Can I retire at age 66 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,292,341
2 years$674,532$661,969$649,794$637,990$626,540$603,052
3 years$445,221$432,604$420,460$408,766$397,502$374,652
4 years$330,588$318,010$305,987$294,493$283,502$261,464
5 years$261,826$249,324$237,459$226,199$215,514$194,351
6 years$216,000$203,592$191,902$180,893$170,529$150,265
7 years$183,280$170,976$159,471$148,722$138,686$119,327
8 years$158,751$146,558$135,244$124,759$115,053$96,595
9 years$139,683$127,605$116,486$106,267$96,891$79,323
10 years$124,437$112,478$101,555$91,603$82,556$65,862
11 years$111,972$100,132$89,407$79,722$71,001$55,162
12 years$101,592$89,873$79,347$69,927$61,528$46,524
13 years$92,815$81,219$70,891$61,735$53,654$39,460
14 years$85,299$73,826$63,696$54,802$47,032$33,625
15 years$78,790$67,441$57,509$48,873$41,411$28,764
16 years$73,101$61,876$52,140$43,761$36,599$24,684
17 years$68,087$56,986$47,446$39,319$32,451$21,241
18 years$63,634$52,657$43,312$35,434$28,854$18,320
19 years$59,655$48,802$39,650$32,018$25,718$15,832
20 years$56,078$45,349$36,389$28,998$22,972$13,704
21 years$52,846$42,241$33,470$26,318$20,558$11,880
22 years$49,912$39,431$30,848$23,929$18,427$10,310
23 years$47,237$36,879$28,483$21,793$16,541$8,958
24 years$44,789$34,553$26,342$19,876$14,867$7,790
25 years$42,540$32,426$24,398$18,152$13,378$6,780
26 years$40,467$30,475$22,628$16,597$12,051$5,904
27 years$38,551$28,681$21,012$15,192$10,865$5,145
28 years$36,775$27,026$19,533$13,919$9,804$4,486
29 years$35,124$25,496$18,177$12,764$8,852$3,913
30 years$33,587$24,078$16,932$11,714$7,999$3,414
31 years$32,151$22,762$15,785$10,759$7,232$2,980
32 years$30,808$21,537$14,727$9,887$6,541$2,602
33 years$29,549$20,396$13,751$9,092$5,920$2,272
34 years$28,367$19,331$12,848$8,366$5,360$1,985
35 years$27,254$18,335$12,012$7,701$4,855$1,734
36 years$26,206$17,403$11,237$7,092$4,399$1,516
37 years$25,216$16,529$10,518$6,535$3,987$1,325
38 years$24,281$15,708$9,849$6,023$3,614$1,158
39 years$23,397$14,937$9,228$5,554$3,277$1,012
40 years$22,558$14,211$8,649$5,123$2,973$885
41 years$21,763$13,528$8,110$4,726$2,697$774
42 years$21,007$12,883$7,608$4,362$2,447$677
43 years$20,288$12,275$7,139$4,026$2,221$592
44 years$19,604$11,701$6,701$3,718$2,016$517
45 years$18,953$11,158$6,292$3,433$1,830$453
46 years$18,331$10,644$5,910$3,171$1,662$396
47 years$17,738$10,158$5,552$2,930$1,509$346
48 years$17,171$9,697$5,217$2,707$1,370$303
49 years$16,629$9,260$4,904$2,502$1,245$265
50 years$16,110$8,846$4,610$2,313$1,130$232

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $16,500,000, adding $6,045 every year, while hoping to spend $58,302 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: 40/42/18 Blend
65$16,500,000$16,500,000$16,500,000$16,500,000
66$18,189,235$17,314,735$17,058,985$18,819,404
67$19,982,505$18,101,125$17,568,429$20,055,718
68$21,956,733$18,924,093$18,092,984$21,386,256
69$24,130,317$19,785,371$18,633,096$22,824,447
70$26,523,528$20,686,772$19,189,224$24,380,110
71$29,158,702$21,630,198$19,761,836$26,064,017
72$32,060,451$22,617,640$20,351,420$27,887,984
73$35,255,897$23,651,184$20,958,472$29,864,979
74$38,774,925$24,733,018$21,583,507$32,009,235
75$42,650,466$25,865,434$22,227,053$34,336,376
76$46,918,807$27,050,835$22,889,654$36,863,557
77$51,619,937$28,291,737$23,571,868$39,609,618
78$56,797,916$29,590,778$24,274,272$42,595,251
79$62,501,302$30,950,724$24,997,458$45,843,188
80$68,783,597$32,374,472$25,742,035$49,378,404
81$75,703,763$33,865,060$26,508,632$53,228,343
82$83,326,769$35,425,670$27,297,893$57,423,167
83$91,724,209$37,059,638$28,110,483$61,996,028
84$100,974,980$38,770,461$28,947,085$66,983,372
85$111,166,018$40,561,804$29,808,403$72,425,266
86$122,393,127$42,437,508$30,695,160$78,365,766
87$134,761,879$44,401,599$31,608,101$84,853,323
88$148,388,610$46,458,297$32,547,991$91,941,219
89$163,401,520$48,612,025$33,515,621$99,688,060
90$179,941,881$50,867,420$34,511,800$108,158,313
91$198,165,371$53,229,341$35,537,363$117,422,897
92$218,243,543$55,702,884$36,593,169$127,559,837
93$240,365,446$58,293,387$37,680,102$138,654,984
94$264,739,407$61,006,448$38,799,071$150,802,803
95$291,594,997$63,847,934$39,951,010$164,107,249
96$321,185,201$66,823,997$41,136,883$178,682,727
97$353,788,802$69,941,084$42,357,680$194,655,149
98$389,713,016$73,205,953$43,614,418$212,163,104
99$429,296,390$76,625,691$44,908,147$231,359,139
100$472,911,995$80,207,723$46,239,943$252,411,180