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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.9%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,195,410
2 years$625,475$613,826$602,537$591,591$580,973$556,263
3 years$412,841$401,142$389,881$379,038$368,593$344,578
4 years$306,545$294,882$283,734$273,075$262,884$239,748
5 years$242,784$231,191$220,189$209,748$199,840$177,649
6 years$200,291$188,785$177,945$167,737$158,127$136,905
7 years$169,950$158,541$147,873$137,906$128,599$108,352
8 years$147,205$135,899$125,408$115,686$106,686$87,406
9 years$129,524$118,325$108,014$98,539$89,845$71,520
10 years$115,387$104,297$94,169$84,941$76,552$59,165
11 years$103,829$92,850$82,905$73,924$65,837$49,366
12 years$94,203$83,337$73,576$64,842$57,053$41,474
13 years$86,065$75,312$65,735$57,245$49,752$35,037
14 years$79,095$68,457$59,064$50,816$43,612$29,735
15 years$73,060$62,537$53,326$45,319$38,399$25,331
16 years$67,785$57,376$48,348$40,578$33,937$21,647
17 years$63,135$52,841$43,995$36,459$30,091$18,547
18 years$59,006$48,828$40,162$32,857$26,756$15,927
19 years$55,316$45,253$36,766$29,689$23,848$13,703
20 years$52,000$42,051$33,742$26,889$21,302$11,808
21 years$49,003$39,169$31,036$24,404$19,062$10,189
22 years$46,282$36,563$28,605$22,189$17,087$8,803
23 years$43,802$34,197$26,411$20,208$15,338$7,612
24 years$41,531$32,040$24,426$18,431$13,786$6,589
25 years$39,446$30,068$22,623$16,832$12,405$5,707
26 years$37,524$28,259$20,982$15,390$11,174$4,946
27 years$35,747$26,595$19,484$14,087$10,075$4,289
28 years$34,100$25,060$18,113$12,907$9,091$3,722
29 years$32,570$23,642$16,855$11,836$8,209$3,230
30 years$31,144$22,327$15,700$10,862$7,417$2,805
31 years$29,813$21,106$14,637$9,976$6,706$2,436
32 years$28,568$19,971$13,656$9,168$6,066$2,116
33 years$27,400$18,913$12,751$8,431$5,489$1,839
34 years$26,304$17,925$11,914$7,757$4,970$1,598
35 years$25,272$17,002$11,139$7,141$4,502$1,390
36 years$24,300$16,137$10,420$6,577$4,079$1,208
37 years$23,383$15,326$9,753$6,060$3,697$1,051
38 years$22,516$14,566$9,133$5,585$3,351$914
39 years$21,695$13,850$8,557$5,150$3,039$795
40 years$20,918$13,178$8,020$4,750$2,757$691
41 years$20,180$12,544$7,520$4,382$2,501$601
42 years$19,479$11,946$7,054$4,044$2,269$523
43 years$18,813$11,382$6,620$3,734$2,059$455
44 years$18,179$10,850$6,214$3,447$1,869$396
45 years$17,574$10,346$5,834$3,184$1,697$344
46 years$16,998$9,870$5,480$2,941$1,541$300
47 years$16,448$9,419$5,148$2,717$1,399$261
48 years$15,922$8,992$4,838$2,511$1,271$227
49 years$15,419$8,587$4,547$2,320$1,154$197
50 years$14,938$8,202$4,275$2,145$1,048$172

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 $6,508 every year, while hoping to spend $29,676 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: 67/11/22 Blend
65$15,300,000$15,300,000$15,300,000$15,300,000
66$16,867,313$16,056,413$15,819,263$17,902,843
67$18,556,204$16,811,602$16,317,633$19,353,379
68$20,416,367$17,602,801$16,831,704$20,935,074
69$22,465,241$18,431,743$17,361,971$22,664,141
70$24,722,042$19,300,244$17,908,943$24,555,094
71$27,207,944$20,210,211$18,473,147$26,623,908
72$29,946,283$21,163,640$19,055,126$28,888,166
73$32,962,771$22,162,625$19,655,440$31,367,220
74$36,285,743$23,209,363$20,274,666$34,082,376
75$39,946,422$24,306,155$20,913,401$37,057,090
76$43,979,216$25,455,415$21,572,259$40,317,184
77$48,422,040$26,659,674$22,251,873$43,891,089
78$53,316,675$27,921,586$22,952,898$47,810,108
79$58,709,165$29,243,932$23,676,009$52,108,711
80$64,650,245$30,629,630$24,421,900$56,824,855
81$71,195,827$32,081,739$25,191,291$62,000,335
82$78,407,522$33,603,466$25,984,921$67,681,183
83$86,353,227$35,198,173$26,803,553$73,918,089
84$95,107,761$36,869,388$27,647,976$80,766,882
85$104,753,571$38,620,807$28,519,003$88,289,047
86$115,381,516$40,456,307$29,417,470$96,552,308
87$127,091,719$42,379,954$30,344,243$105,631,254
88$139,994,512$44,396,010$31,300,213$115,608,045
89$154,211,483$46,508,945$32,286,301$126,573,176
90$169,876,617$48,723,446$33,303,455$138,626,333
91$187,137,565$51,044,428$34,352,654$151,877,320
92$206,157,036$53,477,044$35,434,907$166,447,098
93$227,114,334$56,026,699$36,551,257$182,468,913
94$250,207,048$58,699,060$37,702,776$200,089,553
95$275,652,921$61,500,068$38,890,573$219,470,723
96$303,691,903$64,435,955$40,115,791$240,790,567
97$334,588,416$67,513,256$41,379,609$264,245,340
98$368,633,852$70,738,822$42,683,243$290,051,257
99$406,149,320$74,119,840$44,027,947$318,446,520
100$447,488,684$77,663,845$45,415,016$349,693,564