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

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$677,148$671,117$665,232$659,488$653,880$639,371
2 years$335,222$328,979$322,928$317,062$311,371$296,830
3 years$221,261$214,991$208,956$203,144$197,547$183,426
4 years$164,292$158,041$152,066$146,354$140,892$127,301
5 years$130,120$123,906$118,010$112,414$107,104$94,081
6 years$107,345$101,179$95,369$89,898$84,748$72,306
7 years$91,085$84,970$79,252$73,910$68,922$57,065
8 years$78,894$72,835$67,212$62,002$57,178$45,900
9 years$69,418$63,416$57,890$52,812$48,152$37,445
10 years$61,842$55,898$50,470$45,524$41,028$30,881
11 years$55,647$49,763$44,433$39,620$35,285$25,685
12 years$50,488$44,664$39,433$34,752$30,578$21,508
13 years$46,126$40,363$35,231$30,681$26,664$18,110
14 years$42,391$36,689$31,655$27,235$23,374$15,317
15 years$39,156$33,516$28,580$24,289$20,580$13,003
16 years$36,329$30,751$25,912$21,748$18,189$11,073
17 years$33,837$28,320$23,579$19,540$16,127$9,453
18 years$31,624$26,169$21,525$17,610$14,340$8,088
19 years$29,647$24,253$19,705$15,912$12,781$6,933
20 years$27,869$22,537$18,084$14,411$11,416$5,952
21 years$26,263$20,993$16,634$13,079$10,216$5,116
22 years$24,805$19,596$15,331$11,892$9,158$4,403
23 years$23,475$18,328$14,155$10,830$8,220$3,793
24 years$22,259$17,172$13,091$9,878$7,389$3,270
25 years$21,141$16,115$12,125$9,021$6,649$2,821
26 years$20,111$15,145$11,245$8,248$5,989$2,435
27 years$19,159$14,254$10,442$7,550$5,400$2,103
28 years$18,276$13,431$9,707$6,917$4,872$1,817
29 years$17,456$12,671$9,034$6,343$4,399$1,571
30 years$16,692$11,966$8,414$5,822$3,975$1,358
31 years$15,978$11,312$7,845$5,347$3,594$1,175
32 years$15,311$10,703$7,319$4,914$3,251$1,017
33 years$14,685$10,136$6,834$4,519$2,942$880
34 years$14,097$9,607$6,385$4,157$2,664$761
35 years$13,544$9,112$5,970$3,827$2,413$659
36 years$13,023$8,649$5,585$3,525$2,186$571
37 years$12,532$8,214$5,227$3,248$1,981$494
38 years$12,067$7,806$4,895$2,993$1,796$428
39 years$11,627$7,423$4,586$2,760$1,629$371
40 years$11,211$7,062$4,298$2,546$1,477$321
41 years$10,815$6,723$4,031$2,349$1,340$278
42 years$10,440$6,403$3,781$2,168$1,216$241
43 years$10,083$6,100$3,548$2,001$1,104$209
44 years$9,743$5,815$3,330$1,848$1,002$181
45 years$9,419$5,545$3,127$1,706$910$157
46 years$9,110$5,290$2,937$1,576$826$136
47 years$8,815$5,048$2,759$1,456$750$118
48 years$8,533$4,819$2,593$1,346$681$102
49 years$8,264$4,602$2,437$1,244$619$88
50 years$8,006$4,396$2,291$1,149$562$76

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 $2,818 every year, while hoping to spend $59,638 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: 70/12/18 Blend
65$8,200,000$8,200,000$8,200,000$8,200,000
66$9,039,307$8,604,707$8,477,607$9,632,929
67$9,897,862$8,962,883$8,698,152$10,386,862
68$10,841,990$9,336,611$8,924,087$11,204,405
69$11,880,358$9,726,590$9,155,529$12,097,719
70$13,022,513$10,133,551$9,392,598$13,074,285
71$14,278,974$10,558,260$9,635,414$14,142,335
72$15,661,331$11,001,516$9,884,102$15,310,935
73$17,182,355$11,464,159$10,138,788$16,590,063
74$18,856,115$11,947,062$10,399,597$17,990,709
75$20,698,116$12,451,145$10,666,660$19,524,970
76$22,725,438$12,977,366$10,940,108$21,206,171
77$24,956,906$13,526,730$11,220,074$23,048,981
78$27,413,257$14,100,286$11,506,694$25,069,556
79$30,117,345$14,699,136$11,800,104$27,285,690
80$33,094,349$15,324,429$12,100,442$29,716,977
81$36,372,017$15,977,370$12,407,851$32,384,999
82$39,980,921$16,659,220$12,722,473$35,313,525
83$43,954,751$17,371,297$13,044,451$38,528,736
84$48,330,628$18,114,983$13,373,933$42,059,470
85$53,149,458$18,891,723$13,711,066$45,937,490
86$58,456,316$19,703,031$14,055,999$50,197,787
87$64,300,870$20,550,489$14,408,885$54,878,901
88$70,737,851$21,435,756$14,769,876$60,023,291
89$77,827,571$22,360,567$15,139,126$65,677,727
90$85,636,489$23,326,740$15,516,791$71,893,734
91$94,237,836$24,336,176$15,903,030$78,728,073
92$103,712,313$25,390,866$16,297,999$86,243,276
93$114,148,847$26,492,897$16,701,860$94,508,234
94$125,645,431$27,644,450$17,114,773$103,598,843
95$138,310,048$28,847,811$17,536,902$113,598,721
96$152,261,693$30,105,373$17,968,408$124,599,992
97$167,631,492$31,419,643$18,409,456$136,704,152
98$184,563,942$32,793,244$18,860,211$150,023,030
99$203,218,275$34,228,924$19,320,838$164,679,831
100$223,769,957$35,729,559$19,791,505$180,810,306