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

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 $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%12.9%
1 years$743,212$736,591$730,133$723,828$717,673$708,999
2 years$367,927$361,074$354,433$347,994$341,749$333,020
3 years$242,848$235,966$229,342$222,963$216,820$208,306
4 years$180,321$173,460$166,902$160,633$154,638$146,405
5 years$142,814$135,995$129,523$123,381$117,553$109,626
6 years$117,818$111,050$104,674$98,669$93,016$85,404
7 years$99,971$93,260$86,984$81,121$75,647$68,353
8 years$86,591$79,941$73,770$68,051$62,756$55,780
9 years$76,191$69,603$63,538$57,964$52,850$46,188
10 years$67,875$61,351$55,394$49,966$45,031$38,678
11 years$61,076$54,618$48,768$43,485$38,728$32,680
12 years$55,414$49,022$43,280$38,142$33,561$27,810
13 years$50,626$44,301$38,668$33,674$29,266$23,806
14 years$46,527$40,269$34,743$29,892$25,654$20,477
15 years$42,977$36,786$31,369$26,658$22,588$17,685
16 years$39,873$33,751$28,440$23,870$19,963$15,325
17 years$37,138$31,083$25,879$21,447$17,701$13,319
18 years$34,710$28,722$23,625$19,328$15,739$11,604
19 years$32,539$26,619$21,627$17,464$14,028$10,132
20 years$30,588$24,736$19,848$15,817$12,530$8,862
21 years$28,825$23,041$18,257$14,355$11,213$7,763
22 years$27,225$21,508$16,826$13,052$10,051$6,810
23 years$25,766$20,116$15,536$11,887$9,022$5,981
24 years$24,430$18,847$14,368$10,841$8,110$5,258
25 years$23,203$17,687$13,308$9,901$7,297$4,627
26 years$22,073$16,623$12,342$9,053$6,573$4,075
27 years$21,028$15,644$11,461$8,286$5,926$3,591
28 years$20,059$14,741$10,654$7,592$5,347$3,167
29 years$19,159$13,907$9,915$6,962$4,829$2,794
30 years$18,320$13,133$9,235$6,390$4,363$2,466
31 years$17,537$12,416$8,610$5,868$3,944$2,177
32 years$16,804$11,748$8,033$5,393$3,568$1,923
33 years$16,118$11,125$7,501$4,959$3,229$1,700
34 years$15,473$10,544$7,008$4,563$2,924$1,502
35 years$14,866$10,001$6,552$4,201$2,648$1,328
36 years$14,294$9,492$6,129$3,869$2,399$1,174
37 years$13,754$9,016$5,737$3,564$2,175$1,039
38 years$13,244$8,568$5,372$3,285$1,971$919
39 years$12,762$8,147$5,033$3,029$1,788$813
40 years$12,304$7,752$4,718$2,794$1,622$719
41 years$11,870$7,379$4,424$2,578$1,471$636
42 years$11,458$7,027$4,150$2,379$1,335$563
43 years$11,066$6,696$3,894$2,196$1,211$499
44 years$10,693$6,382$3,655$2,028$1,100$441
45 years$10,338$6,086$3,432$1,873$998$391
46 years$9,999$5,806$3,223$1,730$906$346
47 years$9,675$5,541$3,028$1,598$823$306
48 years$9,366$5,289$2,846$1,477$747$271
49 years$9,070$5,051$2,675$1,365$679$240
50 years$8,787$4,825$2,515$1,262$617$213

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 $3,682 every year, while hoping to spend $45,774 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: 61/20/19 Blend
65$9,000,000$9,000,000$9,000,000$9,000,000
66$9,921,798$9,444,798$9,305,298$10,478,087
67$10,885,118$9,858,890$9,568,322$11,268,290
68$11,945,163$10,291,738$9,838,624$12,124,883
69$13,111,750$10,744,214$10,116,398$13,058,685
70$14,395,696$11,217,228$10,401,845$14,077,197
71$15,808,921$11,711,736$10,695,171$15,188,674
72$17,364,559$12,228,739$10,996,587$16,402,196
73$19,077,079$12,769,283$11,306,308$17,727,751
74$20,962,429$13,334,465$11,624,557$19,176,335
75$23,038,179$13,925,436$11,951,562$20,760,042
76$25,323,689$14,543,398$12,287,555$22,492,187
77$27,840,293$15,189,612$12,632,775$24,387,423
78$30,611,498$15,865,399$12,987,469$26,461,876
79$33,663,208$16,572,141$13,351,887$28,733,299
80$37,023,968$17,311,287$13,726,287$31,221,235
81$40,725,228$18,084,356$14,110,933$33,947,197
82$44,801,649$18,892,937$14,506,097$36,934,871
83$49,291,422$19,738,696$14,912,056$40,210,334
84$54,236,631$20,623,377$15,329,094$43,802,298
85$59,683,653$21,548,808$15,757,504$47,742,379
86$65,683,590$22,516,904$16,197,585$52,065,390
87$72,292,755$23,529,671$16,649,643$56,809,667
88$79,573,202$24,589,211$17,113,992$62,017,426
89$87,593,313$25,697,726$17,590,955$67,735,160
90$96,428,439$26,857,523$18,080,860$74,014,072
91$106,161,617$28,071,019$18,584,047$80,910,555
92$116,884,350$29,340,747$19,100,860$88,486,716
93$128,697,471$30,669,360$19,631,656$96,810,966
94$141,712,094$32,059,640$20,176,797$105,958,653
95$156,050,664$33,514,499$20,736,656$116,012,770
96$171,848,112$35,036,990$21,311,615$127,064,738
97$189,253,129$36,630,311$21,902,063$139,215,256
98$208,429,567$38,297,816$22,508,402$152,575,253
99$229,557,990$40,043,016$23,131,040$167,266,923
100$252,837,373$41,869,591$23,770,398$183,424,877