Can I retire at age 65 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,258,682
2 years$666,356$653,946$641,918$630,257$618,945$577,907
3 years$439,824$427,361$415,363$403,811$392,684$352,999
4 years$326,581$314,155$302,278$290,923$280,066$242,037
5 years$258,653$246,302$234,580$223,457$212,901$176,631
6 years$213,382$201,124$189,576$178,700$168,462$133,981
7 years$181,058$168,903$157,538$146,919$137,004$104,310
8 years$156,827$144,781$133,605$123,247$113,658$82,729
9 years$137,990$126,058$115,074$104,979$95,717$66,517
10 years$122,929$111,114$100,324$90,493$81,556$54,042
11 years$110,615$98,918$88,324$78,756$70,140$44,262
12 years$100,360$88,784$78,385$69,080$60,782$36,485
13 years$91,690$80,235$70,032$60,987$53,003$30,228
14 years$84,265$72,931$62,924$54,137$46,462$25,148
15 years$77,835$66,624$56,812$48,281$40,909$20,992
16 years$72,215$61,126$51,508$43,230$36,156$17,571
17 years$67,261$56,295$46,870$38,842$32,058$14,741
18 years$62,863$52,019$42,787$35,005$28,505$12,391
19 years$58,932$48,211$39,169$31,630$25,407$10,431
20 years$55,399$44,800$35,948$28,647$22,694$8,793
21 years$52,206$41,729$33,065$25,999$20,308$7,421
22 years$49,307$38,953$30,474$23,639$18,204$6,268
23 years$46,665$36,432$28,138$21,528$16,341$5,298
24 years$44,246$34,134$26,023$19,635$14,687$4,482
25 years$42,024$32,033$24,102$17,932$13,216$3,793
26 years$39,976$30,106$22,353$16,396$11,905$3,212
27 years$38,084$28,333$20,757$15,008$10,733$2,721
28 years$36,329$26,698$19,296$13,750$9,685$2,305
29 years$34,699$25,187$17,957$12,609$8,745$1,954
30 years$33,180$23,786$16,726$11,572$7,902$1,656
31 years$31,762$22,486$15,593$10,628$7,144$1,405
32 years$30,435$21,276$14,549$9,768$6,462$1,191
33 years$29,191$20,149$13,584$8,982$5,848$1,010
34 years$28,023$19,097$12,692$8,264$5,295$857
35 years$26,924$18,113$11,867$7,608$4,796$727
36 years$25,888$17,192$11,101$7,007$4,345$617
37 years$24,911$16,328$10,390$6,456$3,938$524
38 years$23,987$15,518$9,730$5,950$3,570$444
39 years$23,113$14,756$9,116$5,486$3,238$377
40 years$22,285$14,039$8,544$5,060$2,937$320
41 years$21,499$13,364$8,012$4,669$2,664$272
42 years$20,752$12,727$7,515$4,309$2,418$231
43 years$20,042$12,126$7,052$3,978$2,194$196
44 years$19,367$11,559$6,620$3,673$1,992$166
45 years$18,723$11,023$6,216$3,392$1,808$141
46 years$18,109$10,515$5,838$3,133$1,642$120
47 years$17,523$10,035$5,485$2,895$1,491$102
48 years$16,963$9,579$5,154$2,675$1,354$86
49 years$16,427$9,148$4,845$2,472$1,229$73
50 years$15,914$8,738$4,555$2,285$1,117$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $16,300,000, adding $3,805 every year, while hoping to spend $40,348 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: 65/19/16 Blend
64$16,300,000$16,300,000$16,300,000$16,300,000
65$17,966,525$17,102,625$16,849,975$19,064,140
66$19,756,180$17,897,724$17,371,519$20,594,578
67$21,727,029$18,730,430$17,909,183$22,261,281
68$23,897,508$19,602,544$18,463,463$24,081,585
69$26,287,938$20,515,952$19,034,873$26,070,506
70$28,920,708$21,472,634$19,623,941$28,244,564
71$31,820,489$22,474,662$20,231,212$30,621,933
72$35,014,469$23,524,210$20,857,248$33,222,616
73$38,532,605$24,623,557$21,502,627$36,068,620
74$42,407,912$25,775,092$22,167,945$39,184,167
75$46,676,767$26,981,320$22,853,819$42,595,918
76$51,379,257$28,244,864$23,560,882$46,333,213
77$56,559,557$29,568,479$24,289,788$50,428,353
78$62,266,346$30,955,048$25,041,209$54,916,892
79$68,553,265$32,407,597$25,815,842$59,837,972
80$75,479,426$33,929,298$26,614,401$65,234,684
81$83,109,968$35,523,474$27,437,623$71,154,474
82$91,516,672$37,193,611$28,286,271$77,649,578
83$100,778,638$38,943,364$29,161,127$84,777,514
84$110,983,034$40,776,564$30,063,000$92,601,617
85$122,225,916$42,697,227$30,992,722$101,191,630
86$134,613,133$44,709,565$31,951,152$110,624,356
87$148,261,332$46,817,993$32,939,175$120,984,375
88$163,299,053$49,027,140$33,957,703$132,364,834
89$179,867,947$51,341,860$35,007,676$144,868,319
90$198,124,108$53,767,242$36,090,064$158,607,817
91$218,239,551$56,308,620$37,205,865$173,707,771
92$240,403,832$58,971,590$38,356,109$190,305,244
93$264,825,842$61,762,017$39,541,857$208,551,210
94$291,735,772$64,686,050$40,764,204$228,611,963
95$321,387,293$67,750,139$42,024,276$250,670,677
96$354,059,944$70,961,043$43,323,237$274,929,128
97$390,061,778$74,325,853$44,662,285$301,609,584
98$429,732,261$77,852,002$46,042,653$330,956,892
99$473,445,485$81,547,284$47,465,616$363,240,778
100$521,613,695$85,419,872$48,932,485$398,758,378