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

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$677,148$671,117$665,232$659,488$653,880$636,266
2 years$335,222$328,979$322,928$317,062$311,371$293,752
3 years$221,261$214,991$208,956$203,144$197,547$180,473
4 years$164,292$158,041$152,066$146,354$140,892$124,494
5 years$130,120$123,906$118,010$112,414$107,104$91,428
6 years$107,345$101,179$95,369$89,898$84,748$69,809
7 years$91,085$84,970$79,252$73,910$68,922$54,721
8 years$78,894$72,835$67,212$62,002$57,178$43,707
9 years$69,418$63,416$57,890$52,812$48,152$35,399
10 years$61,842$55,898$50,470$45,524$41,028$28,977
11 years$55,647$49,763$44,433$39,620$35,285$23,917
12 years$50,488$44,664$39,433$34,752$30,578$19,872
13 years$46,126$40,363$35,231$30,681$26,664$16,598
14 years$42,391$36,689$31,655$27,235$23,374$13,923
15 years$39,156$33,516$28,580$24,289$20,580$11,721
16 years$36,329$30,751$25,912$21,748$18,189$9,896
17 years$33,837$28,320$23,579$19,540$16,127$8,376
18 years$31,624$26,169$21,525$17,610$14,340$7,103
19 years$29,647$24,253$19,705$15,912$12,781$6,034
20 years$27,869$22,537$18,084$14,411$11,416$5,133
21 years$26,263$20,993$16,634$13,079$10,216$4,372
22 years$24,805$19,596$15,331$11,892$9,158$3,728
23 years$23,475$18,328$14,155$10,830$8,220$3,181
24 years$22,259$17,172$13,091$9,878$7,389$2,717
25 years$21,141$16,115$12,125$9,021$6,649$2,321
26 years$20,111$15,145$11,245$8,248$5,989$1,985
27 years$19,159$14,254$10,442$7,550$5,400$1,698
28 years$18,276$13,431$9,707$6,917$4,872$1,453
29 years$17,456$12,671$9,034$6,343$4,399$1,243
30 years$16,692$11,966$8,414$5,822$3,975$1,064
31 years$15,978$11,312$7,845$5,347$3,594$912
32 years$15,311$10,703$7,319$4,914$3,251$781
33 years$14,685$10,136$6,834$4,519$2,942$669
34 years$14,097$9,607$6,385$4,157$2,664$573
35 years$13,544$9,112$5,970$3,827$2,413$491
36 years$13,023$8,649$5,585$3,525$2,186$421
37 years$12,532$8,214$5,227$3,248$1,981$361
38 years$12,067$7,806$4,895$2,993$1,796$309
39 years$11,627$7,423$4,586$2,760$1,629$265
40 years$11,211$7,062$4,298$2,546$1,477$227
41 years$10,815$6,723$4,031$2,349$1,340$195
42 years$10,440$6,403$3,781$2,168$1,216$167
43 years$10,083$6,100$3,548$2,001$1,104$143
44 years$9,743$5,815$3,330$1,848$1,002$123
45 years$9,419$5,545$3,127$1,706$910$105
46 years$9,110$5,290$2,937$1,576$826$90
47 years$8,815$5,048$2,759$1,456$750$77
48 years$8,533$4,819$2,593$1,346$681$66
49 years$8,264$4,602$2,437$1,244$619$57
50 years$8,006$4,396$2,291$1,149$562$49

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 $3,290 every year, while hoping to spend $59,926 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: 35/41/24 Blend
64$8,200,000$8,200,000$8,200,000$8,200,000
65$9,039,794$8,605,194$8,478,094$9,290,346
66$9,898,092$8,963,087$8,698,349$9,834,237
67$10,841,928$9,336,509$8,923,974$10,414,972
68$11,879,964$9,726,157$9,155,087$11,040,383
69$13,021,742$10,132,761$9,391,804$11,714,495
70$14,277,777$10,557,084$9,634,247$12,441,721
71$15,659,654$10,999,925$9,882,538$13,226,904
72$17,180,138$11,462,120$10,136,802$14,075,357
73$18,853,291$11,944,543$10,397,164$14,992,912
74$20,694,611$12,448,110$10,663,753$15,985,972
75$22,721,171$12,973,777$10,936,699$17,061,566
76$24,951,785$13,522,547$11,216,133$18,227,415
77$27,407,183$14,095,468$11,502,189$19,491,998
78$30,110,207$14,693,636$11,795,003$20,864,630
79$33,086,025$15,318,201$12,094,713$22,355,548
80$36,362,370$15,970,364$12,401,457$23,976,000
81$39,969,802$16,651,383$12,715,376$25,738,348
82$43,941,995$17,362,573$13,036,613$27,656,183
83$48,316,051$18,105,312$13,365,313$29,744,442
84$53,132,859$18,881,043$13,701,622$32,019,554
85$58,437,471$19,691,275$14,045,687$34,499,582
86$64,279,533$20,537,587$14,397,657$37,204,389
87$70,713,751$21,421,634$14,757,684$40,155,826
88$77,800,407$22,345,147$15,125,920$43,377,926
89$85,605,928$23,309,939$15,502,517$46,897,128
90$94,203,513$24,317,906$15,887,632$50,742,519
91$103,673,824$25,371,036$16,281,420$54,946,103
92$114,105,745$26,471,409$16,684,040$59,543,099
93$125,597,224$27,621,201$17,095,648$64,572,259
94$138,256,194$28,822,693$17,516,405$70,076,234
95$152,201,593$30,078,271$17,946,471$76,101,965
96$167,564,485$31,390,436$18,386,008$82,701,119
97$184,489,299$32,761,804$18,835,176$89,930,569
98$203,135,191$34,195,117$19,294,138$97,852,919
99$223,677,546$35,693,243$19,763,057$106,537,091
100$246,309,632$37,259,188$20,242,096$116,058,961