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%12%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,225,636
2 years$633,651$621,850$610,413$599,324$588,568$578,130
3 years$418,238$406,386$394,978$383,993$373,411$363,216
4 years$310,552$298,737$287,443$276,645$266,320$256,445
5 years$245,958$234,213$223,067$212,490$202,452$192,927
6 years$202,909$191,253$180,271$169,930$160,194$151,030
7 years$172,172$160,614$149,806$139,709$130,280$121,482
8 years$149,130$137,676$127,048$117,198$108,080$99,648
9 years$131,217$119,871$109,426$99,827$91,019$82,950
10 years$116,896$105,661$95,400$86,052$77,553$69,842
11 years$105,186$94,064$83,989$74,891$66,698$59,340
12 years$95,434$84,426$74,538$65,689$57,799$50,786
13 years$87,190$76,297$66,595$57,994$50,402$43,727
14 years$80,129$69,352$59,836$51,480$44,182$37,837
15 years$74,015$63,354$54,024$45,911$38,901$32,877
16 years$68,671$58,126$48,980$41,109$34,381$28,668
17 years$63,960$53,532$44,570$36,936$30,485$25,072
18 years$59,778$49,466$40,687$33,287$27,106$21,985
19 years$56,040$45,845$37,247$30,077$24,160$19,320
20 years$52,680$42,601$34,183$27,241$21,580$17,010
21 years$49,644$39,681$31,442$24,723$19,312$15,002
22 years$46,887$37,041$28,979$22,479$17,310$13,250
23 years$44,374$34,644$26,757$20,472$15,539$11,717
24 years$42,074$32,459$24,745$18,671$13,966$10,373
25 years$39,961$30,461$22,919$17,052$12,568$9,192
26 years$38,014$28,628$21,256$15,591$11,320$8,153
27 years$36,214$26,943$19,738$14,271$10,206$7,236
28 years$34,546$25,388$18,349$13,075$9,209$6,427
29 years$32,996$23,951$17,076$11,990$8,316$5,712
30 years$31,551$22,619$15,905$11,004$7,514$5,079
31 years$30,203$21,382$14,828$10,106$6,793$4,518
32 years$28,941$20,232$13,835$9,288$6,145$4,020
33 years$27,758$19,160$12,918$8,541$5,561$3,579
34 years$26,647$18,159$12,070$7,859$5,035$3,187
35 years$25,602$17,224$11,284$7,234$4,560$2,839
36 years$24,618$16,348$10,556$6,663$4,132$2,530
37 years$23,688$15,527$9,880$6,139$3,745$2,255
38 years$22,810$14,756$9,252$5,658$3,395$2,010
39 years$21,979$14,031$8,669$5,217$3,079$1,792
40 years$21,191$13,350$8,125$4,812$2,793$1,598
41 years$20,444$12,708$7,619$4,440$2,534$1,425
42 years$19,734$12,102$7,147$4,097$2,299$1,271
43 years$19,059$11,531$6,706$3,782$2,086$1,134
44 years$18,416$10,992$6,295$3,492$1,894$1,011
45 years$17,804$10,482$5,911$3,225$1,719$902
46 years$17,220$9,999$5,551$2,979$1,561$805
47 years$16,663$9,542$5,216$2,752$1,417$718
48 years$16,130$9,109$4,901$2,543$1,287$641
49 years$15,621$8,699$4,607$2,351$1,169$572
50 years$15,133$8,309$4,331$2,173$1,062$511

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 $3,774 every year, while hoping to spend $51,180 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: 67/5/28 Blend
65$15,500,000$15,500,000$15,500,000$15,500,000
66$17,084,893$16,263,393$16,023,143$18,103,940
67$18,773,097$17,005,844$16,505,463$19,533,601
68$20,631,782$17,782,960$17,002,226$21,090,594
69$22,678,284$18,596,385$17,513,860$22,792,471
70$24,931,704$19,447,843$18,040,810$24,653,555
71$27,413,091$20,339,140$18,583,529$26,689,613
72$30,145,636$21,272,168$19,142,488$28,918,006
73$33,154,899$22,248,912$19,718,169$31,357,846
74$36,469,040$23,271,450$20,311,069$34,030,180
75$40,119,092$24,341,961$20,921,700$36,958,183
76$44,139,251$25,462,729$21,550,589$40,167,375
77$48,567,199$26,636,147$22,198,277$43,685,862
78$53,444,458$27,864,723$22,865,325$47,544,594
79$58,816,785$29,151,087$23,552,305$51,777,660
80$64,734,601$30,497,994$24,259,811$56,422,603
81$71,253,466$31,908,332$24,988,451$61,520,774
82$78,434,608$33,385,128$25,738,853$67,117,720
83$86,345,495$34,931,556$26,511,661$73,263,608
84$95,060,475$36,550,942$27,307,541$80,013,701
85$104,661,477$38,246,772$28,127,177$87,428,870
86$115,238,783$40,022,699$28,971,273$95,576,171
87$126,891,883$41,882,555$29,840,554$104,529,470
88$139,730,409$43,830,354$30,735,767$114,370,142
89$153,875,174$45,870,305$31,657,679$125,187,830
90$169,459,312$48,006,820$32,607,081$137,081,292
91$186,629,531$50,244,524$33,584,788$150,159,329
92$205,547,502$52,588,264$34,591,637$164,541,804
93$226,391,381$55,043,123$35,628,490$180,360,775
94$249,357,494$57,614,428$36,696,237$197,761,732
95$274,662,187$60,307,764$37,795,790$216,904,971
96$302,543,872$63,128,986$38,928,090$237,967,100
97$333,265,272$66,084,231$40,094,106$261,142,700
98$367,115,905$69,179,933$41,294,834$286,646,162
99$404,414,816$72,422,839$42,531,300$314,713,699
100$445,513,589$75,820,020$43,804,560$345,605,575