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

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$718,438$712,038$705,795$699,701$693,750$679,188
2 years$355,662$349,038$342,619$336,395$330,357$315,754
3 years$234,753$228,100$221,697$215,531$209,592$195,405
4 years$174,310$167,678$161,339$155,278$149,483$135,820
5 years$138,054$131,462$125,205$119,269$113,635$100,535
6 years$113,891$107,348$101,185$95,380$89,915$77,393
7 years$96,638$90,151$84,085$78,417$73,125$61,182
8 years$83,705$77,276$71,311$65,782$60,664$49,298
9 years$73,651$67,283$61,420$56,032$51,088$40,290
10 years$65,612$59,306$53,547$48,300$43,530$33,288
11 years$59,040$52,797$47,142$42,035$37,437$27,740
12 years$53,566$47,388$41,837$36,871$32,442$23,275
13 years$48,939$42,825$37,379$32,551$28,290$19,637
14 years$44,976$38,926$33,585$28,895$24,799$16,643
15 years$41,544$35,560$30,323$25,770$21,835$14,158
16 years$38,544$32,626$27,492$23,074$19,298$12,082
17 years$35,900$30,047$25,017$20,732$17,111$10,337
18 years$33,553$27,765$22,837$18,683$15,214$8,864
19 years$31,454$25,732$20,906$16,882$13,561$7,614
20 years$29,569$23,911$19,187$15,290$12,113$6,552
21 years$27,864$22,273$17,648$13,877$10,839$5,645
22 years$26,317$20,791$16,265$12,617$9,716$4,869
23 years$24,907$19,445$15,018$11,491$8,722$4,204
24 years$23,616$18,219$13,889$10,480$7,839$3,633
25 years$22,430$17,097$12,864$9,571$7,054$3,142
26 years$21,337$16,069$11,931$8,751$6,354$2,719
27 years$20,327$15,123$11,079$8,010$5,729$2,354
28 years$19,390$14,250$10,299$7,339$5,169$2,039
29 years$18,520$13,443$9,584$6,730$4,668$1,767
30 years$17,709$12,696$8,928$6,177$4,217$1,532
31 years$16,953$12,002$8,323$5,673$3,813$1,328
32 years$16,244$11,356$7,765$5,213$3,449$1,152
33 years$15,580$10,754$7,251$4,794$3,121$999
34 years$14,957$10,193$6,775$4,411$2,826$867
35 years$14,370$9,668$6,334$4,061$2,560$752
36 years$13,818$9,176$5,925$3,740$2,319$653
37 years$13,296$8,715$5,546$3,446$2,102$567
38 years$12,803$8,282$5,193$3,176$1,906$492
39 years$12,336$7,876$4,866$2,928$1,728$427
40 years$11,894$7,493$4,561$2,701$1,567$371
41 years$11,475$7,133$4,276$2,492$1,422$322
42 years$11,076$6,793$4,011$2,300$1,290$280
43 years$10,697$6,472$3,764$2,123$1,171$243
44 years$10,337$6,169$3,533$1,960$1,063$211
45 years$9,993$5,883$3,318$1,810$965$183
46 years$9,665$5,612$3,116$1,672$876$159
47 years$9,353$5,356$2,927$1,545$796$138
48 years$9,054$5,113$2,751$1,428$723$120
49 years$8,768$4,883$2,586$1,319$656$104
50 years$8,494$4,664$2,431$1,219$596$91

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 $4,046 every year, while hoping to spend $22,082 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: 62/15/23 Blend
65$8,700,000$8,700,000$8,700,000$8,700,000
66$9,591,573$9,130,473$8,995,623$10,128,005
67$10,546,419$9,554,372$9,273,482$10,915,308
68$11,597,918$9,998,301$9,559,908$11,771,730
69$12,755,908$10,463,219$9,855,167$12,706,313
70$14,031,224$10,950,130$10,159,529$13,726,686
71$15,435,811$11,460,089$10,473,275$14,841,240
72$16,982,827$11,994,197$10,796,693$16,059,210
73$18,686,775$12,553,612$11,130,082$17,390,755
74$20,563,634$13,139,547$11,473,748$18,847,058
75$22,631,014$13,753,274$11,828,007$20,440,425
76$24,908,317$14,396,124$12,193,185$22,184,402
77$27,416,927$15,069,496$12,569,619$24,093,896
78$30,180,406$15,774,854$12,957,654$26,185,321
79$33,224,719$16,513,733$13,357,646$28,476,741
80$36,578,478$17,287,744$13,769,965$30,988,049
81$40,273,213$18,098,573$14,194,989$33,741,140
82$44,343,669$18,947,991$14,633,109$36,760,127
83$48,828,132$19,837,852$15,084,727$40,071,555
84$53,768,795$20,770,100$15,550,259$43,704,658
85$59,212,152$21,746,774$16,030,132$47,691,623
86$65,209,437$22,770,013$16,524,788$52,067,898
87$71,817,112$23,842,055$17,034,681$56,872,520
88$79,097,393$24,965,252$17,560,278$62,148,480
89$87,118,844$26,142,066$18,102,064$67,943,123
90$95,957,018$27,375,079$18,660,535$74,308,598
91$105,695,176$28,667,000$19,236,205$81,302,339
92$116,425,068$30,020,666$19,829,602$88,987,605
93$128,247,801$31,439,056$20,441,270$97,434,075
94$141,274,796$32,925,289$21,071,772$106,718,501
95$155,628,835$34,482,637$21,721,686$116,925,425
96$171,445,222$36,114,532$22,391,608$128,147,974
97$188,873,061$37,824,571$23,082,153$140,488,734
98$208,076,663$39,616,525$23,793,955$154,060,712
99$229,237,096$41,494,348$24,527,667$168,988,401
100$252,553,898$43,462,189$25,283,961$185,408,944