Can I retire at age 66 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,269,952
2 years$654,092$641,910$630,104$618,657$607,554$601,588
3 years$431,730$419,495$407,719$396,379$385,457$379,620
4 years$320,570$308,373$296,715$285,569$274,911$269,249
5 years$253,892$241,768$230,263$219,344$208,983$203,511
6 years$209,455$197,422$186,087$175,411$165,361$160,088
7 years$177,726$165,795$154,639$144,215$134,483$129,410
8 years$153,940$142,117$131,146$120,979$111,567$106,694
9 years$135,450$123,738$112,956$103,047$93,955$89,283
10 years$120,667$109,069$98,478$88,828$80,054$75,580
11 years$108,579$97,098$86,698$77,307$68,850$64,570
12 years$98,513$87,150$76,942$67,808$59,664$55,575
13 years$90,002$78,758$68,743$59,865$52,028$48,127
14 years$82,714$71,589$61,766$53,141$45,607$41,890
15 years$76,403$65,398$55,766$47,392$40,156$36,617
16 years$70,886$60,001$50,560$42,435$35,490$32,125
17 years$66,023$55,259$46,008$38,127$31,468$28,272
18 years$61,706$51,062$41,999$34,360$27,980$24,947
19 years$57,847$47,323$38,448$31,048$24,939$22,065
20 years$54,379$43,975$35,286$28,120$22,276$19,554
21 years$51,245$40,961$32,456$25,520$19,935$17,360
22 years$48,400$38,236$29,913$23,204$17,869$15,436
23 years$45,806$35,761$27,620$21,132$16,040$13,743
24 years$43,431$33,506$25,544$19,274$14,417$12,251
25 years$41,250$31,444$23,659$17,602$12,973$10,932
26 years$39,241$29,552$21,942$16,094$11,686$9,764
27 years$37,383$27,812$20,375$14,731$10,536$8,728
28 years$35,661$26,207$18,941$13,497$9,506$7,808
29 years$34,060$24,723$17,627$12,377$8,584$6,989
30 years$32,569$23,348$16,418$11,359$7,756$6,260
31 years$31,177$22,072$15,306$10,433$7,012$5,609
32 years$29,875$20,885$14,281$9,588$6,343$5,029
33 years$28,654$19,778$13,334$8,817$5,741$4,511
34 years$27,507$18,745$12,459$8,112$5,197$4,047
35 years$26,428$17,779$11,648$7,468$4,708$3,632
36 years$25,412$16,875$10,897$6,878$4,265$3,261
37 years$24,452$16,028$10,199$6,337$3,866$2,928
38 years$23,546$15,232$9,551$5,841$3,505$2,630
39 years$22,688$14,484$8,948$5,385$3,178$2,363
40 years$21,875$13,780$8,387$4,967$2,883$2,123
41 years$21,103$13,118$7,864$4,583$2,615$1,908
42 years$20,370$12,493$7,377$4,230$2,373$1,715
43 years$19,674$11,903$6,922$3,904$2,154$1,542
44 years$19,010$11,346$6,498$3,605$1,955$1,387
45 years$18,378$10,820$6,101$3,329$1,775$1,247
46 years$17,776$10,322$5,731$3,075$1,611$1,121
47 years$17,200$9,850$5,384$2,841$1,463$1,008
48 years$16,650$9,403$5,059$2,625$1,329$907
49 years$16,125$8,979$4,755$2,426$1,207$816
50 years$15,622$8,577$4,471$2,243$1,096$734

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $16,000,000, adding $3,552 every year, while hoping to spend $44,369 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: 64/25/11 Blend
65$16,000,000$16,000,000$16,000,000$16,000,000
66$17,635,664$16,787,664$16,539,664$18,720,660
67$19,387,293$17,563,051$17,046,534$20,221,150
68$21,316,102$18,374,945$17,568,898$21,853,925
69$23,440,115$19,225,088$18,107,227$23,636,223
70$25,779,195$20,115,306$18,662,007$25,582,588
71$28,355,230$21,047,513$19,233,741$27,709,015
72$31,192,336$22,023,714$19,822,944$30,033,098
73$34,317,091$23,046,012$20,430,150$32,574,194
74$37,758,780$24,116,612$21,055,905$35,353,598
75$41,549,673$25,237,824$21,700,775$38,394,739
76$45,725,331$26,412,069$22,365,343$41,723,399
77$50,324,941$27,641,887$23,050,208$45,367,950
78$55,391,683$28,929,937$23,755,989$49,359,615
79$60,973,142$30,279,011$24,483,321$53,732,757
80$67,121,751$31,692,031$25,232,861$58,525,200
81$73,895,293$33,172,064$26,005,285$63,778,576
82$81,357,441$34,722,324$26,801,290$69,538,715
83$89,578,360$36,346,177$27,621,594$75,856,069
84$98,635,370$38,047,158$28,466,934$82,786,180
85$108,613,676$39,828,966$29,338,075$90,390,199
86$119,607,170$41,695,485$30,235,799$98,735,454
87$131,719,320$43,650,782$31,160,917$107,896,078
88$145,064,144$45,699,124$32,114,261$117,953,698
89$159,767,288$47,844,982$33,096,690$128,998,202
90$175,967,211$50,093,046$34,109,089$141,128,572
91$193,816,491$52,448,229$35,152,368$154,453,810
92$213,483,267$54,915,687$36,227,466$169,093,962
93$235,152,825$57,500,820$37,335,351$185,181,231
94$259,029,348$60,209,295$38,477,020$202,861,224
95$285,337,840$63,047,049$39,653,499$222,294,306
96$314,326,255$66,020,310$40,865,847$243,657,106
97$346,267,833$69,135,605$42,115,152$267,144,172
98$381,463,681$72,399,779$43,402,539$292,969,792
99$420,245,616$75,820,008$44,729,164$321,370,004
100$462,979,297$79,403,816$46,096,219$352,604,808