Can I retire at age 65 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,267,538
2 years$674,532$661,969$649,794$637,990$626,540$578,520
3 years$445,221$432,604$420,460$408,766$397,502$351,169
4 years$330,588$318,010$305,987$294,493$283,502$239,208
5 years$261,826$249,324$237,459$226,199$215,514$173,375
6 years$216,000$203,592$191,902$180,893$170,529$130,575
7 years$183,280$170,976$159,471$148,722$138,686$100,907
8 years$158,751$146,558$135,244$124,759$115,053$79,416
9 years$139,683$127,605$116,486$106,267$96,891$63,348
10 years$124,437$112,478$101,555$91,603$82,556$51,047
11 years$111,972$100,132$89,407$79,722$71,001$41,458
12 years$101,592$89,873$79,347$69,927$61,528$33,879
13 years$92,815$81,219$70,891$61,735$53,654$27,822
14 years$85,299$73,826$63,696$54,802$47,032$22,937
15 years$78,790$67,441$57,509$48,873$41,411$18,971
16 years$73,101$61,876$52,140$43,761$36,599$15,731
17 years$68,087$56,986$47,446$39,319$32,451$13,072
18 years$63,634$52,657$43,312$35,434$28,854$10,881
19 years$59,655$48,802$39,650$32,018$25,718$9,071
20 years$56,078$45,349$36,389$28,998$22,972$7,571
21 years$52,846$42,241$33,470$26,318$20,558$6,325
22 years$49,912$39,431$30,848$23,929$18,427$5,288
23 years$47,237$36,879$28,483$21,793$16,541$4,425
24 years$44,789$34,553$26,342$19,876$14,867$3,704
25 years$42,540$32,426$24,398$18,152$13,378$3,103
26 years$40,467$30,475$22,628$16,597$12,051$2,600
27 years$38,551$28,681$21,012$15,192$10,865$2,179
28 years$36,775$27,026$19,533$13,919$9,804$1,827
29 years$35,124$25,496$18,177$12,764$8,852$1,532
30 years$33,587$24,078$16,932$11,714$7,999$1,285
31 years$32,151$22,762$15,785$10,759$7,232$1,078
32 years$30,808$21,537$14,727$9,887$6,541$905
33 years$29,549$20,396$13,751$9,092$5,920$759
34 years$28,367$19,331$12,848$8,366$5,360$637
35 years$27,254$18,335$12,012$7,701$4,855$535
36 years$26,206$17,403$11,237$7,092$4,399$449
37 years$25,216$16,529$10,518$6,535$3,987$377
38 years$24,281$15,708$9,849$6,023$3,614$316
39 years$23,397$14,937$9,228$5,554$3,277$265
40 years$22,558$14,211$8,649$5,123$2,973$223
41 years$21,763$13,528$8,110$4,726$2,697$187
42 years$21,007$12,883$7,608$4,362$2,447$157
43 years$20,288$12,275$7,139$4,026$2,221$132
44 years$19,604$11,701$6,701$3,718$2,016$111
45 years$18,953$11,158$6,292$3,433$1,830$93
46 years$18,331$10,644$5,910$3,171$1,662$78
47 years$17,738$10,158$5,552$2,930$1,509$66
48 years$17,171$9,697$5,217$2,707$1,370$55
49 years$16,629$9,260$4,904$2,502$1,245$46
50 years$16,110$8,846$4,610$2,313$1,130$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $16,500,000, adding $6,663 every year, while hoping to spend $23,875 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: 52/21/27 Blend
64$16,500,000$16,500,000$16,500,000$16,500,000
65$18,189,873$17,315,373$17,059,623$18,997,833
66$20,019,837$18,138,423$17,605,717$20,382,507
67$22,035,657$19,001,003$18,169,306$21,884,995
68$24,256,266$19,905,024$18,750,949$23,519,003
69$26,702,526$20,852,490$19,351,226$25,297,091
70$29,397,425$21,845,504$19,970,734$27,233,062
71$32,366,299$22,886,270$20,610,090$29,342,090
72$35,637,063$23,977,099$21,269,930$31,640,860
73$39,240,481$25,120,415$21,950,910$34,147,717
74$43,210,454$26,318,759$22,653,710$36,882,838
75$47,584,338$27,574,796$23,379,027$39,868,412
76$52,403,301$28,891,321$24,127,585$43,128,846
77$57,712,707$30,271,265$24,900,128$46,690,989
78$63,562,546$31,717,701$25,697,426$50,584,380
79$70,007,909$33,233,851$26,520,272$54,841,518
80$77,109,501$34,823,095$27,369,486$59,498,164
81$84,934,220$36,488,976$28,245,914$64,593,670
82$93,555,786$38,235,211$29,150,428$70,171,343
83$103,055,437$40,065,698$30,083,928$76,278,845
84$113,522,697$41,984,523$31,047,346$82,968,637
85$125,056,220$43,995,972$32,041,639$90,298,462
86$137,764,719$46,104,539$33,067,799$98,331,886
87$151,767,997$48,314,938$34,126,847$107,138,883
88$167,198,074$50,632,112$35,219,838$116,796,490
89$184,200,437$53,061,245$36,347,861$127,389,521
90$202,935,407$55,607,772$37,512,041$139,011,359
91$223,579,660$58,277,394$38,713,536$151,764,826
92$246,327,890$61,076,090$39,953,543$165,763,140
93$271,394,646$64,010,130$41,233,298$181,130,973
94$299,016,363$67,086,090$42,554,077$198,005,615
95$329,453,589$70,310,865$43,917,195$216,538,258
96$362,993,444$73,691,686$45,324,010$236,895,405
97$399,952,335$77,236,139$46,775,925$259,260,432
98$440,678,941$80,952,177$48,274,385$283,835,301
99$485,557,501$84,848,142$49,820,886$310,842,453
100$535,011,448$88,932,783$51,416,967$340,526,888