Can I retire at age 66 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$883,596$875,725$868,047$860,552$853,233$832,606
2 years$437,424$429,277$421,382$413,727$406,301$385,644
3 years$288,719$280,537$272,662$265,079$257,774$237,733
4 years$214,381$206,225$198,428$190,974$183,847$164,575
5 years$169,790$161,683$153,988$146,687$139,757$121,308
6 years$140,073$132,026$124,445$117,306$110,585$92,978
7 years$118,854$110,875$103,415$96,444$89,935$73,173
8 years$102,948$95,041$87,704$80,905$74,610$58,684
9 years$90,582$82,750$75,539$68,913$62,833$47,731
10 years$80,696$72,940$65,857$59,403$53,536$39,242
11 years$72,612$64,934$57,979$51,699$46,043$32,535
12 years$65,881$58,281$51,455$45,347$39,900$27,156
13 years$60,189$52,669$45,972$40,034$34,794$22,789
14 years$55,315$47,875$41,306$35,538$30,500$19,209
15 years$51,094$43,735$37,294$31,694$26,854$16,251
16 years$47,405$40,126$33,812$28,378$23,734$13,789
17 years$44,153$36,954$30,768$25,498$21,044$11,730
18 years$41,266$34,147$28,087$22,979$18,712$9,999
19 years$38,685$31,648$25,712$20,763$16,678$8,539
20 years$36,366$29,408$23,597$18,805$14,897$7,303
21 years$34,270$27,393$21,705$17,067$13,331$6,254
22 years$32,367$25,570$20,005$15,518$11,950$5,361
23 years$30,633$23,915$18,471$14,132$10,727$4,600
24 years$29,045$22,407$17,082$12,889$9,641$3,950
25 years$27,586$21,028$15,822$11,771$8,676$3,394
26 years$26,242$19,763$14,674$10,763$7,815$2,918
27 years$25,000$18,599$13,626$9,852$7,046$2,510
28 years$23,848$17,526$12,667$9,026$6,357$2,160
29 years$22,778$16,534$11,788$8,277$5,741$1,860
30 years$21,781$15,614$10,980$7,596$5,187$1,602
31 years$20,850$14,761$10,236$6,977$4,690$1,380
32 years$19,979$13,967$9,551$6,412$4,242$1,189
33 years$19,162$13,227$8,917$5,896$3,839$1,024
34 years$18,395$12,536$8,332$5,425$3,476$883
35 years$17,674$11,890$7,790$4,994$3,148$761
36 years$16,994$11,285$7,287$4,599$2,852$656
37 years$16,353$10,718$6,821$4,238$2,585$566
38 years$15,746$10,186$6,387$3,906$2,344$488
39 years$15,172$9,686$5,984$3,602$2,125$421
40 years$14,629$9,216$5,609$3,322$1,928$363
41 years$14,113$8,772$5,259$3,065$1,749$313
42 years$13,623$8,355$4,933$2,828$1,587$270
43 years$13,157$7,960$4,629$2,611$1,440$233
44 years$12,713$7,588$4,345$2,411$1,307$201
45 years$12,290$7,236$4,080$2,226$1,187$173
46 years$11,887$6,903$3,832$2,057$1,078$149
47 years$11,503$6,587$3,600$1,900$979$129
48 years$11,135$6,288$3,383$1,756$889$111
49 years$10,783$6,005$3,180$1,623$807$96
50 years$10,447$5,736$2,990$1,500$733$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $10,700,000, adding $3,741 every year, while hoping to spend $24,844 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: 77/14/9 Blend
65$10,700,000$10,700,000$10,700,000$10,700,000
66$11,795,259$11,228,159$11,062,309$12,686,336
67$12,971,941$11,751,905$11,406,462$13,796,405
68$14,267,813$12,300,482$11,761,312$15,009,648
69$15,695,004$12,875,080$12,127,191$16,339,171
70$17,266,884$13,476,947$12,504,441$17,796,531
71$18,998,181$14,107,393$12,893,414$19,394,455
72$20,905,127$14,767,787$13,294,476$21,146,949
73$23,005,610$15,459,568$13,708,000$23,069,437
74$25,319,339$16,184,244$14,134,375$25,178,903
75$27,868,034$16,943,394$14,573,999$27,494,044
76$30,675,629$17,738,676$15,027,283$30,035,452
77$33,768,497$18,571,825$15,494,652$32,825,801
78$37,175,703$19,444,664$15,976,541$35,890,059
79$40,929,272$20,359,100$16,473,403$39,255,727
80$45,064,498$21,317,136$16,985,702$42,953,086
81$49,620,270$22,320,869$17,513,917$47,015,491
82$54,639,445$23,372,500$18,058,541$51,479,677
83$60,169,251$24,474,334$18,620,084$56,386,103
84$66,261,729$25,628,791$19,199,072$61,779,333
85$72,974,229$26,838,406$19,796,044$67,708,454
86$80,369,949$28,105,836$20,411,560$74,227,534
87$88,518,532$29,433,870$21,046,195$81,396,131
88$97,496,721$30,825,429$21,700,542$89,279,849
89$107,389,089$32,283,577$22,375,212$97,950,958
90$118,288,831$33,811,527$23,070,837$107,489,069
91$130,298,648$35,412,648$23,788,066$117,981,883
92$143,531,712$37,090,470$24,527,569$129,526,012
93$158,112,742$38,848,698$25,290,037$142,227,893
94$174,179,171$40,691,214$26,076,183$156,204,781
95$191,882,453$42,622,090$26,886,741$171,585,857
96$211,389,485$44,645,594$27,722,469$188,513,436
97$232,884,187$46,766,203$28,584,146$207,144,313
98$256,569,238$48,988,610$29,472,579$227,651,233
99$282,667,986$51,317,738$30,388,596$250,224,517
100$311,426,561$53,758,747$31,333,054$275,073,851