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

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 $13,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,076,576
2 years$560,066$549,635$539,526$529,725$520,218$504,251
3 years$369,668$359,193$349,109$339,400$330,048$314,492
4 years$274,488$264,045$254,062$244,518$235,393$220,368
5 years$217,395$207,014$197,163$187,814$178,942$164,491
6 years$179,346$169,043$159,337$150,196$141,591$127,731
7 years$152,178$141,962$132,410$123,484$115,151$101,888
8 years$131,811$121,687$112,294$103,588$95,529$82,860
9 years$115,979$105,951$96,719$88,234$80,449$68,368
10 years$103,321$93,390$84,321$76,059$68,547$57,045
11 years$92,971$83,140$74,235$66,194$58,952$48,018
12 years$84,352$74,622$65,882$58,061$51,087$40,707
13 years$77,065$67,437$58,861$51,259$44,549$34,709
14 years$70,824$61,298$52,887$45,502$39,051$29,736
15 years$65,420$55,997$47,750$40,580$34,384$25,576
16 years$60,696$51,376$43,292$36,335$30,388$22,072
17 years$56,533$47,315$39,394$32,647$26,945$19,102
18 years$52,836$43,721$35,962$29,421$23,958$16,571
19 years$49,532$40,521$32,921$26,584$21,354$14,405
20 years$46,562$37,654$30,214$24,077$19,074$12,543
21 years$43,878$35,073$27,791$21,852$17,069$10,939
22 years$41,442$32,739$25,613$19,868$15,300$9,552
23 years$39,221$30,620$23,649$18,094$13,734$8,351
24 years$37,188$28,689$21,872$16,503$12,345$7,308
25 years$35,321$26,924$20,258$15,072$11,108$6,400
26 years$33,600$25,304$18,788$13,781$10,006$5,610
27 years$32,009$23,814$17,446$12,614$9,021$4,920
28 years$30,534$22,440$16,219$11,557$8,140$4,317
29 years$29,164$21,169$15,093$10,598$7,350$3,790
30 years$27,887$19,992$14,058$9,726$6,641$3,329
31 years$26,695$18,899$13,106$8,933$6,004$2,925
32 years$25,580$17,882$12,228$8,210$5,431$2,571
33 years$24,535$16,935$11,418$7,549$4,915$2,261
34 years$23,553$16,051$10,668$6,946$4,450$1,988
35 years$22,629$15,224$9,974$6,394$4,031$1,749
36 years$21,759$14,449$9,330$5,889$3,652$1,539
37 years$20,937$13,724$8,733$5,426$3,310$1,354
38 years$20,161$13,042$8,178$5,001$3,001$1,191
39 years$19,426$12,402$7,662$4,611$2,721$1,049
40 years$18,730$11,800$7,182$4,253$2,468$923
41 years$18,070$11,232$6,734$3,924$2,239$813
42 years$17,442$10,697$6,317$3,622$2,032$716
43 years$16,845$10,192$5,927$3,343$1,844$630
44 years$16,278$9,715$5,564$3,087$1,674$555
45 years$15,736$9,264$5,224$2,851$1,520$489
46 years$15,220$8,838$4,907$2,633$1,380$430
47 years$14,728$8,434$4,610$2,433$1,253$379
48 years$14,257$8,051$4,332$2,248$1,138$334
49 years$13,807$7,689$4,072$2,078$1,033$294
50 years$13,376$7,344$3,828$1,920$939$259

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 $5,145 every year, while hoping to spend $21,540 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: 38/34/28 Blend
65$13,700,000$13,700,000$13,700,000$13,700,000
66$15,102,707$14,376,607$14,164,257$15,550,479
67$16,620,265$15,058,142$14,615,841$16,561,556
68$18,291,891$15,772,351$15,081,832$17,651,192
69$20,133,279$16,520,811$15,562,688$18,828,435
70$22,161,721$17,305,178$16,058,885$20,101,257
71$24,396,271$18,127,186$16,570,912$21,478,396
72$26,857,928$18,988,656$17,099,275$22,969,442
73$29,569,831$19,891,494$17,644,495$24,584,915
74$32,557,478$20,837,702$18,207,110$26,336,363
75$35,848,969$21,829,377$18,787,676$28,236,461
76$39,475,266$22,868,719$19,386,766$30,299,125
77$43,470,491$23,958,034$20,004,970$32,539,639
78$47,872,245$25,099,742$20,642,901$34,974,787
79$52,721,962$26,296,377$21,301,186$37,623,007
80$58,065,303$27,550,600$21,980,477$40,504,556
81$63,952,584$28,865,200$22,681,443$43,641,695
82$70,439,254$30,243,101$23,404,777$47,058,885
83$77,586,414$31,687,369$24,151,193$50,783,015
84$85,461,398$33,201,221$24,921,429$54,843,642
85$94,138,409$34,788,028$25,716,244$59,273,260
86$103,699,212$36,451,327$26,536,424$64,107,600
87$114,233,916$38,194,827$27,382,779$69,385,952
88$125,841,817$40,022,415$28,256,144$75,151,525
89$138,632,340$41,938,171$29,157,382$81,451,848
90$152,726,068$43,946,370$30,087,383$88,339,198
91$168,255,882$46,051,498$31,047,066$95,871,087
92$185,368,219$48,258,257$32,037,379$104,110,787
93$204,224,445$50,571,580$33,059,300$113,127,915
94$225,002,390$52,996,639$34,113,838$122,999,076
95$247,898,018$55,538,858$35,202,035$133,808,567
96$273,127,279$58,203,926$36,324,967$145,649,161
97$300,928,150$60,997,807$37,483,742$158,622,960
98$331,562,879$63,926,757$38,679,505$172,842,348
99$365,320,463$66,997,338$39,913,438$188,431,025
100$402,519,372$70,216,430$41,186,761$205,525,162