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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.6%
1 years$759,727$752,960$746,358$739,913$733,621$728,692
2 years$376,103$369,098$362,310$355,728$349,343$344,372
3 years$248,244$241,210$234,438$227,918$221,638$216,779
4 years$184,328$177,315$170,611$164,202$158,074$153,364
5 years$145,988$139,017$132,401$126,123$120,165$115,619
6 years$120,436$113,518$107,000$100,862$95,083$90,705
7 years$102,192$95,332$88,917$82,924$77,328$73,121
8 years$88,516$81,717$75,409$69,563$64,151$60,115
9 years$77,884$71,149$64,950$59,252$54,024$50,159
10 years$69,383$62,715$56,625$51,076$46,031$42,334
11 years$62,433$55,831$49,851$44,451$39,588$36,057
12 years$56,645$50,111$44,242$38,990$34,307$30,937
13 years$51,751$45,286$39,527$34,422$29,916$26,706
14 years$47,560$41,164$35,515$30,556$26,224$23,169
15 years$43,932$37,604$32,066$27,251$23,090$20,186
16 years$40,759$34,501$29,072$24,400$20,407$17,649
17 years$37,963$31,774$26,455$21,923$18,094$15,479
18 years$35,481$29,360$24,150$19,757$16,088$13,611
19 years$33,262$27,211$22,108$17,852$14,340$11,995
20 years$31,268$25,286$20,289$16,169$12,809$10,592
21 years$29,466$23,553$18,662$14,674$11,462$9,369
22 years$27,830$21,986$17,200$13,342$10,274$8,300
23 years$26,338$20,563$15,881$12,151$9,223$7,362
24 years$24,973$19,266$14,688$11,082$8,290$6,538
25 years$23,719$18,080$13,604$10,121$7,460$5,811
26 years$22,563$16,992$12,617$9,254$6,719$5,170
27 years$21,495$15,992$11,716$8,471$6,058$4,604
28 years$20,505$15,069$10,891$7,761$5,466$4,102
29 years$19,585$14,216$10,135$7,117$4,936$3,657
30 years$18,727$13,425$9,441$6,532$4,460$3,262
31 years$17,927$12,691$8,801$5,999$4,032$2,912
32 years$17,178$12,009$8,212$5,513$3,647$2,600
33 years$16,476$11,372$7,667$5,070$3,301$2,322
34 years$15,817$10,778$7,164$4,664$2,989$2,075
35 years$15,196$10,223$6,698$4,294$2,707$1,854
36 years$14,612$9,703$6,266$3,955$2,453$1,658
37 years$14,060$9,216$5,864$3,644$2,223$1,482
38 years$13,539$8,758$5,492$3,358$2,015$1,326
39 years$13,045$8,328$5,145$3,097$1,827$1,186
40 years$12,578$7,924$4,823$2,856$1,658$1,061
41 years$12,134$7,543$4,522$2,635$1,504$950
42 years$11,713$7,183$4,242$2,432$1,365$850
43 years$11,312$6,844$3,980$2,245$1,238$761
44 years$10,931$6,524$3,736$2,073$1,124$681
45 years$10,568$6,221$3,508$1,914$1,020$610
46 years$10,221$5,935$3,295$1,768$927$546
47 years$9,890$5,664$3,096$1,634$841$489
48 years$9,574$5,407$2,909$1,510$764$438
49 years$9,272$5,163$2,734$1,395$694$392
50 years$8,982$4,932$2,571$1,290$630$351

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 $5,187 every year, while hoping to spend $52,433 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: 54/40/6 Blend
65$9,200,000$9,200,000$9,200,000$9,200,000
66$10,143,750$9,656,150$9,513,550$10,677,589
67$11,122,625$10,073,513$9,776,466$11,456,215
68$12,199,587$10,509,570$10,046,432$12,296,938
69$13,384,586$10,965,181$10,323,629$13,210,610
70$14,688,586$11,441,246$10,608,243$14,204,143
71$16,123,665$11,938,711$10,900,462$15,285,135
72$17,703,132$12,458,561$11,200,481$16,461,930
73$19,441,654$13,001,832$11,508,499$17,743,704
74$21,355,387$13,569,607$11,824,719$19,140,537
75$23,462,138$14,163,019$12,149,348$20,663,516
76$25,781,526$14,783,256$12,482,601$22,324,827
77$28,335,167$15,431,562$12,824,694$24,137,868
78$31,146,884$16,109,239$13,175,851$26,117,377
79$34,242,924$16,817,649$13,536,300$28,279,558
80$37,652,211$17,558,222$13,906,274$30,642,239
81$41,406,615$18,332,454$14,286,013$33,225,026
82$45,541,255$19,141,909$14,675,760$36,049,492
83$50,094,830$19,988,230$15,075,765$39,139,368
84$55,109,984$20,873,134$15,486,284$42,520,769
85$60,633,705$21,798,421$15,907,578$46,222,429
86$66,717,776$22,765,976$16,339,914$50,275,968
87$73,419,253$23,777,773$16,783,565$54,716,187
88$80,801,014$24,835,881$17,238,812$59,581,388
89$88,932,343$25,942,465$17,705,938$64,913,727
90$97,889,592$27,099,795$18,185,236$70,759,610
91$107,756,893$28,310,248$18,677,005$77,170,119
92$118,626,960$29,576,314$19,181,548$84,201,490
93$130,601,958$30,900,602$19,699,178$91,915,634
94$143,794,470$32,285,843$20,230,212$100,380,713
95$158,328,557$33,734,902$20,774,976$109,671,775
96$174,340,934$35,250,776$21,333,802$119,871,455
97$191,982,254$36,836,608$21,907,029$131,070,744
98$211,418,533$38,495,691$22,495,003$143,369,837
99$232,832,715$40,231,472$23,098,078$156,879,072
100$256,426,404$42,047,565$23,716,615$171,719,956