Can I retire at age 66 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$792,759$785,698$778,808$772,084$765,517$761,012
2 years$392,455$385,146$378,062$371,194$364,532$359,987
3 years$259,038$251,697$244,631$237,828$231,274$226,829
4 years$192,342$185,024$178,029$171,341$164,947$160,637
5 years$152,335$145,061$138,158$131,607$125,390$121,228
6 years$125,673$118,453$111,652$105,247$99,217$95,208
7 years$106,636$99,477$92,783$86,529$80,690$76,836
8 years$92,364$85,270$78,688$72,587$66,940$63,241
9 years$81,270$74,243$67,774$61,828$56,373$52,829
10 years$72,400$65,441$59,087$53,297$48,033$44,641
11 years$65,147$58,259$52,019$46,384$41,310$38,068
12 years$59,108$52,290$46,165$40,685$35,798$32,704
13 years$54,001$47,255$41,246$35,919$31,217$28,267
14 years$49,628$42,953$37,060$31,885$27,364$24,555
15 years$45,842$39,239$33,460$28,435$24,094$21,422
16 years$42,532$36,001$30,336$25,461$21,294$18,756
17 years$39,614$33,155$27,605$22,876$18,881$16,472
18 years$37,024$30,637$25,200$20,616$16,788$14,505
19 years$34,708$28,394$23,069$18,629$14,963$12,801
20 years$32,627$26,385$21,172$16,872$13,366$11,320
21 years$30,747$24,577$19,474$15,312$11,961$10,028
22 years$29,040$22,941$17,948$13,922$10,721$8,897
23 years$27,483$21,457$16,572$12,679$9,624$7,903
24 years$26,059$20,104$15,326$11,564$8,650$7,029
25 years$24,750$18,866$14,195$10,561$7,784$6,258
26 years$23,544$17,731$13,165$9,657$7,011$5,576
27 years$22,430$16,687$12,225$8,839$6,321$4,973
28 years$21,396$15,724$11,365$8,098$5,704$4,438
29 years$20,436$14,834$10,576$7,426$5,150$3,963
30 years$19,541$14,009$9,851$6,816$4,654$3,541
31 years$18,706$13,243$9,184$6,260$4,207$3,165
32 years$17,925$12,531$8,569$5,753$3,806$2,831
33 years$17,192$11,867$8,001$5,290$3,444$2,533
34 years$16,504$11,247$7,475$4,867$3,118$2,267
35 years$15,857$10,668$6,989$4,481$2,825$2,029
36 years$15,247$10,125$6,538$4,127$2,559$1,817
37 years$14,671$9,617$6,119$3,802$2,319$1,628
38 years$14,127$9,139$5,731$3,504$2,103$1,458
39 years$13,613$8,690$5,369$3,231$1,907$1,307
40 years$13,125$8,268$5,032$2,980$1,730$1,171
41 years$12,662$7,871$4,719$2,750$1,569$1,050
42 years$12,222$7,496$4,426$2,538$1,424$941
43 years$11,804$7,142$4,153$2,343$1,292$844
44 years$11,406$6,808$3,899$2,163$1,173$757
45 years$11,027$6,492$3,661$1,998$1,065$679
46 years$10,665$6,193$3,438$1,845$967$609
47 years$10,320$5,910$3,230$1,705$878$546
48 years$9,990$5,642$3,036$1,575$797$490
49 years$9,675$5,388$2,853$1,456$724$440
50 years$9,373$5,146$2,682$1,346$658$394

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $9,600,000, adding $4,019 every year, while hoping to spend $34,736 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: 84/7/9 Blend
65$9,600,000$9,600,000$9,600,000$9,600,000
66$10,583,346$10,074,546$9,925,746$11,459,427
67$11,625,888$10,531,239$10,221,299$12,489,300
68$12,773,606$11,009,147$10,525,590$13,615,223
69$14,037,189$11,509,271$10,838,873$14,850,872
70$15,428,420$12,032,663$11,161,413$16,207,254
71$16,960,279$12,580,423$11,493,480$17,696,492
72$18,647,069$13,153,706$11,835,353$19,331,937
73$20,504,552$13,753,720$12,187,319$21,128,294
74$22,550,096$14,381,732$12,549,675$23,101,762
75$24,802,839$15,039,070$12,922,722$25,270,182
76$27,283,870$15,727,126$13,306,775$27,653,207
77$30,016,427$16,447,357$13,702,154$30,272,485
78$33,026,118$17,201,293$14,109,191$33,151,863
79$36,341,159$17,990,533$14,528,226$36,317,612
80$39,992,645$18,816,757$14,959,610$39,798,670
81$44,014,841$19,681,724$15,403,702$43,626,919
82$48,445,503$20,587,277$15,860,875$47,837,478
83$53,326,240$21,535,349$16,331,509$52,469,042
84$58,702,899$22,527,963$16,815,997$57,564,236
85$64,626,004$23,567,244$17,314,743$63,170,024
86$71,151,232$24,655,414$17,828,163$69,338,144
87$78,339,935$25,794,806$18,356,683$76,125,602
88$86,259,720$26,987,864$18,900,744$83,595,200
89$94,985,091$28,237,148$19,460,798$91,816,135
90$104,598,146$29,545,345$20,037,311$100,864,645
91$115,189,357$30,915,266$20,630,761$110,824,730
92$126,858,421$32,349,864$21,241,640$121,788,938
93$139,715,201$33,852,228$21,870,457$133,859,243
94$153,880,765$35,425,601$22,517,731$147,148,002
95$169,488,527$37,073,380$23,183,999$161,779,012
96$186,685,507$38,799,125$23,869,813$177,888,680
97$205,633,717$40,606,571$24,575,739$195,627,305
98$226,511,692$42,499,629$25,302,363$215,160,495
99$249,516,176$44,482,402$26,050,283$236,670,729
100$274,863,976$46,559,190$26,820,118$260,359,075