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%12.9%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,291,953
2 years$670,444$657,958$645,856$634,123$622,742$606,836
3 years$442,523$429,982$417,912$406,289$395,093$379,580
4 years$328,585$316,083$304,133$292,708$281,784$266,783
5 years$260,239$247,813$236,019$224,828$214,208$199,763
6 years$214,691$202,358$190,739$179,797$169,495$155,625
7 years$182,169$169,940$158,505$147,821$137,845$124,554
8 years$157,789$145,670$134,425$124,003$114,356$101,643
9 years$138,836$126,832$115,780$105,623$96,304$84,164
10 years$123,683$111,796$100,940$91,048$82,056$70,481
11 years$111,293$99,525$88,866$79,239$70,571$59,550
12 years$100,976$89,329$78,866$69,503$61,155$50,677
13 years$92,252$80,727$70,462$61,361$53,328$43,379
14 years$84,782$73,379$63,310$54,470$46,747$37,313
15 years$78,313$67,033$57,160$48,577$41,160$32,225
16 years$72,658$61,501$51,824$43,496$36,377$27,926
17 years$67,674$56,640$47,158$39,081$32,255$24,271
18 years$63,249$52,338$43,049$35,219$28,679$21,146
19 years$59,294$48,506$39,409$31,824$25,563$18,462
20 years$55,738$45,075$36,168$28,823$22,833$16,148
21 years$52,526$41,985$33,268$26,158$20,433$14,146
22 years$49,610$39,192$30,661$23,784$18,315$12,410
23 years$46,951$36,655$28,310$21,660$16,441$10,899
24 years$44,517$34,343$26,182$19,756$14,777$9,582
25 years$42,282$32,230$24,250$18,042$13,297$8,432
26 years$40,222$30,291$22,491$16,497$11,978$7,425
27 years$38,317$28,507$20,885$15,100$10,799$6,544
28 years$36,552$26,862$19,415$13,835$9,744$5,770
29 years$34,912$25,341$18,067$12,687$8,799$5,091
30 years$33,383$23,932$16,829$11,643$7,950$4,493
31 years$31,956$22,624$15,689$10,693$7,188$3,968
32 years$30,621$21,407$14,638$9,827$6,502$3,505
33 years$29,370$20,273$13,668$9,037$5,884$3,097
34 years$28,195$19,214$12,770$8,315$5,327$2,737
35 years$27,089$18,224$11,939$7,654$4,825$2,420
36 years$26,047$17,297$11,169$7,049$4,372$2,140
37 years$25,064$16,428$10,454$6,495$3,962$1,893
38 years$24,134$15,613$9,790$5,987$3,592$1,674
39 years$23,255$14,846$9,172$5,520$3,258$1,481
40 years$22,421$14,125$8,597$5,091$2,955$1,311
41 years$21,631$13,446$8,061$4,698$2,681$1,160
42 years$20,880$12,805$7,562$4,335$2,432$1,026
43 years$20,165$12,201$7,096$4,002$2,208$909
44 years$19,486$11,630$6,660$3,695$2,004$804
45 years$18,838$11,090$6,254$3,413$1,819$712
46 years$18,220$10,580$5,874$3,152$1,652$630
47 years$17,630$10,096$5,518$2,912$1,500$558
48 years$17,067$9,638$5,186$2,691$1,362$494
49 years$16,528$9,204$4,874$2,487$1,237$437
50 years$16,012$8,792$4,582$2,299$1,124$387

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 $5,067 every year, while hoping to spend $21,592 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: 49/22/29 Blend
65$16,400,000$16,400,000$16,400,000$16,400,000
66$18,078,027$17,208,827$16,954,627$18,814,413
67$19,899,012$18,029,085$17,499,633$20,152,342
68$21,905,013$18,888,813$18,062,173$21,602,604
69$24,114,881$19,789,921$18,642,812$23,177,925
70$26,549,385$20,734,413$19,242,132$24,890,157
71$29,231,414$21,724,392$19,860,736$26,752,327
72$32,186,191$22,762,060$20,499,243$28,778,749
73$35,441,510$23,849,728$21,158,295$30,985,156
74$39,028,000$24,989,821$21,838,554$33,388,844
75$42,979,413$26,184,879$22,540,703$36,008,831
76$47,332,942$27,437,567$23,265,445$38,866,027
77$52,129,575$28,750,680$24,013,511$41,983,427
78$57,414,478$30,127,150$24,785,649$45,386,321
79$63,237,422$31,570,048$25,582,636$49,102,528
80$69,653,257$33,082,598$26,405,272$53,162,647
81$76,722,424$34,668,180$27,254,384$57,600,345
82$84,511,529$36,330,339$28,130,824$62,452,659
83$93,093,971$38,072,791$29,035,472$67,760,347
84$102,550,633$39,899,435$29,969,237$73,568,255
85$112,970,648$41,814,358$30,933,057$79,925,739
86$124,452,240$43,821,847$31,927,901$86,887,116
87$137,103,650$45,926,399$32,954,767$94,512,172
88$151,044,158$48,132,729$34,014,687$102,866,713
89$166,405,210$50,445,780$35,108,727$112,023,178
90$183,331,658$52,870,740$36,237,986$122,061,310
91$201,983,126$55,413,045$37,403,597$133,068,899
92$222,535,521$58,078,400$38,606,734$145,142,597
93$245,182,689$60,872,787$39,848,604$158,388,821
94$270,138,247$63,802,477$41,130,456$172,924,741
95$297,637,600$66,874,050$42,453,578$188,879,377
96$327,940,162$70,094,406$43,819,300$206,394,797
97$361,331,807$73,470,780$45,228,995$225,627,449
98$398,127,565$77,010,762$46,684,080$246,749,620
99$438,674,597$80,722,310$48,186,017$269,951,044
100$483,355,475$84,613,771$49,736,317$295,440,681