Can I retire at age 66 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,253,667
2 years$666,356$653,946$641,918$630,257$618,945$572,974
3 years$439,824$427,361$415,363$403,811$392,684$348,304
4 years$326,581$314,155$302,278$290,923$280,066$237,616
5 years$258,653$246,302$234,580$223,457$212,901$172,493
6 years$213,382$201,124$189,576$178,700$168,462$130,126
7 years$181,058$168,903$157,538$146,919$137,004$100,732
8 years$156,827$144,781$133,605$123,247$113,658$79,420
9 years$137,990$126,058$115,074$104,979$95,717$63,467
10 years$122,929$111,114$100,324$90,493$81,556$51,240
11 years$110,615$98,918$88,324$78,756$70,140$41,697
12 years$100,360$88,784$78,385$69,080$60,782$34,143
13 years$91,690$80,235$70,032$60,987$53,003$28,095
14 years$84,265$72,931$62,924$54,137$46,462$23,212
15 years$77,835$66,624$56,812$48,281$40,909$19,238
16 years$72,215$61,126$51,508$43,230$36,156$15,987
17 years$67,261$56,295$46,870$38,842$32,058$13,315
18 years$62,863$52,019$42,787$35,005$28,505$11,108
19 years$58,932$48,211$39,169$31,630$25,407$9,281
20 years$55,399$44,800$35,948$28,647$22,694$7,764
21 years$52,206$41,729$33,065$25,999$20,308$6,501
22 years$49,307$38,953$30,474$23,639$18,204$5,449
23 years$46,665$36,432$28,138$21,528$16,341$4,570
24 years$44,246$34,134$26,023$19,635$14,687$3,835
25 years$42,024$32,033$24,102$17,932$13,216$3,220
26 years$39,976$30,106$22,353$16,396$11,905$2,704
27 years$38,084$28,333$20,757$15,008$10,733$2,272
28 years$36,329$26,698$19,296$13,750$9,685$1,910
29 years$34,699$25,187$17,957$12,609$8,745$1,606
30 years$33,180$23,786$16,726$11,572$7,902$1,350
31 years$31,762$22,486$15,593$10,628$7,144$1,135
32 years$30,435$21,276$14,549$9,768$6,462$955
33 years$29,191$20,149$13,584$8,982$5,848$803
34 years$28,023$19,097$12,692$8,264$5,295$676
35 years$26,924$18,113$11,867$7,608$4,796$569
36 years$25,888$17,192$11,101$7,007$4,345$478
37 years$24,911$16,328$10,390$6,456$3,938$403
38 years$23,987$15,518$9,730$5,950$3,570$339
39 years$23,113$14,756$9,116$5,486$3,238$285
40 years$22,285$14,039$8,544$5,060$2,937$240
41 years$21,499$13,364$8,012$4,669$2,664$202
42 years$20,752$12,727$7,515$4,309$2,418$170
43 years$20,042$12,126$7,052$3,978$2,194$143
44 years$19,367$11,559$6,620$3,673$1,992$120
45 years$18,723$11,023$6,216$3,392$1,808$101
46 years$18,109$10,515$5,838$3,133$1,642$85
47 years$17,523$10,035$5,485$2,895$1,491$72
48 years$16,963$9,579$5,154$2,675$1,354$60
49 years$16,427$9,148$4,845$2,472$1,229$51
50 years$15,914$8,738$4,555$2,285$1,117$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $16,300,000, adding $2,830 every year, while hoping to spend $26,945 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: 35/50/15 Blend
65$16,300,000$16,300,000$16,300,000$16,300,000
66$17,965,519$17,101,619$16,848,969$18,510,921
67$19,769,333$17,910,929$17,384,740$19,716,253
68$21,756,232$18,758,992$17,937,557$21,013,169
69$23,944,864$19,647,679$18,507,961$22,411,928
70$26,355,776$20,578,951$19,096,513$23,921,572
71$29,011,609$21,554,863$19,703,790$25,552,000
72$31,937,315$22,577,573$20,330,389$27,314,062
73$35,160,388$23,649,342$20,976,924$29,219,641
74$38,711,127$24,772,539$21,644,031$31,281,767
75$42,622,919$25,949,651$22,332,363$33,514,723
76$46,932,557$27,183,283$23,042,597$35,934,170
77$51,680,584$28,476,170$23,775,430$38,557,289
78$56,911,678$29,831,177$24,531,582$41,402,925
79$62,675,074$31,251,309$25,311,794$44,491,762
80$69,025,025$32,739,718$26,116,833$47,846,495
81$76,021,320$34,299,707$26,947,490$51,492,041
82$83,729,844$35,934,741$27,804,579$55,455,755
83$92,223,198$37,648,453$28,688,943$59,767,676
84$101,581,392$39,444,655$29,601,450$64,460,797
85$111,892,591$41,327,340$30,542,996$69,571,358
86$123,253,954$43,300,698$31,514,505$75,139,173
87$135,772,548$45,369,124$32,516,932$81,207,991
88$149,566,359$47,537,222$33,551,260$87,825,889
89$164,765,408$49,809,826$34,618,507$95,045,705
90$181,512,972$52,192,000$35,719,720$102,925,523
91$199,966,945$54,689,058$36,855,981$111,529,196
92$220,301,322$57,306,571$38,028,405$120,926,930
93$242,707,845$60,050,380$39,238,144$131,195,922
94$267,397,811$62,926,614$40,486,387$142,421,067
95$294,604,066$65,941,697$41,774,360$154,695,735
96$324,583,208$69,102,367$43,103,328$168,122,625
97$357,618,002$72,415,690$44,474,596$182,814,708
98$394,020,055$75,889,076$45,889,512$198,896,268
99$434,132,755$79,530,296$47,349,466$216,504,040
100$478,334,515$83,347,499$48,855,892$235,788,474