Can I retire at age 66 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$883,596$875,725$868,047$860,552$853,233$834,641
2 years$437,424$429,277$421,382$413,727$406,301$387,664
3 years$288,719$280,537$272,662$265,079$257,774$239,674
4 years$214,381$206,225$198,428$190,974$183,847$166,422
5 years$169,790$161,683$153,988$146,687$139,757$123,057
6 years$140,073$132,026$124,445$117,306$110,585$94,628
7 years$118,854$110,875$103,415$96,444$89,935$74,723
8 years$102,948$95,041$87,704$80,905$74,610$60,138
9 years$90,582$82,750$75,539$68,913$62,833$49,090
10 years$80,696$72,940$65,857$59,403$53,536$40,510
11 years$72,612$64,934$57,979$51,699$46,043$33,715
12 years$65,881$58,281$51,455$45,347$39,900$28,251
13 years$60,189$52,669$45,972$40,034$34,794$23,804
14 years$55,315$47,875$41,306$35,538$30,500$20,147
15 years$51,094$43,735$37,294$31,694$26,854$17,115
16 years$47,405$40,126$33,812$28,378$23,734$14,584
17 years$44,153$36,954$30,768$25,498$21,044$12,460
18 years$41,266$34,147$28,087$22,979$18,712$10,669
19 years$38,685$31,648$25,712$20,763$16,678$9,152
20 years$36,366$29,408$23,597$18,805$14,897$7,862
21 years$34,270$27,393$21,705$17,067$13,331$6,764
22 years$32,367$25,570$20,005$15,518$11,950$5,825
23 years$30,633$23,915$18,471$14,132$10,727$5,022
24 years$29,045$22,407$17,082$12,889$9,641$4,333
25 years$27,586$21,028$15,822$11,771$8,676$3,741
26 years$26,242$19,763$14,674$10,763$7,815$3,232
27 years$25,000$18,599$13,626$9,852$7,046$2,794
28 years$23,848$17,526$12,667$9,026$6,357$2,416
29 years$22,778$16,534$11,788$8,277$5,741$2,090
30 years$21,781$15,614$10,980$7,596$5,187$1,809
31 years$20,850$14,761$10,236$6,977$4,690$1,566
32 years$19,979$13,967$9,551$6,412$4,242$1,356
33 years$19,162$13,227$8,917$5,896$3,839$1,174
34 years$18,395$12,536$8,332$5,425$3,476$1,017
35 years$17,674$11,890$7,790$4,994$3,148$881
36 years$16,994$11,285$7,287$4,599$2,852$764
37 years$16,353$10,718$6,821$4,238$2,585$662
38 years$15,746$10,186$6,387$3,906$2,344$574
39 years$15,172$9,686$5,984$3,602$2,125$497
40 years$14,629$9,216$5,609$3,322$1,928$431
41 years$14,113$8,772$5,259$3,065$1,749$374
42 years$13,623$8,355$4,933$2,828$1,587$324
43 years$13,157$7,960$4,629$2,611$1,440$281
44 years$12,713$7,588$4,345$2,411$1,307$244
45 years$12,290$7,236$4,080$2,226$1,187$211
46 years$11,887$6,903$3,832$2,057$1,078$183
47 years$11,503$6,587$3,600$1,900$979$159
48 years$11,135$6,288$3,383$1,756$889$138
49 years$10,783$6,005$3,180$1,623$807$119
50 years$10,447$5,736$2,990$1,500$733$104

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $10,700,000, adding $4,559 every year, while hoping to spend $41,368 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: 48/33/19 Blend
65$10,700,000$10,700,000$10,700,000$10,700,000
66$11,796,103$11,229,003$11,063,153$12,298,890
67$12,955,290$11,735,209$11,389,753$13,154,903
68$14,231,328$12,264,832$11,725,908$14,079,324
69$15,636,091$12,818,977$12,071,894$15,082,258
70$17,182,665$13,398,800$12,427,995$16,171,082
71$18,885,469$14,005,512$12,794,505$17,353,901
72$20,760,388$14,640,384$13,171,722$18,639,617
73$22,824,930$15,304,745$13,559,957$20,038,010
74$25,098,386$15,999,990$13,959,529$21,559,831
75$27,602,011$16,727,580$14,370,763$23,216,894
76$30,359,229$17,489,044$14,793,996$25,022,183
77$33,395,851$18,285,987$15,229,575$26,989,976
78$36,740,317$19,120,090$15,677,855$29,135,968
79$40,423,968$19,993,114$16,139,203$31,477,419
80$44,481,341$20,906,904$16,613,994$34,033,310
81$48,950,490$21,863,395$17,102,615$36,824,516
82$53,873,353$22,864,614$17,605,465$39,874,000
83$59,296,139$23,912,685$18,122,953$43,207,022
84$65,269,773$25,009,834$18,655,499$46,851,372
85$71,850,368$26,158,394$19,203,537$50,837,624
86$79,099,760$27,360,810$19,767,510$55,199,421
87$87,086,092$28,619,646$20,347,878$59,973,784
88$95,884,451$29,937,586$20,945,109$65,201,456
89$105,577,583$31,317,446$21,559,689$70,927,273
90$116,256,672$32,762,177$22,192,114$77,200,589
91$128,022,199$34,274,869$22,842,896$84,075,723
92$140,984,890$35,858,765$23,512,560$91,612,473
93$155,266,766$37,517,261$24,201,648$99,876,664
94$171,002,288$39,253,918$24,910,714$108,940,762
95$188,339,629$41,072,469$25,640,331$118,884,550
96$207,442,075$42,976,824$26,391,087$129,795,868
97$228,489,563$44,971,084$27,163,584$141,771,436
98$251,680,379$47,059,548$27,958,444$154,917,747
99$277,233,032$49,246,720$28,776,306$169,352,070
100$305,388,315$51,537,323$29,617,826$185,203,539