Can I retire at age 66 with 13,200,000?

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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,020,528
2 years$539,626$529,576$519,835$510,392$501,232$469,208
3 years$356,177$346,083$336,368$327,013$318,002$287,018
4 years$264,470$254,408$244,790$235,594$226,802$197,094
5 years$209,461$199,459$189,967$180,959$172,411$144,061
6 years$172,800$162,873$153,521$144,714$136,423$109,455
7 years$146,624$136,781$127,577$118,978$110,948$85,362
8 years$127,001$117,246$108,195$99,807$92,042$67,820
9 years$111,746$102,084$93,189$85,014$77,513$54,630
10 years$99,550$89,982$81,244$73,283$66,045$44,467
11 years$89,578$80,106$71,526$63,778$56,801$36,491
12 years$81,273$71,899$63,477$55,942$49,222$30,139
13 years$74,252$64,975$56,713$49,388$42,923$25,022
14 years$68,239$59,061$50,957$43,841$37,626$20,860
15 years$63,032$53,953$46,007$39,099$33,129$17,449
16 years$58,481$49,501$41,712$35,009$29,279$14,638
17 years$54,469$45,589$37,956$31,455$25,961$12,307
18 years$50,907$42,126$34,649$28,347$23,083$10,368
19 years$47,724$39,042$31,720$25,614$20,575$8,748
20 years$44,863$36,280$29,111$23,199$18,378$7,391
21 years$42,277$33,793$26,776$21,054$16,446$6,252
22 years$39,930$31,544$24,679$19,143$14,742$5,293
23 years$37,790$29,503$22,786$17,434$13,233$4,485
24 years$35,831$27,642$21,073$15,901$11,894$3,803
25 years$34,032$25,941$19,518$14,522$10,703$3,226
26 years$32,373$24,380$18,102$13,278$9,641$2,738
27 years$30,841$22,945$16,809$12,153$8,692$2,325
28 years$29,420$21,621$15,627$11,135$7,843$1,975
29 years$28,100$20,397$14,542$10,211$7,082$1,678
30 years$26,869$19,262$13,545$9,371$6,399$1,426
31 years$25,721$18,209$12,628$8,607$5,785$1,212
32 years$24,647$17,230$11,782$7,910$5,233$1,031
33 years$23,639$16,317$11,001$7,274$4,736$876
34 years$22,693$15,465$10,279$6,693$4,288$745
35 years$21,803$14,668$9,610$6,161$3,884$634
36 years$20,965$13,922$8,990$5,674$3,519$539
37 years$20,173$13,223$8,414$5,228$3,189$459
38 years$19,425$12,566$7,880$4,819$2,891$390
39 years$18,717$11,949$7,382$4,443$2,622$332
40 years$18,046$11,369$6,919$4,098$2,378$283
41 years$17,410$10,822$6,488$3,781$2,158$240
42 years$16,806$10,307$6,086$3,489$1,958$205
43 years$16,231$9,820$5,711$3,221$1,777$174
44 years$15,683$9,361$5,361$2,974$1,613$148
45 years$15,162$8,926$5,034$2,747$1,464$126
46 years$14,665$8,515$4,728$2,537$1,329$107
47 years$14,190$8,126$4,442$2,344$1,207$91
48 years$13,737$7,757$4,174$2,166$1,096$78
49 years$13,303$7,408$3,923$2,002$996$66
50 years$12,888$7,076$3,688$1,850$904$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $13,200,000, adding $3,539 every year, while hoping to spend $46,119 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: 40/31/29 Blend
65$13,200,000$13,200,000$13,200,000$13,200,000
66$14,550,050$13,850,450$13,645,850$15,007,316
67$15,985,085$14,480,052$14,053,916$15,970,387
68$17,564,948$15,138,959$14,474,106$17,007,100
69$19,304,362$15,828,557$14,906,779$18,127,867
70$21,219,552$16,550,302$15,352,301$19,340,425
71$23,328,395$17,305,715$15,811,051$20,653,261
72$25,650,590$18,096,394$16,283,420$22,075,697
73$28,207,844$18,924,011$16,769,809$23,617,964
74$31,024,076$19,790,319$17,270,629$25,291,299
75$34,125,643$20,697,156$17,786,306$27,108,047
76$37,541,589$21,646,447$18,317,278$29,081,766
77$41,303,918$22,640,210$18,863,994$31,227,356
78$45,447,897$23,680,560$19,426,917$33,561,188
79$50,012,388$24,769,712$20,006,524$36,101,256
80$55,040,214$25,909,991$20,603,305$38,867,341
81$60,578,565$27,103,829$21,217,764$41,881,185
82$66,679,441$28,353,780$21,850,423$45,166,697
83$73,400,146$29,662,517$22,501,813$48,750,165
84$80,803,824$31,032,843$23,172,487$52,660,500
85$88,960,058$32,467,696$23,863,009$56,929,500
86$97,945,526$33,970,156$24,573,963$61,592,140
87$107,844,726$35,543,450$25,305,947$66,686,897
88$118,750,771$37,190,961$26,059,578$72,256,099
89$130,766,267$38,916,235$26,835,491$78,346,319
90$144,004,285$40,722,990$27,634,340$85,008,804
91$158,589,427$42,615,122$28,456,795$92,299,946
92$174,659,000$44,596,714$29,303,548$100,281,806
93$192,364,312$46,672,047$30,175,312$109,022,687
94$211,872,105$48,845,610$31,072,818$118,597,766
95$233,366,121$51,122,107$31,996,819$129,089,794
96$257,048,844$53,506,468$32,948,090$140,589,861
97$283,143,405$56,003,864$33,927,430$153,198,244
98$311,895,691$58,619,713$34,935,658$167,025,338
99$343,576,668$61,359,695$35,973,619$182,192,686
100$378,484,935$64,229,766$37,042,182$198,834,107