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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.5%
1 years$850,564$842,988$835,596$828,381$821,336$809,397
2 years$421,071$413,229$405,629$398,260$391,113$379,109
3 years$277,926$270,050$262,469$255,169$248,138$236,443
4 years$206,367$198,515$191,010$183,835$176,974$165,678
5 years$163,443$155,638$148,232$141,203$134,533$123,669
6 years$134,836$127,090$119,793$112,921$106,451$96,032
7 years$114,411$106,730$99,549$92,839$86,573$76,602
8 years$99,099$91,488$84,425$77,880$71,821$62,296
9 years$87,196$79,656$72,715$66,337$60,484$51,401
10 years$77,679$70,213$63,395$57,183$51,535$42,887
11 years$69,898$62,507$55,812$49,766$44,322$36,101
12 years$63,418$56,103$49,532$43,652$38,408$30,604
13 years$57,939$50,700$44,253$38,538$33,493$26,095
14 years$53,247$46,085$39,762$34,210$29,360$22,356
15 years$49,184$42,100$35,900$30,509$25,851$19,229
16 years$45,633$38,626$32,548$27,317$22,847$16,595
17 years$42,503$35,573$29,618$24,544$20,258$14,361
18 years$39,723$32,871$27,037$22,120$18,012$12,458
19 years$37,239$30,464$24,751$19,987$16,055$10,830
20 years$35,006$28,309$22,715$18,102$14,340$9,430
21 years$32,989$26,369$20,894$16,429$12,833$8,224
22 years$31,157$24,614$19,257$14,937$11,503$7,182
23 years$29,487$23,021$17,780$13,604$10,326$6,278
24 years$27,959$21,569$16,444$12,407$9,281$5,494
25 years$26,555$20,242$15,230$11,331$8,351$4,812
26 years$25,261$19,024$14,125$10,361$7,523$4,217
27 years$24,065$17,904$13,116$9,483$6,782$3,699
28 years$22,956$16,871$12,193$8,689$6,120$3,246
29 years$21,926$15,916$11,347$7,968$5,526$2,850
30 years$20,966$15,031$10,569$7,312$4,993$2,503
31 years$20,070$14,209$9,854$6,716$4,514$2,199
32 years$19,232$13,444$9,194$6,172$4,083$1,933
33 years$18,446$12,732$8,584$5,676$3,696$1,700
34 years$17,708$12,067$8,020$5,222$3,346$1,495
35 years$17,013$11,446$7,499$4,807$3,030$1,315
36 years$16,359$10,863$7,015$4,427$2,746$1,157
37 years$15,741$10,318$6,566$4,079$2,489$1,018
38 years$15,158$9,806$6,148$3,760$2,256$896
39 years$14,605$9,324$5,760$3,467$2,046$788
40 years$14,082$8,871$5,399$3,198$1,856$694
41 years$13,585$8,445$5,063$2,950$1,684$611
42 years$13,113$8,042$4,749$2,723$1,528$538
43 years$12,665$7,663$4,456$2,513$1,386$474
44 years$12,238$7,304$4,183$2,321$1,258$417
45 years$11,831$6,965$3,928$2,143$1,142$367
46 years$11,443$6,644$3,689$1,980$1,037$324
47 years$11,073$6,341$3,466$1,829$942$285
48 years$10,719$6,053$3,257$1,690$855$251
49 years$10,380$5,780$3,061$1,562$777$221
50 years$10,056$5,522$2,878$1,444$706$195

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 $6,084 every year, while hoping to spend $28,512 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: 35/35/30 Blend
65$10,300,000$10,300,000$10,300,000$10,300,000
66$11,356,876$10,810,976$10,651,326$11,651,645
67$12,484,940$11,310,377$10,977,809$12,373,624
68$13,727,112$11,833,293$11,314,273$13,149,099
69$15,095,000$12,380,847$11,661,023$13,985,300
70$16,601,395$12,954,214$12,018,373$14,887,688
71$18,260,394$13,554,627$12,386,645$15,862,255
72$20,087,529$14,183,378$12,766,172$16,915,567
73$22,099,916$14,841,823$13,157,298$18,054,831
74$24,316,415$15,531,380$13,560,375$19,287,953
75$26,757,810$16,253,538$13,975,769$20,623,606
76$29,447,003$17,009,857$14,403,853$22,071,315
77$32,409,229$17,801,973$14,845,014$23,641,533
78$35,672,300$18,631,599$15,299,652$25,345,739
79$39,266,860$19,500,533$15,768,176$27,196,540
80$43,226,679$20,410,658$16,251,008$29,207,784
81$47,588,969$21,363,949$16,748,586$31,394,684
82$52,394,738$22,362,476$17,261,357$33,773,956
83$57,689,173$23,408,409$17,789,785$36,363,968
84$63,522,071$24,504,024$18,334,345$39,184,911
85$69,948,305$25,651,704$18,895,529$42,258,978
86$77,028,346$26,853,951$19,473,842$45,610,566
87$84,828,828$28,113,385$20,069,807$49,266,500
88$93,423,182$29,432,755$20,683,959$53,256,279
89$102,892,328$30,814,941$21,316,852$57,612,342
90$113,325,435$32,262,963$21,969,057$62,370,368
91$124,820,770$33,779,989$22,641,161$67,569,602
92$137,486,617$35,369,337$23,333,768$73,253,218
93$151,442,306$37,034,488$24,047,503$79,468,712
94$166,819,334$38,779,091$24,783,008$86,268,340
95$183,762,612$40,606,972$25,540,944$93,709,606
96$202,431,826$42,522,142$26,321,994$101,855,785
97$223,002,952$44,528,806$27,126,860$110,776,511
98$245,669,909$46,631,374$27,956,267$120,548,424
99$270,646,397$48,834,468$28,810,958$131,255,876
100$298,167,909$51,142,936$29,691,705$142,991,714