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

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$784,501$777,513$770,696$764,041$757,543$728,350
2 years$388,367$381,134$374,124$367,327$360,735$331,671
3 years$256,339$249,075$242,083$235,350$228,865$200,846
4 years$190,339$183,097$176,174$169,557$163,228$136,467
5 years$150,748$143,550$136,719$130,236$124,084$98,649
6 years$124,364$117,219$110,489$104,151$98,183$74,092
7 years$105,525$98,441$91,817$85,628$79,849$57,093
8 years$91,402$84,382$77,868$71,831$66,243$44,801
9 years$80,423$73,470$67,068$61,184$55,786$35,626
10 years$71,646$64,760$58,471$52,741$47,532$28,618
11 years$64,469$57,652$51,477$45,901$40,879$23,167
12 years$58,492$51,745$45,685$40,261$35,425$18,868
13 years$53,439$46,763$40,816$35,545$30,891$15,442
14 years$49,111$42,506$36,673$31,552$27,079$12,686
15 years$45,364$38,830$33,111$28,139$23,843$10,455
16 years$42,089$35,626$30,020$25,196$21,072$8,638
17 years$39,201$32,810$27,317$22,638$18,684$7,151
18 years$36,638$30,318$24,937$20,401$16,613$5,931
19 years$34,347$28,098$22,829$18,434$14,808$4,925
20 years$32,287$26,110$20,951$16,696$13,226$4,095
21 years$30,427$24,321$19,271$15,153$11,836$3,408
22 years$28,737$22,702$17,761$13,777$10,609$2,838
23 years$27,197$21,233$16,399$12,547$9,524$2,365
24 years$25,787$19,894$15,167$11,444$8,560$1,972
25 years$24,492$18,670$14,047$10,451$7,703$1,645
26 years$23,299$17,546$13,028$9,556$6,938$1,373
27 years$22,196$16,513$12,098$8,747$6,256$1,146
28 years$21,173$15,560$11,246$8,014$5,644$957
29 years$20,223$14,679$10,466$7,349$5,097$799
30 years$19,338$13,863$9,748$6,745$4,605$668
31 years$18,511$13,105$9,088$6,194$4,164$558
32 years$17,738$12,400$8,479$5,693$3,766$466
33 years$17,013$11,743$7,917$5,235$3,408$390
34 years$16,332$11,130$7,397$4,817$3,086$326
35 years$15,692$10,557$6,916$4,434$2,795$272
36 years$15,088$10,020$6,470$4,084$2,533$227
37 years$14,519$9,516$6,056$3,762$2,295$190
38 years$13,980$9,044$5,671$3,468$2,081$159
39 years$13,471$8,600$5,313$3,198$1,887$133
40 years$12,988$8,182$4,980$2,949$1,712$111
41 years$12,530$7,789$4,670$2,721$1,553$93
42 years$12,095$7,418$4,380$2,511$1,409$78
43 years$11,681$7,068$4,110$2,318$1,279$65
44 years$11,287$6,737$3,858$2,140$1,161$54
45 years$10,912$6,424$3,623$1,977$1,054$45
46 years$10,554$6,128$3,403$1,826$957$38
47 years$10,213$5,848$3,197$1,687$869$32
48 years$9,886$5,583$3,004$1,559$789$27
49 years$9,574$5,332$2,823$1,441$717$22
50 years$9,275$5,093$2,654$1,332$651$19

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 $5,738 every year, while hoping to spend $43,794 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: 26/46/28 Blend
64$9,500,000$9,500,000$9,500,000$9,500,000
65$10,474,919$9,971,419$9,824,169$10,655,454
66$11,496,764$10,413,422$10,106,682$11,246,340
67$12,621,370$10,875,615$10,397,192$11,875,742
68$13,859,171$11,358,942$10,695,919$12,550,156
69$15,221,666$11,864,390$11,003,092$13,273,418
70$16,721,526$12,392,994$11,318,945$14,049,726
71$18,372,709$12,945,839$11,643,717$14,883,672
72$20,190,598$13,524,058$11,977,655$15,780,283
73$22,192,145$14,128,842$12,321,012$16,745,063
74$24,396,025$14,761,437$12,674,048$17,784,039
75$26,822,821$15,423,148$13,037,029$18,903,816
76$29,495,209$16,115,343$13,410,230$20,111,630
77$32,438,179$16,839,454$13,793,931$21,415,415
78$35,679,267$17,596,981$14,188,422$22,823,867
79$39,248,817$18,389,498$14,593,999$24,346,526
80$43,180,264$19,218,651$15,010,966$25,993,854
81$47,510,453$20,086,167$15,439,635$27,777,332
82$52,279,984$20,993,854$15,880,328$29,709,557
83$57,533,597$21,943,607$16,333,373$31,804,359
84$63,320,591$22,937,411$16,799,108$34,076,919
85$69,695,293$23,977,346$17,277,880$36,543,906
86$76,717,569$25,065,592$17,770,045$39,223,628
87$84,453,388$26,204,433$18,275,969$42,136,195
88$92,975,445$27,396,262$18,796,025$45,303,698
89$102,363,848$28,643,587$19,330,600$48,750,412
90$112,706,873$29,949,035$19,880,087$52,503,012
91$124,101,797$31,315,360$20,444,893$56,590,816
92$136,655,815$32,745,448$21,025,432$61,046,051
93$150,487,057$34,242,323$21,622,132$65,904,146
94$165,725,693$35,809,154$22,235,430$71,204,053
95$182,515,173$37,449,261$22,865,776$76,988,606
96$201,013,572$39,166,126$23,513,631$83,304,910
97$221,395,085$40,963,395$24,179,467$90,204,773
98$243,851,674$42,844,892$24,863,769$97,745,180
99$268,594,876$44,814,622$25,567,036$105,988,818
100$295,857,799$46,876,785$26,289,778$115,004,653