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%19.3%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,297,236
2 years$690,884$678,017$665,547$653,456$641,728$591,535
3 years$456,014$443,092$430,653$418,676$407,139$358,724
4 years$338,602$325,719$313,405$301,632$290,375$244,108
5 years$268,174$255,368$243,215$231,683$220,738$176,739
6 years$221,236$208,527$196,554$185,278$174,663$132,962
7 years$187,723$175,121$163,337$152,328$142,048$102,634
8 years$162,599$150,111$138,523$127,784$117,842$80,680
9 years$143,069$130,698$119,310$108,843$99,240$64,277
10 years$127,454$115,204$104,017$93,824$84,558$51,730
11 years$114,686$102,560$91,575$81,655$72,722$41,959
12 years$104,054$92,052$81,270$71,622$63,020$34,242
13 years$95,065$83,188$72,610$63,232$54,954$28,081
14 years$87,366$75,616$65,240$56,130$48,173$23,119
15 years$80,700$69,076$58,903$50,058$42,415$19,094
16 years$74,873$63,376$53,404$44,822$37,487$15,810
17 years$69,737$58,367$48,596$40,272$33,238$13,118
18 years$65,177$53,934$44,362$36,293$29,554$10,903
19 years$61,101$49,985$40,611$32,794$26,342$9,076
20 years$57,438$46,449$37,271$29,701$23,529$7,563
21 years$54,127$43,265$34,282$26,956$21,056$6,309
22 years$51,122$40,386$31,596$24,509$18,874$5,267
23 years$48,382$37,773$29,173$22,321$16,942$4,400
24 years$45,874$35,391$26,980$20,358$15,228$3,677
25 years$43,571$33,212$24,989$18,592$13,703$3,075
26 years$41,448$31,214$23,176$17,000$12,343$2,573
27 years$39,485$29,376$21,521$15,560$11,128$2,153
28 years$37,666$27,681$20,007$14,256$10,041$1,802
29 years$35,976$26,114$18,618$13,073$9,067$1,509
30 years$34,401$24,662$17,342$11,998$8,193$1,263
31 years$32,931$23,314$16,167$11,019$7,407$1,058
32 years$31,555$22,059$15,084$10,127$6,700$886
33 years$30,265$20,891$14,084$9,313$6,064$743
34 years$29,054$19,800$13,160$8,568$5,490$622
35 years$27,915$18,780$12,303$7,888$4,972$521
36 years$26,841$17,825$11,510$7,264$4,505$437
37 years$25,828$16,929$10,773$6,693$4,083$366
38 years$24,870$16,089$10,088$6,169$3,702$307
39 years$23,964$15,299$9,452$5,688$3,357$257
40 years$23,105$14,556$8,859$5,247$3,045$215
41 years$22,290$13,856$8,307$4,841$2,762$181
42 years$21,516$13,196$7,792$4,467$2,507$151
43 years$20,780$12,573$7,312$4,124$2,275$127
44 years$20,080$11,984$6,863$3,808$2,065$106
45 years$19,412$11,428$6,445$3,517$1,875$89
46 years$18,775$10,902$6,053$3,248$1,702$75
47 years$18,168$10,404$5,687$3,001$1,545$63
48 years$17,587$9,932$5,344$2,773$1,404$52
49 years$17,032$9,484$5,023$2,563$1,275$44
50 years$16,500$9,060$4,722$2,369$1,158$37

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 $5,485 every year, while hoping to spend $31,361 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: 69/24/7 Blend
65$16,900,000$16,900,000$16,900,000$16,900,000
66$18,629,458$17,733,758$17,471,808$19,893,638
67$20,496,295$18,569,344$18,023,745$21,566,738
68$22,552,498$19,444,823$18,593,122$23,391,924
69$24,817,349$20,362,116$19,180,488$25,387,594
70$27,312,097$21,323,238$19,786,413$27,570,453
71$30,060,156$22,330,302$20,411,483$29,958,879
72$33,087,327$23,385,522$21,056,303$32,573,091
73$36,422,042$24,491,220$21,721,497$35,435,339
74$40,095,632$25,649,831$22,407,708$38,570,107
75$44,142,622$26,863,909$23,115,602$42,004,336
76$48,601,058$28,136,129$23,845,863$45,767,680
77$53,512,865$29,469,298$24,599,199$49,892,776
78$58,924,243$30,866,359$25,376,338$54,415,547
79$64,886,103$32,330,398$26,178,032$59,375,536
80$71,454,548$33,864,650$27,005,059$64,816,274
81$78,691,401$35,472,507$27,858,217$70,785,681
82$86,664,791$37,157,527$28,738,334$77,336,517
83$95,449,793$38,923,439$29,646,262$84,526,867
84$105,129,138$40,774,154$30,582,878$92,420,690
85$115,793,996$42,713,773$31,549,090$101,088,404
86$127,544,833$44,746,597$32,545,833$110,607,553
87$140,492,360$46,877,134$33,574,073$121,063,526
88$154,758,580$49,110,113$34,634,804$132,550,353
89$170,477,939$51,450,492$35,729,054$145,171,587
90$187,798,593$53,903,471$36,857,881$159,041,268
91$206,883,808$56,474,500$38,022,379$174,284,993
92$227,913,503$59,169,297$39,223,676$191,041,090
93$251,085,945$61,993,857$40,462,933$209,461,909
94$276,619,621$64,954,466$41,741,351$229,715,255
95$304,755,304$68,057,716$43,060,168$251,985,955
96$335,758,322$71,310,521$44,420,661$276,477,592
97$369,921,064$74,720,130$45,824,146$303,414,415
98$407,565,741$78,294,145$47,271,983$333,043,437
99$449,047,425$82,040,537$48,765,574$365,636,758
100$494,757,406$85,967,666$50,306,364$401,494,115