Can I retire at age 66 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$875,338$867,541$859,934$852,509$845,259$837,827
2 years$433,336$425,265$417,444$409,860$402,504$395,015
3 years$286,021$277,916$270,114$262,601$255,365$248,051
4 years$212,378$204,297$196,574$189,189$182,129$175,046
5 years$168,204$160,172$152,549$145,316$138,451$131,620
6 years$138,764$130,792$123,282$116,210$109,552$102,981
7 years$117,743$109,839$102,448$95,543$89,095$82,788
8 years$101,985$94,152$86,884$80,148$73,913$67,870
9 years$89,736$81,977$74,833$68,269$62,245$56,464
10 years$79,942$72,258$65,241$58,848$53,036$47,513
11 years$71,933$64,327$57,438$51,216$45,613$40,343
12 years$65,265$57,737$50,974$44,923$39,527$34,506
13 years$59,627$52,177$45,542$39,660$34,468$29,691
14 years$54,798$47,428$40,920$35,206$30,215$25,674
15 years$50,617$43,326$36,945$31,398$26,603$22,294
16 years$46,962$39,751$33,496$28,113$23,512$19,426
17 years$43,741$36,609$30,480$25,259$20,848$16,978
18 years$40,880$33,828$27,824$22,764$18,537$14,877
19 years$38,324$31,352$25,472$20,569$16,522$13,064
20 years$36,026$29,134$23,377$18,629$14,758$11,494
21 years$33,950$27,137$21,502$16,907$13,207$10,129
22 years$32,065$25,331$19,818$15,373$11,838$8,940
23 years$30,346$23,692$18,298$14,000$10,626$7,899
24 years$28,773$22,198$16,923$12,769$9,551$6,988
25 years$27,328$20,831$15,674$11,661$8,595$6,188
26 years$25,997$19,578$14,537$10,662$7,742$5,484
27 years$24,766$18,425$13,499$9,760$6,980$4,863
28 years$23,625$17,362$12,549$8,942$6,298$4,316
29 years$22,565$16,379$11,678$8,200$5,687$3,833
30 years$21,577$15,468$10,877$7,525$5,139$3,405
31 years$20,655$14,623$10,141$6,912$4,646$3,027
32 years$19,792$13,836$9,461$6,352$4,202$2,691
33 years$18,983$13,103$8,834$5,841$3,803$2,394
34 years$18,223$12,419$8,254$5,374$3,443$2,130
35 years$17,509$11,779$7,717$4,947$3,119$1,896
36 years$16,835$11,180$7,219$4,556$2,826$1,688
37 years$16,200$10,618$6,757$4,198$2,561$1,503
38 years$15,599$10,091$6,328$3,869$2,322$1,339
39 years$15,031$9,596$5,928$3,568$2,106$1,192
40 years$14,492$9,130$5,556$3,291$1,910$1,062
41 years$13,981$8,690$5,210$3,036$1,733$947
42 years$13,495$8,277$4,887$2,802$1,572$844
43 years$13,034$7,886$4,586$2,587$1,427$752
44 years$12,594$7,517$4,305$2,388$1,295$670
45 years$12,176$7,168$4,042$2,206$1,176$597
46 years$11,776$6,838$3,796$2,037$1,068$533
47 years$11,395$6,526$3,567$1,882$969$475
48 years$11,031$6,230$3,352$1,739$880$423
49 years$10,683$5,949$3,150$1,607$800$377
50 years$10,349$5,683$2,962$1,486$726$337

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $10,600,000, adding $3,827 every year, while hoping to spend $27,119 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: 68/11/21 Blend
65$10,600,000$10,600,000$10,600,000$10,600,000
66$11,685,148$11,123,348$10,959,048$12,418,079
67$12,848,178$11,639,537$11,297,321$13,425,271
68$14,128,929$12,180,111$11,646,018$14,523,145
69$15,539,379$12,746,236$12,005,459$15,723,493
70$17,092,728$13,339,133$12,375,974$17,036,418
71$18,803,520$13,960,085$12,757,903$18,473,043
72$20,687,785$14,610,435$13,151,599$20,045,610
73$22,763,183$15,291,591$13,557,422$21,767,593
74$25,049,177$16,005,028$13,975,745$23,653,829
75$27,567,214$16,752,294$14,406,952$25,720,652
76$30,340,925$17,535,012$14,851,440$27,986,042
77$33,396,352$18,354,881$15,309,617$30,469,801
78$36,762,195$19,213,685$15,781,903$33,193,730
79$40,470,074$20,113,291$16,268,733$36,181,836
80$44,554,839$21,055,659$16,770,553$39,460,555
81$49,054,889$22,042,844$17,287,823$43,059,001
82$54,012,542$23,076,997$17,821,019$47,009,235
83$59,474,427$24,160,376$18,370,629$51,346,568
84$65,491,932$25,295,348$18,937,159$56,109,889
85$72,121,683$26,484,393$19,521,127$61,342,031
86$79,426,080$27,730,114$20,123,070$67,090,170
87$87,473,887$29,035,236$20,743,540$73,406,270
88$96,340,880$30,402,619$21,383,105$80,347,568
89$106,110,563$31,835,261$22,042,352$87,977,113
90$116,874,955$33,336,303$22,721,886$96,364,353
91$128,735,461$34,909,042$23,422,329$105,585,792
92$141,803,825$36,556,932$24,144,324$115,725,706
93$156,203,188$38,283,595$24,888,532$126,876,933
94$172,069,251$40,092,829$25,655,636$139,141,748
95$189,551,552$41,988,615$26,446,337$152,632,822
96$208,814,882$43,975,129$27,261,361$167,474,280
97$230,040,837$46,056,748$28,101,454$183,802,873
98$253,429,535$48,238,061$28,967,385$201,769,255
99$279,201,504$50,523,882$29,859,948$221,539,410
100$307,599,760$52,919,255$30,779,960$243,296,205