Can I retire at age 66 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$784,501$777,513$770,696$764,041$757,543$735,357
2 years$388,367$381,134$374,124$367,327$360,735$338,562
3 years$256,339$249,075$242,083$235,350$228,865$207,401
4 years$190,339$183,097$176,174$169,557$163,228$142,637
5 years$150,748$143,550$136,719$130,236$124,084$104,422
6 years$124,364$117,219$110,489$104,151$98,183$79,469
7 years$105,525$98,441$91,817$85,628$79,849$62,082
8 years$91,402$84,382$77,868$71,831$66,243$49,411
9 years$80,423$73,470$67,068$61,184$55,786$39,874
10 years$71,646$64,760$58,471$52,741$47,532$32,518
11 years$64,469$57,652$51,477$45,901$40,879$26,737
12 years$58,492$51,745$45,685$40,261$35,425$22,126
13 years$53,439$46,763$40,816$35,545$30,891$18,407
14 years$49,111$42,506$36,673$31,552$27,079$15,377
15 years$45,364$38,830$33,111$28,139$23,843$12,890
16 years$42,089$35,626$30,020$25,196$21,072$10,836
17 years$39,201$32,810$27,317$22,638$18,684$9,131
18 years$36,638$30,318$24,937$20,401$16,613$7,709
19 years$34,347$28,098$22,829$18,434$14,808$6,520
20 years$32,287$26,110$20,951$16,696$13,226$5,521
21 years$30,427$24,321$19,271$15,153$11,836$4,681
22 years$28,737$22,702$17,761$13,777$10,609$3,972
23 years$27,197$21,233$16,399$12,547$9,524$3,374
24 years$25,787$19,894$15,167$11,444$8,560$2,867
25 years$24,492$18,670$14,047$10,451$7,703$2,439
26 years$23,299$17,546$13,028$9,556$6,938$2,075
27 years$22,196$16,513$12,098$8,747$6,256$1,766
28 years$21,173$15,560$11,246$8,014$5,644$1,504
29 years$20,223$14,679$10,466$7,349$5,097$1,281
30 years$19,338$13,863$9,748$6,745$4,605$1,091
31 years$18,511$13,105$9,088$6,194$4,164$930
32 years$17,738$12,400$8,479$5,693$3,766$793
33 years$17,013$11,743$7,917$5,235$3,408$676
34 years$16,332$11,130$7,397$4,817$3,086$576
35 years$15,692$10,557$6,916$4,434$2,795$491
36 years$15,088$10,020$6,470$4,084$2,533$419
37 years$14,519$9,516$6,056$3,762$2,295$357
38 years$13,980$9,044$5,671$3,468$2,081$305
39 years$13,471$8,600$5,313$3,198$1,887$260
40 years$12,988$8,182$4,980$2,949$1,712$222
41 years$12,530$7,789$4,670$2,721$1,553$189
42 years$12,095$7,418$4,380$2,511$1,409$161
43 years$11,681$7,068$4,110$2,318$1,279$138
44 years$11,287$6,737$3,858$2,140$1,161$117
45 years$10,912$6,424$3,623$1,977$1,054$100
46 years$10,554$6,128$3,403$1,826$957$85
47 years$10,213$5,848$3,197$1,687$869$73
48 years$9,886$5,583$3,004$1,559$789$62
49 years$9,574$5,332$2,823$1,441$717$53
50 years$9,275$5,093$2,654$1,332$651$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $9,500,000, adding $2,152 every year, while hoping to spend $37,718 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: 57/32/11 Blend
65$9,500,000$9,500,000$9,500,000$9,500,000
66$10,471,220$9,967,720$9,820,470$11,039,624
67$11,499,153$10,416,006$10,109,324$11,871,912
68$12,630,670$10,884,995$10,406,590$12,773,986
69$13,876,299$11,375,660$10,712,511$13,756,001
70$15,247,637$11,889,022$11,027,336$14,825,614
71$16,757,463$12,426,152$11,351,319$15,991,240
72$18,419,861$12,988,170$11,684,725$17,262,131
73$20,250,347$13,576,251$12,027,824$18,648,459
74$22,266,021$14,191,625$12,380,894$20,161,409
75$24,485,722$14,835,582$12,744,221$21,813,283
76$26,930,212$15,509,472$13,118,099$23,617,606
77$29,622,370$16,214,712$13,502,831$25,589,261
78$32,587,404$16,952,785$13,898,728$27,744,615
79$35,853,093$17,725,246$14,306,109$30,101,675
80$39,450,048$18,533,722$14,725,304$32,680,254
81$43,412,001$19,379,923$15,156,649$35,502,152
82$47,776,121$20,265,635$15,600,493$38,591,356
83$52,583,369$21,192,735$16,057,193$41,974,265
84$57,878,880$22,163,186$16,527,116$45,679,933
85$63,712,390$23,179,047$17,010,640$49,740,334
86$70,138,710$24,242,477$17,508,152$54,190,665
87$77,218,236$25,355,735$18,020,053$59,069,669
88$85,017,522$26,521,193$18,546,751$64,419,994
89$93,609,912$27,741,333$19,088,669$70,288,590
90$103,076,223$29,018,759$19,646,240$76,727,146
91$113,505,519$30,356,199$20,219,910$83,792,574
92$124,995,942$31,756,513$20,810,137$91,547,532
93$137,655,643$33,222,697$21,417,392$100,061,013
94$151,603,803$34,757,893$22,042,158$109,408,991
95$166,971,753$36,365,393$22,684,933$119,675,121
96$183,904,223$38,048,647$23,346,229$130,951,530
97$202,560,697$39,811,274$24,026,571$143,339,672
98$223,116,925$41,657,064$24,726,499$156,951,276
99$245,766,583$43,589,992$25,446,568$171,909,394
100$270,723,096$45,614,222$26,187,349$188,349,552