Can I retire at age 66 with 13,500,000?

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 $13,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,114,817$1,104,887$1,095,199$1,085,743$1,076,509$1,039,140
2 years$551,890$541,611$531,650$521,992$512,623$475,362
3 years$364,272$353,949$344,013$334,445$325,229$289,245
4 years$270,481$260,190$250,353$240,949$231,956$197,524
5 years$214,222$203,992$194,284$185,072$176,329$143,541
6 years$176,727$166,575$157,011$148,003$139,524$108,404
7 years$149,956$139,889$130,477$121,682$113,470$84,013
8 years$129,887$119,911$110,654$102,076$94,134$66,316
9 years$114,286$104,404$95,307$86,946$79,275$53,061
10 years$101,812$92,027$83,091$74,948$67,546$42,893
11 years$91,613$81,926$73,152$65,227$58,092$34,949
12 years$83,120$73,533$64,920$57,213$50,341$28,656
13 years$75,940$66,452$58,002$50,511$43,898$23,613
14 years$69,790$60,403$52,115$44,838$38,481$19,535
15 years$64,465$55,179$47,053$39,987$33,882$16,214
16 years$59,810$50,626$42,660$35,804$29,945$13,494
17 years$55,707$46,625$38,819$32,170$26,551$11,255
18 years$52,064$43,083$35,437$28,992$23,608$9,404
19 years$48,809$39,929$32,441$26,196$21,042$7,869
20 years$45,882$37,104$29,772$23,726$18,795$6,593
21 years$43,238$34,561$27,385$21,533$16,820$5,529
22 years$40,837$32,261$25,239$19,578$15,077$4,641
23 years$38,649$30,173$23,304$17,830$13,534$3,899
24 years$36,645$28,271$21,552$16,262$12,164$3,277
25 years$34,805$26,531$19,962$14,852$10,946$2,756
26 years$33,109$24,934$18,514$13,580$9,860$2,318
27 years$31,542$23,466$17,192$12,430$8,889$1,951
28 years$30,089$22,112$15,982$11,388$8,021$1,642
29 years$28,738$20,860$14,872$10,443$7,243$1,383
30 years$27,480$19,700$13,853$9,584$6,544$1,165
31 years$26,306$18,623$12,915$8,802$5,917$981
32 years$25,207$17,621$12,050$8,090$5,352$827
33 years$24,177$16,688$11,251$7,439$4,844$697
34 years$23,209$15,816$10,512$6,845$4,385$587
35 years$22,299$15,001$9,828$6,301$3,972$495
36 years$21,441$14,239$9,194$5,803$3,599$417
37 years$20,632$13,523$8,605$5,347$3,262$351
38 years$19,867$12,852$8,059$4,928$2,957$296
39 years$19,143$12,221$7,550$4,544$2,682$250
40 years$18,457$11,627$7,077$4,191$2,432$211
41 years$17,806$11,068$6,636$3,867$2,207$177
42 years$17,187$10,541$6,224$3,569$2,002$150
43 years$16,600$10,043$5,841$3,294$1,817$126
44 years$16,040$9,573$5,483$3,042$1,649$106
45 years$15,507$9,129$5,148$2,809$1,497$90
46 years$14,998$8,709$4,835$2,595$1,360$76
47 years$14,513$8,311$4,543$2,397$1,235$64
48 years$14,049$7,934$4,269$2,215$1,121$54
49 years$13,605$7,576$4,012$2,047$1,018$45
50 years$13,181$7,237$3,772$1,892$925$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $13,500,000, adding $4,529 every year, while hoping to spend $41,982 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: 36/36/28 Blend
65$13,500,000$13,500,000$13,500,000$13,500,000
66$14,881,672$14,166,172$13,956,922$15,292,126
67$16,354,934$14,815,646$14,379,810$16,247,386
68$17,977,061$15,495,537$14,815,458$17,273,828
69$19,763,195$16,207,291$15,264,249$18,381,174
70$21,730,016$16,952,424$15,726,577$19,576,727
71$23,895,910$17,732,525$16,202,849$20,868,500
72$26,281,131$18,549,257$16,693,483$22,265,277
73$28,908,002$19,404,366$17,198,911$23,776,698
74$31,801,120$20,299,681$17,719,575$25,413,340
75$34,987,586$21,237,118$18,255,934$27,186,812
76$38,497,269$22,218,686$18,808,457$29,109,857
77$42,363,080$23,246,491$19,377,629$31,196,467
78$46,621,285$24,322,740$19,963,951$33,462,008
79$51,311,847$25,449,746$20,567,934$35,923,358
80$56,478,806$26,629,933$21,190,110$38,599,055
81$62,170,688$27,865,844$21,831,023$41,509,469
82$68,440,971$29,160,142$22,491,234$44,676,985
83$75,348,581$30,515,621$23,171,322$48,126,202
84$82,958,457$31,935,207$23,871,882$51,884,160
85$91,342,156$33,421,969$24,593,527$55,980,583
86$100,578,533$34,979,123$25,336,887$60,448,153
87$110,754,485$36,610,041$26,102,614$65,322,804
88$121,965,767$38,318,257$26,891,376$70,644,053
89$134,317,901$40,107,478$27,703,863$76,455,363
90$147,927,170$41,981,587$28,540,785$82,804,536
91$162,921,712$43,944,655$29,402,872$89,744,157
92$179,442,735$46,000,952$30,290,877$97,332,077
93$197,645,847$48,154,952$31,205,575$105,631,943
94$217,702,526$50,411,347$32,147,764$114,713,785
95$239,801,735$52,775,054$33,118,265$124,654,664
96$264,151,710$55,251,230$34,117,925$135,539,385
97$290,981,924$57,845,280$35,147,615$147,461,277
98$320,545,252$60,562,870$36,208,232$160,523,060
99$353,120,360$63,409,943$37,300,700$174,837,797
100$389,014,332$66,392,725$38,425,969$190,529,945