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

Use the below retirement simulation to view the chances of a successful retirement.
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%18%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,211,380
2 years$641,827$629,874$618,289$607,057$596,162$555,679
3 years$423,635$411,630$400,074$388,947$378,230$339,094
4 years$314,560$302,591$291,151$280,215$269,757$232,268
5 years$249,132$237,235$225,945$215,232$205,065$169,324
6 years$205,527$193,720$182,598$172,122$162,261$128,297
7 years$174,394$162,686$151,739$141,511$131,961$99,772
8 years$151,054$139,452$128,687$118,710$109,475$79,036
9 years$132,910$121,418$110,838$101,115$92,194$63,470
10 years$118,404$107,024$96,631$87,162$78,553$51,501
11 years$106,543$95,277$85,073$75,857$67,559$42,127
12 years$96,666$85,516$75,500$66,537$58,545$34,679
13 years$88,315$77,281$67,454$58,742$51,052$28,693
14 years$81,163$70,247$60,608$52,145$44,752$23,838
15 years$74,970$64,171$54,721$46,504$39,403$19,870
16 years$69,557$58,876$49,612$41,639$34,825$16,608
17 years$64,785$54,223$45,145$37,412$30,878$13,913
18 years$60,549$50,104$41,212$33,716$27,455$11,677
19 years$56,763$46,436$37,727$30,465$24,472$9,816
20 years$53,359$43,151$34,624$27,592$21,858$8,262
21 years$50,284$40,193$31,848$25,042$19,561$6,961
22 years$47,492$37,519$29,353$22,769$17,533$5,871
23 years$44,947$35,091$27,102$20,736$15,739$4,955
24 years$42,617$32,878$25,065$18,912$14,147$4,184
25 years$40,477$30,854$23,215$17,272$12,730$3,536
26 years$38,505$28,998$21,531$15,792$11,467$2,989
27 years$36,682$27,290$19,993$14,455$10,338$2,528
28 years$34,992$25,716$18,586$13,244$9,328$2,138
29 years$33,421$24,260$17,296$12,145$8,423$1,810
30 years$31,958$22,911$16,111$11,146$7,611$1,532
31 years$30,592$21,658$15,019$10,237$6,881$1,297
32 years$29,314$20,493$14,013$9,408$6,224$1,098
33 years$28,116$19,407$13,084$8,651$5,633$930
34 years$26,991$18,394$12,225$7,960$5,100$787
35 years$25,933$17,446$11,430$7,328$4,619$667
36 years$24,935$16,559$10,692$6,749$4,185$565
37 years$23,994$15,727$10,008$6,218$3,793$478
38 years$23,104$14,946$9,372$5,731$3,439$405
39 years$22,262$14,213$8,780$5,284$3,119$343
40 years$21,464$13,522$8,230$4,874$2,829$291
41 years$20,707$12,872$7,717$4,497$2,566$247
42 years$19,988$12,259$7,239$4,150$2,329$209
43 years$19,305$11,680$6,793$3,831$2,113$177
44 years$18,654$11,133$6,376$3,537$1,918$150
45 years$18,034$10,617$5,987$3,267$1,741$127
46 years$17,442$10,128$5,623$3,018$1,581$108
47 years$16,878$9,665$5,283$2,788$1,436$91
48 years$16,338$9,227$4,964$2,576$1,304$77
49 years$15,822$8,811$4,666$2,381$1,184$66
50 years$15,329$8,417$4,387$2,201$1,076$56

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 $6,345 every year, while hoping to spend $23,237 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: 56/36/8 Blend
65$15,700,000$15,700,000$15,700,000$15,700,000
66$17,307,945$16,475,845$16,232,495$18,244,613
67$19,048,631$17,258,437$16,751,559$19,659,701
68$20,966,089$18,078,598$17,287,234$21,197,078
69$23,078,324$18,938,143$17,840,050$22,870,948
70$25,405,178$19,838,977$18,410,557$24,694,321
71$27,968,517$20,783,098$18,999,321$26,681,491
72$30,792,434$21,772,598$19,606,927$28,848,168
73$33,903,482$22,809,675$20,233,979$31,211,614
74$37,330,918$23,896,630$20,881,098$33,790,808
75$41,106,986$25,035,879$21,548,929$36,606,611
76$45,267,214$26,229,952$22,238,133$39,681,962
77$49,850,755$27,481,506$22,949,397$43,042,081
78$54,900,756$28,793,324$23,683,425$46,714,704
79$60,464,762$30,168,325$24,440,949$50,730,336
80$66,595,166$31,609,572$25,222,719$55,122,527
81$73,349,706$33,120,274$26,029,513$59,928,187
82$80,792,007$34,703,798$26,862,133$65,187,916
83$88,992,182$36,363,675$27,721,405$70,946,384
84$98,027,497$38,103,606$28,608,183$77,252,743
85$107,983,093$39,927,475$29,523,349$84,161,075
86$118,952,800$41,839,352$30,467,812$91,730,895
87$131,040,012$43,843,507$31,442,511$100,027,701
88$144,358,672$45,944,418$32,448,414$109,123,581
89$159,034,342$48,146,779$33,486,521$119,097,876
90$175,205,389$50,455,516$34,557,864$130,037,922
91$193,024,293$52,875,791$35,663,507$142,039,855
92$212,659,087$55,413,020$36,804,550$155,209,506
93$234,294,938$58,072,882$37,982,127$169,663,386
94$258,135,902$60,861,334$39,197,408$185,529,767
95$284,406,844$63,784,620$40,451,602$202,949,877
96$313,355,567$66,849,291$41,745,955$222,079,216
97$345,255,145$70,062,217$43,081,755$243,089,005
98$380,406,506$73,430,601$44,460,330$266,167,783
99$419,141,268$76,961,999$45,883,050$291,523,165
100$461,824,875$80,664,335$47,351,329$319,383,782