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

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$668,890$662,932$657,119$651,446$645,905$639,959
2 years$331,134$324,967$318,990$313,195$307,574$301,583
3 years$218,563$212,369$206,408$200,667$195,138$189,288
4 years$162,289$156,114$150,212$144,569$139,174$133,510
5 years$128,533$122,395$116,571$111,043$105,798$100,336
6 years$106,036$99,945$94,206$88,802$83,714$78,462
7 years$89,974$83,934$78,286$73,009$68,082$63,042
8 years$77,932$71,947$66,393$61,245$56,481$51,652
9 years$68,572$62,642$57,184$52,168$47,565$42,946
10 years$61,087$55,216$49,854$44,969$40,528$36,116
11 years$54,968$49,156$43,891$39,136$34,855$30,648
12 years$49,872$44,120$38,952$34,328$30,205$26,197
13 years$45,564$39,871$34,801$30,306$26,339$22,527
14 years$41,874$36,242$31,269$26,903$23,089$19,467
15 years$38,679$33,108$28,232$23,992$20,329$16,892
16 years$35,886$30,376$25,596$21,483$17,967$14,709
17 years$33,424$27,975$23,291$19,302$15,931$12,847
18 years$31,239$25,850$21,262$17,395$14,165$11,248
19 years$29,285$23,957$19,464$15,718$12,625$9,871
20 years$27,529$22,262$17,863$14,236$11,277$8,678
21 years$25,943$20,737$16,431$12,920$10,092$7,642
22 years$24,502$19,357$15,144$11,747$9,046$6,739
23 years$23,189$18,104$13,983$10,698$8,120$5,951
24 years$21,987$16,962$12,931$9,757$7,299$5,260
25 years$20,883$15,918$11,977$8,911$6,568$4,654
26 years$19,866$14,961$11,108$8,148$5,916$4,121
27 years$18,925$14,080$10,315$7,458$5,334$3,652
28 years$18,053$13,267$9,589$6,833$4,813$3,239
29 years$17,243$12,516$8,923$6,266$4,346$2,874
30 years$16,488$11,820$8,312$5,751$3,927$2,551
31 years$15,783$11,174$7,749$5,281$3,550$2,265
32 years$15,124$10,573$7,230$4,854$3,211$2,013
33 years$14,506$10,013$6,751$4,463$2,906$1,789
34 years$13,925$9,490$6,307$4,107$2,631$1,590
35 years$13,379$9,001$5,897$3,781$2,383$1,414
36 years$12,865$8,543$5,516$3,482$2,159$1,258
37 years$12,379$8,114$5,163$3,208$1,957$1,119
38 years$11,920$7,711$4,835$2,957$1,774$996
39 years$11,486$7,333$4,530$2,726$1,609$887
40 years$11,074$6,976$4,246$2,515$1,459$789
41 years$10,683$6,641$3,981$2,320$1,324$703
42 years$10,312$6,325$3,735$2,141$1,201$626
43 years$9,960$6,026$3,504$1,977$1,090$557
44 years$9,624$5,744$3,290$1,825$990$496
45 years$9,304$5,477$3,089$1,685$898$442
46 years$8,999$5,225$2,901$1,557$816$394
47 years$8,708$4,987$2,726$1,438$741$351
48 years$8,429$4,760$2,561$1,329$673$312
49 years$8,163$4,546$2,407$1,228$611$278
50 years$7,908$4,342$2,263$1,135$555$248

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 $2,372 every year, while hoping to spend $25,749 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: 54/25/21 Blend
64$8,100,000$8,100,000$8,100,000$8,100,000
65$8,928,647$8,499,347$8,373,797$9,359,438
66$9,811,972$8,888,418$8,626,922$10,044,277
67$10,784,533$9,295,691$8,887,664$10,786,491
68$11,855,406$9,722,030$9,156,251$11,593,912
69$13,034,589$10,168,341$9,432,917$12,472,780
70$14,333,102$10,635,574$9,717,905$13,429,954
71$15,763,086$11,124,725$10,011,462$14,472,973
72$17,337,921$11,636,837$10,313,846$15,610,130
73$19,072,349$12,173,002$10,625,321$16,850,541
74$20,982,617$12,734,368$10,946,157$18,204,234
75$23,086,626$13,322,134$11,276,636$19,682,237
76$25,404,103$13,937,560$11,617,044$21,296,682
77$27,956,786$14,581,965$11,967,680$23,060,916
78$30,768,629$15,256,732$12,328,848$24,989,621
79$33,866,028$15,963,310$12,700,863$27,098,955
80$37,278,070$16,703,219$13,084,049$29,406,695
81$41,036,808$17,478,052$13,478,739$31,932,405
82$45,177,563$18,289,477$13,885,278$34,697,617
83$49,739,258$19,139,245$14,304,018$37,726,029
84$54,764,783$20,029,189$14,735,323$41,043,723
85$60,301,404$20,961,232$15,179,569$44,679,413
86$66,401,204$21,937,389$15,637,142$48,664,704
87$73,121,579$22,959,774$16,108,439$53,034,393
88$80,525,777$24,030,600$16,593,869$57,826,785
89$88,683,497$25,152,189$17,093,853$63,084,059
90$97,671,542$26,326,975$17,608,826$68,852,650
91$107,574,551$27,557,508$18,139,233$75,183,693
92$118,485,793$28,846,464$18,685,536$82,133,490
93$130,508,049$30,196,646$19,248,206$89,764,042
94$143,754,582$31,610,993$19,827,733$98,143,627
95$158,350,204$33,092,587$20,424,616$107,347,435
96$174,432,458$34,644,657$21,039,375$117,458,275
97$192,152,914$36,270,591$21,672,539$128,567,347
98$211,678,600$37,973,938$22,324,657$140,775,095
99$233,193,577$39,758,420$22,996,293$154,192,149
100$256,900,680$41,627,941$23,688,027$168,940,363