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%18.5%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,208,964
2 years$641,827$629,874$618,289$607,057$596,162$553,301
3 years$423,635$411,630$400,074$388,947$378,230$336,831
4 years$314,560$302,591$291,151$280,215$269,757$230,137
5 years$249,132$237,235$225,945$215,232$205,065$167,329
6 years$205,527$193,720$182,598$172,122$162,261$126,438
7 years$174,394$162,686$151,739$141,511$131,961$98,046
8 years$151,054$139,452$128,687$118,710$109,475$77,439
9 years$132,910$121,418$110,838$101,115$92,194$61,998
10 years$118,404$107,024$96,631$87,162$78,553$50,149
11 years$106,543$95,277$85,073$75,857$67,559$40,888
12 years$96,666$85,516$75,500$66,537$58,545$33,548
13 years$88,315$77,281$67,454$58,742$51,052$27,662
14 years$81,163$70,247$60,608$52,145$44,752$22,902
15 years$74,970$64,171$54,721$46,504$39,403$19,022
16 years$69,557$58,876$49,612$41,639$34,825$15,842
17 years$64,785$54,223$45,145$37,412$30,878$13,223
18 years$60,549$50,104$41,212$33,716$27,455$11,056
19 years$56,763$46,436$37,727$30,465$24,472$9,259
20 years$53,359$43,151$34,624$27,592$21,858$7,763
21 years$50,284$40,193$31,848$25,042$19,561$6,516
22 years$47,492$37,519$29,353$22,769$17,533$5,474
23 years$44,947$35,091$27,102$20,736$15,739$4,602
24 years$42,617$32,878$25,065$18,912$14,147$3,871
25 years$40,477$30,854$23,215$17,272$12,730$3,258
26 years$38,505$28,998$21,531$15,792$11,467$2,743
27 years$36,682$27,290$19,993$14,455$10,338$2,310
28 years$34,992$25,716$18,586$13,244$9,328$1,946
29 years$33,421$24,260$17,296$12,145$8,423$1,640
30 years$31,958$22,911$16,111$11,146$7,611$1,383
31 years$30,592$21,658$15,019$10,237$6,881$1,166
32 years$29,314$20,493$14,013$9,408$6,224$983
33 years$28,116$19,407$13,084$8,651$5,633$829
34 years$26,991$18,394$12,225$7,960$5,100$699
35 years$25,933$17,446$11,430$7,328$4,619$590
36 years$24,935$16,559$10,692$6,749$4,185$497
37 years$23,994$15,727$10,008$6,218$3,793$420
38 years$23,104$14,946$9,372$5,731$3,439$354
39 years$22,262$14,213$8,780$5,284$3,119$299
40 years$21,464$13,522$8,230$4,874$2,829$252
41 years$20,707$12,872$7,717$4,497$2,566$213
42 years$19,988$12,259$7,239$4,150$2,329$179
43 years$19,305$11,680$6,793$3,831$2,113$151
44 years$18,654$11,133$6,376$3,537$1,918$128
45 years$18,034$10,617$5,987$3,267$1,741$108
46 years$17,442$10,128$5,623$3,018$1,581$91
47 years$16,878$9,665$5,283$2,788$1,436$77
48 years$16,338$9,227$4,964$2,576$1,304$65
49 years$15,822$8,811$4,666$2,381$1,184$55
50 years$15,329$8,417$4,387$2,201$1,076$46

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 $3,734 every year, while hoping to spend $59,933 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: 47/43/10 Blend
65$15,700,000$15,700,000$15,700,000$15,700,000
66$17,305,252$16,473,152$16,229,802$18,070,698
67$19,006,619$17,216,568$16,709,732$19,341,731
68$20,879,517$17,994,403$17,203,731$20,713,838
69$22,941,379$18,808,279$17,712,207$22,201,575
70$25,211,414$19,659,899$18,235,580$23,815,702
71$27,710,787$20,551,043$18,774,281$25,568,030
72$30,462,823$21,483,580$19,328,754$27,471,528
73$33,493,220$22,459,465$19,899,457$29,540,436
74$36,830,299$23,480,749$20,486,859$31,790,396
75$40,505,263$24,549,580$21,091,443$34,238,589
76$44,552,500$25,668,209$21,713,707$36,903,893
77$49,009,900$26,838,996$22,354,161$39,807,048
78$53,919,215$28,064,412$23,013,330$42,970,851
79$59,326,455$29,347,048$23,691,757$46,420,355
80$65,282,319$30,689,619$24,389,997$50,183,103
81$71,842,675$32,094,970$25,108,621$54,289,373
82$79,069,087$33,566,083$25,848,218$58,772,457
83$87,029,394$35,106,081$26,609,394$63,668,964
84$95,798,353$36,718,239$27,392,769$69,019,156
85$105,458,342$38,405,991$28,198,985$74,867,313
86$116,100,140$40,172,931$29,028,698$81,262,145
87$127,823,781$42,022,831$29,882,585$88,257,233
88$140,739,498$43,959,641$30,761,343$95,911,526
89$154,968,765$45,987,501$31,665,686$104,289,882
90$170,645,443$48,110,753$32,596,351$113,463,668
91$187,917,043$50,333,945$33,554,093$123,511,415
92$206,946,118$52,661,845$34,539,692$134,519,547
93$227,911,797$55,099,450$35,553,947$146,583,180
94$251,011,476$57,651,999$36,597,680$159,807,002
95$276,462,682$60,324,982$37,671,737$174,306,241
96$304,505,123$63,124,155$38,776,989$190,207,740
97$335,402,957$66,055,549$39,914,328$207,651,129
98$369,447,276$69,125,488$41,084,676$226,790,126
99$406,958,861$72,340,601$42,288,976$247,793,962
100$448,291,210$75,707,835$43,528,202$270,848,963