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%15.9%
1 years$677,148$671,117$665,232$659,488$653,880$638,072
2 years$335,222$328,979$322,928$317,062$311,371$295,541
3 years$221,261$214,991$208,956$203,144$197,547$182,188
4 years$164,292$158,041$152,066$146,354$140,892$126,123
5 years$130,120$123,906$118,010$112,414$107,104$92,965
6 years$107,345$101,179$95,369$89,898$84,748$71,254
7 years$91,085$84,970$79,252$73,910$68,922$56,076
8 years$78,894$72,835$67,212$62,002$57,178$44,973
9 years$69,418$63,416$57,890$52,812$48,152$36,579
10 years$61,842$55,898$50,470$45,524$41,028$30,073
11 years$55,647$49,763$44,433$39,620$35,285$24,934
12 years$50,488$44,664$39,433$34,752$30,578$20,811
13 years$46,126$40,363$35,231$30,681$26,664$17,465
14 years$42,391$36,689$31,655$27,235$23,374$14,721
15 years$39,156$33,516$28,580$24,289$20,580$12,454
16 years$36,329$30,751$25,912$21,748$18,189$10,567
17 years$33,837$28,320$23,579$19,540$16,127$8,989
18 years$31,624$26,169$21,525$17,610$14,340$7,663
19 years$29,647$24,253$19,705$15,912$12,781$6,544
20 years$27,869$22,537$18,084$14,411$11,416$5,597
21 years$26,263$20,993$16,634$13,079$10,216$4,792
22 years$24,805$19,596$15,331$11,892$9,158$4,108
23 years$23,475$18,328$14,155$10,830$8,220$3,525
24 years$22,259$17,172$13,091$9,878$7,389$3,027
25 years$21,141$16,115$12,125$9,021$6,649$2,601
26 years$20,111$15,145$11,245$8,248$5,989$2,236
27 years$19,159$14,254$10,442$7,550$5,400$1,924
28 years$18,276$13,431$9,707$6,917$4,872$1,656
29 years$17,456$12,671$9,034$6,343$4,399$1,425
30 years$16,692$11,966$8,414$5,822$3,975$1,227
31 years$15,978$11,312$7,845$5,347$3,594$1,057
32 years$15,311$10,703$7,319$4,914$3,251$911
33 years$14,685$10,136$6,834$4,519$2,942$785
34 years$14,097$9,607$6,385$4,157$2,664$677
35 years$13,544$9,112$5,970$3,827$2,413$583
36 years$13,023$8,649$5,585$3,525$2,186$503
37 years$12,532$8,214$5,227$3,248$1,981$434
38 years$12,067$7,806$4,895$2,993$1,796$374
39 years$11,627$7,423$4,586$2,760$1,629$322
40 years$11,211$7,062$4,298$2,546$1,477$278
41 years$10,815$6,723$4,031$2,349$1,340$240
42 years$10,440$6,403$3,781$2,168$1,216$207
43 years$10,083$6,100$3,548$2,001$1,104$178
44 years$9,743$5,815$3,330$1,848$1,002$154
45 years$9,419$5,545$3,127$1,706$910$133
46 years$9,110$5,290$2,937$1,576$826$115
47 years$8,815$5,048$2,759$1,456$750$99
48 years$8,533$4,819$2,593$1,346$681$85
49 years$8,264$4,602$2,437$1,244$619$74
50 years$8,006$4,396$2,291$1,149$562$63

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 $4,255 every year, while hoping to spend $30,395 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: 37/49/14 Blend
64$8,200,000$8,200,000$8,200,000$8,200,000
65$9,040,789$8,606,189$8,479,089$9,336,506
66$9,930,609$8,995,552$8,730,798$9,938,318
67$10,910,173$9,402,976$8,989,921$10,584,705
68$11,988,601$9,829,312$9,256,674$11,282,231
69$13,175,945$10,275,455$9,531,279$12,035,485
70$14,483,280$10,742,340$9,813,966$12,849,498
71$15,922,809$11,230,950$10,104,969$13,729,784
72$17,507,982$11,742,313$10,404,531$14,682,390
73$19,253,614$12,277,504$10,712,901$15,713,948
74$21,176,036$12,837,655$11,030,336$16,831,733
75$23,293,239$13,423,947$11,357,100$18,043,728
76$25,625,050$14,037,621$11,693,463$19,358,693
77$28,193,316$14,679,976$12,039,706$20,786,245
78$31,022,113$15,352,374$12,396,115$22,336,941
79$34,137,969$16,056,240$12,762,985$24,022,376
80$37,570,118$16,793,072$13,140,621$25,855,280
81$41,350,773$17,564,436$13,529,335$27,849,641
82$45,515,433$18,371,975$13,929,449$30,020,823
83$50,103,216$19,217,409$14,341,293$32,385,708
84$55,157,226$20,102,544$14,765,209$34,962,849
85$60,724,964$21,029,271$15,201,545$37,772,637
86$66,858,776$21,999,570$15,650,662$40,837,486
87$73,616,342$23,015,520$16,112,930$44,182,036
88$81,061,226$24,079,298$16,588,730$47,833,379
89$89,263,473$25,193,185$17,078,455$51,821,304
90$98,300,270$26,359,574$17,582,505$56,178,572
91$108,256,675$27,580,971$18,101,298$60,941,214
92$119,226,423$28,860,005$18,635,257$66,148,861
93$131,312,802$30,199,430$19,184,823$71,845,107
94$144,629,639$31,602,133$19,750,446$78,077,914
95$159,302,366$33,071,141$20,332,589$84,900,048
96$175,469,207$34,609,627$20,931,730$92,369,569
97$193,282,482$36,220,915$21,548,360$100,550,363
98$212,910,047$37,908,491$22,182,982$109,512,739
99$234,536,875$39,676,011$22,836,115$119,334,069
100$258,366,805$41,527,304$23,508,294$130,099,514