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%14.5%
1 years$759,727$752,960$746,358$739,913$733,621$719,987
2 years$376,103$369,098$362,310$355,728$349,343$335,658
3 years$248,244$241,210$234,438$227,918$221,638$208,328
4 years$184,328$177,315$170,611$164,202$158,074$145,242
5 years$145,988$139,017$132,401$126,123$120,165$107,848
6 years$120,436$113,518$107,000$100,862$95,083$83,294
7 years$102,192$95,332$88,917$82,924$77,328$66,070
8 years$88,516$81,717$75,409$69,563$64,151$53,422
9 years$77,884$71,149$64,950$59,252$54,024$43,817
10 years$69,383$62,715$56,625$51,076$46,031$36,337
11 years$62,433$55,831$49,851$44,451$39,588$30,395
12 years$56,645$50,111$44,242$38,990$34,307$25,602
13 years$51,751$45,286$39,527$34,422$29,916$21,687
14 years$47,560$41,164$35,515$30,556$26,224$18,455
15 years$43,932$37,604$32,066$27,251$23,090$15,765
16 years$40,759$34,501$29,072$24,400$20,407$13,510
17 years$37,963$31,774$26,455$21,923$18,094$11,609
18 years$35,481$29,360$24,150$19,757$16,088$9,998
19 years$33,262$27,211$22,108$17,852$14,340$8,627
20 years$31,268$25,286$20,289$16,169$12,809$7,457
21 years$29,466$23,553$18,662$14,674$11,462$6,454
22 years$27,830$21,986$17,200$13,342$10,274$5,593
23 years$26,338$20,563$15,881$12,151$9,223$4,852
24 years$24,973$19,266$14,688$11,082$8,290$4,213
25 years$23,719$18,080$13,604$10,121$7,460$3,660
26 years$22,563$16,992$12,617$9,254$6,719$3,183
27 years$21,495$15,992$11,716$8,471$6,058$2,769
28 years$20,505$15,069$10,891$7,761$5,466$2,410
29 years$19,585$14,216$10,135$7,117$4,936$2,099
30 years$18,727$13,425$9,441$6,532$4,460$1,828
31 years$17,927$12,691$8,801$5,999$4,032$1,593
32 years$17,178$12,009$8,212$5,513$3,647$1,389
33 years$16,476$11,372$7,667$5,070$3,301$1,211
34 years$15,817$10,778$7,164$4,664$2,989$1,056
35 years$15,196$10,223$6,698$4,294$2,707$921
36 years$14,612$9,703$6,266$3,955$2,453$804
37 years$14,060$9,216$5,864$3,644$2,223$701
38 years$13,539$8,758$5,492$3,358$2,015$612
39 years$13,045$8,328$5,145$3,097$1,827$534
40 years$12,578$7,924$4,823$2,856$1,658$466
41 years$12,134$7,543$4,522$2,635$1,504$407
42 years$11,713$7,183$4,242$2,432$1,365$355
43 years$11,312$6,844$3,980$2,245$1,238$310
44 years$10,931$6,524$3,736$2,073$1,124$271
45 years$10,568$6,221$3,508$1,914$1,020$236
46 years$10,221$5,935$3,295$1,768$927$206
47 years$9,890$5,664$3,096$1,634$841$180
48 years$9,574$5,407$2,909$1,510$764$157
49 years$9,272$5,163$2,734$1,395$694$137
50 years$8,982$4,932$2,571$1,290$630$120

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 $6,094 every year, while hoping to spend $47,013 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: 42/44/14 Blend
64$9,200,000$9,200,000$9,200,000$9,200,000
65$10,144,686$9,657,086$9,514,486$10,528,908
66$11,129,422$10,080,262$9,783,200$11,222,775
67$12,213,026$10,522,597$10,059,340$11,968,538
68$13,405,533$10,984,982$10,343,105$12,775,066
69$14,717,998$11,468,347$10,634,700$13,647,936
70$16,162,606$11,973,668$10,934,334$14,593,268
71$17,752,779$12,501,966$11,242,223$15,617,777
72$19,503,311$13,054,310$11,558,585$16,728,834
73$21,430,498$13,631,821$11,883,648$17,934,534
74$23,552,301$14,235,673$12,217,642$19,243,764
75$25,888,509$14,867,094$12,560,806$20,666,285
76$28,460,927$15,527,371$12,913,383$22,212,819
77$31,293,583$16,217,854$13,275,623$23,895,145
78$34,412,953$16,939,953$13,647,781$25,726,208
79$37,848,213$17,695,150$14,030,120$27,720,231
80$41,631,512$18,484,993$14,422,910$29,892,848
81$45,798,274$19,311,106$14,826,426$32,261,246
82$50,387,538$20,175,190$15,240,951$34,844,318
83$55,442,318$21,079,025$15,666,774$37,662,838
84$61,010,016$22,024,479$16,104,192$40,739,649
85$67,142,865$23,013,506$16,553,511$44,099,875
86$73,898,425$24,048,156$17,015,041$47,771,146
87$81,340,122$25,130,573$17,489,102$51,783,856
88$89,537,850$26,263,007$17,976,023$56,171,440
89$98,568,629$27,447,812$18,476,138$60,970,681
90$108,517,331$28,687,457$18,989,791$66,222,052
91$119,477,485$29,984,528$19,517,334$71,970,085
92$131,552,153$31,341,734$20,059,129$78,263,785
93$144,854,907$32,761,915$20,615,545$85,157,082
94$159,510,903$34,248,043$21,186,961$92,709,330
95$175,658,055$35,803,237$21,773,764$100,985,857
96$193,448,343$37,430,763$22,376,352$110,058,571
97$213,049,245$39,134,041$22,995,131$120,006,625
98$234,645,319$40,916,660$23,630,518$130,917,156
99$258,439,941$42,782,376$24,282,940$142,886,091
100$284,657,229$44,735,127$24,952,833$156,019,043