Can I retire at age 66 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$850,564$842,988$835,596$828,381$821,336$803,768
2 years$421,071$413,229$405,629$398,260$391,113$373,498
3 years$277,926$270,050$262,469$255,169$248,138$231,027
4 years$206,367$198,515$191,010$183,835$176,974$160,499
5 years$163,443$155,638$148,232$141,203$134,533$118,740
6 years$134,836$127,090$119,793$112,921$106,451$91,358
7 years$114,411$106,730$99,549$92,839$86,573$72,182
8 years$99,099$91,488$84,425$77,880$71,821$58,126
9 years$87,196$79,656$72,715$66,337$60,484$47,477
10 years$77,679$70,213$63,395$57,183$51,535$39,202
11 years$69,898$62,507$55,812$49,766$44,322$32,648
12 years$63,418$56,103$49,532$43,652$38,408$27,375
13 years$57,939$50,700$44,253$38,538$33,493$23,080
14 years$53,247$46,085$39,762$34,210$29,360$19,548
15 years$49,184$42,100$35,900$30,509$25,851$16,618
16 years$45,633$38,626$32,548$27,317$22,847$14,171
17 years$42,503$35,573$29,618$24,544$20,258$12,116
18 years$39,723$32,871$27,037$22,120$18,012$10,381
19 years$37,239$30,464$24,751$19,987$16,055$8,912
20 years$35,006$28,309$22,715$18,102$14,340$7,662
21 years$32,989$26,369$20,894$16,429$12,833$6,596
22 years$31,157$24,614$19,257$14,937$11,503$5,686
23 years$29,487$23,021$17,780$13,604$10,326$4,905
24 years$27,959$21,569$16,444$12,407$9,281$4,236
25 years$26,555$20,242$15,230$11,331$8,351$3,660
26 years$25,261$19,024$14,125$10,361$7,523$3,165
27 years$24,065$17,904$13,116$9,483$6,782$2,738
28 years$22,956$16,871$12,193$8,689$6,120$2,369
29 years$21,926$15,916$11,347$7,968$5,526$2,052
30 years$20,966$15,031$10,569$7,312$4,993$1,777
31 years$20,070$14,209$9,854$6,716$4,514$1,540
32 years$19,232$13,444$9,194$6,172$4,083$1,334
33 years$18,446$12,732$8,584$5,676$3,696$1,156
34 years$17,708$12,067$8,020$5,222$3,346$1,003
35 years$17,013$11,446$7,499$4,807$3,030$869
36 years$16,359$10,863$7,015$4,427$2,746$754
37 years$15,741$10,318$6,566$4,079$2,489$654
38 years$15,158$9,806$6,148$3,760$2,256$567
39 years$14,605$9,324$5,760$3,467$2,046$492
40 years$14,082$8,871$5,399$3,198$1,856$427
41 years$13,585$8,445$5,063$2,950$1,684$370
42 years$13,113$8,042$4,749$2,723$1,528$321
43 years$12,665$7,663$4,456$2,513$1,386$279
44 years$12,238$7,304$4,183$2,321$1,258$242
45 years$11,831$6,965$3,928$2,143$1,142$210
46 years$11,443$6,644$3,689$1,980$1,037$182
47 years$11,073$6,341$3,466$1,829$942$158
48 years$10,719$6,053$3,257$1,690$855$137
49 years$10,380$5,780$3,061$1,562$777$119
50 years$10,056$5,522$2,878$1,444$706$103

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $10,300,000, adding $2,523 every year, while hoping to spend $30,115 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: 70/6/24 Blend
65$10,300,000$10,300,000$10,300,000$10,300,000
66$11,353,202$10,807,302$10,647,652$12,078,901
67$12,479,187$11,304,818$10,972,307$13,062,181
68$13,719,013$11,825,703$11,306,828$14,134,424
69$15,084,259$12,371,070$11,651,514$15,307,483
70$16,587,687$12,942,086$12,006,673$16,591,349
71$18,243,357$13,539,974$12,372,622$17,997,025
72$20,066,763$14,166,015$12,749,688$19,536,625
73$22,074,977$14,821,555$13,138,207$21,223,486
74$24,286,813$15,508,000$13,538,526$23,072,297
75$26,723,003$16,226,826$13,951,001$25,099,230
76$29,406,390$16,979,582$14,376,001$27,322,097
77$32,362,149$17,767,888$14,813,904$29,760,513
78$35,618,019$18,593,445$15,265,100$32,436,079
79$39,204,568$19,458,035$15,729,992$35,372,589
80$43,155,480$20,363,525$16,208,993$38,596,246
81$47,507,875$21,311,873$16,702,530$42,135,914
82$52,302,656$22,305,133$17,211,042$46,023,384
83$57,584,897$23,345,455$17,734,983$50,293,673
84$63,404,269$24,435,095$18,274,817$54,985,356
85$69,815,507$25,576,417$18,831,026$60,140,923
86$76,878,928$26,771,900$19,404,104$65,807,181
87$84,660,998$28,024,143$19,994,561$72,035,692
88$93,234,962$29,335,868$20,602,921$78,883,261
89$102,681,534$30,709,932$21,229,726$86,412,462
90$113,089,661$32,149,329$21,875,531$94,692,237
91$124,557,356$33,657,196$22,540,912$103,798,532
92$137,192,631$35,236,823$23,226,457$113,815,023
93$151,114,513$36,891,661$23,932,777$124,833,895
94$166,454,166$38,625,326$24,660,498$136,956,710
95$183,356,133$40,441,608$25,410,266$150,295,368
96$201,979,694$42,344,482$26,182,745$164,973,154
97$222,500,377$44,338,116$26,978,622$181,125,903
98$245,111,611$46,426,880$27,798,601$198,903,274
99$270,026,551$48,615,352$28,643,410$218,470,165
100$297,480,092$50,908,337$29,513,797$240,008,262