Can I retire at age 66 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,275,109
2 years$670,444$657,958$645,856$634,123$622,742$590,055
3 years$442,523$429,982$417,912$406,289$395,093$363,391
4 years$328,585$316,083$304,133$292,708$281,784$251,310
5 years$260,239$247,813$236,019$224,828$214,208$185,047
6 years$214,691$202,358$190,739$179,797$169,495$141,676
7 years$182,169$169,940$158,505$147,821$137,845$111,371
8 years$157,789$145,670$134,425$124,003$114,356$89,215
9 years$138,836$126,832$115,780$105,623$96,304$72,476
10 years$123,683$111,796$100,940$91,048$82,056$59,512
11 years$111,293$99,525$88,866$79,239$70,571$49,278
12 years$100,976$89,329$78,866$69,503$61,155$41,077
13 years$92,252$80,727$70,462$61,361$53,328$34,426
14 years$84,782$73,379$63,310$54,470$46,747$28,978
15 years$78,313$67,033$57,160$48,577$41,160$24,480
16 years$72,658$61,501$51,824$43,496$36,377$20,742
17 years$67,674$56,640$47,158$39,081$32,255$17,619
18 years$63,249$52,338$43,049$35,219$28,679$14,997
19 years$59,294$48,506$39,409$31,824$25,563$12,788
20 years$55,738$45,075$36,168$28,823$22,833$10,920
21 years$52,526$41,985$33,268$26,158$20,433$9,337
22 years$49,610$39,192$30,661$23,784$18,315$7,992
23 years$46,951$36,655$28,310$21,660$16,441$6,847
24 years$44,517$34,343$26,182$19,756$14,777$5,870
25 years$42,282$32,230$24,250$18,042$13,297$5,036
26 years$40,222$30,291$22,491$16,497$11,978$4,323
27 years$38,317$28,507$20,885$15,100$10,799$3,713
28 years$36,552$26,862$19,415$13,835$9,744$3,190
29 years$34,912$25,341$18,067$12,687$8,799$2,742
30 years$33,383$23,932$16,829$11,643$7,950$2,357
31 years$31,956$22,624$15,689$10,693$7,188$2,027
32 years$30,621$21,407$14,638$9,827$6,502$1,743
33 years$29,370$20,273$13,668$9,037$5,884$1,500
34 years$28,195$19,214$12,770$8,315$5,327$1,291
35 years$27,089$18,224$11,939$7,654$4,825$1,111
36 years$26,047$17,297$11,169$7,049$4,372$956
37 years$25,064$16,428$10,454$6,495$3,962$823
38 years$24,134$15,613$9,790$5,987$3,592$708
39 years$23,255$14,846$9,172$5,520$3,258$610
40 years$22,421$14,125$8,597$5,091$2,955$525
41 years$21,631$13,446$8,061$4,698$2,681$452
42 years$20,880$12,805$7,562$4,335$2,432$389
43 years$20,165$12,201$7,096$4,002$2,208$335
44 years$19,486$11,630$6,660$3,695$2,004$289
45 years$18,838$11,090$6,254$3,413$1,819$249
46 years$18,220$10,580$5,874$3,152$1,652$214
47 years$17,630$10,096$5,518$2,912$1,500$184
48 years$17,067$9,638$5,186$2,691$1,362$159
49 years$16,528$9,204$4,874$2,487$1,237$137
50 years$16,012$8,792$4,582$2,299$1,124$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $16,400,000, adding $5,626 every year, while hoping to spend $43,815 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: 55/26/19 Blend
65$16,400,000$16,400,000$16,400,000$16,400,000
66$18,078,603$17,209,403$16,955,203$18,980,106
67$19,876,002$18,006,045$17,476,584$20,393,109
68$21,855,267$18,840,254$18,013,962$21,925,896
69$24,034,902$19,713,824$18,567,828$23,594,104
70$26,435,297$20,628,637$19,138,685$25,410,704
71$29,078,922$21,586,664$19,727,055$27,389,953
72$31,990,533$22,589,972$20,333,473$29,547,527
73$35,197,414$23,640,727$20,958,491$31,900,661
74$38,729,628$24,741,201$21,602,678$34,468,308
75$42,620,303$25,893,773$22,266,621$37,271,311
76$46,905,945$27,100,939$22,950,923$40,332,596
77$51,626,781$28,365,314$23,656,209$43,677,380
78$56,827,140$29,689,642$24,383,120$47,333,405
79$62,555,870$31,076,796$25,132,316$51,331,192
80$68,866,800$32,529,791$25,904,480$55,704,323
81$75,819,247$34,051,784$26,700,313$60,489,748
82$83,478,577$35,646,088$27,520,540$65,728,133
83$91,916,820$37,316,174$28,365,906$71,464,228
84$101,213,352$39,065,683$29,237,180$77,747,286
85$111,455,642$40,898,430$30,135,154$84,631,519
86$122,740,079$42,818,414$31,060,644$92,176,600
87$135,172,882$44,829,831$32,014,490$100,448,216
88$148,871,099$46,937,077$32,997,559$109,518,682
89$163,963,719$49,144,761$34,010,745$119,467,609
90$180,592,880$51,457,717$35,054,967$130,382,646
91$198,915,219$53,881,010$36,131,174$142,360,299
92$219,103,346$56,419,954$37,240,342$155,506,828
93$241,347,472$59,080,117$38,383,479$169,939,238
94$265,857,211$61,867,339$39,561,622$185,786,371
95$292,863,550$64,787,742$40,775,840$203,190,109
96$322,621,036$67,847,745$42,027,234$222,306,700
97$355,410,176$71,054,079$43,316,941$243,308,218
98$391,540,085$74,413,800$44,646,129$266,384,172
99$431,351,404$77,934,306$46,016,005$291,743,280
100$475,219,516$81,623,356$47,427,809$319,615,421