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

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$767,985$761,144$754,470$747,956$741,595$733,850
2 years$380,191$373,110$366,248$359,594$353,141$345,341
3 years$250,943$243,832$236,987$230,396$224,047$216,435
4 years$186,331$179,242$172,466$165,987$159,792$152,427
5 years$147,575$140,528$133,840$127,494$121,471$114,374
6 years$121,745$114,752$108,163$101,958$96,116$89,295
7 years$103,303$96,368$89,884$83,825$78,168$71,626
8 years$89,478$82,605$76,229$70,319$64,848$58,585
9 years$78,730$71,923$65,656$59,896$54,611$48,625
10 years$70,137$63,396$57,240$51,631$46,532$40,818
11 years$63,111$56,438$50,393$44,934$40,019$34,573
12 years$57,261$50,656$44,723$39,414$34,679$29,497
13 years$52,314$45,778$39,957$34,796$30,241$25,315
14 years$48,077$41,611$35,901$30,888$26,509$21,833
15 years$44,409$38,012$32,414$27,547$23,341$18,907
16 years$41,203$34,876$29,388$24,665$20,629$16,430
17 years$38,376$32,119$26,742$22,162$18,291$14,319
18 years$35,867$29,680$24,412$19,972$16,263$12,511
19 years$33,624$27,507$22,348$18,046$14,496$10,955
20 years$31,608$25,561$20,510$16,344$12,948$9,610
21 years$29,786$23,809$18,865$14,834$11,587$8,444
22 years$28,132$22,225$17,387$13,487$10,386$7,430
23 years$26,625$20,786$16,054$12,283$9,323$6,546
24 years$25,245$19,475$14,847$11,203$8,380$5,772
25 years$23,977$18,277$13,752$10,231$7,541$5,095
26 years$22,809$17,177$12,754$9,355$6,792$4,502
27 years$21,729$16,166$11,843$8,563$6,124$3,980
28 years$20,728$15,233$11,010$7,845$5,526$3,520
29 years$19,797$14,370$10,245$7,194$4,990$3,116
30 years$18,931$13,571$9,543$6,603$4,508$2,759
31 years$18,122$12,829$8,897$6,064$4,076$2,445
32 years$17,365$12,139$8,301$5,573$3,687$2,167
33 years$16,655$11,496$7,751$5,125$3,337$1,921
34 years$15,988$10,896$7,242$4,715$3,021$1,703
35 years$15,361$10,334$6,771$4,341$2,736$1,511
36 years$14,771$9,809$6,334$3,998$2,479$1,341
37 years$14,213$9,316$5,928$3,683$2,247$1,190
38 years$13,686$8,854$5,551$3,395$2,037$1,056
39 years$13,187$8,419$5,201$3,130$1,847$938
40 years$12,715$8,010$4,875$2,887$1,676$832
41 years$12,266$7,625$4,571$2,664$1,520$739
42 years$11,840$7,261$4,288$2,458$1,379$656
43 years$11,435$6,919$4,024$2,269$1,252$583
44 years$11,050$6,595$3,777$2,095$1,136$518
45 years$10,682$6,289$3,546$1,935$1,032$460
46 years$10,332$5,999$3,331$1,788$937$409
47 years$9,998$5,725$3,129$1,651$850$363
48 years$9,678$5,466$2,941$1,526$772$323
49 years$9,372$5,219$2,764$1,410$701$287
50 years$9,080$4,986$2,599$1,304$637$255

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 $5,829 every year, while hoping to spend $56,718 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: 55/38/7 Blend
65$9,300,000$9,300,000$9,300,000$9,300,000
66$10,254,613$9,761,713$9,617,563$10,801,854
67$11,240,236$10,179,689$9,879,403$11,589,911
68$12,324,491$10,616,245$10,148,115$12,440,684
69$13,517,380$11,072,232$10,423,868$13,365,560
70$14,829,921$11,548,540$10,706,835$14,371,584
71$16,274,255$12,046,100$10,997,196$15,466,499
72$17,863,758$12,565,888$11,295,132$16,658,816
73$19,613,172$13,108,927$11,600,829$17,957,888
74$21,538,735$13,676,285$11,914,477$19,373,999
75$23,658,345$14,269,081$12,236,270$20,918,457
76$25,991,718$14,888,488$12,566,407$22,603,694
77$28,560,583$15,535,733$12,905,091$24,443,384
78$31,388,879$16,212,101$13,252,529$26,452,563
79$34,502,988$16,918,937$13,608,932$28,647,773
80$37,931,978$17,657,650$13,974,516$31,047,211
81$41,707,879$18,429,715$14,349,502$33,670,893
82$45,865,989$19,236,677$14,734,116$36,540,845
83$50,445,198$20,080,153$15,128,588$39,681,302
84$55,488,365$20,961,837$15,533,152$43,118,931
85$61,042,714$21,883,502$15,948,048$46,883,080
86$67,160,284$22,847,007$16,373,521$51,006,048
87$73,898,420$23,854,298$16,809,821$55,523,387
88$81,320,311$24,907,410$17,257,202$60,474,225
89$89,495,589$26,008,479$17,715,924$65,901,636
90$98,500,984$27,159,740$18,186,253$71,853,037
91$108,421,050$28,363,533$18,668,458$78,380,629
92$119,348,961$29,622,310$19,162,816$85,541,883
93$131,387,391$30,938,640$19,669,606$93,400,073
94$144,649,484$32,315,212$20,189,117$102,024,868
95$159,259,919$33,754,844$20,721,640$111,492,983
96$175,356,087$35,260,489$21,267,472$121,888,888
97$193,089,393$36,835,237$21,826,916$133,305,603
98$212,626,675$38,482,328$22,400,282$145,845,565
99$234,151,788$40,205,154$22,987,884$159,621,582
100$257,867,334$42,007,271$23,590,042$174,757,893