Can I retire at age 65 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$801,017$793,882$786,921$780,126$773,492$764,778
2 years$396,543$389,158$382,000$375,061$368,329$359,557
3 years$261,736$254,319$247,180$240,305$233,683$225,125
4 years$194,346$186,951$179,883$173,126$166,665$158,386
5 years$153,922$146,572$139,597$132,978$126,696$118,721
6 years$126,982$119,687$112,815$106,343$100,250$92,589
7 years$107,746$100,513$93,750$87,431$81,530$74,186
8 years$93,326$86,158$79,507$73,343$67,637$60,609
9 years$82,117$75,016$68,480$62,472$56,960$50,246
10 years$73,154$66,123$59,702$53,852$48,533$42,128
11 years$65,826$58,866$52,561$46,867$41,740$35,639
12 years$59,723$52,835$46,646$41,109$36,171$30,367
13 years$54,564$47,747$41,675$36,293$31,542$26,028
14 years$50,145$43,401$37,446$32,217$27,649$22,418
15 years$46,319$39,647$33,808$28,732$24,345$19,387
16 years$42,975$36,376$30,652$25,726$21,516$16,824
17 years$40,027$33,501$27,892$23,115$19,078$14,643
18 years$37,409$30,956$25,462$20,831$16,963$12,775
19 years$35,070$28,690$23,309$18,823$15,119$11,170
20 years$32,967$26,660$21,392$17,047$13,505$9,785
21 years$31,067$24,833$19,677$15,472$12,085$8,585
22 years$29,342$23,180$18,135$14,067$10,833$7,542
23 years$27,770$21,680$16,744$12,811$9,724$6,634
24 years$26,330$20,313$15,486$11,685$8,740$5,842
25 years$25,008$19,063$14,343$10,671$7,865$5,148
26 years$23,790$17,916$13,302$9,757$7,084$4,541
27 years$22,663$16,861$12,352$8,931$6,387$4,008
28 years$21,619$15,888$11,483$8,183$5,763$3,540
29 years$20,649$14,988$10,686$7,504$5,204$3,128
30 years$19,745$14,155$9,954$6,887$4,702$2,766
31 years$18,901$13,381$9,280$6,325$4,251$2,446
32 years$18,111$12,661$8,658$5,813$3,846$2,164
33 years$17,371$11,990$8,084$5,345$3,480$1,916
34 years$16,676$11,364$7,553$4,918$3,151$1,696
35 years$16,022$10,779$7,062$4,527$2,854$1,502
36 years$15,406$10,231$6,606$4,170$2,586$1,330
37 years$14,824$9,717$6,183$3,842$2,344$1,179
38 years$14,275$9,234$5,790$3,541$2,125$1,044
39 years$13,754$8,781$5,425$3,265$1,927$926
40 years$13,261$8,354$5,085$3,011$1,748$820
41 years$12,794$7,953$4,768$2,778$1,586$727
42 years$12,350$7,574$4,472$2,564$1,439$645
43 years$11,927$7,216$4,197$2,367$1,306$572
44 years$11,525$6,879$3,939$2,186$1,185$507
45 years$11,142$6,559$3,699$2,018$1,076$450
46 years$10,776$6,257$3,474$1,864$977$399
47 years$10,428$5,971$3,264$1,723$887$354
48 years$10,094$5,701$3,067$1,592$806$314
49 years$9,776$5,444$2,883$1,471$732$278
50 years$9,471$5,200$2,710$1,360$665$247

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $9,700,000, adding $3,966 every year, while hoping to spend $30,178 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: 63/11/26 Blend
64$9,700,000$9,700,000$9,700,000$9,700,000
65$10,693,491$10,179,391$10,029,041$11,293,246
66$11,752,118$10,646,072$10,332,905$12,166,546
67$12,917,713$11,134,609$10,645,936$13,116,339
68$14,201,156$11,646,041$10,968,411$14,153,130
69$15,614,434$12,181,457$11,300,613$15,285,444
70$17,170,756$12,741,998$11,642,833$16,522,662
71$18,884,678$13,328,861$11,995,373$17,875,109
72$20,772,239$13,943,299$12,358,542$19,354,146
73$22,851,113$14,586,626$12,732,659$20,972,283
74$25,140,775$15,260,219$13,118,051$22,743,287
75$27,662,687$15,965,522$13,515,059$24,682,316
76$30,440,496$16,704,048$13,924,029$26,806,056
77$33,500,263$17,477,383$14,345,320$29,132,878
78$36,870,703$18,287,188$14,779,301$31,683,010
79$40,583,461$19,135,207$15,226,354$34,478,724
80$44,673,407$20,023,264$15,686,869$37,544,547
81$49,178,965$20,953,275$16,161,250$40,907,483
82$54,142,480$21,927,246$16,649,913$44,597,274
83$59,610,612$22,947,280$17,153,284$48,646,672
84$65,634,780$24,015,582$17,671,804$53,091,748
85$72,271,645$25,134,464$18,205,928$57,972,229
86$79,583,648$26,306,347$18,756,121$63,331,869
87$87,639,594$27,533,772$19,322,865$69,218,859
88$96,515,306$28,819,401$19,906,655$75,686,282
89$106,294,340$30,166,024$20,508,001$82,792,606
90$117,068,772$31,576,568$21,127,427$90,602,233
91$128,940,066$33,054,100$21,765,476$99,186,107
92$142,020,036$34,601,834$22,422,703$108,622,376
93$156,431,898$36,223,142$23,099,681$118,997,126
94$172,311,433$37,921,557$23,797,002$130,405,192
95$189,808,270$39,700,785$24,515,273$142,951,047
96$209,087,299$41,564,708$25,255,119$156,749,782
97$230,330,223$43,517,398$26,017,186$171,928,192
98$253,737,281$45,563,126$26,802,136$188,625,963
99$279,529,129$47,706,365$27,610,654$206,996,991
100$307,948,932$49,951,808$28,443,442$227,210,824