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%18.4%
1 years$743,212$736,591$730,133$723,828$717,673$693,313
2 years$367,927$361,074$354,433$347,994$341,749$317,451
3 years$242,848$235,966$229,342$222,963$216,820$193,347
4 years$180,321$173,460$166,902$160,633$154,638$132,169
5 years$142,814$135,995$129,523$123,381$117,553$96,149
6 years$117,818$111,050$104,674$98,669$93,016$72,692
7 years$99,971$93,260$86,984$81,121$75,647$56,401
8 years$86,591$79,941$73,770$68,051$62,756$44,573
9 years$76,191$69,603$63,538$57,964$52,850$35,708
10 years$67,875$61,351$55,394$49,966$45,031$28,901
11 years$61,076$54,618$48,768$43,485$38,728$23,580
12 years$55,414$49,022$43,280$38,142$33,561$19,359
13 years$50,626$44,301$38,668$33,674$29,266$15,974
14 years$46,527$40,269$34,743$29,892$25,654$13,234
15 years$42,977$36,786$31,369$26,658$22,588$11,000
16 years$39,873$33,751$28,440$23,870$19,963$9,168
17 years$37,138$31,083$25,879$21,447$17,701$7,657
18 years$34,710$28,722$23,625$19,328$15,739$6,408
19 years$32,539$26,619$21,627$17,464$14,028$5,370
20 years$30,588$24,736$19,848$15,817$12,530$4,506
21 years$28,825$23,041$18,257$14,355$11,213$3,785
22 years$27,225$21,508$16,826$13,052$10,051$3,182
23 years$25,766$20,116$15,536$11,887$9,022$2,677
24 years$24,430$18,847$14,368$10,841$8,110$2,254
25 years$23,203$17,687$13,308$9,901$7,297$1,898
26 years$22,073$16,623$12,342$9,053$6,573$1,600
27 years$21,028$15,644$11,461$8,286$5,926$1,348
28 years$20,059$14,741$10,654$7,592$5,347$1,137
29 years$19,159$13,907$9,915$6,962$4,829$959
30 years$18,320$13,133$9,235$6,390$4,363$809
31 years$17,537$12,416$8,610$5,868$3,944$683
32 years$16,804$11,748$8,033$5,393$3,568$576
33 years$16,118$11,125$7,501$4,959$3,229$486
34 years$15,473$10,544$7,008$4,563$2,924$410
35 years$14,866$10,001$6,552$4,201$2,648$346
36 years$14,294$9,492$6,129$3,869$2,399$292
37 years$13,754$9,016$5,737$3,564$2,175$247
38 years$13,244$8,568$5,372$3,285$1,971$208
39 years$12,762$8,147$5,033$3,029$1,788$176
40 years$12,304$7,752$4,718$2,794$1,622$149
41 years$11,870$7,379$4,424$2,578$1,471$126
42 years$11,458$7,027$4,150$2,379$1,335$106
43 years$11,066$6,696$3,894$2,196$1,211$90
44 years$10,693$6,382$3,655$2,028$1,100$76
45 years$10,338$6,086$3,432$1,873$998$64
46 years$9,999$5,806$3,223$1,730$906$54
47 years$9,675$5,541$3,028$1,598$823$46
48 years$9,366$5,289$2,846$1,477$747$38
49 years$9,070$5,051$2,675$1,365$679$32
50 years$8,787$4,825$2,515$1,262$617$27

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 $5,055 every year, while hoping to spend $55,000 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: 68/18/14 Blend
64$9,000,000$9,000,000$9,000,000$9,000,000
65$9,923,214$9,446,214$9,306,714$10,565,850
66$10,876,863$9,850,559$9,559,970$11,398,750
67$11,925,940$10,272,874$9,819,866$12,302,385
68$13,080,121$10,713,980$10,086,567$13,289,318
69$14,350,068$11,174,739$10,360,241$14,367,727
70$15,747,526$11,656,053$10,641,060$15,546,607
71$17,285,438$12,158,864$10,929,200$16,835,861
72$18,978,064$12,684,160$11,224,840$18,246,389
73$20,841,118$13,232,975$11,528,164$19,790,186
74$22,891,913$13,806,392$11,839,358$21,480,459
75$25,149,527$14,405,544$12,158,615$23,331,745
76$27,634,980$15,031,617$12,486,131$25,360,050
77$30,371,437$15,685,854$12,822,104$27,582,994
78$33,384,418$16,369,557$13,166,740$30,019,979
79$36,702,050$17,084,086$13,520,246$32,692,367
80$40,355,321$17,830,868$13,882,837$35,623,682
81$44,378,380$18,611,397$14,254,728$38,839,825
82$48,808,856$19,427,236$14,636,143$42,369,324
83$53,688,212$20,280,024$15,027,307$46,243,590
84$59,062,140$21,171,476$15,428,452$50,497,221
85$64,980,987$22,103,387$15,839,814$55,168,319
86$71,500,234$23,077,638$16,261,633$60,298,848
87$78,681,016$24,096,201$16,694,156$65,935,029
88$86,590,702$25,161,137$17,137,633$72,127,773
89$95,303,529$26,274,608$17,592,319$78,933,153
90$104,901,302$27,438,877$18,058,475$86,412,938
91$115,474,168$28,656,316$18,536,367$94,635,165
92$127,121,464$29,929,406$19,026,266$103,674,783
93$139,952,656$31,260,749$19,528,448$113,614,352
94$154,088,370$32,653,069$20,043,194$124,544,820
95$169,661,534$34,109,219$20,570,792$136,566,378
96$186,818,629$35,632,190$21,111,532$149,789,402
97$205,721,074$37,225,112$21,665,714$164,335,486
98$226,546,748$38,891,267$22,233,639$180,338,588
99$249,491,667$40,634,090$22,815,616$197,946,291
100$274,771,838$42,457,181$23,411,961$217,321,186