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%18.9%
1 years$801,017$793,882$786,921$780,126$773,492$745,751
2 years$396,543$389,158$382,000$375,061$368,329$340,681
3 years$261,736$254,319$247,180$240,305$233,683$206,997
4 years$194,346$186,951$179,883$173,126$166,665$141,144
5 years$153,922$146,572$139,597$132,978$126,696$102,407
6 years$126,982$119,687$112,815$106,343$100,250$77,211
7 years$107,746$100,513$93,750$87,431$81,530$59,736
8 years$93,326$86,158$79,507$73,343$67,637$47,070
9 years$82,117$75,016$68,480$62,472$56,960$37,592
10 years$73,154$66,123$59,702$53,852$48,533$30,331
11 years$65,826$58,866$52,561$46,867$41,740$24,666
12 years$59,723$52,835$46,646$41,109$36,171$20,183
13 years$54,564$47,747$41,675$36,293$31,542$16,597
14 years$50,145$43,401$37,446$32,217$27,649$13,703
15 years$46,319$39,647$33,808$28,732$24,345$11,349
16 years$42,975$36,376$30,652$25,726$21,516$9,424
17 years$40,027$33,501$27,892$23,115$19,078$7,843
18 years$37,409$30,956$25,462$20,831$16,963$6,538
19 years$35,070$28,690$23,309$18,823$15,119$5,459
20 years$32,967$26,660$21,392$17,047$13,505$4,563
21 years$31,067$24,833$19,677$15,472$12,085$3,818
22 years$29,342$23,180$18,135$14,067$10,833$3,197
23 years$27,770$21,680$16,744$12,811$9,724$2,679
24 years$26,330$20,313$15,486$11,685$8,740$2,247
25 years$25,008$19,063$14,343$10,671$7,865$1,885
26 years$23,790$17,916$13,302$9,757$7,084$1,582
27 years$22,663$16,861$12,352$8,931$6,387$1,328
28 years$21,619$15,888$11,483$8,183$5,763$1,115
29 years$20,649$14,988$10,686$7,504$5,204$937
30 years$19,745$14,155$9,954$6,887$4,702$787
31 years$18,901$13,381$9,280$6,325$4,251$661
32 years$18,111$12,661$8,658$5,813$3,846$556
33 years$17,371$11,990$8,084$5,345$3,480$467
34 years$16,676$11,364$7,553$4,918$3,151$393
35 years$16,022$10,779$7,062$4,527$2,854$330
36 years$15,406$10,231$6,606$4,170$2,586$278
37 years$14,824$9,717$6,183$3,842$2,344$233
38 years$14,275$9,234$5,790$3,541$2,125$196
39 years$13,754$8,781$5,425$3,265$1,927$165
40 years$13,261$8,354$5,085$3,011$1,748$139
41 years$12,794$7,953$4,768$2,778$1,586$117
42 years$12,350$7,574$4,472$2,564$1,439$98
43 years$11,927$7,216$4,197$2,367$1,306$83
44 years$11,525$6,879$3,939$2,186$1,185$69
45 years$11,142$6,559$3,699$2,018$1,076$58
46 years$10,776$6,257$3,474$1,864$977$49
47 years$10,428$5,971$3,264$1,723$887$41
48 years$10,094$5,701$3,067$1,592$806$35
49 years$9,776$5,444$2,883$1,471$732$29
50 years$9,471$5,200$2,710$1,360$665$25

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 $5,537 every year, while hoping to spend $41,768 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: 56/17/27 Blend
64$9,700,000$9,700,000$9,700,000$9,700,000
65$10,695,111$10,181,011$10,030,661$11,214,327
66$11,741,572$10,635,440$10,322,248$12,026,259
67$12,893,372$11,110,736$10,622,202$12,905,622
68$14,161,211$11,607,877$10,930,761$13,862,896
69$15,556,880$12,127,889$11,248,168$14,905,607
70$17,093,371$12,671,845$11,574,671$16,042,033
71$18,785,000$13,240,870$11,910,527$17,281,282
72$20,647,540$13,836,143$12,256,000$18,633,372
73$22,698,373$14,458,898$12,611,359$20,109,325
74$24,956,651$15,110,428$12,976,884$21,721,269
75$27,443,480$15,792,089$13,352,860$23,482,549
76$30,182,115$16,505,302$13,739,581$25,407,853
77$33,198,181$17,251,552$14,137,348$27,513,344
78$36,519,917$18,032,400$14,546,471$29,816,813
79$40,178,440$18,849,478$14,967,268$32,337,842
80$44,208,036$19,704,499$15,400,067$35,097,989
81$48,646,491$20,599,254$15,845,204$38,120,984
82$53,535,438$21,535,623$16,303,024$41,432,952
83$58,920,759$22,515,574$16,773,882$45,062,658
84$64,853,011$23,541,172$17,258,141$49,041,771
85$71,387,906$24,614,577$17,756,177$53,405,162
86$78,586,837$25,738,056$18,268,373$58,191,231
87$86,517,456$26,913,982$18,795,125$63,442,258
88$95,254,313$28,144,844$19,336,838$69,204,809
89$104,879,560$29,433,248$19,893,929$75,530,163
90$115,483,725$30,781,927$20,466,826$82,474,792
91$127,166,568$32,193,745$21,055,968$90,100,894
92$140,038,021$33,671,702$21,661,806$98,476,972
93$154,219,227$35,218,943$22,284,805$107,678,476
94$169,843,683$36,838,766$22,925,440$117,788,509
95$187,058,496$38,534,623$23,584,200$128,898,610
96$206,025,780$40,310,136$24,261,588$141,109,605
97$226,924,176$42,169,100$24,958,118$154,532,560
98$249,950,548$44,115,492$25,674,321$169,289,821
99$275,321,834$46,153,481$26,410,740$185,516,158
100$303,277,094$48,287,435$27,167,933$203,360,038