Can I retire at age 66 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$767,985$761,144$754,470$747,956$741,595$731,117
2 years$380,191$373,110$366,248$359,594$353,141$342,604
3 years$250,943$243,832$236,987$230,396$224,047$213,780
4 years$186,331$179,242$172,466$165,987$159,792$149,873
5 years$147,575$140,528$133,840$127,494$121,471$111,930
6 years$121,745$114,752$108,163$101,958$96,116$86,963
7 years$103,303$96,368$89,884$83,825$78,168$69,407
8 years$89,478$82,605$76,229$70,319$64,848$56,477
9 years$78,730$71,923$65,656$59,896$54,611$46,627
10 years$70,137$63,396$57,240$51,631$46,532$38,928
11 years$63,111$56,438$50,393$44,934$40,019$32,789
12 years$57,261$50,656$44,723$39,414$34,679$27,814
13 years$52,314$45,778$39,957$34,796$30,241$23,731
14 years$48,077$41,611$35,901$30,888$26,509$20,345
15 years$44,409$38,012$32,414$27,547$23,341$17,511
16 years$41,203$34,876$29,388$24,665$20,629$15,122
17 years$38,376$32,119$26,742$22,162$18,291$13,097
18 years$35,867$29,680$24,412$19,972$16,263$11,369
19 years$33,624$27,507$22,348$18,046$14,496$9,890
20 years$31,608$25,561$20,510$16,344$12,948$8,619
21 years$29,786$23,809$18,865$14,834$11,587$7,522
22 years$28,132$22,225$17,387$13,487$10,386$6,574
23 years$26,625$20,786$16,054$12,283$9,323$5,751
24 years$25,245$19,475$14,847$11,203$8,380$5,037
25 years$23,977$18,277$13,752$10,231$7,541$4,415
26 years$22,809$17,177$12,754$9,355$6,792$3,872
27 years$21,729$16,166$11,843$8,563$6,124$3,399
28 years$20,728$15,233$11,010$7,845$5,526$2,985
29 years$19,797$14,370$10,245$7,194$4,990$2,623
30 years$18,931$13,571$9,543$6,603$4,508$2,306
31 years$18,122$12,829$8,897$6,064$4,076$2,028
32 years$17,365$12,139$8,301$5,573$3,687$1,784
33 years$16,655$11,496$7,751$5,125$3,337$1,570
34 years$15,988$10,896$7,242$4,715$3,021$1,381
35 years$15,361$10,334$6,771$4,341$2,736$1,216
36 years$14,771$9,809$6,334$3,998$2,479$1,071
37 years$14,213$9,316$5,928$3,683$2,247$943
38 years$13,686$8,854$5,551$3,395$2,037$831
39 years$13,187$8,419$5,201$3,130$1,847$732
40 years$12,715$8,010$4,875$2,887$1,676$645
41 years$12,266$7,625$4,571$2,664$1,520$568
42 years$11,840$7,261$4,288$2,458$1,379$501
43 years$11,435$6,919$4,024$2,269$1,252$441
44 years$11,050$6,595$3,777$2,095$1,136$389
45 years$10,682$6,289$3,546$1,935$1,032$343
46 years$10,332$5,999$3,331$1,788$937$302
47 years$9,998$5,725$3,129$1,651$850$266
48 years$9,678$5,466$2,941$1,526$772$235
49 years$9,372$5,219$2,764$1,410$701$207
50 years$9,080$4,986$2,599$1,304$637$182

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $9,300,000, adding $3,136 every year, while hoping to spend $28,543 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: 29/42/29 Blend
65$9,300,000$9,300,000$9,300,000$9,300,000
66$10,251,835$9,758,935$9,614,785$10,457,374
67$11,267,152$10,206,753$9,906,511$11,068,596
68$12,385,076$10,675,558$10,207,052$11,722,542
69$13,616,041$11,166,347$10,516,676$12,425,024
70$14,971,546$11,680,167$10,835,654$13,180,258
71$16,464,263$12,218,115$11,164,267$13,992,863
72$18,108,154$12,781,339$11,502,807$14,867,893
73$19,918,605$13,371,044$11,851,570$15,810,886
74$21,912,569$13,988,492$12,210,864$16,827,907
75$24,108,730$14,635,006$12,581,006$17,925,606
76$26,527,672$15,311,973$12,962,322$19,111,269
77$29,192,083$16,020,848$13,355,148$20,392,889
78$32,126,958$16,763,152$13,759,828$21,779,228
79$35,359,845$17,540,484$14,176,720$23,279,900
80$38,921,099$18,354,518$14,606,190$24,905,454
81$42,844,169$19,207,007$15,048,615$26,667,465
82$47,165,916$20,099,791$15,504,385$28,578,642
83$51,926,957$21,034,799$15,973,899$30,652,933
84$57,172,053$22,014,051$16,457,572$32,905,657
85$62,950,528$23,039,665$16,955,826$35,353,638
86$69,316,736$24,113,862$17,469,100$38,015,357
87$76,330,572$25,238,971$17,997,844$40,911,115
88$84,058,041$26,417,431$18,542,522$44,063,220
89$92,571,877$27,651,801$19,103,613$47,496,188
90$101,952,231$28,944,762$19,681,607$51,236,961
91$112,287,429$30,299,126$20,277,011$55,315,158
92$123,674,804$31,717,840$20,890,348$59,763,339
93$136,221,614$33,203,994$21,522,154$64,617,304
94$150,046,056$34,760,827$22,172,984$69,916,420
95$165,278,381$36,391,734$22,843,406$75,703,980
96$182,062,123$38,100,277$23,534,007$82,027,598
97$200,555,455$39,890,186$24,245,392$88,939,649
98$220,932,681$41,765,375$24,978,183$96,497,747
99$243,385,883$43,729,946$25,733,020$104,765,278
100$268,126,730$45,788,201$26,510,563$113,811,980