Can I retire at age 66 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$891,854$883,910$876,159$868,594$861,207$844,856
2 years$441,512$433,289$425,320$417,593$410,099$393,689
3 years$291,417$283,159$275,210$267,556$260,183$244,226
4 years$216,385$208,152$200,283$192,759$185,565$170,184
5 years$171,377$163,194$155,427$148,057$141,064$126,302
6 years$141,382$133,260$125,608$118,403$111,619$97,493
7 years$119,965$111,911$104,381$97,345$90,776$77,290
8 years$103,910$95,929$88,524$81,661$75,307$62,457
9 years$91,429$83,523$76,245$69,557$63,420$51,198
10 years$81,450$73,622$66,472$59,959$54,037$42,431
11 years$73,291$65,541$58,521$52,182$46,473$35,471
12 years$66,496$58,826$51,936$45,771$40,273$29,858
13 years$60,752$53,162$46,401$40,409$35,119$25,275
14 years$55,832$48,322$41,692$35,870$30,785$21,494
15 years$51,572$44,143$37,642$31,990$27,105$18,348
16 years$47,848$40,501$34,128$28,644$23,956$15,713
17 years$44,566$37,300$31,055$25,736$21,241$13,492
18 years$41,651$34,467$28,349$23,193$18,886$11,611
19 years$39,047$31,943$25,953$20,957$16,834$10,012
20 years$36,706$29,683$23,818$18,981$15,036$8,647
21 years$34,590$27,649$21,908$17,226$13,456$7,479
22 years$32,670$25,809$20,192$15,663$12,061$6,476
23 years$30,919$24,139$18,643$14,264$10,827$5,613
24 years$29,316$22,616$17,242$13,010$9,731$4,870
25 years$27,844$21,224$15,970$11,881$8,757$4,228
26 years$26,487$19,948$14,811$10,864$7,888$3,674
27 years$25,233$18,773$13,753$9,944$7,112$3,193
28 years$24,071$17,690$12,785$9,111$6,417$2,777
29 years$22,991$16,688$11,898$8,355$5,794$2,417
30 years$21,984$15,760$11,082$7,667$5,235$2,103
31 years$21,044$14,899$10,332$7,042$4,733$1,832
32 years$20,165$14,097$9,640$6,472$4,282$1,595
33 years$19,341$13,350$9,001$5,951$3,875$1,390
34 years$18,567$12,653$8,410$5,476$3,508$1,211
35 years$17,839$12,001$7,863$5,041$3,178$1,055
36 years$17,153$11,391$7,355$4,642$2,879$920
37 years$16,505$10,819$6,884$4,277$2,609$802
38 years$15,893$10,282$6,447$3,942$2,366$699
39 years$15,314$9,777$6,040$3,635$2,145$610
40 years$14,765$9,302$5,661$3,353$1,946$532
41 years$14,245$8,854$5,309$3,093$1,765$464
42 years$13,750$8,433$4,980$2,855$1,602$404
43 years$13,280$8,035$4,673$2,635$1,454$353
44 years$12,832$7,659$4,386$2,433$1,320$308
45 years$12,405$7,303$4,118$2,247$1,198$268
46 years$11,998$6,967$3,868$2,076$1,088$234
47 years$11,610$6,649$3,634$1,918$988$204
48 years$11,239$6,347$3,415$1,772$897$178
49 years$10,884$6,061$3,210$1,638$815$155
50 years$10,545$5,790$3,018$1,514$740$136

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $10,800,000, adding $5,222 every year, while hoping to spend $53,779 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: 55/21/24 Blend
65$10,800,000$10,800,000$10,800,000$10,800,000
66$11,906,986$11,334,586$11,167,186$12,483,229
67$13,064,279$11,832,761$11,484,067$13,377,665
68$14,337,812$12,353,543$11,809,760$14,345,196
69$15,739,387$12,897,985$12,144,505$15,397,794
70$17,282,005$13,467,186$12,488,546$16,543,643
71$18,979,991$14,062,300$12,842,134$17,791,741
72$20,849,131$14,684,534$13,205,527$19,151,987
73$22,906,819$15,335,153$13,578,989$20,635,266
74$25,172,221$16,015,481$13,962,791$22,253,555
75$27,666,453$16,726,906$14,357,210$24,020,028
76$30,412,787$17,470,880$14,762,533$25,949,179
77$33,436,865$18,248,926$15,179,051$28,056,959
78$36,766,941$19,062,639$15,607,064$30,360,918
79$40,434,149$19,913,689$16,046,881$32,880,372
80$44,472,797$20,803,824$16,498,817$35,636,577
81$48,920,690$21,734,879$16,963,195$38,652,932
82$53,819,485$22,708,774$17,440,347$41,955,191
83$59,215,087$23,727,518$17,930,613$45,571,704
84$65,158,081$24,793,221$18,434,343$49,533,681
85$71,704,205$25,908,090$18,951,894$53,875,483
86$78,914,885$27,074,437$19,483,633$58,634,937
87$86,857,805$28,294,685$20,029,936$63,853,696
88$95,607,551$29,571,375$20,591,189$69,577,622
89$105,246,314$30,907,165$21,167,787$75,857,214
90$115,864,664$32,304,843$21,760,134$82,748,082
91$127,562,408$33,767,328$22,368,647$90,311,465
92$140,449,528$35,297,682$22,993,751$98,614,803
93$154,647,220$36,899,108$23,635,882$107,732,368
94$170,289,040$38,574,968$24,295,487$117,745,959
95$187,522,161$40,328,781$24,973,025$128,745,668
96$206,508,766$42,164,235$25,668,966$140,830,721
97$227,427,573$44,085,195$26,383,789$154,110,413
98$250,475,528$46,095,713$27,117,989$168,705,127
99$275,869,661$48,200,031$27,872,070$184,747,464
100$303,849,132$50,402,599$28,646,550$202,383,490