Can I retire at age 65 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,308,251
2 years$678,620$665,981$653,733$641,856$630,337$614,780
3 years$447,919$435,226$423,008$411,244$399,912$384,736
4 years$332,592$319,937$307,842$296,278$285,220$270,544
5 years$263,413$250,835$238,898$227,570$216,820$202,685
6 years$217,309$204,825$193,065$181,989$171,562$157,986
7 years$184,391$172,012$160,438$149,624$139,526$126,514
8 years$159,713$147,446$136,064$125,515$115,750$103,302
9 years$140,529$128,378$117,192$106,911$97,479$85,588
10 years$125,192$113,159$102,171$92,159$83,057$71,717
11 years$112,651$100,739$89,949$80,206$71,431$60,632
12 years$102,207$90,418$79,828$70,351$61,901$51,631
13 years$93,377$81,711$71,321$62,109$53,979$44,224
14 years$85,816$74,273$64,082$55,134$47,318$38,065
15 years$79,268$67,850$57,857$49,170$41,662$32,897
16 years$73,544$62,251$52,456$44,026$36,821$28,528
17 years$68,499$57,331$47,733$39,557$32,648$24,811
18 years$64,020$52,976$43,574$35,649$29,029$21,632
19 years$60,017$49,098$39,890$32,212$25,874$18,900
20 years$56,418$45,624$36,609$29,174$23,111$16,544
21 years$53,167$42,497$33,673$26,477$20,682$14,504
22 years$50,215$39,670$31,035$24,074$18,539$12,733
23 years$47,523$37,102$28,656$21,925$16,641$11,191
24 years$45,060$34,762$26,501$19,996$14,958$9,847
25 years$42,797$32,623$24,546$18,262$13,460$8,672
26 years$40,712$30,660$22,765$16,698$12,124$7,643
27 years$38,785$28,855$21,139$15,284$10,931$6,741
28 years$36,998$27,190$19,652$14,003$9,863$5,948
29 years$35,337$25,650$18,288$12,841$8,906$5,252
30 years$33,790$24,224$17,034$11,785$8,047$4,640
31 years$32,346$22,900$15,880$10,824$7,275$4,100
32 years$30,995$21,668$14,817$9,947$6,581$3,625
33 years$29,728$20,520$13,834$9,147$5,956$3,206
34 years$28,538$19,448$12,926$8,416$5,392$2,836
35 years$27,419$18,446$12,085$7,748$4,884$2,509
36 years$26,365$17,508$11,305$7,135$4,425$2,221
37 years$25,369$16,629$10,582$6,574$4,011$1,966
38 years$24,429$15,803$9,909$6,060$3,636$1,740
39 years$23,538$15,027$9,284$5,587$3,297$1,541
40 years$22,695$14,297$8,702$5,154$2,991$1,365
41 years$21,894$13,610$8,159$4,755$2,713$1,209
42 years$21,134$12,961$7,654$4,388$2,462$1,071
43 years$20,411$12,350$7,182$4,051$2,234$949
44 years$19,723$11,772$6,742$3,740$2,028$840
45 years$19,067$11,225$6,330$3,454$1,841$745
46 years$18,442$10,709$5,945$3,191$1,672$660
47 years$17,845$10,219$5,586$2,948$1,518$585
48 years$17,275$9,756$5,249$2,724$1,379$518
49 years$16,729$9,316$4,934$2,517$1,252$459
50 years$16,207$8,899$4,638$2,327$1,137$407

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $16,600,000, adding $6,119 every year, while hoping to spend $38,598 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: 55/21/24 Blend
64$16,600,000$16,600,000$16,600,000$16,600,000
65$18,299,512$17,419,712$17,162,412$19,185,217
66$20,124,994$18,232,210$17,696,285$20,606,575
67$22,135,382$19,083,226$18,246,748$22,149,175
68$24,349,495$19,974,608$18,814,319$23,828,391
69$26,788,071$20,908,292$19,399,526$25,657,350
70$29,473,962$21,886,306$20,002,918$27,650,487
71$32,432,349$22,910,778$20,625,059$29,823,671
72$35,690,981$23,983,939$21,266,531$32,194,358
73$39,280,436$25,108,126$21,927,934$34,781,744
74$43,234,407$26,285,792$22,609,887$37,606,945
75$47,590,026$27,519,505$23,313,027$40,693,191
76$52,388,208$28,811,959$24,038,013$44,066,036
77$57,674,040$30,165,980$24,785,521$47,753,600
78$63,497,208$31,584,529$25,556,252$51,786,821
79$69,912,461$33,070,709$26,350,925$56,199,747
80$76,980,135$34,627,776$27,170,283$61,029,848
81$84,766,714$36,259,143$28,015,093$66,318,363
82$93,345,464$37,968,386$28,886,144$72,110,681
83$102,797,122$39,759,258$29,784,250$78,456,767
84$113,210,658$41,635,691$30,710,252$85,411,619
85$124,684,113$43,601,808$31,665,013$93,035,783
86$137,325,528$45,661,932$32,649,427$101,395,918
87$151,253,963$47,820,598$33,664,414$110,565,410
88$166,600,617$50,082,556$34,710,921$120,625,064
89$183,510,070$52,452,792$35,789,927$131,663,850
90$202,141,647$54,936,528$36,902,440$143,779,736
91$222,670,922$57,539,245$38,049,498$157,080,601
92$245,291,373$60,266,686$39,232,174$171,685,244
93$270,216,214$63,124,874$40,451,573$187,724,496
94$297,680,400$66,120,125$41,708,832$205,342,436
95$327,942,849$69,259,060$43,005,127$224,697,745
96$361,288,889$72,548,623$44,341,668$245,965,189
97$398,032,944$75,996,094$45,719,702$269,337,257
98$438,521,510$79,609,108$47,140,518$295,025,958
99$483,136,419$83,395,670$48,605,440$323,264,816
100$532,298,450$87,364,173$50,115,838$354,311,051