Can I retire at age 66 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,196,906
2 years$633,651$621,850$610,413$599,324$588,568$549,544
3 years$418,238$406,386$394,978$383,993$373,411$335,674
4 years$310,552$298,737$287,443$276,645$266,320$230,158
5 years$245,958$234,213$223,067$212,490$202,452$167,962
6 years$202,909$191,253$180,271$169,930$160,194$127,405
7 years$172,172$160,614$149,806$139,709$130,280$99,191
8 years$149,130$137,676$127,048$117,198$108,080$78,668
9 years$131,217$119,871$109,426$99,827$91,019$63,252
10 years$116,896$105,661$95,400$86,052$77,553$51,389
11 years$105,186$94,064$83,989$74,891$66,698$42,090
12 years$95,434$84,426$74,538$65,689$57,799$34,694
13 years$87,190$76,297$66,595$57,994$50,402$28,745
14 years$80,129$69,352$59,836$51,480$44,182$23,914
15 years$74,015$63,354$54,024$45,911$38,901$19,962
16 years$68,671$58,126$48,980$41,109$34,381$16,709
17 years$63,960$53,532$44,570$36,936$30,485$14,018
18 years$59,778$49,466$40,687$33,287$27,106$11,783
19 years$56,040$45,845$37,247$30,077$24,160$9,919
20 years$52,680$42,601$34,183$27,241$21,580$8,362
21 years$49,644$39,681$31,442$24,723$19,312$7,056
22 years$46,887$37,041$28,979$22,479$17,310$5,960
23 years$44,374$34,644$26,757$20,472$15,539$5,038
24 years$42,074$32,459$24,745$18,671$13,966$4,262
25 years$39,961$30,461$22,919$17,052$12,568$3,607
26 years$38,014$28,628$21,256$15,591$11,320$3,054
27 years$36,214$26,943$19,738$14,271$10,206$2,587
28 years$34,546$25,388$18,349$13,075$9,209$2,192
29 years$32,996$23,951$17,076$11,990$8,316$1,858
30 years$31,551$22,619$15,905$11,004$7,514$1,575
31 years$30,203$21,382$14,828$10,106$6,793$1,336
32 years$28,941$20,232$13,835$9,288$6,145$1,133
33 years$27,758$19,160$12,918$8,541$5,561$961
34 years$26,647$18,159$12,070$7,859$5,035$815
35 years$25,602$17,224$11,284$7,234$4,560$692
36 years$24,618$16,348$10,556$6,663$4,132$587
37 years$23,688$15,527$9,880$6,139$3,745$498
38 years$22,810$14,756$9,252$5,658$3,395$422
39 years$21,979$14,031$8,669$5,217$3,079$359
40 years$21,191$13,350$8,125$4,812$2,793$304
41 years$20,444$12,708$7,619$4,440$2,534$258
42 years$19,734$12,102$7,147$4,097$2,299$219
43 years$19,059$11,531$6,706$3,782$2,086$186
44 years$18,416$10,992$6,295$3,492$1,894$158
45 years$17,804$10,482$5,911$3,225$1,719$134
46 years$17,220$9,999$5,551$2,979$1,561$114
47 years$16,663$9,542$5,216$2,752$1,417$97
48 years$16,130$9,109$4,901$2,543$1,287$82
49 years$15,621$8,699$4,607$2,351$1,169$70
50 years$15,133$8,309$4,331$2,173$1,062$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $15,500,000, adding $3,918 every year, while hoping to spend $26,129 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: 35/35/30 Blend
65$15,500,000$15,500,000$15,500,000$15,500,000
66$17,085,041$16,263,541$16,023,291$17,528,627
67$18,799,915$17,032,654$16,532,271$18,632,245
68$20,688,829$17,838,577$17,057,425$19,819,573
69$22,769,510$18,683,087$17,599,269$21,100,209
70$25,061,488$19,568,047$18,158,332$22,482,534
71$27,586,286$20,495,408$18,735,163$23,975,737
72$30,367,623$21,467,219$19,330,327$25,589,891
73$33,431,634$22,485,625$19,944,406$27,336,048
74$36,807,118$23,552,879$20,578,001$29,226,327
75$40,525,815$24,671,340$21,231,735$31,274,030
76$44,622,695$25,843,484$21,906,245$33,493,752
77$49,136,300$27,071,904$22,602,195$35,901,516
78$54,109,099$28,359,323$23,320,264$38,514,913
79$59,587,891$29,708,594$24,061,157$41,353,259
80$65,624,249$31,122,709$24,825,599$44,437,770
81$72,275,006$32,604,805$25,614,340$47,791,749
82$79,602,787$34,158,171$26,428,151$51,440,800
83$87,676,608$35,786,258$27,267,831$55,413,055
84$96,572,520$37,492,683$28,134,201$59,739,431
85$106,374,332$39,281,239$29,028,111$64,453,908
86$117,174,398$41,155,903$29,950,437$69,593,840
87$129,074,492$43,120,848$30,902,082$75,200,293
88$142,186,767$45,180,446$31,883,979$81,318,418
89$156,634,814$47,339,285$32,897,089$87,997,869
90$172,554,830$49,602,175$33,942,406$95,293,248
91$190,096,900$51,974,159$35,020,954$103,264,615
92$209,426,418$54,460,527$36,133,790$111,978,030
93$230,725,645$57,066,825$37,282,005$121,506,168
94$254,195,432$59,798,871$38,466,723$131,928,981
95$280,057,114$62,662,763$39,689,106$143,334,437
96$308,554,600$65,664,900$40,950,352$155,819,332
97$339,956,678$68,811,988$42,251,697$169,490,185
98$374,559,547$72,111,063$43,594,417$184,464,217
99$412,689,618$75,569,503$44,979,827$200,870,442
100$454,706,593$79,195,043$46,409,286$218,850,859