Can I retire at age 65 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,315,585
2 years$690,884$678,017$665,547$653,456$641,728$609,632
3 years$456,014$443,092$430,653$418,676$407,139$375,993
4 years$338,602$325,719$313,405$301,632$290,375$260,419
5 years$268,174$255,368$243,215$231,683$220,738$192,057
6 years$221,236$208,527$196,554$185,278$174,663$147,284
7 years$187,723$175,121$163,337$152,328$142,048$115,976
8 years$162,599$150,111$138,523$127,784$117,842$93,067
9 years$143,069$130,698$119,310$108,843$99,240$75,742
10 years$127,454$115,204$104,017$93,824$84,558$62,310
11 years$114,686$102,560$91,575$81,655$72,722$51,694
12 years$104,054$92,052$81,270$71,622$63,020$43,175
13 years$95,065$83,188$72,610$63,232$54,954$36,257
14 years$87,366$75,616$65,240$56,130$48,173$30,582
15 years$80,700$69,076$58,903$50,058$42,415$25,890
16 years$74,873$63,376$53,404$44,822$37,487$21,984
17 years$69,737$58,367$48,596$40,272$33,238$18,714
18 years$65,177$53,934$44,362$36,293$29,554$15,965
19 years$61,101$49,985$40,611$32,794$26,342$13,643
20 years$57,438$46,449$37,271$29,701$23,529$11,677
21 years$54,127$43,265$34,282$26,956$21,056$10,007
22 years$51,122$40,386$31,596$24,509$18,874$8,585
23 years$48,382$37,773$29,173$22,321$16,942$7,373
24 years$45,874$35,391$26,980$20,358$15,228$6,336
25 years$43,571$33,212$24,989$18,592$13,703$5,449
26 years$41,448$31,214$23,176$17,000$12,343$4,689
27 years$39,485$29,376$21,521$15,560$11,128$4,036
28 years$37,666$27,681$20,007$14,256$10,041$3,476
29 years$35,976$26,114$18,618$13,073$9,067$2,995
30 years$34,401$24,662$17,342$11,998$8,193$2,582
31 years$32,931$23,314$16,167$11,019$7,407$2,226
32 years$31,555$22,059$15,084$10,127$6,700$1,919
33 years$30,265$20,891$14,084$9,313$6,064$1,655
34 years$29,054$19,800$13,160$8,568$5,490$1,428
35 years$27,915$18,780$12,303$7,888$4,972$1,232
36 years$26,841$17,825$11,510$7,264$4,505$1,063
37 years$25,828$16,929$10,773$6,693$4,083$917
38 years$24,870$16,089$10,088$6,169$3,702$792
39 years$23,964$15,299$9,452$5,688$3,357$683
40 years$23,105$14,556$8,859$5,247$3,045$590
41 years$22,290$13,856$8,307$4,841$2,762$509
42 years$21,516$13,196$7,792$4,467$2,507$439
43 years$20,780$12,573$7,312$4,124$2,275$379
44 years$20,080$11,984$6,863$3,808$2,065$328
45 years$19,412$11,428$6,445$3,517$1,875$283
46 years$18,775$10,902$6,053$3,248$1,702$244
47 years$18,168$10,404$5,687$3,001$1,545$211
48 years$17,587$9,932$5,344$2,773$1,404$182
49 years$17,032$9,484$5,023$2,563$1,275$157
50 years$16,500$9,060$4,722$2,369$1,158$136

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $16,900,000, adding $2,483 every year, while hoping to spend $31,935 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: 47/43/10 Blend
64$16,900,000$16,900,000$16,900,000$16,900,000
65$18,626,361$17,730,661$17,468,711$19,450,313
66$20,492,271$18,565,485$18,019,934$20,852,919
67$22,547,434$19,440,145$18,588,553$22,370,747
68$24,811,120$20,356,559$19,175,117$24,017,269
69$27,304,562$21,316,739$19,780,192$25,804,447
70$30,051,161$22,322,792$20,404,361$27,745,414
71$33,076,701$23,376,931$21,048,229$29,854,584
72$36,409,597$24,481,473$21,712,417$32,147,784
73$40,081,158$25,638,848$22,397,566$34,642,393
74$44,125,889$26,851,604$23,104,337$37,357,500
75$48,581,811$28,122,414$23,833,414$40,314,074
76$53,490,822$29,454,078$24,585,499$43,535,151
77$58,899,093$30,849,535$25,361,320$47,046,046
78$64,857,501$32,311,863$26,161,626$50,874,578
79$71,422,115$33,844,293$26,987,188$55,051,321
80$78,654,717$35,450,210$27,838,806$59,609,886
81$86,623,392$37,133,164$28,717,300$64,587,224
82$95,403,168$38,896,879$29,623,519$70,023,961
83$105,076,723$40,745,258$30,558,339$75,964,771
84$115,735,167$42,682,394$31,522,662$82,458,784
85$127,478,902$44,712,579$32,517,419$89,560,033
86$140,418,569$46,840,314$33,543,571$97,327,954
87$154,676,091$49,070,318$34,602,109$105,827,927
88$170,385,828$51,407,539$35,694,055$115,131,879
89$187,695,840$53,857,166$36,820,463$125,318,948
90$206,769,289$56,424,640$37,982,422$136,476,207
91$227,785,977$59,115,668$39,181,054$148,699,474
92$250,944,043$61,936,232$40,417,516$162,094,191
93$276,461,834$64,892,607$41,693,002$176,776,403
94$304,579,968$67,991,371$43,008,743$192,873,829
95$335,563,600$71,239,424$44,366,012$210,527,049
96$369,704,932$74,644,000$45,766,118$229,890,804
97$407,325,966$78,212,687$47,210,414$251,135,434
98$448,781,546$81,953,440$48,700,294$274,448,460
99$494,462,707$85,874,602$50,237,198$300,036,328
100$544,800,368$89,984,923$51,822,609$328,126,326