Can I retire at age 66 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,209,928
2 years$641,827$629,874$618,289$607,057$596,162$554,250
3 years$423,635$411,630$400,074$388,947$378,230$337,734
4 years$314,560$302,591$291,151$280,215$269,757$230,987
5 years$249,132$237,235$225,945$215,232$205,065$168,124
6 years$205,527$193,720$182,598$172,122$162,261$127,178
7 years$174,394$162,686$151,739$141,511$131,961$98,732
8 years$151,054$139,452$128,687$118,710$109,475$78,074
9 years$132,910$121,418$110,838$101,115$92,194$62,583
10 years$118,404$107,024$96,631$87,162$78,553$50,686
11 years$106,543$95,277$85,073$75,857$67,559$41,380
12 years$96,666$85,516$75,500$66,537$58,545$33,996
13 years$88,315$77,281$67,454$58,742$51,052$28,070
14 years$81,163$70,247$60,608$52,145$44,752$23,272
15 years$74,970$64,171$54,721$46,504$39,403$19,357
16 years$69,557$58,876$49,612$41,639$34,825$16,144
17 years$64,785$54,223$45,145$37,412$30,878$13,495
18 years$60,549$50,104$41,212$33,716$27,455$11,301
19 years$56,763$46,436$37,727$30,465$24,472$9,478
20 years$53,359$43,151$34,624$27,592$21,858$7,959
21 years$50,284$40,193$31,848$25,042$19,561$6,691
22 years$47,492$37,519$29,353$22,769$17,533$5,629
23 years$44,947$35,091$27,102$20,736$15,739$4,740
24 years$42,617$32,878$25,065$18,912$14,147$3,993
25 years$40,477$30,854$23,215$17,272$12,730$3,366
26 years$38,505$28,998$21,531$15,792$11,467$2,839
27 years$36,682$27,290$19,993$14,455$10,338$2,395
28 years$34,992$25,716$18,586$13,244$9,328$2,021
29 years$33,421$24,260$17,296$12,145$8,423$1,706
30 years$31,958$22,911$16,111$11,146$7,611$1,440
31 years$30,592$21,658$15,019$10,237$6,881$1,216
32 years$29,314$20,493$14,013$9,408$6,224$1,027
33 years$28,116$19,407$13,084$8,651$5,633$868
34 years$26,991$18,394$12,225$7,960$5,100$733
35 years$25,933$17,446$11,430$7,328$4,619$619
36 years$24,935$16,559$10,692$6,749$4,185$523
37 years$23,994$15,727$10,008$6,218$3,793$442
38 years$23,104$14,946$9,372$5,731$3,439$374
39 years$22,262$14,213$8,780$5,284$3,119$316
40 years$21,464$13,522$8,230$4,874$2,829$267
41 years$20,707$12,872$7,717$4,497$2,566$226
42 years$19,988$12,259$7,239$4,150$2,329$191
43 years$19,305$11,680$6,793$3,831$2,113$161
44 years$18,654$11,133$6,376$3,537$1,918$136
45 years$18,034$10,617$5,987$3,267$1,741$115
46 years$17,442$10,128$5,623$3,018$1,581$97
47 years$16,878$9,665$5,283$2,788$1,436$82
48 years$16,338$9,227$4,964$2,576$1,304$70
49 years$15,822$8,811$4,666$2,381$1,184$59
50 years$15,329$8,417$4,387$2,201$1,076$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $15,700,000, adding $4,408 every year, while hoping to spend $49,585 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: 60/34/6 Blend
65$15,700,000$15,700,000$15,700,000$15,700,000
66$17,305,947$16,473,847$16,230,497$18,324,344
67$19,018,395$17,228,307$16,721,460$19,760,723
68$20,903,852$18,018,074$17,227,209$21,320,559
69$22,979,910$18,844,826$17,748,187$23,020,561
70$25,265,959$19,710,320$18,284,849$24,874,203
71$27,783,360$20,616,399$18,837,665$26,896,297
72$30,555,656$21,564,995$19,407,119$29,103,127
73$33,608,784$22,558,132$19,993,709$31,512,597
74$36,971,330$23,597,930$20,597,948$34,144,395
75$40,674,791$24,686,614$21,220,364$37,020,174
76$44,753,875$25,826,513$21,861,502$40,163,748
77$49,246,828$27,020,070$22,521,920$43,601,311
78$54,195,796$28,269,846$23,202,197$47,361,679
79$59,647,222$29,578,523$23,902,925$51,476,553
80$65,652,282$30,948,914$24,624,716$55,980,813
81$72,267,371$32,383,967$25,368,200$60,912,838
82$79,554,634$33,886,772$26,134,026$66,314,861
83$87,582,551$35,460,568$26,922,860$72,233,357
84$96,426,586$37,108,751$27,735,391$78,719,476
85$106,169,897$38,834,878$28,572,325$85,829,517
86$116,904,121$40,642,682$29,434,393$93,625,447
87$128,730,240$42,536,073$30,322,344$102,175,475
88$141,759,534$44,519,149$31,236,952$111,554,689
89$156,114,627$46,596,209$32,179,011$121,845,753
90$171,930,653$48,771,756$33,149,341$133,139,672
91$189,356,521$51,050,514$34,148,786$145,536,645
92$208,556,330$53,437,433$35,178,214$159,146,991
93$229,710,911$55,937,702$36,238,519$174,092,183
94$253,019,536$58,556,763$37,330,622$190,505,979
95$278,701,802$61,300,317$38,455,471$208,535,668
96$306,999,699$64,174,346$39,614,043$228,343,448
97$338,179,896$67,185,117$40,807,341$250,107,939
98$372,536,260$70,339,201$42,036,401$274,025,853
99$410,392,626$73,643,490$43,302,288$300,313,834
100$452,105,857$77,105,205$44,606,098$329,210,486