Can I retire at age 66 with 9,900,000?

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 $9,900,000?

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%
1 years$817,533$810,251$803,146$796,211$789,440$763,558
2 years$404,719$397,182$389,877$382,794$375,924$350,095
3 years$267,133$259,563$252,276$245,260$238,501$213,537
4 years$198,353$190,806$183,592$176,696$170,101$146,192
5 years$157,096$149,594$142,475$135,719$129,308$106,518
6 years$129,600$122,155$115,141$108,536$102,317$80,665
7 years$109,968$102,586$95,683$89,233$83,211$62,694
8 years$95,251$87,935$81,147$74,856$69,032$49,635
9 years$83,810$76,563$69,892$63,760$58,135$39,835
10 years$74,662$67,487$60,933$54,962$49,534$32,303
11 years$67,183$60,079$53,644$47,833$42,601$26,406
12 years$60,955$53,924$47,608$41,956$36,917$21,723
13 years$55,689$48,731$42,535$37,041$32,192$17,961
14 years$51,179$44,296$38,218$32,881$28,219$14,911
15 years$47,274$40,465$34,505$29,324$24,847$12,421
16 years$43,861$37,126$31,284$26,257$21,960$10,374
17 years$40,852$34,191$28,467$23,591$19,471$8,684
18 years$38,180$31,594$25,987$21,261$17,313$7,283
19 years$35,793$29,281$23,790$19,211$15,431$6,118
20 years$33,647$27,210$21,833$17,399$13,783$5,145
21 years$31,708$25,345$20,082$15,791$12,335$4,332
22 years$29,947$23,658$18,509$14,357$11,056$3,650
23 years$28,342$22,127$17,090$13,076$9,925$3,079
24 years$26,873$20,732$15,805$11,926$8,920$2,598
25 years$25,524$19,456$14,639$10,891$8,027$2,193
26 years$24,280$18,285$13,577$9,958$7,231$1,853
27 years$23,131$17,209$12,607$9,115$6,519$1,566
28 years$22,065$16,216$11,720$8,351$5,882$1,323
29 years$21,075$15,297$10,906$7,658$5,311$1,119
30 years$20,152$14,447$10,159$7,029$4,799$946
31 years$19,291$13,657$9,471$6,455$4,339$800
32 years$18,485$12,922$8,836$5,932$3,925$677
33 years$17,729$12,238$8,251$5,455$3,552$573
34 years$17,020$11,599$7,709$5,019$3,216$485
35 years$16,352$11,001$7,207$4,621$2,913$410
36 years$15,723$10,442$6,742$4,255$2,639$347
37 years$15,130$9,917$6,311$3,921$2,392$294
38 years$14,569$9,425$5,910$3,614$2,169$249
39 years$14,038$8,962$5,537$3,332$1,966$211
40 years$13,535$8,527$5,190$3,074$1,784$178
41 years$13,058$8,117$4,866$2,836$1,618$151
42 years$12,604$7,730$4,565$2,617$1,468$128
43 years$12,173$7,365$4,283$2,416$1,333$108
44 years$11,763$7,020$4,021$2,231$1,210$92
45 years$11,372$6,695$3,775$2,060$1,098$78
46 years$10,999$6,386$3,546$1,903$997$66
47 years$10,643$6,095$3,331$1,758$905$56
48 years$10,302$5,818$3,130$1,624$822$47
49 years$9,977$5,556$2,942$1,501$747$40
50 years$9,666$5,307$2,766$1,388$678$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $9,900,000, adding $2,612 every year, while hoping to spend $23,180 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: 51/42/7 Blend
65$9,900,000$9,900,000$9,900,000$9,900,000
66$10,912,494$10,387,794$10,234,344$11,449,896
67$12,000,905$10,872,133$10,552,531$12,300,064
68$13,199,557$11,379,427$10,880,601$13,221,027
69$14,519,671$11,910,777$11,218,860$14,221,591
70$15,973,609$12,467,337$11,567,623$15,309,235
71$17,574,996$13,050,316$11,927,218$16,492,175
72$19,338,845$13,660,981$12,297,979$17,779,429
73$21,281,700$14,300,662$12,680,254$19,180,906
74$23,421,790$14,970,751$13,074,399$20,707,492
75$25,779,204$15,672,709$13,480,783$22,371,146
76$28,376,079$16,408,067$13,899,785$24,185,013
77$31,236,807$17,178,431$14,331,796$26,163,538
78$34,388,271$17,985,484$14,777,220$28,322,598
79$37,860,091$18,830,989$15,236,474$30,679,650
80$41,684,910$19,716,797$15,709,985$33,253,884
81$45,898,697$20,644,846$16,198,196$36,066,404
82$50,541,091$21,617,171$16,701,563$39,140,415
83$55,655,773$22,635,903$17,220,556$42,501,441
84$61,290,876$23,703,276$17,755,659$46,177,552
85$67,499,443$24,821,635$18,307,371$50,199,630
86$74,339,927$25,993,435$18,876,208$54,601,644
87$81,876,739$27,221,253$19,462,701$59,420,971
88$90,180,862$28,507,789$20,067,396$64,698,731
89$99,330,514$29,855,876$20,690,859$70,480,175
90$109,411,895$31,268,482$21,333,671$76,815,098
91$120,519,991$32,748,720$21,996,432$83,758,299
92$132,759,477$34,299,855$22,679,759$91,370,092
93$146,245,704$35,925,308$23,384,291$99,716,859
94$161,105,786$37,628,668$24,110,685$108,871,670
95$177,479,801$39,413,698$24,859,619$118,914,959
96$195,522,115$41,284,343$25,631,790$129,935,270
97$215,402,835$43,244,740$26,427,919$142,030,083
98$237,309,418$45,299,227$27,248,748$155,306,718
99$261,448,441$47,452,351$28,095,044$169,883,332
100$288,047,549$49,708,883$28,967,594$185,890,027