Can I retire at age 66 with 16,100,000?

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 $16,100,000?

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$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,258,945
2 years$658,180$645,922$634,042$622,523$611,351$586,374
3 years$434,428$422,117$410,267$398,857$387,866$363,583
4 years$322,574$310,301$298,569$287,354$276,629$253,227
5 years$255,479$243,280$231,702$220,715$210,289$187,834
6 years$210,764$198,656$187,250$176,508$166,395$144,911
7 years$178,837$166,831$155,605$145,117$135,323$114,817
8 years$154,902$143,005$131,966$121,735$112,264$92,729
9 years$136,297$124,512$113,662$103,691$94,542$75,966
10 years$121,421$109,751$99,093$89,383$80,555$62,920
11 years$109,257$97,705$87,240$77,790$69,280$52,566
12 years$99,129$87,694$77,423$68,232$60,036$44,219
13 years$90,565$79,250$69,173$60,239$52,353$37,407
14 years$83,231$72,036$62,152$53,473$45,892$31,789
15 years$76,880$65,806$56,115$47,689$40,407$27,118
16 years$71,329$60,376$50,876$42,700$35,712$23,207
17 years$66,436$55,604$46,295$38,366$31,665$19,913
18 years$62,092$51,381$42,262$34,575$28,155$17,124
19 years$58,209$47,619$38,689$31,242$25,095$14,755
20 years$54,719$44,250$35,506$28,295$22,415$12,734
21 years$51,565$41,217$32,659$25,680$20,059$11,005
22 years$48,702$38,475$30,100$23,349$17,980$9,522
23 years$46,092$35,985$27,792$21,264$16,140$8,247
24 years$43,703$33,715$25,703$19,394$14,507$7,149
25 years$41,508$31,640$23,806$17,712$13,054$6,202
26 years$39,486$29,737$22,079$16,195$11,759$5,384
27 years$37,616$27,986$20,502$14,824$10,601$4,677
28 years$35,883$26,371$19,060$13,582$9,566$4,064
29 years$34,273$24,878$17,737$12,455$8,638$3,533
30 years$32,773$23,494$16,521$11,430$7,805$3,073
31 years$31,372$22,210$15,402$10,498$7,056$2,674
32 years$30,061$21,015$14,370$9,648$6,383$2,327
33 years$28,833$19,902$13,418$8,872$5,777$2,025
34 years$27,679$18,862$12,537$8,163$5,230$1,763
35 years$26,593$17,891$11,721$7,514$4,737$1,535
36 years$25,571$16,981$10,965$6,921$4,292$1,337
37 years$24,605$16,128$10,263$6,376$3,890$1,165
38 years$23,693$15,327$9,611$5,877$3,527$1,015
39 years$22,829$14,575$9,004$5,419$3,198$884
40 years$22,011$13,867$8,440$4,998$2,901$770
41 years$21,235$13,200$7,914$4,612$2,632$671
42 years$20,498$12,571$7,423$4,256$2,388$585
43 years$19,797$11,978$6,966$3,929$2,167$510
44 years$19,129$11,417$6,539$3,628$1,967$444
45 years$18,493$10,887$6,139$3,350$1,786$387
46 years$17,887$10,386$5,766$3,095$1,621$337
47 years$17,308$9,911$5,417$2,859$1,472$294
48 years$16,754$9,462$5,091$2,642$1,337$256
49 years$16,225$9,035$4,785$2,442$1,214$223
50 years$15,719$8,631$4,499$2,257$1,103$195

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $16,100,000, adding $3,865 every year, while hoping to spend $55,583 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: 39/40/21 Blend
65$16,100,000$16,100,000$16,100,000$16,100,000
66$17,746,187$16,892,887$16,643,337$18,327,133
67$19,497,158$17,661,498$17,141,749$19,514,540
68$21,424,865$18,465,909$17,654,994$20,792,077
69$23,547,277$19,307,814$18,183,512$22,172,345
70$25,884,193$20,188,991$18,727,754$23,664,698
71$28,457,430$21,111,300$19,288,182$25,279,393
72$31,291,027$22,076,694$19,865,276$27,027,685
73$34,411,477$23,087,216$20,459,528$28,921,925
74$37,847,968$24,145,011$21,071,443$30,975,667
75$41,632,667$25,252,322$21,701,542$33,203,790
76$45,801,017$26,411,505$22,350,362$35,622,632
77$50,392,077$27,625,024$23,018,455$38,250,133
78$55,448,885$28,895,466$23,706,389$41,106,000
79$61,018,866$30,225,539$24,414,748$44,211,878
80$67,154,283$31,618,083$25,144,135$47,591,551
81$73,912,724$33,076,073$25,895,168$51,271,152
82$81,357,651$34,602,630$26,668,485$55,279,403
83$89,558,993$36,201,021$27,464,741$59,647,874
84$98,593,813$37,874,673$28,284,612$64,411,267
85$108,547,028$39,627,178$29,128,793$69,607,737
86$119,512,215$41,462,300$29,997,998$75,279,237
87$131,592,493$43,383,985$30,892,963$81,471,900
88$144,901,496$45,396,369$31,814,446$88,236,463
89$159,564,444$47,503,786$32,763,225$95,628,733
90$175,719,327$49,710,781$33,740,103$103,710,095
91$193,518,206$52,022,118$34,745,904$112,548,080
92$213,128,649$54,442,788$35,781,478$122,216,986
93$234,735,313$56,978,026$36,847,699$132,798,560
94$258,541,684$59,633,318$37,945,466$144,382,753
95$284,772,000$62,414,415$39,075,704$157,068,554
96$313,673,370$65,327,347$40,239,365$170,964,901
97$345,518,100$68,378,433$41,437,430$186,191,691
98$380,606,269$71,574,299$42,670,907$202,880,891
99$419,268,558$74,921,890$43,940,832$221,177,761
100$461,869,376$78,428,487$45,248,275$241,242,203