Can I retire at age 66 with 15,300,000?

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,207,805
2 years$625,475$613,826$602,537$591,591$580,973$568,646
3 years$412,841$401,142$389,881$379,038$368,593$356,561
4 years$306,545$294,882$283,734$273,075$262,884$251,238
5 years$242,784$231,191$220,189$209,748$199,840$188,615
6 years$200,291$188,785$177,945$167,737$158,127$147,337
7 years$169,950$158,541$147,873$137,906$128,599$118,249
8 years$147,205$135,899$125,408$115,686$106,686$96,775
9 years$129,524$118,325$108,014$98,539$89,845$80,369
10 years$115,387$104,297$94,169$84,941$76,552$67,506
11 years$103,829$92,850$82,905$73,924$65,837$57,214
12 years$94,203$83,337$73,576$64,842$57,053$48,844
13 years$86,065$75,312$65,735$57,245$49,752$41,946
14 years$79,095$68,457$59,064$50,816$43,612$36,200
15 years$73,060$62,537$53,326$45,319$38,399$31,370
16 years$67,785$57,376$48,348$40,578$33,937$27,279
17 years$63,135$52,841$43,995$36,459$30,091$23,791
18 years$59,006$48,828$40,162$32,857$26,756$20,802
19 years$55,316$45,253$36,766$29,689$23,848$18,228
20 years$52,000$42,051$33,742$26,889$21,302$16,002
21 years$49,003$39,169$31,036$24,404$19,062$14,071
22 years$46,282$36,563$28,605$22,189$17,087$12,390
23 years$43,802$34,197$26,411$20,208$15,338$10,924
24 years$41,531$32,040$24,426$18,431$13,786$9,641
25 years$39,446$30,068$22,623$16,832$12,405$8,517
26 years$37,524$28,259$20,982$15,390$11,174$7,530
27 years$35,747$26,595$19,484$14,087$10,075$6,662
28 years$34,100$25,060$18,113$12,907$9,091$5,898
29 years$32,570$23,642$16,855$11,836$8,209$5,225
30 years$31,144$22,327$15,700$10,862$7,417$4,631
31 years$29,813$21,106$14,637$9,976$6,706$4,106
32 years$28,568$19,971$13,656$9,168$6,066$3,642
33 years$27,400$18,913$12,751$8,431$5,489$3,231
34 years$26,304$17,925$11,914$7,757$4,970$2,868
35 years$25,272$17,002$11,139$7,141$4,502$2,546
36 years$24,300$16,137$10,420$6,577$4,079$2,261
37 years$23,383$15,326$9,753$6,060$3,697$2,008
38 years$22,516$14,566$9,133$5,585$3,351$1,784
39 years$21,695$13,850$8,557$5,150$3,039$1,585
40 years$20,918$13,178$8,020$4,750$2,757$1,409
41 years$20,180$12,544$7,520$4,382$2,501$1,252
42 years$19,479$11,946$7,054$4,044$2,269$1,113
43 years$18,813$11,382$6,620$3,734$2,059$989
44 years$18,179$10,850$6,214$3,447$1,869$880
45 years$17,574$10,346$5,834$3,184$1,697$782
46 years$16,998$9,870$5,480$2,941$1,541$695
47 years$16,448$9,419$5,148$2,717$1,399$618
48 years$15,922$8,992$4,838$2,511$1,271$550
49 years$15,419$8,587$4,547$2,320$1,154$489
50 years$14,938$8,202$4,275$2,145$1,048$435

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $15,300,000, adding $3,032 every year, while hoping to spend $37,744 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: 75/10/15 Blend
65$15,300,000$15,300,000$15,300,000$15,300,000
66$16,863,728$16,052,828$15,815,678$18,073,368
67$18,543,668$16,799,257$16,305,343$19,619,791
68$20,393,698$17,580,996$16,810,148$21,309,211
69$22,431,126$18,399,736$17,330,559$23,159,821
70$24,675,026$19,257,247$17,867,057$25,187,644
71$27,146,415$20,155,389$18,420,140$27,410,324
72$29,868,454$21,096,107$18,990,319$29,847,286
73$32,866,663$22,081,444$19,578,122$32,519,920
74$36,169,166$23,113,538$20,184,093$35,451,777
75$39,806,953$24,194,633$20,808,791$38,668,794
76$43,814,172$25,327,080$21,452,796$42,199,532
77$48,228,456$26,513,345$22,116,703$46,075,443
78$53,091,272$27,756,012$22,801,126$50,331,168
79$58,448,315$29,057,791$23,506,697$55,004,856
80$64,349,941$30,421,521$24,234,070$60,138,525
81$70,851,641$31,850,180$24,983,916$65,778,454
82$78,014,560$33,346,892$25,756,930$71,975,618
83$85,906,083$34,914,927$26,553,825$78,786,161
84$94,600,464$36,557,719$27,375,338$86,271,930
85$104,179,528$38,278,864$28,222,229$94,501,050
86$114,733,446$40,082,134$29,095,280$103,548,562
87$126,361,584$41,971,485$29,995,297$113,497,132
88$139,173,439$43,951,061$30,923,113$124,437,826
89$153,289,676$46,025,210$31,879,585$136,470,961
90$168,843,268$48,198,490$32,865,595$149,707,054
91$185,980,744$50,475,679$33,882,055$164,267,855
92$204,863,580$52,861,787$34,929,904$180,287,495
93$225,669,718$55,362,067$36,010,109$197,913,743
94$248,595,249$57,982,028$37,123,667$217,309,403
95$273,856,261$60,727,445$38,271,607$238,653,836
96$301,690,883$63,604,372$39,454,989$262,144,654
97$332,361,525$66,619,159$40,674,904$287,999,578
98$366,157,366$69,778,463$41,932,478$316,458,484
99$403,397,075$73,089,265$43,228,873$347,785,666
100$444,431,820$76,558,883$44,565,284$382,272,318