Can I retire at age 66 with 8,100,000?

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$668,890$662,932$657,119$651,446$645,905$635,991
2 years$331,134$324,967$318,990$313,195$307,574$297,609
3 years$218,563$212,369$206,408$200,667$195,138$185,432
4 years$162,289$156,114$150,212$144,569$139,174$129,803
5 years$128,533$122,395$116,571$111,043$105,798$96,789
6 years$106,036$99,945$94,206$88,802$83,714$75,078
7 years$89,974$83,934$78,286$73,009$68,082$59,820
8 years$77,932$71,947$66,393$61,245$56,481$48,593
9 years$68,572$62,642$57,184$52,168$47,565$40,047
10 years$61,087$55,216$49,854$44,969$40,528$33,373
11 years$54,968$49,156$43,891$39,136$34,855$28,057
12 years$49,872$44,120$38,952$34,328$30,205$23,755
13 years$45,564$39,871$34,801$30,306$26,339$20,228
14 years$41,874$36,242$31,269$26,903$23,089$17,306
15 years$38,679$33,108$28,232$23,992$20,329$14,865
16 years$35,886$30,376$25,596$21,483$17,967$12,811
17 years$33,424$27,975$23,291$19,302$15,931$11,071
18 years$31,239$25,850$21,262$17,395$14,165$9,590
19 years$29,285$23,957$19,464$15,718$12,625$8,324
20 years$27,529$22,262$17,863$14,236$11,277$7,238
21 years$25,943$20,737$16,431$12,920$10,092$6,303
22 years$24,502$19,357$15,144$11,747$9,046$5,495
23 years$23,189$18,104$13,983$10,698$8,120$4,797
24 years$21,987$16,962$12,931$9,757$7,299$4,191
25 years$20,883$15,918$11,977$8,911$6,568$3,665
26 years$19,866$14,961$11,108$8,148$5,916$3,207
27 years$18,925$14,080$10,315$7,458$5,334$2,808
28 years$18,053$13,267$9,589$6,833$4,813$2,460
29 years$17,243$12,516$8,923$6,266$4,346$2,156
30 years$16,488$11,820$8,312$5,751$3,927$1,891
31 years$15,783$11,174$7,749$5,281$3,550$1,659
32 years$15,124$10,573$7,230$4,854$3,211$1,456
33 years$14,506$10,013$6,751$4,463$2,906$1,278
34 years$13,925$9,490$6,307$4,107$2,631$1,122
35 years$13,379$9,001$5,897$3,781$2,383$985
36 years$12,865$8,543$5,516$3,482$2,159$865
37 years$12,379$8,114$5,163$3,208$1,957$760
38 years$11,920$7,711$4,835$2,957$1,774$668
39 years$11,486$7,333$4,530$2,726$1,609$587
40 years$11,074$6,976$4,246$2,515$1,459$516
41 years$10,683$6,641$3,981$2,320$1,324$453
42 years$10,312$6,325$3,735$2,141$1,201$398
43 years$9,960$6,026$3,504$1,977$1,090$350
44 years$9,624$5,744$3,290$1,825$990$308
45 years$9,304$5,477$3,089$1,685$898$271
46 years$8,999$5,225$2,901$1,557$816$238
47 years$8,708$4,987$2,726$1,438$741$209
48 years$8,429$4,760$2,561$1,329$673$184
49 years$8,163$4,546$2,407$1,228$611$162
50 years$7,908$4,342$2,263$1,135$555$142

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $8,100,000, adding $5,697 every year, while hoping to spend $46,287 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: 68/23/9 Blend
65$8,100,000$8,100,000$8,100,000$8,100,000
66$8,932,076$8,502,776$8,377,226$9,523,522
67$9,793,899$8,870,163$8,608,615$10,284,110
68$10,742,077$9,254,001$8,846,203$11,109,474
69$11,785,368$9,655,047$9,090,150$12,010,860
70$12,933,424$10,074,093$9,340,619$12,995,706
71$14,196,880$10,511,969$9,597,776$14,072,197
72$15,587,451$10,969,546$9,861,791$15,249,340
73$17,118,050$11,447,732$10,132,840$16,537,044
74$18,802,901$11,947,481$10,411,100$17,946,217
75$20,657,679$12,469,790$10,696,754$19,488,862
76$22,699,656$13,015,703$10,989,989$21,178,193
77$24,947,864$13,586,316$11,290,997$23,028,751
78$27,423,274$14,182,773$11,599,973$25,056,548
79$30,148,994$14,806,275$11,917,118$27,279,207
80$33,150,486$15,458,077$12,242,636$29,716,132
81$36,455,809$16,139,496$12,576,738$32,388,686
82$40,095,880$16,851,910$12,919,637$35,320,388
83$44,104,768$17,596,762$13,271,553$38,537,139
84$48,520,014$18,375,563$13,632,710$42,067,455
85$53,382,987$19,189,897$14,003,337$45,942,741
86$58,739,272$20,041,422$14,383,669$50,197,578
87$64,639,102$20,931,876$14,773,946$54,870,049
88$71,137,829$21,863,077$15,174,412$60,002,097
89$78,296,452$22,836,932$15,585,319$65,639,914
90$86,182,184$23,855,436$16,006,922$71,834,373
91$94,869,095$24,920,681$16,439,482$78,641,508
92$104,438,806$26,034,857$16,883,268$86,123,036
93$114,981,259$27,200,260$17,338,552$94,346,935
94$126,595,567$28,419,292$17,805,613$103,388,083
95$139,390,950$29,694,473$18,284,737$113,328,960
96$153,487,766$31,028,441$18,776,214$124,260,420
97$169,018,644$32,423,960$19,280,342$136,282,546
98$186,129,737$33,883,926$19,797,426$149,505,586
99$204,982,104$35,411,372$20,327,774$164,050,993
100$225,753,228$37,009,479$20,871,703$180,052,561