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

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,243,306
2 years$650,004$637,898$626,165$614,790$603,756$579,090
3 years$429,031$416,873$405,171$393,902$383,048$359,066
4 years$318,567$306,446$294,860$283,784$273,193$250,081
5 years$252,305$240,257$228,824$217,973$207,677$185,501
6 years$208,146$196,188$184,924$174,315$164,328$143,111
7 years$176,615$164,759$153,672$143,314$133,642$113,391
8 years$152,978$141,229$130,326$120,223$110,869$91,577
9 years$134,604$122,965$112,250$102,403$93,368$75,023
10 years$119,912$108,387$97,862$88,272$79,554$62,139
11 years$107,900$96,491$86,156$76,823$68,419$51,913
12 years$97,897$86,605$76,461$67,384$59,291$43,670
13 years$89,440$78,266$68,313$59,490$51,703$36,942
14 years$82,197$71,141$61,380$52,809$45,322$31,394
15 years$75,925$64,989$55,418$47,096$39,905$26,781
16 years$70,443$59,626$50,244$42,170$35,268$22,919
17 years$65,611$54,913$45,720$37,889$31,271$19,665
18 years$61,320$50,742$41,737$34,146$27,805$16,912
19 years$57,486$47,028$38,208$30,854$24,783$14,572
20 years$54,039$43,700$35,065$27,944$22,137$12,576
21 years$50,925$40,705$32,253$25,361$19,810$10,868
22 years$48,097$37,997$29,726$23,059$17,757$9,403
23 years$45,519$35,538$27,447$21,000$15,940$8,145
24 years$43,160$33,296$25,384$19,153$14,327$7,060
25 years$40,993$31,247$23,511$17,492$12,892$6,125
26 years$38,995$29,367$21,805$15,994$11,613$5,317
27 years$37,149$27,638$20,248$14,639$10,470$4,619
28 years$35,438$26,043$18,823$13,413$9,447$4,014
29 years$33,847$24,569$17,516$12,300$8,530$3,490
30 years$32,366$23,203$16,316$11,288$7,708$3,035
31 years$30,982$21,934$15,211$10,367$6,969$2,640
32 years$29,688$20,754$14,192$9,528$6,304$2,298
33 years$28,475$19,654$13,251$8,762$5,705$2,000
34 years$27,335$18,628$12,381$8,061$5,165$1,741
35 years$26,263$17,668$11,575$7,421$4,678$1,516
36 years$25,253$16,770$10,829$6,835$4,239$1,321
37 years$24,300$15,927$10,135$6,297$3,842$1,150
38 years$23,399$15,137$9,491$5,804$3,483$1,002
39 years$22,546$14,394$8,892$5,352$3,158$873
40 years$21,738$13,694$8,335$4,936$2,865$761
41 years$20,971$13,036$7,815$4,554$2,599$663
42 years$20,243$12,415$7,331$4,203$2,358$578
43 years$19,551$11,829$6,879$3,880$2,140$503
44 years$18,891$11,275$6,457$3,582$1,943$439
45 years$18,263$10,752$6,063$3,309$1,764$382
46 years$17,664$10,257$5,695$3,056$1,601$333
47 years$17,093$9,788$5,350$2,823$1,454$290
48 years$16,546$9,344$5,028$2,609$1,320$253
49 years$16,024$8,923$4,726$2,411$1,199$221
50 years$15,524$8,524$4,443$2,229$1,089$192

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 $5,562 every year, while hoping to spend $31,879 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: 55/37/8 Blend
65$15,900,000$15,900,000$15,900,000$15,900,000
66$17,527,537$16,684,837$16,438,387$18,458,011
67$19,281,427$17,468,475$16,955,154$19,870,973
68$21,213,145$18,289,443$17,488,164$21,404,581
69$23,340,796$19,149,536$18,037,928$23,073,518
70$25,684,331$20,050,637$18,604,973$24,890,649
71$28,265,734$20,994,719$19,189,840$26,870,111
72$31,109,230$21,983,852$19,793,091$29,027,436
73$34,241,515$23,020,204$20,415,303$31,379,694
74$37,692,007$24,106,051$21,057,073$33,945,647
75$41,493,121$25,243,777$21,719,014$36,745,919
76$45,680,579$26,435,882$22,401,761$39,803,184
77$50,293,746$27,684,988$23,105,967$43,142,372
78$55,375,998$28,993,843$23,832,308$46,790,897
79$60,975,138$30,365,329$24,581,478$50,778,907
80$67,143,839$31,802,467$25,354,195$55,139,561
81$73,940,149$33,308,426$26,151,199$59,909,332
82$81,428,033$34,886,528$26,973,253$65,128,342
83$89,677,980$36,540,256$27,821,145$70,840,731
84$98,767,667$38,273,261$28,695,686$77,095,063
85$108,782,692$40,089,374$29,597,714$83,944,776
86$119,817,382$41,992,608$30,528,093$91,448,672
87$131,975,684$43,987,176$31,487,713$99,671,459
88$145,372,146$46,077,490$32,477,494$108,684,357
89$160,132,999$48,268,180$33,498,383$118,565,747
90$176,397,344$50,564,100$34,551,359$129,401,904
91$194,318,472$52,970,340$35,637,428$141,287,798
92$214,065,306$55,492,236$36,757,632$154,327,969
93$235,823,997$58,135,386$37,913,042$168,637,505
94$259,799,681$60,905,656$39,104,766$184,343,108
95$286,218,417$63,809,202$40,333,944$201,584,275
96$315,329,318$66,852,475$41,601,753$220,514,596
97$347,406,904$70,042,242$42,909,407$241,303,184
98$382,753,694$73,385,598$44,258,159$264,136,254
99$421,703,063$76,889,985$45,649,300$289,218,858
100$464,622,385$80,563,204$47,084,161$316,776,802