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%12.6%
1 years$842,306$834,804$827,484$820,339$813,362$804,533
2 years$416,983$409,217$401,691$394,394$387,315$378,426
3 years$275,228$267,428$259,921$252,692$245,729$237,054
4 years$204,364$196,588$189,156$182,050$175,256$166,864
5 years$161,856$154,127$146,793$139,832$133,227$125,141
6 years$133,527$125,857$118,630$111,825$105,418$97,649
7 years$113,300$105,694$98,582$91,937$85,733$78,283
8 years$98,137$90,599$83,606$77,124$71,124$63,993
9 years$86,349$78,883$72,009$65,692$59,896$53,083
10 years$76,925$69,532$62,779$56,628$51,035$44,533
11 years$69,219$61,900$55,270$49,283$43,892$37,697
12 years$62,802$55,558$49,051$43,228$38,036$32,141
13 years$57,377$50,208$43,824$38,164$33,168$27,566
14 years$52,730$45,638$39,376$33,877$29,075$23,759
15 years$48,707$41,691$35,551$30,213$25,600$20,561
16 years$45,190$38,251$32,232$27,052$22,625$17,855
17 years$42,090$35,227$29,330$24,306$20,061$15,550
18 years$39,337$32,552$26,775$21,905$17,837$13,577
19 years$36,878$30,169$24,511$19,793$15,899$11,880
20 years$34,667$28,034$22,495$17,926$14,201$10,414
21 years$32,669$26,113$20,691$16,269$12,708$9,144
22 years$30,855$24,375$19,070$14,792$11,391$8,039
23 years$29,201$22,798$17,608$13,472$10,225$7,077
24 years$27,688$21,360$16,284$12,287$9,191$6,236
25 years$26,297$20,045$15,082$11,221$8,270$5,501
26 years$25,016$18,839$13,988$10,260$7,450$4,856
27 years$23,831$17,730$12,989$9,391$6,716$4,289
28 years$22,734$16,707$12,075$8,604$6,060$3,791
29 years$21,713$15,761$11,237$7,890$5,472$3,353
30 years$20,763$14,885$10,467$7,241$4,945$2,967
31 years$19,875$14,071$9,758$6,651$4,470$2,626
32 years$19,045$13,314$9,104$6,112$4,044$2,326
33 years$18,267$12,609$8,501$5,621$3,660$2,060
34 years$17,536$11,950$7,943$5,172$3,313$1,825
35 years$16,848$11,334$7,426$4,761$3,001$1,618
36 years$16,200$10,758$6,947$4,384$2,719$1,434
37 years$15,588$10,218$6,502$4,040$2,464$1,272
38 years$15,010$9,710$6,089$3,723$2,234$1,128
39 years$14,463$9,234$5,704$3,433$2,026$1,000
40 years$13,945$8,785$5,347$3,167$1,838$887
41 years$13,453$8,363$5,014$2,922$1,667$787
42 years$12,986$7,964$4,703$2,696$1,513$699
43 years$12,542$7,588$4,413$2,489$1,373$620
44 years$12,119$7,233$4,142$2,298$1,246$550
45 years$11,716$6,898$3,890$2,122$1,131$488
46 years$11,332$6,580$3,653$1,961$1,027$434
47 years$10,965$6,279$3,432$1,811$933$385
48 years$10,615$5,994$3,225$1,674$847$342
49 years$10,279$5,724$3,032$1,547$769$303
50 years$9,959$5,468$2,850$1,430$699$269

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 $4,903 every year, while hoping to spend $27,392 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: 51/25/24 Blend
65$10,200,000$10,200,000$10,200,000$10,200,000
66$11,245,457$10,704,857$10,546,757$11,743,173
67$12,363,349$11,200,251$10,870,929$12,584,248
68$13,594,348$11,719,000$11,205,042$13,495,076
69$14,949,961$12,262,221$11,549,401$14,484,901
70$16,442,871$12,831,083$11,904,319$15,561,234
71$18,087,049$13,426,812$12,270,120$16,732,331
72$19,897,895$14,050,692$12,647,135$18,007,265
73$21,892,374$14,704,070$13,035,708$19,396,010
74$24,089,185$15,388,358$13,436,193$20,909,532
75$26,508,930$16,105,035$13,848,953$22,559,889
76$29,174,312$16,855,653$14,274,365$24,360,341
77$32,110,349$17,641,838$14,712,813$26,325,470
78$35,344,610$18,465,294$15,164,698$28,471,317
79$38,907,475$19,327,807$15,630,430$30,815,526
80$42,832,420$20,231,252$16,110,432$33,377,508
81$47,156,335$21,177,592$16,605,140$36,178,619
82$51,919,872$22,168,885$17,115,003$39,242,358
83$57,167,828$23,207,290$17,640,485$42,594,582
84$62,949,568$24,295,069$18,182,062$46,263,747
85$69,319,490$25,434,593$18,740,227$50,281,171
86$76,337,540$26,628,349$19,315,487$54,681,321
87$84,069,775$27,878,945$19,908,362$59,502,137
88$92,588,992$29,189,113$20,519,391$64,785,382
89$101,975,407$30,561,718$21,149,130$70,577,029
90$112,317,421$31,999,764$21,798,148$76,927,689
91$123,712,447$33,506,402$22,467,034$83,893,083
92$136,267,833$35,084,931$23,156,396$91,534,559
93$150,101,874$36,738,816$23,866,858$99,919,665
94$165,344,932$38,471,684$24,599,064$109,122,779
95$182,140,660$40,287,342$25,353,678$119,225,798
96$200,647,365$42,189,779$26,131,384$130,318,911
97$221,039,498$44,183,180$26,932,887$142,501,434
98$243,509,299$46,271,928$27,758,911$155,882,742
99$268,268,620$48,460,625$28,610,207$170,583,290
100$295,550,914$50,754,091$29,487,544$186,735,740