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%15.7%
1 years$850,564$842,988$835,596$828,381$821,336$802,132
2 years$421,071$413,229$405,629$398,260$391,113$371,874
3 years$277,926$270,050$262,469$255,169$248,138$229,466
4 years$206,367$198,515$191,010$183,835$176,974$159,012
5 years$163,443$155,638$148,232$141,203$134,533$117,332
6 years$134,836$127,090$119,793$112,921$106,451$90,028
7 years$114,411$106,730$99,549$92,839$86,573$70,931
8 years$99,099$91,488$84,425$77,880$71,821$56,953
9 years$87,196$79,656$72,715$66,337$60,484$46,379
10 years$77,679$70,213$63,395$57,183$51,535$38,178
11 years$69,898$62,507$55,812$49,766$44,322$31,693
12 years$63,418$56,103$49,532$43,652$38,408$26,488
13 years$57,939$50,700$44,253$38,538$33,493$22,258
14 years$53,247$46,085$39,762$34,210$29,360$18,787
15 years$49,184$42,100$35,900$30,509$25,851$15,916
16 years$45,633$38,626$32,548$27,317$22,847$13,524
17 years$42,503$35,573$29,618$24,544$20,258$11,521
18 years$39,723$32,871$27,037$22,120$18,012$9,836
19 years$37,239$30,464$24,751$19,987$16,055$8,412
20 years$35,006$28,309$22,715$18,102$14,340$7,205
21 years$32,989$26,369$20,894$16,429$12,833$6,179
22 years$31,157$24,614$19,257$14,937$11,503$5,306
23 years$29,487$23,021$17,780$13,604$10,326$4,560
24 years$27,959$21,569$16,444$12,407$9,281$3,922
25 years$26,555$20,242$15,230$11,331$8,351$3,375
26 years$25,261$19,024$14,125$10,361$7,523$2,907
27 years$24,065$17,904$13,116$9,483$6,782$2,504
28 years$22,956$16,871$12,193$8,689$6,120$2,159
29 years$21,926$15,916$11,347$7,968$5,526$1,861
30 years$20,966$15,031$10,569$7,312$4,993$1,606
31 years$20,070$14,209$9,854$6,716$4,514$1,385
32 years$19,232$13,444$9,194$6,172$4,083$1,196
33 years$18,446$12,732$8,584$5,676$3,696$1,032
34 years$17,708$12,067$8,020$5,222$3,346$891
35 years$17,013$11,446$7,499$4,807$3,030$769
36 years$16,359$10,863$7,015$4,427$2,746$664
37 years$15,741$10,318$6,566$4,079$2,489$574
38 years$15,158$9,806$6,148$3,760$2,256$496
39 years$14,605$9,324$5,760$3,467$2,046$428
40 years$14,082$8,871$5,399$3,198$1,856$370
41 years$13,585$8,445$5,063$2,950$1,684$320
42 years$13,113$8,042$4,749$2,723$1,528$276
43 years$12,665$7,663$4,456$2,513$1,386$239
44 years$12,238$7,304$4,183$2,321$1,258$206
45 years$11,831$6,965$3,928$2,143$1,142$178
46 years$11,443$6,644$3,689$1,980$1,037$154
47 years$11,073$6,341$3,466$1,829$942$133
48 years$10,719$6,053$3,257$1,690$855$115
49 years$10,380$5,780$3,061$1,562$777$99
50 years$10,056$5,522$2,878$1,444$706$86

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 $5,118 every year, while hoping to spend $31,246 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: 62/15/23 Blend
65$10,300,000$10,300,000$10,300,000$10,300,000
66$11,355,879$10,809,979$10,650,329$11,990,964
67$12,480,933$11,306,423$10,973,870$12,917,685
68$13,719,696$11,826,145$11,307,202$13,925,152
69$15,083,732$12,370,253$11,650,620$15,024,448
70$16,585,785$12,939,908$12,004,429$16,224,536
71$18,239,899$13,536,327$12,368,940$17,535,275
72$20,061,546$14,160,785$12,744,478$18,967,516
73$22,067,779$14,814,618$13,131,373$20,533,198
74$24,277,386$15,499,228$13,529,967$22,245,460
75$26,711,072$16,216,083$13,940,614$24,118,763
76$29,391,652$16,966,721$14,363,674$26,169,024
77$32,344,266$17,752,756$14,799,523$28,413,763
78$35,596,619$18,575,879$15,248,545$30,872,265
79$39,179,239$19,437,862$15,711,136$33,565,763
80$43,125,767$20,340,563$16,187,705$36,517,631
81$47,473,273$21,285,929$16,678,671$39,753,602
82$52,262,609$22,276,001$17,184,468$43,302,012
83$57,538,789$23,312,919$17,705,542$47,194,061
84$63,351,419$24,398,926$18,242,351$51,464,103
85$69,755,163$25,536,373$18,795,370$56,149,968
86$76,810,260$26,727,724$19,365,084$61,293,319
87$84,583,088$27,975,564$19,951,996$66,940,033
88$93,146,797$29,282,601$20,556,622$73,140,639
89$102,581,996$30,651,675$21,179,495$79,950,786
90$112,977,514$32,085,760$21,821,162$87,431,762
91$124,431,237$33,587,979$22,482,187$95,651,074
92$137,051,035$35,161,603$23,163,153$104,683,076
93$150,955,779$36,810,059$23,864,657$114,609,667
94$166,276,461$38,536,945$24,587,316$125,521,059
95$183,157,433$40,346,029$25,331,764$137,516,622
96$201,757,769$42,241,262$26,098,656$150,705,820
97$222,252,765$44,226,787$26,888,664$165,209,234
98$244,835,595$46,306,948$27,702,483$181,159,697
99$269,719,135$48,486,297$28,540,825$198,703,540
100$297,137,971$50,769,610$29,404,426$218,001,968