Can I retire at age 66 with 9,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $9,000,000?

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$743,212$736,591$730,133$723,828$717,673$711,362
2 years$367,927$361,074$354,433$347,994$341,749$335,390
3 years$242,848$235,966$229,342$222,963$216,820$210,609
4 years$180,321$173,460$166,902$160,633$154,638$148,624
5 years$142,814$135,995$129,523$123,381$117,553$111,753
6 years$117,818$111,050$104,674$98,669$93,016$87,437
7 years$99,971$93,260$86,984$81,121$75,647$70,292
8 years$86,591$79,941$73,770$68,051$62,756$57,625
9 years$76,191$69,603$63,538$57,964$52,850$47,941
10 years$67,875$61,351$55,394$49,966$45,031$40,341
11 years$61,076$54,618$48,768$43,485$38,728$34,254
12 years$55,414$49,022$43,280$38,142$33,561$29,298
13 years$50,626$44,301$38,668$33,674$29,266$25,209
14 years$46,527$40,269$34,743$29,892$25,654$21,799
15 years$42,977$36,786$31,369$26,658$22,588$18,929
16 years$39,873$33,751$28,440$23,870$19,963$16,494
17 years$37,138$31,083$25,879$21,447$17,701$14,415
18 years$34,710$28,722$23,625$19,328$15,739$12,631
19 years$32,539$26,619$21,627$17,464$14,028$11,092
20 years$30,588$24,736$19,848$15,817$12,530$9,759
21 years$28,825$23,041$18,257$14,355$11,213$8,600
22 years$27,225$21,508$16,826$13,052$10,051$7,590
23 years$25,766$20,116$15,536$11,887$9,022$6,707
24 years$24,430$18,847$14,368$10,841$8,110$5,933
25 years$23,203$17,687$13,308$9,901$7,297$5,254
26 years$22,073$16,623$12,342$9,053$6,573$4,656
27 years$21,028$15,644$11,461$8,286$5,926$4,129
28 years$20,059$14,741$10,654$7,592$5,347$3,665
29 years$19,159$13,907$9,915$6,962$4,829$3,254
30 years$18,320$13,133$9,235$6,390$4,363$2,891
31 years$17,537$12,416$8,610$5,868$3,944$2,570
32 years$16,804$11,748$8,033$5,393$3,568$2,285
33 years$16,118$11,125$7,501$4,959$3,229$2,032
34 years$15,473$10,544$7,008$4,563$2,924$1,808
35 years$14,866$10,001$6,552$4,201$2,648$1,610
36 years$14,294$9,492$6,129$3,869$2,399$1,433
37 years$13,754$9,016$5,737$3,564$2,175$1,276
38 years$13,244$8,568$5,372$3,285$1,971$1,136
39 years$12,762$8,147$5,033$3,029$1,788$1,012
40 years$12,304$7,752$4,718$2,794$1,622$902
41 years$11,870$7,379$4,424$2,578$1,471$804
42 years$11,458$7,027$4,150$2,379$1,335$716
43 years$11,066$6,696$3,894$2,196$1,211$638
44 years$10,693$6,382$3,655$2,028$1,100$569
45 years$10,338$6,086$3,432$1,873$998$507
46 years$9,999$5,806$3,223$1,730$906$452
47 years$9,675$5,541$3,028$1,598$823$403
48 years$9,366$5,289$2,846$1,477$747$359
49 years$9,070$5,051$2,675$1,365$679$320
50 years$8,787$4,825$2,515$1,262$617$286

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $9,000,000, adding $2,442 every year, while hoping to spend $44,098 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: 60/34/6 Blend
65$9,000,000$9,000,000$9,000,000$9,000,000
66$9,920,519$9,443,519$9,304,019$10,504,314
67$10,885,492$9,859,331$9,568,784$11,311,024
68$11,947,414$10,294,041$9,840,940$12,185,205
69$13,116,128$10,748,526$10,120,689$13,137,524
70$14,402,478$11,223,709$10,408,237$14,175,494
71$15,818,414$11,720,554$10,703,796$15,307,373
72$17,377,102$12,240,071$11,007,583$16,542,239
73$19,093,050$12,783,318$11,319,821$17,890,079
74$20,982,244$13,351,404$11,640,738$19,361,870
75$23,062,301$13,945,490$11,970,570$20,969,690
76$25,352,628$14,566,792$12,309,557$22,726,820
77$27,874,616$15,216,584$12,657,947$24,647,872
78$30,651,830$15,896,201$13,015,992$26,748,922
79$33,710,242$16,607,039$13,383,952$29,047,655
80$37,078,467$17,350,565$13,762,095$31,563,531
81$40,788,039$18,128,311$14,150,694$34,317,965
82$44,873,706$18,941,885$14,550,030$37,334,522
83$49,373,758$19,792,971$14,960,389$40,639,139
84$54,330,387$20,683,333$15,382,068$44,260,361
85$59,790,089$21,614,818$15,815,369$48,229,608
86$65,804,097$22,589,363$16,260,603$52,581,467
87$72,428,870$23,608,997$16,718,088$57,354,010
88$79,726,621$24,675,844$17,188,151$62,589,153
89$87,765,908$25,792,132$17,671,125$68,333,041
90$96,622,278$26,960,194$18,167,356$74,636,479
91$106,378,982$28,182,475$18,677,193$81,555,406
92$117,127,758$29,461,537$19,201,000$89,151,416
93$128,969,700$30,800,063$19,739,144$97,492,334
94$142,016,210$32,200,867$20,292,006$106,652,845
95$156,390,050$33,666,895$20,859,974$116,715,193
96$172,226,499$35,201,237$21,443,447$127,769,954
97$189,674,633$36,807,129$22,042,834$139,916,876
98$208,898,729$38,487,961$22,658,552$153,265,814
99$230,079,817$40,247,289$23,291,031$167,937,760
100$253,417,388$42,088,837$23,940,711$184,065,974