Can I retire at age 66 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,203,694
2 years$641,827$629,874$618,289$607,057$596,162$548,130
3 years$423,635$411,630$400,074$388,947$378,230$331,924
4 years$314,560$302,591$291,151$280,215$269,757$225,529
5 years$249,132$237,235$225,945$215,232$205,065$163,030
6 years$205,527$193,720$182,598$172,122$162,261$122,446
7 years$174,394$162,686$151,739$141,511$131,961$94,354
8 years$151,054$139,452$128,687$118,710$109,475$74,039
9 years$132,910$121,418$110,838$101,115$92,194$58,877
10 years$118,404$107,024$96,631$87,162$78,553$47,294
11 years$106,543$95,277$85,073$75,857$67,559$38,286
12 years$96,666$85,516$75,500$66,537$58,545$31,182
13 years$88,315$77,281$67,454$58,742$51,052$25,520
14 years$81,163$70,247$60,608$52,145$44,752$20,966
15 years$74,970$64,171$54,721$46,504$39,403$17,278
16 years$69,557$58,876$49,612$41,639$34,825$14,275
17 years$64,785$54,223$45,145$37,412$30,878$11,819
18 years$60,549$50,104$41,212$33,716$27,455$9,801
19 years$56,763$46,436$37,727$30,465$24,472$8,140
20 years$53,359$43,151$34,624$27,592$21,858$6,768
21 years$50,284$40,193$31,848$25,042$19,561$5,632
22 years$47,492$37,519$29,353$22,769$17,533$4,691
23 years$44,947$35,091$27,102$20,736$15,739$3,909
24 years$42,617$32,878$25,065$18,912$14,147$3,260
25 years$40,477$30,854$23,215$17,272$12,730$2,719
26 years$38,505$28,998$21,531$15,792$11,467$2,269
27 years$36,682$27,290$19,993$14,455$10,338$1,895
28 years$34,992$25,716$18,586$13,244$9,328$1,582
29 years$33,421$24,260$17,296$12,145$8,423$1,321
30 years$31,958$22,911$16,111$11,146$7,611$1,104
31 years$30,592$21,658$15,019$10,237$6,881$922
32 years$29,314$20,493$14,013$9,408$6,224$771
33 years$28,116$19,407$13,084$8,651$5,633$644
34 years$26,991$18,394$12,225$7,960$5,100$538
35 years$25,933$17,446$11,430$7,328$4,619$450
36 years$24,935$16,559$10,692$6,749$4,185$376
37 years$23,994$15,727$10,008$6,218$3,793$314
38 years$23,104$14,946$9,372$5,731$3,439$263
39 years$22,262$14,213$8,780$5,284$3,119$220
40 years$21,464$13,522$8,230$4,874$2,829$184
41 years$20,707$12,872$7,717$4,497$2,566$153
42 years$19,988$12,259$7,239$4,150$2,329$128
43 years$19,305$11,680$6,793$3,831$2,113$107
44 years$18,654$11,133$6,376$3,537$1,918$90
45 years$18,034$10,617$5,987$3,267$1,741$75
46 years$17,442$10,128$5,623$3,018$1,581$63
47 years$16,878$9,665$5,283$2,788$1,436$52
48 years$16,338$9,227$4,964$2,576$1,304$44
49 years$15,822$8,811$4,666$2,381$1,184$37
50 years$15,329$8,417$4,387$2,201$1,076$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $15,700,000, adding $3,131 every year, while hoping to spend $55,032 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: 46/25/29 Blend
65$15,700,000$15,700,000$15,700,000$15,700,000
66$17,304,630$16,472,530$16,229,180$17,955,890
67$19,011,148$17,221,130$16,714,304$19,166,934
68$20,889,887$18,004,567$17,213,835$20,474,604
69$22,958,355$18,824,490$17,728,197$21,892,470
70$25,235,844$19,682,627$18,257,829$23,430,895
71$27,743,613$20,580,789$18,803,179$25,101,265
72$30,505,086$21,520,872$19,364,710$26,916,091
73$33,546,076$22,504,866$19,942,899$28,889,122
74$36,895,025$23,534,853$20,538,235$31,035,470
75$40,583,275$24,613,018$21,151,223$33,371,746
76$44,645,362$25,741,650$21,782,383$35,916,214
77$49,119,344$26,923,146$22,432,248$38,688,954
78$54,047,158$28,160,020$23,101,368$41,712,051
79$59,475,014$29,454,907$23,790,310$45,009,788
80$65,453,835$30,810,567$24,499,655$48,608,880
81$72,039,736$32,229,895$25,230,003$52,538,710
82$79,294,551$33,715,922$25,981,970$56,831,603
83$87,286,420$35,271,827$26,756,192$61,523,126
84$96,090,431$36,900,942$27,553,320$66,652,410
85$105,789,325$38,606,759$28,374,026$72,262,518
86$116,474,284$40,392,938$29,219,004$78,400,836
87$128,245,783$42,263,314$30,088,963$85,119,520
88$141,214,546$44,221,909$30,984,636$92,475,970
89$155,502,585$46,272,938$31,906,776$100,533,368
90$171,244,354$48,420,818$32,856,159$109,361,263
91$188,588,020$50,670,180$33,833,583$119,036,217
92$207,696,858$53,025,878$34,839,867$129,642,516
93$228,750,791$55,493,000$35,875,857$141,272,957
94$251,948,095$58,076,881$36,942,421$154,029,707
95$277,507,263$60,783,110$38,040,454$168,025,259
96$305,669,071$63,617,549$39,170,876$183,383,482
97$336,698,849$66,586,341$40,334,633$200,240,770
98$370,888,987$69,695,928$41,532,700$218,747,325
99$408,561,696$72,953,061$42,766,077$239,068,551
100$450,072,045$76,364,817$44,035,797$261,386,607