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%13.6%
1 years$776,243$769,329$762,583$755,999$749,569$738,368
2 years$384,279$377,122$370,186$363,461$356,938$345,678
3 years$253,641$246,453$239,535$232,873$226,456$215,488
4 years$188,335$181,169$174,320$167,772$161,510$150,918
5 years$149,162$142,039$135,279$128,865$122,778$112,592
6 years$123,055$115,985$109,326$103,054$97,150$87,383
7 years$104,414$97,404$90,850$84,727$79,009$69,664
8 years$90,440$83,494$77,048$71,075$65,545$56,622
9 years$79,577$72,696$66,362$60,540$55,199$46,691
10 years$70,892$64,078$57,856$52,186$47,032$38,934
11 years$63,790$57,045$50,935$45,418$40,449$32,753
12 years$57,876$51,201$45,204$39,837$35,052$27,748
13 years$52,876$46,270$40,386$35,170$30,566$23,644
14 years$48,594$42,058$36,287$31,220$26,794$20,243
15 years$44,887$38,421$32,763$27,843$23,592$17,399
16 years$41,646$35,251$29,704$24,930$20,850$15,005
17 years$38,789$32,465$27,030$22,400$18,487$12,977
18 years$36,252$29,999$24,675$20,187$16,438$11,249
19 years$33,985$27,802$22,588$18,240$14,652$9,771
20 years$31,948$25,835$20,730$16,520$13,087$8,502
21 years$30,106$24,065$19,068$14,993$11,712$7,409
22 years$28,435$22,463$17,574$13,632$10,498$6,465
23 years$26,911$21,010$16,227$12,415$9,423$5,648
24 years$25,516$19,685$15,007$11,323$8,470$4,938
25 years$24,235$18,473$13,899$10,341$7,622$4,322
26 years$23,054$17,362$12,891$9,455$6,865$3,785
27 years$21,962$16,339$11,970$8,655$6,190$3,317
28 years$20,951$15,397$11,128$7,930$5,585$2,908
29 years$20,010$14,525$10,356$7,272$5,043$2,551
30 years$19,134$13,717$9,646$6,674$4,557$2,239
31 years$18,317$12,967$8,993$6,129$4,120$1,966
32 years$17,551$12,270$8,390$5,633$3,727$1,726
33 years$16,834$11,620$7,834$5,180$3,373$1,516
34 years$16,160$11,013$7,320$4,766$3,054$1,333
35 years$15,527$10,445$6,843$4,387$2,766$1,171
36 years$14,929$9,914$6,402$4,041$2,506$1,029
37 years$14,366$9,416$5,992$3,723$2,271$905
38 years$13,833$8,949$5,611$3,431$2,059$796
39 years$13,329$8,509$5,257$3,164$1,867$700
40 years$12,851$8,096$4,927$2,918$1,694$616
41 years$12,398$7,707$4,620$2,692$1,536$542
42 years$11,968$7,340$4,334$2,485$1,394$476
43 years$11,558$6,993$4,067$2,294$1,265$419
44 years$11,169$6,666$3,818$2,118$1,149$369
45 years$10,797$6,357$3,585$1,956$1,043$324
46 years$10,443$6,064$3,367$1,807$947$286
47 years$10,105$5,787$3,163$1,669$860$251
48 years$9,782$5,524$2,972$1,542$781$221
49 years$9,473$5,275$2,794$1,425$709$195
50 years$9,178$5,039$2,627$1,318$644$171

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 $6,897 every year, while hoping to spend $30,999 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: 48/22/30 Blend
65$9,400,000$9,400,000$9,400,000$9,400,000
66$10,365,914$9,867,714$9,722,014$10,774,239
67$11,390,255$10,318,250$10,014,719$11,513,600
68$12,518,039$10,789,822$10,316,190$12,312,526
69$13,759,786$11,283,430$10,626,690$13,179,621
70$15,127,085$11,800,119$10,946,485$14,121,338
71$16,632,709$12,340,986$11,275,853$15,144,775
72$18,290,730$12,907,179$11,615,079$16,257,727
73$20,116,656$13,499,903$11,964,456$17,468,766
74$22,127,575$14,120,418$12,324,285$18,787,317
75$24,342,317$14,770,048$12,694,878$20,223,740
76$26,781,631$15,450,178$13,076,554$21,789,432
77$29,468,381$16,162,261$13,469,643$23,496,923
78$32,427,764$16,907,819$13,874,483$25,359,998
79$35,687,542$17,688,448$14,291,425$27,393,818
80$39,278,310$18,505,821$14,720,826$29,615,065
81$43,233,781$19,361,690$15,163,058$32,042,091
82$47,591,107$20,257,893$15,618,500$34,695,090
83$52,391,226$21,196,355$16,087,545$37,596,282
84$57,679,250$22,179,096$16,570,597$40,770,121
85$63,504,892$23,208,230$17,068,071$44,243,522
86$69,922,935$24,285,977$17,580,395$48,046,104
87$76,993,744$25,414,660$18,108,008$52,210,474
88$84,783,845$26,596,717$18,651,365$56,772,523
89$93,366,542$27,834,702$19,210,931$61,771,762
90$102,822,620$29,131,292$19,787,188$67,251,688
91$113,241,097$30,489,295$20,380,629$73,260,190
92$124,720,072$31,911,654$20,991,762$79,849,995
93$137,367,646$33,401,452$21,621,113$87,079,159
94$151,302,946$34,961,923$22,269,221$95,011,609
95$166,657,246$36,596,457$22,936,639$103,717,738
96$183,575,209$38,308,607$23,623,940$113,275,064
97$202,216,250$40,102,098$24,331,712$123,768,954
98$222,756,043$41,980,837$25,060,560$135,293,421
99$245,388,177$43,948,916$25,811,107$147,952,005
100$270,325,986$46,010,628$26,583,994$161,858,739