Can I retire at age 66 with 13,800,000?

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 $13,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,139,591$1,129,440$1,119,537$1,109,870$1,100,431$1,095,794
2 years$564,154$553,647$543,464$533,591$524,015$519,334
3 years$372,367$361,815$351,657$341,877$332,457$327,876
4 years$276,492$265,972$255,917$246,303$237,111$232,666
5 years$218,982$208,525$198,602$189,185$180,248$175,952
6 years$180,655$170,277$160,500$151,292$142,624$138,483
7 years$153,289$142,998$133,376$124,386$115,992$112,007
8 years$132,774$122,576$113,113$104,344$96,226$92,399
9 years$116,826$106,724$97,425$88,878$81,036$77,365
10 years$104,075$94,072$84,937$76,614$69,047$65,530
11 years$93,649$83,747$74,777$66,677$59,383$56,018
12 years$84,967$75,167$66,363$58,485$51,460$48,245
13 years$77,627$67,929$59,291$51,633$44,874$41,806
14 years$71,341$61,745$53,273$45,834$39,336$36,411
15 years$65,897$56,405$48,098$40,876$34,635$31,850
16 years$61,139$51,751$43,608$36,600$30,610$27,961
17 years$56,945$47,661$39,682$32,885$27,141$24,624
18 years$53,221$44,041$36,224$29,636$24,133$21,744
19 years$49,893$40,816$33,162$26,779$21,510$19,245
20 years$46,902$37,929$30,434$24,253$19,213$17,068
21 years$44,199$35,329$27,994$22,011$17,194$15,164
22 years$41,745$32,978$25,800$20,013$15,412$13,493
23 years$39,507$30,844$23,822$18,226$13,834$12,022
24 years$37,460$28,899$22,031$16,624$12,435$10,725
25 years$35,579$27,120$20,405$15,182$11,189$9,578
26 years$33,845$25,489$18,925$13,881$10,079$8,561
27 years$32,243$23,988$17,574$12,706$9,087$7,659
28 years$30,757$22,603$16,337$11,641$8,199$6,857
29 years$29,377$21,324$15,203$10,675$7,404$6,142
30 years$28,091$20,138$14,161$9,797$6,690$5,506
31 years$26,890$19,037$13,202$8,998$6,048$4,938
32 years$25,767$18,013$12,318$8,269$5,471$4,431
33 years$24,714$17,059$11,501$7,604$4,951$3,977
34 years$23,725$16,168$10,746$6,997$4,483$3,571
35 years$22,794$15,335$10,047$6,441$4,060$3,208
36 years$21,918$14,555$9,398$5,932$3,679$2,882
37 years$21,090$13,824$8,797$5,465$3,334$2,591
38 years$20,308$13,138$8,238$5,038$3,023$2,329
39 years$19,568$12,493$7,718$4,645$2,741$2,094
40 years$18,867$11,886$7,234$4,284$2,486$1,883
41 years$18,201$11,314$6,783$3,953$2,256$1,694
42 years$17,569$10,775$6,363$3,648$2,047$1,524
43 years$16,968$10,266$5,971$3,367$1,858$1,371
44 years$16,396$9,786$5,604$3,109$1,686$1,234
45 years$15,851$9,332$5,262$2,872$1,531$1,111
46 years$15,331$8,902$4,943$2,652$1,390$1,000
47 years$14,835$8,496$4,643$2,451$1,262$900
48 years$14,361$8,110$4,364$2,264$1,146$810
49 years$13,908$7,745$4,101$2,093$1,041$729
50 years$13,474$7,398$3,856$1,934$945$657

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $13,800,000, adding $6,574 every year, while hoping to spend $32,505 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: 62/24/14 Blend
65$13,800,000$13,800,000$13,800,000$13,800,000
66$15,214,381$14,482,981$14,269,081$16,105,362
67$16,731,663$15,158,062$14,712,510$17,379,444
68$18,402,618$15,865,133$15,169,705$18,765,358
69$20,242,887$16,605,726$15,641,092$20,277,450
70$22,269,704$17,381,449$16,127,111$21,927,963
71$24,502,061$18,193,987$16,628,216$23,730,363
72$26,960,884$19,045,106$17,144,875$25,699,461
73$29,669,236$19,936,658$17,677,570$27,851,549
74$32,652,527$20,870,583$18,226,797$30,204,550
75$35,938,761$21,848,917$18,793,071$32,778,184
76$39,558,794$22,873,794$19,376,918$35,594,146
77$43,546,630$23,947,449$19,978,884$38,676,312
78$47,939,740$25,072,227$20,599,530$42,050,955
79$52,779,415$26,250,588$21,239,436$45,746,988
80$58,111,156$27,485,107$21,899,198$49,796,236
81$63,985,104$28,778,488$22,579,431$54,233,727
82$70,456,513$30,133,562$23,280,771$59,098,017
83$77,586,271$31,553,301$24,003,870$64,431,550
84$85,441,475$33,040,817$24,749,404$70,281,050
85$94,096,064$34,599,375$25,518,068$76,697,959
86$103,631,517$36,232,399$26,310,578$83,738,912
87$114,137,623$37,943,478$27,127,673$91,466,267
88$125,713,325$39,736,373$27,970,115$99,948,684
89$138,467,660$41,615,031$28,838,689$109,261,767
90$152,520,781$43,583,587$29,734,205$119,488,769
91$168,005,098$45,646,380$30,657,498$130,721,371
92$185,066,521$47,807,956$31,609,428$143,060,533
93$203,865,844$50,073,084$32,590,882$156,617,447
94$224,580,258$52,446,763$33,602,774$171,514,566
95$247,405,026$54,934,235$34,646,048$187,886,758
96$272,555,323$57,540,998$35,721,675$205,882,565
97$300,268,273$60,272,814$36,830,658$225,665,595
98$330,805,182$63,135,726$37,974,030$247,416,053
99$364,454,005$66,136,072$39,152,855$271,332,434
100$401,532,070$69,280,495$40,368,232$297,633,378