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%17.8%
1 years$767,985$761,144$754,470$747,956$741,595$718,144
2 years$380,191$373,110$366,248$359,594$353,141$329,726
3 years$250,943$243,832$236,987$230,396$224,047$201,404
4 years$186,331$179,242$172,466$165,987$159,792$138,095
5 years$147,575$140,528$133,840$127,494$121,471$100,777
6 years$121,745$114,752$108,163$101,958$96,116$76,443
7 years$103,303$96,368$89,884$83,825$78,168$59,515
8 years$89,478$82,605$76,229$70,319$64,848$47,201
9 years$78,730$71,923$65,656$59,896$54,611$37,951
10 years$70,137$63,396$57,240$51,631$46,532$30,834
11 years$63,111$56,438$50,393$44,934$40,019$25,254
12 years$57,261$50,656$44,723$39,414$34,679$20,817
13 years$52,314$45,778$39,957$34,796$30,241$17,247
14 years$48,077$41,611$35,901$30,888$26,509$14,348
15 years$44,409$38,012$32,414$27,547$23,341$11,977
16 years$41,203$34,876$29,388$24,665$20,629$10,025
17 years$38,376$32,119$26,742$22,162$18,291$8,411
18 years$35,867$29,680$24,412$19,972$16,263$7,070
19 years$33,624$27,507$22,348$18,046$14,496$5,952
20 years$31,608$25,561$20,510$16,344$12,948$5,017
21 years$29,786$23,809$18,865$14,834$11,587$4,234
22 years$28,132$22,225$17,387$13,487$10,386$3,576
23 years$26,625$20,786$16,054$12,283$9,323$3,023
24 years$25,245$19,475$14,847$11,203$8,380$2,557
25 years$23,977$18,277$13,752$10,231$7,541$2,164
26 years$22,809$17,177$12,754$9,355$6,792$1,832
27 years$21,729$16,166$11,843$8,563$6,124$1,552
28 years$20,728$15,233$11,010$7,845$5,526$1,315
29 years$19,797$14,370$10,245$7,194$4,990$1,115
30 years$18,931$13,571$9,543$6,603$4,508$945
31 years$18,122$12,829$8,897$6,064$4,076$801
32 years$17,365$12,139$8,301$5,573$3,687$680
33 years$16,655$11,496$7,751$5,125$3,337$576
34 years$15,988$10,896$7,242$4,715$3,021$489
35 years$15,361$10,334$6,771$4,341$2,736$415
36 years$14,771$9,809$6,334$3,998$2,479$352
37 years$14,213$9,316$5,928$3,683$2,247$299
38 years$13,686$8,854$5,551$3,395$2,037$253
39 years$13,187$8,419$5,201$3,130$1,847$215
40 years$12,715$8,010$4,875$2,887$1,676$183
41 years$12,266$7,625$4,571$2,664$1,520$155
42 years$11,840$7,261$4,288$2,458$1,379$132
43 years$11,435$6,919$4,024$2,269$1,252$112
44 years$11,050$6,595$3,777$2,095$1,136$95
45 years$10,682$6,289$3,546$1,935$1,032$80
46 years$10,332$5,999$3,331$1,788$937$68
47 years$9,998$5,725$3,129$1,651$850$58
48 years$9,678$5,466$2,941$1,526$772$49
49 years$9,372$5,219$2,764$1,410$701$42
50 years$9,080$4,986$2,599$1,304$637$35

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 $4,472 every year, while hoping to spend $38,247 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: 58/31/11 Blend
64$9,300,000$9,300,000$9,300,000$9,300,000
65$10,253,213$9,760,313$9,616,163$10,820,253
66$11,258,346$10,197,874$9,897,610$11,640,516
67$12,364,721$10,655,593$10,187,203$12,529,535
68$13,582,624$11,134,419$10,485,176$13,497,657
69$14,923,389$11,635,342$10,791,767$14,552,478
70$16,399,505$12,159,405$11,107,222$15,702,344
71$18,024,734$12,707,695$11,431,793$16,956,436
72$19,814,240$13,281,355$11,765,741$18,324,846
73$21,784,730$13,881,579$12,109,331$19,818,674
74$23,954,619$14,509,623$12,462,840$21,450,126
75$26,344,193$15,166,797$12,826,548$23,232,629
76$28,975,809$15,854,478$13,200,745$25,180,953
77$31,874,101$16,574,108$13,585,731$27,311,345
78$35,066,217$17,327,197$13,981,810$29,641,684
79$38,582,068$18,115,327$14,389,298$32,191,638
80$42,454,618$18,940,157$14,808,518$34,982,852
81$46,720,190$19,803,424$15,239,804$38,039,146
82$51,418,808$20,706,951$15,683,496$41,386,733
83$56,594,580$21,652,645$16,139,946$45,054,465
84$62,296,108$22,642,506$16,609,516$49,074,100
85$68,576,953$23,678,630$17,092,576$53,480,593
86$75,496,132$24,763,214$17,589,508$58,312,426
87$83,118,685$25,898,558$18,100,704$63,611,960
88$91,516,279$27,087,076$18,626,566$69,425,835
89$100,767,892$28,331,295$19,167,508$75,805,398
90$110,960,553$29,633,865$19,723,956$82,807,186
91$122,190,167$30,997,562$20,296,346$90,493,450
92$134,562,418$32,425,297$20,885,128$98,932,736
93$148,193,768$33,920,119$21,490,763$108,200,527
94$163,212,554$35,485,227$22,113,725$118,379,944
95$179,760,202$37,123,970$22,754,502$129,562,526
96$197,992,558$38,839,860$23,413,594$141,849,084
97$218,081,365$40,636,579$24,091,515$155,350,644
98$240,215,877$42,517,985$24,788,793$170,189,485
99$264,604,651$44,488,120$25,505,972$186,500,284
100$291,477,513$46,551,226$26,243,610$204,431,381