Can I retire at age 66 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,187,421
2 years$633,651$621,850$610,413$599,324$588,568$540,228
3 years$418,238$406,386$394,978$383,993$373,411$326,825
4 years$310,552$298,737$287,443$276,645$266,320$221,841
5 years$245,958$234,213$223,067$212,490$202,452$160,194
6 years$202,909$191,253$180,271$169,930$160,194$120,184
7 years$172,172$160,614$149,806$139,709$130,280$92,505
8 years$149,130$137,676$127,048$117,198$108,080$72,502
9 years$131,217$119,871$109,426$99,827$91,019$57,584
10 years$116,896$105,661$95,400$86,052$77,553$46,197
11 years$105,186$94,064$83,989$74,891$66,698$37,349
12 years$95,434$84,426$74,538$65,689$57,799$30,378
13 years$87,190$76,297$66,595$57,994$50,402$24,827
14 years$80,129$69,352$59,836$51,480$44,182$20,368
15 years$74,015$63,354$54,024$45,911$38,901$16,762
16 years$68,671$58,126$48,980$41,109$34,381$13,829
17 years$63,960$53,532$44,570$36,936$30,485$11,432
18 years$59,778$49,466$40,687$33,287$27,106$9,467
19 years$56,040$45,845$37,247$30,077$24,160$7,850
20 years$52,680$42,601$34,183$27,241$21,580$6,516
21 years$49,644$39,681$31,442$24,723$19,312$5,415
22 years$46,887$37,041$28,979$22,479$17,310$4,503
23 years$44,374$34,644$26,757$20,472$15,539$3,747
24 years$42,074$32,459$24,745$18,671$13,966$3,119
25 years$39,961$30,461$22,919$17,052$12,568$2,598
26 years$38,014$28,628$21,256$15,591$11,320$2,165
27 years$36,214$26,943$19,738$14,271$10,206$1,804
28 years$34,546$25,388$18,349$13,075$9,209$1,504
29 years$32,996$23,951$17,076$11,990$8,316$1,254
30 years$31,551$22,619$15,905$11,004$7,514$1,046
31 years$30,203$21,382$14,828$10,106$6,793$872
32 years$28,941$20,232$13,835$9,288$6,145$728
33 years$27,758$19,160$12,918$8,541$5,561$607
34 years$26,647$18,159$12,070$7,859$5,035$507
35 years$25,602$17,224$11,284$7,234$4,560$423
36 years$24,618$16,348$10,556$6,663$4,132$353
37 years$23,688$15,527$9,880$6,139$3,745$294
38 years$22,810$14,756$9,252$5,658$3,395$246
39 years$21,979$14,031$8,669$5,217$3,079$205
40 years$21,191$13,350$8,125$4,812$2,793$171
41 years$20,444$12,708$7,619$4,440$2,534$143
42 years$19,734$12,102$7,147$4,097$2,299$119
43 years$19,059$11,531$6,706$3,782$2,086$99
44 years$18,416$10,992$6,295$3,492$1,894$83
45 years$17,804$10,482$5,911$3,225$1,719$69
46 years$17,220$9,999$5,551$2,979$1,561$58
47 years$16,663$9,542$5,216$2,752$1,417$48
48 years$16,130$9,109$4,901$2,543$1,287$40
49 years$15,621$8,699$4,607$2,351$1,169$34
50 years$15,133$8,309$4,331$2,173$1,062$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $15,500,000, adding $3,702 every year, while hoping to spend $54,916 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: 49/26/25 Blend
65$15,500,000$15,500,000$15,500,000$15,500,000
66$17,084,819$16,263,319$16,023,069$17,800,807
67$18,769,040$17,001,791$16,501,411$19,039,681
68$20,623,211$17,774,608$16,993,938$20,379,062
69$22,664,610$18,583,395$17,501,065$21,833,129
70$24,912,272$19,429,853$18,023,223$23,412,736
71$27,387,176$20,315,768$18,560,854$25,129,813
72$30,112,437$21,243,010$19,114,411$26,997,469
73$33,113,525$22,213,537$19,684,363$29,030,112
74$36,418,507$23,229,402$20,271,192$31,243,583
75$40,058,310$24,292,759$20,875,393$33,655,297
76$44,067,015$25,405,861$21,497,475$36,284,403
77$48,482,174$26,571,072$22,137,964$39,151,959
78$53,345,169$27,790,868$22,797,400$42,281,127
79$58,701,601$29,067,845$23,476,337$45,697,381
80$64,601,719$30,404,724$24,175,349$49,428,744
81$71,100,895$31,804,356$24,895,023$53,506,045
82$78,260,144$33,269,728$25,635,965$57,963,206
83$86,146,707$34,803,972$26,398,798$62,837,547
84$94,834,676$36,410,372$27,184,163$68,170,139
85$104,405,699$38,092,366$27,992,718$74,006,180
86$114,949,751$39,853,562$28,825,144$80,395,412
87$126,565,977$41,697,739$29,682,139$87,392,584
88$139,363,636$43,628,857$30,564,420$95,057,960
89$153,463,126$45,651,071$31,472,727$103,457,876
90$168,997,123$47,768,731$32,407,821$112,665,359
91$186,111,831$49,986,401$33,370,485$122,760,801
92$204,968,366$52,308,862$34,361,524$133,832,716
93$225,744,270$54,741,127$35,381,765$145,978,553
94$248,635,194$57,288,450$36,432,063$159,305,615
95$273,856,740$59,956,341$37,513,293$173,932,051
96$301,646,497$62,750,571$38,626,359$189,987,963
97$332,266,285$65,677,195$39,772,187$207,616,619
98$366,004,625$68,742,556$40,951,734$226,975,792
99$403,179,462$71,953,306$42,165,983$248,239,234
100$444,141,167$75,316,418$43,415,942$271,598,301