Can I retire at age 66 with 10,200,000?

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 $10,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$842,306$834,804$827,484$820,339$813,362$787,641
2 years$416,983$409,217$401,691$394,394$387,315$361,635
3 years$275,228$267,428$259,921$252,692$245,729$220,895
4 years$204,364$196,588$189,156$182,050$175,256$151,459
5 years$161,856$154,127$146,793$139,832$133,227$110,530
6 years$133,527$125,857$118,630$111,825$105,418$83,841
7 years$113,300$105,694$98,582$91,937$85,733$65,274
8 years$98,137$90,599$83,606$77,124$71,124$51,769
9 years$86,349$78,883$72,009$65,692$59,896$41,624
10 years$76,925$69,532$62,779$56,628$51,035$33,817
11 years$69,219$61,900$55,270$49,283$43,892$27,698
12 years$62,802$55,558$49,051$43,228$38,036$22,831
13 years$57,377$50,208$43,824$38,164$33,168$18,916
14 years$52,730$45,638$39,376$33,877$29,075$15,737
15 years$48,707$41,691$35,551$30,213$25,600$13,136
16 years$45,190$38,251$32,232$27,052$22,625$10,995
17 years$42,090$35,227$29,330$24,306$20,061$9,225
18 years$39,337$32,552$26,775$21,905$17,837$7,754
19 years$36,878$30,169$24,511$19,793$15,899$6,528
20 years$34,667$28,034$22,495$17,926$14,201$5,503
21 years$32,669$26,113$20,691$16,269$12,708$4,644
22 years$30,855$24,375$19,070$14,792$11,391$3,922
23 years$29,201$22,798$17,608$13,472$10,225$3,316
24 years$27,688$21,360$16,284$12,287$9,191$2,805
25 years$26,297$20,045$15,082$11,221$8,270$2,374
26 years$25,016$18,839$13,988$10,260$7,450$2,010
27 years$23,831$17,730$12,989$9,391$6,716$1,702
28 years$22,734$16,707$12,075$8,604$6,060$1,443
29 years$21,713$15,761$11,237$7,890$5,472$1,223
30 years$20,763$14,885$10,467$7,241$4,945$1,037
31 years$19,875$14,071$9,758$6,651$4,470$879
32 years$19,045$13,314$9,104$6,112$4,044$745
33 years$18,267$12,609$8,501$5,621$3,660$632
34 years$17,536$11,950$7,943$5,172$3,313$536
35 years$16,848$11,334$7,426$4,761$3,001$455
36 years$16,200$10,758$6,947$4,384$2,719$386
37 years$15,588$10,218$6,502$4,040$2,464$328
38 years$15,010$9,710$6,089$3,723$2,234$278
39 years$14,463$9,234$5,704$3,433$2,026$236
40 years$13,945$8,785$5,347$3,167$1,838$200
41 years$13,453$8,363$5,014$2,922$1,667$170
42 years$12,986$7,964$4,703$2,696$1,513$144
43 years$12,542$7,588$4,413$2,489$1,373$122
44 years$12,119$7,233$4,142$2,298$1,246$104
45 years$11,716$6,898$3,890$2,122$1,131$88
46 years$11,332$6,580$3,653$1,961$1,027$75
47 years$10,965$6,279$3,432$1,811$933$64
48 years$10,615$5,994$3,225$1,674$847$54
49 years$10,279$5,724$3,032$1,547$769$46
50 years$9,959$5,468$2,850$1,430$699$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $10,200,000, adding $6,778 every year, while hoping to spend $25,107 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: 78/14/8 Blend
65$10,200,000$10,200,000$10,200,000$10,200,000
66$11,247,392$10,706,792$10,548,692$12,111,750
67$12,367,912$11,204,711$10,875,359$13,178,041
68$13,601,884$11,726,186$11,212,128$14,343,217
69$14,960,853$12,272,346$11,559,312$15,620,324
70$16,457,541$12,844,373$11,917,230$17,020,498
71$18,105,968$13,443,505$12,286,215$18,555,998
72$19,921,583$14,071,042$12,666,609$20,240,323
73$21,921,407$14,728,346$13,058,763$22,088,335
74$24,124,199$15,416,844$13,463,041$24,116,396
75$26,550,631$16,138,033$13,879,816$26,342,526
76$29,223,481$16,893,482$14,309,475$28,786,566
77$32,167,849$17,684,836$14,752,416$31,470,367
78$35,411,395$18,513,818$15,209,047$34,417,990
79$38,984,599$19,382,237$15,679,792$37,655,936
80$42,921,049$20,291,987$16,165,086$41,213,390
81$47,257,758$21,245,056$16,665,378$45,122,495
82$52,035,511$22,243,526$17,181,130$49,418,654
83$57,299,256$23,289,582$17,712,821$54,140,862
84$63,098,521$24,385,512$18,260,941$59,332,068
85$69,487,884$25,533,717$18,825,997$65,039,581
86$76,527,493$26,736,713$19,408,512$71,315,512
87$84,283,624$27,997,139$20,009,024$78,217,264
88$92,829,317$29,317,762$20,628,089$85,808,070
89$102,245,056$30,701,480$21,266,279$94,157,584
90$112,619,535$32,151,337$21,924,183$103,342,542
91$124,050,494$33,670,519$22,602,410$113,447,473
92$136,645,640$35,262,369$23,301,586$124,565,501
93$150,523,663$36,930,394$24,022,357$136,799,217
94$165,815,360$38,678,266$24,765,389$150,261,642
95$182,664,866$40,509,840$25,531,369$165,077,293
96$201,231,016$42,429,157$26,321,004$181,383,350
97$221,688,845$44,440,451$27,135,023$199,330,947
98$244,231,239$46,548,165$27,974,178$219,086,598
99$269,070,757$48,756,956$28,839,244$240,833,756
100$296,441,635$51,071,707$29,731,019$264,774,547