Can I retire at age 65 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$792,759$785,698$778,808$772,084$765,517$749,449
2 years$392,455$385,146$378,062$371,194$364,532$348,419
3 years$259,038$251,697$244,631$237,828$231,274$215,619
4 years$192,342$185,024$178,029$171,341$164,947$149,870
5 years$152,335$145,061$138,158$131,607$125,390$110,935
6 years$125,673$118,453$111,652$105,247$99,217$85,399
7 years$106,636$99,477$92,783$86,529$80,690$67,512
8 years$92,364$85,270$78,688$72,587$66,940$54,397
9 years$81,270$74,243$67,774$61,828$56,373$44,458
10 years$72,400$65,441$59,087$53,297$48,033$36,732
11 years$65,147$58,259$52,019$46,384$41,310$30,610
12 years$59,108$52,290$46,165$40,685$35,798$25,683
13 years$54,001$47,255$41,246$35,919$31,217$21,668
14 years$49,628$42,953$37,060$31,885$27,364$18,364
15 years$45,842$39,239$33,460$28,435$24,094$15,622
16 years$42,532$36,001$30,336$25,461$21,294$13,332
17 years$39,614$33,155$27,605$22,876$18,881$11,406
18 years$37,024$30,637$25,200$20,616$16,788$9,781
19 years$34,708$28,394$23,069$18,629$14,963$8,402
20 years$32,627$26,385$21,172$16,872$13,366$7,229
21 years$30,747$24,577$19,474$15,312$11,961$6,229
22 years$29,040$22,941$17,948$13,922$10,721$5,373
23 years$27,483$21,457$16,572$12,679$9,624$4,639
24 years$26,059$20,104$15,326$11,564$8,650$4,009
25 years$24,750$18,866$14,195$10,561$7,784$3,467
26 years$23,544$17,731$13,165$9,657$7,011$3,000
27 years$22,430$16,687$12,225$8,839$6,321$2,597
28 years$21,396$15,724$11,365$8,098$5,704$2,250
29 years$20,436$14,834$10,576$7,426$5,150$1,950
30 years$19,541$14,009$9,851$6,816$4,654$1,690
31 years$18,706$13,243$9,184$6,260$4,207$1,465
32 years$17,925$12,531$8,569$5,753$3,806$1,271
33 years$17,192$11,867$8,001$5,290$3,444$1,103
34 years$16,504$11,247$7,475$4,867$3,118$957
35 years$15,857$10,668$6,989$4,481$2,825$830
36 years$15,247$10,125$6,538$4,127$2,559$721
37 years$14,671$9,617$6,119$3,802$2,319$626
38 years$14,127$9,139$5,731$3,504$2,103$543
39 years$13,613$8,690$5,369$3,231$1,907$472
40 years$13,125$8,268$5,032$2,980$1,730$410
41 years$12,662$7,871$4,719$2,750$1,569$356
42 years$12,222$7,496$4,426$2,538$1,424$309
43 years$11,804$7,142$4,153$2,343$1,292$268
44 years$11,406$6,808$3,899$2,163$1,173$233
45 years$11,027$6,492$3,661$1,998$1,065$202
46 years$10,665$6,193$3,438$1,845$967$176
47 years$10,320$5,910$3,230$1,705$878$153
48 years$9,990$5,642$3,036$1,575$797$133
49 years$9,675$5,388$2,853$1,456$724$115
50 years$9,373$5,146$2,682$1,346$658$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $9,600,000, adding $5,992 every year, while hoping to spend $44,941 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: 47/46/7 Blend
64$9,600,000$9,600,000$9,600,000$9,600,000
65$10,585,381$10,076,581$9,927,781$11,062,721
66$11,617,273$10,522,516$10,212,545$11,836,894
67$12,752,911$10,988,797$10,505,342$12,671,378
68$14,002,832$11,476,371$10,806,394$13,575,928
69$15,378,641$11,986,234$11,115,929$14,557,054
70$16,893,130$12,519,426$11,434,180$15,621,900
71$18,560,391$13,077,041$11,761,387$16,778,308
72$20,395,955$13,660,219$12,097,797$18,034,893
73$22,416,931$14,270,159$12,443,662$19,401,111
74$24,642,176$14,908,114$12,799,243$20,887,354
75$27,092,465$15,575,399$13,164,805$22,505,036
76$29,790,693$16,273,390$13,540,622$24,266,698
77$32,762,086$17,003,528$13,926,975$26,186,122
78$36,034,442$17,767,325$14,324,152$28,278,457
79$39,638,393$18,566,362$14,732,449$30,560,352
80$43,607,694$19,402,298$15,152,170$33,050,113
81$47,979,537$20,276,869$15,583,627$35,767,864
82$52,794,910$21,191,896$16,027,139$38,735,736
83$58,098,977$22,149,285$16,483,034$41,978,065
84$63,941,508$23,151,035$16,951,650$45,521,617
85$70,377,343$24,199,238$17,433,333$49,395,833
86$77,466,919$25,296,087$17,928,436$53,633,098
87$85,276,831$26,443,881$18,437,325$58,269,040
88$93,880,465$27,645,029$18,960,372$63,342,858
89$103,358,690$28,902,052$19,497,962$68,897,683
90$113,800,619$30,217,596$20,050,487$74,980,974
91$125,304,455$31,594,431$20,618,351$81,644,962
92$137,978,412$33,035,460$21,201,968$88,947,125
93$151,941,738$34,543,726$21,801,762$96,950,727
94$167,325,844$36,122,417$22,418,170$105,725,400
95$184,275,539$37,774,875$23,051,637$115,347,791
96$202,950,401$39,504,600$23,702,624$125,902,276
97$223,526,279$41,315,263$24,371,599$137,481,739
98$246,196,957$43,210,709$25,059,046$150,188,439
99$271,175,981$45,194,968$25,765,458$164,134,960
100$298,698,674$47,272,264$26,491,344$179,445,262