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

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,281,335
2 years$678,620$665,981$653,733$641,856$630,337$588,038
3 years$447,919$435,226$423,008$411,244$399,912$359,014
4 years$332,592$319,937$307,842$296,278$285,220$246,037
5 years$263,413$250,835$238,898$227,570$216,820$179,456
6 years$217,309$204,825$193,065$181,989$171,562$136,049
7 years$184,391$172,012$160,438$149,624$139,526$105,860
8 years$159,713$147,446$136,064$125,515$115,750$83,908
9 years$140,529$128,378$117,192$106,911$97,479$67,424
10 years$125,192$113,159$102,171$92,159$83,057$54,744
11 years$112,651$100,739$89,949$80,206$71,431$44,809
12 years$102,207$90,418$79,828$70,351$61,901$36,911
13 years$93,377$81,711$71,321$62,109$53,979$30,560
14 years$85,816$74,273$64,082$55,134$47,318$25,407
15 years$79,268$67,850$57,857$49,170$41,662$21,193
16 years$73,544$62,251$52,456$44,026$36,821$17,727
17 years$68,499$57,331$47,733$39,557$32,648$14,861
18 years$64,020$52,976$43,574$35,649$29,029$12,482
19 years$60,017$49,098$39,890$32,212$25,874$10,500
20 years$56,418$45,624$36,609$29,174$23,111$8,844
21 years$53,167$42,497$33,673$26,477$20,682$7,458
22 years$50,215$39,670$31,035$24,074$18,539$6,295
23 years$47,523$37,102$28,656$21,925$16,641$5,317
24 years$45,060$34,762$26,501$19,996$14,958$4,494
25 years$42,797$32,623$24,546$18,262$13,460$3,800
26 years$40,712$30,660$22,765$16,698$12,124$3,215
27 years$38,785$28,855$21,139$15,284$10,931$2,721
28 years$36,998$27,190$19,652$14,003$9,863$2,304
29 years$35,337$25,650$18,288$12,841$8,906$1,951
30 years$33,790$24,224$17,034$11,785$8,047$1,653
31 years$32,346$22,900$15,880$10,824$7,275$1,400
32 years$30,995$21,668$14,817$9,947$6,581$1,187
33 years$29,728$20,520$13,834$9,147$5,956$1,006
34 years$28,538$19,448$12,926$8,416$5,392$852
35 years$27,419$18,446$12,085$7,748$4,884$723
36 years$26,365$17,508$11,305$7,135$4,425$613
37 years$25,369$16,629$10,582$6,574$4,011$519
38 years$24,429$15,803$9,909$6,060$3,636$440
39 years$23,538$15,027$9,284$5,587$3,297$373
40 years$22,695$14,297$8,702$5,154$2,991$317
41 years$21,894$13,610$8,159$4,755$2,713$269
42 years$21,134$12,961$7,654$4,388$2,462$228
43 years$20,411$12,350$7,182$4,051$2,234$193
44 years$19,723$11,772$6,742$3,740$2,028$164
45 years$19,067$11,225$6,330$3,454$1,841$139
46 years$18,442$10,709$5,945$3,191$1,672$118
47 years$17,845$10,219$5,586$2,948$1,518$100
48 years$17,275$9,756$5,249$2,724$1,379$85
49 years$16,729$9,316$4,934$2,517$1,252$72
50 years$16,207$8,899$4,638$2,327$1,137$61

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 $4,681 every year, while hoping to spend $34,633 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: 55/25/20 Blend
64$16,600,000$16,600,000$16,600,000$16,600,000
65$18,298,028$17,418,228$17,160,928$19,205,167
66$20,127,578$18,234,872$17,698,970$20,642,563
67$22,142,581$19,090,371$18,253,876$22,202,997
68$24,361,917$19,986,592$18,826,173$23,901,554
69$26,806,390$20,925,493$19,416,408$25,751,470
70$29,498,926$21,909,126$20,025,141$27,767,295
71$32,464,786$22,939,642$20,652,953$29,965,023
72$35,731,808$24,019,299$21,300,441$32,362,243
73$39,330,669$25,150,461$21,968,222$34,978,294
74$43,295,171$26,335,607$22,656,931$37,834,448
75$47,662,564$27,577,338$23,367,225$40,954,099
76$52,473,898$28,878,380$24,099,779$44,362,980
77$57,774,404$30,241,589$24,855,290$48,089,402
78$63,613,930$31,669,963$25,634,479$52,164,510
79$70,047,403$33,166,644$26,438,086$56,622,574
80$77,135,353$34,734,924$27,266,877$61,501,304
81$84,944,482$36,378,258$28,121,640$66,842,196
82$93,548,294$38,100,268$29,003,190$72,690,918
83$103,027,788$39,904,749$29,912,365$79,097,734
84$113,472,224$41,795,684$30,850,031$86,117,968
85$124,979,964$43,777,245$31,817,080$93,812,515
86$137,659,401$45,853,811$32,814,433$102,248,411
87$151,629,982$48,029,970$33,843,039$111,499,452
88$167,023,336$50,310,534$34,903,876$121,646,885
89$183,984,516$52,700,550$35,997,956$132,780,156
90$202,673,368$55,205,308$37,126,318$144,997,752
91$223,266,038$57,830,355$38,290,037$158,408,112
92$245,956,641$60,581,509$39,490,220$173,130,643
93$270,959,085$63,464,870$40,728,009$189,296,833
94$298,509,097$66,486,834$42,004,583$207,051,474
95$328,866,445$69,654,108$43,321,155$226,554,023
96$362,317,388$72,973,725$44,678,980$247,980,086
97$399,177,384$76,453,061$46,079,349$271,523,062
98$439,794,064$80,099,847$47,523,594$297,395,955
99$484,550,514$83,922,195$49,013,089$325,833,364
100$533,868,891$87,928,608$50,549,253$357,093,681