Can I retire at age 66 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,331,213
2 years$686,796$674,005$661,609$649,590$637,931$629,415
3 years$453,316$440,470$428,105$416,198$404,730$396,404
4 years$336,599$323,792$311,551$299,847$288,657$280,585
5 years$266,587$253,857$241,776$230,312$219,432$211,639
6 years$219,927$207,293$195,391$184,182$173,629$166,124
7 years$186,612$174,085$162,371$151,426$141,207$133,993
8 years$161,637$149,223$137,703$127,028$117,145$110,223
9 years$142,223$129,925$118,604$108,199$98,653$92,021
10 years$126,700$114,523$103,402$93,269$84,057$77,712
11 years$114,008$101,953$91,033$81,172$72,292$66,230
12 years$103,439$91,507$80,790$71,199$62,647$56,862
13 years$94,503$82,696$72,180$62,858$54,629$49,115
14 years$86,849$75,168$64,854$55,798$47,888$42,639
15 years$80,223$68,668$58,555$49,762$42,164$37,173
16 years$74,430$63,001$53,088$44,557$37,265$32,525
17 years$69,325$58,022$48,308$40,034$33,041$28,545
18 years$64,791$53,615$44,099$36,078$29,379$25,118
19 years$60,740$49,690$40,371$32,600$26,186$22,152
20 years$57,098$46,174$37,050$29,526$23,390$19,575
21 years$53,807$43,009$34,079$26,796$20,931$17,328
22 years$50,820$40,148$31,409$24,364$18,762$15,361
23 years$48,096$37,549$29,001$22,189$16,842$13,636
24 years$45,603$35,181$26,821$20,237$15,138$12,118
25 years$43,313$33,016$24,841$18,482$13,622$10,780
26 years$41,203$31,029$23,039$16,899$12,270$9,599
27 years$39,252$29,202$21,394$15,468$11,062$8,553
28 years$37,444$27,517$19,888$14,172$9,982$7,627
29 years$35,763$25,959$18,508$12,996$9,013$6,806
30 years$34,198$24,516$17,239$11,927$8,144$6,076
31 years$32,736$23,176$16,072$10,954$7,363$5,427
32 years$31,368$21,929$14,995$10,067$6,660$4,849
33 years$30,086$20,767$14,001$9,258$6,028$4,335
34 years$28,882$19,682$13,082$8,518$5,457$3,877
35 years$27,750$18,668$12,231$7,841$4,943$3,468
36 years$26,682$17,719$11,441$7,221$4,479$3,103
37 years$25,675$16,829$10,709$6,654$4,059$2,777
38 years$24,723$15,994$10,028$6,133$3,680$2,486
39 years$23,822$15,208$9,396$5,655$3,337$2,226
40 years$22,968$14,469$8,807$5,216$3,027$1,993
41 years$22,158$13,774$8,258$4,812$2,746$1,785
42 years$21,389$13,117$7,746$4,441$2,492$1,599
43 years$20,657$12,498$7,269$4,100$2,261$1,433
44 years$19,961$11,913$6,823$3,785$2,053$1,284
45 years$19,297$11,361$6,406$3,496$1,863$1,150
46 years$18,664$10,838$6,017$3,229$1,692$1,031
47 years$18,060$10,342$5,653$2,983$1,536$924
48 years$17,483$9,873$5,312$2,757$1,395$828
49 years$16,931$9,428$4,993$2,548$1,267$742
50 years$16,403$9,006$4,694$2,355$1,151$665

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $16,800,000, adding $3,260 every year, while hoping to spend $23,916 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: 48/45/7 Blend
65$16,800,000$16,800,000$16,800,000$16,800,000
66$18,516,963$17,626,563$17,366,163$19,371,460
67$20,380,246$18,464,818$17,922,483$20,795,121
68$22,432,784$19,343,346$18,496,638$22,337,136
69$24,693,853$20,264,095$19,089,200$24,010,721
70$27,184,698$21,229,108$19,700,761$25,828,118
71$29,928,730$22,240,527$20,331,929$27,802,768
72$32,951,745$23,300,598$20,983,334$29,949,422
73$36,282,173$24,411,676$21,655,625$32,284,274
74$39,951,338$25,576,232$22,349,472$34,825,112
75$43,993,762$26,796,855$23,065,567$37,591,467
76$48,447,486$28,076,262$23,804,624$40,604,795
77$53,354,431$29,417,299$24,567,379$43,888,668
78$58,760,790$30,822,955$25,354,594$47,468,987
79$64,717,471$32,296,360$26,167,054$51,374,214
80$71,280,571$33,840,799$27,005,567$55,635,631
81$78,511,907$35,459,716$27,870,972$60,287,624
82$86,479,602$37,156,722$28,764,130$65,367,994
83$95,258,725$38,935,606$29,685,932$70,918,302
84$104,932,002$40,800,338$30,637,298$76,984,249
85$115,590,596$42,755,084$31,619,177$83,616,090
86$127,334,965$44,804,211$32,632,548$90,869,098
87$140,275,815$46,952,301$33,678,422$98,804,065
88$154,535,142$49,204,157$34,757,842$107,487,867
89$170,247,382$51,564,817$35,871,886$116,994,071
90$187,560,685$54,039,562$37,021,664$127,403,617
91$206,638,309$56,633,935$38,208,323$138,805,559
92$227,660,163$59,353,745$39,433,049$151,297,892
93$250,824,506$62,205,084$40,697,062$164,988,450
94$276,349,816$65,194,344$42,001,625$179,995,909
95$304,476,857$68,328,226$43,348,039$196,450,880
96$335,470,945$71,613,758$44,737,647$214,497,119
97$369,624,460$75,058,311$46,171,837$234,292,865
98$407,259,601$78,669,615$47,652,039$256,012,299
99$448,731,430$82,455,775$49,179,732$279,847,170
100$494,431,223$86,425,296$50,756,440$306,008,570