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%16.2%
1 years$751,469$744,776$738,245$731,871$725,647$707,244
2 years$372,015$365,086$358,371$351,861$345,546$327,125
3 years$245,546$238,588$231,890$225,441$219,229$201,365
4 years$182,324$175,387$168,757$162,417$156,356$139,188
5 years$144,401$137,506$130,962$124,752$118,859$102,434
6 years$119,127$112,284$105,837$99,765$94,049$78,383
7 years$101,082$94,296$87,951$82,023$76,487$61,582
8 years$87,554$80,829$74,589$68,807$63,453$49,302
9 years$77,037$70,376$64,244$58,608$53,437$40,027
10 years$68,629$62,033$56,009$50,521$45,531$32,847
11 years$61,754$55,224$49,310$43,968$39,158$27,181
12 years$56,029$49,566$43,761$38,566$33,934$22,643
13 years$51,189$44,794$39,098$34,048$29,591$18,964
14 years$47,043$40,716$35,129$30,224$25,939$15,952
15 years$43,454$37,195$31,717$26,954$22,839$13,466
16 years$40,316$34,126$28,756$24,135$20,185$11,402
17 years$37,551$31,428$26,167$21,685$17,897$9,678
18 years$35,095$29,041$23,887$19,542$15,914$8,232
19 years$32,901$26,915$21,867$17,658$14,184$7,014
20 years$30,928$25,011$20,069$15,993$12,670$5,985
21 years$29,146$23,297$18,459$14,515$11,338$5,113
22 years$27,527$21,747$17,013$13,197$10,163$4,373
23 years$26,052$20,339$15,709$12,019$9,123$3,744
24 years$24,702$19,056$14,528$10,962$8,200$3,207
25 years$23,461$17,884$13,456$10,011$7,378$2,749
26 years$22,318$16,808$12,480$9,154$6,646$2,358
27 years$21,261$15,818$11,588$8,379$5,992$2,024
28 years$20,282$14,905$10,773$7,677$5,407$1,737
29 years$19,372$14,061$10,025$7,040$4,882$1,492
30 years$18,524$13,279$9,338$6,461$4,411$1,282
31 years$17,732$12,553$8,706$5,933$3,988$1,101
32 years$16,991$11,878$8,122$5,453$3,608$946
33 years$16,297$11,249$7,584$5,015$3,265$813
34 years$15,645$10,661$7,086$4,614$2,956$699
35 years$15,031$10,112$6,625$4,247$2,677$601
36 years$14,453$9,598$6,197$3,912$2,426$517
37 years$13,907$9,116$5,801$3,604$2,199$445
38 years$13,392$8,663$5,432$3,322$1,993$383
39 years$12,904$8,238$5,089$3,063$1,808$329
40 years$12,441$7,838$4,770$2,825$1,640$283
41 years$12,002$7,461$4,473$2,607$1,487$244
42 years$11,586$7,105$4,196$2,406$1,350$210
43 years$11,189$6,770$3,937$2,221$1,225$180
44 years$10,812$6,453$3,696$2,050$1,112$155
45 years$10,453$6,154$3,470$1,894$1,009$133
46 years$10,110$5,870$3,259$1,749$916$115
47 years$9,783$5,602$3,062$1,616$832$99
48 years$9,470$5,348$2,877$1,493$756$85
49 years$9,171$5,107$2,705$1,380$686$73
50 years$8,885$4,878$2,543$1,276$623$63

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 $4,768 every year, while hoping to spend $58,693 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: 69/15/16 Blend
65$9,100,000$9,100,000$9,100,000$9,100,000
66$10,033,118$9,550,818$9,409,768$10,687,394
67$10,994,047$9,956,359$9,662,547$11,529,274
68$12,051,024$10,379,805$9,921,826$12,442,645
69$13,213,783$10,821,970$10,187,762$13,440,503
70$14,493,051$11,283,709$10,460,514$14,531,163
71$15,900,645$11,765,913$10,740,244$15,723,780
72$17,449,587$12,269,519$11,027,118$17,028,429
73$19,154,224$12,795,504$11,321,305$18,456,202
74$21,030,364$13,344,893$11,622,978$20,019,310
75$23,095,426$13,918,758$11,932,313$21,731,194
76$25,368,604$14,518,222$12,249,490$23,606,656
77$27,871,045$15,144,458$12,574,691$25,661,992
78$30,626,053$15,798,698$12,908,105$27,915,146
79$33,659,305$16,482,228$13,249,921$30,385,876
80$36,999,094$17,196,398$13,600,333$33,095,941
81$40,676,598$17,942,617$13,959,541$36,069,302
82$44,726,170$18,722,365$14,327,745$39,332,348
83$49,185,667$19,537,188$14,705,151$42,914,140
84$54,096,801$20,388,706$15,091,970$46,846,688
85$59,505,538$21,278,616$15,488,414$51,165,243
86$65,462,528$22,208,694$15,894,701$55,908,637
87$72,023,585$23,180,799$16,311,053$61,119,637
88$79,250,213$24,196,880$16,737,695$66,845,353
89$87,210,183$25,258,976$17,174,856$73,137,679
90$95,978,178$26,369,222$17,622,771$80,053,775
91$105,636,495$27,529,856$18,081,676$87,656,609
92$116,275,818$28,743,220$18,551,813$96,015,547
93$127,996,082$30,011,768$19,033,429$105,207,002
94$140,907,406$31,338,069$19,526,773$115,315,154
95$155,131,141$32,724,813$20,032,099$126,432,740
96$170,801,009$34,174,821$20,549,666$138,661,927
97$188,064,367$35,691,043$21,079,736$152,115,271
98$207,083,601$37,276,572$21,622,575$166,916,777
99$228,037,651$38,934,647$22,178,454$183,203,064
100$251,123,708$40,668,661$22,747,649$201,124,650