Can I retire at age 65 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%17.9%
1 years$743,212$736,591$730,133$723,828$717,673$694,699
2 years$367,927$361,074$354,433$347,994$341,749$318,816
3 years$242,848$235,966$229,342$222,963$216,820$194,646
4 years$180,321$173,460$166,902$160,633$154,638$133,393
5 years$142,814$135,995$129,523$123,381$117,553$97,295
6 years$117,818$111,050$104,674$98,669$93,016$73,761
7 years$99,971$93,260$86,984$81,121$75,647$57,394
8 years$86,591$79,941$73,770$68,051$62,756$45,492
9 years$76,191$69,603$63,538$57,964$52,850$36,555
10 years$67,875$61,351$55,394$49,966$45,031$29,681
11 years$61,076$54,618$48,768$43,485$38,728$24,294
12 years$55,414$49,022$43,280$38,142$33,561$20,012
13 years$50,626$44,301$38,668$33,674$29,266$16,569
14 years$46,527$40,269$34,743$29,892$25,654$13,775
15 years$42,977$36,786$31,369$26,658$22,588$11,490
16 years$39,873$33,751$28,440$23,870$19,963$9,611
17 years$37,138$31,083$25,879$21,447$17,701$8,057
18 years$34,710$28,722$23,625$19,328$15,739$6,767
19 years$32,539$26,619$21,627$17,464$14,028$5,693
20 years$30,588$24,736$19,848$15,817$12,530$4,795
21 years$28,825$23,041$18,257$14,355$11,213$4,043
22 years$27,225$21,508$16,826$13,052$10,051$3,413
23 years$25,766$20,116$15,536$11,887$9,022$2,883
24 years$24,430$18,847$14,368$10,841$8,110$2,436
25 years$23,203$17,687$13,308$9,901$7,297$2,060
26 years$22,073$16,623$12,342$9,053$6,573$1,743
27 years$21,028$15,644$11,461$8,286$5,926$1,475
28 years$20,059$14,741$10,654$7,592$5,347$1,249
29 years$19,159$13,907$9,915$6,962$4,829$1,058
30 years$18,320$13,133$9,235$6,390$4,363$896
31 years$17,537$12,416$8,610$5,868$3,944$759
32 years$16,804$11,748$8,033$5,393$3,568$643
33 years$16,118$11,125$7,501$4,959$3,229$545
34 years$15,473$10,544$7,008$4,563$2,924$462
35 years$14,866$10,001$6,552$4,201$2,648$392
36 years$14,294$9,492$6,129$3,869$2,399$332
37 years$13,754$9,016$5,737$3,564$2,175$282
38 years$13,244$8,568$5,372$3,285$1,971$239
39 years$12,762$8,147$5,033$3,029$1,788$202
40 years$12,304$7,752$4,718$2,794$1,622$172
41 years$11,870$7,379$4,424$2,578$1,471$146
42 years$11,458$7,027$4,150$2,379$1,335$123
43 years$11,066$6,696$3,894$2,196$1,211$105
44 years$10,693$6,382$3,655$2,028$1,100$89
45 years$10,338$6,086$3,432$1,873$998$75
46 years$9,999$5,806$3,223$1,730$906$64
47 years$9,675$5,541$3,028$1,598$823$54
48 years$9,366$5,289$2,846$1,477$747$46
49 years$9,070$5,051$2,675$1,365$679$39
50 years$8,787$4,825$2,515$1,262$617$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $9,000,000, adding $5,568 every year, while hoping to spend $59,514 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: 68/24/8 Blend
64$9,000,000$9,000,000$9,000,000$9,000,000
65$9,923,743$9,446,743$9,307,243$10,583,810
66$10,872,643$9,846,311$9,555,714$11,421,804
67$11,916,335$10,263,464$9,810,513$12,330,161
68$13,064,427$10,698,999$10,071,791$13,321,920
69$14,327,502$11,153,753$10,339,699$14,405,235
70$15,717,221$11,628,601$10,614,393$15,589,078
71$17,246,433$12,124,458$10,896,031$16,883,321
72$18,929,296$12,642,283$11,184,774$18,298,827
73$20,781,408$13,183,079$11,480,788$19,847,552
74$22,819,957$13,747,895$11,784,240$21,542,655
75$25,063,882$14,337,832$12,095,302$23,398,618
76$27,534,051$14,954,038$12,414,147$25,431,382
77$30,253,456$15,597,718$12,740,953$27,658,498
78$33,247,436$16,270,133$13,075,902$30,099,282
79$36,543,907$16,972,603$13,419,178$32,775,004
80$40,173,634$17,706,508$13,770,968$35,709,080
81$44,170,513$18,473,295$14,131,464$38,927,291
82$48,571,897$19,274,479$14,500,860$42,458,027
83$53,418,947$20,111,645$14,879,355$46,332,545
84$58,757,016$20,986,452$15,267,150$50,585,268
85$64,636,083$21,900,639$15,664,450$55,254,102
86$71,111,218$22,856,025$16,071,464$60,380,791
87$78,243,109$23,854,517$16,488,405$66,011,308
88$86,098,626$24,898,108$16,915,486$72,196,285
89$94,751,460$25,988,890$17,352,929$78,991,486
90$104,282,812$27,129,049$17,800,956$86,458,331
91$114,782,163$28,320,876$18,259,792$94,664,467
92$126,348,117$29,566,773$18,729,669$103,684,410
93$139,089,331$30,869,251$19,210,819$113,600,234
94$153,125,541$32,230,941$19,703,479$124,502,346
95$168,588,690$33,654,602$20,207,889$136,490,335
96$185,624,177$35,143,118$20,724,295$149,673,905
97$204,392,227$36,699,514$21,252,942$164,173,901
98$225,069,401$38,326,957$21,794,082$180,123,451
99$247,850,265$40,028,763$22,347,969$197,669,213
100$272,949,226$41,808,407$22,914,860$216,972,749