Can I retire at age 66 with 15,300,000?

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,204,299
2 years$625,475$613,826$602,537$591,591$580,973$565,133
3 years$412,841$401,142$389,881$379,038$368,593$353,150
4 years$306,545$294,882$283,734$273,075$262,884$247,957
5 years$242,784$231,191$220,189$209,748$199,840$185,472
6 years$200,291$188,785$177,945$167,737$158,127$144,335
7 years$169,950$158,541$147,873$137,906$128,599$115,390
8 years$147,205$135,899$125,408$115,686$106,686$94,056
9 years$129,524$118,325$108,014$98,539$89,845$77,790
10 years$115,387$104,297$94,169$84,941$76,552$65,064
11 years$103,829$92,850$82,905$73,924$65,837$54,905
12 years$94,203$83,337$73,576$64,842$57,053$46,665
13 years$86,065$75,312$65,735$57,245$49,752$39,893
14 years$79,095$68,457$59,064$50,816$43,612$34,269
15 years$73,060$62,537$53,326$45,319$38,399$29,556
16 years$67,785$57,376$48,348$40,578$33,937$25,577
17 years$63,135$52,841$43,995$36,459$30,091$22,198
18 years$59,006$48,828$40,162$32,857$26,756$19,312
19 years$55,316$45,253$36,766$29,689$23,848$16,837
20 years$52,000$42,051$33,742$26,889$21,302$14,705
21 years$49,003$39,169$31,036$24,404$19,062$12,863
22 years$46,282$36,563$28,605$22,189$17,087$11,266
23 years$43,802$34,197$26,411$20,208$15,338$9,880
24 years$41,531$32,040$24,426$18,431$13,786$8,672
25 years$39,446$30,068$22,623$16,832$12,405$7,619
26 years$37,524$28,259$20,982$15,390$11,174$6,699
27 years$35,747$26,595$19,484$14,087$10,075$5,894
28 years$34,100$25,060$18,113$12,907$9,091$5,189
29 years$32,570$23,642$16,855$11,836$8,209$4,571
30 years$31,144$22,327$15,700$10,862$7,417$4,028
31 years$29,813$21,106$14,637$9,976$6,706$3,551
32 years$28,568$19,971$13,656$9,168$6,066$3,131
33 years$27,400$18,913$12,751$8,431$5,489$2,762
34 years$26,304$17,925$11,914$7,757$4,970$2,437
35 years$25,272$17,002$11,139$7,141$4,502$2,151
36 years$24,300$16,137$10,420$6,577$4,079$1,899
37 years$23,383$15,326$9,753$6,060$3,697$1,677
38 years$22,516$14,566$9,133$5,585$3,351$1,481
39 years$21,695$13,850$8,557$5,150$3,039$1,308
40 years$20,918$13,178$8,020$4,750$2,757$1,155
41 years$20,180$12,544$7,520$4,382$2,501$1,021
42 years$19,479$11,946$7,054$4,044$2,269$902
43 years$18,813$11,382$6,620$3,734$2,059$797
44 years$18,179$10,850$6,214$3,447$1,869$704
45 years$17,574$10,346$5,834$3,184$1,697$622
46 years$16,998$9,870$5,480$2,941$1,541$550
47 years$16,448$9,419$5,148$2,717$1,399$486
48 years$15,922$8,992$4,838$2,511$1,271$430
49 years$15,419$8,587$4,547$2,320$1,154$380
50 years$14,938$8,202$4,275$2,145$1,048$336

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $15,300,000, adding $6,866 every year, while hoping to spend $44,237 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: 66/11/23 Blend
65$15,300,000$15,300,000$15,300,000$15,300,000
66$16,867,682$16,056,782$15,819,632$17,880,831
67$18,541,118$16,796,497$16,302,522$19,302,450
68$20,383,762$17,570,975$16,800,106$20,850,406
69$22,412,826$18,381,873$17,312,830$22,541,754
70$24,647,276$19,230,927$17,841,152$24,390,599
71$27,108,014$20,119,958$18,385,546$26,412,464
72$29,818,069$21,050,873$18,946,499$28,624,435
73$32,802,817$22,025,671$19,524,513$31,045,321
74$36,090,224$23,046,449$20,120,104$33,695,824
75$39,711,105$24,115,403$20,733,805$36,598,737
76$43,699,415$25,234,835$21,366,165$39,779,154
77$48,092,573$26,407,160$22,017,749$43,264,703
78$52,931,811$27,634,906$22,689,139$47,085,802
79$58,262,566$28,920,727$23,380,936$51,275,949
80$64,134,907$30,267,402$24,093,756$55,872,027
81$70,604,008$31,677,845$24,828,238$60,914,653
82$77,730,669$33,155,111$25,585,035$66,448,556
83$85,581,888$34,702,402$26,364,824$72,522,996
84$94,231,495$36,323,075$27,168,301$79,192,225
85$103,760,852$38,020,649$27,996,183$86,515,993
86$114,259,611$39,798,813$28,849,208$94,560,109
87$125,826,571$41,661,435$29,728,136$103,397,059
88$138,570,604$43,612,568$30,633,751$113,106,681
89$152,611,684$45,656,463$31,566,861$123,776,919
90$168,082,022$47,797,575$32,528,296$135,504,641
91$185,127,308$50,040,577$33,518,914$148,396,557
92$203,908,093$52,390,364$34,539,597$162,570,212
93$224,601,298$54,852,071$35,591,253$178,155,093
94$247,401,889$57,431,082$36,674,819$195,293,847
95$272,524,716$60,133,038$37,791,259$214,143,619
96$300,206,537$62,963,858$38,941,567$234,877,527
97$330,708,260$65,929,743$40,126,765$257,686,294
98$364,317,399$69,037,197$41,347,909$282,780,037
99$401,350,792$72,293,038$42,606,082$310,390,242
100$442,157,592$75,704,416$43,902,405$340,771,946