Can I retire at age 66 with 15,200,000?

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,164,899
2 years$621,387$609,814$598,598$587,724$577,176$530,223
3 years$410,143$398,520$387,333$376,560$366,184$320,926
4 years$304,542$292,955$281,879$271,291$261,166$217,947
5 years$241,198$229,680$218,750$208,377$198,534$157,465
6 years$198,982$187,551$176,782$166,641$157,093$118,202
7 years$168,840$157,505$146,907$137,005$127,759$91,031
8 years$146,243$135,011$124,589$114,930$105,988$71,389
9 years$128,678$117,551$107,308$97,895$89,257$56,735
10 years$114,633$103,616$93,554$84,386$76,052$45,545
11 years$103,150$92,243$82,363$73,441$65,407$36,846
12 years$93,587$82,792$73,095$64,418$56,680$29,989
13 years$85,502$74,820$65,306$56,871$49,426$24,526
14 years$78,578$68,009$58,678$50,484$43,327$20,135
15 years$72,583$62,128$52,978$45,023$38,148$16,582
16 years$67,342$57,001$48,032$40,313$33,716$13,690
17 years$62,722$52,496$43,707$36,221$29,895$11,326
18 years$58,621$48,509$39,899$32,642$26,581$9,386
19 years$54,955$44,957$36,526$29,495$23,692$7,789
20 years$51,660$41,776$33,522$26,714$21,162$6,471
21 years$48,683$38,913$30,833$24,244$18,938$5,381
22 years$45,980$36,324$28,418$22,044$16,975$4,478
23 years$43,515$33,973$26,239$20,076$15,238$3,729
24 years$41,260$31,831$24,266$18,310$13,696$3,107
25 years$39,188$29,871$22,476$16,722$12,324$2,590
26 years$37,279$28,074$20,845$15,290$11,101$2,160
27 years$35,514$26,421$19,356$13,995$10,009$1,801
28 years$33,877$24,897$17,994$12,822$9,031$1,503
29 years$32,357$23,487$16,745$11,758$8,155$1,254
30 years$30,941$22,181$15,598$10,791$7,368$1,047
31 years$29,618$20,968$14,541$9,911$6,662$874
32 years$28,381$19,840$13,567$9,108$6,026$730
33 years$27,221$18,789$12,668$8,376$5,454$609
34 years$26,132$17,808$11,836$7,707$4,938$509
35 years$25,107$16,890$11,066$7,094$4,472$425
36 years$24,141$16,032$10,352$6,534$4,052$355
37 years$23,230$15,226$9,689$6,020$3,672$296
38 years$22,368$14,470$9,073$5,549$3,329$248
39 years$21,553$13,760$8,501$5,116$3,019$207
40 years$20,781$13,091$7,968$4,719$2,739$173
41 years$20,048$12,462$7,471$4,354$2,485$144
42 years$19,352$11,868$7,008$4,018$2,254$121
43 years$18,690$11,308$6,576$3,709$2,046$101
44 years$18,060$10,779$6,173$3,425$1,857$84
45 years$17,459$10,279$5,796$3,163$1,686$70
46 years$16,887$9,805$5,444$2,922$1,531$59
47 years$16,340$9,357$5,115$2,699$1,390$49
48 years$15,818$8,933$4,806$2,494$1,262$41
49 years$15,318$8,530$4,518$2,305$1,147$34
50 years$14,841$8,149$4,247$2,131$1,041$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $15,200,000, adding $6,245 every year, while hoping to spend $28,730 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: 75/11/14 Blend
65$15,200,000$15,200,000$15,200,000$15,200,000
66$16,756,842$15,951,242$15,715,642$17,963,482
67$18,435,471$16,702,284$16,211,547$19,512,489
68$20,284,358$17,489,165$16,723,103$21,205,492
69$22,320,838$18,313,609$17,250,802$23,060,214
70$24,564,014$19,177,427$17,795,155$25,092,726
71$27,034,937$20,082,515$18,356,686$27,320,722
72$29,756,805$21,030,862$18,935,939$29,763,682
73$32,755,178$22,024,554$19,533,473$32,443,054
74$36,058,226$23,065,776$20,149,864$35,382,456
75$39,696,989$24,156,823$20,785,707$38,607,893
76$43,705,671$25,300,096$21,441,618$42,148,001
77$48,121,965$26,498,117$22,118,228$46,034,318
78$52,987,409$27,753,528$22,816,192$50,301,571
79$58,347,774$29,069,100$23,536,184$54,988,009
80$64,253,498$30,447,738$24,278,898$60,135,755
81$70,760,166$31,892,487$25,045,051$65,791,205
82$77,929,027$33,406,544$25,835,385$72,005,458
83$85,827,579$34,993,255$26,650,661$78,834,797
84$94,530,201$36,656,134$27,491,668$86,341,216
85$104,118,860$38,398,863$28,359,217$94,593,003
86$114,683,879$40,225,302$29,254,146$103,665,377
87$126,324,794$42,139,501$30,177,319$113,641,197
88$139,151,292$44,145,706$31,129,628$124,611,738
89$153,284,245$46,248,367$32,111,992$136,677,548
90$168,856,856$48,452,154$33,125,361$149,949,395
91$186,015,907$50,761,962$34,170,713$164,549,301
92$204,923,154$53,182,923$35,249,056$180,611,697
93$225,756,850$55,720,420$36,361,434$198,284,679
94$248,713,426$58,380,098$37,508,919$217,731,406
95$274,009,348$61,167,876$38,692,621$239,131,630
96$301,883,160$64,089,960$39,913,682$262,683,389
97$332,597,734$67,152,859$41,173,282$288,604,868
98$366,442,752$70,363,399$42,472,636$317,136,455
99$403,737,444$73,728,737$43,813,001$348,543,000
100$444,833,597$77,256,378$45,195,670$383,116,308