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%11.5%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,196,507
2 years$617,299$605,802$594,660$583,857$573,379$565,724
3 years$407,445$395,899$384,785$374,083$363,775$356,291
4 years$302,538$291,027$280,025$269,506$259,447$252,192
5 years$239,611$228,169$217,311$207,006$197,228$190,223
6 years$197,673$186,317$175,619$165,545$156,060$149,314
7 years$167,729$156,469$145,940$136,103$126,918$120,434
8 years$145,281$134,123$123,769$114,174$105,291$99,070
9 years$127,831$116,778$106,602$97,251$88,670$82,710
10 years$113,879$102,934$92,938$83,831$75,551$69,849
11 years$102,471$91,636$81,821$72,958$64,977$59,528
12 years$92,972$82,248$72,614$63,994$56,307$51,108
13 years$84,940$74,328$64,876$56,497$49,101$44,145
14 years$78,061$67,562$58,292$50,152$43,042$38,324
15 years$72,105$61,719$52,629$44,727$37,897$33,412
16 years$66,899$56,626$47,716$40,048$33,494$29,234
17 years$62,310$52,150$43,420$35,983$29,698$25,656
18 years$58,235$48,189$39,637$32,428$26,406$22,576
19 years$54,593$44,661$36,286$29,301$23,536$19,911
20 years$51,320$41,502$33,301$26,538$21,023$17,594
21 years$48,362$38,657$30,631$24,085$18,813$15,574
22 years$45,677$36,085$28,231$21,899$16,863$13,807
23 years$43,229$33,750$26,066$19,943$15,138$12,256
24 years$40,988$31,621$24,107$18,190$13,606$10,892
25 years$38,930$29,675$22,328$16,612$12,243$9,689
26 years$37,033$27,890$20,708$15,189$11,028$8,627
27 years$35,280$26,247$19,229$13,903$9,943$7,688
28 years$33,655$24,733$17,876$12,738$8,972$6,855
29 years$32,144$23,333$16,635$11,681$8,101$6,117
30 years$30,737$22,035$15,495$10,720$7,320$5,461
31 years$29,423$20,830$14,445$9,846$6,618$4,878
32 years$28,194$19,710$13,478$9,048$5,986$4,359
33 years$27,042$18,666$12,584$8,321$5,418$3,896
34 years$25,960$17,691$11,758$7,656$4,905$3,484
35 years$24,942$16,779$10,993$7,048$4,443$3,117
36 years$23,982$15,926$10,284$6,491$4,025$2,789
37 years$23,077$15,126$9,625$5,980$3,648$2,496
38 years$22,221$14,375$9,014$5,512$3,308$2,234
39 years$21,411$13,669$8,445$5,083$2,999$2,001
40 years$20,644$13,005$7,915$4,688$2,721$1,792
41 years$19,916$12,380$7,422$4,325$2,468$1,605
42 years$19,225$11,790$6,962$3,992$2,240$1,437
43 years$18,567$11,234$6,533$3,685$2,033$1,288
44 years$17,941$10,708$6,132$3,402$1,845$1,154
45 years$17,345$10,211$5,758$3,142$1,675$1,034
46 years$16,776$9,741$5,408$2,902$1,521$927
47 years$16,233$9,296$5,081$2,681$1,381$830
48 years$15,714$8,874$4,775$2,478$1,254$744
49 years$15,218$8,474$4,488$2,290$1,139$667
50 years$14,743$8,095$4,219$2,117$1,035$598

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 $6,649 every year, while hoping to spend $52,852 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
65$15,100,000$15,100,000$15,100,000$15,100,000
66$16,647,058$15,846,758$15,612,708$17,265,343
67$18,288,824$16,567,015$16,079,500$18,421,730
68$20,096,279$17,320,794$16,560,158$19,666,802
69$22,086,267$18,109,680$17,055,090$21,013,210
70$24,277,348$18,935,337$17,564,719$22,470,198
71$26,689,977$19,799,507$18,089,475$24,047,905
72$29,346,687$20,704,016$18,629,806$25,757,456
73$32,272,314$21,650,777$19,186,169$27,611,055
74$35,494,221$22,641,796$19,759,037$29,622,098
75$39,042,562$23,679,175$20,348,894$31,805,287
76$42,950,563$24,765,114$20,956,242$34,176,766
77$47,254,839$25,901,923$21,581,595$36,754,259
78$51,995,735$27,092,020$22,225,481$39,557,236
79$57,217,711$28,337,940$22,888,446$42,607,079
80$62,969,759$29,642,340$23,571,050$45,927,283
81$69,305,864$31,008,005$24,273,870$49,543,659
82$76,285,518$32,437,853$24,997,500$53,484,576
83$83,974,276$33,934,943$25,742,551$57,781,212
84$92,444,377$35,502,480$26,509,652$62,467,837
85$101,775,428$37,143,826$27,299,450$67,582,126
86$112,055,150$38,862,502$28,112,610$73,165,505
87$123,380,211$40,662,200$28,949,818$79,263,523
88$135,857,134$42,546,790$29,811,779$85,926,271
89$149,603,306$44,520,327$30,699,217$93,208,842
90$164,748,083$46,587,062$31,612,881$101,171,834
91$181,434,012$48,751,453$32,553,537$109,881,906
92$199,818,177$51,018,170$33,521,976$119,412,392
93$220,073,681$53,392,110$34,519,012$129,843,975
94$242,391,278$55,878,405$35,545,481$141,265,433
95$266,981,178$58,482,436$36,602,244$153,774,454
96$294,075,027$61,209,844$37,690,187$167,478,540
97$323,928,093$64,066,540$38,810,223$182,496,005
98$356,821,681$67,058,723$39,963,288$198,957,062
99$393,065,783$70,192,891$41,150,347$217,005,039
100$433,002,003$73,475,853$42,372,395$236,797,699