Can I retire at age 66 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,261,485
2 years$650,004$637,898$626,165$614,790$603,756$597,294
3 years$429,031$416,873$405,171$393,902$383,048$376,726
4 years$318,567$306,446$294,860$283,784$273,193$267,061
5 years$252,305$240,257$228,824$217,973$207,677$201,753
6 years$208,146$196,188$184,924$174,315$164,328$158,619
7 years$176,615$164,759$153,672$143,314$133,642$128,152
8 years$152,978$141,229$130,326$120,223$110,869$105,598
9 years$134,604$122,965$112,250$102,403$93,368$88,314
10 years$119,912$108,387$97,862$88,272$79,554$74,715
11 years$107,900$96,491$86,156$76,823$68,419$63,792
12 years$97,897$86,605$76,461$67,384$59,291$54,872
13 years$89,440$78,266$68,313$59,490$51,703$47,488
14 years$82,197$71,141$61,380$52,809$45,322$41,306
15 years$75,925$64,989$55,418$47,096$39,905$36,083
16 years$70,443$59,626$50,244$42,170$35,268$31,635
17 years$65,611$54,913$45,720$37,889$31,271$27,822
18 years$61,320$50,742$41,737$34,146$27,805$24,533
19 years$57,486$47,028$38,208$30,854$24,783$21,683
20 years$54,039$43,700$35,065$27,944$22,137$19,202
21 years$50,925$40,705$32,253$25,361$19,810$17,035
22 years$48,097$37,997$29,726$23,059$17,757$15,135
23 years$45,519$35,538$27,447$21,000$15,940$13,466
24 years$43,160$33,296$25,384$19,153$14,327$11,994
25 years$40,993$31,247$23,511$17,492$12,892$10,695
26 years$38,995$29,367$21,805$15,994$11,613$9,545
27 years$37,149$27,638$20,248$14,639$10,470$8,525
28 years$35,438$26,043$18,823$13,413$9,447$7,620
29 years$33,847$24,569$17,516$12,300$8,530$6,816
30 years$32,366$23,203$16,316$11,288$7,708$6,100
31 years$30,982$21,934$15,211$10,367$6,969$5,462
32 years$29,688$20,754$14,192$9,528$6,304$4,893
33 years$28,475$19,654$13,251$8,762$5,705$4,384
34 years$27,335$18,628$12,381$8,061$5,165$3,931
35 years$26,263$17,668$11,575$7,421$4,678$3,525
36 years$25,253$16,770$10,829$6,835$4,239$3,162
37 years$24,300$15,927$10,135$6,297$3,842$2,837
38 years$23,399$15,137$9,491$5,804$3,483$2,546
39 years$22,546$14,394$8,892$5,352$3,158$2,286
40 years$21,738$13,694$8,335$4,936$2,865$2,052
41 years$20,971$13,036$7,815$4,554$2,599$1,843
42 years$20,243$12,415$7,331$4,203$2,358$1,655
43 years$19,551$11,829$6,879$3,880$2,140$1,486
44 years$18,891$11,275$6,457$3,582$1,943$1,335
45 years$18,263$10,752$6,063$3,309$1,764$1,200
46 years$17,664$10,257$5,695$3,056$1,601$1,078
47 years$17,093$9,788$5,350$2,823$1,454$969
48 years$16,546$9,344$5,028$2,609$1,320$870
49 years$16,024$8,923$4,726$2,411$1,199$782
50 years$15,524$8,524$4,443$2,229$1,089$703

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $15,900,000, adding $3,376 every year, while hoping to spend $21,919 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: 46/49/5 Blend
65$15,900,000$15,900,000$15,900,000$15,900,000
66$17,525,282$16,682,582$16,436,132$18,308,015
67$19,289,539$17,476,707$16,963,421$19,639,734
68$21,233,016$18,309,010$17,507,639$21,080,909
69$23,373,970$19,181,337$18,069,331$22,643,666
70$25,732,519$20,095,627$18,649,058$24,339,230
71$28,330,834$21,053,911$19,247,400$26,179,913
72$31,193,346$22,058,319$19,864,954$28,179,226
73$34,346,975$23,111,085$20,502,338$30,351,995
74$37,821,390$24,214,552$21,160,190$32,714,498
75$41,649,283$25,371,175$21,839,168$35,284,602
76$45,866,679$26,583,532$22,539,949$38,081,929
77$50,513,279$27,854,324$23,263,236$41,128,029
78$55,632,830$29,186,382$24,009,751$44,446,572
79$61,273,542$30,582,678$24,780,240$48,063,562
80$67,488,540$32,046,326$25,575,476$52,007,570
81$74,336,369$33,580,594$26,396,252$56,309,994
82$81,881,542$35,188,907$27,243,390$61,005,340
83$90,195,154$36,874,858$28,117,738$66,131,538
84$99,355,547$38,642,213$29,020,169$71,730,284
85$109,449,055$40,494,924$29,951,588$77,847,419
86$120,570,818$42,437,134$30,912,925$84,533,348
87$132,825,676$44,473,188$31,905,142$91,843,502
88$146,329,163$46,607,643$32,929,233$99,838,840
89$161,208,597$48,845,277$33,986,222$108,586,411
90$177,604,280$51,191,102$35,077,166$118,159,968
91$195,670,824$53,650,373$36,203,158$128,640,645
92$215,578,608$56,228,601$37,365,325$140,117,701
93$237,515,392$58,931,568$38,564,828$152,689,348
94$261,688,081$61,765,335$39,802,870$166,463,647
95$288,324,688$64,736,259$41,080,689$181,559,515
96$317,676,479$67,851,008$42,399,564$198,107,817
97$350,020,346$71,116,573$43,760,815$216,252,577
98$385,661,424$74,540,289$45,165,806$236,152,315
99$424,935,972$78,129,845$46,615,943$257,981,511
100$468,214,541$81,893,307$48,112,677$281,932,229