Can I retire at age 66 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$685,406$679,301$673,344$667,531$661,854$647,432
2 years$339,310$332,991$326,866$320,928$315,168$300,712
3 years$223,960$217,613$211,504$205,622$199,956$185,915
4 years$166,296$159,969$153,921$148,139$142,610$129,094
5 years$131,707$125,417$119,449$113,785$108,410$95,456
6 years$108,655$102,413$96,532$90,995$85,781$73,403
7 years$92,195$86,006$80,219$74,812$69,763$57,963
8 years$79,857$73,723$68,032$62,758$57,875$46,649
9 years$70,265$64,189$58,596$53,456$48,739$38,079
10 years$62,596$56,580$51,085$46,079$41,528$31,423
11 years$56,325$50,370$44,975$40,103$35,716$26,153
12 years$51,104$45,209$39,914$35,176$30,950$21,915
13 years$46,689$40,856$35,660$31,055$26,989$18,464
14 years$42,908$37,137$32,041$27,567$23,659$15,628
15 years$39,634$33,925$28,929$24,585$20,831$13,276
16 years$36,772$31,126$26,228$22,013$18,411$11,313
17 years$34,250$28,665$23,867$19,779$16,324$9,665
18 years$32,010$26,488$21,787$17,824$14,515$8,276
19 years$30,008$24,549$19,945$16,106$12,937$7,099
20 years$28,209$22,812$18,305$14,587$11,556$6,099
21 years$26,583$21,249$16,837$13,239$10,341$5,247
22 years$25,107$19,835$15,518$12,037$9,269$4,519
23 years$23,762$18,551$14,328$10,962$8,321$3,896
24 years$22,530$17,381$13,251$9,998$7,479$3,361
25 years$21,399$16,311$12,273$9,131$6,730$2,902
26 years$20,356$15,330$11,382$8,349$6,062$2,507
27 years$19,392$14,427$10,570$7,642$5,465$2,167
28 years$18,499$13,595$9,826$7,002$4,931$1,874
29 years$17,669$12,825$9,144$6,421$4,453$1,621
30 years$16,895$12,112$8,517$5,893$4,024$1,403
31 years$16,173$11,450$7,940$5,412$3,638$1,215
32 years$15,497$10,834$7,408$4,974$3,291$1,052
33 years$14,864$10,260$6,917$4,574$2,978$911
34 years$14,269$9,724$6,463$4,208$2,696$789
35 years$13,710$9,223$6,042$3,874$2,442$684
36 years$13,182$8,754$5,653$3,568$2,213$592
37 years$12,685$8,314$5,291$3,287$2,005$513
38 years$12,214$7,902$4,955$3,030$1,818$445
39 years$11,769$7,514$4,642$2,794$1,649$386
40 years$11,347$7,149$4,351$2,577$1,495$334
41 years$10,947$6,805$4,080$2,377$1,357$290
42 years$10,567$6,481$3,827$2,194$1,231$251
43 years$10,206$6,175$3,591$2,025$1,117$218
44 years$9,862$5,886$3,371$1,870$1,014$189
45 years$9,534$5,613$3,165$1,727$921$164
46 years$9,221$5,354$2,973$1,595$836$142
47 years$8,923$5,110$2,793$1,474$759$123
48 years$8,637$4,878$2,624$1,362$689$107
49 years$8,365$4,658$2,467$1,259$626$93
50 years$8,104$4,450$2,319$1,163$569$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $8,300,000, adding $3,100 every year, while hoping to spend $32,582 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: 44/35/21 Blend
65$8,300,000$8,300,000$8,300,000$8,300,000
66$9,149,798$8,709,898$8,581,248$9,496,603
67$10,048,410$9,102,016$8,834,052$10,133,771
68$11,037,589$9,512,255$9,094,234$10,820,567
69$12,126,537$9,941,470$9,362,006$11,564,357
70$13,325,397$10,390,555$9,637,586$12,370,432
71$14,645,342$10,860,447$9,921,199$13,244,604
72$16,098,685$11,352,127$10,213,077$14,193,254
73$17,698,993$11,866,623$10,513,458$15,223,391
74$19,461,218$12,405,015$10,822,586$16,342,712
75$21,401,833$12,968,432$11,140,713$17,559,674
76$23,538,991$13,558,056$11,468,098$18,883,570
77$25,892,695$14,175,128$11,805,007$20,324,613
78$28,484,989$14,820,948$12,151,713$21,894,027
79$31,340,160$15,496,877$12,508,498$23,604,151
80$34,484,974$16,204,342$12,875,651$25,468,549
81$37,948,925$16,944,839$13,253,469$27,502,135
82$41,764,514$17,719,934$13,642,258$29,721,311
83$45,967,553$18,531,270$14,042,333$32,144,113
84$50,597,509$19,380,567$14,454,017$34,790,380
85$55,697,871$20,269,630$14,877,642$37,681,932
86$61,316,560$21,200,349$15,313,550$40,842,774
87$67,506,388$22,174,705$15,762,092$44,299,318
88$74,325,548$23,194,773$16,223,630$48,080,620
89$81,838,167$24,262,731$16,698,535$52,218,655
90$90,114,913$25,380,857$17,187,189$56,748,608
91$99,233,658$26,551,544$17,689,984$61,709,201
92$109,280,217$27,777,295$18,207,324$67,143,051
93$120,349,154$29,060,737$18,739,624$73,097,064
94$132,544,676$30,404,622$19,287,310$79,622,872
95$145,981,619$31,811,834$19,850,821$86,777,311
96$160,786,527$33,285,397$20,430,607$94,622,947
97$177,098,852$34,828,481$21,027,131$103,228,663
98$195,072,265$36,444,407$21,640,870$112,670,292
99$214,876,111$38,136,657$22,272,314$123,031,333
100$236,697,002$39,908,881$22,921,964$134,403,719