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%19.8%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,241,047
2 years$662,268$649,934$637,980$626,390$615,148$564,625
3 years$437,126$424,739$412,815$401,334$390,275$341,585
4 years$324,577$312,228$300,424$289,139$278,348$231,860
5 years$257,066$244,791$233,141$222,086$211,595$167,429
6 years$212,073$199,890$188,413$177,604$167,428$125,611
7 years$179,948$167,867$156,572$146,018$136,164$96,683
8 years$155,865$143,893$132,785$122,491$112,961$75,776
9 years$137,143$125,285$114,368$104,335$95,130$60,185
10 years$122,175$110,433$99,709$89,938$81,055$48,283
11 years$109,936$98,312$87,782$78,273$69,710$39,035
12 years$99,744$88,239$77,904$68,656$60,409$31,750
13 years$91,127$79,742$69,602$60,613$52,678$25,948
14 years$83,748$72,484$62,538$53,805$46,177$21,288
15 years$77,358$66,215$56,463$47,985$40,658$17,519
16 years$71,772$60,751$51,192$42,965$35,934$14,453
17 years$66,849$55,950$46,583$38,604$31,861$11,948
18 years$62,477$51,700$42,524$34,790$28,330$9,894
19 years$58,570$47,915$38,929$31,436$25,251$8,204
20 years$55,059$44,525$35,727$28,471$22,555$6,811
21 years$51,886$41,473$32,862$25,839$20,184$5,659
22 years$49,005$38,714$30,287$23,494$18,092$4,706
23 years$46,378$36,208$27,965$21,396$16,240$3,916
24 years$43,974$33,925$25,863$19,515$14,597$3,260
25 years$41,766$31,837$23,954$17,822$13,135$2,715
26 years$39,731$29,921$22,216$16,295$11,832$2,262
27 years$37,850$28,159$20,630$14,916$10,667$1,886
28 years$36,106$26,534$19,178$13,666$9,625$1,572
29 years$34,486$25,032$17,847$12,532$8,691$1,311
30 years$32,976$23,640$16,624$11,501$7,853$1,093
31 years$31,567$22,348$15,498$10,563$7,100$912
32 years$30,248$21,146$14,460$9,708$6,423$761
33 years$29,012$20,025$13,501$8,927$5,812$635
34 years$27,851$18,979$12,615$8,214$5,262$529
35 years$26,759$18,002$11,794$7,561$4,766$442
36 years$25,729$17,086$11,033$6,964$4,319$369
37 years$24,758$16,228$10,327$6,416$3,914$308
38 years$23,840$15,422$9,670$5,914$3,549$257
39 years$22,971$14,665$9,060$5,453$3,218$214
40 years$22,148$13,953$8,492$5,029$2,919$179
41 years$21,367$13,282$7,963$4,640$2,648$149
42 years$20,625$12,649$7,469$4,282$2,403$125
43 years$19,919$12,052$7,009$3,953$2,181$104
44 years$19,248$11,488$6,579$3,650$1,979$87
45 years$18,608$10,955$6,178$3,371$1,797$72
46 years$17,998$10,451$5,802$3,114$1,631$60
47 years$17,415$9,973$5,451$2,877$1,481$50
48 years$16,858$9,521$5,122$2,658$1,345$42
49 years$16,326$9,092$4,815$2,457$1,222$35
50 years$15,817$8,685$4,527$2,271$1,110$29

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 $2,444 every year, while hoping to spend $35,338 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: 44/45/11 Blend
65$16,200,000$16,200,000$16,200,000$16,200,000
66$17,854,921$16,996,321$16,745,221$18,584,110
67$19,638,524$17,791,541$17,268,587$19,886,659
68$21,602,869$18,624,543$17,808,300$21,293,790
69$23,766,356$19,497,140$18,364,873$22,818,092
70$26,149,259$20,411,235$18,938,831$24,470,351
71$28,773,918$21,368,820$19,530,716$26,262,404
72$31,664,952$22,371,986$20,141,089$28,207,238
73$34,849,487$23,422,924$20,770,526$30,319,106
74$38,357,419$24,523,931$21,419,623$32,613,656
75$42,221,688$25,677,416$22,088,993$35,108,066
76$46,478,595$26,885,904$22,779,268$37,821,203
77$51,168,141$28,152,042$23,491,103$40,773,786
78$56,334,405$29,478,606$24,225,169$43,988,575
79$62,025,962$30,868,506$24,982,160$47,490,576
80$68,296,340$32,324,792$25,762,792$51,307,264
81$75,204,524$33,850,664$26,567,802$55,468,835
82$82,815,514$35,449,475$27,397,952$60,008,475
83$91,200,939$37,124,742$28,254,026$64,962,666
84$100,439,732$38,880,152$29,136,833$70,371,512
85$110,618,875$40,719,570$30,047,208$76,279,110
86$121,834,222$42,647,050$30,986,010$82,733,948
87$134,191,398$44,666,841$31,954,128$89,789,349
88$147,806,804$46,783,400$32,952,474$97,503,962
89$162,808,710$49,001,398$33,981,994$105,942,293
90$179,338,467$51,325,735$35,043,660$115,175,306
91$197,551,842$53,761,548$36,138,474$125,281,068
92$217,620,489$56,314,222$37,267,471$136,345,469
93$239,733,565$58,989,406$38,431,718$148,463,017
94$264,099,523$61,793,021$39,632,315$161,737,706
95$290,948,072$64,731,277$40,870,395$176,283,978
96$320,532,351$67,810,684$42,147,129$192,227,783
97$353,131,314$71,038,072$43,463,721$209,707,739
98$389,052,369$74,420,598$44,821,417$228,876,423
99$428,634,274$77,965,771$46,221,498$249,901,783
100$472,250,338$81,681,461$47,665,286$272,968,694