Can I retire at age 66 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,235,339
2 years$658,180$645,922$634,042$622,523$611,351$563,053
3 years$434,428$422,117$410,267$398,857$387,866$341,288
4 years$322,574$310,301$298,569$287,354$276,629$232,126
5 years$255,479$243,280$231,702$220,715$210,289$167,975
6 years$210,764$198,656$187,250$176,508$166,395$126,300
7 years$178,837$166,831$155,605$145,117$135,323$97,436
8 years$154,902$143,005$131,966$121,735$112,264$76,548
9 years$136,297$124,512$113,662$103,691$94,542$60,947
10 years$121,421$109,751$99,093$89,383$80,555$49,019
11 years$109,257$97,705$87,240$77,790$69,280$39,734
12 years$99,129$87,694$77,423$68,232$60,036$32,405
13 years$90,565$79,250$69,173$60,239$52,353$26,557
14 years$83,231$72,036$62,152$53,473$45,892$21,848
15 years$76,880$65,806$56,115$47,689$40,407$18,031
16 years$71,329$60,376$50,876$42,700$35,712$14,919
17 years$66,436$55,604$46,295$38,366$31,665$12,370
18 years$62,092$51,381$42,262$34,575$28,155$10,274
19 years$58,209$47,619$38,689$31,242$25,095$8,545
20 years$54,719$44,250$35,506$28,295$22,415$7,116
21 years$51,565$41,217$32,659$25,680$20,059$5,931
22 years$48,702$38,475$30,100$23,349$17,980$4,947
23 years$46,092$35,985$27,792$21,264$16,140$4,130
24 years$43,703$33,715$25,703$19,394$14,507$3,449
25 years$41,508$31,640$23,806$17,712$13,054$2,882
26 years$39,486$29,737$22,079$16,195$11,759$2,409
27 years$37,616$27,986$20,502$14,824$10,601$2,014
28 years$35,883$26,371$19,060$13,582$9,566$1,685
29 years$34,273$24,878$17,737$12,455$8,638$1,409
30 years$32,773$23,494$16,521$11,430$7,805$1,179
31 years$31,372$22,210$15,402$10,498$7,056$987
32 years$30,061$21,015$14,370$9,648$6,383$826
33 years$28,833$19,902$13,418$8,872$5,777$691
34 years$27,679$18,862$12,537$8,163$5,230$579
35 years$26,593$17,891$11,721$7,514$4,737$485
36 years$25,571$16,981$10,965$6,921$4,292$406
37 years$24,605$16,128$10,263$6,376$3,890$340
38 years$23,693$15,327$9,611$5,877$3,527$284
39 years$22,829$14,575$9,004$5,419$3,198$238
40 years$22,011$13,867$8,440$4,998$2,901$199
41 years$21,235$13,200$7,914$4,612$2,632$167
42 years$20,498$12,571$7,423$4,256$2,388$140
43 years$19,797$11,978$6,966$3,929$2,167$117
44 years$19,129$11,417$6,539$3,628$1,967$98
45 years$18,493$10,887$6,139$3,350$1,786$82
46 years$17,887$10,386$5,766$3,095$1,621$69
47 years$17,308$9,911$5,417$2,859$1,472$58
48 years$16,754$9,462$5,091$2,642$1,337$48
49 years$16,225$9,035$4,785$2,442$1,214$40
50 years$15,719$8,631$4,499$2,257$1,103$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $16,100,000, adding $6,506 every year, while hoping to spend $56,873 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: 69/25/6 Blend
65$16,100,000$16,100,000$16,100,000$16,100,000
66$17,748,911$16,895,611$16,646,061$18,958,445
67$19,498,787$17,662,983$17,143,192$20,526,776
68$21,425,245$18,466,051$17,655,070$22,234,124
69$23,546,235$19,306,503$18,182,130$24,100,140
70$25,881,539$20,186,109$18,724,818$26,140,358
71$28,452,951$21,106,723$19,283,595$28,371,867
72$31,284,489$22,070,290$19,858,933$30,813,466
73$34,402,618$23,078,845$20,451,318$33,485,845
74$37,836,500$24,134,524$21,061,253$36,411,769
75$41,618,270$25,239,563$21,689,252$39,616,290
76$45,783,338$26,396,305$22,335,846$43,126,982
77$50,370,723$27,607,208$23,001,581$46,974,193
78$55,423,422$28,874,847$23,687,019$51,191,326
79$60,988,814$30,201,918$24,392,738$55,815,152
80$67,119,112$31,591,250$25,119,333$60,886,151
81$73,871,847$33,045,807$25,867,416$66,448,883
82$81,310,418$34,568,695$26,637,617$72,552,410
83$89,504,689$36,163,169$27,430,585$79,250,749
84$98,531,644$37,832,641$28,246,987$86,603,375
85$108,476,119$39,580,688$29,087,509$94,675,774
86$119,431,599$41,411,058$29,952,856$103,540,059
87$131,501,103$43,327,680$30,843,757$113,275,637
88$144,798,151$45,334,672$31,760,959$123,969,956
89$159,447,842$47,436,350$32,705,231$135,719,317
90$175,588,030$49,637,240$33,677,364$148,629,778
91$193,370,628$51,942,083$34,678,175$162,818,145
92$212,963,038$54,355,851$35,708,500$178,413,062
93$234,549,735$56,883,755$36,769,201$195,556,222
94$258,334,006$59,531,257$37,861,167$214,403,687
95$284,539,868$62,304,083$38,985,311$235,127,356
96$313,414,187$65,208,234$40,142,570$257,916,570
97$345,229,000$68,250,004$41,333,912$282,979,893
98$380,284,090$71,435,987$42,560,331$310,547,066
99$418,909,815$74,773,098$43,822,850$340,871,163
100$461,470,221$78,268,584$45,122,520$374,230,964