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%14%
1 years$858,822$851,172$843,709$836,424$829,311$815,572
2 years$425,160$417,241$409,567$402,127$394,910$381,108
3 years$280,624$272,672$265,017$257,647$250,547$237,112
4 years$208,371$200,443$192,865$185,620$178,692$165,728
5 years$165,030$157,149$149,671$142,574$135,839$123,383
6 years$136,145$128,324$120,956$114,017$107,485$95,550
7 years$115,522$107,767$100,515$93,740$87,414$76,005
8 years$100,061$92,376$85,245$78,636$72,518$61,633
9 years$88,043$80,430$73,421$66,981$61,071$50,703
10 years$78,433$70,895$64,010$57,738$52,035$42,176
11 years$70,576$63,114$56,354$50,249$44,752$35,391
12 years$64,033$56,647$50,013$44,075$38,781$29,906
13 years$58,502$51,193$44,683$38,912$33,818$25,416
14 years$53,764$46,533$40,148$34,542$29,645$21,702
15 years$49,662$42,508$36,248$30,805$26,102$18,602
16 years$46,076$39,001$32,864$27,583$23,069$15,998
17 years$42,915$35,918$29,905$24,783$20,454$13,796
18 years$40,109$33,190$27,299$22,334$18,187$11,925
19 years$37,601$30,760$24,991$20,181$16,210$10,328
20 years$35,346$28,584$22,936$18,278$14,479$8,960
21 years$33,309$26,625$21,097$16,588$12,957$7,785
22 years$31,460$24,853$19,444$15,082$11,615$6,772
23 years$29,774$23,245$17,953$13,736$10,426$5,897
24 years$28,230$21,779$16,603$12,528$9,371$5,140
25 years$26,813$20,438$15,378$11,441$8,432$4,484
26 years$25,506$19,209$14,262$10,461$7,596$3,915
27 years$24,299$18,078$13,244$9,575$6,848$3,420
28 years$23,179$17,034$12,312$8,773$6,179$2,989
29 years$22,139$16,070$11,457$8,045$5,580$2,613
30 years$21,170$15,176$10,672$7,383$5,042$2,286
31 years$20,265$14,347$9,949$6,781$4,558$2,000
32 years$19,418$13,575$9,283$6,232$4,123$1,751
33 years$18,625$12,856$8,667$5,731$3,731$1,533
34 years$17,880$12,184$8,098$5,273$3,378$1,342
35 years$17,178$11,557$7,571$4,854$3,060$1,176
36 years$16,518$10,969$7,083$4,470$2,772$1,030
37 years$15,894$10,418$6,629$4,119$2,513$903
38 years$15,305$9,901$6,208$3,796$2,278$791
39 years$14,747$9,415$5,816$3,501$2,066$693
40 years$14,218$8,957$5,452$3,229$1,874$608
41 years$13,717$8,527$5,112$2,979$1,700$533
42 years$13,241$8,120$4,795$2,749$1,543$467
43 years$12,788$7,737$4,500$2,538$1,400$409
44 years$12,357$7,375$4,224$2,343$1,271$359
45 years$11,946$7,033$3,966$2,164$1,154$315
46 years$11,554$6,709$3,725$1,999$1,047$276
47 years$11,180$6,402$3,499$1,847$951$242
48 years$10,823$6,112$3,288$1,707$864$212
49 years$10,481$5,837$3,091$1,577$784$186
50 years$10,154$5,575$2,906$1,458$713$163

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 $3,299 every year, while hoping to spend $59,475 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: 54/19/27 Blend
65$10,400,000$10,400,000$10,400,000$10,400,000
66$11,464,203$10,913,003$10,751,803$11,997,175
67$12,570,271$11,384,459$11,048,707$12,837,087
68$13,787,164$11,877,023$11,353,565$13,744,624
69$15,126,124$12,391,667$11,666,579$14,731,482
70$16,599,538$12,929,407$11,987,958$15,805,293
71$18,221,051$13,491,309$12,317,915$16,974,450
72$20,005,703$14,078,488$12,656,670$18,248,184
73$21,970,061$14,692,110$13,004,445$19,636,651
74$24,132,383$15,333,399$13,361,469$21,151,023
75$26,512,785$16,003,635$13,727,977$22,803,592
76$29,133,433$16,704,157$14,104,209$24,607,881
77$32,018,753$17,436,370$14,490,409$26,578,775
78$35,195,656$18,201,743$14,886,829$28,732,652
79$38,693,800$19,001,815$15,293,724$31,087,538
80$42,545,863$19,838,199$15,711,359$33,663,274
81$46,787,853$20,712,583$16,140,002$36,481,701
82$51,459,448$21,626,734$16,579,926$39,566,858
83$56,604,373$22,582,504$17,031,414$42,945,213
84$62,270,805$23,581,833$17,494,753$46,645,902
85$68,511,836$24,626,753$17,970,236$50,701,007
86$75,385,969$25,719,389$18,458,165$55,145,850
87$82,957,670$26,861,971$18,958,846$60,019,322
88$91,297,978$28,056,833$19,472,593$65,364,251
89$100,485,174$29,306,421$19,999,727$71,227,798
90$110,605,521$30,613,294$20,540,576$77,661,898
91$121,754,075$31,980,136$21,095,476$84,723,745
92$134,035,585$33,409,757$21,664,769$92,476,331
93$147,565,481$34,905,102$22,248,806$100,989,028
94$162,470,962$36,469,254$22,847,942$110,338,247
95$178,892,196$38,105,444$23,462,545$120,608,144
96$196,983,647$39,817,056$24,092,986$131,891,416
97$216,915,525$41,607,639$24,739,648$144,290,167
98$238,875,400$43,480,905$25,402,918$157,916,864
99$263,069,970$45,440,748$26,083,194$172,895,395
100$289,727,007$47,491,245$26,780,882$189,362,230