Can I retire at age 65 with 8,400,000?

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 $8,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$693,664$687,485$681,457$675,573$669,828$655,233
2 years$343,398$337,003$330,804$324,795$318,966$304,335
3 years$226,658$220,235$214,052$208,099$202,365$188,155
4 years$168,299$161,896$155,775$149,924$144,328$130,649
5 years$133,293$126,928$120,888$115,156$109,716$96,606
6 years$109,964$103,647$97,695$92,091$86,815$74,287
7 years$93,306$87,042$81,185$75,713$70,604$58,661
8 years$80,819$74,611$68,852$63,514$58,572$47,211
9 years$71,111$64,963$59,302$54,100$49,326$38,538
10 years$63,350$57,261$51,701$46,634$42,029$31,802
11 years$57,004$50,976$45,517$40,586$36,146$26,468
12 years$51,719$45,754$40,395$35,599$31,323$22,179
13 years$47,251$41,348$36,090$31,429$27,315$18,687
14 years$43,425$37,584$32,427$27,899$23,944$15,816
15 years$40,111$34,334$29,277$24,881$21,082$13,436
16 years$37,215$31,501$26,544$22,278$18,632$11,449
17 years$34,662$29,011$24,154$20,017$16,521$9,782
18 years$32,396$26,807$22,050$18,039$14,689$8,375
19 years$30,370$24,845$20,185$16,300$13,093$7,184
20 years$28,549$23,087$18,525$14,763$11,695$6,172
21 years$26,904$21,505$17,040$13,398$10,466$5,310
22 years$25,410$20,074$15,705$12,182$9,381$4,573
23 years$24,048$18,775$14,500$11,094$8,421$3,942
24 years$22,802$17,591$13,410$10,119$7,569$3,402
25 years$21,656$16,508$12,421$9,241$6,811$2,937
26 years$20,601$15,515$11,520$8,449$6,135$2,537
27 years$19,626$14,601$10,697$7,734$5,531$2,193
28 years$18,722$13,759$9,944$7,086$4,991$1,897
29 years$17,882$12,980$9,254$6,498$4,507$1,641
30 years$17,099$12,258$8,620$5,964$4,072$1,420
31 years$16,368$11,588$8,036$5,477$3,682$1,229
32 years$15,684$10,964$7,498$5,034$3,330$1,064
33 years$15,043$10,383$7,001$4,629$3,014$922
34 years$14,441$9,841$6,541$4,259$2,729$799
35 years$13,875$9,334$6,115$3,921$2,471$692
36 years$13,341$8,860$5,721$3,611$2,239$600
37 years$12,837$8,415$5,354$3,327$2,030$520
38 years$12,361$7,997$5,014$3,066$1,840$450
39 years$11,911$7,604$4,698$2,827$1,669$390
40 years$11,484$7,235$4,403$2,608$1,513$338
41 years$11,079$6,887$4,129$2,406$1,373$293
42 years$10,694$6,559$3,873$2,221$1,246$254
43 years$10,329$6,249$3,634$2,050$1,131$220
44 years$9,980$5,957$3,411$1,893$1,026$191
45 years$9,649$5,680$3,203$1,748$932$166
46 years$9,332$5,419$3,009$1,615$846$144
47 years$9,030$5,171$2,826$1,492$768$125
48 years$8,741$4,937$2,656$1,378$698$108
49 years$8,465$4,714$2,497$1,274$634$94
50 years$8,201$4,503$2,347$1,177$575$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $8,400,000, adding $6,778 every year, while hoping to spend $23,952 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: 67/6/27 Blend
64$8,400,000$8,400,000$8,400,000$8,400,000
65$9,263,792$8,818,592$8,688,392$9,818,761
66$10,183,213$9,225,218$8,953,968$10,599,916
67$11,195,614$9,650,966$9,227,638$11,450,639
68$12,310,451$10,096,748$9,509,649$12,380,585
69$13,538,147$10,563,519$9,800,252$13,397,581
70$14,890,187$11,052,280$10,099,710$14,510,242
71$16,379,227$11,564,082$10,408,291$15,728,054
72$18,019,211$12,100,025$10,726,271$17,061,458
73$19,825,507$12,661,263$11,053,937$18,521,954
74$21,815,047$13,249,003$11,391,583$20,122,202
75$24,006,492$13,864,514$11,739,511$21,876,143
76$26,420,402$14,509,124$12,098,033$23,799,131
77$29,079,437$15,184,225$12,467,471$25,908,072
78$32,008,565$15,891,277$12,848,156$28,221,584
79$35,235,298$16,631,809$13,240,429$30,760,175
80$38,789,957$17,407,427$13,644,642$33,546,430
81$42,705,952$18,219,810$14,061,157$36,605,223
82$47,020,100$19,070,722$14,490,347$39,963,953
83$51,772,973$19,962,010$14,932,596$43,652,801
84$57,009,279$20,895,611$15,388,301$47,705,007
85$62,778,285$21,873,555$15,857,868$52,157,189
86$69,134,282$22,897,972$16,341,719$57,049,686
87$76,137,099$23,971,092$16,840,287$62,426,930
88$83,852,663$25,095,255$17,354,016$68,337,872
89$92,353,626$26,272,915$17,883,367$74,836,435
90$101,720,049$27,506,641$18,428,814$81,982,027
91$112,040,158$28,799,130$18,990,842$89,840,092
92$123,411,175$30,153,208$19,569,956$98,482,733
93$135,940,237$31,571,837$20,166,672$107,989,384
94$149,745,409$33,058,125$20,781,523$118,447,562
95$164,956,796$34,615,328$21,415,059$129,953,686
96$181,717,770$36,246,861$22,067,845$142,613,988
97$200,186,329$37,956,303$22,740,464$156,545,510
98$220,536,581$39,747,408$23,433,516$171,877,209
99$242,960,392$41,624,112$24,147,619$188,751,167
100$267,669,199$43,590,540$24,883,411$207,323,933