Can I retire at age 66 with 15,200,000?

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,185,659
2 years$621,387$609,814$598,598$587,724$577,176$550,701
3 years$410,143$398,520$387,333$376,560$366,184$340,471
4 years$304,542$292,955$281,879$271,291$261,166$236,412
5 years$241,198$229,680$218,750$208,377$198,534$174,810
6 years$198,982$187,551$176,782$166,641$157,093$134,424
7 years$168,840$157,505$146,907$137,005$127,759$106,149
8 years$146,243$135,011$124,589$114,930$105,988$85,430
9 years$128,678$117,551$107,308$97,895$89,257$69,736
10 years$114,633$103,616$93,554$84,386$76,052$57,546
11 years$103,150$92,243$82,363$73,441$65,407$47,894
12 years$93,587$82,792$73,095$64,418$56,680$40,133
13 years$85,502$74,820$65,306$56,871$49,426$33,814
14 years$78,578$68,009$58,678$50,484$43,327$28,619
15 years$72,583$62,128$52,978$45,023$38,148$24,313
16 years$67,342$57,001$48,032$40,313$33,716$20,718
17 years$62,722$52,496$43,707$36,221$29,895$17,701
18 years$58,621$48,509$39,899$32,642$26,581$15,156
19 years$54,955$44,957$36,526$29,495$23,692$13,000
20 years$51,660$41,776$33,522$26,714$21,162$11,169
21 years$48,683$38,913$30,833$24,244$18,938$9,608
22 years$45,980$36,324$28,418$22,044$16,975$8,275
23 years$43,515$33,973$26,239$20,076$15,238$7,134
24 years$41,260$31,831$24,266$18,310$13,696$6,155
25 years$39,188$29,871$22,476$16,722$12,324$5,314
26 years$37,279$28,074$20,845$15,290$11,101$4,591
27 years$35,514$26,421$19,356$13,995$10,009$3,969
28 years$33,877$24,897$17,994$12,822$9,031$3,432
29 years$32,357$23,487$16,745$11,758$8,155$2,969
30 years$30,941$22,181$15,598$10,791$7,368$2,570
31 years$29,618$20,968$14,541$9,911$6,662$2,225
32 years$28,381$19,840$13,567$9,108$6,026$1,926
33 years$27,221$18,789$12,668$8,376$5,454$1,668
34 years$26,132$17,808$11,836$7,707$4,938$1,445
35 years$25,107$16,890$11,066$7,094$4,472$1,252
36 years$24,141$16,032$10,352$6,534$4,052$1,085
37 years$23,230$15,226$9,689$6,020$3,672$940
38 years$22,368$14,470$9,073$5,549$3,329$815
39 years$21,553$13,760$8,501$5,116$3,019$706
40 years$20,781$13,091$7,968$4,719$2,739$612
41 years$20,048$12,462$7,471$4,354$2,485$531
42 years$19,352$11,868$7,008$4,018$2,254$460
43 years$18,690$11,308$6,576$3,709$2,046$399
44 years$18,060$10,779$6,173$3,425$1,857$346
45 years$17,459$10,279$5,796$3,163$1,686$300
46 years$16,887$9,805$5,444$2,922$1,531$260
47 years$16,340$9,357$5,115$2,699$1,390$226
48 years$15,818$8,933$4,806$2,494$1,262$196
49 years$15,318$8,530$4,518$2,305$1,147$170
50 years$14,841$8,149$4,247$2,131$1,041$147

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $15,200,000, adding $3,936 every year, while hoping to spend $51,413 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: 44/32/24 Blend
65$15,200,000$15,200,000$15,200,000$15,200,000
66$16,754,460$15,948,860$15,713,260$17,374,854
67$18,408,712$16,675,651$16,184,951$18,541,967
68$20,229,974$17,436,332$16,670,721$19,801,014
69$22,235,228$18,232,508$17,170,986$21,164,790
70$24,443,184$19,065,864$17,686,177$22,643,039
71$26,874,461$19,938,164$18,216,736$24,246,459
72$29,551,777$20,851,255$18,763,118$25,986,801
73$32,500,167$21,807,075$19,325,791$27,876,969
74$35,747,218$22,807,655$19,905,239$29,931,142
75$39,323,326$23,855,122$20,501,956$32,164,897
76$43,261,989$24,951,707$21,116,456$34,595,349
77$47,600,118$26,099,747$21,749,263$37,241,313
78$52,378,387$27,301,691$22,400,920$40,123,466
79$57,641,615$28,560,107$23,071,983$43,264,542
80$63,439,192$29,877,684$23,763,027$46,689,534
81$69,825,543$31,257,244$24,474,642$50,425,925
82$76,860,642$32,701,743$25,207,437$54,503,937
83$84,610,578$34,214,278$25,962,035$58,956,813
84$93,148,176$35,798,097$26,739,083$63,821,113
85$102,553,690$37,456,604$27,539,242$69,137,058
86$112,915,555$39,193,367$28,363,196$74,948,895
87$124,331,224$41,012,124$29,211,645$81,305,308
88$136,908,087$42,916,796$30,085,314$88,259,862
89$150,764,485$44,911,493$30,984,945$95,871,504
90$166,030,827$47,000,520$31,911,305$104,205,100
91$182,850,819$49,188,393$32,865,181$113,332,044
92$201,382,823$51,479,844$33,847,385$123,330,911
93$221,801,350$53,879,836$34,858,751$134,288,191
94$244,298,706$56,393,567$35,900,139$146,299,089
95$269,086,813$59,026,490$36,972,432$159,468,411
96$296,399,200$61,784,320$38,076,540$173,911,534
97$326,493,214$64,673,048$39,213,400$189,755,485
98$359,652,449$67,698,954$40,383,976$207,140,121
99$396,189,419$70,868,623$41,589,260$226,219,429
100$436,448,511$74,188,957$42,830,271$247,162,967