Can I retire at age 64 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$701,922$695,670$689,570$683,616$677,802$665,205
2 years$347,486$341,015$334,743$328,661$322,763$310,119
3 years$229,356$222,857$216,601$210,577$204,774$192,477
4 years$170,303$163,823$157,630$151,709$146,047$134,191
5 years$134,880$128,439$122,327$116,527$111,022$99,642
6 years$111,273$104,880$98,859$93,187$87,848$76,956
7 years$94,417$88,078$82,152$76,614$71,444$61,043
8 years$81,781$75,500$69,671$64,270$59,270$49,357
9 years$71,958$65,736$60,008$54,744$49,914$40,483
10 years$64,104$57,943$52,316$47,190$42,529$33,572
11 years$57,683$51,583$46,058$41,069$36,576$28,083
12 years$52,335$46,298$40,876$36,023$31,696$23,654
13 years$47,814$41,840$36,520$31,803$27,640$20,037
14 years$43,942$38,032$32,813$28,231$24,229$17,051
15 years$40,589$34,743$29,626$25,177$21,333$14,565
16 years$37,658$31,876$26,860$22,544$18,854$12,482
17 years$35,075$29,356$24,442$20,255$16,717$10,726
18 years$32,781$27,126$22,312$18,254$14,864$9,237
19 years$30,731$25,141$20,426$16,494$13,249$7,971
20 years$28,889$23,362$18,746$14,939$11,834$6,889
21 years$27,224$21,761$17,242$13,558$10,590$5,963
22 years$25,712$20,313$15,892$12,327$9,493$5,167
23 years$24,334$18,998$14,673$11,226$8,521$4,483
24 years$23,073$17,800$13,570$10,239$7,659$3,892
25 years$21,914$16,704$12,569$9,351$6,892$3,382
26 years$20,847$15,699$11,657$8,550$6,208$2,941
27 years$19,860$14,775$10,824$7,826$5,597$2,558
28 years$18,945$13,922$10,063$7,170$5,050$2,227
29 years$18,094$13,134$9,364$6,575$4,560$1,939
30 years$17,302$12,404$8,722$6,035$4,121$1,689
31 years$16,563$11,726$8,132$5,542$3,725$1,472
32 years$15,871$11,095$7,587$5,093$3,370$1,283
33 years$15,222$10,507$7,084$4,684$3,050$1,119
34 years$14,613$9,958$6,619$4,310$2,761$976
35 years$14,040$9,445$6,188$3,967$2,501$851
36 years$13,500$8,965$5,789$3,654$2,266$742
37 years$12,990$8,515$5,418$3,366$2,054$648
38 years$12,509$8,092$5,074$3,103$1,862$565
39 years$12,053$7,695$4,754$2,861$1,688$493
40 years$11,621$7,321$4,456$2,639$1,531$431
41 years$11,211$6,969$4,178$2,435$1,389$376
42 years$10,822$6,637$3,919$2,247$1,261$328
43 years$10,452$6,324$3,678$2,074$1,144$286
44 years$10,099$6,028$3,452$1,915$1,039$250
45 years$9,763$5,748$3,241$1,769$943$218
46 years$9,443$5,483$3,044$1,634$856$191
47 years$9,138$5,233$2,860$1,509$777$166
48 years$8,846$4,995$2,688$1,395$706$145
49 years$8,566$4,770$2,526$1,289$641$127
50 years$8,299$4,557$2,375$1,191$582$111

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $8,500,000, adding $4,864 every year, while hoping to spend $41,276 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: 45/31/24 Blend
63$8,500,000$8,500,000$8,500,000$8,500,000
64$9,372,017$8,921,517$8,789,767$9,728,639
65$10,284,046$9,314,754$9,040,307$10,374,317
66$11,287,718$9,725,876$9,297,857$11,069,709
67$12,392,337$10,155,717$9,562,607$11,823,037
68$13,608,156$10,605,147$9,834,755$12,639,717
69$14,946,470$11,075,081$10,114,501$13,525,698
70$16,419,726$11,566,476$10,402,053$14,487,515
71$18,041,638$12,080,334$10,697,622$15,532,347
72$19,827,319$12,617,705$11,001,427$16,668,085
73$21,793,421$13,179,688$11,313,690$17,903,399
74$23,958,293$13,767,435$11,634,641$19,247,819
75$26,342,152$14,382,153$11,964,515$20,711,824
76$28,967,279$15,025,105$12,303,553$22,306,931
77$31,858,223$15,697,617$12,652,004$24,045,808
78$35,042,035$16,401,074$13,010,120$25,942,384
79$38,548,527$17,136,931$13,378,163$28,011,979
80$42,410,545$17,906,708$13,756,399$30,271,443
81$46,664,286$18,712,002$14,145,104$32,739,314
82$51,349,636$19,554,484$14,544,558$35,435,983
83$56,510,548$20,435,903$14,955,050$38,383,889
84$62,195,456$21,358,094$15,376,876$41,607,718
85$68,457,730$22,322,978$15,810,339$45,134,639
86$75,356,184$23,332,570$16,255,751$48,994,550
87$82,955,627$24,388,978$16,713,431$53,220,353
88$91,327,476$25,494,413$17,183,706$57,848,266
89$100,550,431$26,651,191$17,666,912$62,918,151
90$110,711,214$27,861,739$18,163,394$68,473,891
91$121,905,394$29,128,600$18,673,503$74,563,790
92$134,238,282$30,454,439$19,197,603$81,241,031
93$147,825,928$31,842,048$19,736,065$88,564,162
94$162,796,218$33,294,353$20,289,267$96,597,648
95$179,290,076$34,814,421$20,857,602$105,412,468
96$197,462,800$36,405,464$21,441,468$115,086,778
97$217,485,524$38,070,850$22,041,276$125,706,640
98$239,546,834$39,814,108$22,657,444$137,366,826
99$263,854,547$41,638,935$23,290,405$150,171,702
100$290,637,676$43,549,208$23,940,599$164,236,206