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%11.8%
1 years$677,148$671,117$665,232$659,488$653,880$648,943
2 years$335,222$328,979$322,928$317,062$311,371$306,394
3 years$221,261$214,991$208,956$203,144$197,547$192,683
4 years$164,292$158,041$152,066$146,354$140,892$136,180
5 years$130,120$123,906$118,010$112,414$107,104$102,557
6 years$107,345$101,179$95,369$89,898$84,748$80,371
7 years$91,085$84,970$79,252$73,910$68,922$64,719
8 years$78,894$72,835$67,212$62,002$57,178$53,147
9 years$69,418$63,416$57,890$52,812$48,152$44,293
10 years$61,842$55,898$50,470$45,524$41,028$37,339
11 years$55,647$49,763$44,433$39,620$35,285$31,763
12 years$50,488$44,664$39,433$34,752$30,578$27,219
13 years$46,126$40,363$35,231$30,681$26,664$23,466
14 years$42,391$36,689$31,655$27,235$23,374$20,331
15 years$39,156$33,516$28,580$24,289$20,580$17,690
16 years$36,329$30,751$25,912$21,748$18,189$15,446
17 years$33,837$28,320$23,579$19,540$16,127$13,528
18 years$31,624$26,169$21,525$17,610$14,340$11,879
19 years$29,647$24,253$19,705$15,912$12,781$10,454
20 years$27,869$22,537$18,084$14,411$11,416$9,218
21 years$26,263$20,993$16,634$13,079$10,216$8,141
22 years$24,805$19,596$15,331$11,892$9,158$7,201
23 years$23,475$18,328$14,155$10,830$8,220$6,378
24 years$22,259$17,172$13,091$9,878$7,389$5,655
25 years$21,141$16,115$12,125$9,021$6,649$5,019
26 years$20,111$15,145$11,245$8,248$5,989$4,458
27 years$19,159$14,254$10,442$7,550$5,400$3,963
28 years$18,276$13,431$9,707$6,917$4,872$3,526
29 years$17,456$12,671$9,034$6,343$4,399$3,138
30 years$16,692$11,966$8,414$5,822$3,975$2,795
31 years$15,978$11,312$7,845$5,347$3,594$2,491
32 years$15,311$10,703$7,319$4,914$3,251$2,220
33 years$14,685$10,136$6,834$4,519$2,942$1,980
34 years$14,097$9,607$6,385$4,157$2,664$1,766
35 years$13,544$9,112$5,970$3,827$2,413$1,576
36 years$13,023$8,649$5,585$3,525$2,186$1,406
37 years$12,532$8,214$5,227$3,248$1,981$1,255
38 years$12,067$7,806$4,895$2,993$1,796$1,121
39 years$11,627$7,423$4,586$2,760$1,629$1,001
40 years$11,211$7,062$4,298$2,546$1,477$894
41 years$10,815$6,723$4,031$2,349$1,340$799
42 years$10,440$6,403$3,781$2,168$1,216$714
43 years$10,083$6,100$3,548$2,001$1,104$638
44 years$9,743$5,815$3,330$1,848$1,002$570
45 years$9,419$5,545$3,127$1,706$910$509
46 years$9,110$5,290$2,937$1,576$826$455
47 years$8,815$5,048$2,759$1,456$750$407
48 years$8,533$4,819$2,593$1,346$681$364
49 years$8,264$4,602$2,437$1,244$619$325
50 years$8,006$4,396$2,291$1,149$562$291

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 $3,134 every year, while hoping to spend $30,843 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: 36/48/16 Blend
64$8,200,000$8,200,000$8,200,000$8,200,000
65$9,039,633$8,605,033$8,477,933$9,320,708
66$9,928,859$8,993,863$8,729,127$9,913,168
67$10,907,752$9,400,711$8,987,702$10,549,196
68$11,985,426$9,826,430$9,253,873$11,235,173
69$13,171,922$10,271,908$9,527,862$11,975,566
70$14,478,307$10,738,080$9,809,894$12,775,273
71$15,916,773$11,225,925$10,100,204$13,639,664
72$17,500,756$11,736,467$10,399,032$14,574,623
73$19,245,059$12,270,780$10,706,626$15,586,605
74$21,165,997$12,829,990$11,023,240$16,682,693
75$23,281,546$13,415,277$11,349,136$17,870,654
76$25,611,514$14,027,876$11,684,582$19,159,014
77$28,177,730$14,669,083$12,029,857$20,557,131
78$31,004,245$15,340,255$12,385,244$22,075,277
79$34,117,565$16,042,814$12,751,037$23,724,732
80$37,546,897$16,778,253$13,127,537$25,517,883
81$41,324,425$17,548,131$13,515,053$27,468,338
82$45,485,614$18,354,088$13,913,906$29,591,043
83$50,069,547$19,197,839$14,324,422$31,902,420
84$55,119,290$20,081,182$14,746,939$34,420,517
85$60,682,300$21,006,002$15,181,804$37,165,168
86$66,810,874$21,974,275$15,629,373$40,158,173
87$73,562,640$22,988,071$16,090,014$43,423,498
88$81,001,103$24,049,561$16,564,104$46,987,492
89$89,196,244$25,161,018$17,052,030$50,879,127
90$98,225,181$26,324,827$17,554,192$55,130,264
91$108,172,892$27,543,487$18,071,001$59,775,942
92$119,133,026$28,819,617$18,602,878$64,854,701
93$131,208,778$30,155,961$19,150,258$70,408,936
94$144,513,869$31,555,399$19,713,587$76,485,285
95$159,173,615$33,020,945$20,293,324$83,135,059
96$175,326,114$34,555,762$20,889,941$90,414,712
97$193,123,548$36,163,164$21,503,924$98,386,369
98$212,733,615$37,846,625$22,135,771$107,118,391
99$234,341,121$39,609,786$22,785,996$116,686,012
100$258,149,716$41,456,466$23,455,128$127,172,035