Can I retire at age 65 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$718,438$712,038$705,795$699,701$693,750$674,518
2 years$355,662$349,038$342,619$336,395$330,357$311,124
3 years$234,753$228,100$221,697$215,531$209,592$190,961
4 years$174,310$167,678$161,339$155,278$149,483$131,597
5 years$138,054$131,462$125,205$119,269$113,635$96,543
6 years$113,891$107,348$101,185$95,380$89,915$73,633
7 years$96,638$90,151$84,085$78,417$73,125$57,654
8 years$83,705$77,276$71,311$65,782$60,664$45,995
9 years$73,651$67,283$61,420$56,032$51,088$37,207
10 years$65,612$59,306$53,547$48,300$43,530$30,419
11 years$59,040$52,797$47,142$42,035$37,437$25,075
12 years$53,566$47,388$41,837$36,871$32,442$20,806
13 years$48,939$42,825$37,379$32,551$28,290$17,355
14 years$44,976$38,926$33,585$28,895$24,799$14,539
15 years$41,544$35,560$30,323$25,770$21,835$12,222
16 years$38,544$32,626$27,492$23,074$19,298$10,304
17 years$35,900$30,047$25,017$20,732$17,111$8,708
18 years$33,553$27,765$22,837$18,683$15,214$7,374
19 years$31,454$25,732$20,906$16,882$13,561$6,255
20 years$29,569$23,911$19,187$15,290$12,113$5,313
21 years$27,864$22,273$17,648$13,877$10,839$4,518
22 years$26,317$20,791$16,265$12,617$9,716$3,846
23 years$24,907$19,445$15,018$11,491$8,722$3,277
24 years$23,616$18,219$13,889$10,480$7,839$2,794
25 years$22,430$17,097$12,864$9,571$7,054$2,384
26 years$21,337$16,069$11,931$8,751$6,354$2,035
27 years$20,327$15,123$11,079$8,010$5,729$1,738
28 years$19,390$14,250$10,299$7,339$5,169$1,484
29 years$18,520$13,443$9,584$6,730$4,668$1,269
30 years$17,709$12,696$8,928$6,177$4,217$1,084
31 years$16,953$12,002$8,323$5,673$3,813$927
32 years$16,244$11,356$7,765$5,213$3,449$793
33 years$15,580$10,754$7,251$4,794$3,121$678
34 years$14,957$10,193$6,775$4,411$2,826$580
35 years$14,370$9,668$6,334$4,061$2,560$496
36 years$13,818$9,176$5,925$3,740$2,319$425
37 years$13,296$8,715$5,546$3,446$2,102$363
38 years$12,803$8,282$5,193$3,176$1,906$311
39 years$12,336$7,876$4,866$2,928$1,728$266
40 years$11,894$7,493$4,561$2,701$1,567$228
41 years$11,475$7,133$4,276$2,492$1,422$195
42 years$11,076$6,793$4,011$2,300$1,290$167
43 years$10,697$6,472$3,764$2,123$1,171$143
44 years$10,337$6,169$3,533$1,960$1,063$122
45 years$9,993$5,883$3,318$1,810$965$105
46 years$9,665$5,612$3,116$1,672$876$90
47 years$9,353$5,356$2,927$1,545$796$77
48 years$9,054$5,113$2,751$1,428$723$66
49 years$8,768$4,883$2,586$1,319$656$56
50 years$8,494$4,664$2,431$1,219$596$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $8,700,000, adding $3,469 every year, while hoping to spend $42,009 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: 33/42/25 Blend
64$8,700,000$8,700,000$8,700,000$8,700,000
65$9,590,978$9,129,878$8,995,028$9,834,163
66$10,524,561$9,532,545$9,251,664$10,420,408
67$11,551,961$9,953,535$9,515,490$11,047,766
68$12,682,703$10,393,700$9,786,701$11,723,065
69$13,927,283$10,853,936$10,065,500$12,450,568
70$15,297,265$11,335,178$10,352,094$13,234,947
71$16,805,392$11,838,407$10,646,694$14,081,322
72$18,465,703$12,364,650$10,949,519$14,995,308
73$20,293,670$12,914,983$11,260,794$15,983,064
74$22,306,340$13,490,533$11,580,746$17,051,345
75$24,522,498$14,092,480$11,909,612$18,207,563
76$26,962,843$14,722,062$12,247,634$19,459,852
77$29,650,183$15,380,573$12,595,060$20,817,144
78$32,609,651$16,069,371$12,952,145$22,289,240
79$35,868,943$16,789,877$13,319,148$23,886,907
80$39,458,575$17,543,581$13,696,340$25,621,968
81$43,412,176$18,332,043$14,083,993$27,507,412
82$47,766,802$19,156,897$14,482,392$29,557,506
83$52,563,288$20,019,857$14,891,823$31,787,930
84$57,846,629$20,922,716$15,312,586$34,215,916
85$63,666,411$21,867,355$15,744,983$36,860,402
86$70,077,273$22,855,743$16,189,328$39,742,206
87$77,139,424$23,889,944$16,645,940$42,884,217
88$84,919,215$24,972,121$17,115,148$46,311,602
89$93,489,758$26,104,538$17,597,289$50,052,034
90$102,931,624$27,289,571$18,092,709$54,135,948
91$113,333,596$28,529,706$18,601,761$58,596,820
92$124,793,512$29,827,551$19,124,809$63,471,472
93$137,419,185$31,185,837$19,662,226$68,800,410
94$151,329,425$32,607,426$20,214,393$74,628,202
95$166,655,154$34,095,317$20,781,703$81,003,880
96$183,540,647$35,652,655$21,364,557$87,981,402
97$202,144,889$37,282,731$21,963,366$95,620,141
98$222,643,082$38,988,999$22,578,553$103,985,441
99$245,228,292$40,775,076$23,210,550$113,149,218
100$270,113,276$42,644,752$23,859,801$123,190,629