Can I retire at age 66 with 8,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$677,148$671,117$665,232$659,488$653,880$637,813
2 years$335,222$328,979$322,928$317,062$311,371$295,284
3 years$221,261$214,991$208,956$203,144$197,547$181,941
4 years$164,292$158,041$152,066$146,354$140,892$125,888
5 years$130,120$123,906$118,010$112,414$107,104$92,744
6 years$107,345$101,179$95,369$89,898$84,748$71,046
7 years$91,085$84,970$79,252$73,910$68,922$55,881
8 years$78,894$72,835$67,212$62,002$57,178$44,790
9 years$69,418$63,416$57,890$52,812$48,152$36,408
10 years$61,842$55,898$50,470$45,524$41,028$29,914
11 years$55,647$49,763$44,433$39,620$35,285$24,786
12 years$50,488$44,664$39,433$34,752$30,578$20,675
13 years$46,126$40,363$35,231$30,681$26,664$17,338
14 years$42,391$36,689$31,655$27,235$23,374$14,605
15 years$39,156$33,516$28,580$24,289$20,580$12,346
16 years$36,329$30,751$25,912$21,748$18,189$10,469
17 years$33,837$28,320$23,579$19,540$16,127$8,899
18 years$31,624$26,169$21,525$17,610$14,340$7,580
19 years$29,647$24,253$19,705$15,912$12,781$6,468
20 years$27,869$22,537$18,084$14,411$11,416$5,528
21 years$26,263$20,993$16,634$13,079$10,216$4,730
22 years$24,805$19,596$15,331$11,892$9,158$4,052
23 years$23,475$18,328$14,155$10,830$8,220$3,474
24 years$22,259$17,172$13,091$9,878$7,389$2,981
25 years$21,141$16,115$12,125$9,021$6,649$2,559
26 years$20,111$15,145$11,245$8,248$5,989$2,199
27 years$19,159$14,254$10,442$7,550$5,400$1,890
28 years$18,276$13,431$9,707$6,917$4,872$1,625
29 years$17,456$12,671$9,034$6,343$4,399$1,398
30 years$16,692$11,966$8,414$5,822$3,975$1,203
31 years$15,978$11,312$7,845$5,347$3,594$1,035
32 years$15,311$10,703$7,319$4,914$3,251$891
33 years$14,685$10,136$6,834$4,519$2,942$767
34 years$14,097$9,607$6,385$4,157$2,664$661
35 years$13,544$9,112$5,970$3,827$2,413$569
36 years$13,023$8,649$5,585$3,525$2,186$490
37 years$12,532$8,214$5,227$3,248$1,981$422
38 years$12,067$7,806$4,895$2,993$1,796$364
39 years$11,627$7,423$4,586$2,760$1,629$314
40 years$11,211$7,062$4,298$2,546$1,477$270
41 years$10,815$6,723$4,031$2,349$1,340$233
42 years$10,440$6,403$3,781$2,168$1,216$201
43 years$10,083$6,100$3,548$2,001$1,104$173
44 years$9,743$5,815$3,330$1,848$1,002$149
45 years$9,419$5,545$3,127$1,706$910$128
46 years$9,110$5,290$2,937$1,576$826$111
47 years$8,815$5,048$2,759$1,456$750$95
48 years$8,533$4,819$2,593$1,346$681$82
49 years$8,264$4,602$2,437$1,244$619$71
50 years$8,006$4,396$2,291$1,149$562$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $8,200,000, adding $3,271 every year, while hoping to spend $20,163 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: 54/41/5 Blend
65$8,200,000$8,200,000$8,200,000$8,200,000
66$9,039,774$8,605,174$8,478,074$9,518,233
67$9,940,378$9,005,374$8,740,636$10,241,762
68$10,932,167$9,424,509$9,011,319$11,026,261
69$12,024,422$9,863,483$9,290,372$11,879,513
70$13,227,368$10,323,249$9,578,054$12,808,024
71$14,552,273$10,804,801$9,874,632$13,818,941
72$16,011,553$11,309,185$10,180,380$14,920,118
73$17,618,890$11,837,494$10,495,582$16,120,182
74$19,389,362$12,390,876$10,820,529$17,428,613
75$21,339,582$12,970,534$11,155,522$18,855,830
76$23,487,859$13,577,730$11,500,871$20,413,288
77$25,854,367$14,213,785$11,856,897$22,113,576
78$28,461,336$14,880,084$12,223,927$23,970,538
79$31,333,267$15,578,082$12,602,302$25,999,394
80$34,497,153$16,309,302$12,992,373$28,216,882
81$37,982,745$17,075,340$13,394,500$30,641,411
82$41,822,824$17,877,870$13,809,054$33,293,227
83$46,053,515$18,718,649$14,236,420$36,194,604
84$50,714,626$19,599,516$14,676,993$39,370,042
85$55,850,026$20,522,400$15,131,180$42,846,497
86$61,508,055$21,489,324$15,599,402$46,653,628
87$67,741,986$22,502,410$16,082,091$50,824,070
88$74,610,520$23,563,880$16,579,693$55,393,735
89$82,178,349$24,676,066$17,092,668$60,402,147
90$90,516,760$25,841,412$17,621,492$65,892,801
91$99,704,309$27,062,481$18,166,652$71,913,575
92$109,827,566$28,341,960$18,728,652$78,517,164
93$120,981,928$29,682,666$19,308,012$85,761,577
94$133,272,521$31,087,553$19,905,266$93,710,671
95$146,815,193$32,559,718$20,520,968$102,434,744
96$161,737,608$34,102,409$21,155,685$112,011,193
97$178,180,447$35,719,031$21,810,004$122,525,231
98$196,298,743$37,413,154$22,484,529$134,070,679
99$216,263,337$39,188,521$23,179,884$146,750,846
100$238,262,497$41,049,058$23,896,709$160,679,486