Can I retire at age 65 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$809,275$802,066$795,033$788,169$781,466$754,941
2 years$400,631$393,170$385,938$378,927$372,127$345,669
3 years$264,434$256,941$249,728$242,782$236,092$210,533
4 years$196,349$188,879$181,738$174,911$168,383$143,917
5 years$155,509$148,083$141,036$134,348$128,002$104,695
6 years$128,291$120,921$113,978$107,440$101,284$79,154
7 years$108,857$101,549$94,716$88,332$82,371$61,414
8 years$94,288$87,047$80,327$74,099$68,335$48,535
9 years$82,963$75,790$69,186$63,116$57,548$38,882
10 years$73,908$66,805$60,318$54,407$49,033$31,470
11 years$66,505$59,472$53,103$47,350$42,170$25,676
12 years$60,339$53,379$47,127$41,533$36,544$21,080
13 years$55,126$48,239$42,105$36,667$31,867$17,394
14 years$50,662$43,848$37,832$32,549$27,934$14,410
15 years$46,797$40,056$34,157$29,028$24,596$11,978
16 years$43,418$36,751$30,968$25,991$21,738$9,983
17 years$40,439$33,846$28,180$23,353$19,274$8,338
18 years$37,795$31,275$25,725$21,046$17,138$6,977
19 years$35,431$28,986$23,550$19,017$15,275$5,847
20 years$33,307$26,935$21,613$17,223$13,644$4,907
21 years$31,388$25,089$19,879$15,631$12,210$4,121
22 years$29,645$23,419$18,322$14,212$10,944$3,465
23 years$28,056$21,904$16,917$12,943$9,824$2,915
24 years$26,602$20,522$15,645$11,805$8,830$2,454
25 years$25,266$19,259$14,491$10,781$7,946$2,067
26 years$24,035$18,101$13,440$9,858$7,157$1,742
27 years$22,897$17,035$12,480$9,023$6,453$1,468
28 years$21,842$16,052$11,602$8,267$5,823$1,238
29 years$20,862$15,143$10,796$7,581$5,258$1,044
30 years$19,949$14,301$10,056$6,958$4,751$881
31 years$19,096$13,519$9,375$6,390$4,295$743
32 years$18,298$12,792$8,747$5,872$3,885$627
33 years$17,550$12,114$8,167$5,400$3,516$529
34 years$16,848$11,481$7,631$4,969$3,183$447
35 years$16,187$10,890$7,135$4,574$2,883$377
36 years$15,565$10,336$6,674$4,213$2,612$318
37 years$14,977$9,817$6,247$3,881$2,368$269
38 years$14,422$9,330$5,850$3,577$2,147$227
39 years$13,896$8,872$5,481$3,299$1,947$192
40 years$13,398$8,441$5,137$3,042$1,766$162
41 years$12,926$8,035$4,817$2,807$1,602$137
42 years$12,477$7,652$4,519$2,591$1,454$115
43 years$12,050$7,291$4,240$2,391$1,319$97
44 years$11,644$6,950$3,980$2,208$1,197$82
45 years$11,257$6,627$3,737$2,039$1,087$70
46 years$10,888$6,322$3,510$1,884$987$59
47 years$10,535$6,033$3,298$1,740$896$50
48 years$10,198$5,759$3,099$1,608$814$42
49 years$9,876$5,500$2,913$1,486$739$35
50 years$9,568$5,254$2,738$1,374$671$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $9,800,000, adding $3,351 every year, while hoping to spend $24,783 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: 41/43/16 Blend
64$9,800,000$9,800,000$9,800,000$9,800,000
65$10,803,057$10,283,657$10,131,757$11,194,837
66$11,878,599$10,761,187$10,444,801$11,949,989
67$13,063,017$11,261,285$10,767,503$12,764,131
68$14,367,388$11,785,032$11,100,158$13,644,785
69$15,803,922$12,333,559$11,443,073$14,598,028
70$17,386,070$12,908,051$11,796,564$15,630,526
71$19,128,657$13,509,754$12,160,957$16,749,592
72$21,048,018$14,139,970$12,536,587$17,963,250
73$23,162,154$14,800,066$12,923,800$19,280,306
74$25,490,899$15,491,474$13,322,953$20,710,427
75$28,056,112$16,215,698$13,734,413$22,264,229
76$30,881,878$16,974,310$14,158,559$23,953,365
77$33,994,740$17,768,961$14,595,781$25,790,638
78$37,423,945$18,601,382$15,046,481$27,790,110
79$41,201,724$19,473,387$15,511,075$29,967,228
80$45,363,594$20,386,876$15,989,990$32,338,970
81$49,948,692$21,343,845$16,483,666$34,923,991
82$55,000,147$22,346,382$16,992,558$37,742,794
83$60,565,487$23,396,679$17,517,133$40,817,920
84$66,697,084$24,497,034$18,057,874$44,174,148
85$73,452,652$25,649,854$18,615,278$47,838,723
86$80,895,791$26,857,665$19,189,859$51,841,605
87$89,096,585$28,123,114$19,782,143$56,215,739
88$98,132,268$29,448,978$20,392,675$60,997,365
89$108,087,946$30,838,165$21,022,017$66,226,340
90$119,057,409$32,293,727$21,670,747$71,946,513
91$131,144,008$33,818,863$22,339,461$78,206,121
92$144,461,637$35,416,928$23,028,773$85,058,239
93$159,135,804$37,091,437$23,739,316$92,561,265
94$175,304,817$38,846,078$24,471,744$100,779,459
95$193,121,089$40,684,717$25,226,729$109,783,542
96$212,752,580$42,611,408$26,004,964$119,651,343
97$234,384,377$44,630,401$26,807,164$130,468,523
98$258,220,444$46,746,151$27,634,065$142,329,372
99$284,485,550$48,963,333$28,486,426$155,337,675
100$313,427,384$51,286,845$29,365,030$169,607,685