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%12.1%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,296,260
2 years$670,444$657,958$645,856$634,123$622,742$611,155
3 years$442,523$429,982$417,912$406,289$395,093$383,777
4 years$328,585$316,083$304,133$292,708$281,784$270,825
5 years$260,239$247,813$236,019$224,828$214,208$203,639
6 years$214,691$202,358$190,739$179,797$169,495$159,330
7 years$182,169$169,940$158,505$147,821$137,845$128,087
8 years$157,789$145,670$134,425$124,003$114,356$105,006
9 years$138,836$126,832$115,780$105,623$96,304$87,359
10 years$123,683$111,796$100,940$91,048$82,056$73,510
11 years$111,293$99,525$88,866$79,239$70,571$62,418
12 years$100,976$89,329$78,866$69,503$61,155$53,387
13 years$92,252$80,727$70,462$61,361$53,328$45,937
14 years$84,782$73,379$63,310$54,470$46,747$39,723
15 years$78,313$67,033$57,160$48,577$41,160$34,492
16 years$72,658$61,501$51,824$43,496$36,377$30,056
17 years$67,674$56,640$47,158$39,081$32,255$26,268
18 years$63,249$52,338$43,049$35,219$28,679$23,017
19 years$59,294$48,506$39,409$31,824$25,563$20,212
20 years$55,738$45,075$36,168$28,823$22,833$17,783
21 years$52,526$41,985$33,268$26,158$20,433$15,672
22 years$49,610$39,192$30,661$23,784$18,315$13,831
23 years$46,951$36,655$28,310$21,660$16,441$12,222
24 years$44,517$34,343$26,182$19,756$14,777$10,812
25 years$42,282$32,230$24,250$18,042$13,297$9,573
26 years$40,222$30,291$22,491$16,497$11,978$8,484
27 years$38,317$28,507$20,885$15,100$10,799$7,524
28 years$36,552$26,862$19,415$13,835$9,744$6,678
29 years$34,912$25,341$18,067$12,687$8,799$5,930
30 years$33,383$23,932$16,829$11,643$7,950$5,268
31 years$31,956$22,624$15,689$10,693$7,188$4,683
32 years$30,621$21,407$14,638$9,827$6,502$4,164
33 years$29,370$20,273$13,668$9,037$5,884$3,704
34 years$28,195$19,214$12,770$8,315$5,327$3,295
35 years$27,089$18,224$11,939$7,654$4,825$2,933
36 years$26,047$17,297$11,169$7,049$4,372$2,611
37 years$25,064$16,428$10,454$6,495$3,962$2,325
38 years$24,134$15,613$9,790$5,987$3,592$2,071
39 years$23,255$14,846$9,172$5,520$3,258$1,845
40 years$22,421$14,125$8,597$5,091$2,955$1,644
41 years$21,631$13,446$8,061$4,698$2,681$1,464
42 years$20,880$12,805$7,562$4,335$2,432$1,305
43 years$20,165$12,201$7,096$4,002$2,208$1,163
44 years$19,486$11,630$6,660$3,695$2,004$1,037
45 years$18,838$11,090$6,254$3,413$1,819$924
46 years$18,220$10,580$5,874$3,152$1,652$824
47 years$17,630$10,096$5,518$2,912$1,500$735
48 years$17,067$9,638$5,186$2,691$1,362$655
49 years$16,528$9,204$4,874$2,487$1,237$584
50 years$16,012$8,792$4,582$2,299$1,124$521

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 $4,610 every year, while hoping to spend $31,187 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: 31/50/19 Blend
64$16,400,000$16,400,000$16,400,000$16,400,000
65$18,077,555$17,208,355$16,954,155$18,530,342
66$19,888,283$18,018,382$17,488,937$19,681,165
67$21,882,660$18,867,055$18,040,588$20,916,003
68$24,079,385$19,756,234$18,609,642$22,244,633
69$26,499,064$20,687,871$19,196,646$23,675,224
70$29,164,403$21,664,012$19,802,168$25,216,718
71$32,100,424$22,686,799$20,426,792$26,878,901
72$35,334,697$23,758,483$21,071,120$28,672,492
73$38,897,608$24,881,420$21,735,775$30,609,227
74$42,822,637$26,058,083$22,421,396$32,701,968
75$47,146,679$27,291,062$23,128,646$34,964,808
76$51,910,392$28,583,076$23,858,207$37,413,195
77$57,158,578$29,936,973$24,610,783$40,064,068
78$62,940,609$31,355,740$25,387,100$42,936,003
79$69,310,891$32,842,511$26,187,908$46,049,375
80$76,329,376$34,400,569$27,013,978$49,426,540
81$84,062,134$36,033,358$27,866,107$53,092,032
82$92,581,969$37,744,490$28,745,119$57,072,778
83$101,969,110$39,537,750$29,651,861$61,398,338
84$112,311,969$41,417,109$30,587,207$66,101,169
85$123,707,972$43,386,730$31,552,061$71,216,916
86$136,264,484$45,450,978$32,547,354$76,784,728
87$150,099,816$47,614,431$33,574,045$82,847,612
88$165,344,347$49,881,888$34,633,125$89,452,822
89$182,141,752$52,258,382$35,725,617$96,652,279
90$200,650,360$54,749,192$36,852,574$104,503,047
91$221,044,645$57,359,851$38,015,084$113,067,848
92$243,516,878$60,096,163$39,214,268$122,415,627
93$268,278,937$62,964,212$40,451,284$132,622,186
94$295,564,312$65,970,382$41,727,325$143,770,873
95$325,630,303$69,121,362$43,043,622$155,953,336
96$358,760,457$72,424,172$44,401,446$169,270,373
97$395,267,236$75,886,168$45,802,107$183,832,842
98$435,494,972$79,515,069$47,246,956$199,762,688
99$479,823,118$83,318,966$48,737,387$217,194,058
100$528,669,826$87,306,345$50,274,840$236,274,535