Can I retire at age 66 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$776,243$769,329$762,583$755,999$749,569$737,151
2 years$384,279$377,122$370,186$363,461$356,938$344,463
3 years$253,641$246,453$239,535$232,873$226,456$214,313
4 years$188,335$181,169$174,320$167,772$161,510$149,793
5 years$149,162$142,039$135,279$128,865$122,778$111,519
6 years$123,055$115,985$109,326$103,054$97,150$86,363
7 years$104,414$97,404$90,850$84,727$79,009$68,697
8 years$90,440$83,494$77,048$71,075$65,545$55,707
9 years$79,577$72,696$66,362$60,540$55,199$45,828
10 years$70,892$64,078$57,856$52,186$47,032$38,121
11 years$63,790$57,045$50,935$45,418$40,449$31,988
12 years$57,876$51,201$45,204$39,837$35,052$27,031
13 years$52,876$46,270$40,386$35,170$30,566$22,972
14 years$48,594$42,058$36,287$31,220$26,794$19,615
15 years$44,887$38,421$32,763$27,843$23,592$16,814
16 years$41,646$35,251$29,704$24,930$20,850$14,460
17 years$38,789$32,465$27,030$22,400$18,487$12,469
18 years$36,252$29,999$24,675$20,187$16,438$10,778
19 years$33,985$27,802$22,588$18,240$14,652$9,335
20 years$31,948$25,835$20,730$16,520$13,087$8,098
21 years$30,106$24,065$19,068$14,993$11,712$7,036
22 years$28,435$22,463$17,574$13,632$10,498$6,121
23 years$26,911$21,010$16,227$12,415$9,423$5,330
24 years$25,516$19,685$15,007$11,323$8,470$4,646
25 years$24,235$18,473$13,899$10,341$7,622$4,053
26 years$23,054$17,362$12,891$9,455$6,865$3,538
27 years$21,962$16,339$11,970$8,655$6,190$3,091
28 years$20,951$15,397$11,128$7,930$5,585$2,701
29 years$20,010$14,525$10,356$7,272$5,043$2,362
30 years$19,134$13,717$9,646$6,674$4,557$2,066
31 years$18,317$12,967$8,993$6,129$4,120$1,808
32 years$17,551$12,270$8,390$5,633$3,727$1,582
33 years$16,834$11,620$7,834$5,180$3,373$1,386
34 years$16,160$11,013$7,320$4,766$3,054$1,213
35 years$15,527$10,445$6,843$4,387$2,766$1,063
36 years$14,929$9,914$6,402$4,041$2,506$931
37 years$14,366$9,416$5,992$3,723$2,271$816
38 years$13,833$8,949$5,611$3,431$2,059$715
39 years$13,329$8,509$5,257$3,164$1,867$627
40 years$12,851$8,096$4,927$2,918$1,694$549
41 years$12,398$7,707$4,620$2,692$1,536$482
42 years$11,968$7,340$4,334$2,485$1,394$422
43 years$11,558$6,993$4,067$2,294$1,265$370
44 years$11,169$6,666$3,818$2,118$1,149$325
45 years$10,797$6,357$3,585$1,956$1,043$285
46 years$10,443$6,064$3,367$1,807$947$250
47 years$10,105$5,787$3,163$1,669$860$219
48 years$9,782$5,524$2,972$1,542$781$192
49 years$9,473$5,275$2,794$1,425$709$168
50 years$9,178$5,039$2,627$1,318$644$148

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $9,400,000, adding $4,948 every year, while hoping to spend $35,366 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: 56/31/13 Blend
65$9,400,000$9,400,000$9,400,000$9,400,000
66$10,363,904$9,865,704$9,720,004$10,909,540
67$11,383,393$10,311,494$10,007,995$11,725,623
68$12,505,685$10,777,943$10,304,448$12,609,817
69$13,741,227$11,266,025$10,609,610$13,572,108
70$15,101,534$11,776,762$10,923,734$14,619,968
71$16,599,291$12,311,224$11,247,080$15,761,609
72$18,248,478$12,870,533$11,579,916$17,006,058
73$20,064,498$13,455,864$11,922,518$18,363,240
74$22,064,323$14,068,448$12,275,169$19,844,069
75$24,266,659$14,709,577$12,638,162$21,460,545
76$26,692,113$15,380,601$13,011,795$23,225,868
77$29,363,397$16,082,939$13,396,379$25,154,555
78$32,305,535$16,818,075$13,792,229$27,262,574
79$35,546,105$17,587,565$14,199,674$29,567,495
80$39,115,492$18,393,041$14,619,048$32,088,645
81$43,047,184$19,236,211$15,050,697$34,847,291
82$47,378,077$20,118,866$15,494,976$37,866,835
83$52,148,835$21,042,885$15,952,252$41,173,028
84$57,404,263$22,010,233$16,422,899$44,794,213
85$63,193,737$23,022,973$16,907,305$48,761,582
86$69,571,665$24,083,266$17,405,867$53,109,469
87$76,598,005$25,193,376$17,918,994$57,875,666
88$84,338,828$26,355,678$18,447,107$63,101,775
89$92,866,942$27,572,659$18,990,638$68,833,595
90$102,262,578$28,846,927$19,550,032$75,121,546
91$112,614,150$30,181,216$20,125,747$82,021,141
92$124,019,087$31,578,389$20,718,253$89,593,500
93$136,584,753$33,041,450$21,328,035$97,905,922
94$150,429,464$34,573,546$21,955,589$107,032,510
95$165,683,596$36,177,977$22,601,428$117,054,866
96$182,490,824$37,858,200$23,266,078$128,062,851
97$201,009,477$39,617,840$23,950,080$140,155,421
98$221,414,026$41,460,697$24,653,990$153,441,560
99$243,896,740$43,390,754$25,378,382$168,041,291
100$268,669,492$45,412,186$26,123,842$184,086,803