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

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$710,180$703,854$697,682$691,658$685,776$673,861
2 years$351,574$345,026$338,681$332,528$326,560$314,594
3 years$232,055$225,479$219,149$213,054$207,183$195,539
4 years$172,307$165,751$159,484$153,493$147,765$136,533
5 years$136,467$129,951$123,766$117,898$112,328$101,541
6 years$112,582$106,114$100,022$94,284$88,882$78,550
7 years$95,528$89,115$83,118$77,516$72,285$62,412
8 years$82,743$76,388$70,491$65,026$59,967$50,552
9 years$72,804$66,509$60,714$55,388$50,501$41,538
10 years$64,858$58,625$52,932$47,745$43,029$34,510
11 years$58,361$52,190$46,600$41,552$37,007$28,922
12 years$52,951$46,843$41,357$36,447$32,069$24,408
13 years$48,376$42,332$36,949$32,177$27,965$20,716
14 years$44,459$38,479$33,199$28,563$24,514$17,665
15 years$41,066$35,151$29,974$25,473$21,584$15,121
16 years$38,101$32,251$27,176$22,809$19,076$12,986
17 years$35,488$29,702$24,729$20,493$16,914$11,182
18 years$33,167$27,446$22,575$18,469$15,039$9,652
19 years$31,093$25,436$20,666$16,688$13,405$8,347
20 years$29,229$23,637$18,966$15,114$11,973$7,231
21 years$27,544$22,017$17,445$13,717$10,715$6,273
22 years$26,015$20,552$16,078$12,472$9,604$5,448
23 years$24,621$19,222$14,846$11,359$8,621$4,737
24 years$23,344$18,009$13,730$10,360$7,749$4,123
25 years$22,172$16,901$12,716$9,461$6,973$3,591
26 years$21,092$15,884$11,794$8,651$6,281$3,130
27 years$20,093$14,949$10,952$7,918$5,663$2,730
28 years$19,168$14,086$10,181$7,255$5,110$2,382
29 years$18,307$13,289$9,474$6,653$4,614$2,079
30 years$17,506$12,550$8,825$6,106$4,169$1,816
31 years$16,758$11,864$8,227$5,607$3,769$1,586
32 years$16,058$11,225$7,676$5,153$3,409$1,386
33 years$15,401$10,631$7,167$4,739$3,086$1,212
34 years$14,785$10,076$6,697$4,360$2,794$1,059
35 years$14,205$9,556$6,261$4,014$2,530$926
36 years$13,659$9,070$5,857$3,697$2,293$810
37 years$13,143$8,615$5,482$3,406$2,078$709
38 years$12,656$8,187$5,134$3,139$1,884$620
39 years$12,195$7,785$4,810$2,895$1,708$542
40 years$11,758$7,407$4,508$2,670$1,549$475
41 years$11,343$7,051$4,227$2,463$1,406$415
42 years$10,949$6,715$3,965$2,273$1,276$364
43 years$10,575$6,398$3,721$2,099$1,158$318
44 years$10,218$6,099$3,493$1,938$1,051$278
45 years$9,878$5,816$3,279$1,790$954$244
46 years$9,554$5,548$3,080$1,653$866$213
47 years$9,245$5,294$2,894$1,527$786$187
48 years$8,950$5,054$2,719$1,411$714$164
49 years$8,667$4,826$2,556$1,304$649$143
50 years$8,397$4,610$2,403$1,205$589$125

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 $5,596 every year, while hoping to spend $23,383 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: 44/32/24 Blend
64$8,600,000$8,600,000$8,600,000$8,600,000
65$9,482,972$9,027,172$8,893,872$9,833,985
66$10,425,356$9,444,624$9,166,938$10,500,892
67$11,463,079$9,881,748$9,448,367$11,220,657
68$12,605,842$10,339,482$9,738,416$12,000,411
69$13,864,333$10,818,812$10,037,348$12,845,733
70$15,250,329$11,320,768$10,345,433$13,762,748
71$16,776,810$11,846,433$10,662,953$14,758,182
72$18,458,077$12,396,940$10,990,194$15,839,421
73$20,309,889$12,973,479$11,327,454$17,014,579
74$22,349,613$13,577,294$11,675,038$18,292,570
75$24,596,383$14,209,691$12,033,262$19,683,190
76$27,071,288$14,872,040$12,402,450$21,197,204
77$29,797,565$15,565,776$12,782,938$22,846,444
78$32,800,820$16,292,402$13,175,069$24,643,916
79$36,109,270$17,053,496$13,579,200$26,603,919
80$39,754,009$17,850,710$13,995,697$28,742,177
81$43,769,301$18,685,778$14,424,936$31,075,980
82$48,192,905$19,560,517$14,867,307$33,624,340
83$53,066,430$20,476,831$15,323,210$36,408,173
84$58,435,726$21,436,716$15,793,058$39,450,484
85$64,351,321$22,442,266$16,277,276$42,776,580
86$70,868,894$23,495,675$16,776,303$46,414,305
87$78,049,802$24,599,244$17,290,590$50,394,293
88$85,961,659$25,755,384$17,820,603$54,750,256
89$94,678,976$26,966,626$18,366,820$59,519,288
90$104,283,859$28,235,618$18,929,736$64,742,214
91$114,866,791$29,565,141$19,509,861$70,463,968
92$126,527,480$30,958,110$20,107,717$76,734,004
93$139,375,804$32,417,578$20,723,847$83,606,759
94$153,532,846$33,946,750$21,358,806$91,142,157
95$169,132,040$35,548,984$22,013,169$99,406,168
96$186,320,424$37,227,801$22,687,527$108,471,417
97$205,260,037$38,986,892$23,382,489$118,417,863
98$226,129,440$40,830,130$24,098,682$129,333,543
99$249,125,409$42,761,572$24,836,753$141,315,390
100$274,464,785$44,785,473$25,597,369$154,470,143