Can I retire at age 66 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$553,280$548,351$543,543$538,850$534,267$516,133
2 years$273,901$268,800$263,856$259,063$254,413$236,325
3 years$180,787$175,664$170,732$165,984$161,410$143,936
4 years$134,239$129,131$124,249$119,582$115,119$98,392
5 years$106,317$101,241$96,423$91,850$87,512$71,577
6 years$87,709$82,671$77,924$73,454$69,245$54,115
7 years$74,423$69,427$64,755$60,390$56,315$41,987
8 years$64,463$59,511$54,917$50,660$46,718$33,182
9 years$56,720$51,815$47,300$43,151$39,344$26,582
10 years$50,529$45,673$41,238$37,197$33,523$21,515
11 years$45,467$40,660$36,305$32,372$28,831$17,554
12 years$41,252$36,494$32,220$28,395$24,984$14,412
13 years$37,689$32,980$28,786$25,068$21,787$11,892
14 years$34,636$29,978$25,864$22,253$19,098$9,852
15 years$31,994$27,385$23,352$19,846$16,815$8,189
16 years$29,684$25,125$21,172$17,770$14,862$6,825
17 years$27,647$23,140$19,266$15,966$13,177$5,701
18 years$25,839$21,382$17,587$14,388$11,717$4,770
19 years$24,224$19,817$16,100$13,001$10,443$3,998
20 years$22,771$18,415$14,776$11,775$9,328$3,354
21 years$21,459$17,152$13,591$10,687$8,348$2,818
22 years$20,267$16,011$12,526$9,717$7,482$2,369
23 years$19,181$14,975$11,566$8,849$6,717$1,993
24 years$18,187$14,031$10,696$8,071$6,037$1,678
25 years$17,274$13,167$9,907$7,371$5,432$1,413
26 years$16,432$12,375$9,188$6,739$4,893$1,191
27 years$15,654$11,646$8,532$6,169$4,412$1,004
28 years$14,933$10,974$7,932$5,652$3,981$846
29 years$14,263$10,353$7,381$5,183$3,595$714
30 years$13,638$9,777$6,875$4,757$3,248$602
31 years$13,055$9,243$6,410$4,369$2,936$508
32 years$12,510$8,745$5,980$4,015$2,656$429
33 years$11,999$8,282$5,584$3,692$2,404$362
34 years$11,519$7,850$5,217$3,397$2,176$306
35 years$11,067$7,445$4,878$3,127$1,971$258
36 years$10,641$7,067$4,563$2,880$1,786$218
37 years$10,239$6,712$4,271$2,654$1,619$184
38 years$9,860$6,378$3,999$2,446$1,468$155
39 years$9,500$6,065$3,747$2,255$1,331$131
40 years$9,160$5,771$3,512$2,080$1,207$111
41 years$8,837$5,493$3,293$1,919$1,095$93
42 years$8,530$5,231$3,089$1,771$994$79
43 years$8,238$4,984$2,899$1,635$902$67
44 years$7,961$4,751$2,721$1,510$819$56
45 years$7,696$4,531$2,555$1,394$743$48
46 years$7,444$4,322$2,400$1,288$675$40
47 years$7,203$4,125$2,254$1,190$613$34
48 years$6,972$3,938$2,119$1,099$556$29
49 years$6,752$3,760$1,991$1,016$505$24
50 years$6,542$3,592$1,872$939$459$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $6,700,000, adding $5,997 every year, while hoping to spend $50,862 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: 67/10/23 Blend
65$6,700,000$6,700,000$6,700,000$6,700,000
66$7,389,586$7,034,486$6,930,636$7,840,891
67$8,089,207$7,325,059$7,108,695$8,435,137
68$8,858,485$7,628,165$7,291,015$9,078,397
69$9,704,470$7,944,366$7,477,684$9,780,706
70$10,634,933$8,274,246$7,668,793$10,547,883
71$11,658,431$8,618,420$7,864,433$11,386,332
72$12,784,397$8,977,528$8,064,698$12,303,108
73$14,023,220$9,352,242$8,269,680$13,305,975
74$15,386,351$9,743,263$8,479,476$14,403,483
75$16,886,402$10,151,327$8,694,182$15,605,045
76$18,537,274$10,577,201$8,913,896$16,921,028
77$20,354,281$11,021,689$9,138,717$18,362,847
78$22,354,299$11,485,633$9,368,745$19,943,075
79$24,555,921$11,969,912$9,604,081$21,675,556
80$26,979,635$12,475,448$9,844,828$23,575,538
81$29,648,016$13,003,203$10,091,088$25,659,817
82$32,585,941$13,554,187$10,342,967$27,946,888
83$35,820,819$14,129,455$10,600,569$30,457,127
84$39,382,856$14,730,111$10,864,001$33,212,975
85$43,305,332$15,357,312$11,133,370$36,239,154
86$47,624,921$16,012,265$11,408,783$39,562,892
87$52,382,036$16,696,239$11,690,350$43,214,187
88$57,621,206$17,410,557$11,978,179$47,226,084
89$63,391,502$18,156,608$12,272,382$51,634,983
90$69,746,996$18,935,842$12,573,067$56,480,987
91$76,747,271$19,749,780$12,880,346$61,808,276
92$84,457,986$20,600,013$13,194,331$67,665,521
93$92,951,492$21,488,205$13,515,133$74,106,344
94$102,307,518$22,416,101$13,842,864$81,189,820
95$112,613,921$23,385,525$14,177,635$88,981,038
96$123,967,514$24,398,389$14,519,559$97,551,705
97$136,474,983$25,456,693$14,868,747$106,980,828
98$150,253,891$26,562,531$15,225,310$117,355,457
99$165,433,790$27,718,097$15,589,360$128,771,500
100$182,157,440$28,925,687$15,961,007$141,334,630