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%16.4%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,296,858
2 years$682,708$669,993$657,671$645,723$634,134$599,287
3 years$450,618$437,848$425,556$413,721$402,321$368,541
4 years$334,595$321,865$309,696$298,063$286,938$254,486
5 years$265,000$252,346$240,337$228,941$218,126$187,090
6 years$218,618$206,059$194,228$183,086$172,596$143,006
7 years$185,501$173,048$161,404$150,525$140,367$112,226
8 years$160,675$148,334$136,884$126,272$116,448$89,742
9 years$141,376$129,152$117,898$107,555$98,066$72,772
10 years$125,946$113,841$102,786$92,714$83,557$59,643
11 years$113,329$101,346$90,491$80,689$71,862$49,292
12 years$102,823$90,963$80,309$70,775$62,274$41,008
13 years$93,940$82,204$71,750$62,484$54,304$34,299
14 years$86,333$74,721$64,468$55,466$47,603$28,812
15 years$79,745$68,259$58,206$49,466$41,913$24,289
16 years$73,987$62,626$52,772$44,291$37,043$20,536
17 years$68,912$57,676$48,021$39,795$32,845$17,406
18 years$64,405$53,296$43,837$35,864$29,204$14,783
19 years$60,378$49,394$40,130$32,406$26,030$12,577
20 years$56,758$45,899$36,830$29,350$23,251$10,716
21 years$53,487$42,753$33,876$26,637$20,807$9,141
22 years$50,517$39,909$31,222$24,219$18,650$7,806
23 years$47,810$37,326$28,828$22,057$16,742$6,672
24 years$45,332$34,972$26,661$20,117$15,048$5,706
25 years$43,055$32,819$24,694$18,372$13,541$4,884
26 years$40,957$30,845$22,902$16,798$12,197$4,182
27 years$39,018$29,029$21,267$15,376$10,997$3,583
28 years$37,221$27,353$19,770$14,088$9,922$3,071
29 years$35,550$25,805$18,398$12,919$8,960$2,633
30 years$33,994$24,370$17,137$11,856$8,096$2,258
31 years$32,541$23,038$15,976$10,889$7,319$1,937
32 years$31,182$21,798$14,906$10,007$6,621$1,662
33 years$29,907$20,643$13,918$9,202$5,992$1,426
34 years$28,710$19,565$13,004$8,467$5,425$1,224
35 years$27,584$18,557$12,158$7,794$4,914$1,051
36 years$26,523$17,614$11,373$7,178$4,452$902
37 years$25,522$16,729$10,645$6,614$4,035$775
38 years$24,576$15,898$9,969$6,096$3,658$665
39 years$23,680$15,118$9,340$5,621$3,317$571
40 years$22,832$14,383$8,754$5,185$3,009$490
41 years$22,026$13,692$8,209$4,783$2,730$421
42 years$21,262$13,039$7,700$4,415$2,477$362
43 years$20,534$12,424$7,225$4,075$2,248$311
44 years$19,842$11,843$6,782$3,763$2,040$267
45 years$19,182$11,293$6,368$3,475$1,852$229
46 years$18,553$10,773$5,981$3,210$1,682$197
47 years$17,953$10,281$5,619$2,966$1,527$169
48 years$17,379$9,814$5,281$2,740$1,387$145
49 years$16,830$9,372$4,963$2,533$1,260$125
50 years$16,305$8,953$4,666$2,341$1,144$107

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 $6,460 every year, while hoping to spend $28,799 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: 42/41/17 Blend
64$16,700,000$16,700,000$16,700,000$16,700,000
65$18,410,063$17,524,963$17,266,113$19,091,338
66$20,257,248$18,353,045$17,813,886$20,401,239
67$22,291,880$19,220,737$18,379,044$21,815,496
68$24,533,049$20,129,950$18,962,140$23,346,357
69$27,001,791$21,082,688$19,563,742$25,004,521
70$29,721,284$22,081,051$20,184,438$26,801,724
71$32,717,073$23,127,240$20,824,835$28,750,840
72$36,017,306$24,223,566$21,485,558$30,866,001
73$39,652,999$25,372,449$22,167,252$33,162,719
74$43,658,335$26,576,429$22,870,585$35,658,022
75$48,070,977$27,838,166$23,596,241$38,370,609
76$52,932,433$29,160,452$24,344,932$41,321,016
77$58,288,441$30,546,214$25,117,387$44,531,800
78$64,189,404$31,998,521$25,914,362$48,027,742
79$70,690,865$33,520,591$26,736,635$51,836,071
80$77,854,031$35,115,797$27,585,009$55,986,707
81$85,746,349$36,787,678$28,460,314$60,512,536
82$94,442,148$38,539,945$29,363,405$65,449,706
83$104,023,332$40,376,487$30,295,164$70,837,954
84$114,580,161$42,301,385$31,256,502$76,720,970
85$126,212,100$44,318,915$32,248,358$83,146,797
86$139,028,757$46,433,565$33,271,701$90,168,264
87$153,150,919$48,650,038$34,327,531$97,843,475
88$168,711,689$50,973,267$35,416,880$106,236,339
89$185,857,749$53,408,424$36,540,812$115,417,159
90$204,750,737$55,960,934$37,700,427$125,463,272
91$225,568,777$58,636,485$38,896,857$136,459,768
92$248,508,162$61,441,043$40,131,271$148,500,269
93$273,785,203$64,380,862$41,404,877$161,687,796
94$301,638,271$67,462,502$42,718,918$176,135,716
95$332,330,052$70,692,842$44,074,679$191,968,796
96$366,150,023$74,079,096$45,473,486$209,324,351
97$403,417,183$77,628,830$46,916,706$228,353,523
98$444,483,069$81,349,975$48,405,748$249,222,675
99$489,735,071$85,250,853$49,942,070$272,114,943
100$539,600,091$89,340,188$51,527,173$297,231,930