Can I retire at age 65 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$710,180$703,854$697,682$691,658$685,776$660,132
2 years$351,574$345,026$338,681$332,528$326,560$301,018
3 years$232,055$225,479$219,149$213,054$207,183$182,546
4 years$172,307$165,751$159,484$153,493$147,765$124,221
5 years$136,467$129,951$123,766$117,898$112,328$89,938
6 years$112,582$106,114$100,022$94,284$88,882$67,661
7 years$95,528$89,115$83,118$77,516$72,285$52,228
8 years$82,743$76,388$70,491$65,026$59,967$41,056
9 years$72,804$66,509$60,714$55,388$50,501$32,709
10 years$64,858$58,625$52,932$47,745$43,029$26,324
11 years$58,361$52,190$46,600$41,552$37,007$21,352
12 years$52,951$46,843$41,357$36,447$32,069$17,425
13 years$48,376$42,332$36,949$32,177$27,965$14,290
14 years$44,459$38,479$33,199$28,563$24,514$11,765
15 years$41,066$35,151$29,974$25,473$21,584$9,716
16 years$38,101$32,251$27,176$22,809$19,076$8,045
17 years$35,488$29,702$24,729$20,493$16,914$6,675
18 years$33,167$27,446$22,575$18,469$15,039$5,548
19 years$31,093$25,436$20,666$16,688$13,405$4,618
20 years$29,229$23,637$18,966$15,114$11,973$3,849
21 years$27,544$22,017$17,445$13,717$10,715$3,210
22 years$26,015$20,552$16,078$12,472$9,604$2,680
23 years$24,621$19,222$14,846$11,359$8,621$2,239
24 years$23,344$18,009$13,730$10,360$7,749$1,871
25 years$22,172$16,901$12,716$9,461$6,973$1,565
26 years$21,092$15,884$11,794$8,651$6,281$1,309
27 years$20,093$14,949$10,952$7,918$5,663$1,096
28 years$19,168$14,086$10,181$7,255$5,110$917
29 years$18,307$13,289$9,474$6,653$4,614$768
30 years$17,506$12,550$8,825$6,106$4,169$643
31 years$16,758$11,864$8,227$5,607$3,769$538
32 years$16,058$11,225$7,676$5,153$3,409$451
33 years$15,401$10,631$7,167$4,739$3,086$378
34 years$14,785$10,076$6,697$4,360$2,794$317
35 years$14,205$9,556$6,261$4,014$2,530$265
36 years$13,659$9,070$5,857$3,697$2,293$222
37 years$13,143$8,615$5,482$3,406$2,078$186
38 years$12,656$8,187$5,134$3,139$1,884$156
39 years$12,195$7,785$4,810$2,895$1,708$131
40 years$11,758$7,407$4,508$2,670$1,549$110
41 years$11,343$7,051$4,227$2,463$1,406$92
42 years$10,949$6,715$3,965$2,273$1,276$77
43 years$10,575$6,398$3,721$2,099$1,158$65
44 years$10,218$6,099$3,493$1,938$1,051$54
45 years$9,878$5,816$3,279$1,790$954$45
46 years$9,554$5,548$3,080$1,653$866$38
47 years$9,245$5,294$2,894$1,527$786$32
48 years$8,950$5,054$2,719$1,411$714$27
49 years$8,667$4,826$2,556$1,304$649$22
50 years$8,397$4,610$2,403$1,205$589$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $8,600,000, adding $6,251 every year, while hoping to spend $34,271 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: 38/34/28 Blend
64$8,600,000$8,600,000$8,600,000$8,600,000
65$9,483,648$9,027,848$8,894,548$9,764,731
66$10,414,516$9,433,748$9,156,051$10,377,764
67$11,439,184$9,858,389$9,425,166$11,036,258
68$12,567,183$10,302,653$9,702,112$11,747,289
69$13,809,016$10,767,463$9,987,113$12,515,651
70$15,176,256$11,253,789$10,280,401$13,346,602
71$16,681,653$11,762,644$10,582,214$14,245,914
72$18,339,260$12,295,092$10,892,796$15,219,919
73$20,164,559$12,852,246$11,212,399$16,275,573
74$22,174,611$13,435,273$11,541,282$17,420,509
75$24,388,217$14,045,397$11,879,711$18,663,115
76$26,826,092$14,683,898$12,227,958$20,012,602
77$29,511,064$15,352,120$12,586,305$21,479,089
78$32,468,288$16,051,469$12,955,042$23,073,695
79$35,725,482$16,783,420$13,334,464$24,808,641
80$39,313,191$17,549,517$13,724,878$26,697,355
81$43,265,073$18,351,380$14,126,598$28,754,602
82$47,618,218$19,190,705$14,539,946$30,996,612
83$52,413,497$20,069,270$14,965,255$33,441,231
84$57,695,948$20,988,939$15,402,866$36,108,081
85$63,515,202$21,951,664$15,853,130$39,018,745
86$69,925,950$22,959,493$16,316,406$42,196,959
87$76,988,458$24,014,569$16,793,067$45,668,832
88$84,769,138$25,119,141$17,283,493$49,463,089
89$93,341,176$26,275,564$17,788,075$53,611,329
90$102,785,217$27,486,308$18,307,217$58,148,321
91$113,190,133$28,753,961$18,841,333$63,112,323
92$124,653,856$30,081,234$19,390,847$68,545,437
93$137,284,306$31,470,972$19,956,197$74,493,996
94$151,200,408$32,926,153$20,537,833$81,008,994
95$166,533,216$34,449,900$21,136,216$88,146,557
96$183,427,147$36,045,488$21,751,822$95,968,469
97$202,041,346$37,716,347$22,385,138$104,542,737
98$222,551,189$39,466,074$23,036,666$113,944,231
99$245,149,937$41,298,438$23,706,921$124,255,373
100$270,050,562$43,217,393$24,396,434$135,566,911