Can I retire at age 66 with 16,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,308,543
2 years$682,708$669,993$657,671$645,723$634,134$610,898
3 years$450,618$437,848$425,556$413,721$402,321$379,710
4 years$334,595$321,865$309,696$298,063$286,938$265,128
5 years$265,000$252,346$240,337$228,941$218,126$197,178
6 years$218,618$206,059$194,228$183,086$172,596$152,534
7 years$185,501$173,048$161,404$150,525$140,367$121,196
8 years$160,675$148,334$136,884$126,272$116,448$98,165
9 years$141,376$129,152$117,898$107,555$98,066$80,660
10 years$125,946$113,841$102,786$92,714$83,557$67,013
11 years$113,329$101,346$90,491$80,689$71,862$56,162
12 years$102,823$90,963$80,309$70,775$62,274$47,397
13 years$93,940$82,204$71,750$62,484$54,304$40,228
14 years$86,333$74,721$64,468$55,466$47,603$34,302
15 years$79,745$68,259$58,206$49,466$41,913$29,363
16 years$73,987$62,626$52,772$44,291$37,043$25,217
17 years$68,912$57,676$48,021$39,795$32,845$21,715
18 years$64,405$53,296$43,837$35,864$29,204$18,742
19 years$60,378$49,394$40,130$32,406$26,030$16,208
20 years$56,758$45,899$36,830$29,350$23,251$14,041
21 years$53,487$42,753$33,876$26,637$20,807$12,180
22 years$50,517$39,909$31,222$24,219$18,650$10,580
23 years$47,810$37,326$28,828$22,057$16,742$9,199
24 years$45,332$34,972$26,661$20,117$15,048$8,006
25 years$43,055$32,819$24,694$18,372$13,541$6,973
26 years$40,957$30,845$22,902$16,798$12,197$6,078
27 years$39,018$29,029$21,267$15,376$10,997$5,300
28 years$37,221$27,353$19,770$14,088$9,922$4,625
29 years$35,550$25,805$18,398$12,919$8,960$4,037
30 years$33,994$24,370$17,137$11,856$8,096$3,526
31 years$32,541$23,038$15,976$10,889$7,319$3,080
32 years$31,182$21,798$14,906$10,007$6,621$2,692
33 years$29,907$20,643$13,918$9,202$5,992$2,353
34 years$28,710$19,565$13,004$8,467$5,425$2,057
35 years$27,584$18,557$12,158$7,794$4,914$1,799
36 years$26,523$17,614$11,373$7,178$4,452$1,573
37 years$25,522$16,729$10,645$6,614$4,035$1,376
38 years$24,576$15,898$9,969$6,096$3,658$1,204
39 years$23,680$15,118$9,340$5,621$3,317$1,053
40 years$22,832$14,383$8,754$5,185$3,009$922
41 years$22,026$13,692$8,209$4,783$2,730$807
42 years$21,262$13,039$7,700$4,415$2,477$706
43 years$20,534$12,424$7,225$4,075$2,248$618
44 years$19,842$11,843$6,782$3,763$2,040$541
45 years$19,182$11,293$6,368$3,475$1,852$473
46 years$18,553$10,773$5,981$3,210$1,682$414
47 years$17,953$10,281$5,619$2,966$1,527$363
48 years$17,379$9,814$5,281$2,740$1,387$318
49 years$16,830$9,372$4,963$2,533$1,260$278
50 years$16,305$8,953$4,666$2,341$1,144$243

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $16,700,000, adding $6,325 every year, while hoping to spend $30,805 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: 24/47/29 Blend
65$16,700,000$16,700,000$16,700,000$16,700,000
66$18,409,924$17,524,824$17,265,974$18,683,819
67$20,254,960$18,350,764$17,811,608$19,744,791
68$22,287,157$19,216,143$18,374,488$20,877,687
69$24,525,574$20,122,860$18,955,160$22,090,839
70$26,991,210$21,072,908$19,554,186$23,390,952
71$29,707,208$22,068,375$20,172,145$24,785,351
72$32,699,069$23,111,452$20,809,638$26,282,040
73$35,994,894$24,204,433$21,467,281$27,889,767
74$39,625,650$25,349,727$22,145,712$29,618,100
75$43,625,460$26,549,857$22,845,587$31,477,507
76$48,031,928$27,807,471$23,567,584$33,479,440
77$52,886,490$29,125,343$24,312,404$35,636,436
78$58,234,810$30,506,382$25,080,768$37,962,225
79$64,127,206$31,953,641$25,873,419$40,471,840
80$70,619,129$33,470,317$26,691,126$43,181,755
81$77,771,683$35,059,765$27,534,681$46,110,023
82$85,652,203$36,725,502$28,404,902$49,276,431
83$94,334,893$38,471,216$29,302,631$52,702,675
84$103,901,520$40,300,774$30,228,738$56,412,549
85$114,442,195$42,218,232$31,184,120$60,432,153
86$126,056,214$44,227,841$32,169,704$64,790,124
87$138,853,002$46,334,059$33,186,443$69,517,885
88$152,953,143$48,541,562$34,235,323$74,649,931
89$168,489,518$50,855,253$35,317,360$80,224,126
90$185,608,560$53,280,272$36,433,603$86,282,049
91$204,471,637$55,822,009$37,585,133$92,869,360
92$225,256,575$58,486,119$38,773,066$100,036,212
93$248,159,335$61,278,528$39,998,553$107,837,701
94$273,395,864$64,205,453$41,262,782$116,334,360
95$301,204,134$67,273,411$42,566,976$125,592,710
96$331,846,387$70,489,240$43,912,401$135,685,858
97$365,611,611$73,860,106$45,300,360$146,694,160
98$402,818,271$77,393,526$46,732,197$158,705,953
99$443,817,310$81,097,384$48,209,301$171,818,356
100$488,995,465$84,979,945$49,733,102$186,138,159