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%13.8%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,279,305
2 years$666,356$653,946$641,918$630,257$618,945$598,365
3 years$439,824$427,361$415,363$403,811$392,684$372,645
4 years$326,581$314,155$302,278$290,923$280,066$260,721
5 years$258,653$246,302$234,580$223,457$212,901$194,307
6 years$213,382$201,124$189,576$178,700$168,462$150,639
7 years$181,058$168,903$157,538$146,919$137,004$119,959
8 years$156,827$144,781$133,605$123,247$113,658$97,388
9 years$137,990$126,058$115,074$104,979$95,717$80,212
10 years$122,929$111,114$100,324$90,493$81,556$66,805
11 years$110,615$98,918$88,324$78,756$70,140$56,128
12 years$100,360$88,784$78,385$69,080$60,782$47,491
13 years$91,690$80,235$70,032$60,987$53,003$40,413
14 years$84,265$72,931$62,924$54,137$46,462$34,553
15 years$77,835$66,624$56,812$48,281$40,909$29,659
16 years$72,215$61,126$51,508$43,230$36,156$25,542
17 years$67,261$56,295$46,870$38,842$32,058$22,058
18 years$62,863$52,019$42,787$35,005$28,505$19,094
19 years$58,932$48,211$39,169$31,630$25,407$16,561
20 years$55,399$44,800$35,948$28,647$22,694$14,389
21 years$52,206$41,729$33,065$25,999$20,308$12,521
22 years$49,307$38,953$30,474$23,639$18,204$10,908
23 years$46,665$36,432$28,138$21,528$16,341$9,514
24 years$44,246$34,134$26,023$19,635$14,687$8,306
25 years$42,024$32,033$24,102$17,932$13,216$7,258
26 years$39,976$30,106$22,353$16,396$11,905$6,346
27 years$38,084$28,333$20,757$15,008$10,733$5,552
28 years$36,329$26,698$19,296$13,750$9,685$4,860
29 years$34,699$25,187$17,957$12,609$8,745$4,257
30 years$33,180$23,786$16,726$11,572$7,902$3,730
31 years$31,762$22,486$15,593$10,628$7,144$3,269
32 years$30,435$21,276$14,549$9,768$6,462$2,866
33 years$29,191$20,149$13,584$8,982$5,848$2,514
34 years$28,023$19,097$12,692$8,264$5,295$2,205
35 years$26,924$18,113$11,867$7,608$4,796$1,935
36 years$25,888$17,192$11,101$7,007$4,345$1,698
37 years$24,911$16,328$10,390$6,456$3,938$1,490
38 years$23,987$15,518$9,730$5,950$3,570$1,308
39 years$23,113$14,756$9,116$5,486$3,238$1,148
40 years$22,285$14,039$8,544$5,060$2,937$1,008
41 years$21,499$13,364$8,012$4,669$2,664$886
42 years$20,752$12,727$7,515$4,309$2,418$778
43 years$20,042$12,126$7,052$3,978$2,194$683
44 years$19,367$11,559$6,620$3,673$1,992$600
45 years$18,723$11,023$6,216$3,392$1,808$527
46 years$18,109$10,515$5,838$3,133$1,642$463
47 years$17,523$10,035$5,485$2,895$1,491$407
48 years$16,963$9,579$5,154$2,675$1,354$357
49 years$16,427$9,148$4,845$2,472$1,229$314
50 years$15,914$8,738$4,555$2,285$1,117$276

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 $5,717 every year, while hoping to spend $24,599 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: 36/46/18 Blend
64$16,300,000$16,300,000$16,300,000$16,300,000
65$17,968,497$17,104,597$16,851,947$18,516,697
66$19,775,111$17,916,549$17,390,314$19,727,463
67$21,765,174$18,767,463$17,945,892$21,030,968
68$23,957,374$19,659,220$18,519,231$22,437,680
69$26,372,301$20,593,797$19,110,900$23,956,826
70$29,032,646$21,573,263$19,721,486$25,598,516
71$31,963,412$22,599,789$20,351,592$27,373,829
72$35,192,154$23,675,653$21,001,844$29,294,912
73$38,749,234$24,803,240$21,672,887$31,375,082
74$42,668,113$25,985,055$22,365,385$33,628,945
75$46,985,660$27,223,723$23,080,025$36,072,522
76$51,742,507$28,521,995$23,817,516$38,723,394
77$56,983,428$29,882,759$24,578,588$41,600,850
78$62,757,764$31,309,040$25,363,997$44,726,068
79$69,119,886$32,804,013$26,174,520$48,122,293
80$76,129,710$34,371,005$27,010,963$51,815,051
81$83,853,264$36,013,507$27,874,153$55,832,374
82$92,363,307$37,735,180$28,764,948$60,205,055
83$101,740,021$39,539,860$29,684,229$64,966,917
84$112,071,762$41,431,572$30,632,911$70,155,127
85$123,455,900$43,414,538$31,611,932$75,810,524
86$135,999,734$45,493,183$32,622,264$81,977,992
87$149,821,507$47,672,148$33,664,909$88,706,867
88$165,051,518$49,956,301$34,740,901$96,051,382
89$181,833,360$52,350,747$35,851,308$104,071,166
90$200,325,267$54,860,837$36,997,231$112,831,781
91$220,701,613$57,492,187$38,179,807$122,405,324
92$243,154,556$60,250,683$39,400,210$132,871,089
93$267,895,853$63,142,499$40,659,649$144,316,287
94$295,158,857$66,174,108$41,959,374$156,836,851
95$325,200,723$69,352,302$43,300,676$170,538,316
96$358,304,833$72,684,201$44,684,884$185,536,790
97$394,783,472$76,177,272$46,113,374$201,960,020
98$434,980,775$79,839,348$47,587,561$219,948,576
99$479,275,979$83,678,641$49,108,909$239,657,143
100$528,086,999$87,703,765$50,678,928$261,255,955