Can I retire at age 66 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,267,291
2 years$654,092$641,910$630,104$618,657$607,554$598,909
3 years$431,730$419,495$407,719$396,379$385,457$377,006
4 years$320,570$308,373$296,715$285,569$274,911$266,720
5 years$253,892$241,768$230,263$219,344$208,983$201,076
6 years$209,455$197,422$186,087$175,411$165,361$157,748
7 years$177,726$165,795$154,639$144,215$134,483$127,167
8 years$153,940$142,117$131,146$120,979$111,567$104,549
9 years$135,450$123,738$112,956$103,047$93,955$87,233
10 years$120,667$109,069$98,478$88,828$80,054$73,625
11 years$108,579$97,098$86,698$77,307$68,850$62,708
12 years$98,513$87,150$76,942$67,808$59,664$53,804
13 years$90,002$78,758$68,743$59,865$52,028$46,445
14 years$82,714$71,589$61,766$53,141$45,607$40,294
15 years$76,403$65,398$55,766$47,392$40,156$35,105
16 years$70,886$60,001$50,560$42,435$35,490$30,695
17 years$66,023$55,259$46,008$38,127$31,468$26,920
18 years$61,706$51,062$41,999$34,360$27,980$23,671
19 years$57,847$47,323$38,448$31,048$24,939$20,862
20 years$54,379$43,975$35,286$28,120$22,276$18,421
21 years$51,245$40,961$32,456$25,520$19,935$16,294
22 years$48,400$38,236$29,913$23,204$17,869$14,434
23 years$45,806$35,761$27,620$21,132$16,040$12,803
24 years$43,431$33,506$25,544$19,274$14,417$11,370
25 years$41,250$31,444$23,659$17,602$12,973$10,107
26 years$39,241$29,552$21,942$16,094$11,686$8,992
27 years$37,383$27,812$20,375$14,731$10,536$8,006
28 years$35,661$26,207$18,941$13,497$9,506$7,134
29 years$34,060$24,723$17,627$12,377$8,584$6,360
30 years$32,569$23,348$16,418$11,359$7,756$5,674
31 years$31,177$22,072$15,306$10,433$7,012$5,064
32 years$29,875$20,885$14,281$9,588$6,343$4,521
33 years$28,654$19,778$13,334$8,817$5,741$4,038
34 years$27,507$18,745$12,459$8,112$5,197$3,608
35 years$26,428$17,779$11,648$7,468$4,708$3,225
36 years$25,412$16,875$10,897$6,878$4,265$2,883
37 years$24,452$16,028$10,199$6,337$3,866$2,578
38 years$23,546$15,232$9,551$5,841$3,505$2,306
39 years$22,688$14,484$8,948$5,385$3,178$2,063
40 years$21,875$13,780$8,387$4,967$2,883$1,846
41 years$21,103$13,118$7,864$4,583$2,615$1,652
42 years$20,370$12,493$7,377$4,230$2,373$1,478
43 years$19,674$11,903$6,922$3,904$2,154$1,323
44 years$19,010$11,346$6,498$3,605$1,955$1,185
45 years$18,378$10,820$6,101$3,329$1,775$1,061
46 years$17,776$10,322$5,731$3,075$1,611$950
47 years$17,200$9,850$5,384$2,841$1,463$850
48 years$16,650$9,403$5,059$2,625$1,329$762
49 years$16,125$8,979$4,755$2,426$1,207$682
50 years$15,622$8,577$4,471$2,243$1,096$611

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $16,000,000, adding $4,171 every year, while hoping to spend $55,138 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: 72/6/22 Blend
65$16,000,000$16,000,000$16,000,000$16,000,000
66$17,636,302$16,788,302$16,540,302$18,810,412
67$19,376,539$17,552,263$17,035,736$20,357,189
68$21,292,431$18,351,809$17,545,919$22,043,813
69$23,401,839$19,188,627$18,071,287$23,889,783
70$25,724,439$20,064,483$18,612,288$25,910,926
71$28,281,917$20,981,228$19,169,384$28,124,668
72$31,098,166$21,940,801$19,743,052$30,550,198
73$34,199,514$22,945,235$20,333,779$33,208,645
74$37,614,973$23,996,661$20,942,069$36,123,277
75$41,376,513$25,097,310$21,568,442$39,319,719
76$45,519,362$26,249,523$22,213,429$42,826,190
77$50,082,338$27,455,751$22,877,580$46,673,771
78$55,108,218$28,718,564$23,561,461$50,896,691
79$60,644,139$30,040,656$24,265,652$55,532,654
80$66,742,042$31,424,849$24,990,752$60,623,186
81$73,459,166$32,874,102$25,737,378$66,214,029
82$80,858,583$34,391,516$26,506,163$72,355,566
83$89,009,799$35,980,340$27,297,759$79,103,299
84$97,989,403$37,643,981$28,112,838$86,518,364
85$107,881,795$39,386,010$28,952,092$94,668,111
86$118,779,982$41,210,168$29,816,231$103,626,731
87$130,786,453$43,120,379$30,705,988$113,475,957
88$144,014,148$45,120,754$31,622,115$124,305,830
89$158,587,523$47,215,603$32,565,388$136,215,547
90$174,643,726$49,409,443$33,536,604$149,314,393
91$192,333,891$51,707,011$34,536,585$163,722,768
92$211,824,562$54,113,269$35,566,175$179,573,319
93$233,299,269$56,633,420$36,626,243$197,012,193
94$256,960,258$59,272,921$37,717,685$216,200,406
95$283,030,397$62,037,487$38,841,421$237,315,360
96$311,755,287$64,933,113$39,998,398$260,552,518
97$343,405,573$67,966,083$41,189,591$286,127,239
98$378,279,503$71,142,982$42,416,003$314,276,805
99$416,705,740$74,470,716$43,678,667$345,262,663
100$459,046,467$77,956,523$44,978,645$379,372,880