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%19.2%
1 years$743,212$736,591$730,133$723,828$717,673$691,110
2 years$367,927$361,074$354,433$347,994$341,749$315,287
3 years$242,848$235,966$229,342$222,963$216,820$191,291
4 years$180,321$173,460$166,902$160,633$154,638$130,238
5 years$142,814$135,995$129,523$123,381$117,553$94,344
6 years$117,818$111,050$104,674$98,669$93,016$71,015
7 years$99,971$93,260$86,984$81,121$75,647$54,848
8 years$86,591$79,941$73,770$68,051$62,756$43,141
9 years$76,191$69,603$63,538$57,964$52,850$34,391
10 years$67,875$61,351$55,394$49,966$45,031$27,696
11 years$61,076$54,618$48,768$43,485$38,728$22,479
12 years$55,414$49,022$43,280$38,142$33,561$18,357
13 years$50,626$44,301$38,668$33,674$29,266$15,065
14 years$46,527$40,269$34,743$29,892$25,654$12,411
15 years$42,977$36,786$31,369$26,658$22,588$10,258
16 years$39,873$33,751$28,440$23,870$19,963$8,499
17 years$37,138$31,083$25,879$21,447$17,701$7,058
18 years$34,710$28,722$23,625$19,328$15,739$5,871
19 years$32,539$26,619$21,627$17,464$14,028$4,890
20 years$30,588$24,736$19,848$15,817$12,530$4,078
21 years$28,825$23,041$18,257$14,355$11,213$3,404
22 years$27,225$21,508$16,826$13,052$10,051$2,844
23 years$25,766$20,116$15,536$11,887$9,022$2,378
24 years$24,430$18,847$14,368$10,841$8,110$1,989
25 years$23,203$17,687$13,308$9,901$7,297$1,665
26 years$22,073$16,623$12,342$9,053$6,573$1,394
27 years$21,028$15,644$11,461$8,286$5,926$1,167
28 years$20,059$14,741$10,654$7,592$5,347$978
29 years$19,159$13,907$9,915$6,962$4,829$819
30 years$18,320$13,133$9,235$6,390$4,363$687
31 years$17,537$12,416$8,610$5,868$3,944$576
32 years$16,804$11,748$8,033$5,393$3,568$483
33 years$16,118$11,125$7,501$4,959$3,229$405
34 years$15,473$10,544$7,008$4,563$2,924$339
35 years$14,866$10,001$6,552$4,201$2,648$285
36 years$14,294$9,492$6,129$3,869$2,399$239
37 years$13,754$9,016$5,737$3,564$2,175$200
38 years$13,244$8,568$5,372$3,285$1,971$168
39 years$12,762$8,147$5,033$3,029$1,788$141
40 years$12,304$7,752$4,718$2,794$1,622$118
41 years$11,870$7,379$4,424$2,578$1,471$99
42 years$11,458$7,027$4,150$2,379$1,335$83
43 years$11,066$6,696$3,894$2,196$1,211$70
44 years$10,693$6,382$3,655$2,028$1,100$58
45 years$10,338$6,086$3,432$1,873$998$49
46 years$9,999$5,806$3,223$1,730$906$41
47 years$9,675$5,541$3,028$1,598$823$35
48 years$9,366$5,289$2,846$1,477$747$29
49 years$9,070$5,051$2,675$1,365$679$24
50 years$8,787$4,825$2,515$1,262$617$20

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 $4,203 every year, while hoping to spend $38,290 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: 44/45/11 Blend
65$9,000,000$9,000,000$9,000,000$9,000,000
66$9,922,335$9,445,335$9,305,835$10,327,440
67$10,893,673$9,867,417$9,576,841$11,031,658
68$11,962,804$10,308,896$9,855,641$11,790,245
69$13,139,663$10,770,685$10,142,458$12,611,568
70$14,435,196$11,253,736$10,437,517$13,501,410
71$15,861,465$11,759,048$10,741,053$14,466,119
72$17,431,760$12,287,667$11,053,304$15,512,659
73$19,160,727$12,840,690$11,374,517$16,648,678
74$21,064,503$13,419,265$11,704,945$17,882,572
75$23,160,869$14,024,597$12,044,848$19,223,559
76$25,469,420$14,657,944$12,394,493$20,681,766
77$28,011,747$15,320,629$12,754,154$22,268,318
78$30,811,641$16,014,036$13,124,114$23,995,436
79$33,895,320$16,739,615$13,504,663$25,876,549
80$37,291,671$17,498,885$13,896,098$27,926,417
81$41,032,530$18,293,438$14,298,726$30,161,262
82$45,152,975$19,124,944$14,712,860$32,598,917
83$49,691,662$19,995,150$15,138,825$35,258,987
84$54,691,188$20,905,888$15,576,952$38,163,028
85$60,198,491$21,859,079$16,027,581$41,334,745
86$66,265,296$22,856,732$16,491,064$44,800,210
87$72,948,601$23,900,958$16,967,760$48,588,094
88$80,311,218$24,993,964$17,458,039$52,729,939
89$88,422,360$26,138,066$17,962,281$57,260,442
90$97,358,299$27,335,690$18,480,877$62,217,774
91$107,203,086$28,589,379$19,014,226$67,643,937
92$118,049,339$29,901,797$19,562,741$73,585,143
93$129,999,123$31,275,737$20,126,845$80,092,250
94$143,164,912$32,714,125$20,706,971$87,221,224
95$157,670,645$34,220,030$21,303,568$95,033,660
96$173,652,906$35,796,666$21,917,092$103,597,353
97$191,262,202$37,447,403$22,548,014$112,986,928
98$210,664,392$39,175,771$23,196,819$123,284,528
99$232,042,250$40,985,474$23,864,001$134,580,579
100$255,597,187$42,880,389$24,550,073$146,974,632