Can I retire at age 66 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$875,338$867,541$859,934$852,509$845,259$822,823
2 years$433,336$425,265$417,444$409,860$402,504$380,057
3 years$286,021$277,916$270,114$262,601$255,365$233,609
4 years$212,378$204,297$196,574$189,189$182,129$161,231
5 years$168,204$160,172$152,549$145,316$138,451$118,469
6 years$138,764$130,792$123,282$116,210$109,552$90,505
7 years$117,743$109,839$102,448$95,543$89,095$70,985
8 years$101,985$94,152$86,884$80,148$73,913$56,730
9 years$89,736$81,977$74,833$68,269$62,245$45,975
10 years$79,942$72,258$65,241$58,848$53,036$37,657
11 years$71,933$64,327$57,438$51,216$45,613$31,102
12 years$65,265$57,737$50,974$44,923$39,527$25,858
13 years$59,627$52,177$45,542$39,660$34,468$21,613
14 years$54,798$47,428$40,920$35,206$30,215$18,143
15 years$50,617$43,326$36,945$31,398$26,603$15,284
16 years$46,962$39,751$33,496$28,113$23,512$12,913
17 years$43,741$36,609$30,480$25,259$20,848$10,937
18 years$40,880$33,828$27,824$22,764$18,537$9,282
19 years$38,324$31,352$25,472$20,569$16,522$7,891
20 years$36,026$29,134$23,377$18,629$14,758$6,718
21 years$33,950$27,137$21,502$16,907$13,207$5,726
22 years$32,065$25,331$19,818$15,373$11,838$4,886
23 years$30,346$23,692$18,298$14,000$10,626$4,173
24 years$28,773$22,198$16,923$12,769$9,551$3,566
25 years$27,328$20,831$15,674$11,661$8,595$3,050
26 years$25,997$19,578$14,537$10,662$7,742$2,610
27 years$24,766$18,425$13,499$9,760$6,980$2,234
28 years$23,625$17,362$12,549$8,942$6,298$1,913
29 years$22,565$16,379$11,678$8,200$5,687$1,639
30 years$21,577$15,468$10,877$7,525$5,139$1,404
31 years$20,655$14,623$10,141$6,912$4,646$1,204
32 years$19,792$13,836$9,461$6,352$4,202$1,032
33 years$18,983$13,103$8,834$5,841$3,803$885
34 years$18,223$12,419$8,254$5,374$3,443$759
35 years$17,509$11,779$7,717$4,947$3,119$651
36 years$16,835$11,180$7,219$4,556$2,826$558
37 years$16,200$10,618$6,757$4,198$2,561$479
38 years$15,599$10,091$6,328$3,869$2,322$411
39 years$15,031$9,596$5,928$3,568$2,106$353
40 years$14,492$9,130$5,556$3,291$1,910$302
41 years$13,981$8,690$5,210$3,036$1,733$260
42 years$13,495$8,277$4,887$2,802$1,572$223
43 years$13,034$7,886$4,586$2,587$1,427$191
44 years$12,594$7,517$4,305$2,388$1,295$164
45 years$12,176$7,168$4,042$2,206$1,176$141
46 years$11,776$6,838$3,796$2,037$1,068$121
47 years$11,395$6,526$3,567$1,882$969$104
48 years$11,031$6,230$3,352$1,739$880$89
49 years$10,683$5,949$3,150$1,607$800$76
50 years$10,349$5,683$2,962$1,486$726$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $10,600,000, adding $3,747 every year, while hoping to spend $43,485 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: 80/11/9 Blend
65$10,600,000$10,600,000$10,600,000$10,600,000
66$11,685,065$11,123,265$10,958,965$12,604,067
67$12,830,674$11,622,037$11,279,823$13,705,946
68$14,091,678$12,143,792$11,609,972$14,908,692
69$15,479,800$12,689,609$11,949,677$16,227,176
70$17,007,961$13,260,621$12,299,212$17,672,943
71$18,690,394$13,858,013$12,658,857$19,258,705
72$20,542,785$14,483,027$13,028,900$20,998,462
73$22,582,419$15,136,964$13,409,638$22,907,628
74$24,828,340$15,821,190$13,801,375$25,003,180
75$27,301,533$16,537,131$14,204,424$27,303,813
76$30,025,125$17,286,286$14,619,107$29,830,116
77$33,024,597$18,070,222$15,045,756$32,604,767
78$36,328,027$18,890,584$15,484,710$35,652,740
79$39,966,356$19,749,094$15,936,319$39,001,547
80$43,973,682$20,647,557$16,400,942$42,681,485
81$48,387,573$21,587,862$16,878,949$46,725,931
82$53,249,431$22,571,993$17,370,720$51,171,649
83$58,604,877$23,602,026$17,876,644$56,059,134
84$64,504,186$24,680,136$18,397,122$61,432,995
85$71,002,755$25,808,605$18,932,568$67,342,374
86$78,161,630$26,989,821$19,483,403$73,841,404
87$86,048,084$28,226,290$20,050,065$80,989,723
88$94,736,246$29,520,635$20,633,000$88,853,027
89$104,307,805$30,875,609$21,232,667$97,503,693
90$114,852,780$32,294,092$21,849,540$107,021,460
91$126,470,368$33,779,107$22,484,104$117,494,173
92$139,269,882$35,333,820$23,136,858$129,018,615
93$153,371,782$36,961,549$23,808,315$141,701,413
94$168,908,811$38,665,772$24,499,001$155,660,047
95$186,027,250$40,450,135$25,209,458$171,023,947
96$204,888,297$42,318,459$25,940,242$187,935,718
97$225,669,588$44,274,748$26,691,924$206,552,480
98$248,566,875$46,323,200$27,465,093$227,047,348
99$273,795,874$48,468,214$28,260,351$249,611,061
100$301,594,298$50,714,402$29,078,318$274,453,777