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%13.8%
1 years$701,922$695,670$689,570$683,616$677,802$667,122
2 years$347,486$341,015$334,743$328,661$322,763$312,031
3 years$229,356$222,857$216,601$210,577$204,774$194,324
4 years$170,303$163,823$157,630$151,709$146,047$135,959
5 years$134,880$128,439$122,327$116,527$111,022$101,326
6 years$111,273$104,880$98,859$93,187$87,848$78,554
7 years$94,417$88,078$82,152$76,614$71,444$62,555
8 years$81,781$75,500$69,671$64,270$59,270$50,785
9 years$71,958$65,736$60,008$54,744$49,914$41,829
10 years$64,104$57,943$52,316$47,190$42,529$34,837
11 years$57,683$51,583$46,058$41,069$36,576$29,269
12 years$52,335$46,298$40,876$36,023$31,696$24,765
13 years$47,814$41,840$36,520$31,803$27,640$21,074
14 years$43,942$38,032$32,813$28,231$24,229$18,019
15 years$40,589$34,743$29,626$25,177$21,333$15,467
16 years$37,658$31,876$26,860$22,544$18,854$13,320
17 years$35,075$29,356$24,442$20,255$16,717$11,503
18 years$32,781$27,126$22,312$18,254$14,864$9,957
19 years$30,731$25,141$20,426$16,494$13,249$8,636
20 years$28,889$23,362$18,746$14,939$11,834$7,504
21 years$27,224$21,761$17,242$13,558$10,590$6,529
22 years$25,712$20,313$15,892$12,327$9,493$5,688
23 years$24,334$18,998$14,673$11,226$8,521$4,961
24 years$23,073$17,800$13,570$10,239$7,659$4,331
25 years$21,914$16,704$12,569$9,351$6,892$3,785
26 years$20,847$15,699$11,657$8,550$6,208$3,309
27 years$19,860$14,775$10,824$7,826$5,597$2,895
28 years$18,945$13,922$10,063$7,170$5,050$2,535
29 years$18,094$13,134$9,364$6,575$4,560$2,220
30 years$17,302$12,404$8,722$6,035$4,121$1,945
31 years$16,563$11,726$8,132$5,542$3,725$1,705
32 years$15,871$11,095$7,587$5,093$3,370$1,495
33 years$15,222$10,507$7,084$4,684$3,050$1,311
34 years$14,613$9,958$6,619$4,310$2,761$1,150
35 years$14,040$9,445$6,188$3,967$2,501$1,009
36 years$13,500$8,965$5,789$3,654$2,266$885
37 years$12,990$8,515$5,418$3,366$2,054$777
38 years$12,509$8,092$5,074$3,103$1,862$682
39 years$12,053$7,695$4,754$2,861$1,688$599
40 years$11,621$7,321$4,456$2,639$1,531$526
41 years$11,211$6,969$4,178$2,435$1,389$462
42 years$10,822$6,637$3,919$2,247$1,261$406
43 years$10,452$6,324$3,678$2,074$1,144$356
44 years$10,099$6,028$3,452$1,915$1,039$313
45 years$9,763$5,748$3,241$1,769$943$275
46 years$9,443$5,483$3,044$1,634$856$241
47 years$9,138$5,233$2,860$1,509$777$212
48 years$8,846$4,995$2,688$1,395$706$186
49 years$8,566$4,770$2,526$1,289$641$164
50 years$8,299$4,557$2,375$1,191$582$144

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 $3,248 every year, while hoping to spend $30,132 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: 36/49/15 Blend
63$8,500,000$8,500,000$8,500,000$8,500,000
64$9,370,350$8,919,850$8,788,100$9,664,453
65$10,294,066$9,324,863$9,050,441$10,282,087
66$11,310,990$9,748,711$9,320,561$10,945,326
67$12,430,600$10,192,286$9,598,688$11,660,684
68$13,663,334$10,656,522$9,885,058$12,432,821
69$15,020,700$11,142,396$10,179,913$13,266,843
70$16,515,373$11,650,936$10,483,502$14,168,343
71$18,161,324$12,183,214$10,796,082$15,143,456
72$19,973,945$12,740,358$11,117,917$16,198,909
73$21,970,199$13,323,547$11,449,278$17,342,080
74$24,168,777$13,934,018$11,790,446$18,581,063
75$26,590,274$14,573,067$12,141,708$19,924,739
76$29,257,387$15,242,053$12,503,361$21,382,857
77$32,195,125$15,942,398$12,875,708$22,966,117
78$35,431,047$16,675,595$13,259,063$24,686,269
79$38,995,522$17,443,207$13,653,750$26,556,213
80$42,922,014$18,246,873$14,060,100$28,590,120
81$47,247,401$19,088,310$14,478,454$30,803,556
82$52,012,317$19,969,320$14,909,164$33,213,621
83$57,261,545$20,891,787$15,352,592$35,839,107
84$63,044,429$21,857,691$15,809,110$38,700,665
85$69,415,346$22,869,103$16,279,101$41,820,991
86$76,434,219$23,928,197$16,762,958$45,225,037
87$84,167,080$25,037,250$17,261,088$48,940,232
88$92,686,695$26,198,648$17,773,907$52,996,735
89$102,073,250$27,414,893$18,301,845$57,427,710
90$112,415,107$28,688,609$18,845,343$62,269,630
91$123,809,641$30,022,544$19,404,855$67,562,608
92$136,364,155$31,419,580$19,980,849$73,350,767
93$150,196,897$32,882,737$20,573,805$79,682,647
94$165,438,172$34,415,182$21,184,219$86,611,645
95$182,231,574$36,020,235$21,812,599$94,196,515
96$200,735,343$37,701,375$22,459,469$102,501,902
97$221,123,855$39,462,249$23,125,368$111,598,944
98$243,589,270$41,306,681$23,810,850$121,565,926
99$268,343,348$43,238,681$24,516,486$132,489,007
100$295,619,443$45,262,449$25,242,861$144,463,013