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%15.8%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,268,878
2 years$666,356$653,946$641,918$630,257$618,945$587,988
3 years$439,824$427,361$415,363$403,811$392,684$362,644
4 years$326,581$314,155$302,278$290,923$280,066$251,173
5 years$258,653$246,302$234,580$223,457$212,901$185,238
6 years$213,382$201,124$189,576$178,700$168,462$142,055
7 years$181,058$168,903$157,538$146,919$137,004$111,859
8 years$156,827$144,781$133,605$123,247$113,658$89,763
9 years$137,990$126,058$115,074$104,979$95,717$73,053
10 years$122,929$111,114$100,324$90,493$81,556$60,097
11 years$110,615$98,918$88,324$78,756$70,140$49,858
12 years$100,360$88,784$78,385$69,080$60,782$41,643
13 years$91,690$80,235$70,032$60,987$53,003$34,970
14 years$84,265$72,931$62,924$54,137$46,462$29,496
15 years$77,835$66,624$56,812$48,281$40,909$24,971
16 years$72,215$61,126$51,508$43,230$36,156$21,203
17 years$67,261$56,295$46,870$38,842$32,058$18,050
18 years$62,863$52,019$42,787$35,005$28,505$15,398
19 years$58,932$48,211$39,169$31,630$25,407$13,159
20 years$55,399$44,800$35,948$28,647$22,694$11,263
21 years$52,206$41,729$33,065$25,999$20,308$9,652
22 years$49,307$38,953$30,474$23,639$18,204$8,281
23 years$46,665$36,432$28,138$21,528$16,341$7,111
24 years$44,246$34,134$26,023$19,635$14,687$6,111
25 years$42,024$32,033$24,102$17,932$13,216$5,255
26 years$39,976$30,106$22,353$16,396$11,905$4,522
27 years$38,084$28,333$20,757$15,008$10,733$3,893
28 years$36,329$26,698$19,296$13,750$9,685$3,353
29 years$34,699$25,187$17,957$12,609$8,745$2,889
30 years$33,180$23,786$16,726$11,572$7,902$2,490
31 years$31,762$22,486$15,593$10,628$7,144$2,147
32 years$30,435$21,276$14,549$9,768$6,462$1,851
33 years$29,191$20,149$13,584$8,982$5,848$1,596
34 years$28,023$19,097$12,692$8,264$5,295$1,377
35 years$26,924$18,113$11,867$7,608$4,796$1,188
36 years$25,888$17,192$11,101$7,007$4,345$1,025
37 years$24,911$16,328$10,390$6,456$3,938$885
38 years$23,987$15,518$9,730$5,950$3,570$763
39 years$23,113$14,756$9,116$5,486$3,238$659
40 years$22,285$14,039$8,544$5,060$2,937$569
41 years$21,499$13,364$8,012$4,669$2,664$491
42 years$20,752$12,727$7,515$4,309$2,418$424
43 years$20,042$12,126$7,052$3,978$2,194$366
44 years$19,367$11,559$6,620$3,673$1,992$316
45 years$18,723$11,023$6,216$3,392$1,808$273
46 years$18,109$10,515$5,838$3,133$1,642$236
47 years$17,523$10,035$5,485$2,895$1,491$203
48 years$16,963$9,579$5,154$2,675$1,354$176
49 years$16,427$9,148$4,845$2,472$1,229$152
50 years$15,914$8,738$4,555$2,285$1,117$131

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 $5,801 every year, while hoping to spend $42,348 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: 61/22/17 Blend
65$16,300,000$16,300,000$16,300,000$16,300,000
66$17,968,584$17,104,684$16,852,034$18,986,607
67$19,756,321$17,897,755$17,371,519$20,466,673
68$21,724,989$18,728,268$17,906,988$22,075,907
69$23,892,996$19,598,012$18,458,930$23,831,094
70$26,280,631$20,508,863$19,027,853$25,746,391
71$28,910,246$21,462,788$19,614,277$27,837,372
72$31,806,475$22,461,849$20,218,739$30,121,166
73$34,996,462$23,508,206$20,841,794$32,616,615
74$38,510,118$24,604,125$21,484,011$35,344,450
75$42,380,404$25,751,981$22,145,979$38,327,479
76$46,643,639$26,954,262$22,828,303$41,590,798
77$51,339,849$28,213,579$23,531,610$45,162,024
78$56,513,136$29,532,668$24,256,542$49,071,550
79$62,212,102$30,914,395$25,003,762$53,352,824
80$68,490,304$32,361,767$25,773,955$58,042,663
81$75,406,758$33,877,937$26,567,826$63,181,589
82$83,026,499$35,466,208$27,386,100$68,814,212
83$91,421,194$37,130,044$28,229,526$74,989,638
84$100,669,817$38,873,077$29,098,876$81,761,928
85$110,859,394$40,699,114$29,994,945$89,190,602
86$122,085,828$42,612,146$30,918,551$97,341,193
87$134,454,799$44,616,358$31,870,539$106,285,856
88$148,082,767$46,716,137$32,851,780$116,104,042
89$163,098,064$48,916,083$33,863,170$126,883,239
90$179,642,114$51,221,019$34,905,634$138,719,790
91$197,870,761$53,636,000$35,980,124$151,719,791
92$217,955,742$56,166,327$37,087,621$166,000,083
93$240,086,309$58,817,558$38,229,138$181,689,345
94$264,471,015$61,595,521$39,405,716$198,929,299
95$291,339,682$64,506,325$40,618,431$217,876,036
96$320,945,570$67,556,376$41,868,389$238,701,475
97$353,567,770$70,752,391$43,156,732$261,594,976
98$389,513,836$74,101,411$44,484,636$286,765,117
99$429,122,689$77,610,821$45,853,313$314,441,643
100$472,767,815$81,288,363$47,264,011$344,877,627