Can I retire at age 66 with 15,100,000?

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 $15,100,000?

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$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,185,123
2 years$617,299$605,802$594,660$583,857$573,379$554,314
3 years$407,445$395,899$384,785$374,083$363,775$345,211
4 years$302,538$291,027$280,025$269,506$259,447$241,527
5 years$239,611$228,169$217,311$207,006$197,228$180,002
6 years$197,673$186,317$175,619$165,545$156,060$139,549
7 years$167,729$156,469$145,940$136,103$126,918$111,128
8 years$145,281$134,123$123,769$114,174$105,291$90,218
9 years$127,831$116,778$106,602$97,251$88,670$74,307
10 years$113,879$102,934$92,938$83,831$75,551$61,886
11 years$102,471$91,636$81,821$72,958$64,977$51,996
12 years$92,972$82,248$72,614$63,994$56,307$43,994
13 years$84,940$74,328$64,876$56,497$49,101$37,438
14 years$78,061$67,562$58,292$50,152$43,042$32,010
15 years$72,105$61,719$52,629$44,727$37,897$27,476
16 years$66,899$56,626$47,716$40,048$33,494$23,662
17 years$62,310$52,150$43,420$35,983$29,698$20,434
18 years$58,235$48,189$39,637$32,428$26,406$17,688
19 years$54,593$44,661$36,286$29,301$23,536$15,342
20 years$51,320$41,502$33,301$26,538$21,023$13,330
21 years$48,362$38,657$30,631$24,085$18,813$11,599
22 years$45,677$36,085$28,231$21,899$16,863$10,105
23 years$43,229$33,750$26,066$19,943$15,138$8,814
24 years$40,988$31,621$24,107$18,190$13,606$7,695
25 years$38,930$29,675$22,328$16,612$12,243$6,723
26 years$37,033$27,890$20,708$15,189$11,028$5,879
27 years$35,280$26,247$19,229$13,903$9,943$5,143
28 years$33,655$24,733$17,876$12,738$8,972$4,503
29 years$32,144$23,333$16,635$11,681$8,101$3,943
30 years$30,737$22,035$15,495$10,720$7,320$3,455
31 years$29,423$20,830$14,445$9,846$6,618$3,028
32 years$28,194$19,710$13,478$9,048$5,986$2,655
33 years$27,042$18,666$12,584$8,321$5,418$2,329
34 years$25,960$17,691$11,758$7,656$4,905$2,043
35 years$24,942$16,779$10,993$7,048$4,443$1,792
36 years$23,982$15,926$10,284$6,491$4,025$1,573
37 years$23,077$15,126$9,625$5,980$3,648$1,380
38 years$22,221$14,375$9,014$5,512$3,308$1,212
39 years$21,411$13,669$8,445$5,083$2,999$1,064
40 years$20,644$13,005$7,915$4,688$2,721$934
41 years$19,916$12,380$7,422$4,325$2,468$820
42 years$19,225$11,790$6,962$3,992$2,240$720
43 years$18,567$11,234$6,533$3,685$2,033$633
44 years$17,941$10,708$6,132$3,402$1,845$556
45 years$17,345$10,211$5,758$3,142$1,675$488
46 years$16,776$9,741$5,408$2,902$1,521$429
47 years$16,233$9,296$5,081$2,681$1,381$377
48 years$15,714$8,874$4,775$2,478$1,254$331
49 years$15,218$8,474$4,488$2,290$1,139$291
50 years$14,743$8,095$4,219$2,117$1,035$255

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $15,100,000, adding $2,729 every year, while hoping to spend $38,195 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: 80/5/15 Blend
65$15,100,000$15,100,000$15,100,000$15,100,000
66$16,643,015$15,842,715$15,608,665$17,922,915
67$18,299,963$16,578,369$16,090,916$19,500,897
68$20,124,640$17,348,790$16,588,042$21,227,122
69$22,134,114$18,155,640$17,100,502$23,120,555
70$24,347,192$19,000,665$17,628,767$25,197,941
71$26,784,598$19,885,691$18,173,324$27,477,724
72$29,469,171$20,812,634$18,734,674$29,980,214
73$32,426,076$21,783,502$19,313,335$32,727,783
74$35,683,043$22,800,401$19,909,839$35,745,072
75$39,270,630$23,865,537$20,524,735$39,059,221
76$43,222,510$24,981,224$21,158,590$42,700,126
77$47,575,790$26,149,888$21,811,986$46,700,717
78$52,371,359$27,374,071$22,485,526$51,097,270
79$57,654,275$28,656,438$23,179,829$55,929,744
80$63,474,191$29,999,783$23,895,533$61,242,158
81$69,885,823$31,407,037$24,633,298$67,083,006
82$76,949,465$32,881,270$25,393,802$73,505,709
83$84,731,560$34,425,702$26,177,744$80,569,122
84$93,305,326$36,043,709$26,985,845$88,338,082
85$102,751,448$37,738,829$27,818,849$96,884,021
86$113,158,837$39,514,772$28,677,522$106,285,639
87$124,625,472$41,375,430$29,562,652$116,629,638
88$137,259,323$43,324,879$30,475,054$128,011,547
89$151,179,371$45,367,396$31,415,566$140,536,614
90$166,516,732$47,507,463$32,385,053$154,320,798
91$183,415,892$49,749,781$33,384,405$169,491,864
92$202,036,071$52,099,279$34,414,540$186,190,581
93$222,552,728$54,561,121$35,476,406$204,572,054
94$245,159,218$57,140,728$36,570,976$224,807,176
95$270,068,611$59,843,777$37,699,258$247,084,248
96$297,515,713$62,676,225$38,862,286$271,610,744
97$327,759,272$65,644,316$40,061,129$298,615,273
98$361,084,428$68,754,598$41,296,887$328,349,728
99$397,805,401$72,013,935$42,570,695$361,091,661
100$438,268,461$75,429,527$43,883,721$397,146,901