Can I retire at age 66 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,244,325
2 years$650,004$637,898$626,165$614,790$603,756$580,105
3 years$429,031$416,873$405,171$393,902$383,048$360,045
4 years$318,567$306,446$294,860$283,784$273,193$251,016
5 years$252,305$240,257$228,824$217,973$207,677$186,390
6 years$208,146$196,188$184,924$174,315$164,328$143,953
7 years$176,615$164,759$153,672$143,314$133,642$114,186
8 years$152,978$141,229$130,326$120,223$110,869$92,327
9 years$134,604$122,965$112,250$102,403$93,368$75,727
10 years$119,912$108,387$97,862$88,272$79,554$62,800
11 years$107,900$96,491$86,156$76,823$68,419$52,531
12 years$97,897$86,605$76,461$67,384$59,291$44,247
13 years$89,440$78,266$68,313$59,490$51,703$37,480
14 years$82,197$71,141$61,380$52,809$45,322$31,895
15 years$75,925$64,989$55,418$47,096$39,905$27,246
16 years$70,443$59,626$50,244$42,170$35,268$23,349
17 years$65,611$54,913$45,720$37,889$31,271$20,063
18 years$61,320$50,742$41,737$34,146$27,805$17,279
19 years$57,486$47,028$38,208$30,854$24,783$14,910
20 years$54,039$43,700$35,065$27,944$22,137$12,887
21 years$50,925$40,705$32,253$25,361$19,810$11,154
22 years$48,097$37,997$29,726$23,059$17,757$9,666
23 years$45,519$35,538$27,447$21,000$15,940$8,385
24 years$43,160$33,296$25,384$19,153$14,327$7,280
25 years$40,993$31,247$23,511$17,492$12,892$6,326
26 years$38,995$29,367$21,805$15,994$11,613$5,500
27 years$37,149$27,638$20,248$14,639$10,470$4,785
28 years$35,438$26,043$18,823$13,413$9,447$4,165
29 years$33,847$24,569$17,516$12,300$8,530$3,627
30 years$32,366$23,203$16,316$11,288$7,708$3,160
31 years$30,982$21,934$15,211$10,367$6,969$2,754
32 years$29,688$20,754$14,192$9,528$6,304$2,400
33 years$28,475$19,654$13,251$8,762$5,705$2,093
34 years$27,335$18,628$12,381$8,061$5,165$1,825
35 years$26,263$17,668$11,575$7,421$4,678$1,592
36 years$25,253$16,770$10,829$6,835$4,239$1,389
37 years$24,300$15,927$10,135$6,297$3,842$1,212
38 years$23,399$15,137$9,491$5,804$3,483$1,057
39 years$22,546$14,394$8,892$5,352$3,158$923
40 years$21,738$13,694$8,335$4,936$2,865$805
41 years$20,971$13,036$7,815$4,554$2,599$703
42 years$20,243$12,415$7,331$4,203$2,358$614
43 years$19,551$11,829$6,879$3,880$2,140$536
44 years$18,891$11,275$6,457$3,582$1,943$468
45 years$18,263$10,752$6,063$3,309$1,764$408
46 years$17,664$10,257$5,695$3,056$1,601$357
47 years$17,093$9,788$5,350$2,823$1,454$311
48 years$16,546$9,344$5,028$2,609$1,320$272
49 years$16,024$8,923$4,726$2,411$1,199$237
50 years$15,524$8,524$4,443$2,229$1,089$207

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $15,900,000, adding $3,271 every year, while hoping to spend $41,794 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: 30/45/25 Blend
65$15,900,000$15,900,000$15,900,000$15,900,000
66$17,525,174$16,682,474$16,436,024$17,915,236
67$19,268,273$17,455,447$16,942,162$18,990,080
68$21,187,768$18,264,894$17,463,856$20,141,642
69$23,301,606$19,112,560$18,001,581$21,379,641
70$25,629,565$20,000,271$18,555,829$22,711,603
71$28,193,439$20,929,942$19,127,107$24,145,769
72$31,017,242$21,903,582$19,715,938$25,691,161
73$34,127,438$22,923,294$20,322,858$27,357,659
74$37,553,186$23,991,285$20,948,424$29,156,090
75$41,326,620$25,109,867$21,593,205$31,098,315
76$45,483,149$26,281,464$22,257,791$33,197,338
77$50,061,792$27,508,618$22,942,789$35,467,415
78$55,105,547$28,793,992$23,648,824$37,924,180
79$60,661,794$30,140,379$24,376,542$40,584,781
80$66,782,746$31,550,707$25,126,605$43,468,035
81$73,525,940$33,028,045$25,899,699$46,594,588
82$80,954,776$34,575,610$26,696,530$49,987,103
83$89,139,123$36,196,775$27,517,824$53,670,457
84$98,155,973$37,895,076$28,364,330$57,671,967
85$108,090,168$39,674,221$29,236,821$62,021,632
86$119,035,204$41,538,096$30,136,093$66,752,401
87$131,094,108$43,490,776$31,062,965$71,900,472
88$144,380,415$45,536,532$32,018,283$77,505,614
89$159,019,239$47,679,844$33,002,917$83,611,528
90$175,148,452$49,925,407$34,017,765$90,266,244
91$192,919,986$52,278,143$35,063,752$97,522,554
92$212,501,267$54,743,215$36,141,831$105,438,492
93$234,076,798$57,326,035$37,252,984$114,077,862
94$257,849,896$60,032,274$38,398,223$123,510,821
95$284,044,613$62,867,884$39,578,591$133,814,519
96$312,907,854$65,839,100$40,795,164$145,073,805
97$344,711,702$68,952,463$42,049,049$157,382,002
98$379,755,990$72,214,828$43,341,387$170,841,768
99$418,371,132$75,633,386$44,673,355$185,566,036
100$460,921,240$79,215,675$46,046,164$201,679,051