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%13.9%
1 years$891,854$883,910$876,159$868,594$861,207$847,289
2 years$441,512$433,289$425,320$417,593$410,099$396,114
3 years$291,417$283,159$275,210$267,556$260,183$246,569
4 years$216,385$208,152$200,283$192,759$185,565$172,425
5 years$171,377$163,194$155,427$148,057$141,064$128,435
6 years$141,382$133,260$125,608$118,403$111,619$99,517
7 years$119,965$111,911$104,381$97,345$90,776$79,205
8 years$103,910$95,929$88,524$81,661$75,307$64,265
9 years$91,429$83,523$76,245$69,557$63,420$52,899
10 years$81,450$73,622$66,472$59,959$54,037$44,030
11 years$73,291$65,541$58,521$52,182$46,473$36,970
12 years$66,496$58,826$51,936$45,771$40,273$31,261
13 years$60,752$53,162$46,401$40,409$35,119$26,585
14 years$55,832$48,322$41,692$35,870$30,785$22,715
15 years$51,572$44,143$37,642$31,990$27,105$19,484
16 years$47,848$40,501$34,128$28,644$23,956$16,768
17 years$44,566$37,300$31,055$25,736$21,241$14,470
18 years$41,651$34,467$28,349$23,193$18,886$12,516
19 years$39,047$31,943$25,953$20,957$16,834$10,848
20 years$36,706$29,683$23,818$18,981$15,036$9,419
21 years$34,590$27,649$21,908$17,226$13,456$8,189
22 years$32,670$25,809$20,192$15,663$12,061$7,129
23 years$30,919$24,139$18,643$14,264$10,827$6,213
24 years$29,316$22,616$17,242$13,010$9,731$5,420
25 years$27,844$21,224$15,970$11,881$8,757$4,732
26 years$26,487$19,948$14,811$10,864$7,888$4,134
27 years$25,233$18,773$13,753$9,944$7,112$3,614
28 years$24,071$17,690$12,785$9,111$6,417$3,161
29 years$22,991$16,688$11,898$8,355$5,794$2,767
30 years$21,984$15,760$11,082$7,667$5,235$2,422
31 years$21,044$14,899$10,332$7,042$4,733$2,121
32 years$20,165$14,097$9,640$6,472$4,282$1,858
33 years$19,341$13,350$9,001$5,951$3,875$1,628
34 years$18,567$12,653$8,410$5,476$3,508$1,427
35 years$17,839$12,001$7,863$5,041$3,178$1,251
36 years$17,153$11,391$7,355$4,642$2,879$1,097
37 years$16,505$10,819$6,884$4,277$2,609$962
38 years$15,893$10,282$6,447$3,942$2,366$844
39 years$15,314$9,777$6,040$3,635$2,145$740
40 years$14,765$9,302$5,661$3,353$1,946$649
41 years$14,245$8,854$5,309$3,093$1,765$570
42 years$13,750$8,433$4,980$2,855$1,602$500
43 years$13,280$8,035$4,673$2,635$1,454$439
44 years$12,832$7,659$4,386$2,433$1,320$385
45 years$12,405$7,303$4,118$2,247$1,198$338
46 years$11,998$6,967$3,868$2,076$1,088$297
47 years$11,610$6,649$3,634$1,918$988$260
48 years$11,239$6,347$3,415$1,772$897$228
49 years$10,884$6,061$3,210$1,638$815$201
50 years$10,545$5,790$3,018$1,514$740$176

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 $5,888 every year, while hoping to spend $31,992 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: 54/24/22 Blend
65$10,800,000$10,800,000$10,800,000$10,800,000
66$11,907,673$11,335,273$11,167,873$12,478,575
67$13,088,217$11,856,663$11,507,958$13,392,660
68$14,388,104$12,402,528$11,858,363$14,383,375
69$15,819,473$12,974,034$12,219,401$15,461,207
70$17,395,701$13,572,403$12,591,392$16,634,499
71$19,131,527$14,198,916$12,974,669$17,912,418
72$21,043,194$14,854,914$13,369,571$19,305,046
73$23,148,598$15,541,804$13,776,451$20,823,467
74$25,467,463$16,261,059$14,195,669$22,479,870
75$28,021,519$17,014,226$14,627,599$24,287,662
76$30,834,715$17,802,924$15,072,625$26,261,589
77$33,933,439$18,628,851$15,531,142$28,417,871
78$37,346,772$19,493,786$16,003,556$30,774,354
79$41,106,756$20,399,595$16,490,289$33,350,672
80$45,248,702$21,348,233$16,991,771$36,168,428
81$49,811,523$22,341,749$17,508,448$39,251,395
82$54,838,096$23,382,292$18,040,779$42,625,734
83$60,375,672$24,472,115$18,589,235$46,320,238
84$66,476,319$25,613,578$19,154,303$50,366,596
85$73,197,416$26,809,156$19,736,485$54,799,691
86$80,602,191$28,061,443$20,336,296$59,657,918
87$88,760,321$29,373,159$20,954,267$64,983,547
88$97,748,585$30,747,156$21,590,947$70,823,111
89$107,651,596$32,186,422$22,246,899$77,227,841
90$118,562,593$33,694,091$22,922,705$84,254,143
91$130,584,323$35,273,447$23,618,961$91,964,123
92$143,830,013$36,927,935$24,336,285$100,426,167
93$158,424,435$38,661,164$25,075,311$109,715,579
94$174,505,086$40,476,920$25,836,693$119,915,281
95$192,223,487$42,379,171$26,621,104$131,116,593
96$211,746,609$44,372,077$27,429,237$143,420,081
97$233,258,454$46,459,999$28,261,808$156,936,503
98$256,961,789$48,647,511$29,119,550$171,787,838
99$283,080,059$50,939,407$30,003,223$188,108,434
100$311,859,500$53,340,713$30,913,606$206,046,265