Can I retire at age 65 with 8,200,000?

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$677,148$671,117$665,232$659,488$653,880$631,433
2 years$335,222$328,979$322,928$317,062$311,371$288,985
3 years$221,261$214,991$208,956$203,144$197,547$175,925
4 years$164,292$158,041$152,066$146,354$140,892$120,199
5 years$130,120$123,906$118,010$112,414$107,104$87,395
6 years$107,345$101,179$95,369$89,898$84,748$66,038
7 years$91,085$84,970$79,252$73,910$68,922$51,208
8 years$78,894$72,835$67,212$62,002$57,178$40,446
9 years$69,418$63,416$57,890$52,812$48,152$32,381
10 years$61,842$55,898$50,470$45,524$41,028$26,192
11 years$55,647$49,763$44,433$39,620$35,285$21,356
12 years$50,488$44,664$39,433$34,752$30,578$17,522
13 years$46,126$40,363$35,231$30,681$26,664$14,448
14 years$42,391$36,689$31,655$27,235$23,374$11,961
15 years$39,156$33,516$28,580$24,289$20,580$9,935
16 years$36,329$30,751$25,912$21,748$18,189$8,274
17 years$33,837$28,320$23,579$19,540$16,127$6,906
18 years$31,624$26,169$21,525$17,610$14,340$5,775
19 years$29,647$24,253$19,705$15,912$12,781$4,836
20 years$27,869$22,537$18,084$14,411$11,416$4,055
21 years$26,263$20,993$16,634$13,079$10,216$3,403
22 years$24,805$19,596$15,331$11,892$9,158$2,859
23 years$23,475$18,328$14,155$10,830$8,220$2,403
24 years$22,259$17,172$13,091$9,878$7,389$2,022
25 years$21,141$16,115$12,125$9,021$6,649$1,701
26 years$20,111$15,145$11,245$8,248$5,989$1,433
27 years$19,159$14,254$10,442$7,550$5,400$1,207
28 years$18,276$13,431$9,707$6,917$4,872$1,017
29 years$17,456$12,671$9,034$6,343$4,399$857
30 years$16,692$11,966$8,414$5,822$3,975$722
31 years$15,978$11,312$7,845$5,347$3,594$609
32 years$15,311$10,703$7,319$4,914$3,251$513
33 years$14,685$10,136$6,834$4,519$2,942$433
34 years$14,097$9,607$6,385$4,157$2,664$365
35 years$13,544$9,112$5,970$3,827$2,413$308
36 years$13,023$8,649$5,585$3,525$2,186$260
37 years$12,532$8,214$5,227$3,248$1,981$219
38 years$12,067$7,806$4,895$2,993$1,796$185
39 years$11,627$7,423$4,586$2,760$1,629$156
40 years$11,211$7,062$4,298$2,546$1,477$132
41 years$10,815$6,723$4,031$2,349$1,340$111
42 years$10,440$6,403$3,781$2,168$1,216$94
43 years$10,083$6,100$3,548$2,001$1,104$79
44 years$9,743$5,815$3,330$1,848$1,002$67
45 years$9,419$5,545$3,127$1,706$910$56
46 years$9,110$5,290$2,937$1,576$826$47
47 years$8,815$5,048$2,759$1,456$750$40
48 years$8,533$4,819$2,593$1,346$681$34
49 years$8,264$4,602$2,437$1,244$619$29
50 years$8,006$4,396$2,291$1,149$562$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $8,200,000, adding $4,495 every year, while hoping to spend $23,791 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: 46/38/16 Blend
64$8,200,000$8,200,000$8,200,000$8,200,000
65$9,041,037$8,606,437$8,479,337$9,415,594
66$9,937,909$9,002,839$8,738,081$10,073,160
67$10,925,465$9,417,867$9,004,696$10,783,354
68$12,012,929$9,852,409$9,279,420$11,553,316
69$13,210,466$10,307,395$9,562,499$12,388,608
70$14,529,277$10,783,801$9,854,186$13,295,340
71$15,981,703$11,282,648$10,154,741$14,280,218
72$17,581,346$11,805,007$10,464,434$15,350,609
73$19,343,193$12,352,001$10,783,542$16,514,602
74$21,283,757$12,924,807$11,112,349$17,781,087
75$23,421,236$13,524,659$11,451,149$19,159,827
76$25,775,684$14,152,849$11,800,244$20,661,554
77$28,369,199$14,810,734$12,159,947$22,298,062
78$31,226,130$15,499,733$12,530,579$24,082,314
79$34,373,312$16,221,337$12,912,470$26,028,560
80$37,840,313$16,977,105$13,305,961$28,152,469
81$41,659,717$17,768,675$13,711,402$30,471,269
82$45,867,431$18,597,763$14,129,157$33,003,903
83$50,503,021$19,466,166$14,559,596$35,771,210
84$55,610,091$20,375,770$15,003,105$38,796,107
85$61,236,689$21,328,551$15,460,077$42,103,803
86$67,435,762$22,326,581$15,930,920$45,722,032
87$74,265,658$23,372,032$16,416,055$49,681,308
88$81,790,674$24,467,180$16,915,911$54,015,202
89$90,081,664$25,614,413$17,430,936$58,760,657
90$99,216,708$26,816,233$17,961,586$63,958,326
91$109,281,848$28,075,264$18,508,335$69,652,951
92$120,371,900$29,394,257$19,071,668$75,893,773
93$132,591,352$30,776,093$19,652,087$82,734,990
94$146,055,346$32,223,798$20,250,108$90,236,261
95$160,890,768$33,740,540$20,866,263$98,463,259
96$177,237,442$35,329,642$21,501,098$107,488,278
97$195,249,455$36,994,589$22,155,179$117,390,911
98$215,096,608$38,739,032$22,829,086$128,258,785
99$236,966,019$40,566,802$23,523,418$140,188,380
100$261,063,891$42,481,914$24,238,790$153,285,926