Placeholder font-size bigger than 16px

The input and its placeholder must have matching font styles

input {
    width: 400px;
    padding: 0 20px;
}

input,
input::-webkit-input-placeholder {
    font-size: 20px;
    line-height: 3;
}
<input type="text" placeholder="My Cool Placeholder Text">

Placeholder styles will not resize an input field and will not affect its box model. Add font-size to your input to fix the placeholder from getting cut off.

You also might consider adding placeholder styles for other browsers...

::-moz-placeholder {} /* Firefox 19+ */
:-moz-placeholder {}  /* Firefox 18- */
:-ms-input-placeholder {} /* IE */