,919$137,004$109,921
8 years$156,827$144,781$133,605$123,247$113,658$87,951
9 years$137,990$126,058$115,074$104,979$95,717$71,362
10 years$122,929$111,114$100,324$90,493$81,556$58,525
11 years$110,615$98,918$88,324$78,756$70,140$48,399
12 years$100,360$88,784$78,385$69,080$60,782$40,291
13 years$91,690$80,235$70,032$60,987$53,003$33,722
14 years$84,265$72,931$62,924$54,137$46,462$28,346
15 years$77,835$66,624$56,812$48,281$40,909$23,913
16 years$72,215$61,126$51,508$43,230$36,156$20,233
17 years$67,261$56,295$46,870$38,842$32,058$17,162
18 years$62,863$52,019$42,787$35,005$28,505$14,586
19 years$58,932$48,211$39,169$31,630$25,407$12,419
20 years$55,399$44,800$35,948$28,647$22,694$10,589
21 years$52,206$41,729$33,065$25,999$20,308$9,040
22 years$49,307$38,953$30,474$23,639$18,204$7,726
23 years$46,665$36,432$28,138$21,528$16,341$6,608
24 years$44,246$34,134$26,023$19,635$14,687$5,657
25 years$42,024$32,033$24,102$17,932$13,216$4,845
26 years$39,976$30,106$22,353$16,396$11,905$4,152
27 years$38,084$28,333$20,757$15,008$10,733$3,560
28 years$36,329$26,698$19,296$13,750$9,685$3,054
29 years$34,699$25,187$17,957$12,609$8,745$2,621
30 years$33,180$23,786$16,726$11,572$7,902$2,249
31 years$31,762$22,486$15,593$10,628$7,144$1,931
32 years$30,435$21,276$14,549$9,768$6,462$1,658
33 years$29,191$20,149$13,584$8,982$5,848$1,424
34 years$28,023$19,097$12,692$8,264$5,295$1,223
35 years$26,924$18,113$11,867$7,608$4,796$1,051
36 years$25,888$17,192$11,101$7,007$4,345$903
37 years$24,911$16,328$10,390$6,456$3,938$776
38 years$23,987$15,518$9,730$5,950$3,570$667
39 years$23,113$14,756$9,116$5,486$3,238$573
40 years$22,285$14,039$8,544$5,060$2,937$493
41 years$21,499$13,364$8,012$4,669$2,664$423
42 years$20,752$12,727$7,515$4,309$2,418$364
43 years$20,042$12,126$7,052$3,978$2,194$313
44 years$19,367$11,559$6,620$3,673$1,992$269
45 years$18,723$11,023$6,216$3,392$1,808$231
46 years$18,109$10,515$5,838$3,133$1,642$199
47 years$17,523$10,035$5,485$2,895$1,491$171
48 years$16,963$9,579$5,154$2,675$1,354$147
49 years$16,427$9,148$4,845$2,472$1,229$126
50 years$15,914$8,738$4,555$2,285$1,117$109

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 $6,172 every year, while hoping to spend $36,303 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: 58/30/12 Blend
64$16,300,000$16,300,000$16,300,000$16,300,000
65$17,968,966$17,105,066$16,852,416$18,957,550
66$19,763,175$17,904,589$17,378,346$20,424,676
67$21,739,176$18,742,071$17,920,678$22,018,567
68$23,915,474$19,619,334$18,479,923$23,755,100
69$26,312,460$20,538,289$19,056,608$25,647,973
70$28,952,603$21,500,937$19,651,276$27,712,247
71$31,860,663$22,509,378$20,264,489$29,964,477
72$35,063,925$23,565,812$20,896,823$32,422,866
73$38,592,453$24,672,545$21,548,875$35,107,431
74$42,479,380$25,831,996$22,221,259$38,040,186
75$46,761,214$27,046,701$22,914,608$41,245,341
76$51,478,187$28,319,318$23,629,577$44,749,530
77$56,674,632$29,652,634$24,366,837$48,582,048
78$62,399,402$31,049,572$25,127,084$52,775,128
79$68,706,334$32,513,194$25,911,035$57,364,231
80$75,654,752$34,046,712$26,719,426$62,388,379
81$83,310,031$35,653,495$27,553,021$67,890,510
82$91,744,210$37,337,072$28,412,603$73,917,878
83$101,036,678$39,101,147$29,298,983$80,522,490
84$111,274,915$40,949,599$30,212,996$87,761,586
85$122,555,326$42,886,500$31,155,501$95,698,172
86$134,984,146$44,916,115$32,127,387$104,401,600
87$148,678,443$47,042,918$33,129,569$113,948,219
88$163,767,225$49,271,602$34,162,990$124,422,078
89$180,392,655$51,607,084$35,228,623$135,915,712
90$198,711,397$54,054,521$36,327,472$148,531,000
91$218,896,088$56,619,322$37,460,572$162,380,116
92$241,136,976$59,307,156$38,628,988$177,586,576
93$265,643,709$62,123,968$39,833,821$194,286,386
94$292,647,319$65,075,993$41,076,205$212,629,315
95$322,402,397$68,169,768$42,357,309$232,780,290
96$355,189,502$71,412,148$43,678,339$254,920,940
97$391,317,806$74,810,318$45,040,539$279,251,292
98$431,128,015$78,371,817$46,445,190$305,991,641
99$474,995,584$82,104,547$47,893,615$335,384,615
100$523,334,258$86,016,794$49,387,175$367,697,442