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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.7%
1 years$677,148$671,117$665,232$659,488$653,880$633,456
2 years$335,222$328,979$322,928$317,062$311,371$290,976
3 years$221,261$214,991$208,956$203,144$197,547$177,821
4 years$164,292$158,041$152,066$146,354$140,892$121,986
5 years$130,120$123,906$118,010$112,414$107,104$89,069
6 years$107,345$101,179$95,369$89,898$84,748$67,599
7 years$91,085$84,970$79,252$73,910$68,922$52,659
8 years$78,894$72,835$67,212$62,002$57,178$41,788
9 years$69,418$63,416$57,890$52,812$48,152$33,620
10 years$61,842$55,898$50,470$45,524$41,028$27,332
11 years$55,647$49,763$44,433$39,620$35,285$22,400
12 years$50,488$44,664$39,433$34,752$30,578$18,476
13 years$46,126$40,363$35,231$30,681$26,664$15,318
14 years$42,391$36,689$31,655$27,235$23,374$12,753
15 years$39,156$33,516$28,580$24,289$20,580$10,653
16 years$36,329$30,751$25,912$21,748$18,189$8,923
17 years$33,837$28,320$23,579$19,540$16,127$7,492
18 years$31,624$26,169$21,525$17,610$14,340$6,302
19 years$29,647$24,253$19,705$15,912$12,781$5,309
20 years$27,869$22,537$18,084$14,411$11,416$4,479
21 years$26,263$20,993$16,634$13,079$10,216$3,783
22 years$24,805$19,596$15,331$11,892$9,158$3,198
23 years$23,475$18,328$14,155$10,830$8,220$2,705
24 years$22,259$17,172$13,091$9,878$7,389$2,290
25 years$21,141$16,115$12,125$9,021$6,649$1,940
26 years$20,111$15,145$11,245$8,248$5,989$1,644
27 years$19,159$14,254$10,442$7,550$5,400$1,393
28 years$18,276$13,431$9,707$6,917$4,872$1,182
29 years$17,456$12,671$9,034$6,343$4,399$1,002
30 years$16,692$11,966$8,414$5,822$3,975$851
31 years$15,978$11,312$7,845$5,347$3,594$722
32 years$15,311$10,703$7,319$4,914$3,251$613
33 years$14,685$10,136$6,834$4,519$2,942$520
34 years$14,097$9,607$6,385$4,157$2,664$442
35 years$13,544$9,112$5,970$3,827$2,413$375
36 years$13,023$8,649$5,585$3,525$2,186$318
37 years$12,532$8,214$5,227$3,248$1,981$270
38 years$12,067$7,806$4,895$2,993$1,796$230
39 years$11,627$7,423$4,586$2,760$1,629$195
40 years$11,211$7,062$4,298$2,546$1,477$166
41 years$10,815$6,723$4,031$2,349$1,340$141
42 years$10,440$6,403$3,781$2,168$1,216$120
43 years$10,083$6,100$3,548$2,001$1,104$102
44 years$9,743$5,815$3,330$1,848$1,002$86
45 years$9,419$5,545$3,127$1,706$910$73
46 years$9,110$5,290$2,937$1,576$826$62
47 years$8,815$5,048$2,759$1,456$750$53
48 years$8,533$4,819$2,593$1,346$681$45
49 years$8,264$4,602$2,437$1,244$619$38
50 years$8,006$4,396$2,291$1,149$562$32

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 $4,914 every year, while hoping to spend $59,651 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: 83/9/8 Blend
63$8,200,000$8,200,000$8,200,000$8,200,000
64$9,041,469$8,606,869$8,479,769$9,783,087
65$9,900,230$8,965,137$8,700,373$10,626,913
66$10,844,586$9,338,961$8,926,368$11,544,840
67$11,883,205$9,729,041$9,157,872$12,550,979
68$13,025,635$10,136,107$9,395,003$13,654,147
69$14,282,398$10,560,925$9,637,885$14,864,048
70$15,665,089$11,004,296$9,886,640$16,191,373
71$17,186,479$11,467,058$10,141,393$17,647,894
72$18,860,642$11,950,086$10,402,273$19,246,578
73$20,703,087$12,454,300$10,669,408$21,001,705
74$22,730,898$12,980,657$10,942,930$22,929,007
75$24,962,904$13,530,163$11,222,971$25,045,808
76$27,419,847$14,103,868$11,509,668$27,371,194
77$30,124,587$14,702,873$11,803,158$29,926,187
78$33,102,310$15,328,329$12,103,578$32,733,945
79$36,380,768$15,981,440$12,411,071$35,819,978
80$39,990,543$16,663,467$12,725,778$39,212,388
81$43,965,331$17,375,729$13,047,845$42,942,133
82$48,342,264$18,119,609$13,377,417$47,043,318
83$53,162,257$18,896,552$13,714,642$51,553,517
84$58,470,395$19,708,071$14,059,670$56,514,121
85$64,316,359$20,555,750$14,412,653$61,970,736
86$70,754,894$21,441,249$14,773,744$67,973,602
87$77,846,326$22,366,302$15,143,096$74,578,075
88$85,657,127$23,332,727$15,520,866$81,845,140
89$94,260,551$24,342,427$15,907,212$89,841,990
90$103,737,315$25,397,394$16,302,292$98,642,658
91$114,176,368$26,499,713$16,706,265$108,328,711
92$125,675,727$27,651,569$17,119,294$118,990,021
93$138,343,401$28,855,246$17,541,541$130,725,611
94$152,298,414$30,113,139$17,973,168$143,644,584
95$167,671,923$31,427,754$18,414,341$157,867,159
96$184,608,462$32,801,716$18,865,223$173,525,793
97$203,267,298$34,237,773$19,325,982$190,766,437
98$223,823,942$35,738,804$19,796,782$209,749,910
99$246,471,800$37,307,821$20,277,790$230,653,411
100$271,424,001$38,947,982$20,769,173$253,672,193