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%12.4%
1 years$801,017$793,882$786,921$780,126$773,492$765,732
2 years$396,543$389,158$382,000$375,061$368,329$360,514
3 years$261,736$254,319$247,180$240,305$233,683$226,055
4 years$194,346$186,951$179,883$173,126$166,665$159,282
5 years$153,922$146,572$139,597$132,978$126,696$119,580
6 years$126,982$119,687$112,815$106,343$100,250$93,410
7 years$107,746$100,513$93,750$87,431$81,530$74,968
8 years$93,326$86,158$79,507$73,343$67,637$61,354
9 years$82,117$75,016$68,480$62,472$56,960$50,953
10 years$73,154$66,123$59,702$53,852$48,533$42,798
11 years$65,826$58,866$52,561$46,867$41,740$36,273
12 years$59,723$52,835$46,646$41,109$36,171$30,966
13 years$54,564$47,747$41,675$36,293$31,542$26,593
14 years$50,145$43,401$37,446$32,217$27,649$22,950
15 years$46,319$39,647$33,808$28,732$24,345$19,888
16 years$42,975$36,376$30,652$25,726$21,516$17,294
17 years$40,027$33,501$27,892$23,115$19,078$15,083
18 years$37,409$30,956$25,462$20,831$16,963$13,188
19 years$35,070$28,690$23,309$18,823$15,119$11,556
20 years$32,967$26,660$21,392$17,047$13,505$10,145
21 years$31,067$24,833$19,677$15,472$12,085$8,921
22 years$29,342$23,180$18,135$14,067$10,833$7,855
23 years$27,770$21,680$16,744$12,811$9,724$6,925
24 years$26,330$20,313$15,486$11,685$8,740$6,112
25 years$25,008$19,063$14,343$10,671$7,865$5,400
26 years$23,790$17,916$13,302$9,757$7,084$4,774
27 years$22,663$16,861$12,352$8,931$6,387$4,224
28 years$21,619$15,888$11,483$8,183$5,763$3,740
29 years$20,649$14,988$10,686$7,504$5,204$3,313
30 years$19,745$14,155$9,954$6,887$4,702$2,936
31 years$18,901$13,381$9,280$6,325$4,251$2,603
32 years$18,111$12,661$8,658$5,813$3,846$2,309
33 years$17,371$11,990$8,084$5,345$3,480$2,049
34 years$16,676$11,364$7,553$4,918$3,151$1,818
35 years$16,022$10,779$7,062$4,527$2,854$1,614
36 years$15,406$10,231$6,606$4,170$2,586$1,434
37 years$14,824$9,717$6,183$3,842$2,344$1,273
38 years$14,275$9,234$5,790$3,541$2,125$1,131
39 years$13,754$8,781$5,425$3,265$1,927$1,005
40 years$13,261$8,354$5,085$3,011$1,748$893
41 years$12,794$7,953$4,768$2,778$1,586$794
42 years$12,350$7,574$4,472$2,564$1,439$706
43 years$11,927$7,216$4,197$2,367$1,306$627
44 years$11,525$6,879$3,939$2,186$1,185$558
45 years$11,142$6,559$3,699$2,018$1,076$496
46 years$10,776$6,257$3,474$1,864$977$441
47 years$10,428$5,971$3,264$1,723$887$392
48 years$10,094$5,701$3,067$1,592$806$349
49 years$9,776$5,444$2,883$1,471$732$310
50 years$9,471$5,200$2,710$1,360$665$276

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 $3,826 every year, while hoping to spend $54,472 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: 61/31/8 Blend
64$9,700,000$9,700,000$9,700,000$9,700,000
65$10,693,347$10,179,247$10,028,897$11,327,344
66$11,726,110$10,620,072$10,306,907$12,192,884
67$12,862,390$11,080,672$10,592,405$13,130,247
68$14,112,687$11,561,958$10,885,584$14,151,623
69$15,488,572$12,064,885$11,186,642$15,265,114
70$17,002,793$12,590,452$11,495,781$16,479,633
71$18,669,399$13,139,704$11,813,210$17,804,980
72$20,503,866$13,713,738$12,139,141$19,251,935
73$22,523,250$14,313,701$12,473,792$20,832,352
74$24,746,342$14,940,793$12,817,385$22,559,273
75$27,193,850$15,596,273$13,170,149$24,447,046
76$29,888,591$16,281,458$13,532,316$26,511,458
77$32,855,705$16,997,728$13,904,127$28,769,876
78$36,122,898$17,746,527$14,285,826$31,241,414
79$39,720,695$18,529,368$14,677,663$33,947,107
80$43,682,735$19,347,837$15,079,894$36,910,102
81$48,046,085$20,203,592$15,492,781$40,155,880
82$52,851,589$21,098,371$15,916,593$43,712,483
83$58,144,256$22,033,997$16,351,604$47,610,783
84$63,973,683$23,012,375$16,798,095$51,884,762
85$70,394,520$24,035,502$17,256,352$56,571,832
86$77,466,991$25,105,472$17,726,670$61,713,182
87$85,257,460$26,224,476$18,209,350$67,354,159
88$93,839,055$27,394,809$18,704,697$73,544,695
89$103,292,360$28,618,877$19,213,026$80,339,769
90$113,706,177$29,899,198$19,734,659$87,799,919
91$125,178,360$31,238,412$20,269,923$95,991,813
92$137,816,742$32,639,283$20,819,154$104,988,863
93$151,740,149$34,104,708$21,382,695$114,871,918
94$167,079,527$35,637,720$21,960,898$125,730,019
95$183,979,170$37,241,500$22,554,119$137,661,226
96$202,598,088$38,919,377$23,162,726$150,773,543
97$223,111,508$40,674,841$23,787,091$165,185,926
98$245,712,521$42,511,548$24,427,598$181,029,398
99$270,613,912$44,433,327$25,084,637$198,448,273
100$298,050,165$46,444,194$25,758,606$217,601,515