Can I retire at age 64 with 8,200,000?

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 $8,200,000?

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$677,148$671,117$665,232$659,488$653,880$641,465
2 years$335,222$328,979$322,928$317,062$311,371$298,912
3 years$221,261$214,991$208,956$203,144$197,547$185,431
4 years$164,292$158,041$152,066$146,354$140,892$129,214
5 years$130,120$123,906$118,010$112,414$107,104$95,896
6 years$107,345$101,179$95,369$89,898$84,748$74,023
7 years$91,085$84,970$79,252$73,910$68,922$58,683
8 years$78,894$72,835$67,212$62,002$57,178$47,421
9 years$69,418$63,416$57,890$52,812$48,152$38,872
10 years$61,842$55,898$50,470$45,524$41,028$32,216
11 years$55,647$49,763$44,433$39,620$35,285$26,932
12 years$50,488$44,664$39,433$34,752$30,578$22,670
13 years$46,126$40,363$35,231$30,681$26,664$19,190
14 years$42,391$36,689$31,655$27,235$23,374$16,319
15 years$39,156$33,516$28,580$24,289$20,580$13,931
16 years$36,329$30,751$25,912$21,748$18,189$11,930
17 years$33,837$28,320$23,579$19,540$16,127$10,244
18 years$31,624$26,169$21,525$17,610$14,340$8,816
19 years$29,647$24,253$19,705$15,912$12,781$7,602
20 years$27,869$22,537$18,084$14,411$11,416$6,565
21 years$26,263$20,993$16,634$13,079$10,216$5,678
22 years$24,805$19,596$15,331$11,892$9,158$4,917
23 years$23,475$18,328$14,155$10,830$8,220$4,262
24 years$22,259$17,172$13,091$9,878$7,389$3,698
25 years$21,141$16,115$12,125$9,021$6,649$3,210
26 years$20,111$15,145$11,245$8,248$5,989$2,789
27 years$19,159$14,254$10,442$7,550$5,400$2,425
28 years$18,276$13,431$9,707$6,917$4,872$2,109
29 years$17,456$12,671$9,034$6,343$4,399$1,835
30 years$16,692$11,966$8,414$5,822$3,975$1,597
31 years$15,978$11,312$7,845$5,347$3,594$1,391
32 years$15,311$10,703$7,319$4,914$3,251$1,211
33 years$14,685$10,136$6,834$4,519$2,942$1,055
34 years$14,097$9,607$6,385$4,157$2,664$919
35 years$13,544$9,112$5,970$3,827$2,413$801
36 years$13,023$8,649$5,585$3,525$2,186$698
37 years$12,532$8,214$5,227$3,248$1,981$609
38 years$12,067$7,806$4,895$2,993$1,796$531
39 years$11,627$7,423$4,586$2,760$1,629$463
40 years$11,211$7,062$4,298$2,546$1,477$404
41 years$10,815$6,723$4,031$2,349$1,340$352
42 years$10,440$6,403$3,781$2,168$1,216$307
43 years$10,083$6,100$3,548$2,001$1,104$268
44 years$9,743$5,815$3,330$1,848$1,002$234
45 years$9,419$5,545$3,127$1,706$910$204
46 years$9,110$5,290$2,937$1,576$826$178
47 years$8,815$5,048$2,759$1,456$750$155
48 years$8,533$4,819$2,593$1,346$681$135
49 years$8,264$4,602$2,437$1,244$619$118
50 years$8,006$4,396$2,291$1,149$562$103

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $8,200,000, adding $6,499 every year, while hoping to spend $24,845 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: 86/8/6 Blend
63$8,200,000$8,200,000$8,200,000$8,200,000
64$9,043,104$8,608,504$8,481,404$9,818,060
65$9,939,065$9,003,886$8,739,096$10,719,444
66$10,925,582$9,417,808$9,004,588$11,705,664
67$12,011,865$9,851,154$9,278,115$12,788,564
68$13,208,063$10,304,848$9,559,920$13,977,856
69$14,525,359$10,779,860$9,850,250$15,284,236
70$15,976,077$11,277,204$10,149,365$16,719,483
71$17,573,795$11,797,945$10,457,527$18,296,574
72$19,333,478$12,343,200$10,775,010$20,029,799
73$21,271,613$12,914,138$11,102,093$21,934,902
74$23,406,372$13,511,984$11,439,067$24,029,222
75$25,757,775$14,138,025$11,786,229$26,331,861
76$28,347,885$14,793,605$12,143,885$28,863,862
77$31,201,016$15,480,138$12,512,352$31,648,402
78$34,343,957$16,199,103$12,891,953$34,711,019
79$37,806,233$16,952,051$13,283,026$38,079,841
80$41,620,375$17,740,608$13,685,913$41,785,859
81$45,822,234$18,566,478$14,100,972$45,863,214
82$50,451,314$19,431,448$14,528,567$50,349,518
83$55,551,150$20,337,391$14,969,076$55,286,209
84$61,169,714$21,286,270$15,422,887$60,718,941
85$67,359,871$22,280,143$15,890,399$66,698,013
86$74,179,875$23,321,167$16,372,025$73,278,841
87$81,693,922$24,411,604$16,868,188$80,522,480
88$89,972,755$25,553,826$17,379,325$88,496,201
89$99,094,329$26,750,316$17,905,886$97,274,120
90$109,144,552$28,003,682$18,448,333$106,937,900
91$120,218,088$29,316,655$19,007,145$117,577,518
92$132,419,261$30,692,099$19,582,812$129,292,112
93$145,863,029$32,133,015$20,175,839$142,190,916
94$160,676,077$33,642,552$20,786,749$156,394,286
95$176,998,009$35,224,009$21,416,078$172,034,840
96$194,982,667$36,880,847$22,064,377$189,258,700
97$214,799,582$38,616,691$22,732,217$208,226,876
98$236,635,576$40,435,346$23,420,183$229,116,777
99$260,696,524$42,340,797$24,128,878$252,123,887
100$287,209,298$44,337,225$24,858,925$277,463,608