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%14.9%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,281,355
2 years$670,444$657,958$645,856$634,123$622,742$596,256
3 years$442,523$429,982$417,912$406,289$395,093$369,351
4 years$328,585$316,083$304,133$292,708$281,784$256,985
5 years$260,239$247,813$236,019$224,828$214,208$190,422
6 years$214,691$202,358$190,739$179,797$169,495$146,748
7 years$182,169$169,940$158,505$147,821$137,845$116,142
8 years$157,789$145,670$134,425$124,003$114,356$93,690
9 years$138,836$126,832$115,780$105,623$96,304$76,662
10 years$123,683$111,796$100,940$91,048$82,056$63,418
11 years$111,293$99,525$88,866$79,239$70,571$52,915
12 years$100,976$89,329$78,866$69,503$61,155$44,455
13 years$92,252$80,727$70,462$61,361$53,328$37,556
14 years$84,782$73,379$63,310$54,470$46,747$31,873
15 years$78,313$67,033$57,160$48,577$41,160$27,152
16 years$72,658$61,501$51,824$43,496$36,377$23,203
17 years$67,674$56,640$47,158$39,081$32,255$19,881
18 years$63,249$52,338$43,049$35,219$28,679$17,072
19 years$59,294$48,506$39,409$31,824$25,563$14,688
20 years$55,738$45,075$36,168$28,823$22,833$12,657
21 years$52,526$41,985$33,268$26,158$20,433$10,922
22 years$49,610$39,192$30,661$23,784$18,315$9,435
23 years$46,951$36,655$28,310$21,660$16,441$8,160
24 years$44,517$34,343$26,182$19,756$14,777$7,062
25 years$42,282$32,230$24,250$18,042$13,297$6,117
26 years$40,222$30,291$22,491$16,497$11,978$5,302
27 years$38,317$28,507$20,885$15,100$10,799$4,598
28 years$36,552$26,862$19,415$13,835$9,744$3,989
29 years$34,912$25,341$18,067$12,687$8,799$3,462
30 years$33,383$23,932$16,829$11,643$7,950$3,006
31 years$31,956$22,624$15,689$10,693$7,188$2,611
32 years$30,621$21,407$14,638$9,827$6,502$2,269
33 years$29,370$20,273$13,668$9,037$5,884$1,971
34 years$28,195$19,214$12,770$8,315$5,327$1,713
35 years$27,089$18,224$11,939$7,654$4,825$1,489
36 years$26,047$17,297$11,169$7,049$4,372$1,295
37 years$25,064$16,428$10,454$6,495$3,962$1,126
38 years$24,134$15,613$9,790$5,987$3,592$979
39 years$23,255$14,846$9,172$5,520$3,258$852
40 years$22,421$14,125$8,597$5,091$2,955$741
41 years$21,631$13,446$8,061$4,698$2,681$644
42 years$20,880$12,805$7,562$4,335$2,432$561
43 years$20,165$12,201$7,096$4,002$2,208$488
44 years$19,486$11,630$6,660$3,695$2,004$424
45 years$18,838$11,090$6,254$3,413$1,819$369
46 years$18,220$10,580$5,874$3,152$1,652$321
47 years$17,630$10,096$5,518$2,912$1,500$280
48 years$17,067$9,638$5,186$2,691$1,362$243
49 years$16,528$9,204$4,874$2,487$1,237$212
50 years$16,012$8,792$4,582$2,299$1,124$184

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 $2,102 every year, while hoping to spend $21,151 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: 59/32/9 Blend
64$16,400,000$16,400,000$16,400,000$16,400,000
65$18,074,968$17,205,768$16,951,568$19,104,194
66$19,896,110$18,026,346$17,496,941$20,616,390
67$21,902,300$18,886,424$18,059,875$22,261,903
68$24,112,390$19,787,914$18,640,937$24,055,576
69$26,547,155$20,732,823$19,240,709$26,011,646
70$29,229,488$21,723,254$19,859,796$28,145,759
71$32,184,617$22,761,415$20,498,820$30,475,116
72$35,440,340$23,849,617$21,158,423$33,018,629
73$39,027,294$24,990,287$21,839,269$35,797,091
74$42,979,236$26,185,969$22,542,043$38,833,369
75$47,333,368$27,439,331$23,267,451$42,152,612
76$52,130,684$28,753,171$24,016,223$45,782,482
77$57,416,359$30,130,422$24,789,112$49,753,405
78$63,240,177$31,574,161$25,586,896$54,098,853
79$69,656,995$33,087,615$26,410,377$58,855,654
80$76,727,268$34,674,168$27,260,384$64,064,325
81$84,517,614$36,337,367$28,137,772$69,769,451
82$93,101,447$38,080,934$29,043,424$76,020,096
83$102,559,666$39,908,772$29,978,250$82,870,255
84$112,981,423$41,824,972$30,943,192$90,379,352
85$124,464,960$43,833,828$31,939,221$98,612,794
86$137,118,540$45,939,840$32,967,339$107,642,575
87$151,061,467$48,147,728$34,028,581$117,547,947
88$166,425,213$50,462,442$35,124,014$128,416,149
89$183,354,658$52,889,176$36,254,743$140,343,227
90$202,009,460$55,433,372$37,421,903$153,434,920
91$222,565,560$58,100,742$38,626,672$167,807,647
92$245,216,843$60,897,274$39,870,261$183,589,592
93$270,176,968$63,829,248$41,153,922$200,921,896
94$297,681,389$66,903,251$42,478,949$219,959,978
95$327,989,571$70,126,191$43,846,674$240,874,981
96$361,387,446$73,505,313$45,258,476$263,855,371
97$398,190,106$77,048,214$46,715,775$289,108,698
98$438,744,783$80,762,863$48,220,041$316,863,537
99$483,434,125$84,657,617$49,772,786$347,371,624
100$532,679,807$88,741,242$51,375,576$380,910,212