Can I retire at age 66 with 15,400,000?

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 $15,400,000?

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$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,191,572
2 years$629,563$617,838$606,475$595,457$584,770$548,354
3 years$415,540$403,764$392,429$381,515$371,002$335,756
4 years$308,549$296,809$285,588$274,860$264,602$230,795
5 years$244,371$232,702$221,628$211,119$201,146$168,872
6 years$201,600$190,019$179,108$168,834$159,160$128,447
7 years$171,061$159,577$148,840$138,807$129,440$100,287
8 years$148,168$136,787$126,228$116,442$107,383$79,772
9 years$130,371$119,098$108,720$99,183$90,432$64,335
10 years$116,142$104,979$94,785$85,497$77,052$52,433
11 years$104,507$93,457$83,447$74,408$66,268$43,084
12 years$94,819$83,882$74,057$65,265$57,426$35,631
13 years$86,627$75,805$66,165$57,620$50,077$29,621
14 years$79,612$68,904$59,450$51,148$43,897$24,728
15 years$73,538$62,945$53,675$45,615$38,650$20,715
16 years$68,228$57,751$48,664$40,844$34,159$17,402
17 years$63,548$53,187$44,283$36,698$30,288$14,653
18 years$59,392$49,147$40,424$33,072$26,931$12,362
19 years$55,678$45,549$37,006$29,883$24,004$10,447
20 years$52,340$42,326$33,963$27,065$21,441$8,840
21 years$49,323$39,425$31,239$24,563$19,187$7,489
22 years$46,585$36,802$28,792$22,334$17,198$6,350
23 years$44,088$34,420$26,584$20,340$15,438$5,389
24 years$41,803$32,249$24,586$18,551$13,876$4,577
25 years$39,704$30,264$22,771$16,942$12,487$3,889
26 years$37,769$28,444$21,119$15,491$11,247$3,306
27 years$35,981$26,769$19,611$14,179$10,141$2,812
28 years$34,323$25,224$18,231$12,991$9,150$2,392
29 years$32,783$23,796$16,966$11,913$8,262$2,036
30 years$31,348$22,473$15,803$10,933$7,465$1,733
31 years$30,008$21,244$14,732$10,041$6,749$1,476
32 years$28,754$20,101$13,746$9,228$6,105$1,257
33 years$27,579$19,036$12,834$8,486$5,525$1,070
34 years$26,475$18,042$11,992$7,808$5,003$912
35 years$25,437$17,113$11,211$7,188$4,531$777
36 years$24,459$16,242$10,488$6,620$4,105$662
37 years$23,535$15,427$9,817$6,099$3,721$564
38 years$22,663$14,661$9,193$5,622$3,373$481
39 years$21,837$13,941$8,613$5,183$3,059$410
40 years$21,054$13,264$8,073$4,781$2,775$349
41 years$20,312$12,626$7,570$4,411$2,517$298
42 years$19,606$12,024$7,101$4,071$2,284$254
43 years$18,936$11,457$6,663$3,758$2,073$216
44 years$18,297$10,921$6,254$3,470$1,882$184
45 years$17,689$10,414$5,873$3,204$1,708$157
46 years$17,109$9,934$5,516$2,960$1,551$134
47 years$16,555$9,481$5,182$2,735$1,408$114
48 years$16,026$9,050$4,869$2,527$1,279$97
49 years$15,520$8,643$4,577$2,335$1,162$83
50 years$15,036$8,256$4,303$2,159$1,055$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $15,400,000, adding $4,074 every year, while hoping to spend $53,673 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: 57/19/24 Blend
65$15,400,000$15,400,000$15,400,000$15,400,000
66$16,975,002$16,158,802$15,920,102$17,831,794
67$18,649,345$16,893,476$16,396,318$19,152,692
68$20,492,672$17,662,350$16,886,688$20,585,571
69$22,522,162$18,467,043$17,391,630$22,146,144
70$24,756,746$19,309,252$17,911,574$23,846,748
71$27,217,284$20,190,755$18,446,961$25,700,949
72$29,926,760$21,113,415$18,998,247$27,723,669
73$32,910,502$22,079,185$19,565,901$29,931,324
74$36,196,419$23,090,110$20,150,404$32,341,971
75$39,815,264$24,148,336$20,752,254$34,975,479
76$43,800,926$25,256,110$21,371,959$37,853,709
77$48,190,748$26,415,786$22,010,047$41,000,717
78$53,025,878$27,629,834$22,667,057$44,442,978
79$58,351,662$28,900,840$23,343,548$48,209,628
80$64,218,065$30,231,515$24,040,090$52,332,734
81$70,680,149$31,624,700$24,757,275$56,847,598
82$77,798,589$33,083,375$25,495,708$61,793,074
83$85,640,245$34,610,661$26,256,015$67,211,937
84$94,278,796$36,209,829$27,038,837$73,151,281
85$103,795,431$37,884,308$27,844,835$79,662,950
86$114,279,619$39,637,693$28,674,691$86,804,030
87$125,829,951$41,473,751$29,529,105$94,637,374
88$138,555,072$43,396,431$30,408,796$103,232,192
89$152,574,705$45,409,872$31,314,506$112,664,696
90$168,020,782$47,518,413$32,246,999$123,018,812
91$185,038,688$49,726,601$33,207,059$134,386,964
92$203,788,633$52,039,203$34,195,495$146,870,937
93$224,447,166$54,461,217$35,213,137$160,582,830
94$247,208,841$56,997,881$36,260,841$175,646,108
95$272,288,051$59,654,685$37,339,487$192,196,752
96$299,921,053$62,437,385$38,449,981$210,384,536
97$330,368,200$65,352,016$39,593,254$230,374,433
98$363,916,394$68,404,903$40,770,266$252,348,157
99$400,881,799$71,602,676$41,982,003$276,505,869
100$441,612,822$74,952,287$43,229,480$303,068,056