Can I retire at age 66 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,301,887
2 years$690,884$678,017$665,547$653,456$641,728$596,102
3 years$456,014$443,092$430,653$418,676$407,139$363,062
4 years$338,602$325,719$313,405$301,632$290,375$248,184
5 years$268,174$255,368$243,215$231,683$220,738$180,546
6 years$221,236$208,527$196,554$185,278$174,663$136,500
7 years$187,723$175,121$163,337$152,328$142,048$105,908
8 years$162,599$150,111$138,523$127,784$117,842$83,699
9 years$143,069$130,698$119,310$108,843$99,240$67,051
10 years$127,454$115,204$104,017$93,824$84,558$54,270
11 years$114,686$102,560$91,575$81,655$72,722$44,277
12 years$104,054$92,052$81,270$71,622$63,020$36,352
13 years$95,065$83,188$72,610$63,232$54,954$29,995
14 years$87,366$75,616$65,240$56,130$48,173$24,850
15 years$80,700$69,076$58,903$50,058$42,415$20,656
16 years$74,873$63,376$53,404$44,822$37,487$17,215
17 years$69,737$58,367$48,596$40,272$33,238$14,379
18 years$65,177$53,934$44,362$36,293$29,554$12,032
19 years$61,101$49,985$40,611$32,794$26,342$10,084
20 years$57,438$46,449$37,271$29,701$23,529$8,461
21 years$54,127$43,265$34,282$26,956$21,056$7,107
22 years$51,122$40,386$31,596$24,509$18,874$5,975
23 years$48,382$37,773$29,173$22,321$16,942$5,027
24 years$45,874$35,391$26,980$20,358$15,228$4,232
25 years$43,571$33,212$24,989$18,592$13,703$3,565
26 years$41,448$31,214$23,176$17,000$12,343$3,004
27 years$39,485$29,376$21,521$15,560$11,128$2,532
28 years$37,666$27,681$20,007$14,256$10,041$2,135
29 years$35,976$26,114$18,618$13,073$9,067$1,801
30 years$34,401$24,662$17,342$11,998$8,193$1,519
31 years$32,931$23,314$16,167$11,019$7,407$1,282
32 years$31,555$22,059$15,084$10,127$6,700$1,082
33 years$30,265$20,891$14,084$9,313$6,064$913
34 years$29,054$19,800$13,160$8,568$5,490$771
35 years$27,915$18,780$12,303$7,888$4,972$651
36 years$26,841$17,825$11,510$7,264$4,505$549
37 years$25,828$16,929$10,773$6,693$4,083$464
38 years$24,870$16,089$10,088$6,169$3,702$392
39 years$23,964$15,299$9,452$5,688$3,357$331
40 years$23,105$14,556$8,859$5,247$3,045$279
41 years$22,290$13,856$8,307$4,841$2,762$236
42 years$21,516$13,196$7,792$4,467$2,507$199
43 years$20,780$12,573$7,312$4,124$2,275$168
44 years$20,080$11,984$6,863$3,808$2,065$142
45 years$19,412$11,428$6,445$3,517$1,875$120
46 years$18,775$10,902$6,053$3,248$1,702$101
47 years$18,168$10,404$5,687$3,001$1,545$86
48 years$17,587$9,932$5,344$2,773$1,404$72
49 years$17,032$9,484$5,023$2,563$1,275$61
50 years$16,500$9,060$4,722$2,369$1,158$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $16,900,000, adding $5,679 every year, while hoping to spend $44,092 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: 30/45/25 Blend
65$16,900,000$16,900,000$16,900,000$16,900,000
66$18,629,658$17,733,958$17,472,008$19,044,252
67$20,482,969$18,556,008$18,010,407$20,187,335
68$22,523,841$19,416,861$18,565,364$21,411,890
69$24,771,357$20,318,372$19,137,388$22,728,367
70$27,246,548$21,262,484$19,727,002$24,144,771
71$29,972,586$22,251,236$20,334,747$25,669,864
72$32,975,006$23,286,764$20,961,178$27,313,242
73$36,281,949$24,371,307$21,606,869$29,085,411
74$39,924,419$25,507,212$22,272,411$30,997,884
75$43,936,585$26,696,941$22,958,412$33,063,275
76$48,356,098$27,943,073$23,665,500$35,295,412
77$53,224,448$29,248,311$24,394,323$37,709,455
78$58,587,355$30,615,491$25,145,545$40,322,029
79$64,495,199$32,047,584$25,919,855$43,151,371
80$71,003,499$33,547,706$26,717,960$46,217,489
81$78,173,435$35,119,122$27,540,591$49,542,339
82$86,072,422$36,765,256$28,388,498$53,150,019
83$94,774,754$38,489,698$29,262,456$57,066,985
84$104,362,295$40,296,210$30,163,265$61,322,285
85$114,925,262$42,188,737$31,091,748$65,947,819
86$126,563,070$44,171,416$32,048,752$70,978,625
87$139,385,269$46,248,582$33,035,152$76,453,194
88$153,512,586$48,424,781$34,051,848$82,413,816
89$169,078,054$50,704,780$35,099,769$88,906,963
90$186,228,276$53,093,575$36,179,872$95,983,707
91$205,124,805$55,596,405$37,293,143$103,700,186
92$225,945,669$58,218,763$38,440,597$112,118,111
93$248,887,052$60,966,407$39,623,282$121,305,330
94$274,165,147$63,845,377$40,842,278$131,336,445
95$302,018,193$66,862,001$42,098,695$142,293,495
96$332,708,729$70,022,919$43,393,681$154,266,705
97$366,526,066$73,335,089$44,728,417$167,355,310
98$403,789,025$76,805,809$46,104,119$181,668,473
99$444,848,940$80,442,728$47,522,042$197,326,281
100$490,092,981$84,253,870$48,983,478$214,460,852