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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.6%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,285,492
2 years$674,532$661,969$649,794$637,990$626,540$596,239
3 years$445,221$432,604$420,460$408,766$397,502$368,090
4 years$330,588$318,010$305,987$294,493$283,502$255,203
5 years$261,826$249,324$237,459$226,199$215,514$188,408
6 years$216,000$203,592$191,902$180,893$170,529$144,644
7 years$183,280$170,976$159,471$148,722$138,686$114,025
8 years$158,751$146,558$135,244$124,759$115,053$91,609
9 years$139,683$127,605$116,486$106,267$96,891$74,645
10 years$124,437$112,478$101,555$91,603$82,556$61,483
11 years$111,972$100,132$89,407$79,722$71,001$51,073
12 years$101,592$89,873$79,347$69,927$61,528$42,713
13 years$92,815$81,219$70,891$61,735$53,654$35,916
14 years$85,299$73,826$63,696$54,802$47,032$30,336
15 years$78,790$67,441$57,509$48,873$41,411$25,718
16 years$73,101$61,876$52,140$43,761$36,599$21,869
17 years$68,087$56,986$47,446$39,319$32,451$18,643
18 years$63,634$52,657$43,312$35,434$28,854$15,927
19 years$59,655$48,802$39,650$32,018$25,718$13,632
20 years$56,078$45,349$36,389$28,998$22,972$11,685
21 years$52,846$42,241$33,470$26,318$20,558$10,029
22 years$49,912$39,431$30,848$23,929$18,427$8,618
23 years$47,237$36,879$28,483$21,793$16,541$7,412
24 years$44,789$34,553$26,342$19,876$14,867$6,380
25 years$42,540$32,426$24,398$18,152$13,378$5,495
26 years$40,467$30,475$22,628$16,597$12,051$4,736
27 years$38,551$28,681$21,012$15,192$10,865$4,084
28 years$36,775$27,026$19,533$13,919$9,804$3,523
29 years$35,124$25,496$18,177$12,764$8,852$3,041
30 years$33,587$24,078$16,932$11,714$7,999$2,625
31 years$32,151$22,762$15,785$10,759$7,232$2,267
32 years$30,808$21,537$14,727$9,887$6,541$1,958
33 years$29,549$20,396$13,751$9,092$5,920$1,691
34 years$28,367$19,331$12,848$8,366$5,360$1,461
35 years$27,254$18,335$12,012$7,701$4,855$1,263
36 years$26,206$17,403$11,237$7,092$4,399$1,092
37 years$25,216$16,529$10,518$6,535$3,987$944
38 years$24,281$15,708$9,849$6,023$3,614$816
39 years$23,397$14,937$9,228$5,554$3,277$705
40 years$22,558$14,211$8,649$5,123$2,973$610
41 years$21,763$13,528$8,110$4,726$2,697$527
42 years$21,007$12,883$7,608$4,362$2,447$456
43 years$20,288$12,275$7,139$4,026$2,221$394
44 years$19,604$11,701$6,701$3,718$2,016$341
45 years$18,953$11,158$6,292$3,433$1,830$295
46 years$18,331$10,644$5,910$3,171$1,662$255
47 years$17,738$10,158$5,552$2,930$1,509$221
48 years$17,171$9,697$5,217$2,707$1,370$191
49 years$16,629$9,260$4,904$2,502$1,245$165
50 years$16,110$8,846$4,610$2,313$1,130$143

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 $4,629 every year, while hoping to spend $30,988 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: 82/10/8 Blend
64$16,500,000$16,500,000$16,500,000$16,500,000
65$18,187,775$17,313,275$17,057,525$19,661,244
66$20,009,957$18,128,654$17,595,981$21,441,337
67$22,016,963$18,982,949$18,151,437$23,390,583
68$24,227,612$19,878,032$18,724,429$25,529,581
69$26,662,643$20,815,870$19,315,511$27,877,323
70$29,344,906$21,798,522$19,925,255$30,454,721
71$32,299,585$22,828,148$20,554,250$33,284,808
72$35,554,429$23,907,013$21,203,103$36,392,945
73$39,140,015$25,037,491$21,872,441$39,807,066
74$43,090,041$26,222,072$22,562,912$43,557,936
75$47,441,638$27,463,367$23,275,183$47,679,437
76$52,235,726$28,764,112$24,009,942$52,208,890
77$57,517,394$30,127,178$24,767,899$57,187,399
78$63,336,331$31,555,573$25,549,787$62,660,242
79$69,747,293$33,052,452$26,356,361$68,677,291
80$76,810,619$34,621,124$27,188,401$75,293,483
81$84,592,800$36,265,058$28,046,711$82,569,334
82$93,167,111$37,987,890$28,932,121$90,571,506
83$102,614,295$39,793,436$29,845,486$99,373,434
84$113,023,333$41,685,694$30,787,689$109,056,016
85$124,492,277$43,668,857$31,759,641$119,708,373
86$137,129,181$45,747,323$32,762,281$131,428,685
87$151,053,119$47,925,703$33,796,578$144,325,116
88$166,395,306$50,208,831$34,863,532$158,516,828
89$183,300,341$52,601,778$35,964,174$174,135,102
90$201,927,570$55,109,860$37,099,569$191,324,577
91$222,452,591$57,738,651$38,270,813$210,244,605
92$245,068,908$60,493,998$39,479,038$231,070,752
93$269,989,764$63,382,031$40,725,413$253,996,451
94$297,450,147$66,409,178$42,011,142$279,234,822
95$327,709,014$69,582,180$43,337,467$307,020,679
96$361,051,733$72,908,106$44,705,672$337,612,740
97$397,792,776$76,394,370$46,117,078$371,296,060
98$438,278,689$80,048,743$47,573,050$408,384,722
99$482,891,363$83,879,380$49,074,995$449,224,788
100$532,051,640$87,894,827$50,624,365$494,197,567