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%12.6%
1 years$1,114,817$1,104,887$1,095,199$1,085,743$1,076,509$1,064,824
2 years$551,890$541,611$531,650$521,992$512,623$500,858
3 years$364,272$353,949$344,013$334,445$325,229$313,749
4 years$270,481$260,190$250,353$240,949$231,956$220,849
5 years$214,222$203,992$194,284$185,072$176,329$165,628
6 years$176,727$166,575$157,011$148,003$139,524$129,241
7 years$149,956$139,889$130,477$121,682$113,470$103,610
8 years$129,887$119,911$110,654$102,076$94,134$84,697
9 years$114,286$104,404$95,307$86,946$79,275$70,257
10 years$101,812$92,027$83,091$74,948$67,546$58,941
11 years$91,613$81,926$73,152$65,227$58,092$49,893
12 years$83,120$73,533$64,920$57,213$50,341$42,540
13 years$75,940$66,452$58,002$50,511$43,898$36,485
14 years$69,790$60,403$52,115$44,838$38,481$31,445
15 years$64,465$55,179$47,053$39,987$33,882$27,213
16 years$59,810$50,626$42,660$35,804$29,945$23,631
17 years$55,707$46,625$38,819$32,170$26,551$20,581
18 years$52,064$43,083$35,437$28,992$23,608$17,970
19 years$48,809$39,929$32,441$26,196$21,042$15,723
20 years$45,882$37,104$29,772$23,726$18,795$13,783
21 years$43,238$34,561$27,385$21,533$16,820$12,102
22 years$40,837$32,261$25,239$19,578$15,077$10,640
23 years$38,649$30,173$23,304$17,830$13,534$9,366
24 years$36,645$28,271$21,552$16,262$12,164$8,254
25 years$34,805$26,531$19,962$14,852$10,946$7,280
26 years$33,109$24,934$18,514$13,580$9,860$6,426
27 years$31,542$23,466$17,192$12,430$8,889$5,677
28 years$30,089$22,112$15,982$11,388$8,021$5,018
29 years$28,738$20,860$14,872$10,443$7,243$4,438
30 years$27,480$19,700$13,853$9,584$6,544$3,927
31 years$26,306$18,623$12,915$8,802$5,917$3,476
32 years$25,207$17,621$12,050$8,090$5,352$3,078
33 years$24,177$16,688$11,251$7,439$4,844$2,727
34 years$23,209$15,816$10,512$6,845$4,385$2,416
35 years$22,299$15,001$9,828$6,301$3,972$2,141
36 years$21,441$14,239$9,194$5,803$3,599$1,898
37 years$20,632$13,523$8,605$5,347$3,262$1,683
38 years$19,867$12,852$8,059$4,928$2,957$1,493
39 years$19,143$12,221$7,550$4,544$2,682$1,324
40 years$18,457$11,627$7,077$4,191$2,432$1,175
41 years$17,806$11,068$6,636$3,867$2,207$1,042
42 years$17,187$10,541$6,224$3,569$2,002$925
43 years$16,600$10,043$5,841$3,294$1,817$821
44 years$16,040$9,573$5,483$3,042$1,649$728
45 years$15,507$9,129$5,148$2,809$1,497$646
46 years$14,998$8,709$4,835$2,595$1,360$574
47 years$14,513$8,311$4,543$2,397$1,235$509
48 years$14,049$7,934$4,269$2,215$1,121$452
49 years$13,605$7,576$4,012$2,047$1,018$401
50 years$13,181$7,237$3,772$1,892$925$356

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 $6,772 every year, while hoping to spend $31,626 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: 48/40/12 Blend
65$13,500,000$13,500,000$13,500,000$13,500,000
66$14,883,985$14,168,485$13,959,235$15,548,847
67$16,368,502$14,829,091$14,393,220$16,668,059
68$18,003,379$15,521,007$14,840,683$17,878,743
69$19,803,921$16,245,733$15,302,043$19,192,550
70$21,786,990$17,004,843$15,777,730$20,619,113
71$23,971,169$17,799,986$16,268,190$22,169,009
72$26,376,934$18,632,891$16,773,880$23,853,853
73$29,026,849$19,505,371$17,295,273$25,686,397
74$31,945,779$20,419,325$17,832,856$27,680,653
75$35,161,122$21,376,747$18,387,131$29,852,012
76$38,703,073$22,379,723$18,958,615$32,217,385
77$42,604,901$23,430,444$19,547,844$34,795,356
78$46,903,270$24,531,205$20,155,366$37,606,351
79$51,638,581$25,684,412$20,781,748$40,672,819
80$56,855,357$26,892,589$21,427,577$44,019,443
81$62,602,657$28,158,379$22,093,455$47,673,358
82$68,934,546$29,484,558$22,780,004$51,664,403
83$75,910,600$30,874,031$23,487,864$56,025,391
84$83,596,470$32,329,847$24,217,696$60,792,409
85$92,064,503$33,855,203$24,970,182$66,005,153
86$101,394,423$35,453,448$25,746,024$71,707,285
87$111,674,084$37,128,097$26,545,945$77,946,842
88$123,000,299$38,882,833$27,370,693$84,776,673
89$135,479,755$40,721,517$28,221,037$92,254,925
90$149,230,019$42,648,201$29,097,771$100,445,585
91$164,380,646$44,667,128$30,001,712$109,419,067
92$181,074,407$46,782,752$30,933,703$119,252,862
93$199,468,629$48,999,739$31,894,615$130,032,257
94$219,736,688$51,322,985$32,885,343$141,851,126
95$242,069,640$53,757,621$33,906,812$154,812,797
96$266,678,027$56,309,028$34,959,974$169,031,017
97$293,793,864$58,982,849$36,045,812$184,631,000
98$323,672,829$61,784,999$37,165,337$201,750,598
99$356,596,675$64,721,682$38,319,594$220,541,580
100$392,875,895$67,799,404$39,509,659$241,171,048