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%19.8%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,264,029
2 years$674,532$661,969$649,794$637,990$626,540$575,081
3 years$445,221$432,604$420,460$408,766$397,502$347,910
4 years$330,588$318,010$305,987$294,493$283,502$236,153
5 years$261,826$249,324$237,459$226,199$215,514$170,529
6 years$216,000$203,592$191,902$180,893$170,529$127,938
7 years$183,280$170,976$159,471$148,722$138,686$98,473
8 years$158,751$146,558$135,244$124,759$115,053$77,179
9 years$139,683$127,605$116,486$106,267$96,891$61,299
10 years$124,437$112,478$101,555$91,603$82,556$49,177
11 years$111,972$100,132$89,407$79,722$71,001$39,758
12 years$101,592$89,873$79,347$69,927$61,528$32,338
13 years$92,815$81,219$70,891$61,735$53,654$26,429
14 years$85,299$73,826$63,696$54,802$47,032$21,683
15 years$78,790$67,441$57,509$48,873$41,411$17,843
16 years$73,101$61,876$52,140$43,761$36,599$14,721
17 years$68,087$56,986$47,446$39,319$32,451$12,170
18 years$63,634$52,657$43,312$35,434$28,854$10,077
19 years$59,655$48,802$39,650$32,018$25,718$8,356
20 years$56,078$45,349$36,389$28,998$22,972$6,937
21 years$52,846$42,241$33,470$26,318$20,558$5,764
22 years$49,912$39,431$30,848$23,929$18,427$4,793
23 years$47,237$36,879$28,483$21,793$16,541$3,988
24 years$44,789$34,553$26,342$19,876$14,867$3,320
25 years$42,540$32,426$24,398$18,152$13,378$2,766
26 years$40,467$30,475$22,628$16,597$12,051$2,304
27 years$38,551$28,681$21,012$15,192$10,865$1,920
28 years$36,775$27,026$19,533$13,919$9,804$1,601
29 years$35,124$25,496$18,177$12,764$8,852$1,335
30 years$33,587$24,078$16,932$11,714$7,999$1,113
31 years$32,151$22,762$15,785$10,759$7,232$929
32 years$30,808$21,537$14,727$9,887$6,541$775
33 years$29,549$20,396$13,751$9,092$5,920$646
34 years$28,367$19,331$12,848$8,366$5,360$539
35 years$27,254$18,335$12,012$7,701$4,855$450
36 years$26,206$17,403$11,237$7,092$4,399$376
37 years$25,216$16,529$10,518$6,535$3,987$313
38 years$24,281$15,708$9,849$6,023$3,614$262
39 years$23,397$14,937$9,228$5,554$3,277$218
40 years$22,558$14,211$8,649$5,123$2,973$182
41 years$21,763$13,528$8,110$4,726$2,697$152
42 years$21,007$12,883$7,608$4,362$2,447$127
43 years$20,288$12,275$7,139$4,026$2,221$106
44 years$19,604$11,701$6,701$3,718$2,016$88
45 years$18,953$11,158$6,292$3,433$1,830$74
46 years$18,331$10,644$5,910$3,171$1,662$62
47 years$17,738$10,158$5,552$2,930$1,509$51
48 years$17,171$9,697$5,217$2,707$1,370$43
49 years$16,629$9,260$4,904$2,502$1,245$36
50 years$16,110$8,846$4,610$2,313$1,130$30

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 $2,735 every year, while hoping to spend $33,386 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: 42/36/22 Blend
65$16,500,000$16,500,000$16,500,000$16,500,000
66$18,185,821$17,311,321$17,055,571$18,832,307
67$20,005,252$18,124,053$17,591,410$20,105,768
68$22,009,147$18,975,491$18,144,081$21,480,524
69$24,216,284$19,867,494$18,714,112$22,968,618
70$26,647,359$20,802,015$19,302,049$24,580,489
71$29,325,175$21,781,100$19,908,453$26,327,592
72$32,274,862$22,806,893$20,533,906$28,222,501
73$35,524,111$23,881,643$21,179,004$30,279,016
74$39,103,434$25,007,708$21,844,365$32,512,292
75$43,046,459$26,187,560$22,530,625$34,938,970
76$47,390,238$27,423,790$23,238,442$37,577,329
77$52,175,603$28,719,117$23,968,490$40,447,446
78$57,447,550$30,076,389$24,721,470$43,571,382
79$63,255,662$31,498,593$25,498,100$46,973,379
80$69,654,577$32,988,862$26,299,125$50,680,077
81$76,704,507$34,550,480$27,125,309$54,720,759
82$84,471,802$36,186,889$27,977,442$59,127,615
83$93,029,580$37,901,701$28,856,341$63,936,034
84$102,458,414$39,698,700$29,762,844$69,184,931
85$112,847,092$41,581,857$30,697,820$74,917,096
86$124,293,461$43,555,333$31,662,162$81,179,592
87$136,905,341$45,623,492$32,656,792$88,024,180
88$150,801,553$47,790,910$33,682,662$95,507,800
89$166,113,033$50,062,385$34,740,752$103,693,088
90$182,984,069$52,442,949$35,832,074$112,648,959
91$201,573,668$54,937,878$36,957,672$122,451,236
92$222,057,050$57,552,702$38,118,622$133,183,352
93$244,627,308$60,293,223$39,316,035$144,937,121
94$269,497,225$63,165,523$40,551,054$157,813,585
95$296,901,289$66,175,981$41,824,862$171,923,953
96$327,097,902$69,331,284$43,138,675$187,390,624
97$360,371,818$72,638,447$44,493,751$204,348,331
98$397,036,836$76,104,824$45,891,384$222,945,383
99$437,438,759$79,738,127$47,332,912$243,345,048
100$481,958,660$83,546,443$48,819,712$265,727,070