Can I retire at age 66 with 9,100,000?

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 $9,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$751,469$744,776$738,245$731,871$725,647$700,737
2 years$372,015$365,086$358,371$351,861$345,546$320,703
3 years$245,546$238,588$231,890$225,441$219,229$195,233
4 years$182,324$175,387$168,757$162,417$156,356$133,392
5 years$144,401$137,506$130,962$124,752$118,859$96,987
6 years$119,127$112,284$105,837$99,765$94,049$73,286
7 years$101,082$94,296$87,951$82,023$76,487$56,829
8 years$87,554$80,829$74,589$68,807$63,453$44,885
9 years$77,037$70,376$64,244$58,608$53,437$35,935
10 years$68,629$62,033$56,009$50,521$45,531$29,067
11 years$61,754$55,224$49,310$43,968$39,158$23,700
12 years$56,029$49,566$43,761$38,566$33,934$19,445
13 years$51,189$44,794$39,098$34,048$29,591$16,034
14 years$47,043$40,716$35,129$30,224$25,939$13,274
15 years$43,454$37,195$31,717$26,954$22,839$11,026
16 years$40,316$34,126$28,756$24,135$20,185$9,182
17 years$37,551$31,428$26,167$21,685$17,897$7,664
18 years$35,095$29,041$23,887$19,542$15,914$6,408
19 years$32,901$26,915$21,867$17,658$14,184$5,367
20 years$30,928$25,011$20,069$15,993$12,670$4,500
21 years$29,146$23,297$18,459$14,515$11,338$3,777
22 years$27,527$21,747$17,013$13,197$10,163$3,173
23 years$26,052$20,339$15,709$12,019$9,123$2,667
24 years$24,702$19,056$14,528$10,962$8,200$2,244
25 years$23,461$17,884$13,456$10,011$7,378$1,888
26 years$22,318$16,808$12,480$9,154$6,646$1,590
27 years$21,261$15,818$11,588$8,379$5,992$1,339
28 years$20,282$14,905$10,773$7,677$5,407$1,128
29 years$19,372$14,061$10,025$7,040$4,882$951
30 years$18,524$13,279$9,338$6,461$4,411$801
31 years$17,732$12,553$8,706$5,933$3,988$676
32 years$16,991$11,878$8,122$5,453$3,608$570
33 years$16,297$11,249$7,584$5,015$3,265$480
34 years$15,645$10,661$7,086$4,614$2,956$405
35 years$15,031$10,112$6,625$4,247$2,677$342
36 years$14,453$9,598$6,197$3,912$2,426$288
37 years$13,907$9,116$5,801$3,604$2,199$243
38 years$13,392$8,663$5,432$3,322$1,993$205
39 years$12,904$8,238$5,089$3,063$1,808$173
40 years$12,441$7,838$4,770$2,825$1,640$146
41 years$12,002$7,461$4,473$2,607$1,487$123
42 years$11,586$7,105$4,196$2,406$1,350$104
43 years$11,189$6,770$3,937$2,221$1,225$88
44 years$10,812$6,453$3,696$2,050$1,112$74
45 years$10,453$6,154$3,470$1,894$1,009$62
46 years$10,110$5,870$3,259$1,749$916$53
47 years$9,783$5,602$3,062$1,616$832$44
48 years$9,470$5,348$2,877$1,493$756$38
49 years$9,171$5,107$2,705$1,380$686$32
50 years$8,885$4,878$2,543$1,276$623$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $9,100,000, adding $6,790 every year, while hoping to spend $29,829 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: 87/8/5 Blend
65$9,100,000$9,100,000$9,100,000$9,100,000
66$10,035,204$9,552,904$9,411,854$10,908,528
67$11,027,057$9,989,258$9,695,413$11,914,384
68$12,119,079$10,445,994$9,987,472$13,014,865
69$13,321,456$10,924,079$10,288,283$14,223,394
70$14,645,412$11,424,527$10,598,108$15,550,832
71$16,103,315$11,948,399$10,917,215$17,009,138
72$17,708,791$12,496,809$11,245,881$18,611,486
73$19,476,859$13,070,923$11,584,389$20,372,385
74$21,424,065$13,671,966$11,933,032$22,307,819
75$23,568,645$14,301,217$12,292,114$24,435,393
76$25,930,690$14,960,020$12,661,943$26,774,498
77$28,532,342$15,649,782$13,042,840$29,346,499
78$31,398,000$16,371,980$13,435,133$32,174,926
79$34,554,548$17,128,159$13,839,163$35,285,705
80$38,031,613$17,919,941$14,255,276$38,707,393
81$41,861,844$18,749,024$14,683,834$42,471,451
82$46,081,214$19,617,188$15,125,204$46,612,540
83$50,729,368$20,526,301$15,579,769$51,168,844
84$55,849,992$21,478,318$16,047,920$56,182,431
85$61,491,226$22,475,290$16,530,059$61,699,647
86$67,706,118$23,519,366$17,026,604$67,771,556
87$74,553,127$24,612,800$17,537,980$74,454,413
88$82,096,672$25,757,954$18,064,628$81,810,203
89$90,407,741$26,957,302$18,607,002$89,907,215
90$99,564,561$28,213,440$19,165,567$98,820,690
91$109,653,337$29,529,089$19,740,804$108,633,530
92$120,769,063$30,907,101$20,333,207$119,437,075
93$133,016,423$32,350,464$20,943,285$131,331,966
94$146,510,774$33,862,312$21,571,561$144,429,092
95$161,379,239$35,445,932$22,218,574$158,850,634
96$177,761,906$37,104,766$22,884,880$174,731,217
97$195,813,146$38,842,426$23,571,050$192,219,178
98$215,703,079$40,662,697$24,277,671$211,477,962
99$237,619,169$42,569,545$25,005,350$232,687,667
100$261,768,004$44,567,132$25,754,709$256,046,736