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

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,284,509
2 years$670,444$657,958$645,856$634,123$622,742$599,398
3 years$442,523$429,982$417,912$406,289$395,093$372,381
4 years$328,585$316,083$304,133$292,708$281,784$259,879
5 years$260,239$247,813$236,019$224,828$214,208$193,173
6 years$214,691$202,358$190,739$179,797$169,495$149,354
7 years$182,169$169,940$158,505$147,821$137,845$118,604
8 years$157,789$145,670$134,425$124,003$114,356$96,009
9 years$138,836$126,832$115,780$105,623$96,304$78,842
10 years$123,683$111,796$100,940$91,048$82,056$65,463
11 years$111,293$99,525$88,866$79,239$70,571$54,828
12 years$100,976$89,329$78,866$69,503$61,155$46,242
13 years$92,252$80,727$70,462$61,361$53,328$39,221
14 years$84,782$73,379$63,310$54,470$46,747$33,421
15 years$78,313$67,033$57,160$48,577$41,160$28,589
16 years$72,658$61,501$51,824$43,496$36,377$24,535
17 years$67,674$56,640$47,158$39,081$32,255$21,112
18 years$63,249$52,338$43,049$35,219$28,679$18,209
19 years$59,294$48,506$39,409$31,824$25,563$15,736
20 years$55,738$45,075$36,168$28,823$22,833$13,621
21 years$52,526$41,985$33,268$26,158$20,433$11,808
22 years$49,610$39,192$30,661$23,784$18,315$10,248
23 years$46,951$36,655$28,310$21,660$16,441$8,904
24 years$44,517$34,343$26,182$19,756$14,777$7,743
25 years$42,282$32,230$24,250$18,042$13,297$6,739
26 years$40,222$30,291$22,491$16,497$11,978$5,869
27 years$38,317$28,507$20,885$15,100$10,799$5,114
28 years$36,552$26,862$19,415$13,835$9,744$4,459
29 years$34,912$25,341$18,067$12,687$8,799$3,889
30 years$33,383$23,932$16,829$11,643$7,950$3,393
31 years$31,956$22,624$15,689$10,693$7,188$2,962
32 years$30,621$21,407$14,638$9,827$6,502$2,586
33 years$29,370$20,273$13,668$9,037$5,884$2,259
34 years$28,195$19,214$12,770$8,315$5,327$1,973
35 years$27,089$18,224$11,939$7,654$4,825$1,724
36 years$26,047$17,297$11,169$7,049$4,372$1,506
37 years$25,064$16,428$10,454$6,495$3,962$1,317
38 years$24,134$15,613$9,790$5,987$3,592$1,151
39 years$23,255$14,846$9,172$5,520$3,258$1,006
40 years$22,421$14,125$8,597$5,091$2,955$880
41 years$21,631$13,446$8,061$4,698$2,681$769
42 years$20,880$12,805$7,562$4,335$2,432$673
43 years$20,165$12,201$7,096$4,002$2,208$588
44 years$19,486$11,630$6,660$3,695$2,004$514
45 years$18,838$11,090$6,254$3,413$1,819$450
46 years$18,220$10,580$5,874$3,152$1,652$393
47 years$17,630$10,096$5,518$2,912$1,500$344
48 years$17,067$9,638$5,186$2,691$1,362$301
49 years$16,528$9,204$4,874$2,487$1,237$263
50 years$16,012$8,792$4,582$2,299$1,124$230

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 $6,731 every year, while hoping to spend $35,474 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: 32/42/26 Blend
64$16,400,000$16,400,000$16,400,000$16,400,000
65$18,079,743$17,210,543$16,956,343$18,514,171
66$19,886,133$18,016,116$17,486,636$19,651,358
67$21,875,585$18,859,972$18,033,506$20,871,727
68$24,066,736$19,743,951$18,597,469$22,185,497
69$26,480,118$20,669,981$19,179,060$23,600,900
70$29,138,361$21,640,080$19,778,829$25,126,954
71$32,066,399$22,656,369$20,397,344$26,773,538
72$35,291,708$23,721,068$21,035,192$28,551,478
73$38,844,566$24,836,504$21,692,975$30,472,638
74$42,758,339$26,005,120$22,371,317$32,550,029
75$47,069,793$27,229,474$23,070,859$34,797,914
76$51,819,443$28,512,250$23,792,264$37,231,942
77$57,051,937$29,856,261$24,536,216$39,869,281
78$62,816,472$31,264,455$25,303,417$42,728,767
79$69,167,265$32,739,927$26,094,594$45,831,078
80$76,164,060$34,285,917$26,910,497$49,198,911
81$83,872,692$35,905,825$27,751,897$52,857,189
82$92,365,712$37,603,215$28,619,590$56,833,279
83$101,723,067$39,381,825$29,514,399$61,157,241
84$112,032,858$41,245,572$30,437,169$65,862,098
85$123,392,169$43,198,565$31,388,774$70,984,130
86$135,907,987$45,245,112$32,370,115$76,563,204
87$149,698,208$47,389,728$33,382,120$82,643,135
88$164,892,751$49,637,151$34,425,746$89,272,082
89$181,634,785$51,992,344$35,501,982$96,502,985
90$200,082,080$54,460,516$36,611,846$104,394,048
91$220,408,496$57,047,126$37,756,387$113,009,269
92$242,805,625$59,757,898$38,936,688$122,419,023
93$267,484,599$62,598,834$40,153,867$132,700,709
94$294,678,081$65,576,230$41,409,075$143,939,457
95$324,642,465$68,696,685$42,703,498$156,228,907
96$357,660,293$71,967,120$44,038,362$169,672,075
97$394,042,925$75,394,791$45,414,930$184,382,293
98$434,133,476$78,987,308$46,834,503$200,484,263
99$478,310,056$82,752,652$48,298,424$218,115,196
100$526,989,338$86,699,188$49,808,078$237,426,087