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%11.2%
1 years$809,275$802,066$795,033$788,169$781,466$777,519
2 years$400,631$393,170$385,938$378,927$372,127$368,143
3 years$264,434$256,941$249,728$242,782$236,092$232,196
4 years$196,349$188,879$181,738$174,911$168,383$164,604
5 years$155,509$148,083$141,036$134,348$128,002$124,351
6 years$128,291$120,921$113,978$107,440$101,284$97,765
7 years$108,857$101,549$94,716$88,332$82,371$78,987
8 years$94,288$87,047$80,327$74,099$68,335$65,085
9 years$82,963$75,790$69,186$63,116$57,548$54,432
10 years$73,908$66,805$60,318$54,407$49,033$46,051
11 years$66,505$59,472$53,103$47,350$42,170$39,318
12 years$60,339$53,379$47,127$41,533$36,544$33,820
13 years$55,126$48,239$42,105$36,667$31,867$29,269
14 years$50,662$43,848$37,832$32,549$27,934$25,459
15 years$46,797$40,056$34,157$29,028$24,596$22,240
16 years$43,418$36,751$30,968$25,991$21,738$19,499
17 years$40,439$33,846$28,180$23,353$19,274$17,148
18 years$37,795$31,275$25,725$21,046$17,138$15,121
19 years$35,431$28,986$23,550$19,017$15,275$13,364
20 years$33,307$26,935$21,613$17,223$13,644$11,835
21 years$31,388$25,089$19,879$15,631$12,210$10,499
22 years$29,645$23,419$18,322$14,212$10,944$9,329
23 years$28,056$21,904$16,917$12,943$9,824$8,300
24 years$26,602$20,522$15,645$11,805$8,830$7,393
25 years$25,266$19,259$14,491$10,781$7,946$6,592
26 years$24,035$18,101$13,440$9,858$7,157$5,883
27 years$22,897$17,035$12,480$9,023$6,453$5,255
28 years$21,842$16,052$11,602$8,267$5,823$4,697
29 years$20,862$15,143$10,796$7,581$5,258$4,201
30 years$19,949$14,301$10,056$6,958$4,751$3,760
31 years$19,096$13,519$9,375$6,390$4,295$3,366
32 years$18,298$12,792$8,747$5,872$3,885$3,016
33 years$17,550$12,114$8,167$5,400$3,516$2,702
34 years$16,848$11,481$7,631$4,969$3,183$2,423
35 years$16,187$10,890$7,135$4,574$2,883$2,173
36 years$15,565$10,336$6,674$4,213$2,612$1,949
37 years$14,977$9,817$6,247$3,881$2,368$1,749
38 years$14,422$9,330$5,850$3,577$2,147$1,569
39 years$13,896$8,872$5,481$3,299$1,947$1,409
40 years$13,398$8,441$5,137$3,042$1,766$1,265
41 years$12,926$8,035$4,817$2,807$1,602$1,136
42 years$12,477$7,652$4,519$2,591$1,454$1,020
43 years$12,050$7,291$4,240$2,391$1,319$916
44 years$11,644$6,950$3,980$2,208$1,197$823
45 years$11,257$6,627$3,737$2,039$1,087$739
46 years$10,888$6,322$3,510$1,884$987$664
47 years$10,535$6,033$3,298$1,740$896$597
48 years$10,198$5,759$3,099$1,608$814$536
49 years$9,876$5,500$2,913$1,486$739$482
50 years$9,568$5,254$2,738$1,374$671$433

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 $6,348 every year, while hoping to spend $26,371 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: 83/7/10 Blend
65$9,800,000$9,800,000$9,800,000$9,800,000
66$10,806,148$10,286,748$10,134,848$11,686,145
67$11,880,317$10,762,740$10,446,307$12,738,950
68$13,063,166$11,261,172$10,767,316$13,890,712
69$14,365,755$11,783,115$11,098,167$15,154,741
70$15,800,268$12,329,693$11,439,161$16,542,296
71$17,380,131$12,902,084$11,790,608$18,065,774
72$19,120,139$13,501,521$12,152,829$19,738,834
73$21,036,596$14,129,298$12,526,151$21,576,515
74$23,147,467$14,786,772$12,910,915$23,595,386
75$25,472,549$15,475,364$13,307,471$25,813,693
76$28,033,656$16,196,564$13,716,179$28,251,536
77$30,854,828$16,951,935$14,137,410$30,931,057
78$33,962,554$17,743,113$14,571,547$33,876,644
79$37,386,025$18,571,816$15,018,984$37,115,164
80$41,157,408$19,439,843$15,480,128$40,676,213
81$45,312,149$20,349,081$15,955,398$44,592,394
82$49,889,309$21,301,507$16,445,224$48,899,624
83$54,931,932$22,299,195$16,950,053$53,637,473
84$60,487,451$23,344,317$17,470,342$58,849,532
85$66,608,135$24,439,153$18,006,563$64,583,826
86$73,351,585$25,586,091$18,559,202$70,893,266
87$80,781,273$26,787,636$19,128,762$77,836,143
88$88,967,146$28,046,414$19,715,759$85,476,682
89$97,986,282$29,365,176$20,320,724$93,885,641
90$107,923,622$30,746,808$20,944,208$103,140,978
91$118,872,767$32,194,338$21,586,774$113,328,590
92$130,936,865$33,710,935$22,249,006$124,543,112
93$144,229,581$35,299,927$22,931,504$136,888,819
94$158,876,174$36,964,799$23,634,885$150,480,599
95$175,014,678$38,709,209$24,359,788$165,445,041
96$192,797,203$40,536,988$25,106,869$181,921,623
97$212,391,373$42,452,156$25,876,805$200,064,029
98$233,981,908$44,458,926$26,670,292$220,041,596
99$257,772,365$46,561,716$27,488,049$242,040,910
100$283,987,064$48,765,158$28,330,817$266,267,564