Can I retire at age 66 with 15,600,000?

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,210,457
2 years$637,739$625,862$614,351$603,190$592,365$558,844
3 years$420,936$409,008$397,526$386,470$375,821$343,338
4 years$312,556$300,664$289,297$278,430$268,038$236,843
5 years$247,545$235,724$224,506$213,861$203,758$173,936
6 years$204,218$192,487$181,434$171,026$161,227$132,807
7 years$173,283$161,650$150,773$140,610$131,121$104,104
8 years$150,092$138,564$127,867$117,954$108,777$83,150
9 years$132,064$120,645$110,132$100,471$91,606$67,344
10 years$117,650$106,342$96,016$86,607$78,053$55,126
11 years$105,864$94,670$84,531$75,374$67,128$45,501
12 years$96,050$84,971$75,019$66,113$58,172$37,804
13 years$87,752$76,789$67,024$58,368$50,727$31,577
14 years$80,646$69,799$60,222$51,813$44,467$26,488
15 years$74,493$63,763$54,372$46,208$39,152$22,299
16 years$69,114$58,501$49,296$41,374$34,603$18,827
17 years$64,373$53,877$44,858$37,174$30,681$15,934
18 years$60,163$49,785$40,949$33,501$27,280$13,513
19 years$56,401$46,140$37,487$30,271$24,316$11,479
20 years$53,019$42,876$34,404$27,417$21,719$9,766
21 years$49,964$39,937$31,645$24,882$19,436$8,318
22 years$47,190$37,280$29,166$22,624$17,422$7,092
23 years$44,661$34,867$26,929$20,604$15,639$6,052
24 years$42,346$32,668$24,905$18,792$14,057$5,168
25 years$40,219$30,657$23,067$17,162$12,649$4,416
26 years$38,260$28,813$21,394$15,692$11,394$3,776
27 years$36,448$27,116$19,866$14,363$10,272$3,229
28 years$34,769$25,552$18,468$13,160$9,269$2,763
29 years$33,209$24,105$17,186$12,068$8,369$2,365
30 years$31,755$22,765$16,008$11,075$7,562$2,025
31 years$30,398$21,520$14,924$10,172$6,837$1,734
32 years$29,128$20,362$13,924$9,348$6,185$1,486
33 years$27,937$19,284$13,001$8,596$5,597$1,273
34 years$26,819$18,277$12,147$7,909$5,068$1,091
35 years$25,768$17,335$11,357$7,281$4,590$935
36 years$24,776$16,453$10,624$6,706$4,159$801
37 years$23,841$15,627$9,944$6,178$3,769$687
38 years$22,957$14,851$9,312$5,695$3,417$589
39 years$22,120$14,122$8,725$5,251$3,099$505
40 years$21,328$13,436$8,177$4,843$2,811$433
41 years$20,576$12,790$7,668$4,468$2,550$371
42 years$19,861$12,181$7,193$4,124$2,314$318
43 years$19,182$11,606$6,749$3,807$2,100$273
44 years$18,535$11,063$6,335$3,515$1,906$234
45 years$17,919$10,549$5,949$3,246$1,730$200
46 years$17,331$10,063$5,587$2,998$1,571$172
47 years$16,770$9,604$5,249$2,770$1,427$147
48 years$16,234$9,168$4,933$2,560$1,296$126
49 years$15,722$8,755$4,636$2,366$1,177$108
50 years$15,231$8,363$4,359$2,187$1,069$93

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $15,600,000, adding $2,403 every year, while hoping to spend $50,388 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: 61/19/20 Blend
65$15,600,000$15,600,000$15,600,000$15,600,000
66$17,193,679$16,366,879$16,125,079$18,152,877
67$18,893,821$17,115,243$16,611,656$19,549,867
68$20,765,690$17,898,589$17,112,846$21,068,031
69$22,826,747$18,718,577$17,629,083$22,723,789
70$25,096,235$19,576,947$18,160,817$24,530,517
71$27,595,358$20,475,524$18,708,511$26,502,925
72$30,347,479$21,416,219$19,272,640$28,657,201
73$33,378,344$22,401,036$19,853,696$31,011,152
74$36,716,324$23,432,075$20,452,184$33,584,371
75$40,392,679$24,511,537$21,068,622$36,398,420
76$44,441,858$25,641,728$21,703,546$39,477,026
77$48,901,820$26,825,066$22,357,508$42,846,302
78$53,814,396$28,064,085$23,031,075$46,534,989
79$59,225,680$29,361,440$23,724,831$50,574,723
80$65,186,464$30,719,915$24,439,378$55,000,327
81$71,752,720$32,142,428$25,175,334$59,850,137
82$78,986,128$33,632,037$25,933,338$65,166,356
83$86,954,654$35,191,948$26,714,046$70,995,447
84$95,733,196$36,825,521$27,518,134$77,388,568
85$105,404,288$38,536,277$28,346,297$84,402,045
86$116,058,880$40,327,909$29,199,253$92,097,902
87$127,797,196$42,204,287$30,077,738$100,544,435
88$140,729,681$44,169,467$30,982,512$109,816,852
89$154,978,039$46,227,702$31,914,358$119,997,976
90$170,676,389$48,383,449$32,874,078$131,179,018
91$187,972,524$50,641,382$33,862,503$143,460,432
92$207,029,309$53,006,398$34,880,485$156,952,851
93$228,026,220$55,483,633$35,928,903$171,778,127
94$251,161,034$58,078,470$37,008,660$188,070,470
95$276,651,697$60,796,552$38,120,688$205,977,705
96$304,738,382$63,643,796$39,265,944$225,662,661
97$335,685,759$66,626,403$40,445,414$247,304,691
98$369,785,486$69,750,877$41,660,115$271,101,362
99$407,358,968$73,024,032$42,911,091$297,270,303
100$448,760,389$76,453,016$44,199,419$326,051,250