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%17.7%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,197,386
2 years$633,651$621,850$610,413$599,324$588,568$550,016
3 years$418,238$406,386$394,978$383,993$373,411$336,124
4 years$310,552$298,737$287,443$276,645$266,320$230,583
5 years$245,958$234,213$223,067$212,490$202,452$168,361
6 years$202,909$191,253$180,271$169,930$160,194$127,778
7 years$172,172$160,614$149,806$139,709$130,280$99,538
8 years$149,130$137,676$127,048$117,198$108,080$78,990
9 years$131,217$119,871$109,426$99,827$91,019$63,550
10 years$116,896$105,661$95,400$86,052$77,553$51,663
11 years$105,186$94,064$83,989$74,891$66,698$42,342
12 years$95,434$84,426$74,538$65,689$57,799$34,925
13 years$87,190$76,297$66,595$57,994$50,402$28,955
14 years$80,129$69,352$59,836$51,480$44,182$24,106
15 years$74,015$63,354$54,024$45,911$38,901$20,136
16 years$68,671$58,126$48,980$41,109$34,381$16,867
17 years$63,960$53,532$44,570$36,936$30,485$14,161
18 years$59,778$49,466$40,687$33,287$27,106$11,912
19 years$56,040$45,845$37,247$30,077$24,160$10,036
20 years$52,680$42,601$34,183$27,241$21,580$8,466
21 years$49,644$39,681$31,442$24,723$19,312$7,150
22 years$46,887$37,041$28,979$22,479$17,310$6,044
23 years$44,374$34,644$26,757$20,472$15,539$5,113
24 years$42,074$32,459$24,745$18,671$13,966$4,329
25 years$39,961$30,461$22,919$17,052$12,568$3,666
26 years$38,014$28,628$21,256$15,591$11,320$3,107
27 years$36,214$26,943$19,738$14,271$10,206$2,634
28 years$34,546$25,388$18,349$13,075$9,209$2,234
29 years$32,996$23,951$17,076$11,990$8,316$1,895
30 years$31,551$22,619$15,905$11,004$7,514$1,608
31 years$30,203$21,382$14,828$10,106$6,793$1,364
32 years$28,941$20,232$13,835$9,288$6,145$1,158
33 years$27,758$19,160$12,918$8,541$5,561$983
34 years$26,647$18,159$12,070$7,859$5,035$835
35 years$25,602$17,224$11,284$7,234$4,560$709
36 years$24,618$16,348$10,556$6,663$4,132$602
37 years$23,688$15,527$9,880$6,139$3,745$511
38 years$22,810$14,756$9,252$5,658$3,395$434
39 years$21,979$14,031$8,669$5,217$3,079$369
40 years$21,191$13,350$8,125$4,812$2,793$313
41 years$20,444$12,708$7,619$4,440$2,534$266
42 years$19,734$12,102$7,147$4,097$2,299$226
43 years$19,059$11,531$6,706$3,782$2,086$192
44 years$18,416$10,992$6,295$3,492$1,894$163
45 years$17,804$10,482$5,911$3,225$1,719$139
46 years$17,220$9,999$5,551$2,979$1,561$118
47 years$16,663$9,542$5,216$2,752$1,417$100
48 years$16,130$9,109$4,901$2,543$1,287$85
49 years$15,621$8,699$4,607$2,351$1,169$72
50 years$15,133$8,309$4,331$2,173$1,062$61

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 $5,351 every year, while hoping to spend $36,659 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: 52/34/14 Blend
65$15,500,000$15,500,000$15,500,000$15,500,000
66$17,086,520$16,265,020$16,024,770$17,910,554
67$18,790,340$17,023,001$16,522,594$19,232,595
68$20,666,721$17,816,894$17,035,868$20,665,344
69$22,733,225$18,648,421$17,565,068$22,222,770
70$25,009,206$19,519,385$18,110,690$23,916,680
71$27,515,989$20,431,679$18,673,242$25,760,041
72$30,277,072$21,387,283$19,253,248$27,767,102
73$33,318,351$22,388,278$19,851,249$29,953,523
74$36,668,360$23,436,841$20,467,804$32,336,513
75$40,358,544$24,535,258$21,103,486$34,934,987
76$44,423,552$25,685,922$21,758,890$37,769,743
77$48,901,567$26,891,344$22,434,625$40,863,643
78$53,834,664$28,154,157$23,131,321$44,241,829
79$59,269,208$29,477,119$23,849,629$47,931,949
80$65,256,293$30,863,124$24,590,218$51,964,409
81$71,852,222$32,315,205$25,353,778$56,372,656
82$79,119,040$33,836,540$26,141,020$61,193,479
83$87,125,116$35,430,465$26,952,678$66,467,355
84$95,945,794$37,100,474$27,789,509$72,238,813
85$105,664,099$38,850,231$28,652,292$78,556,850
86$116,371,524$40,683,580$29,541,831$85,475,382
87$128,168,892$42,604,548$30,458,954$93,053,741
88$141,167,307$44,617,358$31,404,517$101,357,225
89$155,489,203$46,726,440$32,379,399$110,457,701
90$171,269,502$48,936,436$33,384,510$120,434,271
91$188,656,885$51,252,214$34,420,784$131,374,007
92$207,815,193$53,678,879$35,489,186$143,372,758
93$228,924,982$56,221,783$36,590,713$156,536,042
94$252,185,217$58,886,537$37,726,388$170,980,023
95$277,815,157$61,679,025$38,897,271$186,832,600
96$306,056,423$64,605,418$40,104,450$204,234,586
97$337,175,279$67,672,183$41,349,049$223,341,034
98$371,465,142$70,886,105$42,632,227$244,322,669
99$409,249,357$74,254,295$43,955,177$267,367,491
100$450,884,248$77,784,212$45,319,132$292,682,527