Can I retire at age 66 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,310,159
2 years$682,708$669,993$657,671$645,723$634,134$612,510
3 years$450,618$437,848$425,556$413,721$402,321$381,268
4 years$334,595$321,865$309,696$298,063$286,938$266,619
5 years$265,000$252,346$240,337$228,941$218,126$198,599
6 years$218,618$206,059$194,228$183,086$172,596$153,883
7 years$185,501$173,048$161,404$150,525$140,367$122,474
8 years$160,675$148,334$136,884$126,272$116,448$99,372
9 years$141,376$129,152$117,898$107,555$98,066$81,798
10 years$125,946$113,841$102,786$92,714$83,557$68,084
11 years$113,329$101,346$90,491$80,689$71,862$57,167
12 years$102,823$90,963$80,309$70,775$62,274$48,339
13 years$93,940$82,204$71,750$62,484$54,304$41,108
14 years$86,333$74,721$64,468$55,466$47,603$35,124
15 years$79,745$68,259$58,206$49,466$41,913$30,128
16 years$73,987$62,626$52,772$44,291$37,043$25,928
17 years$68,912$57,676$48,021$39,795$32,845$22,375
18 years$64,405$53,296$43,837$35,864$29,204$19,354
19 years$60,378$49,394$40,130$32,406$26,030$16,775
20 years$56,758$45,899$36,830$29,350$23,251$14,564
21 years$53,487$42,753$33,876$26,637$20,807$12,663
22 years$50,517$39,909$31,222$24,219$18,650$11,024
23 years$47,810$37,326$28,828$22,057$16,742$9,608
24 years$45,332$34,972$26,661$20,117$15,048$8,381
25 years$43,055$32,819$24,694$18,372$13,541$7,317
26 years$40,957$30,845$22,902$16,798$12,197$6,393
27 years$39,018$29,029$21,267$15,376$10,997$5,589
28 years$37,221$27,353$19,770$14,088$9,922$4,889
29 years$35,550$25,805$18,398$12,919$8,960$4,278
30 years$33,994$24,370$17,137$11,856$8,096$3,745
31 years$32,541$23,038$15,976$10,889$7,319$3,280
32 years$31,182$21,798$14,906$10,007$6,621$2,873
33 years$29,907$20,643$13,918$9,202$5,992$2,518
34 years$28,710$19,565$13,004$8,467$5,425$2,207
35 years$27,584$18,557$12,158$7,794$4,914$1,935
36 years$26,523$17,614$11,373$7,178$4,452$1,696
37 years$25,522$16,729$10,645$6,614$4,035$1,488
38 years$24,576$15,898$9,969$6,096$3,658$1,305
39 years$23,680$15,118$9,340$5,621$3,317$1,145
40 years$22,832$14,383$8,754$5,185$3,009$1,004
41 years$22,026$13,692$8,209$4,783$2,730$881
42 years$21,262$13,039$7,700$4,415$2,477$773
43 years$20,534$12,424$7,225$4,075$2,248$678
44 years$19,842$11,843$6,782$3,763$2,040$595
45 years$19,182$11,293$6,368$3,475$1,852$522
46 years$18,553$10,773$5,981$3,210$1,682$459
47 years$17,953$10,281$5,619$2,966$1,527$402
48 years$17,379$9,814$5,281$2,740$1,387$353
49 years$16,830$9,372$4,963$2,533$1,260$310
50 years$16,305$8,953$4,666$2,341$1,144$272

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $16,700,000, adding $4,126 every year, while hoping to spend $54,311 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: 35/37/28 Blend
65$16,700,000$16,700,000$16,700,000$16,700,000
66$18,407,656$17,522,556$17,263,706$18,896,365
67$20,227,450$18,323,375$17,784,254$20,063,639
68$22,231,044$19,161,613$18,320,419$21,317,041
69$24,437,126$20,039,048$18,872,669$22,668,414
70$26,866,291$20,957,540$19,441,482$24,126,564
71$29,541,234$21,919,041$20,027,353$25,701,142
72$32,486,960$22,925,594$20,630,790$27,402,735
73$35,731,025$23,979,343$21,252,316$29,242,954
74$39,303,792$25,082,533$21,892,471$31,234,538
75$43,238,719$26,237,518$22,551,809$33,391,466
76$47,572,677$27,446,764$23,230,903$35,729,081
77$52,346,291$28,712,857$23,930,339$38,264,228
78$57,604,332$30,038,506$24,650,725$41,015,401
79$63,396,133$31,426,552$25,392,683$44,002,910
80$69,776,056$32,879,971$26,156,856$47,249,065
81$76,804,007$34,401,883$26,943,904$50,778,374
82$84,546,000$35,995,559$27,754,509$54,617,765
83$93,074,777$37,664,427$28,589,370$58,796,827
84$102,470,500$39,412,079$29,449,209$63,348,083
85$112,821,502$41,242,282$30,334,769$68,307,279
86$124,225,126$43,158,984$31,246,814$73,713,715
87$136,788,637$45,166,323$32,186,131$79,610,597
88$150,630,242$47,268,637$33,153,531$86,045,435
89$165,880,200$49,470,473$34,149,847$93,070,477
90$182,682,052$51,776,598$35,175,938$100,743,186
91$201,193,978$54,192,008$36,232,689$109,126,766
92$221,590,289$56,721,942$37,321,009$118,290,746
93$244,063,071$59,371,889$38,441,836$128,311,617
94$268,824,000$62,147,607$39,596,133$139,273,535
95$296,106,338$65,055,130$40,784,893$151,269,099
96$326,167,137$68,100,784$42,009,140$164,400,206
97$359,289,662$71,291,201$43,269,924$178,778,989
98$395,786,070$74,633,332$44,568,329$194,528,859
99$436,000,351$78,134,467$45,905,469$211,785,645
100$480,311,578$81,802,246$47,282,493$230,698,854