Can I retire at age 65 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$801,017$793,882$786,921$780,126$773,492$758,184
2 years$396,543$389,158$382,000$375,061$368,329$352,972
3 years$261,736$254,319$247,180$240,305$233,683$218,755
4 years$194,346$186,951$179,883$173,126$166,665$152,281
5 years$153,922$146,572$139,597$132,978$126,696$112,897
6 years$126,982$119,687$112,815$106,343$100,250$87,051
7 years$107,746$100,513$93,750$87,431$81,530$68,934
8 years$93,326$86,158$79,507$73,343$67,637$55,640
9 years$82,117$75,016$68,480$62,472$56,960$45,555
10 years$73,154$66,123$59,702$53,852$48,533$37,709
11 years$65,826$58,866$52,561$46,867$41,740$31,483
12 years$59,723$52,835$46,646$41,109$36,171$26,467
13 years$54,564$47,747$41,675$36,293$31,542$22,375
14 years$50,145$43,401$37,446$32,217$27,649$19,002
15 years$46,319$39,647$33,808$28,732$24,345$16,198
16 years$42,975$36,376$30,652$25,726$21,516$13,852
17 years$40,027$33,501$27,892$23,115$19,078$11,877
18 years$37,409$30,956$25,462$20,831$16,963$10,207
19 years$35,070$28,690$23,309$18,823$15,119$8,788
20 years$32,967$26,660$21,392$17,047$13,505$7,578
21 years$31,067$24,833$19,677$15,472$12,085$6,544
22 years$29,342$23,180$18,135$14,067$10,833$5,658
23 years$27,770$21,680$16,744$12,811$9,724$4,897
24 years$26,330$20,313$15,486$11,685$8,740$4,242
25 years$25,008$19,063$14,343$10,671$7,865$3,677
26 years$23,790$17,916$13,302$9,757$7,084$3,189
27 years$22,663$16,861$12,352$8,931$6,387$2,768
28 years$21,619$15,888$11,483$8,183$5,763$2,404
29 years$20,649$14,988$10,686$7,504$5,204$2,088
30 years$19,745$14,155$9,954$6,887$4,702$1,814
31 years$18,901$13,381$9,280$6,325$4,251$1,577
32 years$18,111$12,661$8,658$5,813$3,846$1,371
33 years$17,371$11,990$8,084$5,345$3,480$1,193
34 years$16,676$11,364$7,553$4,918$3,151$1,038
35 years$16,022$10,779$7,062$4,527$2,854$903
36 years$15,406$10,231$6,606$4,170$2,586$786
37 years$14,824$9,717$6,183$3,842$2,344$684
38 years$14,275$9,234$5,790$3,541$2,125$595
39 years$13,754$8,781$5,425$3,265$1,927$518
40 years$13,261$8,354$5,085$3,011$1,748$451
41 years$12,794$7,953$4,768$2,778$1,586$393
42 years$12,350$7,574$4,472$2,564$1,439$342
43 years$11,927$7,216$4,197$2,367$1,306$298
44 years$11,525$6,879$3,939$2,186$1,185$259
45 years$11,142$6,559$3,699$2,018$1,076$226
46 years$10,776$6,257$3,474$1,864$977$197
47 years$10,428$5,971$3,264$1,723$887$171
48 years$10,094$5,701$3,067$1,592$806$149
49 years$9,776$5,444$2,883$1,471$732$130
50 years$9,471$5,200$2,710$1,360$665$113

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $9,700,000, adding $5,752 every year, while hoping to spend $21,994 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: 68/13/19 Blend
64$9,700,000$9,700,000$9,700,000$9,700,000
65$10,695,333$10,181,233$10,030,883$11,372,297
66$11,762,856$10,656,712$10,343,516$12,300,895
67$12,938,528$11,154,752$10,665,886$13,313,178
68$14,233,359$11,676,436$10,998,294$14,419,950
69$15,659,479$12,222,898$11,341,053$15,630,518
70$17,230,253$12,795,328$11,694,486$16,955,124
71$18,960,412$13,394,973$12,058,925$18,405,041
72$20,866,187$14,023,139$12,434,711$19,992,677
73$22,965,462$14,681,197$12,822,198$21,731,692
74$25,277,948$15,370,584$13,221,751$23,637,121
75$27,825,363$16,092,807$13,633,743$25,725,520
76$30,631,639$16,849,444$14,058,563$28,015,113
77$33,723,150$17,642,150$14,496,609$30,525,969
78$37,128,959$18,472,663$14,948,293$33,280,183
79$40,881,091$19,342,802$15,414,039$36,302,085
80$45,014,837$20,254,474$15,894,284$39,618,467
81$49,569,087$21,209,679$16,389,479$43,258,834
82$54,586,697$22,210,517$16,900,089$47,255,677
83$60,114,892$23,259,184$17,426,594$51,644,778
84$66,205,714$24,357,987$17,969,489$56,465,549
85$72,916,512$25,509,344$18,529,281$61,761,392
86$80,310,482$26,715,788$19,106,498$67,580,115
87$88,457,267$27,979,977$19,701,682$73,974,372
88$97,433,610$29,304,697$20,315,390$81,002,164
89$107,324,081$30,692,871$20,948,198$88,727,374
90$118,221,876$32,147,560$21,600,702$97,220,374
91$130,229,695$33,671,978$22,273,513$106,558,682
92$143,460,710$35,269,491$22,967,262$116,827,688
93$158,039,638$36,943,632$23,682,601$128,121,459
94$174,103,914$38,698,102$24,420,200$140,543,620
95$191,804,989$40,536,785$25,180,753$154,208,329
96$211,309,762$42,463,752$25,964,972$169,241,348
97$232,802,152$44,483,270$26,773,593$185,781,225
98$256,484,838$46,599,817$27,607,375$203,980,601
99$282,581,170$48,818,086$28,467,100$224,007,636
100$311,337,276$51,142,999$29,353,575$246,047,601