Can I retire at age 66 with 6,800,000?

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$561,538$556,536$551,656$546,893$542,242$532,164
2 years$277,989$272,812$267,794$262,929$258,210$248,095
3 years$183,485$178,285$173,280$168,461$163,819$153,982
4 years$136,242$131,059$126,104$121,367$116,837$107,353
5 years$107,904$102,752$97,862$93,221$88,818$79,714
6 years$89,018$83,904$79,087$74,550$70,279$61,565
7 years$75,534$70,463$65,722$61,292$57,155$48,834
8 years$65,425$60,400$55,737$51,416$47,416$39,486
9 years$57,566$52,589$48,006$43,795$39,931$32,387
10 years$51,283$46,354$41,853$37,752$34,023$26,858
11 years$46,146$41,267$36,847$32,855$29,261$22,466
12 years$41,868$37,039$32,701$28,819$25,357$18,923
13 years$38,251$33,472$29,216$25,442$22,112$16,029
14 years$35,153$30,425$26,250$22,585$19,383$13,640
15 years$32,471$27,794$23,701$20,142$17,066$11,652
16 years$30,127$25,500$21,488$18,035$15,083$9,986
17 years$28,060$23,485$19,553$16,204$13,374$8,580
18 years$26,225$21,701$17,850$14,603$11,891$7,390
19 years$24,585$20,112$16,341$13,195$10,599$6,377
20 years$23,111$18,689$14,997$11,951$9,467$5,511
21 years$21,779$17,408$13,794$10,846$8,472$4,770
22 years$20,570$16,250$12,713$9,862$7,594$4,134
23 years$19,467$15,198$11,738$8,981$6,817$3,586
24 years$18,458$14,240$10,856$8,191$6,127$3,114
25 years$17,531$13,364$10,055$7,481$5,514$2,705
26 years$16,677$12,560$9,325$6,840$4,966$2,352
27 years$15,888$11,820$8,659$6,261$4,478$2,047
28 years$15,156$11,138$8,050$5,736$4,040$1,781
29 years$14,476$10,507$7,491$5,260$3,648$1,551
30 years$13,842$9,923$6,978$4,828$3,296$1,351
31 years$13,250$9,381$6,505$4,434$2,980$1,178
32 years$12,697$8,876$6,070$4,075$2,696$1,027
33 years$12,178$8,406$5,667$3,747$2,440$895
34 years$11,690$7,967$5,295$3,448$2,209$781
35 years$11,232$7,556$4,950$3,174$2,001$681
36 years$10,800$7,172$4,631$2,923$1,813$594
37 years$10,392$6,812$4,335$2,693$1,643$518
38 years$10,007$6,474$4,059$2,482$1,489$452
39 years$9,642$6,156$3,803$2,289$1,351$395
40 years$9,297$5,857$3,565$2,111$1,225$344
41 years$8,969$5,575$3,342$1,948$1,111$301
42 years$8,657$5,309$3,135$1,798$1,009$262
43 years$8,361$5,059$2,942$1,659$915$229
44 years$8,079$4,822$2,762$1,532$831$200
45 years$7,811$4,598$2,593$1,415$754$175
46 years$7,555$4,387$2,435$1,307$685$152
47 years$7,310$4,186$2,288$1,208$622$133
48 years$7,076$3,996$2,150$1,116$565$116
49 years$6,853$3,816$2,021$1,031$513$102
50 years$6,639$3,645$1,900$953$466$89

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $6,800,000, adding $4,079 every year, while hoping to spend $55,720 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: 38/48/14 Blend
65$6,800,000$6,800,000$6,800,000$6,800,000
66$7,497,807$7,137,407$7,032,007$7,750,789
67$8,203,298$7,427,855$7,208,294$8,222,225
68$8,978,881$7,730,667$7,388,619$8,725,696
69$9,831,648$8,046,390$7,573,058$9,268,589
70$10,769,410$8,375,596$7,761,689$9,854,475
71$11,800,773$8,718,885$7,954,590$10,487,269
72$12,935,222$9,076,880$8,151,838$11,171,270
73$14,183,204$9,450,236$8,353,514$11,911,193
74$15,556,230$9,839,637$8,559,696$12,712,216
75$17,066,985$10,245,798$8,770,465$13,580,022
76$18,729,443$10,669,468$8,985,902$14,520,851
77$20,559,003$11,111,429$9,206,086$15,541,558
78$22,572,632$11,572,500$9,431,101$16,649,671
79$24,789,024$12,053,536$9,661,026$17,853,463
80$27,228,779$12,555,434$9,895,945$19,162,022
81$29,914,594$13,079,130$10,135,939$20,585,337
82$32,871,479$13,625,603$10,381,089$22,134,386
83$36,126,993$14,195,881$10,631,478$23,821,239
84$39,711,501$14,791,034$10,887,188$25,659,164
85$43,658,466$15,412,186$11,148,301$27,662,750
86$48,004,757$16,060,511$11,414,896$29,848,039
87$52,791,004$16,737,238$11,687,057$32,232,677
88$58,061,975$17,443,651$11,964,862$34,836,071
89$63,867,003$18,181,097$12,248,391$37,679,567
90$70,260,449$18,950,983$12,537,725$40,786,650
91$77,302,216$19,754,782$12,832,939$44,183,160
92$85,058,312$20,594,036$13,134,113$47,897,524
93$93,601,475$21,470,358$13,441,320$51,961,026
94$103,011,857$22,385,438$13,754,637$56,408,092
95$113,377,784$23,341,042$14,074,135$61,276,611
96$124,796,586$24,339,020$14,399,885$66,608,281
97$137,375,514$25,381,309$14,731,958$72,449,001
98$151,232,758$26,469,935$15,070,420$78,849,294
99$166,498,556$27,607,018$15,415,336$85,864,778
100$183,316,428$28,794,781$15,766,769$93,556,678