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

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,319,422
2 years$682,708$669,993$657,671$645,723$634,134$621,782
3 years$450,618$437,848$425,556$413,721$402,321$390,259
4 years$334,595$321,865$309,696$298,063$286,938$275,261
5 years$265,000$252,346$240,337$228,941$218,126$206,866
6 years$218,618$206,059$194,228$183,086$172,596$161,768
7 years$185,501$173,048$161,404$150,525$140,367$129,975
8 years$160,675$148,334$136,884$126,272$116,448$106,493
9 years$141,376$129,152$117,898$107,555$98,066$88,544
10 years$125,946$113,841$102,786$92,714$83,557$74,462
11 years$113,329$101,346$90,491$80,689$71,862$63,187
12 years$102,823$90,963$80,309$70,775$62,274$54,011
13 years$93,940$82,204$71,750$62,484$54,304$46,444
14 years$86,333$74,721$64,468$55,466$47,603$40,135
15 years$79,745$68,259$58,206$49,466$41,913$34,827
16 years$73,987$62,626$52,772$44,291$37,043$30,326
17 years$68,912$57,676$48,021$39,795$32,845$26,486
18 years$64,405$53,296$43,837$35,864$29,204$23,191
19 years$60,378$49,394$40,130$32,406$26,030$20,351
20 years$56,758$45,899$36,830$29,350$23,251$17,892
21 years$53,487$42,753$33,876$26,637$20,807$15,756
22 years$50,517$39,909$31,222$24,219$18,650$13,895
23 years$47,810$37,326$28,828$22,057$16,742$12,269
24 years$45,332$34,972$26,661$20,117$15,048$10,845
25 years$43,055$32,819$24,694$18,372$13,541$9,596
26 years$40,957$30,845$22,902$16,798$12,197$8,497
27 years$39,018$29,029$21,267$15,376$10,997$7,530
28 years$37,221$27,353$19,770$14,088$9,922$6,677
29 years$35,550$25,805$18,398$12,919$8,960$5,924
30 years$33,994$24,370$17,137$11,856$8,096$5,259
31 years$32,541$23,038$15,976$10,889$7,319$4,671
32 years$31,182$21,798$14,906$10,007$6,621$4,150
33 years$29,907$20,643$13,918$9,202$5,992$3,688
34 years$28,710$19,565$13,004$8,467$5,425$3,279
35 years$27,584$18,557$12,158$7,794$4,914$2,916
36 years$26,523$17,614$11,373$7,178$4,452$2,594
37 years$25,522$16,729$10,645$6,614$4,035$2,308
38 years$24,576$15,898$9,969$6,096$3,658$2,054
39 years$23,680$15,118$9,340$5,621$3,317$1,828
40 years$22,832$14,383$8,754$5,185$3,009$1,627
41 years$22,026$13,692$8,209$4,783$2,730$1,449
42 years$21,262$13,039$7,700$4,415$2,477$1,290
43 years$20,534$12,424$7,225$4,075$2,248$1,149
44 years$19,842$11,843$6,782$3,763$2,040$1,023
45 years$19,182$11,293$6,368$3,475$1,852$911
46 years$18,553$10,773$5,981$3,210$1,682$811
47 years$17,953$10,281$5,619$2,966$1,527$723
48 years$17,379$9,814$5,281$2,740$1,387$644
49 years$16,830$9,372$4,963$2,533$1,260$574
50 years$16,305$8,953$4,666$2,341$1,144$511

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 $4,382 every year, while hoping to spend $32,704 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: 42/46/12 Blend
64$16,700,000$16,700,000$16,700,000$16,700,000
65$18,407,920$17,522,820$17,263,970$19,116,147
66$20,250,731$18,346,641$17,807,516$20,436,740
67$22,280,413$19,209,734$18,368,175$21,862,243
68$24,515,991$20,113,987$18,946,485$23,405,097
69$26,978,433$21,061,383$19,543,003$25,076,031
70$29,690,840$22,053,998$20,158,301$26,886,811
71$32,678,672$23,094,010$20,792,970$28,850,344
72$35,969,983$24,183,703$21,447,621$30,980,794
73$39,595,688$25,325,471$22,122,883$33,293,701
74$43,589,852$26,521,823$22,819,403$35,806,125
75$47,990,016$27,775,392$23,537,853$38,536,794
76$52,837,548$29,088,937$24,278,922$41,506,271
77$58,178,034$30,465,350$25,043,321$44,737,141
78$64,061,708$31,907,667$25,831,787$48,254,208
79$70,543,926$33,419,066$26,645,075$52,084,723
80$77,685,690$35,002,884$27,483,969$56,258,626
81$85,554,221$36,662,616$28,349,273$60,808,817
82$94,223,598$38,401,931$29,241,820$65,771,455
83$103,775,450$40,224,671$30,162,466$71,186,283
84$114,299,735$42,134,868$31,112,097$77,096,991
85$125,895,581$44,136,750$32,091,625$83,551,614
86$138,672,227$46,234,747$33,101,992$90,602,968
87$152,750,053$48,433,509$34,144,168$98,309,132
88$168,261,715$50,737,908$35,219,154$106,733,979
89$185,353,398$53,153,053$36,327,984$115,947,766
90$204,186,196$55,684,304$37,471,722$126,027,769
91$224,937,632$58,337,278$38,651,469$137,059,003
92$247,803,334$61,117,869$39,868,357$149,134,994
93$272,998,883$64,032,253$41,123,555$162,358,649
94$300,761,845$67,086,910$42,418,271$176,843,199
95$331,354,018$70,288,633$43,753,747$192,713,247
96$365,063,898$73,644,546$45,131,268$210,105,917
97$402,209,406$77,162,120$46,552,156$229,172,125
98$443,140,889$80,849,187$48,017,777$250,077,976
99$488,244,427$84,713,964$49,529,540$273,006,301
100$537,945,475$88,765,065$51,088,896$298,158,355