Can I retire at age 65 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,328,588
2 years$690,884$678,017$665,547$653,456$641,728$622,581
3 years$456,014$443,092$430,653$418,676$407,139$388,481
4 years$338,602$325,719$313,405$301,632$290,375$272,350
5 years$268,174$255,368$243,215$231,683$220,738$203,400
6 years$221,236$208,527$196,554$185,278$174,663$158,030
7 years$187,723$175,121$163,337$152,328$142,048$126,127
8 years$162,599$150,111$138,523$127,784$117,842$102,631
9 years$143,069$130,698$119,310$108,843$99,240$84,732
10 years$127,454$115,204$104,017$93,824$84,558$70,741
11 years$114,686$102,560$91,575$81,655$72,722$59,584
12 years$104,054$92,052$81,270$71,622$63,020$50,544
13 years$95,065$83,188$72,610$63,232$54,954$43,125
14 years$87,366$75,616$65,240$56,130$48,173$36,971
15 years$80,700$69,076$58,903$50,058$42,415$31,821
16 years$74,873$63,376$53,404$44,822$37,487$27,481
17 years$69,737$58,367$48,596$40,272$33,238$23,799
18 years$65,177$53,934$44,362$36,293$29,554$20,661
19 years$61,101$49,985$40,611$32,794$26,342$17,973
20 years$57,438$46,449$37,271$29,701$23,529$15,662
21 years$54,127$43,265$34,282$26,956$21,056$13,669
22 years$51,122$40,386$31,596$24,509$18,874$11,946
23 years$48,382$37,773$29,173$22,321$16,942$10,451
24 years$45,874$35,391$26,980$20,358$15,228$9,153
25 years$43,571$33,212$24,989$18,592$13,703$8,023
26 years$41,448$31,214$23,176$17,000$12,343$7,037
27 years$39,485$29,376$21,521$15,560$11,128$6,177
28 years$37,666$27,681$20,007$14,256$10,041$5,425
29 years$35,976$26,114$18,618$13,073$9,067$4,766
30 years$34,401$24,662$17,342$11,998$8,193$4,190
31 years$32,931$23,314$16,167$11,019$7,407$3,685
32 years$31,555$22,059$15,084$10,127$6,700$3,241
33 years$30,265$20,891$14,084$9,313$6,064$2,852
34 years$29,054$19,800$13,160$8,568$5,490$2,510
35 years$27,915$18,780$12,303$7,888$4,972$2,210
36 years$26,841$17,825$11,510$7,264$4,505$1,946
37 years$25,828$16,929$10,773$6,693$4,083$1,714
38 years$24,870$16,089$10,088$6,169$3,702$1,510
39 years$23,964$15,299$9,452$5,688$3,357$1,330
40 years$23,105$14,556$8,859$5,247$3,045$1,172
41 years$22,290$13,856$8,307$4,841$2,762$1,032
42 years$21,516$13,196$7,792$4,467$2,507$910
43 years$20,780$12,573$7,312$4,124$2,275$802
44 years$20,080$11,984$6,863$3,808$2,065$707
45 years$19,412$11,428$6,445$3,517$1,875$623
46 years$18,775$10,902$6,053$3,248$1,702$549
47 years$18,168$10,404$5,687$3,001$1,545$484
48 years$17,587$9,932$5,344$2,773$1,404$427
49 years$17,032$9,484$5,023$2,563$1,275$376
50 years$16,500$9,060$4,722$2,369$1,158$332

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $16,900,000, adding $6,793 every year, while hoping to spend $20,964 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: 41/46/13 Blend
64$16,900,000$16,900,000$16,900,000$16,900,000
65$18,630,807$17,735,107$17,473,157$19,322,794
66$20,508,844$18,581,822$18,036,202$20,657,565
67$22,577,738$19,469,323$18,617,407$22,098,723
68$24,856,934$20,399,587$19,217,357$23,658,055
69$27,367,861$21,374,686$19,836,658$25,346,324
70$30,134,131$22,396,794$20,475,934$27,175,331
71$33,181,765$23,468,190$21,135,831$29,158,020
72$36,539,438$24,591,264$21,817,014$31,308,588
73$40,238,746$25,768,522$22,520,170$33,642,615
74$44,314,512$27,002,592$23,246,009$36,177,195
75$48,805,105$28,296,232$23,995,263$38,931,096
76$53,752,809$29,652,331$24,768,688$41,924,917
77$59,204,221$31,073,921$25,567,065$45,181,280
78$65,210,689$32,564,181$26,391,199$48,725,027
79$71,828,798$34,126,443$27,241,922$52,583,444
80$79,120,901$35,764,206$28,120,093$56,786,507
81$87,155,715$37,481,133$29,026,598$61,367,150
82$96,008,961$39,281,072$29,962,352$66,361,566
83$105,764,084$41,168,053$30,928,299$71,809,529
84$116,513,039$43,146,306$31,925,416$77,754,758
85$128,357,159$45,220,266$32,954,708$84,245,312
86$141,408,114$47,394,583$34,017,214$91,334,029
87$155,788,959$49,674,135$35,114,009$99,079,007
88$171,635,302$52,064,037$36,246,198$107,544,133
89$189,096,583$54,569,655$37,414,925$116,799,670
90$208,337,480$57,196,614$38,621,371$126,922,895
91$229,539,470$59,950,815$39,866,753$137,998,815
92$252,902,537$62,838,446$41,152,331$150,120,942
93$278,647,063$65,865,997$42,479,401$163,392,155
94$307,015,908$69,040,275$43,849,305$177,925,648
95$338,276,700$72,368,418$45,263,427$193,845,971
96$372,724,366$75,857,913$46,723,194$211,290,182
97$410,683,913$79,516,612$48,230,082$230,409,113
98$452,513,495$83,352,749$49,785,613$251,368,764
99$498,607,799$87,374,962$51,391,359$274,351,841
100$549,401,767$91,592,308$53,048,942$299,559,449