Can I retire at age 66 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$850,564$842,988$835,596$828,381$821,336$812,083
2 years$421,071$413,229$405,629$398,260$391,113$381,798
3 years$277,926$270,050$262,469$255,169$248,138$239,050
4 years$206,367$198,515$191,010$183,835$176,974$168,183
5 years$163,443$155,638$148,232$141,203$134,533$126,065
6 years$134,836$127,090$119,793$112,921$106,451$98,316
7 years$114,411$106,730$99,549$92,839$86,573$78,775
8 years$99,099$91,488$84,425$77,880$71,821$64,358
9 years$87,196$79,656$72,715$66,337$60,484$53,354
10 years$77,679$70,213$63,395$57,183$51,535$44,734
11 years$69,898$62,507$55,812$49,766$44,322$37,843
12 years$63,418$56,103$49,532$43,652$38,408$32,245
13 years$57,939$50,700$44,253$38,538$33,493$27,638
14 years$53,247$46,085$39,762$34,210$29,360$23,805
15 years$49,184$42,100$35,900$30,509$25,851$20,587
16 years$45,633$38,626$32,548$27,317$22,847$17,865
17 years$42,503$35,573$29,618$24,544$20,258$15,548
18 years$39,723$32,871$27,037$22,120$18,012$13,566
19 years$37,239$30,464$24,751$19,987$16,055$11,861
20 years$35,006$28,309$22,715$18,102$14,340$10,390
21 years$32,989$26,369$20,894$16,429$12,833$9,116
22 years$31,157$24,614$19,257$14,937$11,503$8,009
23 years$29,487$23,021$17,780$13,604$10,326$7,044
24 years$27,959$21,569$16,444$12,407$9,281$6,203
25 years$26,555$20,242$15,230$11,331$8,351$5,467
26 years$25,261$19,024$14,125$10,361$7,523$4,822
27 years$24,065$17,904$13,116$9,483$6,782$4,256
28 years$22,956$16,871$12,193$8,689$6,120$3,759
29 years$21,926$15,916$11,347$7,968$5,526$3,322
30 years$20,966$15,031$10,569$7,312$4,993$2,937
31 years$20,070$14,209$9,854$6,716$4,514$2,598
32 years$19,232$13,444$9,194$6,172$4,083$2,298
33 years$18,446$12,732$8,584$5,676$3,696$2,034
34 years$17,708$12,067$8,020$5,222$3,346$1,801
35 years$17,013$11,446$7,499$4,807$3,030$1,595
36 years$16,359$10,863$7,015$4,427$2,746$1,413
37 years$15,741$10,318$6,566$4,079$2,489$1,252
38 years$15,158$9,806$6,148$3,760$2,256$1,109
39 years$14,605$9,324$5,760$3,467$2,046$983
40 years$14,082$8,871$5,399$3,198$1,856$871
41 years$13,585$8,445$5,063$2,950$1,684$772
42 years$13,113$8,042$4,749$2,723$1,528$685
43 years$12,665$7,663$4,456$2,513$1,386$607
44 years$12,238$7,304$4,183$2,321$1,258$538
45 years$11,831$6,965$3,928$2,143$1,142$477
46 years$11,443$6,644$3,689$1,980$1,037$423
47 years$11,073$6,341$3,466$1,829$942$375
48 years$10,719$6,053$3,257$1,690$855$333
49 years$10,380$5,780$3,061$1,562$777$295
50 years$10,056$5,522$2,878$1,444$706$262

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $10,300,000, adding $6,250 every year, while hoping to spend $31,215 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: 72/13/15 Blend
65$10,300,000$10,300,000$10,300,000$10,300,000
66$11,357,047$10,811,147$10,651,497$12,136,153
67$12,482,253$11,307,681$10,975,110$13,150,181
68$13,721,184$11,827,498$11,308,517$14,255,862
69$15,085,407$12,371,708$11,652,014$15,465,847
70$16,587,668$12,941,470$12,005,906$16,790,455
71$18,242,011$13,538,003$12,370,505$18,241,046
72$20,063,912$14,162,582$12,746,133$19,830,121
73$22,070,426$14,816,543$13,133,123$21,571,447
74$24,280,344$15,501,288$13,531,817$23,480,177
75$26,714,374$16,218,286$13,942,568$25,572,998
76$29,395,334$16,969,076$14,365,738$27,868,280
77$32,348,369$17,755,272$14,801,701$30,386,252
78$35,601,186$18,578,564$15,250,842$33,149,189
79$39,184,320$19,440,726$15,713,558$36,181,621
80$43,131,416$20,343,617$16,190,257$39,510,561
81$47,479,549$21,289,183$16,681,360$43,165,757
82$52,269,577$22,279,467$17,187,299$47,179,972
83$57,546,522$23,316,609$17,708,522$51,589,290
84$63,359,997$24,402,853$18,245,487$56,433,453
85$69,764,674$25,540,550$18,798,668$61,756,235
86$76,820,800$26,732,166$19,368,552$67,605,850
87$84,594,764$27,980,285$19,955,642$74,035,404
88$93,159,728$29,287,616$20,560,454$81,103,395
89$102,596,311$30,657,001$21,183,520$88,874,262
90$112,993,356$32,091,415$21,825,389$97,418,985
91$124,448,764$33,593,980$22,486,625$106,815,759
92$137,070,422$35,167,969$23,167,811$117,150,720
93$150,977,217$36,816,812$23,869,545$128,518,759
94$166,300,162$38,544,104$24,592,444$141,024,413
95$183,183,631$40,353,618$25,337,143$154,782,848
96$201,786,720$42,249,304$26,104,296$169,920,937
97$222,284,753$44,235,307$26,894,577$186,578,459
98$244,870,932$46,315,971$27,708,679$204,909,408
99$269,758,165$48,495,852$28,547,318$225,083,447
100$297,181,073$50,779,724$29,411,229$247,287,498