Can I retire at age 65 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,240,493
2 years$654,092$641,910$630,104$618,657$607,554$572,183
3 years$431,730$419,495$407,719$396,379$385,457$351,193
4 years$320,570$308,373$296,715$285,569$274,911$242,017
5 years$253,892$241,768$230,263$219,344$208,983$177,549
6 years$209,455$197,422$186,087$175,411$165,361$135,417
7 years$177,726$165,795$154,639$144,215$134,483$106,030
8 years$153,940$142,117$131,146$120,979$111,567$84,589
9 years$135,450$123,738$112,956$103,047$93,955$68,427
10 years$120,667$109,069$98,478$88,828$80,054$55,943
11 years$108,579$97,098$86,698$77,307$68,850$46,116
12 years$98,513$87,150$76,942$67,808$59,664$38,265
13 years$90,002$78,758$68,743$59,865$52,028$31,918
14 years$82,714$71,589$61,766$53,141$45,607$26,738
15 years$76,403$65,398$55,766$47,392$40,156$22,477
16 years$70,886$60,001$50,560$42,435$35,490$18,950
17 years$66,023$55,259$46,008$38,127$31,468$16,015
18 years$61,706$51,062$41,999$34,360$27,980$13,562
19 years$57,847$47,323$38,448$31,048$24,939$11,503
20 years$54,379$43,975$35,286$28,120$22,276$9,771
21 years$51,245$40,961$32,456$25,520$19,935$8,310
22 years$48,400$38,236$29,913$23,204$17,869$7,074
23 years$45,806$35,761$27,620$21,132$16,040$6,027
24 years$43,431$33,506$25,544$19,274$14,417$5,139
25 years$41,250$31,444$23,659$17,602$12,973$4,384
26 years$39,241$29,552$21,942$16,094$11,686$3,742
27 years$37,383$27,812$20,375$14,731$10,536$3,196
28 years$35,661$26,207$18,941$13,497$9,506$2,730
29 years$34,060$24,723$17,627$12,377$8,584$2,333
30 years$32,569$23,348$16,418$11,359$7,756$1,994
31 years$31,177$22,072$15,306$10,433$7,012$1,705
32 years$29,875$20,885$14,281$9,588$6,343$1,458
33 years$28,654$19,778$13,334$8,817$5,741$1,247
34 years$27,507$18,745$12,459$8,112$5,197$1,067
35 years$26,428$17,779$11,648$7,468$4,708$913
36 years$25,412$16,875$10,897$6,878$4,265$781
37 years$24,452$16,028$10,199$6,337$3,866$668
38 years$23,546$15,232$9,551$5,841$3,505$572
39 years$22,688$14,484$8,948$5,385$3,178$489
40 years$21,875$13,780$8,387$4,967$2,883$419
41 years$21,103$13,118$7,864$4,583$2,615$359
42 years$20,370$12,493$7,377$4,230$2,373$307
43 years$19,674$11,903$6,922$3,904$2,154$263
44 years$19,010$11,346$6,498$3,605$1,955$225
45 years$18,378$10,820$6,101$3,329$1,775$192
46 years$17,776$10,322$5,731$3,075$1,611$165
47 years$17,200$9,850$5,384$2,841$1,463$141
48 years$16,650$9,403$5,059$2,625$1,329$121
49 years$16,125$8,979$4,755$2,426$1,207$103
50 years$15,622$8,577$4,471$2,243$1,096$89

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $16,000,000, adding $6,552 every year, while hoping to spend $28,716 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: 63/32/5 Blend
64$16,000,000$16,000,000$16,000,000$16,000,000
65$17,638,758$16,790,758$16,542,758$18,736,502
66$19,407,358$17,582,952$17,066,387$20,260,397
67$21,355,393$18,413,001$17,606,595$21,919,464
68$23,501,134$19,282,729$18,163,907$23,729,997
69$25,864,717$20,194,050$18,738,865$25,706,644
70$28,468,329$21,148,969$19,332,028$27,865,513
71$31,336,420$22,149,590$19,943,973$30,224,314
72$34,495,932$23,198,117$20,575,293$32,802,522
73$37,976,555$24,296,863$21,226,604$35,621,557
74$41,811,006$25,448,252$21,898,537$38,704,981
75$46,035,338$26,654,825$22,591,747$42,078,710
76$50,689,279$27,919,248$23,306,907$45,771,257
77$55,816,609$29,244,315$24,044,713$49,813,989
78$61,465,574$30,632,957$24,805,881$54,241,422
79$67,689,336$32,088,246$25,591,152$59,091,536
80$74,546,483$33,613,404$26,401,290$64,406,125
81$82,101,572$35,211,809$27,237,081$70,231,184
82$90,425,747$36,887,003$28,099,338$76,617,338
83$99,597,408$38,642,701$28,988,901$83,620,305
84$109,702,948$40,482,797$29,906,633$91,301,417
85$120,837,571$42,411,376$30,853,427$99,728,189
86$133,106,190$44,432,721$31,830,204$108,974,942
87$146,624,419$46,551,321$32,837,913$119,123,499
88$161,519,661$48,771,888$33,877,535$130,263,942
89$177,932,314$51,099,358$34,950,080$142,495,455
90$196,017,093$53,538,909$36,056,591$155,927,242
91$215,944,494$56,095,973$37,198,144$170,679,549
92$237,902,400$58,776,243$38,375,849$186,884,787
93$262,097,857$61,585,691$39,590,852$204,688,761
94$288,759,026$64,530,578$40,844,334$224,252,040
95$318,137,342$67,617,472$42,137,514$245,751,449
96$350,509,880$70,853,257$43,471,650$269,381,730
97$386,181,976$74,245,155$44,848,038$295,357,357
98$425,490,109$77,800,739$46,268,019$323,914,542
99$468,805,075$81,527,950$47,732,973$355,313,454
100$516,535,489$85,435,116$49,244,324$389,840,647