Can I retire at age 66 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,232,964
2 years$645,915$633,886$622,227$610,924$599,959$572,939
3 years$426,333$414,251$402,622$391,425$380,639$354,391
4 years$316,563$304,519$293,006$281,999$271,475$246,202
5 years$250,719$238,746$227,385$216,603$206,371$182,145
6 years$206,836$194,954$183,761$173,219$163,294$140,141
7 years$175,504$163,722$152,706$142,413$132,802$110,725
8 years$152,016$140,340$129,507$119,467$110,172$89,165
9 years$133,757$122,191$111,544$101,759$92,781$72,828
10 years$119,158$107,706$97,247$87,717$79,054$60,136
11 years$107,222$95,884$85,614$76,340$67,989$50,081
12 years$97,282$86,060$75,981$66,961$58,918$41,992
13 years$88,877$77,773$67,884$59,116$51,377$35,405
14 years$81,680$70,694$60,994$52,477$45,037$29,986
15 years$75,448$64,580$55,069$46,800$39,654$25,491
16 years$70,000$59,251$49,928$41,904$35,047$21,738
17 years$65,198$54,568$45,433$37,651$31,075$18,585
18 years$60,935$50,423$41,474$33,931$27,630$15,925
19 years$57,124$46,732$37,968$30,659$24,627$13,670
20 years$53,699$43,425$34,845$27,768$21,998$11,753
21 years$50,604$40,449$32,051$25,201$19,685$10,119
22 years$47,795$37,758$29,540$22,914$17,645$8,722
23 years$45,233$35,314$27,275$20,868$15,839$7,525
24 years$42,889$33,087$25,224$19,033$14,237$6,497
25 years$40,735$31,051$23,363$17,382$12,811$5,614
26 years$38,750$29,182$21,668$15,893$11,540$4,854
27 years$36,915$27,464$20,120$14,547$10,404$4,200
28 years$35,215$25,879$18,705$13,328$9,388$3,635
29 years$33,634$24,414$17,406$12,222$8,477$3,147
30 years$32,162$23,057$16,213$11,217$7,659$2,726
31 years$30,787$21,796$15,115$10,302$6,925$2,362
32 years$29,501$20,624$14,103$9,468$6,264$2,047
33 years$28,295$19,531$13,168$8,707$5,669$1,774
34 years$27,163$18,511$12,303$8,011$5,133$1,538
35 years$26,098$17,557$11,503$7,374$4,649$1,334
36 years$25,094$16,664$10,760$6,792$4,212$1,157
37 years$24,147$15,827$10,072$6,258$3,817$1,003
38 years$23,251$15,042$9,432$5,768$3,461$870
39 years$22,404$14,303$8,836$5,318$3,138$755
40 years$21,601$13,608$8,282$4,905$2,847$655
41 years$20,839$12,954$7,766$4,526$2,583$568
42 years$20,116$12,337$7,285$4,177$2,343$493
43 years$19,428$11,754$6,836$3,856$2,127$428
44 years$18,773$11,204$6,417$3,560$1,930$371
45 years$18,149$10,684$6,025$3,288$1,753$322
46 years$17,553$10,192$5,659$3,037$1,591$280
47 years$16,985$9,727$5,316$2,806$1,445$243
48 years$16,442$9,285$4,996$2,593$1,312$211
49 years$15,923$8,867$4,696$2,396$1,192$183
50 years$15,426$8,470$4,415$2,215$1,082$159

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $15,800,000, adding $2,194 every year, while hoping to spend $34,381 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: 78/17/5 Blend
65$15,800,000$15,800,000$15,800,000$15,800,000
66$17,413,863$16,576,463$16,331,563$18,768,072
67$19,153,496$17,352,129$16,842,089$20,431,576
68$21,069,419$18,164,650$17,368,566$22,250,632
69$23,179,578$19,015,795$17,911,491$24,244,387
70$25,503,747$19,907,421$18,471,378$26,430,195
71$28,063,716$20,841,472$19,048,756$28,827,161
72$30,883,498$21,819,987$19,644,172$31,456,316
73$33,989,552$22,845,104$20,258,189$34,340,815
74$37,411,036$23,919,063$20,891,388$37,506,149
75$41,180,079$25,044,214$21,544,367$40,980,387
76$45,332,087$26,223,022$22,217,744$44,794,434
77$49,906,078$27,458,067$22,912,155$48,982,319
78$54,945,044$28,752,058$23,628,259$53,581,515
79$60,496,363$30,107,835$24,366,731$58,633,289
80$66,612,246$31,528,372$25,128,270$64,183,083
81$73,350,224$33,016,791$25,913,596$70,280,946
82$80,773,697$34,576,364$26,723,451$76,981,993
83$88,952,529$36,210,521$27,558,602$84,346,930
84$97,963,710$37,922,859$28,419,838$92,442,616
85$107,892,078$39,717,149$29,307,972$101,342,689
86$118,831,127$41,597,346$30,223,846$111,128,261
87$130,883,881$43,567,595$31,168,324$121,888,673
88$144,163,873$45,632,244$32,142,299$133,722,334
89$158,796,215$47,795,850$33,146,693$146,737,646
90$174,918,775$50,063,194$34,182,454$161,054,016
91$192,683,485$52,439,285$35,250,561$176,802,984
92$212,257,770$54,929,380$36,352,024$194,129,450
93$233,826,130$57,538,986$37,487,884$213,193,040
94$257,591,882$60,273,883$38,659,215$234,169,604
95$283,779,078$63,140,128$39,867,123$257,252,865
96$312,634,622$66,144,072$41,112,750$282,656,243
97$344,430,599$69,292,378$42,397,273$310,614,862
98$379,466,844$72,592,028$43,721,905$341,387,756
99$418,073,773$76,050,348$45,087,899$375,260,307
100$460,615,499$79,675,016$46,496,545$412,546,931