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%14.3%
1 years$710,180$703,854$697,682$691,658$685,776$673,584
2 years$351,574$345,026$338,681$332,528$326,560$314,318
3 years$232,055$225,479$219,149$213,054$207,183$195,273
4 years$172,307$165,751$159,484$153,493$147,765$136,278
5 years$136,467$129,951$123,766$117,898$112,328$101,298
6 years$112,582$106,114$100,022$94,284$88,882$78,320
7 years$95,528$89,115$83,118$77,516$72,285$62,195
8 years$82,743$76,388$70,491$65,026$59,967$50,346
9 years$72,804$66,509$60,714$55,388$50,501$41,344
10 years$64,858$58,625$52,932$47,745$43,029$34,328
11 years$58,361$52,190$46,600$41,552$37,007$28,751
12 years$52,951$46,843$41,357$36,447$32,069$24,249
13 years$48,376$42,332$36,949$32,177$27,965$20,567
14 years$44,459$38,479$33,199$28,563$24,514$17,526
15 years$41,066$35,151$29,974$25,473$21,584$14,992
16 years$38,101$32,251$27,176$22,809$19,076$12,866
17 years$35,488$29,702$24,729$20,493$16,914$11,071
18 years$33,167$27,446$22,575$18,469$15,039$9,549
19 years$31,093$25,436$20,666$16,688$13,405$8,252
20 years$29,229$23,637$18,966$15,114$11,973$7,143
21 years$27,544$22,017$17,445$13,717$10,715$6,192
22 years$26,015$20,552$16,078$12,472$9,604$5,374
23 years$24,621$19,222$14,846$11,359$8,621$4,669
24 years$23,344$18,009$13,730$10,360$7,749$4,060
25 years$22,172$16,901$12,716$9,461$6,973$3,534
26 years$21,092$15,884$11,794$8,651$6,281$3,077
27 years$20,093$14,949$10,952$7,918$5,663$2,682
28 years$19,168$14,086$10,181$7,255$5,110$2,338
29 years$18,307$13,289$9,474$6,653$4,614$2,039
30 years$17,506$12,550$8,825$6,106$4,169$1,779
31 years$16,758$11,864$8,227$5,607$3,769$1,553
32 years$16,058$11,225$7,676$5,153$3,409$1,356
33 years$15,401$10,631$7,167$4,739$3,086$1,184
34 years$14,785$10,076$6,697$4,360$2,794$1,035
35 years$14,205$9,556$6,261$4,014$2,530$904
36 years$13,659$9,070$5,857$3,697$2,293$790
37 years$13,143$8,615$5,482$3,406$2,078$690
38 years$12,656$8,187$5,134$3,139$1,884$604
39 years$12,195$7,785$4,810$2,895$1,708$528
40 years$11,758$7,407$4,508$2,670$1,549$461
41 years$11,343$7,051$4,227$2,463$1,406$403
42 years$10,949$6,715$3,965$2,273$1,276$353
43 years$10,575$6,398$3,721$2,099$1,158$308
44 years$10,218$6,099$3,493$1,938$1,051$270
45 years$9,878$5,816$3,279$1,790$954$236
46 years$9,554$5,548$3,080$1,653$866$206
47 years$9,245$5,294$2,894$1,527$786$180
48 years$8,950$5,054$2,719$1,411$714$158
49 years$8,667$4,826$2,556$1,304$649$138
50 years$8,397$4,610$2,403$1,205$589$121

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 $3,166 every year, while hoping to spend $29,838 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: 27/45/28 Blend
65$8,600,000$8,600,000$8,600,000$8,600,000
66$9,480,466$9,024,666$8,891,366$9,653,702
67$10,415,726$9,435,127$9,157,479$10,204,810
68$11,445,382$9,864,701$9,431,507$10,793,312
69$12,579,032$10,314,292$9,713,684$11,424,565
70$13,827,251$10,784,849$10,004,249$12,102,233
71$15,201,690$11,277,366$10,303,451$12,830,324
72$16,715,189$11,792,885$10,611,544$13,613,223
73$18,381,898$12,332,495$10,928,790$14,455,733
74$20,217,407$12,897,343$11,255,459$15,363,109
75$22,238,895$13,488,625$11,591,830$16,341,109
76$24,465,293$14,107,598$11,938,187$17,396,042
77$26,917,461$14,755,579$12,294,825$18,534,822
78$29,618,387$15,433,948$12,662,046$19,765,026
79$32,593,401$16,144,150$13,040,163$21,094,965
80$35,870,416$16,887,700$13,429,496$22,533,752
81$39,480,189$17,666,188$13,830,375$24,091,384
82$43,456,615$18,481,279$14,243,140$25,778,830
83$47,837,044$19,334,716$14,668,139$27,608,128
84$52,662,635$20,228,329$15,105,734$29,592,492
85$57,978,741$21,164,035$15,556,294$31,746,430
86$63,835,343$22,143,843$16,020,200$34,085,869
87$70,287,515$23,169,858$16,497,844$36,628,306
88$77,395,950$24,244,289$16,989,629$39,392,957
89$85,227,526$25,369,449$17,495,972$42,400,935
90$93,855,945$26,547,763$18,017,298$45,675,436
91$103,362,421$27,781,774$18,554,047$49,241,952
92$113,836,454$29,074,146$19,106,673$53,128,503
93$125,376,666$30,427,672$19,675,640$57,365,886
94$138,091,739$31,845,282$20,261,428$61,987,959
95$152,101,440$33,330,045$20,864,529$67,031,949
96$167,537,747$34,885,177$21,485,451$72,538,791
97$184,546,099$36,514,053$22,124,716$78,553,502
98$203,286,768$38,220,207$22,782,860$85,125,594
99$223,936,369$40,007,348$23,460,437$92,309,528
100$246,689,531$41,879,361$24,158,014$100,165,212