Can I retire at age 66 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$858,822$851,172$843,709$836,424$829,311$816,918
2 years$425,160$417,241$409,567$402,127$394,910$382,452
3 years$280,624$272,672$265,017$257,647$250,547$238,412
4 years$208,371$200,443$192,865$185,620$178,692$166,973
5 years$165,030$157,149$149,671$142,574$135,839$124,570
6 years$136,145$128,324$120,956$114,017$107,485$96,679
7 years$115,522$107,767$100,515$93,740$87,414$77,076
8 years$100,061$92,376$85,245$78,636$72,518$62,645
9 years$88,043$80,430$73,421$66,981$61,071$51,658
10 years$78,433$70,895$64,010$57,738$52,035$43,076
11 years$70,576$63,114$56,354$50,249$44,752$36,237
12 years$64,033$56,647$50,013$44,075$38,781$30,700
13 years$58,502$51,193$44,683$38,912$33,818$26,159
14 years$53,764$46,533$40,148$34,542$29,645$22,396
15 years$49,662$42,508$36,248$30,805$26,102$19,250
16 years$46,076$39,001$32,864$27,583$23,069$16,601
17 years$42,915$35,918$29,905$24,783$20,454$14,357
18 years$40,109$33,190$27,299$22,334$18,187$12,446
19 years$37,601$30,760$24,991$20,181$16,210$10,811
20 years$35,346$28,584$22,936$18,278$14,479$9,407
21 years$33,309$26,625$21,097$16,588$12,957$8,198
22 years$31,460$24,853$19,444$15,082$11,615$7,153
23 years$29,774$23,245$17,953$13,736$10,426$6,249
24 years$28,230$21,779$16,603$12,528$9,371$5,464
25 years$26,813$20,438$15,378$11,441$8,432$4,781
26 years$25,506$19,209$14,262$10,461$7,596$4,187
27 years$24,299$18,078$13,244$9,575$6,848$3,670
28 years$23,179$17,034$12,312$8,773$6,179$3,218
29 years$22,139$16,070$11,457$8,045$5,580$2,823
30 years$21,170$15,176$10,672$7,383$5,042$2,477
31 years$20,265$14,347$9,949$6,781$4,558$2,175
32 years$19,418$13,575$9,283$6,232$4,123$1,910
33 years$18,625$12,856$8,667$5,731$3,731$1,678
34 years$17,880$12,184$8,098$5,273$3,378$1,474
35 years$17,178$11,557$7,571$4,854$3,060$1,296
36 years$16,518$10,969$7,083$4,470$2,772$1,139
37 years$15,894$10,418$6,629$4,119$2,513$1,001
38 years$15,305$9,901$6,208$3,796$2,278$881
39 years$14,747$9,415$5,816$3,501$2,066$774
40 years$14,218$8,957$5,452$3,229$1,874$681
41 years$13,717$8,527$5,112$2,979$1,700$599
42 years$13,241$8,120$4,795$2,749$1,543$527
43 years$12,788$7,737$4,500$2,538$1,400$464
44 years$12,357$7,375$4,224$2,343$1,271$408
45 years$11,946$7,033$3,966$2,164$1,154$359
46 years$11,554$6,709$3,725$1,999$1,047$316
47 years$11,180$6,402$3,499$1,847$951$278
48 years$10,823$6,112$3,288$1,707$864$245
49 years$10,481$5,837$3,091$1,577$784$215
50 years$10,154$5,575$2,906$1,458$713$189

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $10,400,000, adding $4,512 every year, while hoping to spend $57,695 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: 64/15/21 Blend
65$10,400,000$10,400,000$10,400,000$10,400,000
66$11,465,454$10,914,254$10,753,054$12,137,132
67$12,573,543$11,387,666$11,051,894$13,063,256
68$13,792,724$11,882,340$11,358,812$14,067,723
69$15,134,267$12,399,260$11,674,017$15,163,793
70$16,610,589$12,939,451$11,997,724$16,360,432
71$18,235,374$13,503,989$12,330,153$17,667,508
72$20,023,698$14,094,000$12,671,529$19,095,881
73$21,992,173$14,710,664$13,022,083$20,657,501
74$24,159,104$15,355,215$13,382,051$22,365,525
75$26,544,658$16,028,947$13,751,676$24,234,434
76$29,171,061$16,733,213$14,131,205$26,280,168
77$32,062,801$17,469,432$14,520,892$28,520,278
78$35,246,862$18,239,089$14,920,997$30,974,085
79$38,752,977$19,043,740$15,331,785$33,662,861
80$42,613,910$19,885,012$15,753,529$36,610,031
81$46,865,764$20,764,613$16,186,508$39,841,386
82$51,548,322$21,684,330$16,631,006$43,385,328
83$56,705,422$22,646,033$17,087,316$47,273,132
84$62,385,371$23,651,684$17,555,736$51,539,241
85$68,641,397$24,703,335$18,036,573$56,221,589
86$75,532,160$25,803,138$18,530,137$61,361,949
87$83,122,294$26,953,346$19,036,751$67,006,335
88$91,483,026$28,156,318$19,556,740$73,205,422
89$100,692,844$29,414,527$20,090,440$80,015,029
90$110,838,238$30,730,563$20,638,194$87,496,637
91$122,014,515$32,107,138$21,200,351$95,717,968
92$134,326,703$33,547,095$21,777,270$104,753,621
93$147,890,535$35,053,410$22,369,316$114,685,768
94$162,833,547$36,629,205$22,976,866$125,604,932
95$179,296,278$38,277,746$23,600,301$137,610,828
96$197,433,600$40,002,457$24,240,012$150,813,309
97$217,416,176$41,806,926$24,896,401$165,333,391
98$239,432,071$43,694,910$25,569,876$181,304,394
99$263,688,530$45,670,349$26,260,855$198,873,194
100$290,413,932$47,737,367$26,969,764$218,201,604