Can I retire at age 65 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$767,985$761,144$754,470$747,956$741,595$728,112
2 years$380,191$373,110$366,248$359,594$353,141$339,604
3 years$250,943$243,832$236,987$230,396$224,047$210,880
4 years$186,331$179,242$172,466$165,987$159,792$147,095
5 years$147,575$140,528$133,840$127,494$121,471$109,281
6 years$121,745$114,752$108,163$101,958$96,116$84,447
7 years$103,303$96,368$89,884$83,825$78,168$67,022
8 years$89,478$82,605$76,229$70,319$64,848$54,223
9 years$78,730$71,923$65,656$59,896$54,611$44,501
10 years$70,137$63,396$57,240$51,631$46,532$36,926
11 years$63,111$56,438$50,393$44,934$40,019$30,908
12 years$57,261$50,656$44,723$39,414$34,679$26,051
13 years$52,314$45,778$39,957$34,796$30,241$22,081
14 years$48,077$41,611$35,901$30,888$26,509$18,803
15 years$44,409$38,012$32,414$27,547$23,341$16,074
16 years$41,203$34,876$29,388$24,665$20,629$13,784
17 years$38,376$32,119$26,742$22,162$18,291$11,853
18 years$35,867$29,680$24,412$19,972$16,263$10,216
19 years$33,624$27,507$22,348$18,046$14,496$8,822
20 years$31,608$25,561$20,510$16,344$12,948$7,630
21 years$29,786$23,809$18,865$14,834$11,587$6,609
22 years$28,132$22,225$17,387$13,487$10,386$5,732
23 years$26,625$20,786$16,054$12,283$9,323$4,976
24 years$25,245$19,475$14,847$11,203$8,380$4,324
25 years$23,977$18,277$13,752$10,231$7,541$3,760
26 years$22,809$17,177$12,754$9,355$6,792$3,272
27 years$21,729$16,166$11,843$8,563$6,124$2,849
28 years$20,728$15,233$11,010$7,845$5,526$2,482
29 years$19,797$14,370$10,245$7,194$4,990$2,163
30 years$18,931$13,571$9,543$6,603$4,508$1,886
31 years$18,122$12,829$8,897$6,064$4,076$1,645
32 years$17,365$12,139$8,301$5,573$3,687$1,435
33 years$16,655$11,496$7,751$5,125$3,337$1,252
34 years$15,988$10,896$7,242$4,715$3,021$1,093
35 years$15,361$10,334$6,771$4,341$2,736$954
36 years$14,771$9,809$6,334$3,998$2,479$833
37 years$14,213$9,316$5,928$3,683$2,247$727
38 years$13,686$8,854$5,551$3,395$2,037$635
39 years$13,187$8,419$5,201$3,130$1,847$555
40 years$12,715$8,010$4,875$2,887$1,676$485
41 years$12,266$7,625$4,571$2,664$1,520$423
42 years$11,840$7,261$4,288$2,458$1,379$370
43 years$11,435$6,919$4,024$2,269$1,252$323
44 years$11,050$6,595$3,777$2,095$1,136$282
45 years$10,682$6,289$3,546$1,935$1,032$247
46 years$10,332$5,999$3,331$1,788$937$216
47 years$9,998$5,725$3,129$1,651$850$189
48 years$9,678$5,466$2,941$1,526$772$165
49 years$9,372$5,219$2,764$1,410$701$144
50 years$9,080$4,986$2,599$1,304$637$126

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $9,300,000, adding $5,679 every year, while hoping to spend $43,303 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: 59/18/23 Blend
64$9,300,000$9,300,000$9,300,000$9,300,000
65$10,254,458$9,761,558$9,617,408$10,796,077
66$11,254,339$10,193,800$9,893,517$11,597,412
67$12,354,756$10,645,771$10,177,424$12,465,820
68$13,565,918$11,118,391$10,469,346$13,412,040
69$14,899,075$11,612,626$10,769,502$14,443,620
70$16,366,622$12,129,485$11,078,121$15,568,865
71$17,982,214$12,670,027$11,395,436$16,796,910
72$19,760,903$13,235,361$11,721,685$18,137,805
73$21,719,270$13,826,649$12,057,116$19,602,610
74$23,875,586$14,445,106$12,401,981$21,203,496
75$26,249,988$15,092,007$12,756,539$22,953,855
76$28,864,659$15,768,688$13,121,055$24,868,427
77$31,744,048$16,476,547$13,495,804$26,963,438
78$34,915,093$17,217,050$13,881,066$29,256,745
79$38,407,479$17,991,732$14,277,128$31,768,007
80$42,253,916$18,802,202$14,684,286$34,518,867
81$46,490,449$19,650,144$15,102,844$37,533,149
82$51,156,798$20,537,323$15,533,112$40,837,088
83$56,296,731$21,465,591$15,975,410$44,459,564
84$61,958,477$22,436,886$16,430,067$48,432,381
85$68,195,186$23,453,237$16,897,418$52,790,558
86$75,065,422$24,516,773$17,377,809$57,572,657
87$82,633,724$25,629,724$17,871,595$62,821,145
88$90,971,209$26,794,426$18,379,138$68,582,789
89$100,156,247$28,013,326$18,900,813$74,909,095
90$110,275,196$29,288,991$19,437,002$81,856,786
91$121,423,223$30,624,109$19,988,099$89,488,340
92$133,705,197$32,021,495$20,554,506$97,872,568
93$147,236,682$33,484,104$21,136,636$107,085,263
94$162,145,025$35,015,027$21,734,916$117,209,910
95$178,570,561$36,617,506$22,349,779$128,338,466
96$196,667,934$38,294,940$22,981,672$140,572,227
97$216,607,559$40,050,887$23,631,053$154,022,774
98$238,577,230$41,889,080$24,298,394$168,813,023
99$262,783,891$43,813,430$24,984,174$185,078,380
100$289,455,594$45,828,033$25,688,889$202,968,009