Can I retire at age 66 with 13,300,000?

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 $13,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,018,482
2 years$543,714$533,587$523,774$514,258$505,029$463,157
3 years$358,875$348,705$338,916$329,490$320,411$280,064
4 years$266,474$256,335$246,644$237,379$228,520$190,005
5 years$211,048$200,970$191,406$182,330$173,717$137,133
6 years$174,109$164,107$154,685$145,811$137,456$102,826
7 years$147,735$137,817$128,544$119,879$111,789$79,099
8 years$127,963$118,135$109,015$100,564$92,740$61,958
9 years$112,593$102,857$93,895$85,658$78,100$49,179
10 years$100,304$90,664$81,860$73,838$66,545$39,429
11 years$90,256$80,713$72,068$64,261$57,231$31,856
12 years$81,889$72,443$63,958$56,366$49,595$25,894
13 years$74,814$65,468$57,143$49,762$43,248$21,148
14 years$68,756$59,508$51,343$44,173$37,911$17,337
15 years$63,510$54,362$46,356$39,395$33,380$14,257
16 years$58,924$49,876$42,028$35,274$29,501$11,754
17 years$54,882$45,934$38,244$31,693$26,158$9,710
18 years$51,293$42,445$34,912$28,562$23,258$8,034
19 years$48,086$39,338$31,960$25,808$20,731$6,657
20 years$45,202$36,554$29,331$23,374$18,517$5,522
21 years$42,597$34,049$26,979$21,214$16,571$4,585
22 years$40,232$31,783$24,866$19,288$14,853$3,810
23 years$38,076$29,726$22,959$17,566$13,333$3,167
24 years$36,102$27,852$21,233$16,021$11,984$2,635
25 years$34,289$26,137$19,666$14,632$10,784$2,193
26 years$32,619$24,565$18,239$13,378$9,714$1,826
27 years$31,074$23,119$16,937$12,246$8,758$1,520
28 years$29,643$21,784$15,745$11,220$7,902$1,266
29 years$28,312$20,551$14,652$10,289$7,136$1,055
30 years$27,073$19,408$13,648$9,442$6,447$879
31 years$25,916$18,347$12,723$8,672$5,829$733
32 years$24,833$17,360$11,871$7,970$5,273$611
33 years$23,818$16,441$11,084$7,329$4,772$509
34 years$22,865$15,582$10,356$6,743$4,320$424
35 years$21,968$14,779$9,683$6,208$3,913$354
36 years$21,123$14,028$9,058$5,717$3,546$295
37 years$20,326$13,323$8,478$5,267$3,213$246
38 years$19,572$12,662$7,939$4,855$2,913$205
39 years$18,859$12,040$7,438$4,477$2,642$171
40 years$18,183$11,455$6,972$4,129$2,396$143
41 years$17,542$10,904$6,537$3,810$2,174$119
42 years$16,933$10,385$6,132$3,516$1,973$99
43 years$16,354$9,895$5,754$3,245$1,790$83
44 years$15,802$9,432$5,401$2,997$1,625$69
45 years$15,277$8,994$5,072$2,768$1,475$58
46 years$14,776$8,580$4,764$2,556$1,339$48
47 years$14,298$8,188$4,475$2,362$1,216$40
48 years$13,841$7,816$4,205$2,182$1,105$33
49 years$13,404$7,464$3,953$2,017$1,003$28
50 years$12,985$7,130$3,716$1,864$911$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $13,300,000, adding $3,711 every year, while hoping to spend $53,911 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: 54/16/30 Blend
65$13,300,000$13,300,000$13,300,000$13,300,000
66$14,660,428$13,955,528$13,749,378$15,329,139
67$16,098,431$14,581,988$14,152,621$16,419,501
68$17,681,303$15,237,338$14,567,566$17,600,216
69$19,423,764$15,922,936$14,994,548$18,884,712
70$21,342,034$16,640,205$15,433,911$20,282,988
71$23,453,984$17,390,638$15,886,010$21,806,038
72$25,779,308$18,175,797$16,351,209$23,465,957
73$28,339,705$18,997,318$16,829,882$25,276,048
74$31,159,086$19,856,918$17,322,414$27,250,949
75$34,263,799$20,756,393$17,829,201$29,406,763
76$37,682,877$21,697,627$18,350,650$31,761,208
77$41,448,312$22,682,592$18,887,178$34,333,785
78$45,595,358$23,713,357$19,439,217$37,145,952
79$50,162,861$24,792,088$20,007,207$40,221,326
80$55,193,627$25,921,055$20,591,603$43,585,904
81$60,734,828$27,102,638$21,192,872$47,268,300
82$66,838,442$28,339,328$21,811,495$51,300,012
83$73,561,747$29,633,740$22,447,964$55,715,718
84$80,967,862$30,988,609$23,102,788$60,553,594
85$89,126,339$32,406,806$23,776,486$65,855,674
86$98,113,823$33,891,337$24,469,596$71,668,239
87$108,014,773$35,445,353$25,182,668$78,042,248
88$118,922,260$37,072,156$25,916,267$85,033,816
89$130,938,846$38,775,206$26,670,977$92,704,736
90$144,177,548$40,558,131$27,447,395$101,123,059
91$158,762,911$42,424,733$28,246,136$110,363,725
92$174,832,177$44,378,994$29,067,830$120,509,271
93$192,536,584$46,425,090$29,913,128$131,650,598
94$212,042,795$48,567,398$30,782,697$143,887,824
95$233,534,464$50,810,505$31,677,222$157,331,222
96$257,213,978$53,159,219$32,597,407$172,102,253
97$283,304,361$55,618,577$33,543,977$188,334,704
98$312,051,382$58,193,863$34,517,676$206,175,947
99$343,725,872$60,890,612$35,519,268$225,788,314
100$378,626,286$63,714,627$36,549,539$247,350,626