Can I retire at age 66 with 13,700,000?

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 $13,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,075,244
2 years$560,066$549,635$539,526$529,725$520,218$502,921
3 years$369,668$359,193$349,109$339,400$330,048$313,204
4 years$274,488$264,045$254,062$244,518$235,393$219,133
5 years$217,395$207,014$197,163$187,814$178,942$163,313
6 years$179,346$169,043$159,337$150,196$141,591$126,611
7 years$152,178$141,962$132,410$123,484$115,151$100,825
8 years$131,811$121,687$112,294$103,588$95,529$81,854
9 years$115,979$105,951$96,719$88,234$80,449$67,418
10 years$103,321$93,390$84,321$76,059$68,547$56,149
11 years$92,971$83,140$74,235$66,194$58,952$47,175
12 years$84,352$74,622$65,882$58,061$51,087$39,915
13 years$77,065$67,437$58,861$51,259$44,549$33,967
14 years$70,824$61,298$52,887$45,502$39,051$29,042
15 years$65,420$55,997$47,750$40,580$34,384$24,928
16 years$60,696$51,376$43,292$36,335$30,388$21,468
17 years$56,533$47,315$39,394$32,647$26,945$18,540
18 years$52,836$43,721$35,962$29,421$23,958$16,048
19 years$49,532$40,521$32,921$26,584$21,354$13,920
20 years$46,562$37,654$30,214$24,077$19,074$12,094
21 years$43,878$35,073$27,791$21,852$17,069$10,523
22 years$41,442$32,739$25,613$19,868$15,300$9,168
23 years$39,221$30,620$23,649$18,094$13,734$7,997
24 years$37,188$28,689$21,872$16,503$12,345$6,981
25 years$35,321$26,924$20,258$15,072$11,108$6,100
26 years$33,600$25,304$18,788$13,781$10,006$5,334
27 years$32,009$23,814$17,446$12,614$9,021$4,667
28 years$30,534$22,440$16,219$11,557$8,140$4,085
29 years$29,164$21,169$15,093$10,598$7,350$3,578
30 years$27,887$19,992$14,058$9,726$6,641$3,135
31 years$26,695$18,899$13,106$8,933$6,004$2,748
32 years$25,580$17,882$12,228$8,210$5,431$2,409
33 years$24,535$16,935$11,418$7,549$4,915$2,113
34 years$23,553$16,051$10,668$6,946$4,450$1,853
35 years$22,629$15,224$9,974$6,394$4,031$1,626
36 years$21,759$14,449$9,330$5,889$3,652$1,427
37 years$20,937$13,724$8,733$5,426$3,310$1,252
38 years$20,161$13,042$8,178$5,001$3,001$1,099
39 years$19,426$12,402$7,662$4,611$2,721$965
40 years$18,730$11,800$7,182$4,253$2,468$848
41 years$18,070$11,232$6,734$3,924$2,239$744
42 years$17,442$10,697$6,317$3,622$2,032$654
43 years$16,845$10,192$5,927$3,343$1,844$574
44 years$16,278$9,715$5,564$3,087$1,674$504
45 years$15,736$9,264$5,224$2,851$1,520$443
46 years$15,220$8,838$4,907$2,633$1,380$389
47 years$14,728$8,434$4,610$2,433$1,253$342
48 years$14,257$8,051$4,332$2,248$1,138$300
49 years$13,807$7,689$4,072$2,078$1,033$264
50 years$13,376$7,344$3,828$1,920$939$232

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $13,700,000, adding $6,759 every year, while hoping to spend $57,345 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: 47/28/25 Blend
65$13,700,000$13,700,000$13,700,000$13,700,000
66$15,104,372$14,378,272$14,165,922$15,705,976
67$16,584,003$15,021,793$14,579,466$16,772,962
68$18,212,635$15,694,924$15,004,941$17,924,275
69$20,005,405$16,399,056$15,442,688$19,172,881
70$21,978,992$17,135,646$15,893,054$20,527,938
71$24,151,776$17,906,219$16,356,397$21,999,507
72$26,544,007$18,712,374$16,833,088$23,598,641
73$29,178,003$19,555,787$17,323,502$25,337,488
74$32,078,350$20,438,212$17,828,031$27,229,399
75$35,272,145$21,361,488$18,347,074$29,289,053
76$38,789,244$22,327,541$18,881,041$31,532,585
77$42,662,547$23,338,390$19,430,355$33,977,736
78$46,928,305$24,396,150$19,995,450$36,644,018
79$51,626,467$25,503,036$20,576,773$39,552,888
80$56,801,054$26,661,372$21,174,782$42,727,945
81$62,500,572$27,873,589$21,789,947$46,195,151
82$68,778,473$29,142,238$22,422,754$49,983,064
83$75,693,661$30,469,991$23,073,699$54,123,106
84$83,311,040$31,859,647$23,743,294$58,649,849
85$91,702,136$33,314,139$24,432,064$63,601,336
86$100,945,765$34,836,543$25,140,549$69,019,431
87$111,128,779$36,430,080$25,869,304$74,950,210
88$122,346,887$38,098,126$26,618,898$81,444,382
89$134,705,556$39,844,221$27,389,918$88,557,764
90$148,321,006$41,672,071$28,182,964$96,351,796
91$163,321,310$43,585,564$28,998,654$104,894,114
92$179,847,599$45,588,772$29,837,625$114,259,175
93$198,055,397$47,685,964$30,700,527$124,528,953
94$218,116,085$49,881,614$31,588,033$135,793,703
95$240,218,523$52,180,411$32,500,829$148,152,797
96$264,570,829$54,587,268$33,439,624$161,715,654
97$291,402,346$57,107,337$34,405,144$176,602,762
98$320,965,805$59,746,015$35,398,136$192,946,798
99$353,539,709$62,508,963$36,419,366$210,893,872
100$389,430,967$65,402,109$37,469,622$230,604,888