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%17.6%
1 years$710,180$703,854$697,682$691,658$685,776$664,622
2 years$351,574$345,026$338,681$332,528$326,560$305,433
3 years$232,055$225,479$219,149$213,054$207,183$186,745
4 years$172,307$165,751$159,484$153,493$147,765$128,173
5 years$136,467$129,951$123,766$117,898$112,328$93,635
6 years$112,582$106,114$100,022$94,284$88,882$71,104
7 years$95,528$89,115$83,118$77,516$72,285$55,421
8 years$82,743$76,388$70,491$65,026$59,967$44,006
9 years$72,804$66,509$60,714$55,388$50,501$35,426
10 years$64,858$58,625$52,932$47,745$43,029$28,818
11 years$58,361$52,190$46,600$41,552$37,007$23,633
12 years$52,951$46,843$41,357$36,447$32,069$19,507
13 years$48,376$42,332$36,949$32,177$27,965$16,183
14 years$44,459$38,479$33,199$28,563$24,514$13,482
15 years$41,066$35,151$29,974$25,473$21,584$11,270
16 years$38,101$32,251$27,176$22,809$19,076$9,447
17 years$35,488$29,702$24,729$20,493$16,914$7,937
18 years$33,167$27,446$22,575$18,469$15,039$6,682
19 years$31,093$25,436$20,666$16,688$13,405$5,633
20 years$29,229$23,637$18,966$15,114$11,973$4,756
21 years$27,544$22,017$17,445$13,717$10,715$4,020
22 years$26,015$20,552$16,078$12,472$9,604$3,401
23 years$24,621$19,222$14,846$11,359$8,621$2,879
24 years$23,344$18,009$13,730$10,360$7,749$2,439
25 years$22,172$16,901$12,716$9,461$6,973$2,068
26 years$21,092$15,884$11,794$8,651$6,281$1,754
27 years$20,093$14,949$10,952$7,918$5,663$1,488
28 years$19,168$14,086$10,181$7,255$5,110$1,263
29 years$18,307$13,289$9,474$6,653$4,614$1,072
30 years$17,506$12,550$8,825$6,106$4,169$910
31 years$16,758$11,864$8,227$5,607$3,769$773
32 years$16,058$11,225$7,676$5,153$3,409$657
33 years$15,401$10,631$7,167$4,739$3,086$558
34 years$14,785$10,076$6,697$4,360$2,794$474
35 years$14,205$9,556$6,261$4,014$2,530$403
36 years$13,659$9,070$5,857$3,697$2,293$343
37 years$13,143$8,615$5,482$3,406$2,078$291
38 years$12,656$8,187$5,134$3,139$1,884$247
39 years$12,195$7,785$4,810$2,895$1,708$210
40 years$11,758$7,407$4,508$2,670$1,549$179
41 years$11,343$7,051$4,227$2,463$1,406$152
42 years$10,949$6,715$3,965$2,273$1,276$129
43 years$10,575$6,398$3,721$2,099$1,158$110
44 years$10,218$6,099$3,493$1,938$1,051$93
45 years$9,878$5,816$3,279$1,790$954$79
46 years$9,554$5,548$3,080$1,653$866$68
47 years$9,245$5,294$2,894$1,527$786$57
48 years$8,950$5,054$2,719$1,411$714$49
49 years$8,667$4,826$2,556$1,304$649$42
50 years$8,397$4,610$2,403$1,205$589$35

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 $5,218 every year, while hoping to spend $28,630 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: 63/21/16 Blend
64$8,600,000$8,600,000$8,600,000$8,600,000
65$9,482,582$9,026,782$8,893,482$10,042,084
66$10,419,344$9,438,633$9,160,952$10,830,259
67$11,450,695$9,869,704$9,436,422$11,686,874
68$12,586,255$10,320,908$9,720,131$12,621,637
69$13,836,620$10,793,200$10,012,323$13,642,155
70$15,213,470$11,287,581$10,313,250$14,756,800
71$16,729,672$11,805,101$10,623,172$15,974,778
72$18,399,406$12,346,859$10,942,356$17,306,221
73$20,238,297$12,914,007$11,271,077$18,762,277
74$22,263,563$13,507,753$11,609,618$20,355,210
75$24,494,177$14,129,362$11,958,270$22,098,522
76$26,951,044$14,780,163$12,317,333$24,007,068
77$29,657,204$15,461,543$12,687,117$26,097,199
78$32,638,042$16,174,962$13,067,938$28,386,915
79$35,921,533$16,921,946$13,460,125$30,896,028
80$39,538,504$17,704,097$13,864,015$33,646,349
81$43,522,925$18,523,091$14,279,953$36,661,887
82$47,912,229$19,380,688$14,708,297$39,969,078
83$52,747,666$20,278,732$15,149,414$43,597,028
84$58,074,692$21,219,154$15,603,684$47,577,783
85$63,943,398$22,203,979$16,071,494$51,946,628
86$70,408,982$23,235,331$16,553,246$56,742,422
87$77,532,271$24,315,435$17,049,353$62,007,952
88$85,380,295$25,446,624$17,560,239$67,790,338
89$94,026,919$26,631,343$18,086,341$74,141,473
90$103,553,541$27,872,155$18,628,109$81,118,507
91$114,049,858$29,171,746$19,186,007$88,784,382
92$125,614,716$30,532,934$19,760,511$97,208,423
93$138,357,041$31,958,671$20,352,111$106,466,984
94$152,396,865$33,452,053$20,961,313$116,644,164
95$167,866,465$35,016,323$21,588,637$127,832,598
96$184,911,605$36,654,884$22,234,617$140,134,324
97$203,692,917$38,371,301$22,899,805$153,661,737
98$224,387,413$40,169,313$23,584,767$168,538,647
99$247,190,159$42,052,839$24,290,086$184,901,442
100$272,316,114$44,025,987$25,016,363$202,900,363