Can I retire at age 65 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,242,740
2 years$658,180$645,922$634,042$622,523$611,351$570,326
3 years$434,428$422,117$410,267$398,857$387,866$348,200
4 years$322,574$310,301$298,569$287,354$276,629$238,626
5 years$255,479$243,280$231,702$220,715$210,289$174,050
6 years$210,764$198,656$187,250$176,508$166,395$131,951
7 years$178,837$166,831$155,605$145,117$135,323$102,671
8 years$154,902$143,005$131,966$121,735$112,264$81,381
9 years$136,297$124,512$113,662$103,691$94,542$65,393
10 years$121,421$109,751$99,093$89,383$80,555$53,095
11 years$109,257$97,705$87,240$77,790$69,280$43,459
12 years$99,129$87,694$77,423$68,232$60,036$35,799
13 years$90,565$79,250$69,173$60,239$52,353$29,640
14 years$83,231$72,036$62,152$53,473$45,892$24,641
15 years$76,880$65,806$56,115$47,689$40,407$20,555
16 years$71,329$60,376$50,876$42,700$35,712$17,193
17 years$66,436$55,604$46,295$38,366$31,665$14,413
18 years$62,092$51,381$42,262$34,575$28,155$12,106
19 years$58,209$47,619$38,689$31,242$25,095$10,184
20 years$54,719$44,250$35,506$28,295$22,415$8,578
21 years$51,565$41,217$32,659$25,680$20,059$7,233
22 years$48,702$38,475$30,100$23,349$17,980$6,105
23 years$46,092$35,985$27,792$21,264$16,140$5,157
24 years$43,703$33,715$25,703$19,394$14,507$4,358
25 years$41,508$31,640$23,806$17,712$13,054$3,686
26 years$39,486$29,737$22,079$16,195$11,759$3,118
27 years$37,616$27,986$20,502$14,824$10,601$2,639
28 years$35,883$26,371$19,060$13,582$9,566$2,235
29 years$34,273$24,878$17,737$12,455$8,638$1,892
30 years$32,773$23,494$16,521$11,430$7,805$1,603
31 years$31,372$22,210$15,402$10,498$7,056$1,358
32 years$30,061$21,015$14,370$9,648$6,383$1,151
33 years$28,833$19,902$13,418$8,872$5,777$975
34 years$27,679$18,862$12,537$8,163$5,230$827
35 years$26,593$17,891$11,721$7,514$4,737$701
36 years$25,571$16,981$10,965$6,921$4,292$594
37 years$24,605$16,128$10,263$6,376$3,890$504
38 years$23,693$15,327$9,611$5,877$3,527$427
39 years$22,829$14,575$9,004$5,419$3,198$362
40 years$22,011$13,867$8,440$4,998$2,901$307
41 years$21,235$13,200$7,914$4,612$2,632$260
42 years$20,498$12,571$7,423$4,256$2,388$221
43 years$19,797$11,978$6,966$3,929$2,167$187
44 years$19,129$11,417$6,539$3,628$1,967$159
45 years$18,493$10,887$6,139$3,350$1,786$135
46 years$17,887$10,386$5,766$3,095$1,621$114
47 years$17,308$9,911$5,417$2,859$1,472$97
48 years$16,754$9,462$5,091$2,642$1,337$82
49 years$16,225$9,035$4,785$2,442$1,214$70
50 years$15,719$8,631$4,499$2,257$1,103$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $16,100,000, adding $6,811 every year, while hoping to spend $26,916 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: 72/23/5 Blend
64$16,100,000$16,100,000$16,100,000$16,100,000
65$17,749,226$16,895,926$16,646,376$19,019,020
66$19,531,008$17,695,187$17,175,391$20,656,013
67$21,493,630$18,532,711$17,721,226$22,443,590
68$23,655,510$19,410,343$18,284,416$24,399,840
69$26,036,941$20,330,019$18,865,513$26,541,364
70$28,660,288$21,293,769$19,465,087$28,886,425
71$31,550,195$22,303,721$20,083,725$31,455,121
72$34,733,819$23,362,108$20,722,034$34,269,568
73$38,241,086$24,471,269$21,380,640$37,354,109
74$42,104,974$25,633,658$22,060,188$40,735,534
75$46,361,822$26,851,848$22,761,345$44,443,333
76$51,051,676$28,128,537$23,484,798$48,509,965
77$56,218,665$29,466,553$24,231,257$52,971,163
78$61,911,418$30,868,863$25,001,453$57,866,266
79$68,183,523$32,338,578$25,796,142$63,238,582
80$75,094,033$33,878,959$26,616,103$69,135,792
81$82,708,022$35,493,425$27,462,140$75,610,397
82$91,097,201$37,185,564$28,335,083$82,720,203
83$100,340,595$38,959,136$29,235,788$90,528,864
84$110,525,287$40,818,085$30,165,138$99,106,470
85$121,747,241$42,766,546$31,124,045$108,530,210
86$134,112,208$44,808,855$32,113,448$118,885,085
87$147,736,724$46,949,559$33,134,320$130,264,707
88$162,749,210$49,193,428$34,187,660$142,772,174
89$179,291,185$51,545,462$35,274,502$156,521,030
90$197,518,601$54,010,905$36,395,913$171,636,336
91$217,603,314$56,595,255$37,552,992$188,255,833
92$239,734,709$59,304,279$38,746,874$206,531,237
93$264,121,486$62,144,025$39,978,731$226,629,657
94$290,993,630$65,120,835$41,249,771$248,735,167
95$320,604,583$68,241,359$42,561,241$273,050,526
96$353,233,635$71,512,570$43,914,428$299,799,084
97$389,188,564$74,941,784$45,310,659$329,226,877
98$428,808,536$78,536,669$46,751,304$361,604,935
99$472,467,311$82,305,271$48,237,777$397,231,828
100$520,576,771$86,256,023$49,771,537$436,436,469