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%11.1%
1 years$718,438$712,038$705,795$699,701$693,750$690,537
2 years$355,662$349,038$342,619$336,395$330,357$327,113
3 years$234,753$228,100$221,697$215,531$209,592$206,419
4 years$174,310$167,678$161,339$155,278$149,483$146,404
5 years$138,054$131,462$125,205$119,269$113,635$110,659
6 years$113,891$107,348$101,185$95,380$89,915$87,048
7 years$96,638$90,151$84,085$78,417$73,125$70,367
8 years$83,705$77,276$71,311$65,782$60,664$58,015
9 years$73,651$67,283$61,420$56,032$51,088$48,548
10 years$65,612$59,306$53,547$48,300$43,530$41,097
11 years$59,040$52,797$47,142$42,035$37,437$35,110
12 years$53,566$47,388$41,837$36,871$32,442$30,219
13 years$48,939$42,825$37,379$32,551$28,290$26,169
14 years$44,976$38,926$33,585$28,895$24,799$22,778
15 years$41,544$35,560$30,323$25,770$21,835$19,911
16 years$38,544$32,626$27,492$23,074$19,298$17,468
17 years$35,900$30,047$25,017$20,732$17,111$15,373
18 years$33,553$27,765$22,837$18,683$15,214$13,565
19 years$31,454$25,732$20,906$16,882$13,561$11,998
20 years$29,569$23,911$19,187$15,290$12,113$10,633
21 years$27,864$22,273$17,648$13,877$10,839$9,440
22 years$26,317$20,791$16,265$12,617$9,716$8,393
23 years$24,907$19,445$15,018$11,491$8,722$7,473
24 years$23,616$18,219$13,889$10,480$7,839$6,661
25 years$22,430$17,097$12,864$9,571$7,054$5,944
26 years$21,337$16,069$11,931$8,751$6,354$5,309
27 years$20,327$15,123$11,079$8,010$5,729$4,746
28 years$19,390$14,250$10,299$7,339$5,169$4,245
29 years$18,520$13,443$9,584$6,730$4,668$3,800
30 years$17,709$12,696$8,928$6,177$4,217$3,404
31 years$16,953$12,002$8,323$5,673$3,813$3,050
32 years$16,244$11,356$7,765$5,213$3,449$2,735
33 years$15,580$10,754$7,251$4,794$3,121$2,453
34 years$14,957$10,193$6,775$4,411$2,826$2,201
35 years$14,370$9,668$6,334$4,061$2,560$1,975
36 years$13,818$9,176$5,925$3,740$2,319$1,773
37 years$13,296$8,715$5,546$3,446$2,102$1,592
38 years$12,803$8,282$5,193$3,176$1,906$1,430
39 years$12,336$7,876$4,866$2,928$1,728$1,285
40 years$11,894$7,493$4,561$2,701$1,567$1,155
41 years$11,475$7,133$4,276$2,492$1,422$1,038
42 years$11,076$6,793$4,011$2,300$1,290$933
43 years$10,697$6,472$3,764$2,123$1,171$839
44 years$10,337$6,169$3,533$1,960$1,063$754
45 years$9,993$5,883$3,318$1,810$965$678
46 years$9,665$5,612$3,116$1,672$876$610
47 years$9,353$5,356$2,927$1,545$796$548
48 years$9,054$5,113$2,751$1,428$723$493
49 years$8,768$4,883$2,586$1,319$656$444
50 years$8,494$4,664$2,431$1,219$596$399

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 $4,421 every year, while hoping to spend $42,126 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: 34/42/24 Blend
64$8,700,000$8,700,000$8,700,000$8,700,000
65$9,591,960$9,130,860$8,996,010$9,847,872
66$10,525,518$9,533,451$9,252,555$10,441,790
67$11,552,888$9,954,356$9,516,282$11,077,671
68$12,683,592$10,394,430$9,787,387$11,762,548
69$13,928,126$10,854,564$10,066,073$12,500,797
70$15,298,054$11,335,696$10,352,544$13,297,213
71$16,806,115$11,838,805$10,647,014$14,157,055
72$18,466,350$12,364,918$10,949,700$15,086,089
73$20,294,228$12,915,109$11,260,826$16,090,641
74$22,306,796$13,490,506$11,580,620$17,177,650
75$24,522,836$14,092,288$11,909,317$18,354,734
76$26,963,045$14,721,690$12,247,160$19,630,250
77$29,650,231$15,380,008$12,594,395$21,013,377
78$32,609,523$16,068,597$12,951,276$22,514,190
79$35,868,615$16,788,879$13,318,065$24,143,756
80$39,458,022$17,542,342$13,695,027$25,914,231
81$43,411,368$18,330,545$14,082,439$27,838,969
82$47,765,708$19,155,122$14,480,581$29,932,642
83$52,561,871$20,017,783$14,889,741$32,211,375
84$57,844,850$20,920,324$15,310,216$34,692,889
85$63,664,226$21,864,621$15,742,310$37,396,664
86$70,074,634$22,852,644$16,186,333$40,344,115
87$77,136,277$23,886,454$16,642,606$43,558,788
88$84,915,500$24,968,213$17,111,456$47,066,574
89$93,485,411$26,100,185$17,593,220$50,895,946
90$102,926,571$27,284,742$18,088,241$55,078,219
91$113,327,757$28,524,371$18,596,873$59,647,840
92$124,786,799$29,821,675$19,119,478$64,642,702
93$137,411,501$31,179,385$19,656,429$70,104,490
94$151,320,660$32,600,362$20,208,106$76,079,072
95$166,645,189$34,087,601$20,774,899$82,616,915
96$183,529,349$35,644,244$21,357,209$89,773,554
97$202,132,114$37,273,583$21,955,446$97,610,105
98$222,628,668$38,979,067$22,570,032$106,193,832
99$245,212,061$40,764,311$23,201,398$115,598,765
100$270,095,032$42,633,102$23,849,985$125,906,393