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%19.9%
1 years$801,017$793,882$786,921$780,126$773,492$742,802
2 years$396,543$389,158$382,000$375,061$368,329$337,791
3 years$261,736$254,319$247,180$240,305$233,683$204,257
4 years$194,346$186,951$179,883$173,126$166,665$138,575
5 years$153,922$146,572$139,597$132,978$126,696$100,014
6 years$126,982$119,687$112,815$106,343$100,250$74,993
7 years$107,746$100,513$93,750$87,431$81,530$57,689
8 years$93,326$86,158$79,507$73,343$67,637$45,187
9 years$82,117$75,016$68,480$62,472$56,960$35,868
10 years$73,154$66,123$59,702$53,852$48,533$28,756
11 years$65,826$58,866$52,561$46,867$41,740$23,234
12 years$59,723$52,835$46,646$41,109$36,171$18,885
13 years$54,564$47,747$41,675$36,293$31,542$15,423
14 years$50,145$43,401$37,446$32,217$27,649$12,645
15 years$46,319$39,647$33,808$28,732$24,345$10,398
16 years$42,975$36,376$30,652$25,726$21,516$8,572
17 years$40,027$33,501$27,892$23,115$19,078$7,081
18 years$37,409$30,956$25,462$20,831$16,963$5,860
19 years$35,070$28,690$23,309$18,823$15,119$4,855
20 years$32,967$26,660$21,392$17,047$13,505$4,027
21 years$31,067$24,833$19,677$15,472$12,085$3,344
22 years$29,342$23,180$18,135$14,067$10,833$2,778
23 years$27,770$21,680$16,744$12,811$9,724$2,310
24 years$26,330$20,313$15,486$11,685$8,740$1,922
25 years$25,008$19,063$14,343$10,671$7,865$1,599
26 years$23,790$17,916$13,302$9,757$7,084$1,331
27 years$22,663$16,861$12,352$8,931$6,387$1,109
28 years$21,619$15,888$11,483$8,183$5,763$924
29 years$20,649$14,988$10,686$7,504$5,204$770
30 years$19,745$14,155$9,954$6,887$4,702$641
31 years$18,901$13,381$9,280$6,325$4,251$534
32 years$18,111$12,661$8,658$5,813$3,846$445
33 years$17,371$11,990$8,084$5,345$3,480$371
34 years$16,676$11,364$7,553$4,918$3,151$310
35 years$16,022$10,779$7,062$4,527$2,854$258
36 years$15,406$10,231$6,606$4,170$2,586$215
37 years$14,824$9,717$6,183$3,842$2,344$179
38 years$14,275$9,234$5,790$3,541$2,125$150
39 years$13,754$8,781$5,425$3,265$1,927$125
40 years$13,261$8,354$5,085$3,011$1,748$104
41 years$12,794$7,953$4,768$2,778$1,586$87
42 years$12,350$7,574$4,472$2,564$1,439$72
43 years$11,927$7,216$4,197$2,367$1,306$60
44 years$11,525$6,879$3,939$2,186$1,185$50
45 years$11,142$6,559$3,699$2,018$1,076$42
46 years$10,776$6,257$3,474$1,864$977$35
47 years$10,428$5,971$3,264$1,723$887$29
48 years$10,094$5,701$3,067$1,592$806$24
49 years$9,776$5,444$2,883$1,471$732$20
50 years$9,471$5,200$2,710$1,360$665$17

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 $5,479 every year, while hoping to spend $25,040 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: 33/46/21 Blend
64$9,700,000$9,700,000$9,700,000$9,700,000
65$10,695,052$10,180,952$10,030,602$10,978,713
66$11,759,304$10,653,176$10,339,984$11,662,795
67$12,931,272$11,147,700$10,658,892$12,396,888
68$14,221,914$11,665,590$10,987,618$13,187,545
69$15,643,309$12,207,964$11,326,463$14,039,765
70$17,208,766$12,775,993$11,675,738$14,959,018
71$18,932,949$13,370,905$12,035,764$15,951,302
72$20,832,018$13,993,988$12,406,871$17,023,185
73$22,923,781$14,646,591$12,789,399$18,181,869
74$25,227,862$15,330,129$13,183,699$19,435,248
75$27,765,884$16,046,085$13,590,132$20,791,980
76$30,561,674$16,796,013$14,009,071$22,261,562
77$33,641,490$17,581,543$14,440,901$23,854,413
78$37,034,267$18,404,384$14,886,016$25,581,964
79$40,771,890$19,266,326$15,344,825$27,456,764
80$44,889,495$20,169,248$15,817,749$29,492,588
81$49,425,799$21,115,117$16,305,219$31,704,561
82$54,423,470$22,105,997$16,807,684$34,109,290
83$59,929,525$23,144,053$17,325,602$36,725,019
84$65,995,776$24,231,551$17,859,449$39,571,786
85$72,679,318$25,370,869$18,409,714$42,671,609
86$80,043,068$26,564,502$18,976,899$46,048,681
87$88,156,361$27,815,062$19,561,524$49,729,589
88$97,095,599$29,125,289$20,164,125$53,743,557
89$106,944,980$30,498,058$20,785,252$58,122,709
90$117,797,284$31,936,379$21,425,475$62,902,365
91$129,754,757$33,443,412$22,085,378$68,121,357
92$142,930,070$35,022,466$22,765,566$73,822,388
93$157,447,385$36,677,015$23,466,661$80,052,422
94$173,443,528$38,410,698$24,189,303$86,863,112
95$191,069,277$40,227,332$24,934,154$94,311,275
96$210,490,789$42,130,917$25,701,894$102,459,415
97$231,891,168$44,125,650$26,493,226$111,376,297
98$255,472,190$46,215,930$27,308,872$121,137,578
99$281,456,213$48,406,370$28,149,579$131,826,508
100$310,088,270$50,701,806$29,016,113$143,534,698