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%14.5%
1 years$891,854$883,910$876,159$868,594$861,207$845,202
2 years$441,512$433,289$425,320$417,593$410,099$394,034
3 years$291,417$283,159$275,210$267,556$260,183$244,559
4 years$216,385$208,152$200,283$192,759$185,565$170,502
5 years$171,377$163,194$155,427$148,057$141,064$126,604
6 years$141,382$133,260$125,608$118,403$111,619$97,780
7 years$119,965$111,911$104,381$97,345$90,776$77,561
8 years$103,910$95,929$88,524$81,661$75,307$62,712
9 years$91,429$83,523$76,245$69,557$63,420$51,437
10 years$81,450$73,622$66,472$59,959$54,037$42,656
11 years$73,291$65,541$58,521$52,182$46,473$35,682
12 years$66,496$58,826$51,936$45,771$40,273$30,055
13 years$60,752$53,162$46,401$40,409$35,119$25,458
14 years$55,832$48,322$41,692$35,870$30,785$21,664
15 years$51,572$44,143$37,642$31,990$27,105$18,506
16 years$47,848$40,501$34,128$28,644$23,956$15,860
17 years$44,566$37,300$31,055$25,736$21,241$13,628
18 years$41,651$34,467$28,349$23,193$18,886$11,737
19 years$39,047$31,943$25,953$20,957$16,834$10,128
20 years$36,706$29,683$23,818$18,981$15,036$8,753
21 years$34,590$27,649$21,908$17,226$13,456$7,576
22 years$32,670$25,809$20,192$15,663$12,061$6,566
23 years$30,919$24,139$18,643$14,264$10,827$5,695
24 years$29,316$22,616$17,242$13,010$9,731$4,945
25 years$27,844$21,224$15,970$11,881$8,757$4,297
26 years$26,487$19,948$14,811$10,864$7,888$3,736
27 years$25,233$18,773$13,753$9,944$7,112$3,250
28 years$24,071$17,690$12,785$9,111$6,417$2,829
29 years$22,991$16,688$11,898$8,355$5,794$2,464
30 years$21,984$15,760$11,082$7,667$5,235$2,146
31 years$21,044$14,899$10,332$7,042$4,733$1,870
32 years$20,165$14,097$9,640$6,472$4,282$1,630
33 years$19,341$13,350$9,001$5,951$3,875$1,422
34 years$18,567$12,653$8,410$5,476$3,508$1,240
35 years$17,839$12,001$7,863$5,041$3,178$1,081
36 years$17,153$11,391$7,355$4,642$2,879$943
37 years$16,505$10,819$6,884$4,277$2,609$823
38 years$15,893$10,282$6,447$3,942$2,366$718
39 years$15,314$9,777$6,040$3,635$2,145$627
40 years$14,765$9,302$5,661$3,353$1,946$547
41 years$14,245$8,854$5,309$3,093$1,765$478
42 years$13,750$8,433$4,980$2,855$1,602$417
43 years$13,280$8,035$4,673$2,635$1,454$364
44 years$12,832$7,659$4,386$2,433$1,320$318
45 years$12,405$7,303$4,118$2,247$1,198$277
46 years$11,998$6,967$3,868$2,076$1,088$242
47 years$11,610$6,649$3,634$1,918$988$211
48 years$11,239$6,347$3,415$1,772$897$185
49 years$10,884$6,061$3,210$1,638$815$161
50 years$10,545$5,790$3,018$1,514$740$141

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 $6,777 every year, while hoping to spend $35,777 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: 50/23/27 Blend
65$10,800,000$10,800,000$10,800,000$10,800,000
66$11,908,590$11,336,190$11,168,790$12,412,813
67$13,085,200$11,853,597$11,504,879$13,282,956
68$14,380,625$12,395,158$11,851,026$14,224,074
69$15,806,946$12,962,018$12,207,533$15,246,313
70$17,377,477$13,555,379$12,574,708$16,357,385
71$19,106,885$14,176,498$12,952,866$17,565,763
72$21,011,336$14,826,695$13,342,335$18,880,765
73$23,108,640$15,507,351$13,743,452$20,312,631
74$25,418,425$16,219,915$14,156,561$21,872,622
75$27,962,318$16,965,905$14,582,020$23,573,120
76$30,764,152$17,746,911$15,020,194$25,427,744
77$33,850,187$18,564,602$15,471,463$27,451,471
78$37,249,363$19,420,724$15,936,214$29,660,776
79$40,993,569$20,317,110$16,414,847$32,073,785
80$45,117,943$21,255,679$16,907,775$34,710,437
81$49,661,209$22,238,443$17,415,421$37,592,672
82$54,666,037$23,267,512$17,938,223$40,744,633
83$60,179,449$24,345,095$18,476,629$44,192,887
84$66,253,259$25,473,511$19,031,102$47,966,673
85$72,944,565$26,655,187$19,602,118$52,098,170
86$80,316,290$27,892,671$20,190,168$56,622,800
87$88,437,769$29,188,629$20,795,756$61,579,551
88$97,385,409$30,545,859$21,419,401$67,011,344
89$107,243,408$31,967,294$22,061,639$72,965,428
90$118,104,551$33,456,007$22,723,020$79,493,824
91$130,071,084$35,015,220$23,404,109$86,653,804
92$143,255,679$36,648,310$24,105,491$94,508,428
93$157,782,499$38,358,817$24,827,765$103,127,133
94$173,788,368$40,150,454$25,571,551$112,586,376
95$191,424,067$42,027,111$26,337,482$122,970,354
96$210,855,749$43,992,867$27,126,215$134,371,784
97$232,266,514$46,051,997$27,938,423$146,892,775
98$255,858,138$48,208,984$28,774,799$160,645,780
99$281,852,971$50,468,527$29,636,058$175,754,646
100$310,496,042$52,835,553$30,522,934$192,355,780