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%14.8%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,281,879
2 years$670,444$657,958$645,856$634,123$622,742$596,778
3 years$442,523$429,982$417,912$406,289$395,093$369,854
4 years$328,585$316,083$304,133$292,708$281,784$257,464
5 years$260,239$247,813$236,019$224,828$214,208$190,877
6 years$214,691$202,358$190,739$179,797$169,495$147,179
7 years$182,169$169,940$158,505$147,821$137,845$116,548
8 years$157,789$145,670$134,425$124,003$114,356$94,073
9 years$138,836$126,832$115,780$105,623$96,304$77,021
10 years$123,683$111,796$100,940$91,048$82,056$63,755
11 years$111,293$99,525$88,866$79,239$70,571$53,229
12 years$100,976$89,329$78,866$69,503$61,155$44,748
13 years$92,252$80,727$70,462$61,361$53,328$37,829
14 years$84,782$73,379$63,310$54,470$46,747$32,126
15 years$78,313$67,033$57,160$48,577$41,160$27,387
16 years$72,658$61,501$51,824$43,496$36,377$23,420
17 years$67,674$56,640$47,158$39,081$32,255$20,081
18 years$63,249$52,338$43,049$35,219$28,679$17,257
19 years$59,294$48,506$39,409$31,824$25,563$14,858
20 years$55,738$45,075$36,168$28,823$22,833$12,813
21 years$52,526$41,985$33,268$26,158$20,433$11,065
22 years$49,610$39,192$30,661$23,784$18,315$9,566
23 years$46,951$36,655$28,310$21,660$16,441$8,279
24 years$44,517$34,343$26,182$19,756$14,777$7,172
25 years$42,282$32,230$24,250$18,042$13,297$6,217
26 years$40,222$30,291$22,491$16,497$11,978$5,393
27 years$38,317$28,507$20,885$15,100$10,799$4,680
28 years$36,552$26,862$19,415$13,835$9,744$4,064
29 years$34,912$25,341$18,067$12,687$8,799$3,530
30 years$33,383$23,932$16,829$11,643$7,950$3,068
31 years$31,956$22,624$15,689$10,693$7,188$2,667
32 years$30,621$21,407$14,638$9,827$6,502$2,319
33 years$29,370$20,273$13,668$9,037$5,884$2,017
34 years$28,195$19,214$12,770$8,315$5,327$1,754
35 years$27,089$18,224$11,939$7,654$4,825$1,526
36 years$26,047$17,297$11,169$7,049$4,372$1,328
37 years$25,064$16,428$10,454$6,495$3,962$1,156
38 years$24,134$15,613$9,790$5,987$3,592$1,006
39 years$23,255$14,846$9,172$5,520$3,258$876
40 years$22,421$14,125$8,597$5,091$2,955$762
41 years$21,631$13,446$8,061$4,698$2,681$664
42 years$20,880$12,805$7,562$4,335$2,432$578
43 years$20,165$12,201$7,096$4,002$2,208$503
44 years$19,486$11,630$6,660$3,695$2,004$438
45 years$18,838$11,090$6,254$3,413$1,819$382
46 years$18,220$10,580$5,874$3,152$1,652$332
47 years$17,630$10,096$5,518$2,912$1,500$289
48 years$17,067$9,638$5,186$2,691$1,362$252
49 years$16,528$9,204$4,874$2,487$1,237$220
50 years$16,012$8,792$4,582$2,299$1,124$191

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 $6,269 every year, while hoping to spend $22,189 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: 74/14/12 Blend
64$16,400,000$16,400,000$16,400,000$16,400,000
65$18,079,266$17,210,066$16,955,866$19,373,059
66$19,899,743$18,029,751$17,500,279$21,048,115
67$21,905,164$18,888,856$18,062,186$22,879,416
68$24,114,371$19,789,290$18,642,149$24,885,211
69$26,548,126$20,733,054$19,240,750$27,082,797
70$29,229,307$21,722,247$19,858,588$29,491,215
71$32,183,128$22,759,068$20,496,282$32,131,423
72$35,437,369$23,845,825$21,154,470$35,026,497
73$39,022,648$24,984,937$21,833,811$38,201,839
74$42,972,700$26,178,942$22,534,987$41,685,419
75$47,324,705$27,430,499$23,258,698$45,508,033
76$52,119,632$28,742,400$24,005,671$49,703,590
77$57,402,627$30,117,570$24,776,654$54,309,429
78$63,223,441$31,559,077$25,572,418$59,366,667
79$69,636,899$33,070,140$26,393,761$64,920,585
80$76,703,417$34,654,131$27,241,507$71,021,047
81$84,489,572$36,314,590$28,116,503$77,722,972
82$93,068,731$38,055,227$29,019,628$85,086,842
83$102,521,742$39,879,933$29,951,787$93,179,272
84$112,937,700$41,792,791$30,913,912$102,073,631
85$124,414,786$43,798,078$31,906,969$111,850,733
86$137,061,195$45,900,285$32,931,953$122,599,591
87$150,996,154$48,104,116$33,989,891$134,418,251
88$166,351,053$50,414,509$35,081,843$147,414,716
89$183,270,680$52,836,640$36,208,905$161,707,953
90$201,914,592$55,375,937$37,372,205$177,429,014
91$222,458,617$58,038,095$38,572,911$194,722,267
92$245,096,518$60,829,083$39,812,225$213,746,746
93$270,041,819$63,755,165$41,091,391$234,677,651
94$297,529,822$66,822,906$42,411,691$257,707,988
95$327,819,830$70,039,194$43,774,448$283,050,390
96$361,197,591$73,411,252$45,181,030$310,939,109
97$397,977,997$76,946,655$46,632,846$341,632,221
98$438,508,060$80,653,349$48,131,354$375,414,054
99$483,170,182$84,539,663$49,678,055$412,597,861
100$532,385,772$88,614,338$51,274,501$453,528,767