Can I retire at age 66 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,272,696
2 years$678,620$665,981$653,733$641,856$630,337$579,552
3 years$447,919$435,226$423,008$411,244$399,912$350,951
4 years$332,592$319,937$307,842$296,278$285,220$238,458
5 years$263,413$250,835$238,898$227,570$216,820$172,375
6 years$217,309$204,825$193,065$181,989$171,562$129,465
7 years$184,391$172,012$160,438$149,624$139,526$99,763
8 years$159,713$147,446$136,064$125,515$115,750$78,283
9 years$140,529$128,378$117,192$106,911$97,479$62,253
10 years$125,192$113,159$102,171$92,159$83,057$50,006
11 years$112,651$100,739$89,949$80,206$71,431$40,481
12 years$102,207$90,418$79,828$70,351$61,901$32,970
13 years$93,377$81,711$71,321$62,109$53,979$26,982
14 years$85,816$74,273$64,082$55,134$47,318$22,168
15 years$79,268$67,850$57,857$49,170$41,662$18,269
16 years$73,544$62,251$52,456$44,026$36,821$15,094
17 years$68,499$57,331$47,733$39,557$32,648$12,496
18 years$64,020$52,976$43,574$35,649$29,029$10,363
19 years$60,017$49,098$39,890$32,212$25,874$8,606
20 years$56,418$45,624$36,609$29,174$23,111$7,155
21 years$53,167$42,497$33,673$26,477$20,682$5,955
22 years$50,215$39,670$31,035$24,074$18,539$4,960
23 years$47,523$37,102$28,656$21,925$16,641$4,133
24 years$45,060$34,762$26,501$19,996$14,958$3,447
25 years$42,797$32,623$24,546$18,262$13,460$2,875
26 years$40,712$30,660$22,765$16,698$12,124$2,400
27 years$38,785$28,855$21,139$15,284$10,931$2,003
28 years$36,998$27,190$19,652$14,003$9,863$1,673
29 years$35,337$25,650$18,288$12,841$8,906$1,397
30 years$33,790$24,224$17,034$11,785$8,047$1,167
31 years$32,346$22,900$15,880$10,824$7,275$975
32 years$30,995$21,668$14,817$9,947$6,581$815
33 years$29,728$20,520$13,834$9,147$5,956$681
34 years$28,538$19,448$12,926$8,416$5,392$569
35 years$27,419$18,446$12,085$7,748$4,884$476
36 years$26,365$17,508$11,305$7,135$4,425$398
37 years$25,369$16,629$10,582$6,574$4,011$332
38 years$24,429$15,803$9,909$6,060$3,636$278
39 years$23,538$15,027$9,284$5,587$3,297$232
40 years$22,695$14,297$8,702$5,154$2,991$194
41 years$21,894$13,610$8,159$4,755$2,713$162
42 years$21,134$12,961$7,654$4,388$2,462$136
43 years$20,411$12,350$7,182$4,051$2,234$113
44 years$19,723$11,772$6,742$3,740$2,028$95
45 years$19,067$11,225$6,330$3,454$1,841$79
46 years$18,442$10,709$5,945$3,191$1,672$66
47 years$17,845$10,219$5,586$2,948$1,518$55
48 years$17,275$9,756$5,249$2,724$1,379$46
49 years$16,729$9,316$4,934$2,517$1,252$39
50 years$16,207$8,899$4,638$2,327$1,137$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $16,600,000, adding $4,682 every year, while hoping to spend $51,850 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: 60/30/10 Blend
65$16,600,000$16,600,000$16,600,000$16,600,000
66$18,298,029$17,418,229$17,160,929$19,353,373
67$20,109,260$18,216,555$17,680,653$20,860,660
68$22,103,499$19,052,260$18,216,049$22,497,718
69$24,299,358$19,927,123$18,767,588$24,282,083
70$26,717,345$20,843,004$19,335,755$26,227,951
71$29,380,060$21,801,857$19,921,048$28,350,930
72$32,312,404$22,805,726$20,523,981$30,668,182
73$35,541,818$23,856,755$21,145,084$33,198,582
74$39,098,539$24,957,192$21,784,899$35,962,884
75$43,015,886$26,109,391$22,443,990$38,983,919
76$47,330,576$27,315,820$23,122,933$42,286,801
77$52,083,067$28,579,068$23,822,323$45,899,155
78$57,317,942$29,901,844$24,542,773$49,851,379
79$63,084,330$31,286,993$25,284,914$54,176,915
80$69,436,368$32,737,492$26,049,396$58,912,564
81$76,433,714$34,256,465$26,836,886$64,098,823
82$84,142,106$35,847,185$27,648,075$69,780,260
83$92,633,987$37,513,083$28,483,672$76,005,928
84$101,989,185$39,257,756$29,344,407$82,829,817
85$112,295,670$41,084,973$30,231,032$90,311,356
86$123,650,379$42,998,688$31,144,322$98,515,964
87$136,160,135$45,003,041$32,085,074$107,515,660
88$149,942,655$47,102,377$33,054,111$117,389,730
89$165,127,659$49,301,246$34,052,277$128,225,463
90$181,858,096$51,604,423$35,080,443$140,118,971
91$200,291,491$54,016,908$36,139,507$153,176,076
92$220,601,433$56,543,947$37,230,391$167,513,302
93$242,979,217$59,191,038$38,354,047$183,258,961
94$267,635,642$61,963,944$39,511,452$200,554,349
95$294,803,008$64,868,708$40,703,616$219,555,069
96$324,737,304$67,911,663$41,931,577$240,432,481
97$357,720,626$71,099,452$43,196,402$263,375,309
98$394,063,841$74,439,036$44,499,192$288,591,403
99$434,109,518$77,937,715$45,841,081$316,309,683
100$478,235,167$81,603,140$47,223,234$346,782,288