Can I retire at age 66 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$710,180$703,854$697,682$691,658$685,776$660,132
2 years$351,574$345,026$338,681$332,528$326,560$301,018
3 years$232,055$225,479$219,149$213,054$207,183$182,546
4 years$172,307$165,751$159,484$153,493$147,765$124,221
5 years$136,467$129,951$123,766$117,898$112,328$89,938
6 years$112,582$106,114$100,022$94,284$88,882$67,661
7 years$95,528$89,115$83,118$77,516$72,285$52,228
8 years$82,743$76,388$70,491$65,026$59,967$41,056
9 years$72,804$66,509$60,714$55,388$50,501$32,709
10 years$64,858$58,625$52,932$47,745$43,029$26,324
11 years$58,361$52,190$46,600$41,552$37,007$21,352
12 years$52,951$46,843$41,357$36,447$32,069$17,425
13 years$48,376$42,332$36,949$32,177$27,965$14,290
14 years$44,459$38,479$33,199$28,563$24,514$11,765
15 years$41,066$35,151$29,974$25,473$21,584$9,716
16 years$38,101$32,251$27,176$22,809$19,076$8,045
17 years$35,488$29,702$24,729$20,493$16,914$6,675
18 years$33,167$27,446$22,575$18,469$15,039$5,548
19 years$31,093$25,436$20,666$16,688$13,405$4,618
20 years$29,229$23,637$18,966$15,114$11,973$3,849
21 years$27,544$22,017$17,445$13,717$10,715$3,210
22 years$26,015$20,552$16,078$12,472$9,604$2,680
23 years$24,621$19,222$14,846$11,359$8,621$2,239
24 years$23,344$18,009$13,730$10,360$7,749$1,871
25 years$22,172$16,901$12,716$9,461$6,973$1,565
26 years$21,092$15,884$11,794$8,651$6,281$1,309
27 years$20,093$14,949$10,952$7,918$5,663$1,096
28 years$19,168$14,086$10,181$7,255$5,110$917
29 years$18,307$13,289$9,474$6,653$4,614$768
30 years$17,506$12,550$8,825$6,106$4,169$643
31 years$16,758$11,864$8,227$5,607$3,769$538
32 years$16,058$11,225$7,676$5,153$3,409$451
33 years$15,401$10,631$7,167$4,739$3,086$378
34 years$14,785$10,076$6,697$4,360$2,794$317
35 years$14,205$9,556$6,261$4,014$2,530$265
36 years$13,659$9,070$5,857$3,697$2,293$222
37 years$13,143$8,615$5,482$3,406$2,078$186
38 years$12,656$8,187$5,134$3,139$1,884$156
39 years$12,195$7,785$4,810$2,895$1,708$131
40 years$11,758$7,407$4,508$2,670$1,549$110
41 years$11,343$7,051$4,227$2,463$1,406$92
42 years$10,949$6,715$3,965$2,273$1,276$77
43 years$10,575$6,398$3,721$2,099$1,158$65
44 years$10,218$6,099$3,493$1,938$1,051$54
45 years$9,878$5,816$3,279$1,790$954$45
46 years$9,554$5,548$3,080$1,653$866$38
47 years$9,245$5,294$2,894$1,527$786$32
48 years$8,950$5,054$2,719$1,411$714$27
49 years$8,667$4,826$2,556$1,304$649$22
50 years$8,397$4,610$2,403$1,205$589$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $8,600,000, adding $2,193 every year, while hoping to spend $24,312 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: 58/14/28 Blend
65$8,600,000$8,600,000$8,600,000$8,600,000
66$9,479,462$9,023,662$8,890,362$9,956,630
67$10,420,499$9,439,954$9,162,321$10,700,061
68$11,456,708$9,875,829$9,442,577$11,507,538
69$12,597,769$10,332,221$9,731,380$12,387,522
70$13,854,351$10,810,110$10,028,991$13,347,050
71$15,238,211$11,310,521$10,335,678$14,393,864
72$16,762,301$11,834,530$10,651,716$15,536,483
73$18,440,898$12,383,263$10,977,390$16,784,277
74$20,289,729$12,957,903$11,312,993$18,147,558
75$22,326,129$13,559,689$11,658,826$19,637,675
76$24,569,198$14,189,917$12,015,200$21,267,117
77$27,039,983$14,849,949$12,382,436$23,049,628
78$29,761,676$15,541,212$12,760,862$25,000,337
79$32,759,836$16,265,200$13,150,820$27,135,898
80$36,062,626$17,023,481$13,552,659$29,474,644
81$39,701,081$17,817,699$13,966,741$32,036,757
82$43,709,401$18,649,576$14,393,436$34,844,456
83$48,125,272$19,520,917$14,833,128$37,922,205
84$52,990,223$20,433,616$15,286,212$41,296,940
85$58,350,019$21,389,656$15,753,093$44,998,321
86$64,255,090$22,391,118$16,234,190$49,059,009
87$70,761,009$23,440,183$16,729,936$53,514,967
88$77,929,017$24,539,137$17,240,774$58,405,804
89$85,826,599$25,690,377$17,767,162$63,775,138
90$94,528,122$26,896,415$18,309,572$69,671,006
91$104,115,537$28,159,887$18,868,489$76,146,317
92$114,679,154$29,483,553$19,444,416$83,259,343
93$126,318,490$30,870,310$20,037,866$91,074,266
94$139,143,214$32,323,193$20,649,372$99,661,782
95$153,274,177$33,845,384$21,279,481$109,099,760
96$168,844,556$35,440,221$21,928,757$119,473,975
97$186,001,111$37,111,202$22,597,781$130,878,912
98$204,905,568$38,861,995$23,287,150$143,418,653
99$225,736,149$40,696,446$23,997,483$157,207,851
100$248,689,251$42,618,587$24,729,413$172,372,813