Can I retire at age 65 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,277,258
2 years$662,268$649,934$637,980$626,390$615,148$600,497
3 years$437,126$424,739$412,815$401,334$390,275$375,981
4 years$324,577$312,228$300,424$289,139$278,348$264,521
5 years$257,066$244,791$233,141$222,086$211,595$198,277
6 years$212,073$199,890$188,413$177,604$167,428$154,634
7 years$179,948$167,867$156,572$146,018$136,164$123,898
8 years$155,865$143,893$132,785$122,491$112,961$101,224
9 years$137,143$125,285$114,368$104,335$95,130$83,916
10 years$122,175$110,433$99,709$89,938$81,055$70,358
11 years$109,936$98,312$87,782$78,273$69,710$59,520
12 years$99,744$88,239$77,904$68,656$60,409$50,716
13 years$91,127$79,742$69,602$60,613$52,678$43,469
14 years$83,748$72,484$62,538$53,805$46,177$37,440
15 years$77,358$66,215$56,463$47,985$40,658$32,379
16 years$71,772$60,751$51,192$42,965$35,934$28,098
17 years$66,849$55,950$46,583$38,604$31,861$24,455
18 years$62,477$51,700$42,524$34,790$28,330$21,336
19 years$58,570$47,915$38,929$31,436$25,251$18,655
20 years$55,059$44,525$35,727$28,471$22,555$16,341
21 years$51,886$41,473$32,862$25,839$20,184$14,337
22 years$49,005$38,714$30,287$23,494$18,092$12,596
23 years$46,378$36,208$27,965$21,396$16,240$11,080
24 years$43,974$33,925$25,863$19,515$14,597$9,756
25 years$41,766$31,837$23,954$17,822$13,135$8,598
26 years$39,731$29,921$22,216$16,295$11,832$7,584
27 years$37,850$28,159$20,630$14,916$10,667$6,694
28 years$36,106$26,534$19,178$13,666$9,625$5,912
29 years$34,486$25,032$17,847$12,532$8,691$5,225
30 years$32,976$23,640$16,624$11,501$7,853$4,619
31 years$31,567$22,348$15,498$10,563$7,100$4,085
32 years$30,248$21,146$14,460$9,708$6,423$3,615
33 years$29,012$20,025$13,501$8,927$5,812$3,199
34 years$27,851$18,979$12,615$8,214$5,262$2,833
35 years$26,759$18,002$11,794$7,561$4,766$2,508
36 years$25,729$17,086$11,033$6,964$4,319$2,222
37 years$24,758$16,228$10,327$6,416$3,914$1,969
38 years$23,840$15,422$9,670$5,914$3,549$1,744
39 years$22,971$14,665$9,060$5,453$3,218$1,546
40 years$22,148$13,953$8,492$5,029$2,919$1,370
41 years$21,367$13,282$7,963$4,640$2,648$1,215
42 years$20,625$12,649$7,469$4,282$2,403$1,077
43 years$19,919$12,052$7,009$3,953$2,181$955
44 years$19,248$11,488$6,579$3,650$1,979$847
45 years$18,608$10,955$6,178$3,371$1,797$751
46 years$17,998$10,451$5,802$3,114$1,631$666
47 years$17,415$9,973$5,451$2,877$1,481$591
48 years$16,858$9,521$5,122$2,658$1,345$524
49 years$16,326$9,092$4,815$2,457$1,222$465
50 years$15,817$8,685$4,527$2,271$1,110$412

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $16,200,000, adding $6,052 every year, while hoping to spend $26,619 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: 44/43/13 Blend
64$16,200,000$16,200,000$16,200,000$16,200,000
65$17,858,643$17,000,043$16,748,943$18,577,373
66$19,651,902$17,804,722$17,281,710$19,883,866
67$21,627,181$18,647,939$17,831,433$21,295,910
68$23,803,019$19,531,553$18,398,651$22,825,775
69$26,199,843$20,457,515$18,983,921$24,484,321
70$28,840,163$21,427,870$19,587,820$26,283,464
71$31,748,787$22,444,763$20,210,938$28,236,277
72$34,953,048$23,510,441$20,853,890$30,357,112
73$38,483,069$24,627,263$21,517,305$32,661,722
74$42,372,044$25,797,701$22,201,837$35,167,406
75$46,656,551$27,024,347$22,908,157$37,893,159
76$51,376,899$28,309,919$23,636,959$40,859,845
77$56,577,505$29,657,267$24,388,960$44,090,384
78$62,307,318$31,069,381$25,164,898$47,609,957
79$68,620,278$32,549,394$25,965,535$51,446,235
80$75,575,824$34,100,593$26,791,659$55,629,627
81$83,239,459$35,726,422$27,644,080$60,193,557
82$91,683,364$37,430,497$28,523,637$65,174,768
83$100,987,082$39,216,606$29,431,194$70,613,653
84$111,238,268$41,088,723$30,367,642$76,554,626
85$122,533,515$43,051,015$31,333,902$83,046,528
86$134,979,270$45,107,851$32,330,924$90,143,070
87$148,692,832$47,263,812$33,359,686$97,903,328
88$163,803,467$49,523,705$34,421,202$106,392,282
89$180,453,621$51,892,567$35,516,513$115,681,417
90$198,800,270$54,375,683$36,646,696$125,849,373
91$219,016,400$56,978,593$37,812,862$136,982,677
92$241,292,637$59,707,109$39,016,158$149,176,536
93$265,839,053$62,567,324$40,257,766$162,535,715
94$292,887,142$65,565,629$41,538,906$177,175,510
95$322,692,010$68,708,724$42,860,839$193,222,808
96$355,534,781$72,003,637$44,224,864$210,817,266
97$391,725,253$75,457,740$45,632,321$230,112,602
98$431,604,820$79,078,760$47,084,594$251,278,024
99$475,549,695$82,874,803$48,583,112$274,499,799
100$523,974,465$86,854,370$50,129,348$299,982,983