Can I retire at age 66 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$809,275$802,066$795,033$788,169$781,466$756,148
2 years$400,631$393,170$385,938$378,927$372,127$346,857
3 years$264,434$256,941$249,728$242,782$236,092$211,664
4 years$196,349$188,879$181,738$174,911$168,383$144,983
5 years$155,509$148,083$141,036$134,348$128,002$105,693
6 years$128,291$120,921$113,978$107,440$101,284$80,084
7 years$108,857$101,549$94,716$88,332$82,371$62,278
8 years$94,288$87,047$80,327$74,099$68,335$49,334
9 years$82,963$75,790$69,186$63,116$57,548$39,618
10 years$73,908$66,805$60,318$54,407$49,033$32,147
11 years$66,505$59,472$53,103$47,350$42,170$26,296
12 years$60,339$53,379$47,127$41,533$36,544$21,647
13 years$55,126$48,239$42,105$36,667$31,867$17,910
14 years$50,662$43,848$37,832$32,549$27,934$14,880
15 years$46,797$40,056$34,157$29,028$24,596$12,403
16 years$43,418$36,751$30,968$25,991$21,738$10,367
17 years$40,439$33,846$28,180$23,353$19,274$8,685
18 years$37,795$31,275$25,725$21,046$17,138$7,289
19 years$35,431$28,986$23,550$19,017$15,275$6,127
20 years$33,307$26,935$21,613$17,223$13,644$5,157
21 years$31,388$25,089$19,879$15,631$12,210$4,345
22 years$29,645$23,419$18,322$14,212$10,944$3,664
23 years$28,056$21,904$16,917$12,943$9,824$3,093
24 years$26,602$20,522$15,645$11,805$8,830$2,612
25 years$25,266$19,259$14,491$10,781$7,946$2,207
26 years$24,035$18,101$13,440$9,858$7,157$1,866
27 years$22,897$17,035$12,480$9,023$6,453$1,578
28 years$21,842$16,052$11,602$8,267$5,823$1,335
29 years$20,862$15,143$10,796$7,581$5,258$1,130
30 years$19,949$14,301$10,056$6,958$4,751$956
31 years$19,096$13,519$9,375$6,390$4,295$809
32 years$18,298$12,792$8,747$5,872$3,885$685
33 years$17,550$12,114$8,167$5,400$3,516$580
34 years$16,848$11,481$7,631$4,969$3,183$491
35 years$16,187$10,890$7,135$4,574$2,883$416
36 years$15,565$10,336$6,674$4,213$2,612$353
37 years$14,977$9,817$6,247$3,881$2,368$299
38 years$14,422$9,330$5,850$3,577$2,147$253
39 years$13,896$8,872$5,481$3,299$1,947$214
40 years$13,398$8,441$5,137$3,042$1,766$182
41 years$12,926$8,035$4,817$2,807$1,602$154
42 years$12,477$7,652$4,519$2,591$1,454$130
43 years$12,050$7,291$4,240$2,391$1,319$110
44 years$11,644$6,950$3,980$2,208$1,197$94
45 years$11,257$6,627$3,737$2,039$1,087$79
46 years$10,888$6,322$3,510$1,884$987$67
47 years$10,535$6,033$3,298$1,740$896$57
48 years$10,198$5,759$3,099$1,608$814$48
49 years$9,876$5,500$2,913$1,486$739$41
50 years$9,568$5,254$2,738$1,374$671$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $9,800,000, adding $2,554 every year, while hoping to spend $27,195 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: 32/48/20 Blend
65$9,800,000$9,800,000$9,800,000$9,800,000
66$10,802,234$10,282,834$10,130,934$11,080,811
67$11,875,127$10,757,758$10,441,385$11,764,444
68$13,056,543$11,255,041$10,761,325$12,497,640
69$14,357,524$11,775,752$11,091,043$13,286,817
70$15,790,235$12,321,007$11,430,836$14,136,892
71$17,368,081$12,891,979$11,781,012$15,053,244
72$19,105,837$13,489,897$12,141,887$16,041,767
73$21,019,779$14,116,049$12,513,787$17,108,918
74$23,127,845$14,771,784$12,897,048$18,261,772
75$25,449,802$15,458,518$13,292,015$19,508,082
76$28,007,430$16,177,734$13,699,046$20,856,350
77$30,824,732$16,930,986$14,118,507$22,315,899
78$33,928,155$17,719,905$14,550,778$23,896,955
79$37,346,845$18,546,199$14,996,247$25,610,737
80$41,112,919$19,411,659$15,455,318$27,469,554
81$45,261,769$20,318,162$15,928,403$29,486,920
82$49,832,394$21,267,677$16,415,929$31,677,665
83$54,867,772$22,262,266$16,918,337$34,058,075
84$60,415,261$23,304,094$17,436,077$36,646,034
85$66,527,050$24,395,427$17,969,618$39,461,183
86$73,260,648$25,538,642$18,519,440$42,525,099
87$80,679,431$26,736,232$19,086,037$45,861,488
88$88,853,234$27,990,809$19,669,921$49,496,398
89$97,859,018$29,305,111$20,271,617$53,458,455
90$107,781,587$30,682,012$20,891,666$57,779,125
91$118,714,399$32,124,520$21,530,626$62,492,994
92$130,760,439$33,635,793$22,189,074$67,638,087
93$144,033,196$35,219,139$22,867,600$73,256,214
94$158,657,733$36,878,028$23,566,815$79,393,350
95$174,771,867$38,616,096$24,287,348$86,100,057
96$192,527,470$40,437,158$25,029,847$93,431,945
97$212,091,904$42,345,211$25,794,980$101,450,184
98$233,649,600$44,344,447$26,583,433$110,222,064
99$257,403,796$46,439,263$27,395,915$119,821,615
100$283,578,462$48,634,265$28,233,157$130,330,289