Can I retire at age 66 with 15,400,000?

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 $15,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,197,359
2 years$629,563$617,838$606,475$595,457$584,770$554,076
3 years$415,540$403,764$392,429$381,515$371,002$341,233
4 years$308,549$296,809$285,588$274,860$264,602$235,986
5 years$244,371$232,702$221,628$211,119$201,146$173,763
6 years$201,600$190,019$179,108$168,834$159,160$133,038
7 years$171,061$159,577$148,840$138,807$129,440$104,580
8 years$148,168$136,787$126,228$116,442$107,383$83,775
9 years$130,371$119,098$108,720$99,183$90,432$68,057
10 years$116,142$104,979$94,785$85,497$77,052$55,883
11 years$104,507$93,457$83,447$74,408$66,268$46,273
12 years$94,819$83,882$74,057$65,265$57,426$38,572
13 years$86,627$75,805$66,165$57,620$50,077$32,327
14 years$79,612$68,904$59,450$51,148$43,897$27,211
15 years$73,538$62,945$53,675$45,615$38,650$22,988
16 years$68,228$57,751$48,664$40,844$34,159$19,478
17 years$63,548$53,187$44,283$36,698$30,288$16,545
18 years$59,392$49,147$40,424$33,072$26,931$14,083
19 years$55,678$45,549$37,006$29,883$24,004$12,008
20 years$52,340$42,326$33,963$27,065$21,441$10,254
21 years$49,323$39,425$31,239$24,563$19,187$8,768
22 years$46,585$36,802$28,792$22,334$17,198$7,505
23 years$44,088$34,420$26,584$20,340$15,438$6,429
24 years$41,803$32,249$24,586$18,551$13,876$5,512
25 years$39,704$30,264$22,771$16,942$12,487$4,729
26 years$37,769$28,444$21,119$15,491$11,247$4,059
27 years$35,981$26,769$19,611$14,179$10,141$3,486
28 years$34,323$25,224$18,231$12,991$9,150$2,995
29 years$32,783$23,796$16,966$11,913$8,262$2,574
30 years$31,348$22,473$15,803$10,933$7,465$2,213
31 years$30,008$21,244$14,732$10,041$6,749$1,903
32 years$28,754$20,101$13,746$9,228$6,105$1,637
33 years$27,579$19,036$12,834$8,486$5,525$1,408
34 years$26,475$18,042$11,992$7,808$5,003$1,212
35 years$25,437$17,113$11,211$7,188$4,531$1,043
36 years$24,459$16,242$10,488$6,620$4,105$898
37 years$23,535$15,427$9,817$6,099$3,721$773
38 years$22,663$14,661$9,193$5,622$3,373$665
39 years$21,837$13,941$8,613$5,183$3,059$573
40 years$21,054$13,264$8,073$4,781$2,775$493
41 years$20,312$12,626$7,570$4,411$2,517$425
42 years$19,606$12,024$7,101$4,071$2,284$366
43 years$18,936$11,457$6,663$3,758$2,073$315
44 years$18,297$10,921$6,254$3,470$1,882$271
45 years$17,689$10,414$5,873$3,204$1,708$233
46 years$17,109$9,934$5,516$2,960$1,551$201
47 years$16,555$9,481$5,182$2,735$1,408$173
48 years$16,026$9,050$4,869$2,527$1,279$149
49 years$15,520$8,643$4,577$2,335$1,162$128
50 years$15,036$8,256$4,303$2,159$1,055$111

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $15,400,000, adding $5,108 every year, while hoping to spend $42,292 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: 55/29/16 Blend
65$15,400,000$15,400,000$15,400,000$15,400,000
66$16,976,069$16,159,869$15,921,169$17,837,515
67$18,662,630$16,906,704$16,409,530$19,171,493
68$20,519,802$17,688,717$16,912,833$20,618,355
69$22,564,944$18,507,586$17,431,535$22,192,907
70$24,817,182$19,365,072$17,966,106$23,907,355
71$27,297,593$20,263,018$18,517,028$25,775,114
72$30,029,401$21,203,360$19,084,802$27,810,933
73$33,038,198$22,188,123$19,669,942$30,031,024
74$36,352,186$23,219,432$20,272,976$32,453,213
75$40,002,438$24,299,514$20,894,450$35,097,103
76$44,023,201$25,430,704$21,534,928$37,984,253
77$48,452,206$26,615,448$22,194,987$41,138,374
78$53,331,038$27,856,311$22,875,226$44,585,547
79$58,705,517$29,155,983$23,576,259$48,354,466
80$64,626,136$30,517,283$24,298,720$52,476,696
81$71,148,537$31,943,165$25,043,262$56,986,969
82$78,334,034$33,436,727$25,810,558$61,923,501
83$86,250,196$35,001,216$26,601,302$67,328,348
84$94,971,477$36,640,037$27,416,207$73,247,791
85$104,579,928$38,356,759$28,256,010$79,732,769
86$115,165,964$40,155,123$29,121,469$86,839,345
87$126,829,220$42,039,052$30,013,366$94,629,232
88$139,679,492$44,012,658$30,932,506$103,170,361
89$153,837,774$46,080,252$31,879,719$112,537,515
90$169,437,396$48,246,353$32,855,858$122,813,022
91$186,625,287$50,515,701$33,861,806$134,087,524
92$205,563,359$52,893,263$34,898,469$146,460,815
93$226,430,036$55,384,247$35,966,782$160,042,780
94$249,421,940$57,994,115$37,067,710$174,954,411
95$274,755,743$60,728,592$38,202,243$191,328,938
96$302,670,216$63,593,681$39,371,406$209,313,078
97$333,428,482$66,595,674$40,576,251$229,068,395
98$367,320,496$69,741,172$41,817,865$250,772,822
99$404,665,788$73,037,091$43,097,365$274,622,314
100$445,816,476$76,490,686$44,415,905$300,832,687