Can I retire at age 65 with 8,000,000?

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 $8,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$660,633$654,748$649,007$643,403$637,931$612,379
2 years$327,046$320,955$315,052$309,328$303,777$278,354
3 years$215,865$209,748$203,859$198,190$192,728$168,236
4 years$160,285$154,187$148,357$142,785$137,456$114,080
5 years$126,946$120,884$115,131$109,672$104,492$82,291
6 years$104,727$98,711$93,043$87,706$82,681$61,670
7 years$88,863$82,897$77,319$72,108$67,241$47,413
8 years$76,970$71,058$65,573$60,489$55,783$37,116
9 years$67,725$61,869$56,478$51,524$46,978$29,443
10 years$60,333$54,535$49,239$44,414$40,027$23,591
11 years$54,289$48,549$43,349$38,653$34,425$19,047
12 years$49,256$43,575$38,471$33,904$29,832$15,472
13 years$45,001$39,379$34,371$29,932$26,014$12,627
14 years$41,357$35,794$30,883$26,571$22,804$10,345
15 years$38,201$32,699$27,883$23,696$20,078$8,501
16 years$35,443$30,001$25,280$21,217$17,745$7,003
17 years$33,012$27,629$23,004$19,064$15,734$5,781
18 years$30,853$25,531$21,000$17,180$13,990$4,780
19 years$28,924$23,662$19,224$15,524$12,470$3,957
20 years$27,189$21,988$17,643$14,060$11,138$3,280
21 years$25,622$20,481$16,228$12,760$9,967$2,721
22 years$24,200$19,118$14,957$11,602$8,934$2,259
23 years$22,903$17,881$13,810$10,566$8,020$1,877
24 years$21,716$16,753$12,772$9,637$7,208$1,560
25 years$20,625$15,722$11,829$8,801$6,487$1,297
26 years$19,620$14,776$10,971$8,047$5,843$1,079
27 years$18,691$13,906$10,188$7,366$5,268$898
28 years$17,830$13,103$9,471$6,749$4,753$748
29 years$17,030$12,362$8,813$6,189$4,292$622
30 years$16,285$11,674$8,209$5,680$3,878$518
31 years$15,589$11,036$7,653$5,216$3,506$431
32 years$14,937$10,442$7,141$4,794$3,172$359
33 years$14,327$9,889$6,667$4,408$2,870$299
34 years$13,753$9,373$6,229$4,056$2,599$249
35 years$13,214$8,890$5,824$3,734$2,354$208
36 years$12,706$8,438$5,448$3,439$2,133$173
37 years$12,226$8,014$5,100$3,168$1,933$144
38 years$11,773$7,616$4,775$2,920$1,752$120
39 years$11,344$7,242$4,474$2,693$1,589$100
40 years$10,937$6,890$4,194$2,484$1,441$83
41 years$10,552$6,559$3,932$2,291$1,308$69
42 years$10,185$6,246$3,689$2,115$1,187$58
43 years$9,837$5,952$3,461$1,952$1,077$48
44 years$9,505$5,673$3,249$1,803$977$40
45 years$9,189$5,410$3,051$1,665$887$33
46 years$8,888$5,161$2,865$1,538$806$28
47 years$8,600$4,925$2,692$1,421$732$23
48 years$8,325$4,702$2,530$1,313$664$19
49 years$8,062$4,490$2,378$1,213$603$16
50 years$7,811$4,289$2,235$1,121$548$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $8,000,000, adding $4,513 every year, while hoping to spend $28,549 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: 56/31/13 Blend
64$8,000,000$8,000,000$8,000,000$8,000,000
65$8,820,655$8,396,655$8,272,655$9,285,027
66$9,689,986$8,777,715$8,519,413$9,981,264
67$10,647,032$9,176,491$8,773,481$10,735,762
68$11,700,709$9,593,819$9,035,073$11,556,941
69$12,860,844$10,030,578$9,304,410$12,451,178
70$14,138,262$10,487,689$9,581,720$13,425,484
71$15,544,894$10,966,114$9,867,236$14,487,567
72$17,093,884$11,466,865$10,161,200$15,645,901
73$18,799,719$11,991,001$10,463,859$16,909,802
74$20,678,361$12,539,630$10,775,468$18,289,515
75$22,747,398$13,113,915$11,096,290$19,796,309
76$25,026,211$13,715,076$11,426,595$21,442,577
77$27,536,159$14,344,389$11,766,660$23,241,951
78$30,300,775$15,003,192$12,116,771$25,209,430
79$33,345,994$15,692,889$12,477,223$27,361,513
80$36,700,394$16,414,948$12,848,318$29,716,355
81$40,395,465$17,170,912$13,230,368$32,293,932
82$44,465,909$17,962,394$13,623,693$35,116,229
83$48,949,968$18,791,087$14,028,622$38,207,439
84$53,889,779$19,658,765$14,445,495$41,594,188
85$59,331,779$20,567,286$14,874,662$45,305,786
86$65,327,138$21,518,601$15,316,480$49,374,493
87$71,932,244$22,514,751$15,771,321$53,835,821
88$79,209,236$23,557,876$16,239,563$58,728,863
89$87,226,588$24,650,222$16,721,598$64,096,661
90$96,059,757$25,794,141$17,217,829$69,986,598
91$105,791,896$26,992,097$17,728,670$76,450,847
92$116,514,635$28,246,675$18,254,546$83,546,853
93$128,328,950$29,560,584$18,795,895$91,337,870
94$141,346,114$30,936,665$19,353,169$99,893,553
95$155,688,750$32,377,893$19,926,832$109,290,602
96$171,491,982$33,887,389$20,517,361$119,613,486
97$188,904,717$35,468,424$21,125,245$130,955,229
98$208,091,049$37,124,428$21,750,992$143,418,278
99$229,231,805$38,858,994$22,395,120$157,115,465
100$252,526,256$40,675,892$23,058,163$172,171,061