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%11.3%
1 years$751,469$744,776$738,245$731,871$725,647$721,679
2 years$372,015$365,086$358,371$351,861$345,546$341,542
3 years$245,546$238,588$231,890$225,441$219,229$215,313
4 years$182,324$175,387$168,757$162,417$156,356$152,558
5 years$144,401$137,506$130,962$124,752$118,859$115,191
6 years$119,127$112,284$105,837$99,765$94,049$90,515
7 years$101,082$94,296$87,951$82,023$76,487$73,089
8 years$87,554$80,829$74,589$68,807$63,453$60,191
9 years$77,037$70,376$64,244$58,608$53,437$50,310
10 years$68,629$62,033$56,009$50,521$45,531$42,538
11 years$61,754$55,224$49,310$43,968$39,158$36,297
12 years$56,029$49,566$43,761$38,566$33,934$31,202
13 years$51,189$44,794$39,098$34,048$29,591$26,986
14 years$47,043$40,716$35,129$30,224$25,939$23,458
15 years$43,454$37,195$31,717$26,954$22,839$20,478
16 years$40,316$34,126$28,756$24,135$20,185$17,942
17 years$37,551$31,428$26,167$21,685$17,897$15,768
18 years$35,095$29,041$23,887$19,542$15,914$13,894
19 years$32,901$26,915$21,867$17,658$14,184$12,271
20 years$30,928$25,011$20,069$15,993$12,670$10,860
21 years$29,146$23,297$18,459$14,515$11,338$9,627
22 years$27,527$21,747$17,013$13,197$10,163$8,547
23 years$26,052$20,339$15,709$12,019$9,123$7,598
24 years$24,702$19,056$14,528$10,962$8,200$6,763
25 years$23,461$17,884$13,456$10,011$7,378$6,026
26 years$22,318$16,808$12,480$9,154$6,646$5,374
27 years$21,261$15,818$11,588$8,379$5,992$4,796
28 years$20,282$14,905$10,773$7,677$5,407$4,283
29 years$19,372$14,061$10,025$7,040$4,882$3,828
30 years$18,524$13,279$9,338$6,461$4,411$3,423
31 years$17,732$12,553$8,706$5,933$3,988$3,063
32 years$16,991$11,878$8,122$5,453$3,608$2,741
33 years$16,297$11,249$7,584$5,015$3,265$2,454
34 years$15,645$10,661$7,086$4,614$2,956$2,199
35 years$15,031$10,112$6,625$4,247$2,677$1,970
36 years$14,453$9,598$6,197$3,912$2,426$1,766
37 years$13,907$9,116$5,801$3,604$2,199$1,583
38 years$13,392$8,663$5,432$3,322$1,993$1,419
39 years$12,904$8,238$5,089$3,063$1,808$1,273
40 years$12,441$7,838$4,770$2,825$1,640$1,142
41 years$12,002$7,461$4,473$2,607$1,487$1,025
42 years$11,586$7,105$4,196$2,406$1,350$919
43 years$11,189$6,770$3,937$2,221$1,225$825
44 years$10,812$6,453$3,696$2,050$1,112$741
45 years$10,453$6,154$3,470$1,894$1,009$665
46 years$10,110$5,870$3,259$1,749$916$597
47 years$9,783$5,602$3,062$1,616$832$536
48 years$9,470$5,348$2,877$1,493$756$481
49 years$9,171$5,107$2,705$1,380$686$432
50 years$8,885$4,878$2,543$1,276$623$388

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 $4,807 every year, while hoping to spend $54,450 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: 62/30/8 Blend
65$9,100,000$9,100,000$9,100,000$9,100,000
66$10,033,158$9,550,858$9,409,808$10,638,314
67$10,998,606$9,960,916$9,667,103$11,453,335
68$12,060,705$10,389,242$9,931,191$12,335,779
69$13,229,255$10,836,673$10,202,244$13,297,548
70$14,515,055$11,304,086$10,480,436$14,346,311
71$15,930,005$11,792,400$10,765,944$15,490,501
72$17,487,213$12,302,576$11,058,951$16,739,392
73$19,201,125$12,835,618$11,359,643$18,103,187
74$21,087,659$13,392,582$11,668,209$19,593,108
75$23,164,351$13,974,570$11,984,845$21,221,501
76$25,450,527$14,582,736$12,309,750$23,001,950
77$27,967,480$15,218,290$12,643,126$24,949,400
78$30,738,675$15,882,497$12,985,182$27,080,298
79$33,789,964$16,576,684$13,336,130$29,412,745
80$37,149,836$17,302,238$13,696,187$31,966,659
81$40,849,685$18,060,613$14,065,575$34,763,966
82$44,924,101$18,853,331$14,444,520$37,828,796
83$49,411,202$19,681,987$14,833,253$41,187,716
84$54,352,989$20,548,249$15,232,012$44,869,966
85$59,795,747$21,453,866$15,641,038$48,907,741
86$65,790,477$22,400,669$16,060,576$53,336,484
87$72,393,379$23,390,576$16,490,879$58,195,217
88$79,666,385$24,425,594$16,932,204$63,526,908
89$87,677,736$25,507,829$17,384,813$69,378,867
90$96,502,635$26,639,482$17,848,974$75,803,190
91$106,223,949$27,822,862$18,324,960$82,857,245
92$116,932,996$29,060,386$18,813,050$90,604,208
93$128,730,403$30,354,587$19,313,529$99,113,653
94$141,727,058$31,708,115$19,826,686$108,462,200
95$156,045,156$33,123,751$20,352,818$118,734,238
96$171,819,350$34,604,403$20,892,226$130,022,709
97$189,198,027$36,153,122$21,445,218$142,429,981
98$208,344,701$37,773,100$22,012,109$156,068,805
99$229,439,563$39,467,685$22,593,217$171,063,376
100$252,681,178$41,240,381$23,188,869$187,550,489