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%14.3%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,190,520
2 years$621,387$609,814$598,598$587,724$577,176$555,539
3 years$410,143$398,520$387,333$376,560$366,184$345,134
4 years$304,542$292,955$281,879$271,291$261,166$240,863
5 years$241,198$229,680$218,750$208,377$198,534$179,038
6 years$198,982$187,551$176,782$166,641$157,093$138,426
7 years$168,840$157,505$146,907$137,005$127,759$109,925
8 years$146,243$135,011$124,589$114,930$105,988$88,984
9 years$128,678$117,551$107,308$97,895$89,257$73,073
10 years$114,633$103,616$93,554$84,386$76,052$60,673
11 years$103,150$92,243$82,363$73,441$65,407$50,816
12 years$93,587$82,792$73,095$64,418$56,680$42,858
13 years$85,502$74,820$65,306$56,871$49,426$36,351
14 years$78,578$68,009$58,678$50,484$43,327$30,976
15 years$72,583$62,128$52,978$45,023$38,148$26,497
16 years$67,342$57,001$48,032$40,313$33,716$22,740
17 years$62,722$52,496$43,707$36,221$29,895$19,568
18 years$58,621$48,509$39,899$32,642$26,581$16,877
19 years$54,955$44,957$36,526$29,495$23,692$14,585
20 years$51,660$41,776$33,522$26,714$21,162$12,625
21 years$48,683$38,913$30,833$24,244$18,938$10,944
22 years$45,980$36,324$28,418$22,044$16,975$9,498
23 years$43,515$33,973$26,239$20,076$15,238$8,252
24 years$41,260$31,831$24,266$18,310$13,696$7,176
25 years$39,188$29,871$22,476$16,722$12,324$6,245
26 years$37,279$28,074$20,845$15,290$11,101$5,439
27 years$35,514$26,421$19,356$13,995$10,009$4,740
28 years$33,877$24,897$17,994$12,822$9,031$4,132
29 years$32,357$23,487$16,745$11,758$8,155$3,604
30 years$30,941$22,181$15,598$10,791$7,368$3,145
31 years$29,618$20,968$14,541$9,911$6,662$2,745
32 years$28,381$19,840$13,567$9,108$6,026$2,397
33 years$27,221$18,789$12,668$8,376$5,454$2,093
34 years$26,132$17,808$11,836$7,707$4,938$1,829
35 years$25,107$16,890$11,066$7,094$4,472$1,598
36 years$24,141$16,032$10,352$6,534$4,052$1,396
37 years$23,230$15,226$9,689$6,020$3,672$1,220
38 years$22,368$14,470$9,073$5,549$3,329$1,067
39 years$21,553$13,760$8,501$5,116$3,019$932
40 years$20,781$13,091$7,968$4,719$2,739$815
41 years$20,048$12,462$7,471$4,354$2,485$713
42 years$19,352$11,868$7,008$4,018$2,254$623
43 years$18,690$11,308$6,576$3,709$2,046$545
44 years$18,060$10,779$6,173$3,425$1,857$477
45 years$17,459$10,279$5,796$3,163$1,686$417
46 years$16,887$9,805$5,444$2,922$1,531$365
47 years$16,340$9,357$5,115$2,699$1,390$319
48 years$15,818$8,933$4,806$2,494$1,262$279
49 years$15,318$8,530$4,518$2,305$1,147$244
50 years$14,841$8,149$4,247$2,131$1,041$213

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 $3,183 every year, while hoping to spend $27,229 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: 68/23/9 Blend
65$15,200,000$15,200,000$15,200,000$15,200,000
66$16,753,683$15,948,083$15,712,483$17,863,556
67$18,433,588$16,700,568$16,209,880$19,352,924
68$20,283,929$17,489,012$16,723,027$20,977,531
69$22,322,065$18,315,148$17,252,423$22,753,471
70$24,567,119$19,180,794$17,798,583$24,695,561
71$27,040,167$20,087,855$18,362,037$26,820,105
72$29,764,433$21,038,328$18,943,334$29,145,037
73$32,765,508$22,034,310$19,543,039$31,690,094
74$36,071,594$23,077,995$20,161,735$34,476,992
75$39,713,767$24,171,687$20,800,023$37,529,631
76$43,726,272$25,317,800$21,458,525$40,874,313
77$48,146,846$26,518,866$22,137,879$44,539,986
78$53,017,073$27,777,540$22,838,748$48,558,516
79$58,382,781$29,096,606$23,561,812$52,964,977
80$64,294,466$30,478,981$24,307,774$57,797,979
81$70,807,778$31,927,727$25,077,361$63,100,031
82$77,984,039$33,446,053$25,871,320$68,917,928
83$85,890,825$35,037,324$26,690,423$75,303,194
84$94,602,604$36,705,068$27,535,468$82,312,556
85$104,201,439$38,452,985$28,407,275$90,008,480
86$114,777,760$40,284,956$29,306,693$98,459,744
87$126,431,220$42,205,048$30,234,596$107,742,088
88$139,271,637$44,217,527$31,191,887$117,938,918
89$153,420,025$46,326,868$32,179,497$129,142,084
90$169,009,744$48,537,760$33,198,386$141,452,741
91$186,187,752$50,855,124$34,249,546$154,982,292
92$205,115,995$53,284,118$35,333,998$169,853,435
93$225,972,938$55,830,151$36,452,798$186,201,306
94$248,955,245$58,498,896$37,607,034$204,174,748
95$274,279,639$61,296,300$38,797,829$223,937,703
96$302,184,946$64,228,603$40,026,340$245,670,753
97$332,934,351$67,302,345$41,293,763$269,572,806
98$366,817,881$70,524,387$42,601,331$295,862,967
99$404,155,145$73,901,922$43,950,315$324,782,592
100$445,298,347$77,442,493$45,342,028$356,597,552