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%14.2%
1 years$668,890$662,932$657,119$651,446$645,905$634,683
2 years$331,134$324,967$318,990$313,195$307,574$296,304
3 years$218,563$212,369$206,408$200,667$195,138$184,171
4 years$162,289$156,114$150,212$144,569$139,174$128,595
5 years$128,533$122,395$116,571$111,043$105,798$95,637
6 years$106,036$99,945$94,206$88,802$83,714$73,983
7 years$89,974$83,934$78,286$73,009$68,082$58,784
8 years$77,932$71,947$66,393$61,245$56,481$47,613
9 years$68,572$62,642$57,184$52,168$47,565$39,123
10 years$61,087$55,216$49,854$44,969$40,528$32,504
11 years$54,968$49,156$43,891$39,136$34,855$27,240
12 years$49,872$44,120$38,952$34,328$30,205$22,989
13 years$45,564$39,871$34,801$30,306$26,339$19,512
14 years$41,874$36,242$31,269$26,903$23,089$16,638
15 years$38,679$33,108$28,232$23,992$20,329$14,242
16 years$35,886$30,376$25,596$21,483$17,967$12,231
17 years$33,424$27,975$23,291$19,302$15,931$10,532
18 years$31,239$25,850$21,262$17,395$14,165$9,091
19 years$29,285$23,957$19,464$15,718$12,625$7,862
20 years$27,529$22,262$17,863$14,236$11,277$6,810
21 years$25,943$20,737$16,431$12,920$10,092$5,908
22 years$24,502$19,357$15,144$11,747$9,046$5,131
23 years$23,189$18,104$13,983$10,698$8,120$4,462
24 years$21,987$16,962$12,931$9,757$7,299$3,883
25 years$20,883$15,918$11,977$8,911$6,568$3,382
26 years$19,866$14,961$11,108$8,148$5,916$2,948
27 years$18,925$14,080$10,315$7,458$5,334$2,571
28 years$18,053$13,267$9,589$6,833$4,813$2,243
29 years$17,243$12,516$8,923$6,266$4,346$1,958
30 years$16,488$11,820$8,312$5,751$3,927$1,710
31 years$15,783$11,174$7,749$5,281$3,550$1,494
32 years$15,124$10,573$7,230$4,854$3,211$1,305
33 years$14,506$10,013$6,751$4,463$2,906$1,141
34 years$13,925$9,490$6,307$4,107$2,631$998
35 years$13,379$9,001$5,897$3,781$2,383$872
36 years$12,865$8,543$5,516$3,482$2,159$763
37 years$12,379$8,114$5,163$3,208$1,957$667
38 years$11,920$7,711$4,835$2,957$1,774$584
39 years$11,486$7,333$4,530$2,726$1,609$511
40 years$11,074$6,976$4,246$2,515$1,459$447
41 years$10,683$6,641$3,981$2,320$1,324$391
42 years$10,312$6,325$3,735$2,141$1,201$342
43 years$9,960$6,026$3,504$1,977$1,090$300
44 years$9,624$5,744$3,290$1,825$990$262
45 years$9,304$5,477$3,089$1,685$898$230
46 years$8,999$5,225$2,901$1,557$816$201
47 years$8,708$4,987$2,726$1,438$741$176
48 years$8,429$4,760$2,561$1,329$673$154
49 years$8,163$4,546$2,407$1,228$611$135
50 years$7,908$4,342$2,263$1,135$555$118

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 $6,281 every year, while hoping to spend $51,905 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: 71/12/17 Blend
65$8,100,000$8,100,000$8,100,000$8,100,000
66$8,932,679$8,503,379$8,377,829$9,530,910
67$9,788,586$8,864,818$8,603,260$10,290,877
68$10,730,055$9,242,228$8,834,503$11,115,784
69$11,765,760$9,636,336$9,071,698$12,017,576
70$12,905,256$10,047,905$9,314,988$13,003,849
71$14,159,072$10,477,732$9,564,520$14,082,967
72$15,538,807$10,926,651$9,820,441$15,264,139
73$17,057,243$11,395,535$10,082,904$16,557,501
74$18,728,465$11,885,299$10,352,064$17,974,216
75$20,567,990$12,396,900$10,628,080$19,526,574
76$22,592,917$12,931,340$10,911,112$21,228,107
77$24,822,086$13,489,668$11,201,327$23,093,719
78$27,276,259$14,072,982$11,498,891$25,139,820
79$29,978,311$14,682,431$11,803,977$27,384,484
80$32,953,448$15,319,219$12,116,759$29,847,616
81$36,229,445$15,984,606$12,437,416$32,551,137
82$39,836,908$16,679,912$12,766,130$35,519,193
83$43,809,563$17,406,518$13,103,085$38,778,376
84$48,184,571$18,165,870$13,448,471$42,357,980
85$53,002,882$18,959,483$13,802,480$46,290,268
86$58,309,621$19,788,942$14,165,308$50,610,782
87$64,154,512$20,655,909$14,537,155$55,358,670
88$70,592,346$21,562,123$14,918,224$60,577,058
89$77,683,503$22,509,405$15,308,722$66,313,454
90$85,494,516$23,499,661$15,708,860$72,620,191
91$94,098,702$24,534,890$16,118,853$79,554,925
92$103,576,854$25,617,184$16,538,918$87,181,170
93$114,017,999$26,748,732$16,969,278$95,568,900
94$125,520,245$27,931,830$17,410,159$104,795,203
95$138,191,701$29,168,880$17,861,790$114,945,011
96$152,151,499$30,462,401$18,324,405$126,111,892
97$167,530,921$31,815,027$18,798,241$138,398,938
98$184,474,633$33,229,521$19,283,540$151,919,728
99$203,142,053$34,708,776$19,780,547$166,799,404
100$223,708,857$36,255,820$20,289,510$183,175,841