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%13.9%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,231,707
2 years$641,827$629,874$618,289$607,057$596,162$575,833
3 years$423,635$411,630$400,074$388,947$378,230$358,438
4 years$314,560$302,591$291,151$280,215$269,757$250,654
5 years$249,132$237,235$225,945$215,232$205,065$186,707
6 years$205,527$193,720$182,598$172,122$162,261$144,668
7 years$174,394$162,686$151,739$141,511$131,961$115,140
8 years$151,054$139,452$128,687$118,710$109,475$93,422
9 years$132,910$121,418$110,838$101,115$92,194$76,900
10 years$118,404$107,024$96,631$87,162$78,553$64,007
11 years$106,543$95,277$85,073$75,857$67,559$53,744
12 years$96,666$85,516$75,500$66,537$58,545$45,444
13 years$88,315$77,281$67,454$58,742$51,052$38,646
14 years$81,163$70,247$60,608$52,145$44,752$33,020
15 years$74,970$64,171$54,721$46,504$39,403$28,324
16 years$69,557$58,876$49,612$41,639$34,825$24,375
17 years$64,785$54,223$45,145$37,412$30,878$21,035
18 years$60,549$50,104$41,212$33,716$27,455$18,195
19 years$56,763$46,436$37,727$30,465$24,472$15,770
20 years$53,359$43,151$34,624$27,592$21,858$13,692
21 years$50,284$40,193$31,848$25,042$19,561$11,905
22 years$47,492$37,519$29,353$22,769$17,533$10,364
23 years$44,947$35,091$27,102$20,736$15,739$9,032
24 years$42,617$32,878$25,065$18,912$14,147$7,879
25 years$40,477$30,854$23,215$17,272$12,730$6,879
26 years$38,505$28,998$21,531$15,792$11,467$6,010
27 years$36,682$27,290$19,993$14,455$10,338$5,254
28 years$34,992$25,716$18,586$13,244$9,328$4,596
29 years$33,421$24,260$17,296$12,145$8,423$4,022
30 years$31,958$22,911$16,111$11,146$7,611$3,521
31 years$30,592$21,658$15,019$10,237$6,881$3,083
32 years$29,314$20,493$14,013$9,408$6,224$2,701
33 years$28,116$19,407$13,084$8,651$5,633$2,367
34 years$26,991$18,394$12,225$7,960$5,100$2,075
35 years$25,933$17,446$11,430$7,328$4,619$1,819
36 years$24,935$16,559$10,692$6,749$4,185$1,595
37 years$23,994$15,727$10,008$6,218$3,793$1,399
38 years$23,104$14,946$9,372$5,731$3,439$1,227
39 years$22,262$14,213$8,780$5,284$3,119$1,076
40 years$21,464$13,522$8,230$4,874$2,829$944
41 years$20,707$12,872$7,717$4,497$2,566$828
42 years$19,988$12,259$7,239$4,150$2,329$727
43 years$19,305$11,680$6,793$3,831$2,113$638
44 years$18,654$11,133$6,376$3,537$1,918$560
45 years$18,034$10,617$5,987$3,267$1,741$491
46 years$17,442$10,128$5,623$3,018$1,581$431
47 years$16,878$9,665$5,283$2,788$1,436$378
48 years$16,338$9,227$4,964$2,576$1,304$332
49 years$15,822$8,811$4,666$2,381$1,184$291
50 years$15,329$8,417$4,387$2,201$1,076$256

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 $6,973 every year, while hoping to spend $23,748 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: 66/23/11 Blend
65$15,700,000$15,700,000$15,700,000$15,700,000
66$17,308,593$16,476,493$16,233,143$18,409,042
67$19,048,801$17,258,573$16,751,685$19,925,044
68$20,965,716$18,078,180$17,286,803$21,577,901
69$23,077,334$18,937,126$17,839,026$23,383,808
70$25,403,490$19,837,313$18,408,902$25,357,713
71$27,966,041$20,780,737$18,996,995$27,516,057
72$30,789,072$21,769,487$19,603,889$29,876,927
73$33,899,121$22,805,756$20,230,183$32,460,226
74$37,325,437$23,891,844$20,876,500$35,287,850
75$41,100,249$25,030,161$21,543,480$38,383,895
76$45,259,071$26,223,236$22,231,783$41,774,876
77$49,841,041$27,473,719$22,942,093$45,489,977
78$54,889,286$28,784,390$23,675,112$49,561,315
79$60,451,333$30,158,165$24,431,568$54,024,243
80$66,579,554$31,598,100$25,212,210$58,917,676
81$73,331,662$33,107,401$26,017,813$64,284,451
82$80,771,257$34,689,428$26,849,175$70,171,728
83$88,968,423$36,347,708$27,707,120$76,631,423
84$98,000,392$38,085,936$28,592,498$83,720,699
85$107,952,274$39,907,988$29,506,189$91,502,492
86$118,917,856$41,817,931$30,449,097$100,046,101
87$131,000,494$43,820,025$31,422,158$109,427,830
88$144,314,080$45,918,742$32,426,336$119,731,707
89$158,984,126$48,118,770$33,462,628$131,050,262
90$175,148,941$50,425,025$34,532,060$143,485,393
91$192,960,943$52,842,661$35,635,695$157,149,322
92$212,588,095$55,377,086$36,774,625$172,165,640
93$234,215,487$58,033,970$37,949,982$188,670,464
94$258,047,090$60,819,259$39,162,930$206,813,713
95$284,307,679$63,739,187$40,414,673$226,760,511
96$313,244,950$66,800,296$41,706,453$248,692,733
97$345,131,867$70,009,442$43,039,551$272,810,710
98$380,269,231$73,373,819$44,415,290$299,335,108
99$418,988,525$76,900,968$45,835,034$328,508,995
100$461,655,039$80,598,800$47,300,192$360,600,123