Can I retire at age 66 with 9,200,000?

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 $9,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$759,727$752,960$746,358$739,913$733,621$711,562
2 years$376,103$369,098$362,310$355,728$349,343$327,306
3 years$248,244$241,210$234,438$227,918$221,638$200,312
4 years$184,328$177,315$170,611$164,202$158,074$137,623
5 years$145,988$139,017$132,401$126,123$120,165$100,645
6 years$120,436$113,518$107,000$100,862$95,083$76,510
7 years$102,192$95,332$88,917$82,924$77,328$59,703
8 years$88,516$81,717$75,409$69,563$64,151$47,462
9 years$77,884$71,149$64,950$59,252$54,024$38,254
10 years$69,383$62,715$56,625$51,076$46,031$31,158
11 years$62,433$55,831$49,851$44,451$39,588$25,585
12 years$56,645$50,111$44,242$38,990$34,307$21,146
13 years$51,751$45,286$39,527$34,422$29,916$17,567
14 years$47,560$41,164$35,515$30,556$26,224$14,655
15 years$43,932$37,604$32,066$27,251$23,090$12,268
16 years$40,759$34,501$29,072$24,400$20,407$10,298
17 years$37,963$31,774$26,455$21,923$18,094$8,665
18 years$35,481$29,360$24,150$19,757$16,088$7,305
19 years$33,262$27,211$22,108$17,852$14,340$6,169
20 years$31,268$25,286$20,289$16,169$12,809$5,216
21 years$29,466$23,553$18,662$14,674$11,462$4,415
22 years$27,830$21,986$17,200$13,342$10,274$3,741
23 years$26,338$20,563$15,881$12,151$9,223$3,172
24 years$24,973$19,266$14,688$11,082$8,290$2,692
25 years$23,719$18,080$13,604$10,121$7,460$2,286
26 years$22,563$16,992$12,617$9,254$6,719$1,942
27 years$21,495$15,992$11,716$8,471$6,058$1,650
28 years$20,505$15,069$10,891$7,761$5,466$1,403
29 years$19,585$14,216$10,135$7,117$4,936$1,193
30 years$18,727$13,425$9,441$6,532$4,460$1,015
31 years$17,927$12,691$8,801$5,999$4,032$863
32 years$17,178$12,009$8,212$5,513$3,647$734
33 years$16,476$11,372$7,667$5,070$3,301$625
34 years$15,817$10,778$7,164$4,664$2,989$532
35 years$15,196$10,223$6,698$4,294$2,707$453
36 years$14,612$9,703$6,266$3,955$2,453$386
37 years$14,060$9,216$5,864$3,644$2,223$328
38 years$13,539$8,758$5,492$3,358$2,015$279
39 years$13,045$8,328$5,145$3,097$1,827$238
40 years$12,578$7,924$4,823$2,856$1,658$203
41 years$12,134$7,543$4,522$2,635$1,504$173
42 years$11,713$7,183$4,242$2,432$1,365$147
43 years$11,312$6,844$3,980$2,245$1,238$125
44 years$10,931$6,524$3,736$2,073$1,124$107
45 years$10,568$6,221$3,508$1,914$1,020$91
46 years$10,221$5,935$3,295$1,768$927$77
47 years$9,890$5,664$3,096$1,634$841$66
48 years$9,574$5,407$2,909$1,510$764$56
49 years$9,272$5,163$2,734$1,395$694$48
50 years$8,982$4,932$2,571$1,290$630$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $9,200,000, adding $4,179 every year, while hoping to spend $28,869 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: 58/15/27 Blend
65$9,200,000$9,200,000$9,200,000$9,200,000
66$10,142,711$9,655,111$9,512,511$10,656,139
67$11,146,551$10,097,495$9,800,463$11,450,361
68$12,251,815$10,560,588$10,097,095$12,312,516
69$13,468,818$11,045,375$10,402,666$13,252,001
70$14,808,926$11,552,887$10,717,443$14,276,316
71$16,284,663$12,084,205$11,041,704$15,393,715
72$17,909,830$12,640,462$11,375,733$16,613,275
73$19,699,634$13,222,846$11,719,821$17,944,986
74$21,670,833$13,832,601$12,074,271$19,399,838
75$23,841,891$14,471,033$12,439,393$20,989,925
76$26,233,158$15,139,507$12,815,506$22,728,558
77$28,867,055$15,839,457$13,202,940$24,630,384
78$31,768,289$16,572,386$13,602,034$26,711,529
79$34,964,089$17,339,867$14,013,136$28,989,738
80$38,484,457$18,143,551$14,436,607$31,484,549
81$42,362,454$18,985,167$14,872,816$34,217,469
82$46,634,513$19,866,529$15,322,144$37,212,177
83$51,340,781$20,789,537$15,784,984$40,494,740
84$56,525,500$21,756,184$16,261,739$44,093,863
85$62,237,420$22,768,556$16,752,827$48,041,150
86$68,530,265$23,828,844$17,258,676$52,371,404
87$75,463,237$24,939,342$17,779,726$57,122,947
88$83,101,572$26,102,455$18,316,432$62,337,982
89$91,517,162$27,320,704$18,869,261$68,062,987
90$100,789,228$28,596,734$19,438,697$74,349,146
91$111,005,070$29,933,315$20,025,234$81,252,834
92$122,260,891$31,333,351$20,629,383$88,836,139
93$134,662,704$32,799,888$21,251,670$97,167,447
94$148,327,336$34,336,118$21,892,637$106,322,081
95$163,383,525$35,945,388$22,552,841$116,383,008
96$179,973,139$37,631,207$23,232,855$127,441,619
97$198,252,515$39,397,252$23,933,272$139,598,580
98$218,393,934$41,247,381$24,654,700$152,964,783
99$240,587,248$43,185,634$25,397,764$167,662,385
100$265,041,669$45,216,252$26,163,111$183,825,954