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%18.5%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,201,263
2 years$637,739$625,862$614,351$603,190$592,365$549,777
3 years$420,936$409,008$397,526$386,470$375,821$334,686
4 years$312,556$300,664$289,297$278,430$268,038$228,671
5 years$247,545$235,724$224,506$213,861$203,758$166,263
6 years$204,218$192,487$181,434$171,026$161,227$125,633
7 years$173,283$161,650$150,773$140,610$131,121$97,421
8 years$150,092$138,564$127,867$117,954$108,777$76,946
9 years$132,064$120,645$110,132$100,471$91,606$61,603
10 years$117,650$106,342$96,016$86,607$78,053$49,829
11 years$105,864$94,670$84,531$75,374$67,128$40,628
12 years$96,050$84,971$75,019$66,113$58,172$33,334
13 years$87,752$76,789$67,024$58,368$50,727$27,486
14 years$80,646$69,799$60,222$51,813$44,467$22,756
15 years$74,493$63,763$54,372$46,208$39,152$18,901
16 years$69,114$58,501$49,296$41,374$34,603$15,741
17 years$64,373$53,877$44,858$37,174$30,681$13,138
18 years$60,163$49,785$40,949$33,501$27,280$10,986
19 years$56,401$46,140$37,487$30,271$24,316$9,200
20 years$53,019$42,876$34,404$27,417$21,719$7,714
21 years$49,964$39,937$31,645$24,882$19,436$6,474
22 years$47,190$37,280$29,166$22,624$17,422$5,439
23 years$44,661$34,867$26,929$20,604$15,639$4,572
24 years$42,346$32,668$24,905$18,792$14,057$3,846
25 years$40,219$30,657$23,067$17,162$12,649$3,237
26 years$38,260$28,813$21,394$15,692$11,394$2,725
27 years$36,448$27,116$19,866$14,363$10,272$2,296
28 years$34,769$25,552$18,468$13,160$9,269$1,934
29 years$33,209$24,105$17,186$12,068$8,369$1,630
30 years$31,755$22,765$16,008$11,075$7,562$1,374
31 years$30,398$21,520$14,924$10,172$6,837$1,158
32 years$29,128$20,362$13,924$9,348$6,185$977
33 years$27,937$19,284$13,001$8,596$5,597$824
34 years$26,819$18,277$12,147$7,909$5,068$695
35 years$25,768$17,335$11,357$7,281$4,590$586
36 years$24,776$16,453$10,624$6,706$4,159$494
37 years$23,841$15,627$9,944$6,178$3,769$417
38 years$22,957$14,851$9,312$5,695$3,417$352
39 years$22,120$14,122$8,725$5,251$3,099$297
40 years$21,328$13,436$8,177$4,843$2,811$250
41 years$20,576$12,790$7,668$4,468$2,550$211
42 years$19,861$12,181$7,193$4,124$2,314$178
43 years$19,182$11,606$6,749$3,807$2,100$150
44 years$18,535$11,063$6,335$3,515$1,906$127
45 years$17,919$10,549$5,949$3,246$1,730$107
46 years$17,331$10,063$5,587$2,998$1,571$90
47 years$16,770$9,604$5,249$2,770$1,427$76
48 years$16,234$9,168$4,933$2,560$1,296$64
49 years$15,722$8,755$4,636$2,366$1,177$54
50 years$15,231$8,363$4,359$2,187$1,069$46

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 $2,532 every year, while hoping to spend $22,832 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: 44/48/8 Blend
65$15,600,000$15,600,000$15,600,000$15,600,000
66$17,193,812$16,367,012$16,125,212$17,911,100
67$18,923,287$17,144,702$16,641,113$19,185,838
68$20,828,405$17,959,734$17,173,532$20,564,051
69$22,927,054$18,813,914$17,722,998$22,057,227
70$25,238,952$19,709,134$18,290,057$23,675,923
71$27,785,823$20,647,380$18,875,272$25,431,721
72$30,591,609$21,630,733$19,479,225$27,337,325
73$33,682,692$22,661,377$20,102,518$29,406,676
74$37,088,143$23,741,602$20,745,769$31,655,076
75$40,839,999$24,873,806$21,409,618$34,099,318
76$44,973,565$26,060,508$22,094,725$36,757,843
77$49,527,742$27,304,346$22,801,772$39,650,901
78$54,545,401$28,608,089$23,531,462$42,800,729
79$60,073,786$29,974,639$24,284,519$46,231,757
80$66,164,956$31,407,040$25,061,694$49,970,822
81$72,876,280$32,908,483$25,863,759$54,047,411
82$80,270,977$34,482,316$26,691,512$58,493,931
83$88,418,715$36,132,048$27,545,776$63,345,996
84$97,396,265$37,861,360$28,427,401$68,642,756
85$107,288,230$39,674,111$29,337,264$74,427,248
86$118,187,837$41,574,350$30,276,270$80,746,790
87$130,197,824$43,566,322$31,245,354$87,653,412
88$143,431,408$45,654,477$32,245,478$95,204,331
89$158,013,349$47,843,484$33,277,639$103,462,475
90$174,081,134$50,138,238$34,342,864$112,497,058
91$191,786,272$52,543,874$35,442,212$122,384,216
92$211,295,723$55,065,775$36,576,777$133,207,706
93$232,793,476$57,709,587$37,747,689$145,059,678
94$256,482,286$60,481,233$38,956,112$158,041,522
95$282,585,587$63,386,921$40,203,249$172,264,801
96$311,349,601$66,433,164$41,490,342$187,852,287
97$343,045,663$69,626,792$42,818,672$204,939,089
98$377,972,783$72,974,967$44,189,560$223,673,908
99$416,460,468$76,485,202$45,604,371$244,220,409
100$458,871,833$80,165,374$47,064,515$266,758,743