Can I retire at age 66 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$718,438$712,038$705,795$699,701$693,750$674,790
2 years$355,662$349,038$342,619$336,395$330,357$311,394
3 years$234,753$228,100$221,697$215,531$209,592$191,219
4 years$174,310$167,678$161,339$155,278$149,483$131,841
5 years$138,054$131,462$125,205$119,269$113,635$96,772
6 years$113,891$107,348$101,185$95,380$89,915$73,849
7 years$96,638$90,151$84,085$78,417$73,125$57,855
8 years$83,705$77,276$71,311$65,782$60,664$46,183
9 years$73,651$67,283$61,420$56,032$51,088$37,382
10 years$65,612$59,306$53,547$48,300$43,530$30,581
11 years$59,040$52,797$47,142$42,035$37,437$25,225
12 years$53,566$47,388$41,837$36,871$32,442$20,944
13 years$48,939$42,825$37,379$32,551$28,290$17,482
14 years$44,976$38,926$33,585$28,895$24,799$14,655
15 years$41,544$35,560$30,323$25,770$21,835$12,329
16 years$38,544$32,626$27,492$23,074$19,298$10,401
17 years$35,900$30,047$25,017$20,732$17,111$8,797
18 years$33,553$27,765$22,837$18,683$15,214$7,455
19 years$31,454$25,732$20,906$16,882$13,561$6,328
20 years$29,569$23,911$19,187$15,290$12,113$5,379
21 years$27,864$22,273$17,648$13,877$10,839$4,578
22 years$26,317$20,791$16,265$12,617$9,716$3,900
23 years$24,907$19,445$15,018$11,491$8,722$3,326
24 years$23,616$18,219$13,889$10,480$7,839$2,838
25 years$22,430$17,097$12,864$9,571$7,054$2,423
26 years$21,337$16,069$11,931$8,751$6,354$2,070
27 years$20,327$15,123$11,079$8,010$5,729$1,769
28 years$19,390$14,250$10,299$7,339$5,169$1,512
29 years$18,520$13,443$9,584$6,730$4,668$1,294
30 years$17,709$12,696$8,928$6,177$4,217$1,107
31 years$16,953$12,002$8,323$5,673$3,813$947
32 years$16,244$11,356$7,765$5,213$3,449$810
33 years$15,580$10,754$7,251$4,794$3,121$694
34 years$14,957$10,193$6,775$4,411$2,826$594
35 years$14,370$9,668$6,334$4,061$2,560$509
36 years$13,818$9,176$5,925$3,740$2,319$436
37 years$13,296$8,715$5,546$3,446$2,102$373
38 years$12,803$8,282$5,193$3,176$1,906$319
39 years$12,336$7,876$4,866$2,928$1,728$274
40 years$11,894$7,493$4,561$2,701$1,567$234
41 years$11,475$7,133$4,276$2,492$1,422$201
42 years$11,076$6,793$4,011$2,300$1,290$172
43 years$10,697$6,472$3,764$2,123$1,171$147
44 years$10,337$6,169$3,533$1,960$1,063$126
45 years$9,993$5,883$3,318$1,810$965$108
46 years$9,665$5,612$3,116$1,672$876$93
47 years$9,353$5,356$2,927$1,545$796$79
48 years$9,054$5,113$2,751$1,428$723$68
49 years$8,768$4,883$2,586$1,319$656$58
50 years$8,494$4,664$2,431$1,219$596$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $8,700,000, adding $4,563 every year, while hoping to spend $49,397 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: 54/33/13 Blend
65$8,700,000$8,700,000$8,700,000$8,700,000
66$9,592,107$9,131,007$8,996,157$10,077,274
67$10,517,944$9,525,868$9,244,970$10,802,669
68$11,536,560$9,938,422$9,500,463$11,586,093
69$12,657,368$10,369,483$9,762,807$12,437,660
70$13,890,737$10,819,905$10,032,178$13,363,861
71$15,248,092$11,290,581$10,308,756$14,371,826
72$16,742,023$11,782,445$10,592,726$15,469,398
73$18,386,402$12,296,477$10,884,274$16,665,195
74$20,196,514$12,833,703$11,183,596$17,968,694
75$22,189,200$13,395,196$11,490,888$19,390,315
76$24,383,018$13,982,080$11,806,352$20,941,518
77$26,798,416$14,595,533$12,130,196$22,634,908
78$29,457,928$15,236,788$12,462,631$24,484,349
79$32,386,382$15,907,135$12,803,874$26,505,091
80$35,611,135$16,607,927$13,154,146$28,713,913
81$39,162,336$17,340,581$13,513,675$31,129,276
82$43,073,204$18,106,579$13,882,693$33,771,493
83$47,380,343$18,907,474$14,261,436$36,662,917
84$52,124,092$19,744,894$14,650,148$39,828,148
85$57,348,898$20,620,542$15,049,076$43,294,259
86$63,103,741$21,536,204$15,458,476$47,091,049
87$69,442,594$22,493,749$15,878,606$51,251,319
88$76,424,931$23,495,135$16,309,732$55,811,174
89$84,116,291$24,542,414$16,752,125$60,810,363
90$92,588,894$25,637,734$17,206,062$66,292,643
91$101,922,324$26,783,346$17,671,828$72,306,191
92$112,204,279$27,981,608$18,149,712$78,904,048
93$123,531,398$29,234,990$18,640,011$86,144,620
94$136,010,176$30,546,079$19,143,026$94,092,213
95$149,757,964$31,917,587$19,659,068$102,817,644
96$164,904,081$33,352,353$20,188,451$112,398,892
97$181,591,032$34,853,354$20,731,499$122,921,833
98$199,975,855$36,423,705$21,288,542$134,481,041
99$220,231,599$38,066,674$21,859,915$147,180,670
100$242,548,963$39,785,682$22,445,963$161,135,431