Can I retire at age 65 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$685,406$679,301$673,344$667,531$661,854$650,354
2 years$339,310$332,991$326,866$320,928$315,168$303,620
3 years$223,960$217,613$211,504$205,622$199,956$188,718
4 years$166,296$159,969$153,921$148,139$142,610$131,770
5 years$131,707$125,417$119,449$113,785$108,410$97,999
6 years$108,655$102,413$96,532$90,995$85,781$75,810
7 years$92,195$86,006$80,219$74,812$69,763$60,235
8 years$79,857$73,723$68,032$62,758$57,875$48,788
9 years$70,265$64,189$58,596$53,456$48,739$40,089
10 years$62,596$56,580$51,085$46,079$41,528$33,306
11 years$56,325$50,370$44,975$40,103$35,716$27,913
12 years$51,104$45,209$39,914$35,176$30,950$23,557
13 years$46,689$40,856$35,660$31,055$26,989$19,994
14 years$42,908$37,137$32,041$27,567$23,659$17,049
15 years$39,634$33,925$28,929$24,585$20,831$14,594
16 years$36,772$31,126$26,228$22,013$18,411$12,533
17 years$34,250$28,665$23,867$19,779$16,324$10,792
18 years$32,010$26,488$21,787$17,824$14,515$9,315
19 years$30,008$24,549$19,945$16,106$12,937$8,056
20 years$28,209$22,812$18,305$14,587$11,556$6,978
21 years$26,583$21,249$16,837$13,239$10,341$6,054
22 years$25,107$19,835$15,518$12,037$9,269$5,258
23 years$23,762$18,551$14,328$10,962$8,321$4,572
24 years$22,530$17,381$13,251$9,998$7,479$3,979
25 years$21,399$16,311$12,273$9,131$6,730$3,466
26 years$20,356$15,330$11,382$8,349$6,062$3,021
27 years$19,392$14,427$10,570$7,642$5,465$2,634
28 years$18,499$13,595$9,826$7,002$4,931$2,299
29 years$17,669$12,825$9,144$6,421$4,453$2,007
30 years$16,895$12,112$8,517$5,893$4,024$1,752
31 years$16,173$11,450$7,940$5,412$3,638$1,531
32 years$15,497$10,834$7,408$4,974$3,291$1,338
33 years$14,864$10,260$6,917$4,574$2,978$1,169
34 years$14,269$9,724$6,463$4,208$2,696$1,022
35 years$13,710$9,223$6,042$3,874$2,442$894
36 years$13,182$8,754$5,653$3,568$2,213$782
37 years$12,685$8,314$5,291$3,287$2,005$684
38 years$12,214$7,902$4,955$3,030$1,818$598
39 years$11,769$7,514$4,642$2,794$1,649$523
40 years$11,347$7,149$4,351$2,577$1,495$458
41 years$10,947$6,805$4,080$2,377$1,357$401
42 years$10,567$6,481$3,827$2,194$1,231$351
43 years$10,206$6,175$3,591$2,025$1,117$307
44 years$9,862$5,886$3,371$1,870$1,014$269
45 years$9,534$5,613$3,165$1,727$921$235
46 years$9,221$5,354$2,973$1,595$836$206
47 years$8,923$5,110$2,793$1,474$759$180
48 years$8,637$4,878$2,624$1,362$689$158
49 years$8,365$4,658$2,467$1,259$626$138
50 years$8,104$4,450$2,319$1,163$569$121

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $8,300,000, adding $5,685 every year, while hoping to spend $43,636 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: 63/12/25 Blend
64$8,300,000$8,300,000$8,300,000$8,300,000
65$9,152,464$8,712,564$8,583,914$9,668,336
66$10,039,587$9,093,051$8,825,047$10,398,534
67$11,015,734$9,490,720$9,072,795$11,190,419
68$12,089,940$9,906,366$9,327,334$12,054,403
69$13,272,158$10,340,822$9,588,844$12,997,549
70$14,573,357$10,794,962$9,857,510$14,027,630
71$16,005,624$11,269,699$10,133,520$15,153,199
72$17,582,273$11,765,990$10,417,069$16,383,673
73$19,317,979$12,284,838$10,708,355$17,729,416
74$21,228,910$12,827,292$11,007,583$19,201,839
75$23,332,882$13,394,452$11,314,959$20,813,502
76$25,649,526$13,987,470$11,630,700$22,578,235
77$28,200,472$14,607,551$11,955,024$24,511,265
78$31,009,559$15,255,959$12,288,155$26,629,357
79$34,103,050$15,934,018$12,630,325$28,950,973
80$37,509,888$16,643,112$12,981,768$31,496,442
81$41,261,967$17,384,694$13,342,727$34,288,150
82$45,394,429$18,160,285$13,713,449$37,350,753
83$49,945,999$18,971,478$14,094,189$40,711,401
84$54,959,352$19,819,942$14,485,205$44,399,999
85$60,481,511$20,707,424$14,886,765$48,449,483
86$66,564,294$21,635,756$15,299,140$52,896,129
87$73,264,801$22,606,858$15,722,611$57,779,893
88$80,645,955$23,622,738$16,157,462$63,144,787
89$88,777,093$24,685,503$16,603,988$69,039,291
90$97,734,623$25,797,359$17,062,488$75,516,805
91$107,602,742$26,960,617$17,533,269$82,636,156
92$118,474,234$28,177,699$18,016,645$90,462,145
93$130,451,342$29,451,142$18,512,939$99,066,161
94$143,646,736$30,783,606$19,022,480$108,526,844
95$158,184,576$32,177,875$19,545,605$118,930,831
96$174,201,680$33,636,868$20,082,660$130,373,567
97$191,848,820$35,163,644$20,633,998$142,960,205
98$211,292,143$36,761,406$21,199,981$156,806,589
99$232,714,740$38,433,513$21,780,979$172,040,351
100$256,318,372$40,183,484$22,377,370$188,802,107