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%11.5%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,212,354
2 years$625,475$613,826$602,537$591,591$580,973$573,217
3 years$412,841$401,142$389,881$379,038$368,593$361,011
4 years$306,545$294,882$283,734$273,075$262,884$255,533
5 years$242,784$231,191$220,189$209,748$199,840$192,742
6 years$200,291$188,785$177,945$167,737$158,127$151,291
7 years$169,950$158,541$147,873$137,906$128,599$122,030
8 years$147,205$135,899$125,408$115,686$106,686$100,382
9 years$129,524$118,325$108,014$98,539$89,845$83,805
10 years$115,387$104,297$94,169$84,941$76,552$70,774
11 years$103,829$92,850$82,905$73,924$65,837$60,316
12 years$94,203$83,337$73,576$64,842$57,053$51,785
13 years$86,065$75,312$65,735$57,245$49,752$44,730
14 years$79,095$68,457$59,064$50,816$43,612$38,832
15 years$73,060$62,537$53,326$45,319$38,399$33,854
16 years$67,785$57,376$48,348$40,578$33,937$29,621
17 years$63,135$52,841$43,995$36,459$30,091$25,996
18 years$59,006$48,828$40,162$32,857$26,756$22,875
19 years$55,316$45,253$36,766$29,689$23,848$20,174
20 years$52,000$42,051$33,742$26,889$21,302$17,827
21 years$49,003$39,169$31,036$24,404$19,062$15,781
22 years$46,282$36,563$28,605$22,189$17,087$13,990
23 years$43,802$34,197$26,411$20,208$15,338$12,418
24 years$41,531$32,040$24,426$18,431$13,786$11,036
25 years$39,446$30,068$22,623$16,832$12,405$9,818
26 years$37,524$28,259$20,982$15,390$11,174$8,742
27 years$35,747$26,595$19,484$14,087$10,075$7,790
28 years$34,100$25,060$18,113$12,907$9,091$6,946
29 years$32,570$23,642$16,855$11,836$8,209$6,198
30 years$31,144$22,327$15,700$10,862$7,417$5,533
31 years$29,813$21,106$14,637$9,976$6,706$4,942
32 years$28,568$19,971$13,656$9,168$6,066$4,416
33 years$27,400$18,913$12,751$8,431$5,489$3,948
34 years$26,304$17,925$11,914$7,757$4,970$3,531
35 years$25,272$17,002$11,139$7,141$4,502$3,158
36 years$24,300$16,137$10,420$6,577$4,079$2,826
37 years$23,383$15,326$9,753$6,060$3,697$2,529
38 years$22,516$14,566$9,133$5,585$3,351$2,264
39 years$21,695$13,850$8,557$5,150$3,039$2,027
40 years$20,918$13,178$8,020$4,750$2,757$1,815
41 years$20,180$12,544$7,520$4,382$2,501$1,626
42 years$19,479$11,946$7,054$4,044$2,269$1,456
43 years$18,813$11,382$6,620$3,734$2,059$1,305
44 years$18,179$10,850$6,214$3,447$1,869$1,169
45 years$17,574$10,346$5,834$3,184$1,697$1,048
46 years$16,998$9,870$5,480$2,941$1,541$939
47 years$16,448$9,419$5,148$2,717$1,399$841
48 years$15,922$8,992$4,838$2,511$1,271$754
49 years$15,419$8,587$4,547$2,320$1,154$676
50 years$14,938$8,202$4,275$2,145$1,048$606

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 $6,351 every year, while hoping to spend $40,227 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: 42/47/11 Blend
65$15,300,000$15,300,000$15,300,000$15,300,000
66$16,867,151$16,056,251$15,819,101$17,520,944
67$18,544,799$16,800,206$16,306,240$18,723,032
68$20,392,219$17,579,267$16,808,349$20,019,369
69$22,426,686$18,395,111$17,325,889$21,422,170
70$24,667,233$19,249,496$17,859,331$22,941,167
71$27,134,836$20,144,267$18,409,165$24,587,032
72$29,852,609$21,081,356$18,975,891$26,371,473
73$32,846,020$22,062,787$19,560,028$28,307,335
74$36,143,135$23,090,685$20,162,110$30,408,717
75$39,774,880$24,167,274$20,782,687$32,691,092
76$43,775,336$25,294,888$21,422,324$35,171,448
77$48,182,056$26,475,973$22,081,608$37,868,439
78$53,036,422$27,713,093$22,761,139$40,802,552
79$58,384,038$29,008,935$23,461,538$43,996,288
80$64,275,155$30,366,318$24,183,444$47,474,368
81$70,765,147$31,788,194$24,927,516$51,263,954
82$77,915,038$33,277,661$25,694,433$55,394,893
83$85,792,070$34,837,965$26,484,895$59,899,989
84$94,470,345$36,472,510$27,299,623$64,815,298
85$104,031,521$38,184,862$28,139,361$70,180,458
86$114,565,579$39,978,764$29,004,873$76,039,048
87$126,171,682$41,858,137$29,896,949$82,438,989
88$138,959,099$43,827,092$30,816,403$89,432,974
89$153,048,248$45,889,940$31,764,073$97,078,957
90$168,571,822$48,051,200$32,740,823$105,440,681
91$185,676,049$50,315,610$33,747,542$114,588,264
92$204,522,070$52,688,138$34,785,148$124,598,841
93$225,287,457$55,173,993$35,854,586$135,557,277
94$248,167,894$57,778,635$36,956,831$147,556,943
95$273,379,020$60,507,789$38,092,886$160,700,585
96$301,158,468$63,367,459$39,263,786$175,101,265
97$331,768,106$66,363,939$40,470,597$190,883,411
98$365,496,509$69,503,828$41,714,418$208,183,966
99$402,661,682$72,794,044$42,996,380$227,153,656
100$443,614,066$76,241,845$44,317,651$247,958,388