Can I retire at age 65 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$776,243$769,329$762,583$755,999$749,569$729,378
2 years$384,279$377,122$370,186$363,461$356,938$336,740
3 years$253,641$246,453$239,535$232,873$226,456$206,883
4 years$188,335$181,169$174,320$167,772$161,510$142,713
5 years$149,162$142,039$135,279$128,865$122,778$104,808
6 years$123,055$115,985$109,326$103,054$97,150$80,025
7 years$104,414$97,404$90,850$84,727$79,009$62,729
8 years$90,440$83,494$77,048$71,075$65,545$50,103
9 years$79,577$72,696$66,362$60,540$55,199$40,579
10 years$70,892$64,078$57,856$52,186$47,032$33,217
11 years$63,790$57,045$50,935$45,418$40,449$27,417
12 years$57,876$51,201$45,204$39,837$35,052$22,780
13 years$52,876$46,270$40,386$35,170$30,566$19,027
14 years$48,594$42,058$36,287$31,220$26,794$15,961
15 years$44,887$38,421$32,763$27,843$23,592$13,437
16 years$41,646$35,251$29,704$24,930$20,850$11,344
17 years$38,789$32,465$27,030$22,400$18,487$9,601
18 years$36,252$29,999$24,675$20,187$16,438$8,142
19 years$33,985$27,802$22,588$18,240$14,652$6,917
20 years$31,948$25,835$20,730$16,520$13,087$5,884
21 years$30,106$24,065$19,068$14,993$11,712$5,012
22 years$28,435$22,463$17,574$13,632$10,498$4,273
23 years$26,911$21,010$16,227$12,415$9,423$3,647
24 years$25,516$19,685$15,007$11,323$8,470$3,114
25 years$24,235$18,473$13,899$10,341$7,622$2,661
26 years$23,054$17,362$12,891$9,455$6,865$2,275
27 years$21,962$16,339$11,970$8,655$6,190$1,946
28 years$20,951$15,397$11,128$7,930$5,585$1,665
29 years$20,010$14,525$10,356$7,272$5,043$1,425
30 years$19,134$13,717$9,646$6,674$4,557$1,220
31 years$18,317$12,967$8,993$6,129$4,120$1,045
32 years$17,551$12,270$8,390$5,633$3,727$895
33 years$16,834$11,620$7,834$5,180$3,373$767
34 years$16,160$11,013$7,320$4,766$3,054$657
35 years$15,527$10,445$6,843$4,387$2,766$563
36 years$14,929$9,914$6,402$4,041$2,506$483
37 years$14,366$9,416$5,992$3,723$2,271$414
38 years$13,833$8,949$5,611$3,431$2,059$355
39 years$13,329$8,509$5,257$3,164$1,867$304
40 years$12,851$8,096$4,927$2,918$1,694$261
41 years$12,398$7,707$4,620$2,692$1,536$223
42 years$11,968$7,340$4,334$2,485$1,394$192
43 years$11,558$6,993$4,067$2,294$1,265$164
44 years$11,169$6,666$3,818$2,118$1,149$141
45 years$10,797$6,357$3,585$1,956$1,043$121
46 years$10,443$6,064$3,367$1,807$947$104
47 years$10,105$5,787$3,163$1,669$860$89
48 years$9,782$5,524$2,972$1,542$781$76
49 years$9,473$5,275$2,794$1,425$709$65
50 years$9,178$5,039$2,627$1,318$644$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $9,400,000, adding $6,688 every year, while hoping to spend $20,644 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: 35/47/18 Blend
64$9,400,000$9,400,000$9,400,000$9,400,000
65$10,365,699$9,867,499$9,721,799$10,671,122
66$11,401,035$10,329,041$10,025,514$11,356,375
67$12,541,283$10,812,507$10,338,712$12,092,841
68$13,797,124$11,318,949$10,661,688$12,887,039
69$15,180,324$11,849,471$10,994,748$13,744,110
70$16,703,850$12,405,229$11,338,205$14,669,682
71$18,381,994$12,987,436$11,692,386$15,669,926
72$20,230,500$13,597,363$12,057,623$16,751,604
73$22,266,720$14,236,342$12,434,263$17,922,131
74$24,509,775$14,905,773$12,822,660$19,189,636
75$26,980,734$15,607,118$13,223,182$20,563,036
76$29,702,817$16,341,915$13,636,207$22,052,114
77$32,701,609$17,111,774$14,062,124$23,667,606
78$36,005,305$17,918,382$14,501,337$25,421,293
79$39,644,973$18,763,510$14,954,259$27,326,109
80$43,654,853$19,649,014$15,421,319$29,396,254
81$48,072,672$20,576,840$15,902,957$31,647,321
82$52,940,006$21,549,027$16,399,628$34,096,437
83$58,302,673$22,567,715$16,911,801$36,762,414
84$64,211,159$23,635,147$17,439,960$39,665,922
85$70,721,101$24,753,673$17,984,603$42,829,672
86$77,893,811$25,925,761$18,546,245$46,278,623
87$85,796,850$27,153,993$19,125,414$50,040,208
88$94,504,672$28,441,082$19,722,659$54,144,579
89$104,099,323$29,789,870$20,338,543$58,624,891
90$114,671,217$31,203,336$20,973,646$63,517,591
91$126,319,987$32,684,606$21,628,570$68,862,762
92$139,155,429$34,236,955$22,303,930$74,704,481
93$153,298,537$35,863,820$23,000,366$81,091,229
94$168,882,644$37,568,803$23,718,534$88,076,331
95$186,054,680$39,355,681$24,459,112$95,718,446
96$204,976,563$41,228,415$25,222,798$104,082,110
97$225,826,724$43,191,159$26,010,313$113,238,323
98$248,801,792$45,248,267$26,822,400$123,265,213
99$274,118,450$47,404,308$27,659,826$134,248,748
100$302,015,482$49,664,069$28,523,380$146,283,535