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

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$776,243$769,329$762,583$755,999$749,569$742,669
2 years$384,279$377,122$370,186$363,461$356,938$349,985
3 years$253,641$246,453$239,535$232,873$226,456$219,667
4 years$188,335$181,169$174,320$167,772$161,510$154,937
5 years$149,162$142,039$135,279$128,865$122,778$116,440
6 years$123,055$115,985$109,326$103,054$97,150$91,055
7 years$104,414$97,404$90,850$84,727$79,009$73,160
8 years$90,440$83,494$77,048$71,075$65,545$59,942
9 years$79,577$72,696$66,362$60,540$55,199$49,839
10 years$70,892$64,078$57,856$52,186$47,032$41,913
11 years$63,790$57,045$50,935$45,418$40,449$35,567
12 years$57,876$51,201$45,204$39,837$35,052$30,402
13 years$52,876$46,270$40,386$35,170$30,566$26,142
14 years$48,594$42,058$36,287$31,220$26,794$22,591
15 years$44,887$38,421$32,763$27,843$23,592$19,603
16 years$41,646$35,251$29,704$24,930$20,850$17,070
17 years$38,789$32,465$27,030$22,400$18,487$14,908
18 years$36,252$29,999$24,675$20,187$16,438$13,054
19 years$33,985$27,802$22,588$18,240$14,652$11,455
20 years$31,948$25,835$20,730$16,520$13,087$10,071
21 years$30,106$24,065$19,068$14,993$11,712$8,869
22 years$28,435$22,463$17,574$13,632$10,498$7,821
23 years$26,911$21,010$16,227$12,415$9,423$6,906
24 years$25,516$19,685$15,007$11,323$8,470$6,104
25 years$24,235$18,473$13,899$10,341$7,622$5,401
26 years$23,054$17,362$12,891$9,455$6,865$4,783
27 years$21,962$16,339$11,970$8,655$6,190$4,238
28 years$20,951$15,397$11,128$7,930$5,585$3,758
29 years$20,010$14,525$10,356$7,272$5,043$3,335
30 years$19,134$13,717$9,646$6,674$4,557$2,960
31 years$18,317$12,967$8,993$6,129$4,120$2,629
32 years$17,551$12,270$8,390$5,633$3,727$2,336
33 years$16,834$11,620$7,834$5,180$3,373$2,076
34 years$16,160$11,013$7,320$4,766$3,054$1,846
35 years$15,527$10,445$6,843$4,387$2,766$1,641
36 years$14,929$9,914$6,402$4,041$2,506$1,460
37 years$14,366$9,416$5,992$3,723$2,271$1,299
38 years$13,833$8,949$5,611$3,431$2,059$1,156
39 years$13,329$8,509$5,257$3,164$1,867$1,029
40 years$12,851$8,096$4,927$2,918$1,694$916
41 years$12,398$7,707$4,620$2,692$1,536$815
42 years$11,968$7,340$4,334$2,485$1,394$726
43 years$11,558$6,993$4,067$2,294$1,265$646
44 years$11,169$6,666$3,818$2,118$1,149$576
45 years$10,797$6,357$3,585$1,956$1,043$513
46 years$10,443$6,064$3,367$1,807$947$457
47 years$10,105$5,787$3,163$1,669$860$407
48 years$9,782$5,524$2,972$1,542$781$362
49 years$9,473$5,275$2,794$1,425$709$323
50 years$9,178$5,039$2,627$1,318$644$288

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 $5,321 every year, while hoping to spend $50,491 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: 30/43/27 Blend
65$9,400,000$9,400,000$9,400,000$9,400,000
66$10,364,289$9,866,089$9,720,389$10,588,823
67$11,367,724$10,295,805$9,992,300$11,193,861
68$12,471,818$10,744,885$10,271,627$11,839,489
69$13,686,783$11,214,225$10,558,567$12,533,037
70$15,023,875$11,704,761$10,853,319$13,278,704
71$16,495,492$12,217,477$11,156,087$14,081,090
72$18,115,299$12,753,400$11,467,083$14,945,235
73$19,898,350$13,313,607$11,786,521$15,876,662
74$21,861,234$13,899,226$12,114,621$16,881,425
75$24,022,230$14,511,438$12,451,611$17,966,163
76$26,401,478$15,151,479$12,797,720$19,138,158
77$29,021,172$15,820,645$13,153,188$20,405,397
78$31,905,768$16,520,293$13,518,256$21,776,645
79$35,082,212$17,251,843$13,893,173$23,261,521
80$38,580,199$18,016,784$14,278,195$24,870,585
81$42,432,447$18,816,675$14,673,583$26,615,430
82$46,675,012$19,653,148$15,079,604$28,508,786
83$51,347,625$20,527,913$15,496,531$30,564,637
84$56,494,064$21,442,762$15,924,647$32,798,344
85$62,162,573$22,399,572$16,364,237$35,226,780
86$68,406,312$23,400,308$16,815,596$37,868,492
87$75,283,863$24,447,030$17,279,025$40,743,857
88$82,859,777$25,541,894$17,754,832$43,875,278
89$91,205,188$26,687,161$18,243,333$47,287,377
90$100,398,483$27,885,198$18,744,851$51,007,228
91$110,526,041$29,138,485$19,259,716$55,064,599
92$121,683,048$30,449,622$19,788,267$59,492,226
93$133,974,395$31,821,329$20,330,850$64,326,109
94$147,515,669$33,256,460$20,887,819$69,605,849
95$162,434,243$34,758,003$21,459,537$75,375,002
96$178,870,479$36,329,088$22,046,375$81,681,491
97$196,979,052$37,972,997$22,648,712$88,578,035
98$216,930,408$39,693,167$23,266,937$96,122,643
99$238,912,376$41,493,199$23,901,446$104,379,147
100$263,131,940$43,376,867$24,552,646$113,417,792