Can I retire at age 65 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$701,922$695,670$689,570$683,616$677,802$657,686
2 years$347,486$341,015$334,743$328,661$322,763$302,663
3 years$229,356$222,857$216,601$210,577$204,774$185,320
4 years$170,303$163,823$157,630$151,709$146,047$127,387
5 years$134,880$128,439$122,327$116,527$111,022$93,208
6 years$111,273$104,880$98,859$93,187$87,848$70,896
7 years$94,417$88,078$82,152$76,614$71,444$55,353
8 years$81,781$75,500$69,671$64,270$59,270$44,030
9 years$71,958$65,736$60,008$54,744$49,914$35,510
10 years$64,104$57,943$52,316$47,190$42,529$28,940
11 years$57,683$51,583$46,058$41,069$36,576$23,780
12 years$52,335$46,298$40,876$36,023$31,696$19,667
13 years$47,814$41,840$36,520$31,803$27,640$16,349
14 years$43,942$38,032$32,813$28,231$24,229$13,649
15 years$40,589$34,743$29,626$25,177$21,333$11,434
16 years$37,658$31,876$26,860$22,544$18,854$9,605
17 years$35,075$29,356$24,442$20,255$16,717$8,088
18 years$32,781$27,126$22,312$18,254$14,864$6,823
19 years$30,731$25,141$20,426$16,494$13,249$5,766
20 years$28,889$23,362$18,746$14,939$11,834$4,879
21 years$27,224$21,761$17,242$13,558$10,590$4,133
22 years$25,712$20,313$15,892$12,327$9,493$3,505
23 years$24,334$18,998$14,673$11,226$8,521$2,975
24 years$23,073$17,800$13,570$10,239$7,659$2,526
25 years$21,914$16,704$12,569$9,351$6,892$2,147
26 years$20,847$15,699$11,657$8,550$6,208$1,825
27 years$19,860$14,775$10,824$7,826$5,597$1,552
28 years$18,945$13,922$10,063$7,170$5,050$1,320
29 years$18,094$13,134$9,364$6,575$4,560$1,124
30 years$17,302$12,404$8,722$6,035$4,121$957
31 years$16,563$11,726$8,132$5,542$3,725$815
32 years$15,871$11,095$7,587$5,093$3,370$694
33 years$15,222$10,507$7,084$4,684$3,050$591
34 years$14,613$9,958$6,619$4,310$2,761$503
35 years$14,040$9,445$6,188$3,967$2,501$429
36 years$13,500$8,965$5,789$3,654$2,266$365
37 years$12,990$8,515$5,418$3,366$2,054$311
38 years$12,509$8,092$5,074$3,103$1,862$265
39 years$12,053$7,695$4,754$2,861$1,688$226
40 years$11,621$7,321$4,456$2,639$1,531$193
41 years$11,211$6,969$4,178$2,435$1,389$164
42 years$10,822$6,637$3,919$2,247$1,261$140
43 years$10,452$6,324$3,678$2,074$1,144$119
44 years$10,099$6,028$3,452$1,915$1,039$102
45 years$9,763$5,748$3,241$1,769$943$87
46 years$9,443$5,483$3,044$1,634$856$74
47 years$9,138$5,233$2,860$1,509$777$63
48 years$8,846$4,995$2,688$1,395$706$54
49 years$8,566$4,770$2,526$1,289$641$46
50 years$8,299$4,557$2,375$1,191$582$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $8,500,000, adding $4,188 every year, while hoping to spend $36,922 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: 66/13/21 Blend
64$8,500,000$8,500,000$8,500,000$8,500,000
65$9,371,320$8,920,820$8,789,070$9,939,668
66$10,287,910$9,318,655$9,044,219$10,719,471
67$11,296,754$9,734,747$9,306,678$11,567,029
68$12,407,225$10,169,951$9,576,653$12,492,742
69$13,629,646$10,625,164$9,854,356$13,504,289
70$14,975,397$11,101,323$10,140,003$14,610,119
71$16,457,013$11,599,414$10,433,819$15,819,534
72$18,088,309$12,120,466$10,736,033$17,142,771
73$19,884,507$12,665,558$11,046,880$18,591,101
74$21,862,379$13,235,823$11,366,603$20,176,929
75$24,040,408$13,832,445$11,695,451$21,913,915
76$26,438,960$14,456,666$12,033,679$23,817,094
77$29,080,478$15,109,786$12,381,550$25,903,025
78$31,989,689$15,793,168$12,739,335$28,189,938
79$35,193,844$16,508,240$13,107,310$30,697,907
80$38,722,972$17,256,499$13,485,760$33,449,038
81$42,610,160$18,039,513$13,874,978$36,467,676
82$46,891,871$18,858,923$14,275,264$39,780,628
83$51,608,284$19,716,453$14,686,928$43,417,420
84$56,803,674$20,613,904$15,110,285$47,410,569
85$62,526,831$21,553,168$15,545,662$51,795,890
86$68,831,520$22,536,226$15,993,394$56,612,829
87$75,776,986$23,565,152$16,453,824$61,904,835
88$83,428,516$24,642,121$16,927,304$67,719,766
89$91,858,054$25,769,415$17,414,198$74,110,337
90$101,144,879$26,949,420$17,914,878$81,134,617
91$111,376,356$28,184,640$18,429,725$88,856,572
92$122,648,756$29,477,700$18,959,133$97,346,666
93$135,068,170$30,831,347$19,503,504$106,682,522
94$148,751,505$32,248,465$20,063,253$116,949,653
95$163,827,590$33,732,072$20,638,804$128,242,264
96$180,438,395$35,285,334$21,230,595$140,664,138
97$198,740,364$36,911,568$21,839,073$154,329,610
98$218,905,898$38,614,251$22,464,698$169,364,644
99$241,124,977$40,397,027$23,107,943$185,908,018
100$265,606,959$42,263,716$23,769,293$204,112,628