Can I retire at age 65 with 8,100,000?

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$668,890$662,932$657,119$651,446$645,905$626,484
2 years$331,134$324,967$318,990$313,195$307,574$288,171
3 years$218,563$212,369$206,408$200,667$195,138$176,361
4 years$162,289$156,114$150,212$144,569$139,174$121,168
5 years$128,533$122,395$116,571$111,043$105,798$88,611
6 years$106,036$99,945$94,206$88,802$83,714$67,362
7 years$89,974$83,934$78,286$73,009$68,082$52,564
8 years$77,932$71,947$66,393$61,245$56,481$41,787
9 years$68,572$62,642$57,184$52,168$47,565$33,680
10 years$61,087$55,216$49,854$44,969$40,528$27,432
11 years$54,968$49,156$43,891$39,136$34,855$22,526
12 years$49,872$44,120$38,952$34,328$30,205$18,617
13 years$45,564$39,871$34,801$30,306$26,339$15,467
14 years$41,874$36,242$31,269$26,903$23,089$12,903
15 years$38,679$33,108$28,232$23,992$20,329$10,801
16 years$35,886$30,376$25,596$21,483$17,967$9,067
17 years$33,424$27,975$23,291$19,302$15,931$7,629
18 years$31,239$25,850$21,262$17,395$14,165$6,432
19 years$29,285$23,957$19,464$15,718$12,625$5,431
20 years$27,529$22,262$17,863$14,236$11,277$4,592
21 years$25,943$20,737$16,431$12,920$10,092$3,887
22 years$24,502$19,357$15,144$11,747$9,046$3,294
23 years$23,189$18,104$13,983$10,698$8,120$2,793
24 years$21,987$16,962$12,931$9,757$7,299$2,370
25 years$20,883$15,918$11,977$8,911$6,568$2,012
26 years$19,866$14,961$11,108$8,148$5,916$1,709
27 years$18,925$14,080$10,315$7,458$5,334$1,453
28 years$18,053$13,267$9,589$6,833$4,813$1,235
29 years$17,243$12,516$8,923$6,266$4,346$1,050
30 years$16,488$11,820$8,312$5,751$3,927$893
31 years$15,783$11,174$7,749$5,281$3,550$760
32 years$15,124$10,573$7,230$4,854$3,211$647
33 years$14,506$10,013$6,751$4,463$2,906$550
34 years$13,925$9,490$6,307$4,107$2,631$468
35 years$13,379$9,001$5,897$3,781$2,383$399
36 years$12,865$8,543$5,516$3,482$2,159$339
37 years$12,379$8,114$5,163$3,208$1,957$289
38 years$11,920$7,711$4,835$2,957$1,774$246
39 years$11,486$7,333$4,530$2,726$1,609$210
40 years$11,074$6,976$4,246$2,515$1,459$178
41 years$10,683$6,641$3,981$2,320$1,324$152
42 years$10,312$6,325$3,735$2,141$1,201$129
43 years$9,960$6,026$3,504$1,977$1,090$110
44 years$9,624$5,744$3,290$1,825$990$94
45 years$9,304$5,477$3,089$1,685$898$80
46 years$8,999$5,225$2,901$1,557$816$68
47 years$8,708$4,987$2,726$1,438$741$58
48 years$8,429$4,760$2,561$1,329$673$49
49 years$8,163$4,546$2,407$1,228$611$42
50 years$7,908$4,342$2,263$1,135$555$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $8,100,000, adding $4,751 every year, while hoping to spend $50,510 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: 52/26/22 Blend
64$8,100,000$8,100,000$8,100,000$8,100,000
65$8,931,101$8,501,801$8,376,251$9,340,809
66$9,788,331$8,864,647$8,603,113$9,986,870
67$10,731,305$9,243,579$8,835,882$10,683,631
68$11,768,717$9,639,333$9,074,703$11,440,475
69$12,910,144$10,052,678$9,319,723$12,263,136
70$14,166,138$10,484,419$9,571,093$13,157,914
71$15,548,327$10,935,398$9,828,968$14,131,737
72$17,069,522$11,406,499$10,093,504$15,192,223
73$18,743,841$11,898,645$10,364,864$16,347,750
74$20,586,836$12,412,802$10,643,210$17,607,533
75$22,615,648$12,949,983$10,928,712$18,981,707
76$24,849,160$13,511,249$11,221,540$20,481,423
77$27,308,182$14,097,707$11,521,869$22,118,946
78$30,015,643$14,710,522$11,829,878$23,907,775
79$32,996,809$15,350,908$12,145,750$25,862,761
80$36,279,521$16,020,139$12,469,669$28,000,247
81$39,894,455$16,719,549$12,801,827$30,338,220
82$43,875,417$17,450,535$13,142,416$32,896,476
83$48,259,657$18,214,559$13,491,634$35,696,806
84$53,088,222$19,013,151$13,849,683$38,763,194
85$58,406,341$19,847,916$14,216,768$42,122,043
86$64,263,856$20,720,533$14,593,099$45,802,421
87$70,715,691$21,632,760$14,978,888$49,836,329
88$77,822,366$22,586,440$15,374,355$54,258,999
89$85,650,572$23,583,500$15,779,721$59,109,225
90$94,273,800$24,625,962$16,195,212$64,429,724
91$103,773,034$25,715,940$16,621,058$70,267,531
92$114,237,514$26,855,652$17,057,494$76,674,443
93$125,765,580$28,047,418$17,504,759$83,707,500
94$138,465,597$29,293,670$17,963,097$91,429,519
95$152,456,982$30,596,953$18,432,754$99,909,681
96$167,871,326$31,959,936$18,913,984$109,224,178
97$184,853,641$33,385,413$19,407,042$119,456,929
98$203,563,725$34,876,310$19,912,190$130,700,362
99$224,177,670$36,435,695$20,429,694$143,056,283
100$246,889,526$38,066,778$20,959,823$156,636,827