Can I retire at age 66 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,280,452
2 years$662,268$649,934$637,980$626,390$615,148$603,702
3 years$437,126$424,739$412,815$401,334$390,275$379,097
4 years$324,577$312,228$300,424$289,139$278,348$267,522
5 years$257,066$244,791$233,141$222,086$211,595$201,156
6 years$212,073$199,890$188,413$177,604$167,428$157,387
7 years$179,948$167,867$156,572$146,018$136,164$126,525
8 years$155,865$143,893$132,785$122,491$112,961$103,725
9 years$137,143$125,285$114,368$104,335$95,130$86,293
10 years$122,175$110,433$99,709$89,938$81,055$72,613
11 years$109,936$98,312$87,782$78,273$69,710$61,657
12 years$99,744$88,239$77,904$68,656$60,409$52,736
13 years$91,127$79,742$69,602$60,613$52,678$45,377
14 years$83,748$72,484$62,538$53,805$46,177$39,238
15 years$77,358$66,215$56,463$47,985$40,658$34,072
16 years$71,772$60,751$51,192$42,965$35,934$29,689
17 years$66,849$55,950$46,583$38,604$31,861$25,948
18 years$62,477$51,700$42,524$34,790$28,330$22,736
19 years$58,570$47,915$38,929$31,436$25,251$19,966
20 years$55,059$44,525$35,727$28,471$22,555$17,566
21 years$51,886$41,473$32,862$25,839$20,184$15,481
22 years$49,005$38,714$30,287$23,494$18,092$13,662
23 years$46,378$36,208$27,965$21,396$16,240$12,073
24 years$43,974$33,925$25,863$19,515$14,597$10,680
25 years$41,766$31,837$23,954$17,822$13,135$9,457
26 years$39,731$29,921$22,216$16,295$11,832$8,381
27 years$37,850$28,159$20,630$14,916$10,667$7,433
28 years$36,106$26,534$19,178$13,666$9,625$6,596
29 years$34,486$25,032$17,847$12,532$8,691$5,857
30 years$32,976$23,640$16,624$11,501$7,853$5,204
31 years$31,567$22,348$15,498$10,563$7,100$4,625
32 years$30,248$21,146$14,460$9,708$6,423$4,113
33 years$29,012$20,025$13,501$8,927$5,812$3,658
34 years$27,851$18,979$12,615$8,214$5,262$3,255
35 years$26,759$18,002$11,794$7,561$4,766$2,897
36 years$25,729$17,086$11,033$6,964$4,319$2,579
37 years$24,758$16,228$10,327$6,416$3,914$2,297
38 years$23,840$15,422$9,670$5,914$3,549$2,046
39 years$22,971$14,665$9,060$5,453$3,218$1,822
40 years$22,148$13,953$8,492$5,029$2,919$1,623
41 years$21,367$13,282$7,963$4,640$2,648$1,447
42 years$20,625$12,649$7,469$4,282$2,403$1,289
43 years$19,919$12,052$7,009$3,953$2,181$1,149
44 years$19,248$11,488$6,579$3,650$1,979$1,024
45 years$18,608$10,955$6,178$3,371$1,797$913
46 years$17,998$10,451$5,802$3,114$1,631$814
47 years$17,415$9,973$5,451$2,877$1,481$726
48 years$16,858$9,521$5,122$2,658$1,345$647
49 years$16,326$9,092$4,815$2,457$1,222$577
50 years$15,817$8,685$4,527$2,271$1,110$514

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $16,200,000, adding $3,683 every year, while hoping to spend $35,588 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: 55/20/25 Blend
65$16,200,000$16,200,000$16,200,000$16,200,000
66$17,856,199$16,997,599$16,746,499$18,715,333
67$19,639,666$17,792,616$17,269,641$20,101,348
68$21,603,854$18,625,396$17,809,116$21,606,035
69$23,767,158$19,497,752$18,365,433$23,244,064
70$26,149,851$20,411,584$18,939,118$25,028,256
71$28,774,269$21,368,885$19,530,712$26,972,708
72$31,665,028$22,371,744$20,140,773$29,092,922
73$34,849,251$23,422,350$20,769,880$31,405,945
74$38,356,828$24,522,998$21,418,624$33,930,530
75$42,220,696$25,676,097$22,087,620$36,687,302
76$46,477,150$26,884,169$22,777,498$39,698,953
77$51,166,186$28,149,859$23,488,910$42,990,448
78$56,331,876$29,475,942$24,222,528$46,589,254
79$62,022,790$30,865,325$24,979,045$50,525,599
80$68,292,446$32,321,057$25,759,175$54,832,745
81$75,199,821$33,846,335$26,563,653$59,547,299
82$82,809,908$35,444,511$27,393,241$64,709,551
83$91,194,325$37,119,098$28,248,720$70,363,850
84$100,431,993$38,873,780$29,130,899$76,559,011
85$110,609,882$40,712,422$30,040,610$83,348,773
86$121,823,831$42,639,072$30,978,712$90,792,296
87$134,179,453$44,657,977$31,946,090$98,954,711
88$147,793,131$46,773,592$32,943,657$107,907,728
89$162,793,116$48,990,583$33,972,356$117,730,303
90$179,320,739$51,313,848$35,033,155$128,509,376
91$197,531,746$53,748,518$36,127,058$140,340,679
92$217,597,765$56,299,976$37,255,095$153,329,633
93$239,707,929$58,973,866$38,418,332$167,592,328
94$264,070,657$61,776,105$39,617,865$183,256,615
95$290,915,628$64,712,898$40,854,828$200,463,296
96$320,495,943$67,790,751$42,130,386$219,367,442
97$353,090,519$71,016,487$43,445,743$240,139,847
98$389,006,717$74,397,260$44,802,141$262,968,625
99$428,583,247$77,940,572$46,200,858$288,060,972
100$472,193,366$81,654,287$47,643,214$315,645,111