Can I retire at age 66 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$900,112$892,094$884,272$876,637$869,181$861,180
2 years$445,600$437,301$429,258$421,460$413,896$405,834
3 years$294,116$285,781$277,758$270,033$262,593$254,720
4 years$218,389$210,079$202,137$194,544$187,283$179,661
5 years$172,964$164,705$156,867$149,428$142,370$135,020
6 years$142,691$134,494$126,772$119,499$112,652$105,585
7 years$121,076$112,948$105,348$98,247$91,616$84,834
8 years$104,872$96,817$89,343$82,417$76,005$69,507
9 years$92,275$84,297$76,951$70,201$64,007$57,792
10 years$82,204$74,303$67,088$60,514$54,537$48,601
11 years$73,969$66,148$59,063$52,665$46,904$41,242
12 years$67,112$59,371$52,417$46,194$40,646$35,253
13 years$61,314$53,654$46,831$40,783$35,444$30,314
14 years$56,349$48,770$42,078$36,202$31,070$26,196
15 years$52,049$44,552$37,991$32,286$27,356$22,731
16 years$48,291$40,876$34,444$28,909$24,178$19,794
17 years$44,978$37,645$31,343$25,974$21,438$17,287
18 years$42,037$34,786$28,612$23,408$19,061$15,137
19 years$39,408$32,239$26,193$21,151$16,990$13,283
20 years$37,046$29,958$24,039$19,156$15,176$11,678
21 years$34,911$27,905$22,111$17,386$13,580$10,284
22 years$32,972$26,048$20,379$15,808$12,173$9,069
23 years$31,205$24,362$18,816$14,396$10,927$8,008
24 years$29,588$22,826$17,402$13,130$9,822$7,079
25 years$28,102$21,421$16,117$11,991$8,838$6,263
26 years$26,733$20,132$14,948$10,964$7,961$5,546
27 years$25,467$18,947$13,881$10,036$7,177$4,915
28 years$24,294$17,853$12,904$9,195$6,476$4,358
29 years$23,203$16,843$12,008$8,432$5,848$3,867
30 years$22,188$15,906$11,185$7,738$5,284$3,433
31 years$21,239$15,037$10,428$7,107$4,777$3,049
32 years$20,352$14,228$9,729$6,532$4,321$2,709
33 years$19,520$13,474$9,084$6,006$3,911$2,407
34 years$18,739$12,770$8,488$5,526$3,541$2,140
35 years$18,004$12,112$7,935$5,087$3,207$1,903
36 years$17,312$11,496$7,423$4,685$2,906$1,693
37 years$16,658$10,919$6,948$4,317$2,634$1,506
38 years$16,041$10,377$6,507$3,979$2,388$1,340
39 years$15,456$9,867$6,096$3,669$2,165$1,193
40 years$14,902$9,388$5,714$3,384$1,964$1,062
41 years$14,376$8,936$5,358$3,122$1,782$945
42 years$13,877$8,511$5,026$2,881$1,617$842
43 years$13,403$8,109$4,716$2,660$1,467$750
44 years$12,951$7,730$4,427$2,456$1,332$668
45 years$12,520$7,371$4,157$2,268$1,209$595
46 years$12,110$7,032$3,904$2,095$1,098$530
47 years$11,718$6,710$3,668$1,936$997$472
48 years$11,343$6,406$3,447$1,789$905$420
49 years$10,985$6,117$3,240$1,653$822$374
50 years$10,642$5,843$3,046$1,528$747$334

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $10,900,000, adding $2,768 every year, while hoping to spend $36,805 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: 60/14/26 Blend
65$10,900,000$10,900,000$10,900,000$10,900,000
66$12,014,655$11,436,955$11,268,005$12,651,328
67$13,200,990$11,958,206$11,606,323$13,606,418
68$14,507,097$12,503,764$11,954,741$14,643,855
69$15,945,155$13,074,782$12,313,559$15,775,074
70$17,528,582$13,672,468$12,683,084$17,009,208
71$19,272,165$14,298,086$13,063,635$18,356,305
72$21,192,196$14,952,964$13,455,538$19,827,421
73$23,306,631$15,638,489$13,859,129$21,434,721
74$25,635,252$16,356,120$14,274,755$23,191,593
75$28,199,860$17,107,382$14,702,771$25,112,772
76$31,024,477$17,893,875$15,143,545$27,214,475
77$34,135,574$18,717,275$15,597,454$29,514,552
78$37,562,321$19,579,340$16,064,887$32,032,653
79$41,336,861$20,481,911$16,546,244$34,790,409
80$45,494,614$21,426,918$17,041,937$37,811,634
81$50,074,612$22,416,385$17,552,389$41,122,547
82$55,119,866$23,452,431$18,078,038$44,752,016
83$60,677,771$24,537,279$18,619,331$48,731,825
84$66,800,557$25,673,259$19,176,731$53,096,976
85$73,545,776$26,862,811$19,750,715$57,886,008
86$80,976,853$28,108,496$20,341,771$63,141,365
87$89,163,675$29,412,996$20,950,404$68,909,788
88$98,183,260$30,779,122$21,577,132$75,242,751
89$108,120,476$32,209,823$22,222,490$82,196,947
90$119,068,848$33,708,188$22,887,026$89,834,815
91$131,131,436$35,277,455$23,571,308$98,225,127
92$144,421,812$36,921,019$24,275,916$107,443,632
93$159,065,128$38,642,440$25,001,450$117,573,764
94$175,199,299$40,445,448$25,748,526$128,707,427
95$192,976,305$42,333,953$26,517,780$140,945,854
96$212,563,627$44,312,055$27,309,864$154,400,562
97$234,145,823$46,384,051$28,125,450$169,194,393
98$257,926,275$48,554,448$28,965,231$185,462,670
99$284,129,108$50,827,969$29,829,919$203,354,469
100$313,001,301$53,209,563$30,720,245$223,034,020