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%18.8%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,269,050
2 years$674,532$661,969$649,794$637,990$626,540$580,004
3 years$445,221$432,604$420,460$408,766$397,502$352,578
4 years$330,588$318,010$305,987$294,493$283,502$240,532
5 years$261,826$249,324$237,459$226,199$215,514$174,610
6 years$216,000$203,592$191,902$180,893$170,529$131,722
7 years$183,280$170,976$159,471$148,722$138,686$101,968
8 years$158,751$146,558$135,244$124,759$115,053$80,394
9 years$139,683$127,605$116,486$106,267$96,891$64,246
10 years$124,437$112,478$101,555$91,603$82,556$51,869
11 years$111,972$100,132$89,407$79,722$71,001$42,209
12 years$101,592$89,873$79,347$69,927$61,528$34,561
13 years$92,815$81,219$70,891$61,735$53,654$28,440
14 years$85,299$73,826$63,696$54,802$47,032$23,496
15 years$78,790$67,441$57,509$48,873$41,411$19,475
16 years$73,101$61,876$52,140$43,761$36,599$16,184
17 years$68,087$56,986$47,446$39,319$32,451$13,478
18 years$63,634$52,657$43,312$35,434$28,854$11,245
19 years$59,655$48,802$39,650$32,018$25,718$9,395
20 years$56,078$45,349$36,389$28,998$22,972$7,859
21 years$52,846$42,241$33,470$26,318$20,558$6,581
22 years$49,912$39,431$30,848$23,929$18,427$5,516
23 years$47,237$36,879$28,483$21,793$16,541$4,626
24 years$44,789$34,553$26,342$19,876$14,867$3,882
25 years$42,540$32,426$24,398$18,152$13,378$3,259
26 years$40,467$30,475$22,628$16,597$12,051$2,738
27 years$38,551$28,681$21,012$15,192$10,865$2,300
28 years$36,775$27,026$19,533$13,919$9,804$1,933
29 years$35,124$25,496$18,177$12,764$8,852$1,625
30 years$33,587$24,078$16,932$11,714$7,999$1,367
31 years$32,151$22,762$15,785$10,759$7,232$1,149
32 years$30,808$21,537$14,727$9,887$6,541$967
33 years$29,549$20,396$13,751$9,092$5,920$813
34 years$28,367$19,331$12,848$8,366$5,360$684
35 years$27,254$18,335$12,012$7,701$4,855$576
36 years$26,206$17,403$11,237$7,092$4,399$484
37 years$25,216$16,529$10,518$6,535$3,987$408
38 years$24,281$15,708$9,849$6,023$3,614$343
39 years$23,397$14,937$9,228$5,554$3,277$289
40 years$22,558$14,211$8,649$5,123$2,973$243
41 years$21,763$13,528$8,110$4,726$2,697$204
42 years$21,007$12,883$7,608$4,362$2,447$172
43 years$20,288$12,275$7,139$4,026$2,221$145
44 years$19,604$11,701$6,701$3,718$2,016$122
45 years$18,953$11,158$6,292$3,433$1,830$103
46 years$18,331$10,644$5,910$3,171$1,662$86
47 years$17,738$10,158$5,552$2,930$1,509$73
48 years$17,171$9,697$5,217$2,707$1,370$61
49 years$16,629$9,260$4,904$2,502$1,245$51
50 years$16,110$8,846$4,610$2,313$1,130$43

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 $5,601 every year, while hoping to spend $39,546 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: 56/39/5 Blend
64$16,500,000$16,500,000$16,500,000$16,500,000
65$18,188,777$17,314,277$17,058,527$19,189,152
66$20,001,956$18,120,600$17,587,911$20,669,059
67$21,998,754$18,965,108$18,133,704$22,275,126
68$24,197,857$19,849,629$18,696,414$24,023,288
69$26,619,859$20,776,081$19,276,565$25,927,064
70$29,287,451$21,746,475$19,874,696$28,001,308
71$32,225,636$22,762,918$20,491,363$30,262,341
72$35,461,969$23,827,618$21,127,142$32,728,101
73$39,026,811$24,942,893$21,782,622$35,418,302
74$42,953,620$26,111,169$22,458,414$38,354,618
75$47,279,265$27,334,992$23,155,147$41,560,874
76$52,044,373$28,617,030$23,873,468$45,063,268
77$57,293,716$29,960,081$24,614,045$48,890,608
78$63,076,627$31,367,077$25,377,568$53,074,574
79$69,447,472$32,841,093$26,164,745$57,650,012
80$76,466,159$34,385,352$26,976,310$62,655,248
81$84,198,706$36,003,233$27,813,015$68,132,446
82$92,717,863$37,698,280$28,675,640$74,127,989
83$102,103,797$39,474,208$29,564,986$80,692,913
84$112,444,851$41,334,910$30,481,879$87,883,371
85$123,838,375$43,284,471$31,427,172$95,761,156
86$136,391,650$45,327,170$32,401,743$104,394,269
87$150,222,894$47,467,498$33,406,497$113,857,548
88$165,462,383$49,710,159$34,442,368$124,233,364
89$182,253,678$52,060,088$35,510,319$135,612,378
90$200,754,980$54,522,459$36,611,342$148,094,388
91$221,140,625$57,102,696$37,746,459$161,789,252
92$243,602,727$59,806,487$38,916,724$176,817,910
93$268,352,995$62,639,795$40,123,224$193,313,508
94$295,624,729$65,608,873$41,367,080$211,422,634
95$325,675,021$68,720,278$42,649,447$231,306,689
96$358,787,184$71,980,883$43,971,515$253,143,386
97$395,273,428$75,397,896$45,334,511$277,128,405
98$435,477,802$78,978,878$46,739,701$303,477,227
99$479,779,446$82,731,751$48,188,390$332,427,135
100$528,596,169$86,664,827$49,681,921$364,239,438