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%18.8%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,215,211
2 years$645,915$633,886$622,227$610,924$599,959$555,398
3 years$426,333$414,251$402,622$391,425$380,639$337,620
4 years$316,563$304,519$293,006$281,999$271,475$230,327
5 years$250,719$238,746$227,385$216,603$206,371$167,202
6 years$206,836$194,954$183,761$173,219$163,294$126,134
7 years$175,504$163,722$152,706$142,413$132,802$97,642
8 years$152,016$140,340$129,507$119,467$110,172$76,984
9 years$133,757$122,191$111,544$101,759$92,781$61,521
10 years$119,158$107,706$97,247$87,717$79,054$49,668
11 years$107,222$95,884$85,614$76,340$67,989$40,418
12 years$97,282$86,060$75,981$66,961$58,918$33,095
13 years$88,877$77,773$67,884$59,116$51,377$27,234
14 years$81,680$70,694$60,994$52,477$45,037$22,500
15 years$75,448$64,580$55,069$46,800$39,654$18,648
16 years$70,000$59,251$49,928$41,904$35,047$15,497
17 years$65,198$54,568$45,433$37,651$31,075$12,906
18 years$60,935$50,423$41,474$33,931$27,630$10,767
19 years$57,124$46,732$37,968$30,659$24,627$8,996
20 years$53,699$43,425$34,845$27,768$21,998$7,526
21 years$50,604$40,449$32,051$25,201$19,685$6,302
22 years$47,795$37,758$29,540$22,914$17,645$5,282
23 years$45,233$35,314$27,275$20,868$15,839$4,430
24 years$42,889$33,087$25,224$19,033$14,237$3,717
25 years$40,735$31,051$23,363$17,382$12,811$3,121
26 years$38,750$29,182$21,668$15,893$11,540$2,621
27 years$36,915$27,464$20,120$14,547$10,404$2,203
28 years$35,215$25,879$18,705$13,328$9,388$1,851
29 years$33,634$24,414$17,406$12,222$8,477$1,556
30 years$32,162$23,057$16,213$11,217$7,659$1,309
31 years$30,787$21,796$15,115$10,302$6,925$1,100
32 years$29,501$20,624$14,103$9,468$6,264$926
33 years$28,295$19,531$13,168$8,707$5,669$779
34 years$27,163$18,511$12,303$8,011$5,133$655
35 years$26,098$17,557$11,503$7,374$4,649$551
36 years$25,094$16,664$10,760$6,792$4,212$464
37 years$24,147$15,827$10,072$6,258$3,817$390
38 years$23,251$15,042$9,432$5,768$3,461$328
39 years$22,404$14,303$8,836$5,318$3,138$276
40 years$21,601$13,608$8,282$4,905$2,847$233
41 years$20,839$12,954$7,766$4,526$2,583$196
42 years$20,116$12,337$7,285$4,177$2,343$165
43 years$19,428$11,754$6,836$3,856$2,127$139
44 years$18,773$11,204$6,417$3,560$1,930$117
45 years$18,149$10,684$6,025$3,288$1,753$98
46 years$17,553$10,192$5,659$3,037$1,591$83
47 years$16,985$9,727$5,316$2,806$1,445$70
48 years$16,442$9,285$4,996$2,593$1,312$59
49 years$15,923$8,867$4,696$2,396$1,192$49
50 years$15,426$8,470$4,415$2,215$1,082$42

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 $4,613 every year, while hoping to spend $32,070 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: 75/9/16 Blend
65$15,800,000$15,800,000$15,800,000$15,800,000
66$17,416,358$16,578,958$16,334,058$18,660,429
67$19,158,705$17,357,205$16,847,127$20,262,148
68$21,077,695$18,172,511$17,376,309$22,012,765
69$23,191,315$19,026,658$17,922,109$23,930,660
70$25,519,379$19,921,515$18,485,050$26,032,476
71$28,083,727$20,859,040$19,065,671$28,336,534
72$30,908,421$21,841,287$19,664,525$30,863,009
73$34,019,979$22,870,409$20,282,185$33,634,116
74$37,447,621$23,948,664$20,919,243$36,674,316
75$41,223,547$25,078,417$21,576,306$40,010,546
76$45,383,240$26,262,151$22,254,004$43,672,471
77$49,965,801$27,502,466$22,952,983$47,692,762
78$55,014,318$28,802,092$23,673,913$52,107,398
79$60,576,271$30,163,887$24,417,482$56,956,006
80$66,703,984$31,590,851$25,184,401$62,282,233
81$73,455,115$33,086,128$25,975,403$68,134,151
82$80,893,202$34,653,013$26,791,244$74,564,710
83$89,088,263$36,294,965$27,632,705$81,632,236
84$98,117,454$38,015,607$28,500,589$89,400,974
85$108,065,802$39,818,739$29,395,726$97,941,694
86$119,027,002$41,708,346$30,318,972$107,332,354
87$131,104,308$43,688,606$31,271,209$117,658,833
88$144,411,500$45,763,901$32,253,347$129,015,734
89$159,073,964$47,938,823$33,266,325$141,507,279
90$175,229,873$50,218,190$34,311,112$155,248,283
91$193,031,492$52,607,053$35,388,705$170,365,233
92$212,646,612$55,110,707$36,500,136$186,997,481
93$234,260,141$57,734,706$37,646,465$205,298,553
94$258,075,843$60,484,874$38,828,789$225,437,591
95$284,318,263$63,367,317$40,048,237$247,600,944
96$313,234,849$66,388,438$41,305,975$271,993,927
97$345,098,284$69,554,952$42,603,206$298,842,745
98$380,209,063$72,873,899$43,941,169$328,396,627
99$418,898,332$76,352,664$45,321,142$360,930,172
100$461,531,006$79,998,989$46,744,444$396,745,934