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%18.2%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,202,702
2 years$637,739$625,862$614,351$603,190$592,365$551,193
3 years$420,936$409,008$397,526$386,470$375,821$336,033
4 years$312,556$300,664$289,297$278,430$268,038$229,939
5 years$247,545$235,724$224,506$213,861$203,758$167,449
6 years$204,218$192,487$181,434$171,026$161,227$126,738
7 years$173,283$161,650$150,773$140,610$131,121$98,446
8 years$150,092$138,564$127,867$117,954$108,777$77,894
9 years$132,064$120,645$110,132$100,471$91,606$62,477
10 years$117,650$106,342$96,016$86,607$78,053$50,632
11 years$105,864$94,670$84,531$75,374$67,128$41,362
12 years$96,050$84,971$75,019$66,113$58,172$34,004
13 years$87,752$76,789$67,024$58,368$50,727$28,096
14 years$80,646$69,799$60,222$51,813$44,467$23,309
15 years$74,493$63,763$54,372$46,208$39,152$19,402
16 years$69,114$58,501$49,296$41,374$34,603$16,194
17 years$64,373$53,877$44,858$37,174$30,681$13,546
18 years$60,163$49,785$40,949$33,501$27,280$11,352
19 years$56,401$46,140$37,487$30,271$24,316$9,528
20 years$53,019$42,876$34,404$27,417$21,719$8,007
21 years$49,964$39,937$31,645$24,882$19,436$6,736
22 years$47,190$37,280$29,166$22,624$17,422$5,672
23 years$44,661$34,867$26,929$20,604$15,639$4,780
24 years$42,346$32,668$24,905$18,792$14,057$4,030
25 years$40,219$30,657$23,067$17,162$12,649$3,400
26 years$38,260$28,813$21,394$15,692$11,394$2,870
27 years$36,448$27,116$19,866$14,363$10,272$2,423
28 years$34,769$25,552$18,468$13,160$9,269$2,046
29 years$33,209$24,105$17,186$12,068$8,369$1,729
30 years$31,755$22,765$16,008$11,075$7,562$1,461
31 years$30,398$21,520$14,924$10,172$6,837$1,235
32 years$29,128$20,362$13,924$9,348$6,185$1,044
33 years$27,937$19,284$13,001$8,596$5,597$882
34 years$26,819$18,277$12,147$7,909$5,068$746
35 years$25,768$17,335$11,357$7,281$4,590$631
36 years$24,776$16,453$10,624$6,706$4,159$533
37 years$23,841$15,627$9,944$6,178$3,769$451
38 years$22,957$14,851$9,312$5,695$3,417$382
39 years$22,120$14,122$8,725$5,251$3,099$323
40 years$21,328$13,436$8,177$4,843$2,811$273
41 years$20,576$12,790$7,668$4,468$2,550$231
42 years$19,861$12,181$7,193$4,124$2,314$195
43 years$19,182$11,606$6,749$3,807$2,100$165
44 years$18,535$11,063$6,335$3,515$1,906$140
45 years$17,919$10,549$5,949$3,246$1,730$118
46 years$17,331$10,063$5,587$2,998$1,571$100
47 years$16,770$9,604$5,249$2,770$1,427$85
48 years$16,234$9,168$4,933$2,560$1,296$72
49 years$15,722$8,755$4,636$2,366$1,177$61
50 years$15,231$8,363$4,359$2,187$1,069$51

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 $6,244 every year, while hoping to spend $32,348 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: 39/41/20 Blend
65$15,600,000$15,600,000$15,600,000$15,600,000
66$17,197,641$16,370,841$16,129,041$17,765,581
67$18,917,382$17,138,594$16,634,946$18,942,185
68$20,811,453$17,942,883$17,156,714$20,210,057
69$22,897,600$18,785,464$17,694,843$21,580,333
70$25,195,382$19,668,177$18,249,847$23,062,315
71$27,726,347$20,592,954$18,822,253$24,666,206
72$30,514,243$21,561,817$19,412,607$26,403,195
73$33,585,238$22,576,889$20,021,472$28,285,556
74$36,968,169$23,640,393$20,649,428$30,326,760
75$40,694,812$24,754,662$21,297,073$32,541,591
76$44,800,183$25,922,141$21,965,026$34,946,276
77$49,322,869$27,145,393$22,653,921$37,558,635
78$54,305,390$28,427,106$23,364,416$40,398,232
79$59,794,604$29,770,098$24,097,187$43,486,559
80$65,842,144$31,177,323$24,852,934$46,847,222
81$72,504,911$32,651,880$25,632,375$50,506,157
82$79,845,606$34,197,017$26,436,254$54,491,862
83$87,933,326$35,816,139$27,265,337$58,835,656
84$96,844,213$37,512,817$28,120,413$63,571,964
85$106,662,173$39,290,795$29,002,297$68,738,626
86$117,479,670$41,154,000$29,911,830$74,377,242
87$129,398,598$43,106,548$30,849,878$80,533,555
88$142,531,240$45,152,754$31,817,334$87,257,862
89$157,001,333$47,297,145$32,815,121$94,605,480
90$172,945,230$49,544,466$33,844,188$102,637,250
91$190,513,192$51,899,693$34,905,517$111,420,092
92$209,870,804$54,368,044$36,000,118$121,027,626
93$231,200,538$56,954,991$37,129,034$131,540,842
94$254,703,477$59,666,269$38,293,341$143,048,853
95$280,601,210$62,507,895$39,494,147$155,649,709
96$309,137,929$65,486,178$40,732,596$169,451,309
97$340,582,728$68,607,731$42,009,869$184,572,393
98$375,232,148$71,879,491$43,327,181$201,143,644
99$413,412,973$75,308,732$44,685,787$219,308,894
100$455,485,317$78,903,081$46,086,982$239,226,461