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

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$743,212$736,591$730,133$723,828$717,673$689,198
2 years$367,927$361,074$354,433$347,994$341,749$313,414
3 years$242,848$235,966$229,342$222,963$216,820$189,517
4 years$180,321$173,460$166,902$160,633$154,638$128,575
5 years$142,814$135,995$129,523$123,381$117,553$92,797
6 years$117,818$111,050$104,674$98,669$93,016$69,581
7 years$99,971$93,260$86,984$81,121$75,647$53,526
8 years$86,591$79,941$73,770$68,051$62,756$41,926
9 years$76,191$69,603$63,538$57,964$52,850$33,279
10 years$67,875$61,351$55,394$49,966$45,031$26,681
11 years$61,076$54,618$48,768$43,485$38,728$21,557
12 years$55,414$49,022$43,280$38,142$33,561$17,522
13 years$50,626$44,301$38,668$33,674$29,266$14,310
14 years$46,527$40,269$34,743$29,892$25,654$11,732
15 years$42,977$36,786$31,369$26,658$22,588$9,648
16 years$39,873$33,751$28,440$23,870$19,963$7,954
17 years$37,138$31,083$25,879$21,447$17,701$6,570
18 years$34,710$28,722$23,625$19,328$15,739$5,437
19 years$32,539$26,619$21,627$17,464$14,028$4,505
20 years$30,588$24,736$19,848$15,817$12,530$3,737
21 years$28,825$23,041$18,257$14,355$11,213$3,102
22 years$27,225$21,508$16,826$13,052$10,051$2,578
23 years$25,766$20,116$15,536$11,887$9,022$2,143
24 years$24,430$18,847$14,368$10,841$8,110$1,783
25 years$23,203$17,687$13,308$9,901$7,297$1,484
26 years$22,073$16,623$12,342$9,053$6,573$1,235
27 years$21,028$15,644$11,461$8,286$5,926$1,029
28 years$20,059$14,741$10,654$7,592$5,347$857
29 years$19,159$13,907$9,915$6,962$4,829$714
30 years$18,320$13,133$9,235$6,390$4,363$595
31 years$17,537$12,416$8,610$5,868$3,944$496
32 years$16,804$11,748$8,033$5,393$3,568$413
33 years$16,118$11,125$7,501$4,959$3,229$345
34 years$15,473$10,544$7,008$4,563$2,924$287
35 years$14,866$10,001$6,552$4,201$2,648$239
36 years$14,294$9,492$6,129$3,869$2,399$200
37 years$13,754$9,016$5,737$3,564$2,175$167
38 years$13,244$8,568$5,372$3,285$1,971$139
39 years$12,762$8,147$5,033$3,029$1,788$116
40 years$12,304$7,752$4,718$2,794$1,622$97
41 years$11,870$7,379$4,424$2,578$1,471$81
42 years$11,458$7,027$4,150$2,379$1,335$67
43 years$11,066$6,696$3,894$2,196$1,211$56
44 years$10,693$6,382$3,655$2,028$1,100$47
45 years$10,338$6,086$3,432$1,873$998$39
46 years$9,999$5,806$3,223$1,730$906$32
47 years$9,675$5,541$3,028$1,598$823$27
48 years$9,366$5,289$2,846$1,477$747$23
49 years$9,070$5,051$2,675$1,365$679$19
50 years$8,787$4,825$2,515$1,262$617$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $9,000,000, adding $2,744 every year, while hoping to spend $32,433 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: 74/16/10 Blend
65$9,000,000$9,000,000$9,000,000$9,000,000
66$9,920,830$9,443,830$9,304,330$10,636,649
67$10,898,247$9,872,070$9,581,517$11,537,471
68$11,974,272$10,320,206$9,866,902$12,519,752
69$13,158,931$10,789,179$10,160,727$13,594,995
70$14,463,269$11,279,975$10,463,238$14,772,396
71$15,899,456$11,793,628$10,774,690$16,062,081
72$17,480,904$12,331,219$11,095,345$17,475,196
73$19,222,390$12,893,882$11,425,473$19,024,009
74$21,140,198$13,482,807$11,765,351$20,722,028
75$23,252,272$14,099,238$12,115,264$22,584,124
76$25,578,384$14,744,482$12,475,506$24,626,672
77$28,140,323$15,419,905$12,846,379$26,867,699
78$30,962,098$16,126,942$13,228,194$29,327,058
79$34,070,164$16,867,094$13,621,271$32,026,608
80$37,493,676$17,641,937$14,025,939$34,990,423
81$41,264,760$18,453,120$14,442,537$38,245,011
82$45,418,816$19,302,374$14,871,412$41,819,569
83$49,994,854$20,191,510$15,312,924$45,746,250
84$55,035,864$21,122,428$15,767,441$50,060,467
85$60,589,214$22,097,119$16,235,343$54,801,222
86$66,707,107$23,117,671$16,717,019$60,011,477
87$73,447,065$24,186,270$17,212,873$65,738,548
88$80,872,477$25,305,209$17,723,316$72,034,555
89$89,053,197$26,476,891$18,248,774$78,956,911
90$98,066,200$27,703,836$18,789,684$86,568,854
91$107,996,310$28,988,682$19,346,497$94,940,048
92$118,937,004$30,334,197$19,919,674$104,147,232
93$130,991,287$31,743,282$20,509,693$114,274,943
94$144,272,674$33,218,978$21,117,043$125,416,309
95$158,906,250$34,764,471$21,742,227$137,673,924
96$175,029,861$36,383,104$22,385,765$151,160,812
97$192,795,408$38,078,377$23,048,189$166,001,488
98$212,370,284$39,853,962$23,730,049$182,333,131
99$233,938,955$41,713,708$24,431,907$200,306,874
100$257,704,698$43,661,649$25,154,345$220,089,223