Can I retire at age 65 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,276,685
2 years$674,532$661,969$649,794$637,990$626,540$587,522
3 years$445,221$432,604$420,460$408,766$397,502$359,738
4 years$330,588$318,010$305,987$294,493$283,502$247,281
5 years$261,826$249,324$237,459$226,199$215,514$180,934
6 years$216,000$203,592$191,902$180,893$170,529$137,622
7 years$183,280$170,976$159,471$148,722$138,686$107,450
8 years$158,751$146,558$135,244$124,759$115,053$85,470
9 years$139,683$127,605$116,486$106,267$96,891$68,931
10 years$124,437$112,478$101,555$91,603$82,556$56,179
11 years$111,972$100,132$89,407$79,722$71,001$46,161
12 years$101,592$89,873$79,347$69,927$61,528$38,176
13 years$92,815$81,219$70,891$61,735$53,654$31,737
14 years$85,299$73,826$63,696$54,802$47,032$26,495
15 years$78,790$67,441$57,509$48,873$41,411$22,194
16 years$73,101$61,876$52,140$43,761$36,599$18,645
17 years$68,087$56,986$47,446$39,319$32,451$15,700
18 years$63,634$52,657$43,312$35,434$28,854$13,245
19 years$59,655$48,802$39,650$32,018$25,718$11,193
20 years$56,078$45,349$36,389$28,998$22,972$9,471
21 years$52,846$42,241$33,470$26,318$20,558$8,024
22 years$49,912$39,431$30,848$23,929$18,427$6,804
23 years$47,237$36,879$28,483$21,793$16,541$5,774
24 years$44,789$34,553$26,342$19,876$14,867$4,904
25 years$42,540$32,426$24,398$18,152$13,378$4,167
26 years$40,467$30,475$22,628$16,597$12,051$3,542
27 years$38,551$28,681$21,012$15,192$10,865$3,013
28 years$36,775$27,026$19,533$13,919$9,804$2,563
29 years$35,124$25,496$18,177$12,764$8,852$2,182
30 years$33,587$24,078$16,932$11,714$7,999$1,857
31 years$32,151$22,762$15,785$10,759$7,232$1,581
32 years$30,808$21,537$14,727$9,887$6,541$1,347
33 years$29,549$20,396$13,751$9,092$5,920$1,147
34 years$28,367$19,331$12,848$8,366$5,360$977
35 years$27,254$18,335$12,012$7,701$4,855$832
36 years$26,206$17,403$11,237$7,092$4,399$709
37 years$25,216$16,529$10,518$6,535$3,987$604
38 years$24,281$15,708$9,849$6,023$3,614$515
39 years$23,397$14,937$9,228$5,554$3,277$439
40 years$22,558$14,211$8,649$5,123$2,973$374
41 years$21,763$13,528$8,110$4,726$2,697$319
42 years$21,007$12,883$7,608$4,362$2,447$272
43 years$20,288$12,275$7,139$4,026$2,221$232
44 years$19,604$11,701$6,701$3,718$2,016$197
45 years$18,953$11,158$6,292$3,433$1,830$168
46 years$18,331$10,644$5,910$3,171$1,662$143
47 years$17,738$10,158$5,552$2,930$1,509$122
48 years$17,171$9,697$5,217$2,707$1,370$104
49 years$16,629$9,260$4,904$2,502$1,245$89
50 years$16,110$8,846$4,610$2,313$1,130$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $16,500,000, adding $5,560 every year, while hoping to spend $42,595 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: 43/40/17 Blend
64$16,500,000$16,500,000$16,500,000$16,500,000
65$18,188,735$17,314,235$17,058,485$18,880,661
66$19,998,665$18,117,312$17,584,624$20,171,256
67$21,991,781$18,958,312$18,126,960$21,563,982
68$24,186,722$19,839,048$18,685,992$23,071,955
69$26,604,027$20,761,422$19,262,233$24,705,795
70$29,266,331$21,727,425$19,856,211$26,477,156
71$32,198,574$22,739,146$20,468,472$28,398,830
72$35,428,239$23,798,774$21,099,576$30,484,856
73$38,985,610$24,908,604$21,750,102$32,750,650
74$42,904,059$26,071,043$22,420,647$35,213,139
75$47,220,360$27,288,611$23,111,826$37,890,916
76$51,975,037$28,563,953$23,824,272$40,804,405
77$57,212,743$29,899,839$24,558,638$43,976,042
78$62,982,688$31,299,177$25,315,598$47,430,482
79$69,339,097$32,765,010$26,095,844$51,194,822
80$76,341,722$34,300,533$26,900,092$55,298,842
81$84,056,411$35,909,093$27,729,079$59,775,277
82$92,555,725$37,594,198$28,583,563$64,660,119
83$101,919,624$39,359,530$29,464,328$69,992,937
84$112,236,223$41,208,943$30,372,179$75,817,247
85$123,602,619$43,146,483$31,307,949$82,180,902
86$136,125,815$45,176,389$32,272,494$89,136,535
87$149,923,722$47,303,106$33,266,696$96,742,042
88$165,126,277$49,531,294$34,291,466$105,061,108
89$181,876,668$51,865,838$35,347,741$114,163,801
90$200,332,686$54,311,862$36,436,488$124,127,210
91$220,668,213$56,874,736$37,558,703$135,036,160
92$243,074,863$59,560,091$38,715,413$146,983,993
93$267,763,794$62,373,831$39,907,674$160,073,431
94$294,967,698$65,322,145$41,136,578$174,417,526
95$324,942,999$68,411,525$42,403,249$190,140,708
96$357,972,270$71,648,776$43,708,843$207,379,938
97$394,366,908$75,041,032$45,054,555$226,285,977
98$434,470,064$78,595,774$46,441,615$247,024,787
99$478,659,892$82,320,848$47,871,290$269,779,072
100$527,353,108$86,224,477$49,344,886$294,749,981