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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.8%
1 years$767,985$761,144$754,470$747,956$741,595$715,283
2 years$380,191$373,110$366,248$359,594$353,141$326,912
3 years$250,943$243,832$236,987$230,396$224,047$198,726
4 years$186,331$179,242$172,466$165,987$159,792$135,572
5 years$147,575$140,528$133,840$127,494$121,471$98,417
6 years$121,745$114,752$108,163$101,958$96,116$74,243
7 years$103,303$96,368$89,884$83,825$78,168$57,473
8 years$89,478$82,605$76,229$70,319$64,848$45,313
9 years$78,730$71,923$65,656$59,896$54,611$36,211
10 years$70,137$63,396$57,240$51,631$46,532$29,235
11 years$63,111$56,438$50,393$44,934$40,019$23,790
12 years$57,261$50,656$44,723$39,414$34,679$19,480
13 years$52,314$45,778$39,957$34,796$30,241$16,030
14 years$48,077$41,611$35,901$30,888$26,509$13,243
15 years$44,409$38,012$32,414$27,547$23,341$10,977
16 years$41,203$34,876$29,388$24,665$20,629$9,122
17 years$38,376$32,119$26,742$22,162$18,291$7,597
18 years$35,867$29,680$24,412$19,972$16,263$6,338
19 years$33,624$27,507$22,348$18,046$14,496$5,295
20 years$31,608$25,561$20,510$16,344$12,948$4,430
21 years$29,786$23,809$18,865$14,834$11,587$3,709
22 years$28,132$22,225$17,387$13,487$10,386$3,109
23 years$26,625$20,786$16,054$12,283$9,323$2,607
24 years$25,245$19,475$14,847$11,203$8,380$2,188
25 years$23,977$18,277$13,752$10,231$7,541$1,837
26 years$22,809$17,177$12,754$9,355$6,792$1,543
27 years$21,729$16,166$11,843$8,563$6,124$1,296
28 years$20,728$15,233$11,010$7,845$5,526$1,090
29 years$19,797$14,370$10,245$7,194$4,990$916
30 years$18,931$13,571$9,543$6,603$4,508$770
31 years$18,122$12,829$8,897$6,064$4,076$648
32 years$17,365$12,139$8,301$5,573$3,687$545
33 years$16,655$11,496$7,751$5,125$3,337$458
34 years$15,988$10,896$7,242$4,715$3,021$386
35 years$15,361$10,334$6,771$4,341$2,736$324
36 years$14,771$9,809$6,334$3,998$2,479$273
37 years$14,213$9,316$5,928$3,683$2,247$230
38 years$13,686$8,854$5,551$3,395$2,037$193
39 years$13,187$8,419$5,201$3,130$1,847$163
40 years$12,715$8,010$4,875$2,887$1,676$137
41 years$12,266$7,625$4,571$2,664$1,520$115
42 years$11,840$7,261$4,288$2,458$1,379$97
43 years$11,435$6,919$4,024$2,269$1,252$82
44 years$11,050$6,595$3,777$2,095$1,136$69
45 years$10,682$6,289$3,546$1,935$1,032$58
46 years$10,332$5,999$3,331$1,788$937$49
47 years$9,998$5,725$3,129$1,651$850$41
48 years$9,678$5,466$2,941$1,526$772$34
49 years$9,372$5,219$2,764$1,410$701$29
50 years$9,080$4,986$2,599$1,304$637$24

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 $6,926 every year, while hoping to spend $23,882 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: 48/35/17 Blend
64$9,300,000$9,300,000$9,300,000$9,300,000
65$10,255,744$9,762,844$9,618,694$10,698,750
66$11,276,420$10,215,813$9,915,510$11,459,441
67$12,400,404$10,690,177$10,221,469$12,281,959
68$13,638,209$11,186,960$10,536,852$13,174,573
69$15,001,418$11,707,233$10,861,949$14,143,853
70$16,502,796$12,252,121$11,197,057$15,197,018
71$18,156,409$12,822,802$11,542,486$16,341,994
72$19,977,755$13,420,512$11,898,552$17,587,488
73$21,983,915$14,046,546$12,265,582$18,943,070
74$24,193,709$14,702,261$12,643,913$20,419,250
75$26,627,875$15,389,080$13,033,893$22,027,583
76$29,309,269$16,108,495$13,435,878$23,780,769
77$32,263,073$16,862,070$13,850,239$25,692,768
78$35,517,039$17,651,444$14,277,355$27,778,928
79$39,101,748$18,478,336$14,717,618$30,056,124
80$43,050,900$19,344,548$15,171,431$32,542,916
81$47,401,630$20,251,969$15,639,212$35,259,714
82$52,194,860$21,202,579$16,121,389$38,228,964
83$57,475,684$22,198,454$16,618,405$41,475,362
84$63,293,796$23,241,771$17,130,714$45,026,072
85$69,703,957$24,334,812$17,658,787$48,910,981
86$76,766,512$25,479,968$18,203,107$53,162,972
87$84,547,959$26,679,749$18,764,173$57,818,229
88$93,121,578$27,936,784$19,342,500$62,916,571
89$102,568,123$29,253,830$19,938,618$68,501,817
90$112,976,581$30,633,778$20,553,072$74,622,197
91$124,445,018$32,079,659$21,186,425$81,330,794
92$137,081,497$33,594,649$21,839,258$88,686,039
93$151,005,104$35,182,082$22,512,167$96,752,252
94$166,347,070$36,845,449$23,205,770$105,600,239
95$183,252,009$38,588,414$23,920,701$115,307,952
96$201,879,284$40,414,816$24,657,615$125,961,212
97$222,404,512$42,328,683$25,417,186$137,654,511
98$245,021,220$44,334,236$26,200,109$150,491,890
99$269,942,672$46,435,901$27,007,101$164,587,907
100$297,403,885$48,638,321$27,838,899$180,068,711