Can I retire at age 65 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,310,699
2 years$682,708$669,993$657,671$645,723$634,134$613,049
3 years$450,618$437,848$425,556$413,721$402,321$381,789
4 years$334,595$321,865$309,696$298,063$286,938$267,119
5 years$265,000$252,346$240,337$228,941$218,126$199,075
6 years$218,618$206,059$194,228$183,086$172,596$154,336
7 years$185,501$173,048$161,404$150,525$140,367$122,903
8 years$160,675$148,334$136,884$126,272$116,448$99,778
9 years$141,376$129,152$117,898$107,555$98,066$82,181
10 years$125,946$113,841$102,786$92,714$83,557$68,444
11 years$113,329$101,346$90,491$80,689$71,862$57,505
12 years$102,823$90,963$80,309$70,775$62,274$48,656
13 years$93,940$82,204$71,750$62,484$54,304$41,405
14 years$86,333$74,721$64,468$55,466$47,603$35,401
15 years$79,745$68,259$58,206$49,466$41,913$30,387
16 years$73,987$62,626$52,772$44,291$37,043$26,169
17 years$68,912$57,676$48,021$39,795$32,845$22,599
18 years$64,405$53,296$43,837$35,864$29,204$19,562
19 years$60,378$49,394$40,130$32,406$26,030$16,968
20 years$56,758$45,899$36,830$29,350$23,251$14,742
21 years$53,487$42,753$33,876$26,637$20,807$12,828
22 years$50,517$39,909$31,222$24,219$18,650$11,176
23 years$47,810$37,326$28,828$22,057$16,742$9,748
24 years$45,332$34,972$26,661$20,117$15,048$8,510
25 years$43,055$32,819$24,694$18,372$13,541$7,436
26 years$40,957$30,845$22,902$16,798$12,197$6,502
27 years$39,018$29,029$21,267$15,376$10,997$5,688
28 years$37,221$27,353$19,770$14,088$9,922$4,980
29 years$35,550$25,805$18,398$12,919$8,960$4,361
30 years$33,994$24,370$17,137$11,856$8,096$3,821
31 years$32,541$23,038$15,976$10,889$7,319$3,349
32 years$31,182$21,798$14,906$10,007$6,621$2,936
33 years$29,907$20,643$13,918$9,202$5,992$2,575
34 years$28,710$19,565$13,004$8,467$5,425$2,259
35 years$27,584$18,557$12,158$7,794$4,914$1,982
36 years$26,523$17,614$11,373$7,178$4,452$1,739
37 years$25,522$16,729$10,645$6,614$4,035$1,527
38 years$24,576$15,898$9,969$6,096$3,658$1,340
39 years$23,680$15,118$9,340$5,621$3,317$1,177
40 years$22,832$14,383$8,754$5,185$3,009$1,033
41 years$22,026$13,692$8,209$4,783$2,730$907
42 years$21,262$13,039$7,700$4,415$2,477$797
43 years$20,534$12,424$7,225$4,075$2,248$700
44 years$19,842$11,843$6,782$3,763$2,040$615
45 years$19,182$11,293$6,368$3,475$1,852$540
46 years$18,553$10,773$5,981$3,210$1,682$474
47 years$17,953$10,281$5,619$2,966$1,527$417
48 years$17,379$9,814$5,281$2,740$1,387$366
49 years$16,830$9,372$4,963$2,533$1,260$322
50 years$16,305$8,953$4,666$2,341$1,144$282

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $16,700,000, adding $5,187 every year, while hoping to spend $47,754 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: 66/11/23 Blend
64$16,700,000$16,700,000$16,700,000$16,700,000
65$18,408,750$17,523,650$17,264,800$19,514,605
66$20,235,633$18,331,499$17,792,361$21,066,471
67$22,247,257$19,177,332$18,335,995$22,756,520
68$24,462,416$20,062,960$18,896,190$24,603,136
69$26,901,818$20,990,281$19,473,448$26,621,719
70$29,588,283$21,961,284$20,068,287$28,829,220
71$32,546,955$22,978,054$20,681,242$31,244,295
72$35,805,543$24,042,777$21,312,862$33,887,479
73$39,394,579$25,157,744$21,963,713$36,781,378
74$43,347,707$26,325,355$22,634,380$39,950,879
75$47,702,004$27,548,128$23,325,462$43,423,381
76$52,498,323$28,828,701$24,037,580$47,229,049
77$57,781,685$30,169,840$24,771,371$51,401,099
78$63,601,698$31,574,443$25,527,493$55,976,103
79$70,013,030$33,045,550$26,306,623$60,994,333
80$77,075,922$34,586,345$27,109,458$66,500,140
81$84,856,759$36,200,169$27,936,718$72,542,359
82$93,428,693$37,890,522$28,789,143$79,174,779
83$102,872,335$39,661,073$29,667,494$86,456,632
84$113,276,517$41,515,669$30,572,559$94,453,160
85$124,739,129$43,458,344$31,505,147$103,236,218
86$137,368,041$45,493,324$32,466,090$112,884,948
87$151,282,127$47,625,042$33,456,250$123,486,525
88$166,612,380$49,858,145$34,476,510$135,136,970
89$183,503,152$52,197,503$35,527,782$147,942,052
90$202,113,516$54,648,224$36,611,006$162,018,281
91$222,618,768$57,215,660$37,727,148$177,494,001
92$245,212,081$59,905,426$38,877,206$194,510,595
93$270,106,327$62,723,406$40,062,206$213,223,814
94$297,536,088$65,675,769$41,283,206$233,805,236
95$327,759,871$68,768,983$42,541,295$256,443,885
96$361,062,546$72,009,831$43,837,596$281,348,001
97$397,758,035$75,405,422$45,173,265$308,747,003
98$438,192,277$78,963,211$46,549,493$338,893,642
99$482,746,495$82,691,014$47,967,506$372,066,383
100$531,840,789$86,597,025$49,428,569$408,572,020