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

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$817,533$810,251$803,146$796,211$789,440$780,222
2 years$404,719$397,182$389,877$382,794$375,924$366,646
3 years$267,133$259,563$252,276$245,260$238,501$229,451
4 years$198,353$190,806$183,592$176,696$170,101$161,349
5 years$157,096$149,594$142,475$135,719$129,308$120,879
6 years$129,600$122,155$115,141$108,536$102,317$94,221
7 years$109,968$102,586$95,683$89,233$83,211$75,451
8 years$95,251$87,935$81,147$74,856$69,032$61,608
9 years$83,810$76,563$69,892$63,760$58,135$51,044
10 years$74,662$67,487$60,933$54,962$49,534$42,771
11 years$67,183$60,079$53,644$47,833$42,601$36,160
12 years$60,955$53,924$47,608$41,956$36,917$30,792
13 years$55,689$48,731$42,535$37,041$32,192$26,375
14 years$51,179$44,296$38,218$32,881$28,219$22,702
15 years$47,274$40,465$34,505$29,324$24,847$19,619
16 years$43,861$37,126$31,284$26,257$21,960$17,014
17 years$40,852$34,191$28,467$23,591$19,471$14,797
18 years$38,180$31,594$25,987$21,261$17,313$12,901
19 years$35,793$29,281$23,790$19,211$15,431$11,272
20 years$33,647$27,210$21,833$17,399$13,783$9,866
21 years$31,708$25,345$20,082$15,791$12,335$8,650
22 years$29,947$23,658$18,509$14,357$11,056$7,594
23 years$28,342$22,127$17,090$13,076$9,925$6,674
24 years$26,873$20,732$15,805$11,926$8,920$5,873
25 years$25,524$19,456$14,639$10,891$8,027$5,172
26 years$24,280$18,285$13,577$9,958$7,231$4,558
27 years$23,131$17,209$12,607$9,115$6,519$4,020
28 years$22,065$16,216$11,720$8,351$5,882$3,548
29 years$21,075$15,297$10,906$7,658$5,311$3,132
30 years$20,152$14,447$10,159$7,029$4,799$2,767
31 years$19,291$13,657$9,471$6,455$4,339$2,445
32 years$18,485$12,922$8,836$5,932$3,925$2,162
33 years$17,729$12,238$8,251$5,455$3,552$1,912
34 years$17,020$11,599$7,709$5,019$3,216$1,691
35 years$16,352$11,001$7,207$4,621$2,913$1,496
36 years$15,723$10,442$6,742$4,255$2,639$1,324
37 years$15,130$9,917$6,311$3,921$2,392$1,172
38 years$14,569$9,425$5,910$3,614$2,169$1,038
39 years$14,038$8,962$5,537$3,332$1,966$919
40 years$13,535$8,527$5,190$3,074$1,784$814
41 years$13,058$8,117$4,866$2,836$1,618$721
42 years$12,604$7,730$4,565$2,617$1,468$639
43 years$12,173$7,365$4,283$2,416$1,333$566
44 years$11,763$7,020$4,021$2,231$1,210$501
45 years$11,372$6,695$3,775$2,060$1,098$444
46 years$10,999$6,386$3,546$1,903$997$393
47 years$10,643$6,095$3,331$1,758$905$349
48 years$10,302$5,818$3,130$1,624$822$309
49 years$9,977$5,556$2,942$1,501$747$274
50 years$9,666$5,307$2,766$1,388$678$243

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 $3,073 every year, while hoping to spend $43,836 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: 59/14/27 Blend
64$9,900,000$9,900,000$9,900,000$9,900,000
65$10,912,970$10,388,270$10,234,820$11,476,750
66$11,979,452$10,850,654$10,531,045$12,324,511
67$13,153,245$11,334,226$10,835,725$13,243,837
68$14,445,250$11,839,977$11,149,096$14,245,707
69$15,867,477$12,368,947$11,471,401$15,338,152
70$17,433,158$12,922,223$11,802,892$16,530,004
71$19,156,875$13,500,948$12,143,824$17,830,984
72$21,054,696$14,106,314$12,494,462$19,251,787
73$23,144,325$14,739,573$12,855,076$20,804,185
74$25,445,271$15,402,037$13,225,946$22,501,131
75$27,979,030$16,095,078$13,607,356$24,356,885
76$30,769,291$16,820,136$13,999,602$26,387,141
77$33,842,154$17,578,719$14,402,985$28,609,175
78$37,226,383$18,372,405$14,817,814$31,042,007
79$40,953,672$19,202,851$15,244,409$33,706,576
80$45,058,946$20,071,789$15,683,095$36,625,936
81$49,580,689$20,981,038$16,134,210$39,825,469
82$54,561,311$21,932,500$16,598,097$43,333,125
83$60,047,543$22,928,171$17,075,112$47,179,680
84$66,090,881$23,970,141$17,565,617$51,399,023
85$72,748,073$25,060,599$18,069,987$56,028,478
86$80,081,649$26,201,842$18,588,605$61,109,145
87$88,160,518$27,396,273$19,121,864$66,686,290
88$97,060,615$28,646,414$19,670,170$72,809,766
89$106,865,614$29,954,904$20,233,937$79,534,483
90$117,667,725$31,324,513$20,813,592$86,920,918
91$129,568,558$32,758,140$21,409,573$95,035,685
92$142,680,086$34,258,824$22,022,329$103,952,158
93$157,125,700$35,829,751$22,652,321$113,751,160
94$173,041,371$37,474,259$23,300,025$124,521,721
95$190,576,940$39,195,847$23,965,925$136,361,912
96$209,897,526$40,998,181$24,650,521$149,379,769
97$231,185,086$42,885,104$25,354,326$163,694,305
98$254,640,135$44,860,644$26,077,865$179,436,629
99$280,483,635$46,929,022$26,821,680$196,751,177
100$308,959,083$49,094,662$27,586,324$215,797,071