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%14.9%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,296,981
2 years$678,620$665,981$653,733$641,856$630,337$603,528
3 years$447,919$435,226$423,008$411,244$399,912$373,856
4 years$332,592$319,937$307,842$296,278$285,220$260,119
5 years$263,413$250,835$238,898$227,570$216,820$192,744
6 years$217,309$204,825$193,065$181,989$171,562$148,538
7 years$184,391$172,012$160,438$149,624$139,526$117,558
8 years$159,713$147,446$136,064$125,515$115,750$94,832
9 years$140,529$128,378$117,192$106,911$97,479$77,597
10 years$125,192$113,159$102,171$92,159$83,057$64,192
11 years$112,651$100,739$89,949$80,206$71,431$53,560
12 years$102,207$90,418$79,828$70,351$61,901$44,997
13 years$93,377$81,711$71,321$62,109$53,979$38,014
14 years$85,816$74,273$64,082$55,134$47,318$32,262
15 years$79,268$67,850$57,857$49,170$41,662$27,483
16 years$73,544$62,251$52,456$44,026$36,821$23,486
17 years$68,499$57,331$47,733$39,557$32,648$20,123
18 years$64,020$52,976$43,574$35,649$29,029$17,280
19 years$60,017$49,098$39,890$32,212$25,874$14,867
20 years$56,418$45,624$36,609$29,174$23,111$12,811
21 years$53,167$42,497$33,673$26,477$20,682$11,055
22 years$50,215$39,670$31,035$24,074$18,539$9,551
23 years$47,523$37,102$28,656$21,925$16,641$8,259
24 years$45,060$34,762$26,501$19,996$14,958$7,148
25 years$42,797$32,623$24,546$18,262$13,460$6,192
26 years$40,712$30,660$22,765$16,698$12,124$5,367
27 years$38,785$28,855$21,139$15,284$10,931$4,654
28 years$36,998$27,190$19,652$14,003$9,863$4,038
29 years$35,337$25,650$18,288$12,841$8,906$3,505
30 years$33,790$24,224$17,034$11,785$8,047$3,043
31 years$32,346$22,900$15,880$10,824$7,275$2,643
32 years$30,995$21,668$14,817$9,947$6,581$2,296
33 years$29,728$20,520$13,834$9,147$5,956$1,995
34 years$28,538$19,448$12,926$8,416$5,392$1,734
35 years$27,419$18,446$12,085$7,748$4,884$1,508
36 years$26,365$17,508$11,305$7,135$4,425$1,311
37 years$25,369$16,629$10,582$6,574$4,011$1,140
38 years$24,429$15,803$9,909$6,060$3,636$991
39 years$23,538$15,027$9,284$5,587$3,297$862
40 years$22,695$14,297$8,702$5,154$2,991$750
41 years$21,894$13,610$8,159$4,755$2,713$652
42 years$21,134$12,961$7,654$4,388$2,462$567
43 years$20,411$12,350$7,182$4,051$2,234$494
44 years$19,723$11,772$6,742$3,740$2,028$430
45 years$19,067$11,225$6,330$3,454$1,841$374
46 years$18,442$10,709$5,945$3,191$1,672$325
47 years$17,845$10,219$5,586$2,948$1,518$283
48 years$17,275$9,756$5,249$2,724$1,379$246
49 years$16,729$9,316$4,934$2,517$1,252$214
50 years$16,207$8,899$4,638$2,327$1,137$186

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 $6,369 every year, while hoping to spend $34,157 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: 66/28/6 Blend
64$16,600,000$16,600,000$16,600,000$16,600,000
65$18,299,770$17,419,970$17,162,670$19,490,093
66$20,130,003$18,237,205$17,701,276$21,098,260
67$22,145,776$19,093,341$18,256,781$22,850,378
68$24,365,977$19,990,246$18,829,715$24,764,239
69$26,811,420$20,929,882$19,420,624$26,855,592
70$29,505,042$21,914,303$20,030,072$29,141,758
71$32,472,117$22,945,665$20,658,641$31,641,788
72$35,740,497$24,026,227$21,306,929$34,376,640
73$39,340,873$25,158,357$21,975,557$37,369,371
74$43,307,066$26,344,540$22,665,161$40,645,348
75$47,676,342$27,587,378$23,376,400$44,232,482
76$52,489,771$28,889,602$24,109,951$48,161,488
77$57,792,609$30,254,073$24,866,516$52,466,165
78$63,634,726$31,683,794$25,646,815$57,183,711
79$70,071,079$33,181,910$26,451,594$62,355,068
80$77,162,225$34,751,721$27,281,619$68,025,298
81$84,974,902$36,396,684$28,137,683$74,244,004
82$93,582,649$38,120,429$29,020,602$81,065,789
83$103,066,505$39,926,756$29,931,218$88,550,766
84$113,515,775$41,819,654$30,870,401$96,765,111
85$125,028,871$43,803,303$31,839,045$105,781,684
86$137,714,238$45,882,087$32,838,076$115,680,707
87$151,691,384$48,060,603$33,868,445$126,550,509
88$167,092,003$50,343,671$34,931,136$138,488,350
89$184,061,220$52,736,343$36,027,162$151,601,329
90$202,758,961$55,243,921$37,157,569$166,007,387
91$223,361,462$57,871,960$38,323,434$181,836,401
92$246,062,933$60,626,287$39,525,870$199,231,405
93$271,077,389$63,513,012$40,766,024$218,349,923
94$298,640,675$66,538,542$42,045,078$239,365,444
95$329,012,688$69,709,595$43,364,252$262,469,047
96$362,479,832$73,033,215$44,724,805$287,871,186
97$399,357,722$76,516,790$46,128,033$315,803,664
98$439,994,163$80,168,066$47,575,275$346,521,805
99$484,772,432$83,995,166$49,067,912$380,306,846
100$534,114,899$88,006,608$50,607,366$417,468,576