Can I retire at age 66 with 9,200,000?

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 $9,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$759,727$752,960$746,358$739,913$733,621$723,554
2 years$376,103$369,098$362,310$355,728$349,343$339,219
3 years$248,244$241,210$234,438$227,918$221,638$211,771
4 years$184,328$177,315$170,611$164,202$158,074$148,540
5 years$145,988$139,017$132,401$126,123$120,165$110,992
6 years$120,436$113,518$107,000$100,862$95,083$86,281
7 years$102,192$95,332$88,917$82,924$77,328$68,901
8 years$88,516$81,717$75,409$69,563$64,151$56,098
9 years$77,884$71,149$64,950$59,252$54,024$46,342
10 years$69,383$62,715$56,625$51,076$46,031$38,713
11 years$62,433$55,831$49,851$44,451$39,588$32,628
12 years$56,645$50,111$44,242$38,990$34,307$27,696
13 years$51,751$45,286$39,527$34,422$29,916$23,646
14 years$47,560$41,164$35,515$30,556$26,224$20,285
15 years$43,932$37,604$32,066$27,251$23,090$17,471
16 years$40,759$34,501$29,072$24,400$20,407$15,099
17 years$37,963$31,774$26,455$21,923$18,094$13,085
18 years$35,481$29,360$24,150$19,757$16,088$11,368
19 years$33,262$27,211$22,108$17,852$14,340$9,896
20 years$31,268$25,286$20,289$16,169$12,809$8,630
21 years$29,466$23,553$18,662$14,674$11,462$7,538
22 years$27,830$21,986$17,200$13,342$10,274$6,592
23 years$26,338$20,563$15,881$12,151$9,223$5,772
24 years$24,973$19,266$14,688$11,082$8,290$5,059
25 years$23,719$18,080$13,604$10,121$7,460$4,438
26 years$22,563$16,992$12,617$9,254$6,719$3,896
27 years$21,495$15,992$11,716$8,471$6,058$3,422
28 years$20,505$15,069$10,891$7,761$5,466$3,008
29 years$19,585$14,216$10,135$7,117$4,936$2,645
30 years$18,727$13,425$9,441$6,532$4,460$2,327
31 years$17,927$12,691$8,801$5,999$4,032$2,048
32 years$17,178$12,009$8,212$5,513$3,647$1,803
33 years$16,476$11,372$7,667$5,070$3,301$1,588
34 years$15,817$10,778$7,164$4,664$2,989$1,399
35 years$15,196$10,223$6,698$4,294$2,707$1,233
36 years$14,612$9,703$6,266$3,955$2,453$1,086
37 years$14,060$9,216$5,864$3,644$2,223$957
38 years$13,539$8,758$5,492$3,358$2,015$844
39 years$13,045$8,328$5,145$3,097$1,827$744
40 years$12,578$7,924$4,823$2,856$1,658$656
41 years$12,134$7,543$4,522$2,635$1,504$579
42 years$11,713$7,183$4,242$2,432$1,365$510
43 years$11,312$6,844$3,980$2,245$1,238$450
44 years$10,931$6,524$3,736$2,073$1,124$397
45 years$10,568$6,221$3,508$1,914$1,020$350
46 years$10,221$5,935$3,295$1,768$927$309
47 years$9,890$5,664$3,096$1,634$841$273
48 years$9,574$5,407$2,909$1,510$764$241
49 years$9,272$5,163$2,734$1,395$694$212
50 years$8,982$4,932$2,571$1,290$630$187

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $9,200,000, adding $5,429 every year, while hoping to spend $25,608 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: 54/16/30 Blend
65$9,200,000$9,200,000$9,200,000$9,200,000
66$10,144,000$9,656,400$9,513,800$10,606,567
67$11,151,441$10,102,317$9,805,266$11,373,683
68$12,260,783$10,569,225$10,105,637$12,205,389
69$13,482,393$11,058,127$10,415,186$13,110,442
70$14,827,694$11,570,072$10,734,191$14,095,903
71$16,309,273$12,106,160$11,062,941$15,169,536
72$17,941,002$12,667,545$11,401,732$16,339,881
73$19,738,164$13,255,435$11,750,871$17,616,331
74$21,717,604$13,871,098$12,110,672$19,009,221
75$23,897,880$14,515,863$12,481,460$20,529,918
76$26,299,445$15,191,120$12,863,569$22,190,929
77$28,944,834$15,898,331$13,257,345$24,006,019
78$31,858,882$16,639,025$13,663,142$25,990,331
79$35,068,957$17,414,806$14,081,325$28,160,535
80$38,605,213$18,227,354$14,512,273$30,534,975
81$42,500,884$19,078,433$14,956,372$33,133,843
82$46,792,588$19,969,890$15,414,025$35,979,364
83$51,520,679$20,903,662$15,885,641$39,096,005
84$56,729,625$21,881,779$16,371,648$42,510,701
85$62,468,430$22,906,369$16,872,481$46,253,106
86$68,791,093$23,979,664$17,388,592$50,355,868
87$75,757,121$25,104,004$17,920,446$54,854,935
88$83,432,087$26,281,840$18,468,522$59,789,889
89$91,888,254$27,515,744$19,033,311$65,204,317
90$101,205,252$28,808,412$19,615,323$71,146,214
91$111,470,832$30,162,668$20,215,081$77,668,436
92$122,781,695$31,581,477$20,833,123$84,829,193
93$135,244,402$33,067,943$21,470,007$92,692,591
94$148,976,383$34,625,324$22,126,304$101,329,234
95$164,107,043$36,257,034$22,802,604$110,816,885
96$180,778,985$37,966,653$23,499,515$121,241,193
97$199,149,355$39,757,932$24,217,663$132,696,497
98$219,391,327$41,634,809$24,957,692$145,286,709
99$241,695,735$43,601,407$25,720,268$159,126,291
100$266,272,877$45,662,053$26,506,074$174,341,324