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%12.5%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,041,594
2 years$539,626$529,576$519,835$510,392$501,232$490,162
3 years$356,177$346,083$336,368$327,013$318,002$307,198
4 years$264,470$254,408$244,790$235,594$226,802$216,347
5 years$209,461$199,459$189,967$180,959$172,411$162,337
6 years$172,800$162,873$153,521$144,714$136,423$126,741
7 years$146,624$136,781$127,577$118,978$110,948$101,663
8 years$127,001$117,246$108,195$99,807$92,042$83,153
9 years$111,746$102,084$93,189$85,014$77,513$69,016
10 years$99,550$89,982$81,244$73,283$66,045$57,935
11 years$89,578$80,106$71,526$63,778$56,801$49,072
12 years$81,273$71,899$63,477$55,942$49,222$41,866
13 years$74,252$64,975$56,713$49,388$42,923$35,931
14 years$68,239$59,061$50,957$43,841$37,626$30,988
15 years$63,032$53,953$46,007$39,099$33,129$26,835
16 years$58,481$49,501$41,712$35,009$29,279$23,320
17 years$54,469$45,589$37,956$31,455$25,961$20,324
18 years$50,907$42,126$34,649$28,347$23,083$17,758
19 years$47,724$39,042$31,720$25,614$20,575$15,549
20 years$44,863$36,280$29,111$23,199$18,378$13,640
21 years$42,277$33,793$26,776$21,054$16,446$11,985
22 years$39,930$31,544$24,679$19,143$14,742$10,546
23 years$37,790$29,503$22,786$17,434$13,233$9,290
24 years$35,831$27,642$21,073$15,901$11,894$8,193
25 years$34,032$25,941$19,518$14,522$10,703$7,232
26 years$32,373$24,380$18,102$13,278$9,641$6,389
27 years$30,841$22,945$16,809$12,153$8,692$5,649
28 years$29,420$21,621$15,627$11,135$7,843$4,997
29 years$28,100$20,397$14,542$10,211$7,082$4,423
30 years$26,869$19,262$13,545$9,371$6,399$3,917
31 years$25,721$18,209$12,628$8,607$5,785$3,470
32 years$24,647$17,230$11,782$7,910$5,233$3,075
33 years$23,639$16,317$11,001$7,274$4,736$2,726
34 years$22,693$15,465$10,279$6,693$4,288$2,418
35 years$21,803$14,668$9,610$6,161$3,884$2,145
36 years$20,965$13,922$8,990$5,674$3,519$1,903
37 years$20,173$13,223$8,414$5,228$3,189$1,689
38 years$19,425$12,566$7,880$4,819$2,891$1,499
39 years$18,717$11,949$7,382$4,443$2,622$1,331
40 years$18,046$11,369$6,919$4,098$2,378$1,181
41 years$17,410$10,822$6,488$3,781$2,158$1,049
42 years$16,806$10,307$6,086$3,489$1,958$932
43 years$16,231$9,820$5,711$3,221$1,777$828
44 years$15,683$9,361$5,361$2,974$1,613$735
45 years$15,162$8,926$5,034$2,747$1,464$653
46 years$14,665$8,515$4,728$2,537$1,329$580
47 years$14,190$8,126$4,442$2,344$1,207$515
48 years$13,737$7,757$4,174$2,166$1,096$458
49 years$13,303$7,408$3,923$2,002$996$407
50 years$12,888$7,076$3,688$1,850$904$362

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 $4,530 every year, while hoping to spend $44,012 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: 47/46/7 Blend
65$13,200,000$13,200,000$13,200,000$13,200,000
66$14,551,073$13,851,473$13,646,873$15,207,415
67$15,988,454$14,483,366$14,057,215$16,290,243
68$17,570,972$15,144,748$14,479,828$17,459,717
69$19,313,387$15,837,015$14,915,077$18,727,829
70$21,231,957$16,561,635$15,363,337$20,103,735
71$23,344,604$17,320,141$15,824,996$21,597,485
72$25,671,070$18,114,145$16,300,450$23,220,112
73$28,233,113$18,945,332$16,790,109$24,983,727
74$31,054,708$19,815,470$17,294,395$26,901,632
75$34,162,272$20,726,413$17,813,741$28,988,436
76$37,584,918$21,680,101$18,348,596$31,260,186
77$41,354,724$22,678,570$18,899,418$33,734,511
78$45,507,038$23,723,953$19,466,681$36,430,785
79$50,080,814$24,818,484$20,050,872$39,370,296
80$55,118,974$25,964,507$20,652,494$42,576,443
81$60,668,819$27,164,478$21,272,062$46,074,947
82$66,782,472$28,420,970$21,910,109$49,894,085
83$73,517,368$29,736,681$22,567,182$54,064,948
84$80,936,800$31,114,440$23,243,843$58,621,722
85$89,110,516$32,557,209$23,940,674$63,602,004
86$98,115,372$34,068,096$24,658,270$69,047,145
87$108,036,065$35,650,358$25,397,247$75,002,628
88$118,965,926$37,307,408$26,158,237$81,518,487
89$131,007,803$39,042,823$26,941,891$88,649,763
90$144,275,033$40,860,356$27,748,878$96,457,019
91$158,892,510$42,763,937$28,579,890$105,006,888
92$174,997,865$44,757,689$29,435,635$114,372,696
93$192,742,763$46,845,932$30,316,845$124,635,133
94$212,294,337$49,033,195$31,224,271$135,883,005
95$233,836,764$51,324,225$32,158,688$148,214,052
96$257,573,003$53,724,001$33,120,893$161,735,855
97$283,726,712$56,237,740$34,111,706$176,566,831
98$312,544,359$58,870,912$35,131,971$192,837,337
99$344,297,548$61,629,251$36,182,556$210,690,879
100$379,285,583$64,518,770$37,264,357$230,285,442