Can I retire at age 66 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,267,284
2 years$662,268$649,934$637,980$626,390$615,148$590,533
3 years$437,126$424,739$412,815$401,334$390,275$366,339
4 years$324,577$312,228$300,424$289,139$278,348$255,275
5 years$257,066$244,791$233,141$222,086$211,595$189,453
6 years$212,073$199,890$188,413$177,604$167,428$146,240
7 years$179,948$167,867$156,572$146,018$136,164$115,935
8 years$155,865$143,893$132,785$122,491$112,961$93,686
9 years$137,143$125,285$114,368$104,335$95,130$76,796
10 years$122,175$110,433$99,709$89,938$81,055$63,647
11 years$109,936$98,312$87,782$78,273$69,710$53,207
12 years$99,744$88,239$77,904$68,656$60,409$44,787
13 years$91,127$79,742$69,602$60,613$52,678$37,912
14 years$83,748$72,484$62,538$53,805$46,177$32,241
15 years$77,358$66,215$56,463$47,985$40,658$27,522
16 years$71,772$60,751$51,192$42,965$35,934$23,569
17 years$66,849$55,950$46,583$38,604$31,861$20,238
18 years$62,477$51,700$42,524$34,790$28,330$17,417
19 years$58,570$47,915$38,929$31,436$25,251$15,018
20 years$55,059$44,525$35,727$28,471$22,555$12,971
21 years$51,886$41,473$32,862$25,839$20,184$11,218
22 years$49,005$38,714$30,287$23,494$18,092$9,714
23 years$46,378$36,208$27,965$21,396$16,240$8,420
24 years$43,974$33,925$25,863$19,515$14,597$7,305
25 years$41,766$31,837$23,954$17,822$13,135$6,342
26 years$39,731$29,921$22,216$16,295$11,832$5,510
27 years$37,850$28,159$20,630$14,916$10,667$4,790
28 years$36,106$26,534$19,178$13,666$9,625$4,166
29 years$34,486$25,032$17,847$12,532$8,691$3,625
30 years$32,976$23,640$16,624$11,501$7,853$3,155
31 years$31,567$22,348$15,498$10,563$7,100$2,747
32 years$30,248$21,146$14,460$9,708$6,423$2,393
33 years$29,012$20,025$13,501$8,927$5,812$2,084
34 years$27,851$18,979$12,615$8,214$5,262$1,816
35 years$26,759$18,002$11,794$7,561$4,766$1,583
36 years$25,729$17,086$11,033$6,964$4,319$1,380
37 years$24,758$16,228$10,327$6,416$3,914$1,203
38 years$23,840$15,422$9,670$5,914$3,549$1,049
39 years$22,971$14,665$9,060$5,453$3,218$914
40 years$22,148$13,953$8,492$5,029$2,919$797
41 years$21,367$13,282$7,963$4,640$2,648$695
42 years$20,625$12,649$7,469$4,282$2,403$607
43 years$19,919$12,052$7,009$3,953$2,181$529
44 years$19,248$11,488$6,579$3,650$1,979$462
45 years$18,608$10,955$6,178$3,371$1,797$403
46 years$17,998$10,451$5,802$3,114$1,631$351
47 years$17,415$9,973$5,451$2,877$1,481$306
48 years$16,858$9,521$5,122$2,658$1,345$267
49 years$16,326$9,092$4,815$2,457$1,222$233
50 years$15,817$8,685$4,527$2,271$1,110$203

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $16,200,000, adding $3,197 every year, while hoping to spend $25,130 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: 51/33/16 Blend
65$16,200,000$16,200,000$16,200,000$16,200,000
66$17,855,698$16,997,098$16,745,998$18,688,020
67$19,650,241$17,803,217$17,280,251$20,066,197
68$21,626,985$18,647,995$17,831,559$21,560,829
69$23,804,488$19,533,297$18,400,467$23,185,234
70$26,203,201$20,461,083$18,987,537$24,951,674
71$28,845,658$21,433,407$19,593,350$26,873,622
72$31,756,691$22,452,421$20,218,504$28,965,878
73$34,963,667$23,520,383$20,863,617$31,244,708
74$38,496,740$24,639,660$21,529,327$33,727,982
75$42,389,140$25,812,736$22,216,292$36,435,345
76$46,677,485$27,042,213$22,925,190$39,388,392
77$51,402,128$28,330,821$23,656,724$42,610,862
78$56,607,536$29,681,422$24,411,615$46,128,856
79$62,342,711$31,097,018$25,190,610$49,971,077
80$68,661,652$32,580,756$25,994,480$54,169,092
81$75,623,864$34,135,936$26,824,019$58,757,617
82$83,294,921$35,766,021$27,680,047$63,774,839
83$91,747,086$37,474,638$28,563,411$69,262,768
84$101,059,988$39,265,595$29,474,984$75,267,620
85$111,321,378$41,142,881$30,415,668$81,840,244
86$122,627,959$43,110,682$31,386,393$89,036,589
87$135,086,293$45,173,387$32,388,119$96,918,226
88$148,813,810$47,335,599$33,421,836$105,552,909
89$163,939,919$49,602,143$34,488,568$115,015,208
90$180,607,224$51,978,082$35,589,369$125,387,196
91$198,972,876$54,468,723$36,725,328$136,759,214
92$219,210,052$57,079,633$37,897,569$149,230,702
93$241,509,590$59,816,648$39,107,250$162,911,128
94$266,081,795$62,685,890$40,355,570$177,921,006
95$293,158,419$65,693,780$41,643,762$194,393,010
96$322,994,852$68,847,049$42,973,102$212,473,216
97$355,872,530$72,152,758$44,344,905$232,322,459
98$392,101,596$75,618,311$45,760,527$254,117,834
99$432,023,824$79,251,473$47,221,369$278,054,343
100$476,015,846$83,060,388$48,728,878$304,346,720