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

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$743,212$736,591$730,133$723,828$717,673$696,654
2 years$367,927$361,074$354,433$347,994$341,749$320,743
3 years$242,848$235,966$229,342$222,963$216,820$196,485
4 years$180,321$173,460$166,902$160,633$154,638$135,130
5 years$142,814$135,995$129,523$123,381$117,553$98,926
6 years$117,818$111,050$104,674$98,669$93,016$75,286
7 years$99,971$93,260$86,984$81,121$75,647$58,814
8 years$86,591$79,941$73,770$68,051$62,756$46,811
9 years$76,191$69,603$63,538$57,964$52,850$37,775
10 years$67,875$61,351$55,394$49,966$45,031$30,806
11 years$61,076$54,618$48,768$43,485$38,728$25,329
12 years$55,414$49,022$43,280$38,142$33,561$20,962
13 years$50,626$44,301$38,668$33,674$29,266$17,438
14 years$46,527$40,269$34,743$29,892$25,654$14,568
15 years$42,977$36,786$31,369$26,658$22,588$12,212
16 years$39,873$33,751$28,440$23,870$19,963$10,266
17 years$37,138$31,083$25,879$21,447$17,701$8,651
18 years$34,710$28,722$23,625$19,328$15,739$7,304
19 years$32,539$26,619$21,627$17,464$14,028$6,177
20 years$30,588$24,736$19,848$15,817$12,530$5,231
21 years$28,825$23,041$18,257$14,355$11,213$4,435
22 years$27,225$21,508$16,826$13,052$10,051$3,763
23 years$25,766$20,116$15,536$11,887$9,022$3,196
24 years$24,430$18,847$14,368$10,841$8,110$2,717
25 years$23,203$17,687$13,308$9,901$7,297$2,310
26 years$22,073$16,623$12,342$9,053$6,573$1,966
27 years$21,028$15,644$11,461$8,286$5,926$1,673
28 years$20,059$14,741$10,654$7,592$5,347$1,425
29 years$19,159$13,907$9,915$6,962$4,829$1,213
30 years$18,320$13,133$9,235$6,390$4,363$1,034
31 years$17,537$12,416$8,610$5,868$3,944$881
32 years$16,804$11,748$8,033$5,393$3,568$751
33 years$16,118$11,125$7,501$4,959$3,229$640
34 years$15,473$10,544$7,008$4,563$2,924$546
35 years$14,866$10,001$6,552$4,201$2,648$465
36 years$14,294$9,492$6,129$3,869$2,399$397
37 years$13,754$9,016$5,737$3,564$2,175$338
38 years$13,244$8,568$5,372$3,285$1,971$289
39 years$12,762$8,147$5,033$3,029$1,788$246
40 years$12,304$7,752$4,718$2,794$1,622$210
41 years$11,870$7,379$4,424$2,578$1,471$179
42 years$11,458$7,027$4,150$2,379$1,335$153
43 years$11,066$6,696$3,894$2,196$1,211$130
44 years$10,693$6,382$3,655$2,028$1,100$111
45 years$10,338$6,086$3,432$1,873$998$95
46 years$9,999$5,806$3,223$1,730$906$81
47 years$9,675$5,541$3,028$1,598$823$69
48 years$9,366$5,289$2,846$1,477$747$59
49 years$9,070$5,051$2,675$1,365$679$50
50 years$8,787$4,825$2,515$1,262$617$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $9,000,000, adding $5,711 every year, while hoping to spend $55,199 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: 34/38/28 Blend
64$9,000,000$9,000,000$9,000,000$9,000,000
65$9,923,891$9,446,891$9,307,391$10,177,007
66$10,877,396$9,851,057$9,560,457$10,772,658
67$11,926,310$10,273,178$9,820,151$11,409,196
68$13,080,303$10,714,074$10,086,637$12,094,560
69$14,350,036$11,174,605$10,360,081$12,833,133
70$15,747,252$11,655,672$10,640,655$13,629,725
71$17,284,888$12,158,217$10,928,534$14,489,609
72$18,977,204$12,683,227$11,223,897$15,418,572
73$20,839,907$13,231,733$11,526,926$16,422,965
74$22,890,307$13,804,818$11,837,807$17,509,759
75$25,147,477$14,403,613$12,156,733$18,686,607
76$27,632,433$15,029,303$12,483,896$19,961,910
77$30,368,331$15,683,129$12,819,497$21,344,899
78$33,380,689$16,366,390$13,163,738$22,845,711
79$36,697,623$17,080,447$13,516,827$24,475,482
80$40,350,116$17,826,724$13,878,976$26,246,451
81$44,372,307$18,606,713$14,250,401$28,172,067
82$48,801,815$19,421,975$14,631,323$30,267,111
83$53,680,095$20,274,147$15,021,967$32,547,832
84$59,052,825$21,164,940$15,422,563$35,032,095
85$64,970,340$22,096,149$15,833,346$37,739,544
86$71,488,107$23,069,653$16,254,555$40,691,777
87$78,667,246$24,087,417$16,686,434$43,912,551
88$86,575,108$25,151,504$17,129,233$47,427,995
89$95,285,913$26,264,072$17,583,206$51,266,851
90$104,881,444$27,427,379$18,048,611$55,460,738
91$115,451,825$28,643,794$18,525,713$60,044,443
92$127,096,367$29,915,796$19,014,781$65,056,244
93$139,924,509$31,245,983$19,516,089$70,538,260
94$154,056,848$32,637,075$20,029,917$76,536,841
95$169,626,276$34,091,922$20,556,549$83,102,998
96$186,779,239$35,613,508$21,096,275$90,292,876
97$205,677,112$37,204,961$21,649,392$98,168,271
98$226,497,730$38,869,557$22,216,199$106,797,207
99$249,437,060$40,610,726$22,797,003$116,254,567
100$274,711,053$42,432,065$23,392,116$126,622,785