Can I retire at age 65 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,260,857
2 years$670,444$657,958$645,856$634,123$622,742$575,997
3 years$442,523$429,982$417,912$406,289$395,093$349,974
4 years$328,585$316,083$304,133$292,708$281,784$238,634
5 years$260,239$247,813$236,019$224,828$214,208$173,141
6 years$214,691$202,358$190,739$179,797$169,495$130,543
7 years$182,169$169,940$158,505$147,821$137,845$100,997
8 years$157,789$145,670$134,425$124,003$114,356$79,582
9 years$138,836$126,832$115,780$105,623$96,304$63,558
10 years$123,683$111,796$100,940$91,048$82,056$51,281
11 years$111,293$99,525$88,866$79,239$70,571$41,703
12 years$100,976$89,329$78,866$69,503$61,155$34,125
13 years$92,252$80,727$70,462$61,361$53,328$28,061
14 years$84,782$73,379$63,310$54,470$46,747$23,167
15 years$78,313$67,033$57,160$48,577$41,160$19,188
16 years$72,658$61,501$51,824$43,496$36,377$15,934
17 years$67,674$56,640$47,158$39,081$32,255$13,260
18 years$63,249$52,338$43,049$35,219$28,679$11,055
19 years$59,294$48,506$39,409$31,824$25,563$9,229
20 years$55,738$45,075$36,168$28,823$22,833$7,715
21 years$52,526$41,985$33,268$26,158$20,433$6,455
22 years$49,610$39,192$30,661$23,784$18,315$5,406
23 years$46,951$36,655$28,310$21,660$16,441$4,530
24 years$44,517$34,343$26,182$19,756$14,777$3,799
25 years$42,282$32,230$24,250$18,042$13,297$3,187
26 years$40,222$30,291$22,491$16,497$11,978$2,675
27 years$38,317$28,507$20,885$15,100$10,799$2,245
28 years$36,552$26,862$19,415$13,835$9,744$1,886
29 years$34,912$25,341$18,067$12,687$8,799$1,584
30 years$33,383$23,932$16,829$11,643$7,950$1,331
31 years$31,956$22,624$15,689$10,693$7,188$1,118
32 years$30,621$21,407$14,638$9,827$6,502$940
33 years$29,370$20,273$13,668$9,037$5,884$790
34 years$28,195$19,214$12,770$8,315$5,327$664
35 years$27,089$18,224$11,939$7,654$4,825$558
36 years$26,047$17,297$11,169$7,049$4,372$469
37 years$25,064$16,428$10,454$6,495$3,962$395
38 years$24,134$15,613$9,790$5,987$3,592$332
39 years$23,255$14,846$9,172$5,520$3,258$279
40 years$22,421$14,125$8,597$5,091$2,955$235
41 years$21,631$13,446$8,061$4,698$2,681$197
42 years$20,880$12,805$7,562$4,335$2,432$166
43 years$20,165$12,201$7,096$4,002$2,208$139
44 years$19,486$11,630$6,660$3,695$2,004$117
45 years$18,838$11,090$6,254$3,413$1,819$99
46 years$18,220$10,580$5,874$3,152$1,652$83
47 years$17,630$10,096$5,518$2,912$1,500$70
48 years$17,067$9,638$5,186$2,691$1,362$59
49 years$16,528$9,204$4,874$2,487$1,237$49
50 years$16,012$8,792$4,582$2,299$1,124$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $16,400,000, adding $3,987 every year, while hoping to spend $25,724 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: 58/35/7 Blend
64$16,400,000$16,400,000$16,400,000$16,400,000
65$18,076,913$17,207,713$16,953,513$19,098,030
66$19,893,388$18,023,520$17,494,085$20,600,155
67$21,894,281$18,878,441$18,051,905$22,233,354
68$24,098,376$19,774,363$18,627,522$24,012,774
69$26,526,371$20,713,267$19,221,505$25,952,414
70$29,201,076$21,697,232$19,834,440$28,067,658
71$32,147,624$22,728,435$20,466,933$30,375,415
72$35,393,714$23,809,161$21,119,607$32,894,271
73$38,969,866$24,941,803$21,793,107$35,644,660
74$42,909,715$26,128,874$22,488,099$38,649,050
75$47,250,324$27,373,006$23,205,267$41,932,147
76$52,032,534$28,676,961$23,945,322$45,521,121
77$57,301,355$30,043,634$24,708,992$49,445,854
78$63,106,382$31,476,061$25,497,032$53,739,217
79$69,502,271$32,977,427$26,310,221$58,437,369
80$76,549,251$34,551,069$27,149,362$63,580,088
81$84,313,692$36,200,488$28,015,283$69,211,142
82$92,868,733$37,929,357$28,908,839$75,378,689
83$102,294,972$39,741,523$29,830,913$82,135,719
84$112,681,226$41,641,025$30,782,416$89,540,551
85$124,125,372$43,632,097$31,764,288$97,657,365
86$136,735,267$45,719,176$32,777,498$106,556,800
87$150,629,768$47,906,919$33,823,048$116,316,605
88$165,939,854$50,200,208$34,901,970$127,022,365
89$182,809,863$52,604,162$36,015,330$138,768,292
90$201,398,853$55,124,150$37,164,228$151,658,101
91$221,882,106$57,765,804$38,349,799$165,805,972
92$244,452,779$60,535,026$39,573,215$181,337,619
93$269,323,729$63,438,009$40,835,684$198,391,450
94$296,729,524$66,481,246$42,138,455$217,119,869
95$326,928,655$69,671,547$43,482,813$237,690,684
96$360,205,979$73,016,054$44,870,088$260,288,683
97$396,875,404$76,522,255$46,301,651$285,117,353
98$437,282,855$80,198,005$47,778,916$312,400,781
99$481,809,540$84,051,542$49,303,344$342,385,750
100$530,875,548$88,091,502$50,876,441$375,344,046