Can I retire at age 65 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$784,501$777,513$770,696$764,041$757,543$738,630
2 years$388,367$381,134$374,124$367,327$360,735$341,800
3 years$256,339$249,075$242,083$235,350$228,865$210,501
4 years$190,339$183,097$176,174$169,557$163,228$145,576
5 years$150,748$143,550$136,719$130,236$124,084$107,192
6 years$124,364$117,219$110,489$104,151$98,183$82,069
7 years$105,525$98,441$91,817$85,628$79,849$64,514
8 years$91,402$84,382$77,868$71,831$66,243$51,680
9 years$80,423$73,470$67,068$61,184$55,786$41,983
10 years$71,646$64,760$58,471$52,741$47,532$34,473
11 years$64,469$57,652$51,477$45,901$40,879$28,545
12 years$58,492$51,745$45,685$40,261$35,425$23,795
13 years$53,439$46,763$40,816$35,545$30,891$19,942
14 years$49,111$42,506$36,673$31,552$27,079$16,786
15 years$45,364$38,830$33,111$28,139$23,843$14,181
16 years$42,089$35,626$30,020$25,196$21,072$12,015
17 years$39,201$32,810$27,317$22,638$18,684$10,206
18 years$36,638$30,318$24,937$20,401$16,613$8,687
19 years$34,347$28,098$22,829$18,434$14,808$7,408
20 years$32,287$26,110$20,951$16,696$13,226$6,326
21 years$30,427$24,321$19,271$15,153$11,836$5,409
22 years$28,737$22,702$17,761$13,777$10,609$4,629
23 years$27,197$21,233$16,399$12,547$9,524$3,966
24 years$25,787$19,894$15,167$11,444$8,560$3,400
25 years$24,492$18,670$14,047$10,451$7,703$2,917
26 years$23,299$17,546$13,028$9,556$6,938$2,504
27 years$22,196$16,513$12,098$8,747$6,256$2,151
28 years$21,173$15,560$11,246$8,014$5,644$1,848
29 years$20,223$14,679$10,466$7,349$5,097$1,588
30 years$19,338$13,863$9,748$6,745$4,605$1,365
31 years$18,511$13,105$9,088$6,194$4,164$1,174
32 years$17,738$12,400$8,479$5,693$3,766$1,010
33 years$17,013$11,743$7,917$5,235$3,408$869
34 years$16,332$11,130$7,397$4,817$3,086$748
35 years$15,692$10,557$6,916$4,434$2,795$643
36 years$15,088$10,020$6,470$4,084$2,533$554
37 years$14,519$9,516$6,056$3,762$2,295$477
38 years$13,980$9,044$5,671$3,468$2,081$410
39 years$13,471$8,600$5,313$3,198$1,887$353
40 years$12,988$8,182$4,980$2,949$1,712$304
41 years$12,530$7,789$4,670$2,721$1,553$262
42 years$12,095$7,418$4,380$2,511$1,409$225
43 years$11,681$7,068$4,110$2,318$1,279$194
44 years$11,287$6,737$3,858$2,140$1,161$167
45 years$10,912$6,424$3,623$1,977$1,054$144
46 years$10,554$6,128$3,403$1,826$957$124
47 years$10,213$5,848$3,197$1,687$869$107
48 years$9,886$5,583$3,004$1,559$789$92
49 years$9,574$5,332$2,823$1,441$717$79
50 years$9,275$5,093$2,654$1,332$651$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $9,500,000, adding $6,581 every year, while hoping to spend $59,575 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: 32/41/27 Blend
64$9,500,000$9,500,000$9,500,000$9,500,000
65$10,475,788$9,972,288$9,825,038$10,724,372
66$11,480,931$10,397,543$10,090,790$11,340,215
67$12,586,602$10,841,639$10,363,447$11,997,327
68$13,802,992$11,305,435$10,643,179$12,703,934
69$15,141,329$11,789,834$10,930,157$13,464,431
70$16,613,985$12,295,776$11,224,558$14,283,636
71$18,234,592$12,824,249$11,526,561$15,166,829
72$20,018,169$13,376,286$11,836,349$16,119,804
73$21,981,265$13,952,967$12,154,110$17,148,914
74$24,142,117$14,555,425$12,480,035$18,261,129
75$26,520,816$15,184,844$12,814,320$19,464,099
76$29,139,504$15,842,466$13,157,164$20,766,221
77$32,022,574$16,529,588$13,508,770$22,176,713
78$35,196,909$17,247,570$13,869,347$23,705,699
79$38,692,130$17,997,837$14,239,105$25,364,294
80$42,540,875$18,781,878$14,618,263$27,164,710
81$46,779,109$19,601,256$15,007,040$29,120,364
82$51,446,464$20,457,603$15,405,662$31,245,996
83$56,586,609$21,352,632$15,814,357$33,557,807
84$62,247,667$22,288,134$16,233,362$36,073,602
85$68,482,663$23,265,986$16,662,913$38,812,955
86$75,350,029$24,288,154$17,103,255$41,797,385
87$82,914,153$25,356,695$17,554,636$45,050,552
88$91,245,989$26,473,765$18,017,308$48,598,474
89$100,423,721$27,641,621$18,491,529$52,469,766
90$110,533,507$28,862,627$18,977,562$56,695,900
91$121,670,289$30,139,259$19,475,674$61,311,497
92$133,938,686$31,474,111$19,986,137$66,354,641
93$147,453,988$32,869,898$20,509,229$71,867,233
94$162,343,238$34,329,466$21,045,231$77,895,378
95$178,746,433$35,855,795$21,594,431$84,489,804
96$196,817,845$37,452,005$22,157,121$91,706,340
97$216,727,479$39,121,367$22,733,598$99,606,425
98$238,662,673$40,867,306$23,324,165$108,257,680
99$262,829,871$42,693,408$23,929,129$117,734,534
100$289,456,566$44,603,433$24,548,803$128,118,915