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%12.3%
1 years$784,501$777,513$770,696$764,041$757,543$750,257
2 years$388,367$381,134$374,124$367,327$360,735$353,395
3 years$256,339$249,075$242,083$235,350$228,865$221,699
4 years$190,339$183,097$176,174$169,557$163,228$156,291
5 years$150,748$143,550$136,719$130,236$124,084$117,396
6 years$124,364$117,219$110,489$104,151$98,183$91,753
7 years$105,525$98,441$91,817$85,628$79,849$73,680
8 years$91,402$84,382$77,868$71,831$66,243$60,334
9 years$80,423$73,470$67,068$61,184$55,786$50,135
10 years$71,646$64,760$58,471$52,741$47,532$42,137
11 years$64,469$57,652$51,477$45,901$40,879$35,734
12 years$58,492$51,745$45,685$40,261$35,425$30,526
13 years$53,439$46,763$40,816$35,545$30,891$26,232
14 years$49,111$42,506$36,673$31,552$27,079$22,654
15 years$45,364$38,830$33,111$28,139$23,843$19,644
16 years$42,089$35,626$30,020$25,196$21,072$17,094
17 years$39,201$32,810$27,317$22,638$18,684$14,919
18 years$36,638$30,318$24,937$20,401$16,613$13,054
19 years$34,347$28,098$22,829$18,434$14,808$11,447
20 years$32,287$26,110$20,951$16,696$13,226$10,056
21 years$30,427$24,321$19,271$15,153$11,836$8,849
22 years$28,737$22,702$17,761$13,777$10,609$7,798
23 years$27,197$21,233$16,399$12,547$9,524$6,880
24 years$25,787$19,894$15,167$11,444$8,560$6,077
25 years$24,492$18,670$14,047$10,451$7,703$5,373
26 years$23,299$17,546$13,028$9,556$6,938$4,754
27 years$22,196$16,513$12,098$8,747$6,256$4,210
28 years$21,173$15,560$11,246$8,014$5,644$3,730
29 years$20,223$14,679$10,466$7,349$5,097$3,307
30 years$19,338$13,863$9,748$6,745$4,605$2,933
31 years$18,511$13,105$9,088$6,194$4,164$2,603
32 years$17,738$12,400$8,479$5,693$3,766$2,310
33 years$17,013$11,743$7,917$5,235$3,408$2,052
34 years$16,332$11,130$7,397$4,817$3,086$1,823
35 years$15,692$10,557$6,916$4,434$2,795$1,619
36 years$15,088$10,020$6,470$4,084$2,533$1,439
37 years$14,519$9,516$6,056$3,762$2,295$1,280
38 years$13,980$9,044$5,671$3,468$2,081$1,138
39 years$13,471$8,600$5,313$3,198$1,887$1,012
40 years$12,988$8,182$4,980$2,949$1,712$900
41 years$12,530$7,789$4,670$2,721$1,553$800
42 years$12,095$7,418$4,380$2,511$1,409$712
43 years$11,681$7,068$4,110$2,318$1,279$634
44 years$11,287$6,737$3,858$2,140$1,161$564
45 years$10,912$6,424$3,623$1,977$1,054$502
46 years$10,554$6,128$3,403$1,826$957$446
47 years$10,213$5,848$3,197$1,687$869$397
48 years$9,886$5,583$3,004$1,559$789$354
49 years$9,574$5,332$2,823$1,441$717$315
50 years$9,275$5,093$2,654$1,332$651$280

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 $6,519 every year, while hoping to spend $30,821 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: 74/5/21 Blend
64$9,500,000$9,500,000$9,500,000$9,500,000
65$10,475,724$9,972,224$9,824,974$11,197,579
66$11,511,455$10,428,070$10,121,318$12,133,780
67$12,651,797$10,905,219$10,426,556$13,155,068
68$13,907,389$11,404,683$10,740,953$14,273,500
69$15,289,951$11,927,522$11,064,784$15,498,751
70$16,812,402$12,474,846$11,398,330$16,841,474
71$18,488,973$13,047,819$11,741,880$18,313,398
72$20,335,347$13,647,662$12,095,733$19,927,442
73$22,368,808$14,275,653$12,460,195$21,697,834
74$24,608,399$14,933,132$12,835,584$23,640,242
75$27,075,103$15,621,503$13,222,224$25,771,922
76$29,792,046$16,342,239$13,620,451$28,111,882
77$32,784,709$17,096,883$14,030,610$30,681,059
78$36,081,170$17,887,051$14,453,056$33,502,510
79$39,712,372$18,714,439$14,888,156$36,601,638
80$43,712,410$19,580,822$15,336,285$40,006,422
81$48,118,858$20,488,064$15,797,832$43,747,684
82$52,973,118$21,438,116$16,273,196$47,859,377
83$58,320,816$22,433,024$16,762,788$52,378,903
84$64,212,229$23,474,932$17,267,032$57,347,468
85$70,702,761$24,566,088$17,786,362$62,810,464
86$77,853,465$25,708,849$18,321,227$68,817,901
87$85,731,620$26,905,684$18,872,090$75,424,873
88$94,411,366$28,159,183$19,439,426$82,692,078
89$103,974,401$29,472,060$20,023,723$90,686,389
90$114,510,759$30,847,159$20,625,486$99,481,485
91$126,119,651$32,287,464$21,245,234$109,158,540
92$138,910,406$33,796,101$21,883,501$119,806,990
93$153,003,505$35,376,348$22,540,836$131,525,375
94$168,531,713$37,031,640$23,217,804$144,422,267
95$185,641,337$38,765,579$23,914,990$158,617,291
96$204,493,604$40,581,943$24,632,992$174,242,253
97$225,266,182$42,484,689$25,372,428$191,442,380
98$248,154,862$44,477,967$26,133,934$210,377,691
99$273,375,400$46,566,130$26,918,163$231,224,502
100$301,165,558$48,753,738$27,725,789$254,177,088