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

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,257,915
2 years$658,180$645,922$634,042$622,523$611,351$585,349
3 years$434,428$422,117$410,267$398,857$387,866$362,595
4 years$322,574$310,301$298,569$287,354$276,629$252,284
5 years$255,479$243,280$231,702$220,715$210,289$186,938
6 years$210,764$198,656$187,250$176,508$166,395$144,064
7 years$178,837$166,831$155,605$145,117$135,323$114,017
8 years$154,902$143,005$131,966$121,735$112,264$91,976
9 years$136,297$124,512$113,662$103,691$94,542$75,260
10 years$121,421$109,751$99,093$89,383$80,555$62,258
11 years$109,257$97,705$87,240$77,790$69,280$51,947
12 years$99,129$87,694$77,423$68,232$60,036$43,642
13 years$90,565$79,250$69,173$60,239$52,353$36,869
14 years$83,231$72,036$62,152$53,473$45,892$31,290
15 years$76,880$65,806$56,115$47,689$40,407$26,655
16 years$71,329$60,376$50,876$42,700$35,712$22,779
17 years$66,436$55,604$46,295$38,366$31,665$19,517
18 years$62,092$51,381$42,262$34,575$28,155$16,760
19 years$58,209$47,619$38,689$31,242$25,095$14,419
20 years$54,719$44,250$35,506$28,295$22,415$12,426
21 years$51,565$41,217$32,659$25,680$20,059$10,722
22 years$48,702$38,475$30,100$23,349$17,980$9,263
23 years$46,092$35,985$27,792$21,264$16,140$8,010
24 years$43,703$33,715$25,703$19,394$14,507$6,933
25 years$41,508$31,640$23,806$17,712$13,054$6,005
26 years$39,486$29,737$22,079$16,195$11,759$5,205
27 years$37,616$27,986$20,502$14,824$10,601$4,514
28 years$35,883$26,371$19,060$13,582$9,566$3,916
29 years$34,273$24,878$17,737$12,455$8,638$3,399
30 years$32,773$23,494$16,521$11,430$7,805$2,951
31 years$31,372$22,210$15,402$10,498$7,056$2,563
32 years$30,061$21,015$14,370$9,648$6,383$2,227
33 years$28,833$19,902$13,418$8,872$5,777$1,935
34 years$27,679$18,862$12,537$8,163$5,230$1,682
35 years$26,593$17,891$11,721$7,514$4,737$1,462
36 years$25,571$16,981$10,965$6,921$4,292$1,271
37 years$24,605$16,128$10,263$6,376$3,890$1,105
38 years$23,693$15,327$9,611$5,877$3,527$961
39 years$22,829$14,575$9,004$5,419$3,198$836
40 years$22,011$13,867$8,440$4,998$2,901$727
41 years$21,235$13,200$7,914$4,612$2,632$633
42 years$20,498$12,571$7,423$4,256$2,388$550
43 years$19,797$11,978$6,966$3,929$2,167$479
44 years$19,129$11,417$6,539$3,628$1,967$417
45 years$18,493$10,887$6,139$3,350$1,786$362
46 years$17,887$10,386$5,766$3,095$1,621$315
47 years$17,308$9,911$5,417$2,859$1,472$274
48 years$16,754$9,462$5,091$2,642$1,337$239
49 years$16,225$9,035$4,785$2,442$1,214$208
50 years$15,719$8,631$4,499$2,257$1,103$181

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 $6,507 every year, while hoping to spend $43,638 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: 42/47/11 Blend
65$16,100,000$16,100,000$16,100,000$16,100,000
66$17,748,912$16,895,612$16,646,062$18,436,891
67$19,512,870$17,677,066$17,157,275$19,700,415
68$21,455,290$18,495,350$17,684,150$21,062,883
69$23,594,328$19,352,220$18,227,168$22,537,216
70$25,949,992$20,249,521$18,786,820$24,133,640
71$28,544,328$21,189,185$19,363,615$25,863,369
72$31,401,631$22,173,236$19,958,078$27,738,706
73$34,548,670$23,203,798$20,570,747$29,773,150
74$38,014,946$24,283,096$21,202,178$31,981,515
75$41,832,965$25,413,462$21,852,946$34,380,060
76$46,038,548$26,597,341$22,523,640$36,986,638
77$50,671,166$27,837,298$23,214,868$39,820,852
78$55,774,318$29,136,018$23,927,258$42,904,229
79$61,395,933$30,496,317$24,661,457$46,260,416
80$67,588,831$31,921,150$25,418,128$49,915,392
81$74,411,216$33,413,611$26,197,960$53,897,700
82$81,927,227$34,976,944$27,001,658$58,238,706
83$90,207,541$36,614,552$27,829,951$62,972,883
84$99,330,046$38,330,000$28,683,590$68,138,124
85$109,380,568$40,127,027$29,563,347$73,776,083
86$120,453,687$42,009,553$30,470,021$79,932,560
87$132,653,628$43,981,686$31,404,431$86,657,913
88$146,095,243$46,047,734$32,367,425$94,007,521
89$160,905,098$48,212,213$33,359,873$102,042,289
90$177,222,664$50,479,857$34,382,676$110,829,207
91$195,201,638$52,855,632$35,436,757$120,441,964
92$215,011,388$55,344,741$36,523,071$130,961,626
93$236,838,557$57,952,641$37,642,601$142,477,380
94$260,888,821$60,685,051$38,796,360$155,087,358
95$287,388,833$63,547,971$39,985,390$168,899,539
96$316,588,361$66,547,689$41,210,768$184,032,749
97$348,762,646$69,690,798$42,473,601$200,617,757
98$384,214,999$72,984,210$43,775,030$218,798,486
99$423,279,667$76,435,175$45,116,231$238,733,346
100$466,324,985$80,051,290$46,498,417$260,596,704