Can I retire at age 65 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%15.1%
1 years$759,727$752,960$746,358$739,913$733,621$718,221
2 years$376,103$369,098$362,310$355,728$349,343$333,901
3 years$248,244$241,210$234,438$227,918$221,638$206,635
4 years$184,328$177,315$170,611$164,202$158,074$143,626
5 years$145,988$139,017$132,401$126,123$120,165$106,313
6 years$120,436$113,518$107,000$100,862$95,083$81,841
7 years$102,192$95,332$88,917$82,924$77,328$64,699
8 years$88,516$81,717$75,409$69,563$64,151$52,131
9 years$77,884$71,149$64,950$59,252$54,024$42,605
10 years$69,383$62,715$56,625$51,076$46,031$35,202
11 years$62,433$55,831$49,851$44,451$39,588$29,334
12 years$56,645$50,111$44,242$38,990$34,307$24,613
13 years$51,751$45,286$39,527$34,422$29,916$20,765
14 years$47,560$41,164$35,515$30,556$26,224$17,599
15 years$43,932$37,604$32,066$27,251$23,090$14,972
16 years$40,759$34,501$29,072$24,400$20,407$12,776
17 years$37,963$31,774$26,455$21,923$18,094$10,931
18 years$35,481$29,360$24,150$19,757$16,088$9,373
19 years$33,262$27,211$22,108$17,852$14,340$8,052
20 years$31,268$25,286$20,289$16,169$12,809$6,928
21 years$29,466$23,553$18,662$14,674$11,462$5,969
22 years$27,830$21,986$17,200$13,342$10,274$5,149
23 years$26,338$20,563$15,881$12,151$9,223$4,446
24 years$24,973$19,266$14,688$11,082$8,290$3,842
25 years$23,719$18,080$13,604$10,121$7,460$3,322
26 years$22,563$16,992$12,617$9,254$6,719$2,875
27 years$21,495$15,992$11,716$8,471$6,058$2,489
28 years$20,505$15,069$10,891$7,761$5,466$2,156
29 years$19,585$14,216$10,135$7,117$4,936$1,868
30 years$18,727$13,425$9,441$6,532$4,460$1,620
31 years$17,927$12,691$8,801$5,999$4,032$1,404
32 years$17,178$12,009$8,212$5,513$3,647$1,218
33 years$16,476$11,372$7,667$5,070$3,301$1,057
34 years$15,817$10,778$7,164$4,664$2,989$917
35 years$15,196$10,223$6,698$4,294$2,707$796
36 years$14,612$9,703$6,266$3,955$2,453$691
37 years$14,060$9,216$5,864$3,644$2,223$600
38 years$13,539$8,758$5,492$3,358$2,015$521
39 years$13,045$8,328$5,145$3,097$1,827$452
40 years$12,578$7,924$4,823$2,856$1,658$392
41 years$12,134$7,543$4,522$2,635$1,504$341
42 years$11,713$7,183$4,242$2,432$1,365$296
43 years$11,312$6,844$3,980$2,245$1,238$257
44 years$10,931$6,524$3,736$2,073$1,124$223
45 years$10,568$6,221$3,508$1,914$1,020$194
46 years$10,221$5,935$3,295$1,768$927$168
47 years$9,890$5,664$3,096$1,634$841$146
48 years$9,574$5,407$2,909$1,510$764$127
49 years$9,272$5,163$2,734$1,395$694$110
50 years$8,982$4,932$2,571$1,290$630$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $9,200,000, adding $2,041 every year, while hoping to spend $42,005 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: 59/12/29 Blend
64$9,200,000$9,200,000$9,200,000$9,200,000
65$10,140,505$9,652,905$9,510,305$10,658,483
66$11,130,144$10,081,205$9,784,208$11,441,479
67$12,219,318$10,529,083$10,065,878$12,290,545
68$13,418,135$10,997,455$10,355,532$13,215,874
69$14,737,734$11,487,279$10,653,391$14,224,896
70$16,190,387$11,999,560$10,959,684$15,325,786
71$17,789,616$12,535,349$11,274,643$16,527,537
72$19,550,324$13,095,747$11,598,510$17,840,049
73$21,488,927$13,681,909$11,931,530$19,274,216
74$23,623,519$14,295,044$12,273,958$20,842,029
75$25,974,035$14,936,418$12,626,053$22,556,689
76$28,562,442$15,607,358$12,988,081$24,432,724
77$31,412,947$16,309,255$13,360,318$26,486,130
78$34,552,224$17,043,564$13,743,045$28,734,519
79$38,009,664$17,811,812$14,136,550$31,197,279
80$41,817,656$18,615,598$14,541,131$33,895,758
81$46,011,890$19,456,595$14,957,092$36,853,465
82$50,631,695$20,336,560$15,384,746$40,096,283
83$55,720,406$21,257,330$15,824,414$43,652,718
84$61,325,782$22,220,833$16,276,425$47,554,163
85$67,500,445$23,229,087$16,741,119$51,835,186
86$74,302,386$24,284,208$17,218,842$56,533,864
87$81,795,507$25,388,412$17,709,951$61,692,130
88$90,050,226$26,544,022$18,214,812$67,356,170
89$99,144,142$27,753,471$18,733,801$73,576,857
90$109,162,763$29,019,310$19,267,302$80,410,225
91$120,200,321$30,344,212$19,815,712$87,917,994
92$132,360,652$31,730,977$20,379,437$96,168,152
93$145,758,184$33,182,541$20,958,894$105,235,593
94$160,519,012$34,701,978$21,554,510$115,202,817
95$176,782,089$36,292,513$22,166,724$126,160,705
96$194,700,540$37,957,524$22,795,987$138,209,376
97$214,443,103$39,700,550$23,442,760$151,459,126
98$236,195,725$41,525,303$24,107,518$166,031,463
99$260,163,316$43,435,670$24,790,748$182,060,251
100$286,571,684$45,435,728$25,492,948$199,692,967