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%12.1%
1 years$693,664$687,485$681,457$675,573$669,828$663,938
2 years$343,398$337,003$330,804$324,795$318,966$313,031
3 years$226,658$220,235$214,052$208,099$202,365$196,569
4 years$168,299$161,896$155,775$149,924$144,328$138,715
5 years$133,293$126,928$120,888$115,156$109,716$104,303
6 years$109,964$103,647$97,695$92,091$86,815$81,608
7 years$93,306$87,042$81,185$75,713$70,604$65,606
8 years$80,819$74,611$68,852$63,514$58,572$53,783
9 years$71,111$64,963$59,302$54,100$49,326$44,745
10 years$63,350$57,261$51,701$46,634$42,029$37,651
11 years$57,004$50,976$45,517$40,586$36,146$31,970
12 years$51,719$45,754$40,395$35,599$31,323$27,345
13 years$47,251$41,348$36,090$31,429$27,315$23,529
14 years$43,425$37,584$32,427$27,899$23,944$20,346
15 years$40,111$34,334$29,277$24,881$21,082$17,667
16 years$37,215$31,501$26,544$22,278$18,632$15,394
17 years$34,662$29,011$24,154$20,017$16,521$13,454
18 years$32,396$26,807$22,050$18,039$14,689$11,789
19 years$30,370$24,845$20,185$16,300$13,093$10,353
20 years$28,549$23,087$18,525$14,763$11,695$9,108
21 years$26,904$21,505$17,040$13,398$10,466$8,027
22 years$25,410$20,074$15,705$12,182$9,381$7,084
23 years$24,048$18,775$14,500$11,094$8,421$6,260
24 years$22,802$17,591$13,410$10,119$7,569$5,538
25 years$21,656$16,508$12,421$9,241$6,811$4,903
26 years$20,601$15,515$11,520$8,449$6,135$4,346
27 years$19,626$14,601$10,697$7,734$5,531$3,854
28 years$18,722$13,759$9,944$7,086$4,991$3,420
29 years$17,882$12,980$9,254$6,498$4,507$3,037
30 years$17,099$12,258$8,620$5,964$4,072$2,698
31 years$16,368$11,588$8,036$5,477$3,682$2,398
32 years$15,684$10,964$7,498$5,034$3,330$2,133
33 years$15,043$10,383$7,001$4,629$3,014$1,897
34 years$14,441$9,841$6,541$4,259$2,729$1,688
35 years$13,875$9,334$6,115$3,921$2,471$1,502
36 years$13,341$8,860$5,721$3,611$2,239$1,337
37 years$12,837$8,415$5,354$3,327$2,030$1,191
38 years$12,361$7,997$5,014$3,066$1,840$1,061
39 years$11,911$7,604$4,698$2,827$1,669$945
40 years$11,484$7,235$4,403$2,608$1,513$842
41 years$11,079$6,887$4,129$2,406$1,373$750
42 years$10,694$6,559$3,873$2,221$1,246$668
43 years$10,329$6,249$3,634$2,050$1,131$596
44 years$9,980$5,957$3,411$1,893$1,026$531
45 years$9,649$5,680$3,203$1,748$932$473
46 years$9,332$5,419$3,009$1,615$846$422
47 years$9,030$5,171$2,826$1,492$768$376
48 years$8,741$4,937$2,656$1,378$698$335
49 years$8,465$4,714$2,497$1,274$634$299
50 years$8,201$4,503$2,347$1,177$575$267

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 $3,567 every year, while hoping to spend $38,560 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: 39/32/29 Blend
64$8,400,000$8,400,000$8,400,000$8,400,000
65$9,260,479$8,815,279$8,685,079$9,541,891
66$10,164,021$9,206,201$8,935,002$10,139,258
67$11,158,431$9,614,984$9,192,005$10,780,968
68$12,252,938$10,042,466$9,456,284$11,474,158
69$13,457,709$10,489,518$9,728,041$12,223,551
70$14,783,949$10,957,058$10,007,484$13,034,331
71$16,244,003$11,446,045$10,294,825$13,912,192
72$17,851,472$11,957,482$10,590,283$14,863,381
73$19,621,347$12,492,424$10,894,083$15,894,762
74$21,570,144$13,051,971$11,206,453$17,013,871
75$23,716,061$13,637,281$11,527,632$18,228,990
76$26,079,153$14,249,561$11,857,862$19,549,217
77$28,681,519$14,890,082$12,197,392$20,984,548
78$31,547,508$15,560,170$12,546,479$22,545,973
79$34,703,952$16,261,217$12,905,385$24,245,569
80$38,180,421$16,994,682$13,274,380$26,096,615
81$42,009,493$17,762,091$13,653,742$28,113,708
82$46,227,073$18,565,045$14,043,754$30,312,902
83$50,872,724$19,405,222$14,444,709$32,711,850
84$55,990,042$20,284,377$14,856,906$35,329,970
85$61,627,067$21,204,353$15,280,654$38,188,619
86$67,836,739$22,167,077$15,716,267$41,311,291
87$74,677,394$23,174,572$16,164,070$44,723,834
88$82,213,318$24,228,956$16,624,396$48,454,687
89$90,515,349$25,332,447$17,097,586$52,535,142
90$99,661,550$26,487,372$17,583,990$56,999,636
91$109,737,943$27,696,168$18,083,968$61,886,065
92$120,839,321$28,961,389$18,597,889$67,236,138
93$133,070,146$30,285,711$19,126,133$73,095,761
94$146,545,529$31,671,938$19,669,086$79,515,466
95$161,392,321$33,123,012$20,227,149$86,550,877
96$177,750,309$34,642,011$20,800,730$94,263,229
97$195,773,536$36,232,164$21,390,249$102,719,935
98$215,631,751$37,896,854$21,996,137$111,995,216
99$237,512,017$39,639,628$22,618,835$122,170,790
100$261,620,474$41,464,201$23,258,798$133,336,637