Can I retire at age 64 with 8,100,000?

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$668,890$662,932$657,119$651,446$645,905$633,642
2 years$331,134$324,967$318,990$313,195$307,574$295,266
3 years$218,563$212,369$206,408$200,667$195,138$183,170
4 years$162,289$156,114$150,212$144,569$139,174$127,638
5 years$128,533$122,395$116,571$111,043$105,798$94,726
6 years$106,036$99,945$94,206$88,802$83,714$73,120
7 years$89,974$83,934$78,286$73,009$68,082$57,967
8 years$77,932$71,947$66,393$61,245$56,481$46,843
9 years$68,572$62,642$57,184$52,168$47,565$38,398
10 years$61,087$55,216$49,854$44,969$40,528$31,823
11 years$54,968$49,156$43,891$39,136$34,855$26,603
12 years$49,872$44,120$38,952$34,328$30,205$22,394
13 years$45,564$39,871$34,801$30,306$26,339$18,956
14 years$41,874$36,242$31,269$26,903$23,089$16,120
15 years$38,679$33,108$28,232$23,992$20,329$13,761
16 years$35,886$30,376$25,596$21,483$17,967$11,785
17 years$33,424$27,975$23,291$19,302$15,931$10,119
18 years$31,239$25,850$21,262$17,395$14,165$8,709
19 years$29,285$23,957$19,464$15,718$12,625$7,509
20 years$27,529$22,262$17,863$14,236$11,277$6,485
21 years$25,943$20,737$16,431$12,920$10,092$5,609
22 years$24,502$19,357$15,144$11,747$9,046$4,857
23 years$23,189$18,104$13,983$10,698$8,120$4,210
24 years$21,987$16,962$12,931$9,757$7,299$3,652
25 years$20,883$15,918$11,977$8,911$6,568$3,171
26 years$19,866$14,961$11,108$8,148$5,916$2,755
27 years$18,925$14,080$10,315$7,458$5,334$2,395
28 years$18,053$13,267$9,589$6,833$4,813$2,083
29 years$17,243$12,516$8,923$6,266$4,346$1,812
30 years$16,488$11,820$8,312$5,751$3,927$1,578
31 years$15,783$11,174$7,749$5,281$3,550$1,374
32 years$15,124$10,573$7,230$4,854$3,211$1,196
33 years$14,506$10,013$6,751$4,463$2,906$1,042
34 years$13,925$9,490$6,307$4,107$2,631$908
35 years$13,379$9,001$5,897$3,781$2,383$791
36 years$12,865$8,543$5,516$3,482$2,159$690
37 years$12,379$8,114$5,163$3,208$1,957$601
38 years$11,920$7,711$4,835$2,957$1,774$524
39 years$11,486$7,333$4,530$2,726$1,609$457
40 years$11,074$6,976$4,246$2,515$1,459$399
41 years$10,683$6,641$3,981$2,320$1,324$348
42 years$10,312$6,325$3,735$2,141$1,201$303
43 years$9,960$6,026$3,504$1,977$1,090$265
44 years$9,624$5,744$3,290$1,825$990$231
45 years$9,304$5,477$3,089$1,685$898$201
46 years$8,999$5,225$2,901$1,557$816$176
47 years$8,708$4,987$2,726$1,438$741$153
48 years$8,429$4,760$2,561$1,329$673$134
49 years$8,163$4,546$2,407$1,228$611$117
50 years$7,908$4,342$2,263$1,135$555$102

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $8,100,000, adding $3,274 every year, while hoping to spend $40,439 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: 56/32/12 Blend
63$8,100,000$8,100,000$8,100,000$8,100,000
64$8,929,577$8,500,277$8,374,727$9,402,368
65$9,797,367$8,873,764$8,612,254$10,096,293
66$10,752,317$9,264,196$8,856,382$10,847,053
67$11,803,273$9,672,362$9,107,291$11,663,857
68$12,959,984$10,099,085$9,365,163$12,553,021
69$14,233,193$10,545,231$9,630,186$13,521,489
70$15,634,734$11,011,703$9,902,553$14,576,890
71$17,177,651$11,499,449$10,182,462$15,727,617
72$18,876,312$12,009,463$10,470,115$16,982,896
73$20,746,552$12,542,784$10,765,721$18,352,875
74$22,805,820$13,100,500$11,069,492$19,848,711
75$25,073,342$13,683,752$11,381,648$21,482,682
76$27,570,302$14,293,736$11,702,413$23,268,289
77$30,320,047$14,931,702$12,032,017$25,220,387
78$33,348,298$15,598,963$12,370,697$27,355,322
79$36,683,403$16,296,890$12,718,693$29,691,077
80$40,356,597$17,026,924$13,076,256$32,247,441
81$44,402,298$17,790,572$13,443,639$35,046,194
82$48,858,434$18,589,412$13,821,103$38,111,304
83$53,766,800$19,425,098$14,208,915$41,469,151
84$59,173,451$20,299,365$14,607,351$45,148,773
85$65,129,137$21,214,028$15,016,691$49,182,134
86$71,689,782$22,170,989$15,437,224$53,604,420
87$78,917,014$23,172,242$15,869,245$58,454,369
88$86,878,742$24,219,874$16,313,057$63,774,627
89$95,649,800$25,316,074$16,768,971$69,612,150
90$105,312,654$26,463,136$17,237,305$76,018,638
91$115,958,175$27,663,460$17,718,386$83,051,016
92$127,686,504$28,919,565$18,212,547$90,771,971
93$140,607,991$30,234,087$18,720,131$99,250,529
94$154,844,240$31,609,791$19,241,489$108,562,706
95$170,529,255$33,049,573$19,776,981$118,792,216
96$187,810,704$34,556,468$20,326,975$130,031,253
97$206,851,317$36,133,656$20,891,850$142,381,355
98$227,830,416$37,784,469$21,471,991$155,954,351
99$250,945,611$39,512,401$22,067,796$170,873,414
100$276,414,665$41,321,111$22,679,669$187,274,208