Can I retire at age 66 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$545,022$540,167$535,431$530,807$526,293$507,015
2 years$269,813$264,788$259,918$255,196$250,616$231,408
3 years$178,088$173,042$168,184$163,506$159,001$140,468
4 years$132,235$127,204$122,395$117,797$113,401$95,683
5 years$104,731$99,729$94,983$90,480$86,206$69,350
6 years$86,400$81,437$76,761$72,357$68,211$52,230
7 years$73,312$68,390$63,789$59,489$55,474$40,363
8 years$63,500$58,623$54,098$49,904$46,021$31,766
9 years$55,873$51,042$46,594$42,507$38,757$25,339
10 years$49,775$44,991$40,622$36,641$33,022$20,419
11 years$44,789$40,053$35,763$31,889$28,400$16,583
12 years$40,637$35,949$31,739$27,971$24,611$13,552
13 years$37,126$32,488$28,356$24,694$21,461$11,129
14 years$34,119$29,530$25,478$21,921$18,813$9,175
15 years$31,516$26,977$23,004$19,549$16,564$7,588
16 years$29,240$24,750$20,856$17,504$14,640$6,292
17 years$27,235$22,794$18,978$15,728$12,981$5,229
18 years$25,454$21,063$17,325$14,174$11,542$4,352
19 years$23,862$19,521$15,860$12,807$10,287$3,628
20 years$22,431$18,140$14,555$11,599$9,189$3,028
21 years$21,139$16,896$13,388$10,527$8,223$2,530
22 years$19,965$15,772$12,339$9,572$7,371$2,115
23 years$18,895$14,751$11,393$8,717$6,616$1,770
24 years$17,915$13,821$10,537$7,950$5,947$1,482
25 years$17,016$12,970$9,759$7,261$5,351$1,241
26 years$16,187$12,190$9,051$6,639$4,820$1,040
27 years$15,420$11,472$8,405$6,077$4,346$872
28 years$14,710$10,810$7,813$5,568$3,921$731
29 years$14,050$10,198$7,271$5,106$3,541$613
30 years$13,435$9,631$6,773$4,686$3,199$514
31 years$12,861$9,105$6,314$4,303$2,893$431
32 years$12,323$8,615$5,891$3,955$2,617$362
33 years$11,820$8,158$5,500$3,637$2,368$304
34 years$11,347$7,732$5,139$3,346$2,144$255
35 years$10,902$7,334$4,805$3,080$1,942$214
36 years$10,482$6,961$4,495$2,837$1,759$179
37 years$10,087$6,611$4,207$2,614$1,595$151
38 years$9,713$6,283$3,940$2,409$1,446$126
39 years$9,359$5,975$3,691$2,221$1,311$106
40 years$9,023$5,684$3,460$2,049$1,189$89
41 years$8,705$5,411$3,244$1,890$1,079$75
42 years$8,403$5,153$3,043$1,745$979$63
43 years$8,115$4,910$2,856$1,611$888$53
44 years$7,842$4,680$2,680$1,487$806$44
45 years$7,581$4,463$2,517$1,373$732$37
46 years$7,332$4,258$2,364$1,269$665$31
47 years$7,095$4,063$2,221$1,172$604$26
48 years$6,868$3,879$2,087$1,083$548$22
49 years$6,651$3,704$1,962$1,001$498$18
50 years$6,444$3,538$1,844$925$452$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $6,600,000, adding $6,745 every year, while hoping to spend $31,995 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: 72/8/20 Blend
65$6,600,000$6,600,000$6,600,000$6,600,000
66$7,280,157$6,930,357$6,828,057$7,768,738
67$7,988,691$7,235,903$7,022,755$8,400,249
68$8,768,423$7,555,347$7,222,902$9,087,188
69$9,626,581$7,889,338$7,428,649$9,838,734
70$10,571,130$8,238,554$7,640,147$10,661,296
71$11,610,847$8,603,704$7,857,553$11,561,929
72$12,755,401$8,985,533$8,081,028$12,548,401
73$14,015,447$9,384,819$8,310,738$13,629,266
74$15,402,726$9,802,379$8,546,851$14,813,944
75$16,930,175$10,239,066$8,789,541$16,112,806
76$18,612,049$10,695,777$9,038,988$17,537,276
77$20,464,058$11,173,450$9,295,373$19,099,934
78$22,503,508$11,673,066$9,558,885$20,814,634
79$24,749,475$12,195,655$9,829,716$22,696,637
80$27,222,974$12,742,294$10,108,065$24,762,749
81$29,947,165$13,314,115$10,394,133$27,031,484
82$32,947,569$13,912,299$10,688,129$29,523,232
83$36,252,306$14,538,087$10,990,266$32,260,454
84$39,892,365$15,192,776$11,300,764$35,267,892
85$43,901,893$15,877,729$11,619,846$38,572,800
86$48,318,519$16,594,371$11,947,744$42,205,202
87$53,183,707$17,344,195$12,284,693$46,198,173
88$58,543,151$18,128,766$12,630,936$50,588,147
89$64,447,202$18,949,725$12,986,721$55,415,265
90$70,951,344$19,808,789$13,352,304$60,723,749
91$78,116,720$20,707,759$13,727,945$66,562,316
92$86,010,707$21,648,521$14,113,913$72,984,639
93$94,707,553$22,633,052$14,510,483$80,049,852
94$104,289,075$23,663,423$14,917,936$87,823,106
95$114,845,435$24,741,805$15,336,561$96,376,180
96$126,475,988$25,870,472$15,766,654$105,788,159
97$139,290,221$27,051,808$16,208,520$116,146,178
98$153,408,787$28,288,310$16,662,469$127,546,240
99$168,964,643$29,582,596$17,128,821$140,094,125
100$186,104,303$30,937,410$17,607,902$153,906,382