Can I retire at age 66 with 13,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $13,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,077,467
2 years$560,066$549,635$539,526$529,725$520,218$505,141
3 years$369,668$359,193$349,109$339,400$330,048$315,354
4 years$274,488$264,045$254,062$244,518$235,393$221,195
5 years$217,395$207,014$197,163$187,814$178,942$165,282
6 years$179,346$169,043$159,337$150,196$141,591$128,484
7 years$152,178$141,962$132,410$123,484$115,151$102,603
8 years$131,811$121,687$112,294$103,588$95,529$83,537
9 years$115,979$105,951$96,719$88,234$80,449$69,009
10 years$103,321$93,390$84,321$76,059$68,547$57,649
11 years$92,971$83,140$74,235$66,194$58,952$48,588
12 years$84,352$74,622$65,882$58,061$51,087$41,242
13 years$77,065$67,437$58,861$51,259$44,549$35,212
14 years$70,824$61,298$52,887$45,502$39,051$30,207
15 years$65,420$55,997$47,750$40,580$34,384$26,017
16 years$60,696$51,376$43,292$36,335$30,388$22,484
17 years$56,533$47,315$39,394$32,647$26,945$19,486
18 years$52,836$43,721$35,962$29,421$23,958$16,928
19 years$49,532$40,521$32,921$26,584$21,354$14,737
20 years$46,562$37,654$30,214$24,077$19,074$12,852
21 years$43,878$35,073$27,791$21,852$17,069$11,225
22 years$41,442$32,739$25,613$19,868$15,300$9,817
23 years$39,221$30,620$23,649$18,094$13,734$8,595
24 years$37,188$28,689$21,872$16,503$12,345$7,533
25 years$35,321$26,924$20,258$15,072$11,108$6,608
26 years$33,600$25,304$18,788$13,781$10,006$5,801
27 years$32,009$23,814$17,446$12,614$9,021$5,096
28 years$30,534$22,440$16,219$11,557$8,140$4,479
29 years$29,164$21,169$15,093$10,598$7,350$3,939
30 years$27,887$19,992$14,058$9,726$6,641$3,465
31 years$26,695$18,899$13,106$8,933$6,004$3,050
32 years$25,580$17,882$12,228$8,210$5,431$2,685
33 years$24,535$16,935$11,418$7,549$4,915$2,365
34 years$23,553$16,051$10,668$6,946$4,450$2,083
35 years$22,629$15,224$9,974$6,394$4,031$1,835
36 years$21,759$14,449$9,330$5,889$3,652$1,618
37 years$20,937$13,724$8,733$5,426$3,310$1,426
38 years$20,161$13,042$8,178$5,001$3,001$1,257
39 years$19,426$12,402$7,662$4,611$2,721$1,108
40 years$18,730$11,800$7,182$4,253$2,468$977
41 years$18,070$11,232$6,734$3,924$2,239$862
42 years$17,442$10,697$6,317$3,622$2,032$760
43 years$16,845$10,192$5,927$3,343$1,844$670
44 years$16,278$9,715$5,564$3,087$1,674$591
45 years$15,736$9,264$5,224$2,851$1,520$522
46 years$15,220$8,838$4,907$2,633$1,380$460
47 years$14,728$8,434$4,610$2,433$1,253$406
48 years$14,257$8,051$4,332$2,248$1,138$358
49 years$13,807$7,689$4,072$2,078$1,033$316
50 years$13,376$7,344$3,828$1,920$939$279

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $13,700,000, adding $5,128 every year, while hoping to spend $54,823 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: 46/37/17 Blend
65$13,700,000$13,700,000$13,700,000$13,700,000
66$15,102,690$14,376,590$14,164,240$15,724,053
67$16,584,833$15,022,711$14,580,410$16,803,780
68$18,216,317$15,698,655$15,008,685$17,968,542
69$20,012,317$16,405,825$15,449,412$19,231,012
70$21,989,555$17,145,692$15,902,949$20,600,300
71$24,166,453$17,919,795$16,369,662$22,086,408
72$26,563,316$18,729,749$16,849,930$23,700,321
73$29,202,513$19,577,246$17,344,141$25,454,104
74$32,108,695$20,464,056$17,852,695$27,361,010
75$35,309,024$21,392,037$18,376,003$29,435,602
76$38,833,432$22,363,135$18,914,487$31,693,883
77$42,714,900$23,379,387$19,468,580$34,153,438
78$46,989,773$24,442,930$20,038,731$36,833,599
79$51,698,099$25,556,002$20,625,397$39,755,618
80$56,884,007$26,720,949$21,229,050$42,942,857
81$62,596,129$27,940,228$21,850,176$46,421,007
82$68,888,050$29,216,415$22,489,273$50,218,322
83$75,818,822$30,552,210$23,146,854$54,365,871
84$83,453,514$31,950,441$23,823,446$58,897,832
85$91,863,832$33,414,072$24,519,591$63,851,799
86$101,128,791$34,946,209$25,235,846$69,269,130
87$111,335,463$36,550,110$25,972,782$75,195,328
88$122,579,800$38,229,184$26,730,990$81,680,462
89$134,967,535$39,987,009$27,511,073$88,779,623
90$148,615,183$41,827,333$28,313,654$96,553,440
91$163,651,142$43,754,082$29,139,371$105,068,637
92$180,216,900$45,771,374$29,988,882$114,398,652
93$198,468,376$47,883,524$30,862,862$124,624,315
94$218,577,388$50,095,054$31,762,005$135,834,602
95$240,733,273$52,410,703$32,687,025$148,127,458
96$265,144,681$54,835,441$33,638,653$161,610,708
97$292,041,535$57,374,474$34,617,645$176,403,060
98$321,677,209$60,033,261$35,624,773$192,635,208
99$354,330,916$62,817,523$36,660,835$210,451,051
100$390,310,344$65,733,256$37,726,648$230,009,035