Can I retire at age 65 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$817,533$810,251$803,146$796,211$789,440$772,238
2 years$404,719$397,182$389,877$382,794$375,924$358,680
3 years$267,133$259,563$252,276$245,260$238,501$221,754
4 years$198,353$190,806$183,592$176,696$170,101$153,979
5 years$157,096$149,594$142,475$135,719$129,308$113,857
6 years$129,600$122,155$115,141$108,536$102,317$87,553
7 years$109,968$102,586$95,683$89,233$83,211$69,136
8 years$95,251$87,935$81,147$74,856$69,032$55,642
9 years$83,810$76,563$69,892$63,760$58,135$45,420
10 years$74,662$67,487$60,933$54,962$49,534$37,481
11 years$67,183$60,079$53,644$47,833$42,601$31,194
12 years$60,955$53,924$47,608$41,956$36,917$26,139
13 years$55,689$48,731$42,535$37,041$32,192$22,024
14 years$51,179$44,296$38,218$32,881$28,219$18,640
15 years$47,274$40,465$34,505$29,324$24,847$15,835
16 years$43,861$37,126$31,284$26,257$21,960$13,494
17 years$40,852$34,191$28,467$23,591$19,471$11,529
18 years$38,180$31,594$25,987$21,261$17,313$9,871
19 years$35,793$29,281$23,790$19,211$15,431$8,467
20 years$33,647$27,210$21,833$17,399$13,783$7,275
21 years$31,708$25,345$20,082$15,791$12,335$6,258
22 years$29,947$23,658$18,509$14,357$11,056$5,390
23 years$28,342$22,127$17,090$13,076$9,925$4,646
24 years$26,873$20,732$15,805$11,926$8,920$4,009
25 years$25,524$19,456$14,639$10,891$8,027$3,461
26 years$24,280$18,285$13,577$9,958$7,231$2,990
27 years$23,131$17,209$12,607$9,115$6,519$2,585
28 years$22,065$16,216$11,720$8,351$5,882$2,235
29 years$21,075$15,297$10,906$7,658$5,311$1,934
30 years$20,152$14,447$10,159$7,029$4,799$1,674
31 years$19,291$13,657$9,471$6,455$4,339$1,449
32 years$18,485$12,922$8,836$5,932$3,925$1,255
33 years$17,729$12,238$8,251$5,455$3,552$1,087
34 years$17,020$11,599$7,709$5,019$3,216$941
35 years$16,352$11,001$7,207$4,621$2,913$815
36 years$15,723$10,442$6,742$4,255$2,639$707
37 years$15,130$9,917$6,311$3,921$2,392$612
38 years$14,569$9,425$5,910$3,614$2,169$531
39 years$14,038$8,962$5,537$3,332$1,966$460
40 years$13,535$8,527$5,190$3,074$1,784$399
41 years$13,058$8,117$4,866$2,836$1,618$346
42 years$12,604$7,730$4,565$2,617$1,468$300
43 years$12,173$7,365$4,283$2,416$1,333$260
44 years$11,763$7,020$4,021$2,231$1,210$225
45 years$11,372$6,695$3,775$2,060$1,098$195
46 years$10,999$6,386$3,546$1,903$997$169
47 years$10,643$6,095$3,331$1,758$905$147
48 years$10,302$5,818$3,130$1,624$822$127
49 years$9,977$5,556$2,942$1,501$747$110
50 years$9,666$5,307$2,766$1,388$678$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $9,900,000, adding $6,069 every year, while hoping to spend $59,021 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: 43/48/9 Blend
64$9,900,000$9,900,000$9,900,000$9,900,000
65$10,916,060$10,391,360$10,237,910$11,356,780
66$11,966,700$10,837,739$10,518,082$12,110,319
67$13,122,528$11,304,012$10,805,662$12,919,686
68$14,394,209$11,791,092$11,100,835$13,795,138
69$15,793,497$12,299,935$11,403,792$14,742,745
70$17,333,342$12,831,539$11,714,727$15,769,164
71$19,028,011$13,386,953$12,033,839$16,881,702
72$20,893,227$13,967,272$12,361,331$18,088,379
73$22,946,312$14,573,644$12,697,411$19,398,003
74$25,206,353$15,207,271$13,042,292$20,820,242
75$27,694,384$15,869,410$13,396,192$22,365,717
76$30,433,579$16,561,379$13,759,332$24,046,094
77$33,449,475$17,284,557$14,131,940$25,874,188
78$36,770,209$18,040,388$14,514,248$27,864,084
79$40,426,788$18,830,385$14,906,493$30,031,256
80$44,453,378$19,656,131$15,308,918$32,392,716
81$48,887,626$20,519,285$15,721,771$34,967,161
82$53,771,018$21,421,584$16,145,304$37,775,147
83$59,149,267$22,364,847$16,579,776$40,839,277
84$65,072,746$23,350,977$17,025,452$44,184,403
85$71,596,962$24,381,972$17,482,601$47,837,860
86$78,783,082$25,459,919$17,951,499$51,829,708
87$86,698,509$26,587,007$18,432,426$56,193,016
88$95,417,515$27,765,528$18,925,671$60,964,160
89$105,021,946$28,997,884$19,431,525$66,183,159
90$115,601,992$30,286,588$19,950,289$71,894,044
91$127,257,039$31,634,274$20,482,267$78,145,267
92$140,096,605$33,043,702$21,027,771$84,990,141
93$154,241,377$34,517,761$21,587,119$92,487,340
94$169,824,345$36,059,479$22,160,635$100,701,439
95$186,992,061$37,672,027$22,748,650$109,703,509
96$205,906,023$39,358,727$23,351,501$119,571,783
97$226,744,192$41,123,060$23,969,532$130,392,374
98$249,702,682$42,968,672$24,603,093$142,260,081
99$274,997,600$44,899,381$25,252,541$155,279,266
100$302,867,096$46,919,191$25,918,241$169,564,828