Can I retire at age 65 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$776,243$769,329$762,583$755,999$749,569$731,746
2 years$384,279$377,122$370,186$363,461$356,938$339,085
3 years$253,641$246,453$239,535$232,873$226,456$209,132
4 years$188,335$181,169$174,320$167,772$161,510$144,849
5 years$149,162$142,039$135,279$128,865$122,778$106,824
6 years$123,055$115,985$109,326$103,054$97,150$81,921
7 years$104,414$97,404$90,850$84,727$79,009$64,507
8 years$90,440$83,494$77,048$71,075$65,545$51,765
9 years$79,577$72,696$66,362$60,540$55,199$42,129
10 years$70,892$64,078$57,856$52,186$47,032$34,657
11 years$63,790$57,045$50,935$45,418$40,449$28,753
12 years$57,876$51,201$45,204$39,837$35,052$24,015
13 years$52,876$46,270$40,386$35,170$30,566$20,167
14 years$48,594$42,058$36,287$31,220$26,794$17,010
15 years$44,887$38,421$32,763$27,843$23,592$14,400
16 years$41,646$35,251$29,704$24,930$20,850$12,228
17 years$38,789$32,465$27,030$22,400$18,487$10,409
18 years$36,252$29,999$24,675$20,187$16,438$8,880
19 years$33,985$27,802$22,588$18,240$14,652$7,589
20 years$31,948$25,835$20,730$16,520$13,087$6,495
21 years$30,106$24,065$19,068$14,993$11,712$5,566
22 years$28,435$22,463$17,574$13,632$10,498$4,775
23 years$26,911$21,010$16,227$12,415$9,423$4,101
24 years$25,516$19,685$15,007$11,323$8,470$3,524
25 years$24,235$18,473$13,899$10,341$7,622$3,031
26 years$23,054$17,362$12,891$9,455$6,865$2,608
27 years$21,962$16,339$11,970$8,655$6,190$2,245
28 years$20,951$15,397$11,128$7,930$5,585$1,934
29 years$20,010$14,525$10,356$7,272$5,043$1,666
30 years$19,134$13,717$9,646$6,674$4,557$1,436
31 years$18,317$12,967$8,993$6,129$4,120$1,238
32 years$17,551$12,270$8,390$5,633$3,727$1,067
33 years$16,834$11,620$7,834$5,180$3,373$921
34 years$16,160$11,013$7,320$4,766$3,054$794
35 years$15,527$10,445$6,843$4,387$2,766$685
36 years$14,929$9,914$6,402$4,041$2,506$591
37 years$14,366$9,416$5,992$3,723$2,271$510
38 years$13,833$8,949$5,611$3,431$2,059$440
39 years$13,329$8,509$5,257$3,164$1,867$380
40 years$12,851$8,096$4,927$2,918$1,694$328
41 years$12,398$7,707$4,620$2,692$1,536$283
42 years$11,968$7,340$4,334$2,485$1,394$244
43 years$11,558$6,993$4,067$2,294$1,265$211
44 years$11,169$6,666$3,818$2,118$1,149$182
45 years$10,797$6,357$3,585$1,956$1,043$157
46 years$10,443$6,064$3,367$1,807$947$136
47 years$10,105$5,787$3,163$1,669$860$117
48 years$9,782$5,524$2,972$1,542$781$101
49 years$9,473$5,275$2,794$1,425$709$87
50 years$9,178$5,039$2,627$1,318$644$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $9,400,000, adding $6,815 every year, while hoping to spend $27,460 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: 44/36/20 Blend
64$9,400,000$9,400,000$9,400,000$9,400,000
65$10,365,830$9,867,630$9,721,930$10,761,631
66$11,393,927$10,321,926$10,018,397$11,495,485
67$12,525,970$10,797,563$10,323,876$12,287,215
68$13,772,532$11,295,557$10,638,639$13,144,838
69$15,145,264$11,816,973$10,962,967$14,074,462
70$16,657,005$12,362,928$11,297,150$15,082,795
71$18,321,901$12,934,594$11,641,487$16,177,200
72$20,155,542$13,533,196$11,996,284$17,365,763
73$22,175,106$14,160,021$12,361,858$18,657,365
74$24,399,522$14,816,417$12,738,535$20,061,759
75$26,849,649$15,503,797$13,126,651$21,589,664
76$29,548,472$16,223,642$13,526,553$23,252,856
77$32,521,320$16,977,505$13,938,597$25,064,275
78$35,796,104$17,767,012$14,363,149$27,038,147
79$39,403,581$18,593,869$14,800,589$29,190,106
80$43,377,643$19,459,866$15,251,305$31,537,342
81$47,755,639$20,366,875$15,715,700$34,098,756
82$52,578,724$21,316,862$16,194,186$36,895,132
83$57,892,253$22,311,887$16,687,190$39,949,325
84$63,746,202$23,354,109$17,195,150$43,286,476
85$70,195,646$24,445,792$17,718,519$46,934,237
86$77,301,274$25,589,308$18,257,761$50,923,028
87$85,129,964$26,787,144$18,813,357$55,286,314
88$93,755,416$28,041,910$19,385,800$60,060,919
89$103,258,843$29,356,338$19,975,599$65,287,359
90$113,729,741$30,733,295$20,583,278$71,010,219
91$125,266,734$32,175,786$21,209,377$77,278,567
92$137,978,502$33,686,960$21,854,451$84,146,404
93$151,984,808$35,270,120$22,519,075$91,673,167
94$167,417,632$36,928,729$23,203,837$99,924,279
95$184,422,410$38,666,417$23,909,345$108,971,757
96$203,159,413$40,486,988$24,636,226$118,894,878
97$223,805,257$42,394,435$25,385,123$129,780,922
98$246,554,570$44,392,939$26,156,701$141,725,976
99$271,621,830$46,486,886$26,951,645$154,835,834
100$299,243,389$48,680,877$27,770,657$169,226,981