Can I retire at age 66 with 10,100,000?

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 $10,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$834,049$826,619$819,371$812,296$805,388$789,773
2 years$412,895$405,206$397,753$390,527$383,518$367,850
3 years$272,529$264,806$257,372$250,214$243,320$228,086
4 years$202,360$194,661$187,301$180,265$173,538$158,857
5 years$160,269$152,616$145,353$138,461$131,921$117,834
6 years$132,218$124,623$117,467$110,728$104,384$90,907
7 years$112,190$104,658$97,616$91,036$84,892$72,028
8 years$97,175$89,711$82,786$76,368$70,426$58,172
9 years$85,503$78,110$71,303$65,048$59,309$47,656
10 years$76,171$68,850$62,164$56,072$50,534$39,472
11 years$68,540$61,293$54,728$48,800$43,461$32,976
12 years$62,186$55,013$48,570$42,804$37,663$27,740
13 years$56,814$49,716$43,394$37,789$32,843$23,466
14 years$52,213$45,190$38,990$33,545$28,790$19,942
15 years$48,229$41,282$35,202$29,917$25,349$17,012
16 years$44,747$37,876$31,916$26,787$22,403$14,558
17 years$41,677$34,882$29,042$24,068$19,864$12,492
18 years$38,952$32,233$26,512$21,690$17,662$10,743
19 years$36,516$29,873$24,270$19,599$15,743$9,256
20 years$34,327$27,759$22,274$17,750$14,062$7,988
21 years$32,348$25,857$20,488$16,110$12,584$6,904
22 years$30,552$24,136$18,883$14,647$11,280$5,973
23 years$28,915$22,574$17,435$13,340$10,125$5,174
24 years$27,416$21,151$16,124$12,167$9,101$4,485
25 years$26,039$19,849$14,934$11,111$8,189$3,891
26 years$24,771$18,655$13,851$10,159$7,377$3,378
27 years$23,598$17,556$12,862$9,299$6,651$2,934
28 years$22,511$16,543$11,957$8,520$6,001$2,550
29 years$21,500$15,607$11,127$7,813$5,419$2,217
30 years$20,559$14,739$10,364$7,170$4,896$1,928
31 years$19,680$13,933$9,662$6,586$4,427$1,677
32 years$18,858$13,183$9,015$6,052$4,004$1,460
33 years$18,088$12,485$8,417$5,566$3,624$1,270
34 years$17,364$11,833$7,865$5,121$3,281$1,106
35 years$16,683$11,223$7,353$4,714$2,972$963
36 years$16,041$10,653$6,878$4,341$2,692$839
37 years$15,436$10,117$6,438$4,000$2,440$731
38 years$14,863$9,615$6,029$3,687$2,212$636
39 years$14,322$9,143$5,649$3,400$2,006$555
40 years$13,808$8,699$5,294$3,136$1,820$483
41 years$13,321$8,281$4,964$2,893$1,651$421
42 years$12,859$7,886$4,657$2,670$1,498$367
43 years$12,419$7,514$4,370$2,465$1,360$320
44 years$12,000$7,162$4,102$2,276$1,234$279
45 years$11,601$6,830$3,851$2,102$1,120$243
46 years$11,221$6,515$3,617$1,941$1,017$212
47 years$10,858$6,218$3,398$1,794$924$185
48 years$10,511$5,936$3,194$1,657$839$161
49 years$10,179$5,668$3,002$1,532$762$140
50 years$9,861$5,415$2,822$1,416$692$122

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $10,100,000, adding $5,191 every year, while hoping to spend $43,889 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: 71/14/15 Blend
65$10,100,000$10,100,000$10,100,000$10,100,000
66$11,135,555$10,600,255$10,443,705$11,888,018
67$12,224,684$11,072,969$10,746,871$12,860,984
68$13,423,433$11,567,376$11,058,723$13,919,986
69$14,742,937$12,084,492$11,379,504$15,078,194
70$16,195,466$12,625,381$11,709,467$16,345,400
71$17,794,538$13,191,160$12,048,868$17,732,389
72$19,555,050$13,782,996$12,397,975$19,251,026
73$21,493,417$14,402,114$12,757,059$20,914,379
74$23,627,725$15,049,798$13,126,400$22,736,830
75$25,977,905$15,727,390$13,506,287$24,734,215
76$28,565,919$16,436,299$13,897,014$26,923,970
77$31,415,965$17,178,000$14,298,887$29,325,294
78$34,554,710$17,954,039$14,712,216$31,959,325
79$38,011,538$18,766,034$15,137,323$34,849,343
80$41,818,828$19,615,683$15,574,536$38,020,981
81$46,012,261$20,504,764$16,024,195$41,502,471
82$50,631,152$21,435,138$16,486,647$45,324,902
83$55,718,829$22,408,759$16,962,248$49,522,515
84$61,323,032$23,427,671$17,451,367$54,133,022
85$67,496,372$24,494,017$17,954,378$59,197,960
86$74,296,822$25,610,044$18,471,669$64,763,078
87$81,788,266$26,778,104$19,003,639$70,878,767
88$90,041,102$28,000,664$19,550,693$77,600,534
89$99,132,906$29,280,309$20,113,253$84,989,520
90$109,149,163$30,619,745$20,691,749$93,113,077
91$120,184,078$32,021,812$21,286,622$102,045,395
92$132,341,457$33,489,484$21,898,327$111,868,204
93$145,735,694$35,025,878$22,527,330$122,671,539
94$160,492,849$36,634,260$23,174,110$134,554,584
95$176,751,836$38,318,055$23,839,158$147,626,608
96$194,665,734$40,080,850$24,522,981$162,007,990
97$214,403,233$41,926,407$25,226,095$177,831,348
98$236,150,228$43,858,665$25,949,034$195,242,791
99$260,111,569$45,881,758$26,692,345$214,403,291
100$286,512,998$48,000,013$27,456,588$235,490,195